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3 bed flat for sale in Marbella, Spain

3 bed flat for sale in Marbella, Spain - photo 1
3 bed flat for sale in Marbella, Spain - photo 2
Price€589,000
TypeFlat
Beds3
Market infoNew homes
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Environment

Apartment in Palo Alto

Palo Alto is located in Marbella, next to the A-355, in the Arroyo de Calera area of the Marbella-Ojén highway. Thanks to the proximity to this road, the development is excellently communicated with the rest of Marbella, since the city center can be reached in less than ten minutes. There you can have all the services you can imagine from shopping in the most prestigious stores in the world to tasting the specialties of its luxurious restaurants or walking along the popular Puerto Banús beach.

In addition, just 12 minutes by car from this luxurious urbanization you will find magnificent beaches bathed by the Mediterranean, such as Playa del Cable or Playa de la Bajadilla.

The area in which the development is situated stands out for its magnificent connections as well as for tranquility that you can feel due to the surrounding nature. You can find some fancy restaurants, gas stations and residential areas, but nothing will prevent you from enjoying fresh air and having magnificent views of the countryside.

Palo Alto is an exclusive urbanization that enjoys panoramic views of the Mediterranean Sea. It is made up of spacious two, three and four-bedroom homes that stand out for their elegant design and have a terrace and large windows that fill all the spaces with light.

This new construction project has magnificent common areas, with a communal pool, solarium and a multitude of extra services. For example, to guarantee the well-being of all its residents, it has concierge services, restaurants, an equestrian center, a shared space to work, a social club, tennis courts, community gardens and a fitness center. The fitness center offers an indoor pool and a fully equipped gym, among other services.

All the apartments are built conforming to all the qualities norms and have air conditioning and some apartments have a private pool on the outdoor terrace.

The keys are to be delivered in the fourth quarter of 2020.

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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