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2 bed apartment for sale in Los Gigantes, Santiago del Teide, Spain, 190 m²

2 bed apartment for sale in Los Gigantes, Santiago del Teide, Spain, 190 m² - photo 1
2 bed apartment for sale in Los Gigantes, Santiago del Teide, Spain, 190 m² - photo 2
2 bed apartment for sale in Los Gigantes, Santiago del Teide, Spain, 190 m² - photo 3
2 bed apartment for sale in Los Gigantes, Santiago del Teide, Spain, 190 m² - photo 4
Price€795,000
TypeApartment
Covered area190 m²
Beds2
Bath2
Rooms3
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Environment

Luxury 2 Bedroom Apartment - Los Gigantes

Cristal is the name of the Tourist and Residential Complex that is being built in Los Gigantes. It is located on a privileged plot, in the area of access to Los Gigantes. All the spacious apartments have extraordinary views towards the Ocean, the Cliffs and the island of La Gomera. The set is designed in a terraced and elevated way, to guarantee privacy, views and luminosity. In total the complex consists of 19 apartments, with private pools, and a large communal pool. Maximum luxury, comfort and design, taking care of all the details to make a unique complex in the area. 8 apartments have already been sold. The completion of the works will be in the year 2020

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%
Paula
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