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2 bed apartment for sale in Los Cristianos, Arona, Spain, 79 m²

Covered area79 m²
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2 Bedroom Apartment

Excellent duplex apartment with two bedrooms and two bathrooms in one of the best complexes in Los Cristianos. With two swimming pools, one for adults and a children’s pool, as well as beautiful gardens. Very bright and cozy. The property has a separate private entrance and a total of 138 m2, which are divided as follows: On the ground floor there is a front terrace with 39 m2, kitchen, toilet, living room and another terrace with pool view with 15 m2. Upstairs there are two bedrooms and a bathroom; one bedroom has a balcony with 5 m2 and partial sea view, the other has views of the Teide. The property includes a closed garage of 14 m2 and a storage room of 5 m2. The community fee is 150 euros per month. Annual tax 520 euros per year. Year of construction 2002.

Extra Сosts when Buying Property

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%
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
580 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
Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
in Russia
+7 (495) 240-81-87
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