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2 bed townhouse for sale in Arona, Spain, 80 m²

Covered area80 m²
Land area12 m²
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2 Bedroom Townhouse

Duplex for sale in complex Altamar Playa de Las Américas, completely renovated with a total area of 90 m2, including the terrace. In the upper part there are 2 bedrooms, both with a terrace, one with a view of the pool and the other with a view to the street, and 1 full bathroom. At the bottom there is a spacious living room with dining room, separate kitchen, 1 toilet and another terrace overlooking the pool. Las Americas is the most famous area in the south of Tenerife. Within walking distance are embankments and well-groomed beaches with volcanic sand, shopping centers, restaurants with cuisine for all tastes. Nearby are the water parks “Siam Park” and “Aqualand”.
Community pool (under renovation).
Year of construction: 1985.
Community fee: 96 euros / month.

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
395 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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