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2 bed apartment for sale in Los Gigantes, Santiago del Teide, Spain, 75 m²

Covered area75 m²
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2 Bedroom Apartment

Excellent luxury apartment with 2 bedrooms and 2 bathrooms in the prestigious area of Los Gigantes (Crab Island). The apartment with a living area of 75 m2 has been completely renovated and with air conditioning in each room, the bedrooms have fitted wardrobes, furniture from the Italian brand Natuzzi, a fully equipped kitchen, a living room with access to a 19 m2 terrace overlooking the city, the rocks and the ocean. On the terrace you can sit in comfortable chairs or on the sun beds, there is also in the corner of the terrace a water heater, a water purifier and a washing machine are installed.
Jasmin complex is very cozy and quiet, there is a communal pool and a small garden on the territory.
The cost of communidad is 260 € per month.
Within walking distance are natural pools, tennis courts, Lidl supermarket, cafes and restaurants.
15 minutes walk to the port and beach of Los Gigantes.

Extra Сosts when Buying Property

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%
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
466 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
Company Representatives
in Spain
Barcelona, Marbella, Mallorca, Tenerife
+34 (931) 720-189
in UK
in Russia
+7 (495) 240-81-87
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