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Flat for sale in Puerto Banus, Marbella, Spain, 59 m²

Flat for sale in Puerto Banus, Marbella, Spain, 59 m² - photo 1
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Price€495,000
TypeFlat
Covered area59 m²
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1 Bedroom, 1 Bathroom Penthouse For Sale in Puerto Banus, Marbella

This very stylish 1 bedroom apartment is located right in the middle of the very sought after Puerto Banús. It is walking distance from shops, bars and restaurants. It's spacious, luminous, updated and modern.
As well as the bedroom it has a pull out bed in the lounge and therefore sleeps 4 comfortably. The apartment comes furnished and the kitchen is fully equipped. With incredible views of the port and sea it is most definitely worth viewing.

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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Helga
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