property in SpainCosta Blanca areaBenisa cityapartment244255

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2 bed apartment for sale in Benisa, Spain, 75 m²

Price	€200,000
Type	Apartment
Covered area	75 m²
Beds	2
Bath	2
Rooms	3
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Luxury 2-bedroom apartment in gold award complex

Amazing 2 bedroom apartment situated on a gold awarded 5*luxury complex within walking distance to shops, bars & restaurants and the beach. Beautifully presented with 5* luxury all round, spacious rooms, bright and airy. The apartment consists of 2 bedrooms, 2 bathrooms with one en-suite, open plan kitchen, good size living dining room and a lovely large terrace with sea views. The communal areas include a spa, gym, communal swimming pools and lush tropical gardens besides a 24/h reception. Monthly communal fees include all expenses ie; electric, water, telephone, Internet, sat TV, communal up-keep, alarms, maintenance etc. There is also covered parking with remote electronic gates at additional cost.

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

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