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Ref: 057441/6907
Property marketed by Canary Hogar
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Beautiful apartment for sale, located in one of the luxury apartment hotels called "Baobab Suites" in the heart of Playa del Duque. The property consists of one spacious bedroom, a living-dining room, a separate kitchen, a bathroom with a shower and bathtub, and a spectacular terrace with magnificent views of the mountains, Costa Adeje, and the ocean. The property can be used as a personal residence or rented out (through the management company).~~Don't miss out on your slice of paradise in the south of Tenerife!
Property Features
- 1 bedroom
- 1 bathroom
- 80m² Build size
- Swimming Pool
- Wardrobes cupboard
- Light
- Water
- All Foreign
- Vistas al mar
- Residencial
- Terrace
- Elevator
- Community Pool
- A/A
- Furniture
- Appliances
- Gymnasium
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
55,000€
Final Payment of 90% on completion
522,000€
Property Purchase Expenses
Property price
580,000€
Transfer tax 10%
58,000€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
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In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.