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1 bed flat for sale in Calvia, Spain, 83 m²

1 bed flat for sale in Calvia, Spain, 83 m² - photo 1
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Price€699,000
TypeFlat
Covered area83 m²
Beds1
Rooms2
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Description

The apartment is located in the heart of the most prestigious area of Mallorca PuertoPortals. Here are the famous restaurants and boutiques. Some of the large motor yachts moored at this luxury port. From the terrace of the apartment offers a magnificent panoramic view of the entire harbour and the sea. The area of 83m2, terrace of 36m2, 2 bedrooms, 2 bathrooms, equipped modern kitchen, air-conditioning, communal pool and garden. It is possible to acquire a closed garage for 49.000€.

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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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 Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
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+44-20-3936-4067
in Russia
Moscow
+7 (495) 240-81-87
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