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4 bed flat for sale in Puerto Banus, Spain, 200 m²

4 bed flat for sale in Puerto Banus, Spain, 200 m² - photo 1
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Price€1,000,000
TypeFlat
Covered area200 m²
Beds4
Bath3
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Ground Floor Apartment Puerto Banús

Spacious 4 bedroom, 3 bathroom exclusive ground floor apartment of 200m2 benefits from one of the best locations that Puerto Banus has to offer. This is a front line urbanisation, with access directly onto the beach from the large communal pool. It is close enough to walk into the Port, being an approx 15-minute walk along the beach / promenade, but far enough away to provide luxury tranquility on an exclusive development. San Pedro beach is also a similar walk, but in the opposite direction, which has a large tiled promenade. There are plenty of beach bars whichever way you decide to walk, including Ocean Club, Mistral Beach and Sala Beach.

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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