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3 bed apartment for sale in Santiago del Teide, Spain, 165 m²

ID: 173093
Price€530,000
TypeApartment
Covered area165 m²
Beds3
Bath2
Rooms4
Qualify for Residence Permit
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Seafront 3 Bed Penthouse - Los Gigantes - Sansofe

Environment
Playa de la Arena is located on the south west coast of Tenerife and is only a short distance from holiday resorts like Los Gigantes and Puerto de Santiago. Situated in the municipality of Santiago del Teide, Located at about 30 kilometres from Playa de Las Americas and Los Cristianos. It is generally acknowledged that the year-round climate in this region is among the best in the World. Playa de La Arena is a small cozy village, black sand beach, restaurants and cafés.
Building
Unique 168 m2 seafront penthouse in Los Gigantes. Breathtaking views of the ocean and the famous cliffs. The sound of waves and complete peace of mind. Very private. 3 double bedrooms and 3 bathrooms. Separate kitchen. 3 terraces, the main one is 70 m2 large. Parking place and a communal pool. Top class community.

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
915 per month
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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%
Jane
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