What will cost me to Own a Property in Spain? an incredibly easy method that works for all
UNDERSTAND THE COSTS OF BUYINGAs a property buyer in Spain, you will have to pay numerous taxes and duties on top of the purchase price. Depending on whether you are purchasing a new property from a developer or reselling an existing property.
NEW BUILD FROM DEVELOPER OR BANK.
RESALE FROM A PRIVATE INDIVIDUAL.
OTHER COSTS AT THE TIME OF PURCHASING
ANNUAL PROPERTY COST
1. COMMUNITY FEESFees will vary depending on the size of the gardens, the number of lifts, whether or not there is private security, and so on.
2. UTILITY SERVICESThese include electricity, water, and gas, and their prices vary according to your personal consumption.
- Typically, electrical bills are paid every two months.
- Water is paid once a month and varies.