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Ref: 056771/6907
Property marketed by Canary Hogar
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Studio with sea views only 450 metres from the beach - Olympia Complex~~Cosy and bright studio apartment of 40 m² constructed area, located in the sought-after Olympia residential complex, just a few steps away from the popular El Bobo beach.~~The property has a practical open plan kitchen, a well laid out open space and a private terrace with lovely sea views, perfect for relaxing and enjoying the privileged climate of the south of Tenerife.~~The complex has a lift, communal swimming pool and communal parking, as well as being surrounded by all kinds of services, transport, shops and leisure areas.~~An excellent option both as a holiday home and as an investment with high profitability in tourist rental.
Property Features
- 0 bedrooms
- 1 bathroom
- 40m² Build size
- Swimming Pool
- telephone
- Wardrobes cupboard
- Light
- Water
- Vistas al mar
- Alarm Fire
- Terrace
- Elevator
- Community Pool
- Furniture
- Appliances
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
19,000€
Final Payment of 90% on completion
198,000€
Property Purchase Expenses
Property price
220,000€
Transfer tax 10%
22,000€
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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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.