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2 bed villa for sale in Majorca, Spain, 250 m²

2 bed villa for sale in Majorca, Spain, 250 m² - photo 1
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2 bed villa for sale in Majorca, Spain, 250 m² - photo 25
Price€2,500,000
TypeVilla
Covered area250 m²
Beds2
Bath3
Rooms3
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Description

Magic house between sea and mountains. Villa with stunning mountain views, built in traditional Mallorcan style. Land area of 55,000 m2, living area of main house of 250 m2, two terraces of 130m2, 3 bedrooms, 2 bathrooms, 1 toilet, office, equipped kitchen with storage room, marble flooring, living room with fireplace plus 2 small cabin, electric heating, air-conditioning, dressing room, swimming pool 8x4, garden. Guest house, living area of 110 m2, 1 bathroom, 2 bedrooms, kitchen dining room, living room with fireplace, terrace.

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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Interest Rate
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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%
Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
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+44-20-3936-4067
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+7 (495) 240-81-87
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