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2 bed flat for sale in Majorca, Spain, 155 m²

2 bed flat for sale in Majorca, Spain, 155 m² - photo 1
2 bed flat for sale in Majorca, Spain, 155 m² - photo 2
2 bed flat for sale in Majorca, Spain, 155 m² - photo 3
2 bed flat for sale in Majorca, Spain, 155 m² - photo 4
2 bed flat for sale in Majorca, Spain, 155 m² - photo 5
2 bed flat for sale in Majorca, Spain, 155 m² - photo 6
Covered area155 m²
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Apartments with 2, 3, 4 and 5 bedrooms on the first line of the sea. The complex has direct beach access and located near the famous promenade of Palma in the area of Puerto de Portitxol.

The most important thing that attracts thousands of tourists from around the world to the Islands of the Balearic archipelago is magnificent sandy beaches, which are the most environmentally friendly in Europe, warm sea, long period of the bathing season (may to November), a pleasant climate without abrupt temperature changes. Rest on the Balearic Islands VIP tourists: top models, stars of film and television, politicians, athletes and journalists from around the world. The Spanish Royal family often chooses Mallorca for their holiday destination.

Developed infrastructure and facilities, a huge number of entertainment places (cafes, bars, restaurants, night clubs, discos, casinos) make the stay even more alluring. The Balearic Islands are suitable for permanent residence. Regular flights and ferries connect the island with the mainland of Spain.

Mallorca is the largest island of the archipelago. This is an amazing place with diverse nature. Favorable and mild climate of Majorca enjoys warm winters and mild summers without sweltering heat. Deciduous groves, pine forests, mountains and valleys, smooth beaches and rocky coves are a real value of Mallorca.

Palma de Mallorca- the capital of the island Mallorca, the largest of the Balearic Islands located in the Mediterranean sea, which also includes Menorca, Ibiza and Formentera. The capital Palma de Mallorca is famous for its gastronomy, the diversity in the field of leisure, ports and sea. The international airport is just 8 km from the city centre.

New residential complex located in a privileged area of the capital of the Balearic Islands – Puerto de Portitxol, on the seafront and just a 5-minute drive from the international airport and the historic centre of Palma de Mallorca. The complex has direct beach access and terraces of the apartments offer panoramic views of the sea.

In the complex there are apartments with total area from 155 m2 up to 316, 2, 3, 4 or 5 bedrooms and large private terraces. The penthouses have a private Solarium on the roof. The price of each apartment includes 2 Parking spaces in the underground garage. The complex has a common area with gardens and swimming pools.

The apartment is on the 6th floor: area – 226,29 m2, of which 27,56 m2 have 2 covered terraces. Large entrance hall, 4 bedrooms, 2 bedrooms suites with EN-Suite bathrooms, 1 shared bathroom and 1 powder room. Spacious living-dining room, kitchen with utility room, 2 terraces. The decoration of the apartment used high quality materials. All rooms are very bright and spacious, filled with sun thanks to a good location.

In the sale of 5 units at a price of 1.339.000 to 1.984.000 euros.

In the near future will see the completion of a new building for 36 apartments.

Luxury accommodation in Palma de Mallorca is the opportunity to live in the heart of the eternal summer, enjoying the sea, sun and the healthy Mediterranean diet.

*Prices are without VAT

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

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Company Representatives
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Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
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