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4 bed villa for sale in Llucmajor, Spain

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Price€1,300,000
TypeVilla
Beds4
Rooms5
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Description

House built in 1999, with a total area of 940 m2. In the house lounge, fitted kitchen, 5 bedrooms, 3 bathrooms, 1 toilet. Around the house and on the top floor, a spacious terrace that envelopes the house. Beautiful garden, swimming pool, house for storage of garden equipment. On the lower floor is a garage for 4 cars and storage space. The house is equipped with air conditioning, alarm system, music system throughout the house.

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
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