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2 bed flat for sale in Los Gigantes, Santiago del Teide, Spain, 132 m²

2 bed flat for sale in Los Gigantes, Santiago del Teide, Spain, 132 m² - photo 1
2 bed flat for sale in Los Gigantes, Santiago del Teide, Spain, 132 m² - photo 2
2 bed flat for sale in Los Gigantes, Santiago del Teide, Spain, 132 m² - photo 3
2 bed flat for sale in Los Gigantes, Santiago del Teide, Spain, 132 m² - photo 4
2 bed flat for sale in Los Gigantes, Santiago del Teide, Spain, 132 m² - photo 5
2 bed flat for sale in Los Gigantes, Santiago del Teide, Spain, 132 m² - photo 6
Price€550,000
TypeFlat
Covered area132 m²
Beds2
Bath2
Rooms3
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Environment

Luxury 2 Bedroom Duplex - Los Gigantes

Luxury and exclusivity in Los Gigantes. New Promotion of Luxury Duplex with terrace and private pool overlooking the sea and Los Gigantes. They stand out for their location, for their careful design and maximum quality. They also include garages and storage rooms. The completion of the works will be in the year 2020. 5 of the 20 properties have already been sold.

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%
  • Spain, AdejeSpain, Adeje
    Apartment €450,000
    • Covered area: 100 m²
    • 3 rooms, 2 bath
  • Spain, AdejeSpain, Adeje
    Apartment €449,000
    • 4 rooms, 2 bath
  • Spain, AdejeSpain, Adeje
    Apartment €470,000
    • Covered area: 66 m²
    • 3 rooms, 1 bath
  • Spain, AdejeSpain, Adeje
    Apartment €485,000
    • Covered area: 98 m²
    • 3 rooms, 1 bath
  • Spain, AronaSpain, Arona
    Apartment €520,000
    • Covered area: 95 m²
    • 5 rooms, 3 bath
  • Spain, AdejeSpain, Adeje
    Flat €500,000
    • Covered area: 170.9 m²
    • 4 rooms, 2 bath
  • Spain, AdejeSpain, Adeje
    Apartment €570,000
    • Covered area: 205 m²
    • 4 rooms, 2 bath
  • Spain, AronaSpain, Arona
    Apartment €443,000
    • Covered area: 100 m²
    • 4 rooms, 2 bath
  • Spain, AdejeSpain, Adeje
    Apartment €600,000
    • Covered area: 226 m²
    • 4 rooms, 2 bath
Jane
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