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2 bed apartment for sale in Arona, Spain, 76 m²

Price€189,000
TypeApartment
Covered area76 m²
Beds2
Bath1
Rooms3
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Environment

2 Bedroom Apartment

Excellent duplex penthouse in Cho, Parque de la Reina. It consists of 150m2 distributed as follows: On the ground floor of 76m2, is the living room, two bedrooms, a bathroom and kitchen. On the top floor we find a large 76m2 private terrace with partial ocean view and mountain view. Additionally, the property has a garage space and a storage room of 9m2. It is offered fully furnished and equipped. Community fees 72 euros per month. IBI 202 euros per year. Year of construction 2000.

Extra Сosts when Buying Property

WITHOUT MOTGAGE
VAT for new residential properties 10%
VAT for new commercial properties and plots of land 21%
Property Transfer tax for re-sale property 6-10%
Stamp Duty 1%
Notary and Land Registry fees about 2%
WITH MORTGAGE
To the expenses noted above add:
Bank mortgage fee, of the value of the mortgage 1%-1.5%
Mortgage deed tax 1.5%
Land Registry and notary expenses about 2%
Bank valuation of the property from €300
Documents translation from €200
Insurance payments for the first year from €300/год

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Interest Rate
326 per month
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Ongoing Ownership Costs

Annual property ownership tax, calculated on the cadastral value 0.5-2%
Non-resident income tax (the base for the applicable tax rate is generally 2% of the cadastral value) 25%
Annual wealth tax 0.2%-2.5%
Rubbish Collection Tax €100-200 p.a.
Community expenses for condominiums and urbanisations from €300 p.a.
Water and electricity rates €100-200 per month

Additional Services Costs

Legal fees about 1%
Estate agency fees 3-5%

Return on Investment

Property Price
Rental Cost
0%
Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
London
+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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