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1 bed a house for sale in Calvia, Spain, 100 m²

1 bed a house for sale in Calvia, Spain, 100 m² - photo 1
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Price€530,000
Typea House
Covered area100 m²
Beds1
Bath2
Rooms2
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Description

Beautiful apartment with sea views located in a complex with swimming pool just a few steps from the beach. Living area of 100m2 plus 20m2 terrace, 2 bedrooms, 2 bathrooms, fitted kitchen with Laundry room, spacious living room, dining room, gas Central heating, separate storage room, Parking. Upstairs there is a spacious terrace of 50m2, it is possible to make a ladder directly from the living room to the upper terrace. The apartment is located in one of the most prestigious areas of the island.

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