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3 bed flat for sale in Orihuela Costa, Spain - photo 1
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3 bed flat for sale in Orihuela Costa, Spain

ID: 244397
Price€440,000
TypeFlat
Beds3
Bath2
Rooms4
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Sale Penthouse - Orihuela-Costa - Spain

Modern penthouse apartment in a prestigious residential Las Colinas Golf. The penthouse consists of a spacious living room with kitchen, 3 bedrooms, 2 bathrooms and terrace. The complex has a swimming pool for adults and children, includes parking place. Also features a gym, surrounded by a garden with Mediterranean vegetation. The penthouse has floor heating in bathrooms, video door phone with screen, air conditioning, heating and technical installation of home automation 3.0.

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%
Amina
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