costs

What are the annual running costs of owning property in Spain?

Annual running costs for Spanish property typically include: IBI property tax (€200-€2,000 depending on property and location), basura/refuse tax (€100-€300), community fees for apartments/urbanizations (€300-€1,800 annually), home insurance (€200-€600), non-resident income tax/Modelo 210 (€200-€500), fiscal representative fees (€150-€300), utilities: electricity (€50-€150/month), water (€20-€50/month), internet/TV (€30-€60/month), pool maintenance if applicable (€100-€200/month), garden maintenance (€50-€200/month), and property management if non-resident (€100-€300/month).

For a typical 2-bed apartment, expect annual costs of €2,000-€4,000.

For a villa with pool, €4,000-€8,000+.

These costs are generally much lower than equivalent costs in Northern Europe or the UK.

WOW-Estates provides detailed running cost estimates for every property.