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SUNSET VILLAS

COSTA ANTIGUA

FUERTEVENTURA

 

 

The Sunset Villas are a new development situated in Costa Antigua. 3 bedroom independent family villas, 2 bathrooms, fully fitted kitchen, private pool, garage, pergola, and roof top sun terrace. Situated on a 300 square metre plot these spacious villas make the ideal family home.

 

The village of Antigua is located in the East of Fuerteventura close to the popular tourist resort of Caleta de Fuste, it is one of the oldest villages in Fuerteventura. The picturesque church dominates the village it was built in 1785 and is set in beautiful surroundings, the village square is filled with flowers all year round. Costa Antigua is a quiet village with local bars and restaurants, all nightlife can be found in the neighbouring resort of Caleta de Fuste.    

 

Caleta de Fuste thrives on tourism, with lots of accommodation to offer, a fantastic golden sandy beach very popular for water sport enthusiasts, with diving and jet-ski hire. The harbour is home to many yachts and boats which provide enjoyable local trips. There are a multitude of good restaurants that cater for all tastes at very reasonable prices and also a number of supermarkets within the local area.

 

PRICES AND CONDITIONS:

 

3 bedroom independent villa – 265.000€    

11% legal / taxes charge to be added to above price.(6.5% tax, notary fees, property registry fees etc)

1st payment of 10%, signing of contract - 26.500€

2nd payment after 60 days from initial contract – 26.500€

3rd payment after 120 days from initial contract – 26.500€

 

70% mortgages available (subject to status).

Mortgages at 3.5% interest rate.

For mortgage application the bank requires:

.-application form completed

.-copy of passport

.-last 6 months bank statements

.-last 3 payslips and last p60 and employers reference (if employed)

.-last inland revenue tax return and 2 years business accounts (if self-employed)

.-last 12 months proof of mortgage payments for uk home (if applicable)

.-marriage certificate (if married)  

 

Approximate mortgage repayments on 182.000€

Over 15 years:  1300€ / month

Over 20 years: 1100€ / month

Over 25 years: 915€ / month

Over 30 years: 820€ / month  

·         set-up fees

11 % -legal/taxes charge to be added to the above price (6.5 % tax, notary fees, property registry fees etc.)
1.5 % -bank set up charges
5 % -Deposit

·         mortgage calculator

70 mortgages available
(subject to status)

 

Loans

5 years

10 years

15 years

20 years

25 years

30 years

€185,500

€3,374

€1,834

€1,326

€1,075

€928

€832

 

 

Purchase information

What you need to know to purchase a property in the Canary Islands.

With today's unstable economical market, investments in overseas property are the best idea. Risk is minimal and return is usually very high. So, now that you have made the decision to purchase your holiday home in the sun, there are a few important things you need to know.

To secure the property you have chosen you need to place a deposit of 3000€. Contracts will then be drawn up between purchaser and vendor clarifying the main points of the purchase/sale process such as method of payment, completion date etc.

If required we will take care of the mortgage application, the surveys carried out on our properties have come back with very high bank valuations therefore offering up to 100% finance with very competitive interest rates. Before you can sign for the deeds of your new home there is a certain amount of paperwork that must be checked to ensure there are no outstanding debts on the property. This includes;

  • obtaining a "Nota Simple" (document from the property registry office on the property)
  • checking that IBI (local council rates) have been paid up to date
  • collecting a community certificate from the President of the community where you are purchasing to ensure that community fees, electricity and water bills have been paid up to date.
  • copy of the deeds to the property.

These documents are required on the completion day in order to sign the deeds. The Notary will refuse to sign unless all above documents are presented. We suggest the use of a lawyer at all times and can guide you towards excellent lawyers with experience in property sales with non Spanish residents who will take care of all these documents for you to enable a smooth and worry free completion on your purchase.

Additional costs.

In addition to the sale price, you must remember that the purchaser will also have to pay approximately 11% of the new declared value of the property. This is made up of the following taxes and fees;

  • 6.5% ITP tax (Impuesto sobre Transmisiones Patrimoniales)
  • Notary fees for deeds and mortgage
  • Property registration fee for deeds and mortgage
  • Plus Valia (capital gains tax)
  • Mortgage set-up fees. 


Property details
Price€265,000 ( approx. £182,759 )

Location
AddressCOSTA ANTIGUA - FUERTEVENTURA

Sales contacts
Telephone0161 904 0004
Alt Telephone0161 904 0004
Emailinfo@property-gems.co.uk

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