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1 bed flat for sale in Malaga, Spain, 55 m²

1 bed flat for sale in Malaga, Spain, 55 m² - photo 1
1 bed flat for sale in Malaga, Spain, 55 m² - photo 2
1 bed flat for sale in Malaga, Spain, 55 m² - photo 3
1 bed flat for sale in Malaga, Spain, 55 m² - photo 4
1 bed flat for sale in Malaga, Spain, 55 m² - photo 5
1 bed flat for sale in Malaga, Spain, 55 m² - photo 6
1 bed flat for sale in Malaga, Spain, 55 m² - photo 7
1 bed flat for sale in Malaga, Spain, 55 m² - photo 8
1 bed flat for sale in Malaga, Spain, 55 m² - photo 9
1 bed flat for sale in Malaga, Spain, 55 m² - photo 10
1 bed flat for sale in Malaga, Spain, 55 m² - photo 11
Price€222,000
TypeFlat
Covered area55 m²
Beds1
Bath1
Market infoNew homes
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Environment

Penthouse in Edificio la Biznaga

La Biznaga project offers great sea views and is nestled near Hacienda Paredes, one of the neighborhoods of the East district of Malaga. This is an area that occupies almost the entire eastern fringe of the city, although its urbanized area is partly located by the coast and the mountains.

The eastern district of the Andalusian capital has some of the most beautiful hidden from everyone beaches of the city. Specifically, this residential complex is located just one kilometer and a half away from Pedregalejo beach and its wonderful embankment.

The area offers numerous services such as supermarkets, bars, restaurants, pharmacies, language centers, etc. Shopping is also convenient at a local organic market El Palo. To experience a cultural spirit of the neighborhood one should visit Archeological sites Yacimientos Arqueológicos de la Araña.

The urbanization is perfectly communicated with the rest of the city and the province thanks to diverse bus lines that pass through the area and the closely located A-7 highway. La Biznaga puts you only 5 kilometers away from the historical center of Malaga. Project Description La Biznaga complex features 18 innovatively designed houses offering stunning views of the sea. The properties are divided into two blocks with three floors. Each of the 9 properties has 1-3 bedrooms, 2 bathrooms, and a garage.

The properties have a floor area between 58 and 135 square meters. Prices range from 154,000 to 365,000 euros plus VAT.

The apartments offer a modern design with high-end finishing. Interior features include a furnished kitchen, an air conditioning system in bedrooms and living rooms, a video intercom system, Climalit type double glazed windows, doors and an armored entrance door.

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

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