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2 bed apartment for sale in Playa de La Arena, Santiago del Teide, Spain, 150 m²

Covered area150 m²
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2 Bedroom Apartment

Excellent apartment in exclusive complex built with high quality materials, has 83 m2 distributed in living room, fully equipped kitchen, utility room, hall, 2 bedrooms with fitted wardrobes and 2 bathrooms. It also has 14 m2 of private garden with barbecue, terrace of 30 m2 facing west and with panoramic views of the sea and the pools and gardens, storage room of 5 m2 and parking space of 11 m2. It has centralized air conditioning, electric shutters, all openings with double glazing and marble floor.
The property is sold partly furnished.
The complex has lifts, spacious and comfortable common areas with 2 adult pools, one of them heated in winter, 1 children’s pool, solarium and beautiful gardens.
It is located only 5 ’ from the well-known Playa La Arena and all the necessary services to enjoy one of the best areas of southern Tenerife with a privileged climate.
Community Expenses: € 100 per month.
Ibi: € 550 per year.

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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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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