|
Costs, especially running costs do vary with the type of property. The following is a rough guide based on a 2-bedroom apartment, value
€250,000, with a communal pool.
Purchasing and Furnishing costs (€)
|
Purchase price
|
250,000
|
|
IVA (Spanish VAT)
|
17,500
|
|
Legal costs
|
4,000
|
|
Town Hall Tax
|
200
|
|
Water connection & meter
|
600
|
|
Electricity connection & meter
|
400
|
|
|
|
|
Purchase total
|
272,700
|
|
|
|
|
Furnishings (approx)
|
15,000
|
|
Total Cost incl. furnishings
|
287,700
|
|
 |
|
|
Annual Running Costs (€)
|
Community fees
|
825
|
|
Property management fees
|
225
|
|
Electricity
|
450
|
|
Water & sewage
|
300
|
|
Rubbish collection
|
50
|
|
Urban rates
|
225
|
|
Insurance
|
300
|
|
Annual wealth tax (25% of 2% of purchase price)
|
625
|
|
|
|
|
Total
|
3,000
|
|
|
