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Flat for sale in Marbella, Spain, 179 m²

Flat for sale in Marbella, Spain, 179 m² - photo 1
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Price€949,000
TypeFlat
Covered area179 m²
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3 Bedroom, 3 Bathroom Penthouse For Sale in Marbella

Fabulous duplex penthouse in one of the most exclusive areas of Marbella, walking distance to the beach and a couple of minutes driving from the town. The south facing property offers privacy, great open views towards the sea, a private pool, 2 private garages and is sold fully furnished. It is an amazing place for permanent residency and to enjoy fantastic holidays under the sunny sky of the Costa del Sol. Highly recommended! Virtual tour and floor plan available.

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%
Jane
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