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3 bed apartment for sale in Puerto de Santiago, Santiago del Teide, Spain, 86 m²

ID: 279954
Price€325,000
TypeApartment
Covered area86 m²
Beds3
Bath2
Rooms4
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Environment

3 Bedroom Apartment

Luxurious 3 bedroom apartment in the center of the fishing village of Puerto Santiago. Apartment with 3 bedrooms and two bathrooms with shower. One of the rooms is ensuite. American kitchen fully furnished with appliances Spacious living room with lots of light that opens onto a terrace with spectacular sea views. Idyllic place to have a second residence or as an investment. The community fee is € 20. The house has 103 m2. Unique opportunity to obtain a home with these characteristics in the high demand area of Puerto Santiago. Property with less than 10 years of construction and completely renovated in 2018.

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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