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Flat for sale in La Quinta, Benahavis, Spain, 273 m²

ID: 275571
Price€649,000
TypeFlat
Covered area273 m²
Qualify for Residence Permit
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3 Bedroom, 3 Bathroom Penthouse For Sale in Lomas de la Quinta, Benahavis

Spacious three bedroom, south facing duplex penthouse in the wonderful community Lomas de la Quinta, with tropical gardens and a communal swimming poo. The complex is also only a short drive to all amenities, the beach and golf courses. On the main level is an open plan living and dining area with French doors leading out to the large terrace which has beautiful golf and sea views; a fully fitted kitchen with breakfast bar and seperate laundry area; a guest suite; guest bedroom; and bathroom. On the upper level is the master suite with a dressing room and roof terrace and the back and front. Other features include hot and cold air conditioning, outdoor shower, electric blinds, a garage space and storeroom.

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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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%
Jane
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