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2 bed apartment for sale in Arona, Spain

Price€162,000
TypeApartment
Beds2
Bath1
Rooms3
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Environment

2 Bedroom Apartment

Fantastic semi-furnished penthouse in Parque de la Reina with views of the Teide and the sea.
Main floor: independent kitchen, 2 bedrooms with fitted wardrobes, bathroom, large living room, sunny terrace of 70 m2 that has two areas, one solarium with barbecue and another wooden deck with sofa. Garage with storage room of about 31 m2. Lift.
Building is next to the new school of Parque de la Reina which will be finished at the end of the year. Near the exit to the south highway and airport. A perfect home to enjoy with family, residential environment, close to all necessary services.

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
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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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