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2 bed villa for sale in Majorca, Spain

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Price€2,652,000
TypeVilla
Beds2
Bath4
Rooms3
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Description

House in Palma near the center. The plot of 4000 m2. The house consists of one floor and a basement. The house is large and beautiful living room with fireplace and access to terrace, dining room, equipped kitchen with its dining area, 3 bedrooms, 4 bathrooms, an office and a guest room. Marble floors. The whole house is equipped with air conditioning and heating. On the territory there is a separate summer kitchen with barbecue. From the garage exit to the utility room with washing machine and tumble dryer, sports equipment, bathroom, wine cellar, all equipped with wardrobes. On a plot of 2000m2 gardens, tennis court, shops, facilities for Pets, own water well, fish pond, large outbuilding with sauna and its own purification system for the pool. Throughout the site irrigation system with lights. The house is 5 km from the beach and town centre and 10 minutes walk from a supermarket.

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