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2 bed apartment for sale in Los Gigantes, Santiago del Teide, Spain, 100 m²

Price€540,000
TypeApartment
Covered area100 m²
Beds2
Bath2
Rooms3
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Environment

2 Bedroom Apartment

If someone looks for incredible views to Los Acantilados de Los Gigantes, the Island of La Gomera and the best sunsets in the Canary Islands … this is the property without a doubt !!!!! In a luxury complex, with elevator, garage, heated pool, very close to the leisure area of Los Gigantes and only 5 ’from the Playa Los Guios.
This fantastic penthouse completely renovated with high quality materials, has 2 double bedrooms with large fitted wardrobes and access to the terrace, 2 bathrooms, fully equipped semi-detached kitchen, bright living room, is exquisitely decorated with direct access to the fantastic private terrace of more than 30m2 perfectly oriented to the West where the views are endless ……

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%
Helga
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