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2 bed flat for sale in Malaga, Spain, 76 m²

2 bed flat for sale in Malaga, Spain, 76 m² - photo 1
2 bed flat for sale in Malaga, Spain, 76 m² - photo 2
2 bed flat for sale in Malaga, Spain, 76 m² - photo 3
2 bed flat for sale in Malaga, Spain, 76 m² - photo 4
2 bed flat for sale in Malaga, Spain, 76 m² - photo 5
Covered area76 m²
Market infoNew homes
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The Don Juan de Austria development is located just five minutes from the center of Malaga, on Don Juan de Austria Street, very close to the Hospital Civil (where the new hospital of Malaga will be located). In addition, the area where the properties are located is next to the Guadalmedina River and surrounded by stores and services of all kinds. There are three supermarkets (Dia, Mercadona and Eroski City), several pharmacies, cafes, banks, restaurants and a multitude of local stores around the development. In the area there are also outstanding educational centers, such as the Official Language School of Malaga, and green areas such as the Picasso Gardens. Next to this park you can find fashion stores of the main national and international brands and Corte Inglés. From the apartments it takes only 10 minutes to walk to the city center and 20 minutes to the mythical beach of La Malagueta. In any case, the area in which this development is located is very well connected by public transport through the city bus network. A total of 16 homes make up the new Don Juan de Austria development. There are different types of homes for sale: two studios, seven one-bedroom apartments, one two-bedroom flat and six duplex penthouses with two bedrooms and a terrace. Depending on their characteristics, the properties measure between 76 and 97 square meters and can be bought from 175,000 euros plus VAT. They are a perfect option to become your new home or as an investment due to their magnificent location in the center of Malaga. The development with a beautiful green courtyard around stands out for its modern design and is executed with an elegant architecture and first class finishes. There are built-in closets, lacquered doors, laminate flooring, air conditioning and fully fitted kitchens equipped with appliances in th apartments. In addition, the building has two underground parking levels that house 17 parking spaces and five parking spaces with attached storage room, which can be purchased together with the property. The delivery of keys is scheduled for the fourth quarter of 2020.

Extra Сosts when Buying Property

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%
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
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