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2 bed flat for sale in Benidorm, Spain, 90 m²

2 bed flat for sale in Benidorm, Spain, 90 m² - photo 1
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Price€340,000
TypeFlat
Covered area90 m²
Beds2
Bath2
Rooms3
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Description

Apartment located in Villajoyosa, about 30 km from Alicante and 12 km from Benidorm. By car Alicante airport is 30 minutes and 10 minutes from Benidorm. On sale are apartments of two and three rooms. From the salon there is access to the huge terrace with a beautiful sea view. The sandy beach is just 50 metres away. Nearby there are bars, restaurants, shop and also tram stop. A perfect choice for spending holiday and for permanent residence.
Villajoyosa is situated along the Costa Blanca not far from Alicante airport. The city is home to some 35,000 residents, which means that you can find all the necessary services, but still you can enjoy the Spanish mind.
According to the world health organization, the Costa Blanca has been recognized as the healthiest region to live in. With more than 300 days of sunshine a year, you can enjoy pleasant temperatures throughout the year. The average annual temperature is 18ºC, which means that the summers are not very hot and winters are relatively warm.

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

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