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3 bed apartment for sale in Benidorm, Spain, 110 m²

3 bed apartment for sale in Benidorm, Spain, 110 m² - photo 1
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Price€262,500
TypeApartment
Covered area110 m²
Beds3
Bath2
Rooms4
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Apartment in Benidorm

MAGNIFICENT DUPLEX 3 BEDROOM APARTMENT WITH STUNNING SEA, equipped with all services and with 2 car garage included, has a large private terrace with private plunge pool. The whole apartment is south facing, sunny and very private and quiet. You really can not beat it.

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%
Helga
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