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3 bed a house for sale in Palma de Majorca, Spain, 256 m²

3 bed a house for sale in Palma de Majorca, Spain, 256 m² - photo 1
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Price€1,910,000
Typea House
Covered area256 m²
Beds3
Bath4
Rooms4
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Description

Amazing penthouse in the center of Palma with panoramic sea views with private pool is located on the first line. 256м2 living area, plus an upper terrace 235м2, spacious living room with sea view, equipped kitchen, 2 small cabin, 1 office, 4 bedrooms, 4 bathrooms, 1 toilet, marble floors, air conditioning, electric heating, Laundry, separate storage room, private Parking for 3 cars, communal pool and garden.

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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