Ibiza Town Apartments
Apartments Sales Ibiza Town, Ibiza, Spain
UK Office 0871 711 5403
or (0044) 01245 362 440
E-mail info@apartmentspain.co.uk
Ibiza Town Apartments
Buying an Apartment in Ibiza Town is an good investment. Each year there is an average appreciation on apartments of 30%, this is an great return on your savings, without taking into account the rental potential.
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If you are looking to purchase an apartment for rental reasons the 2 bedroom apartment is by far the most versatile, and therefore 2 bedroom apartments are always the first to get booked up. They are also the best outlay versus income. Constructors have veered away from building as many 1 bedroom apartments in recent years due to construction costs. Therefore the majority of 1 bedroom apartments are available on the resale market. It is worth knowing that it is rare in Spain for constructors to build apartment blocks over 3 floors high.
When buying an apartment you will pay 7% of the apartment value on IVA Tax (VAT), Legal Fees are approximately 3% of the apartment value. The Legal fees are split between the Solicitor, the Town Hall (this is to register your apartment), and the Notary (a cross between a judge and a magistrate, who is independent to both parties and ensures that everything is above board). Notary's also draw up wills; it's advised that you get a Spanish Will when purchasing an apartment in Spain because if you pass away without one the apartment will be repossessed by the Government. Please note that laws and practices can vary in different areas of Spain.
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Ibiza Town Apartments
Apartments Sales Ibiza Town, Ibiza, Spain