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Apartment for sale in Eivissa, Ibiza, Spain

ID: 243259
Price€1,560,000
TypeApartment
Qualify for Residence Permit
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Environment

Apartment in Paseo Marítimo

Luxurious modern penthouse forsale, located Ila Plana (Talamanca), first line sea, walk to the beach of Talamanca and maritime paseo of Ibiza. This apartment has an entrance with a large living room, fitted kitchen, 3 bedrooms, 3 bathrooms, laundry. Parking. Environment and convenient location

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
2 692 per month
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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%
  • Spain, IbizaSpain, Ibiza
    Apartment €525,000
    • Covered area: 70 m²
    • 3 rooms, 2 bath
  • Spain, IbizaSpain, Ibiza
    Apartment €1,050,000
    • Covered area: 106 m²
    • 4 rooms, 2 bath
  • Spain, IbizaSpain, Ibiza
    Land €1,200,000
    • Covered area: 368 m²
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