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4 bed villa for sale in Santiago del Teide, Spain, 6220 m² - photo 1
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4 bed villa for sale in Santiago del Teide, Spain, 6220 m²

ID: 173299
Price€1,400,000
TypeVilla
Covered area6220 m²
Beds4
Bath3
Rooms5
Qualify for Residence Permit
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4 Bed Villa on 6.000 m2 - Los Gigantes

Environment
Los Gigantes is a district of the municipality of Santiago del Teide, located in the western part of Tenerife. Known as a tourist city, it is dominated by its cliffs, which provide the visitors from land and sea a spectacular view over the cliffs of Los Gigantes, falling up to 450 feet vertically into the ocean. Good access to the highway to/from Adeje, the village is provided with all necessary shopping and living facilities. Distance to the south airport approx. 35 minutes, to Playa de las Américas approx. 20 minutes by car. The nearby golf courses are located in approx. 20 to 30 minutes distance from the village. Los Gigantes has more than three hundred sunshine days per year, and became a very popular holiday-resort in the western part of Tenerife.

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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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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