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1 bed apartment for sale in Calpe, Spain

1 bed apartment for sale in Calpe, Spain - photo 1
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Price€270,000
TypeApartment
Beds1
Bath1
Rooms2
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Description

Planned date for end of work is March 2019. Building has 11 apartments. There is possibility to join apartment with 2 bedrooms and apartment with 1 bedroom to make apartment with 4 bedrooms (example is floor 5). All materials are of the first quality. Underfloor heating, sanitary hot water and air conditioning with mitsubishi heat pump. Sanitary appliances for laufen and Jacob delafon. Hansgrhoe faucets. Parselanic stoneware for tiling and paving. Price of a parking 10.000 € .

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%
Company Representatives
in Russia
Moscow
+7 (495) 240-81-87
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
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