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Land for sale in Benidorm, Spain

Land for sale in Benidorm, Spain - photo 1
Land for sale in Benidorm, Spain - photo 2
Land for sale in Benidorm, Spain - photo 3
Land for sale in Benidorm, Spain - photo 4
Land for sale in Benidorm, Spain - photo 5
Land for sale in Benidorm, Spain - photo 6
Land for sale in Benidorm, Spain - photo 7
Land for sale in Benidorm, Spain - photo 8
Price€250,000
TypeLand
Land area1644 m²
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Plot in Benidorm

<p>LARGE INDEPENDENT PLOTS IN ONE OF THE BEST URBANIZATIONS OF BENIDORM. The plot consists of 2 independent registry plots, which a total of 6,462m2. Each one of them has an urban part indicated in the photo nº4 with the legend VU1a and a non-developable part, indicated with the legend SNU. There is  a project of division of plots for a better use and to be able to build 3 independent villas. Currently there are 3 projects adapted to each plot, which will be developed to suit the buyer. Check prices and features for the construction. PLOT PRICES: Plot 1(2510m2): 330.000€, Plot 2(2205m2): 300.000€, Plot 3(1644m2): 250.000€</p>

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%
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