Cost of maintaining the property in Spain
Given the cost of maintaining a property in Spain, including utilities, are approximate.
In Spain, there are several types of mandatory payments, they are all similar to the ones that you do for your house in your country, but with some differences. They include payment for water, gas, electricity . You pay them upon consumption. The cost of utilities in Spain depends on the amount of consumption, the region and the company’s suppliers.
Contents of the individual home
Fixed costs for 1 month, independent of the time living in Spain:
– Garbage disposal: about 10 € per month -119 per year, ie about 10 euros per month;
– Monthly fee supply: 10 -16 € per month depends on the power;
– Monthly fee plumbing: about 12 euros.
TOTAL fixed cost per month: about 32 – 38 euros.
Variable costs per month, that is, for the consumed services depend on the length of stay in Spain for a year, the season and personal habits:
– Electricity: 40 – 50 €; if there is a swimming pool, then another 20 – 30 €;
– Water: about 30-50 euros per month for a family of 4 persons. Many owners set up their gardens programming watering.
– Gas for hot water in the house, if the heating is carried out of gas: about 20 euros;
– Home heating from November to March , strongly depend on the habits of each individual family sized accommodation, type of heating ( gas, air conditioning , electric batteries ) and can vary between 100 – 300 € per month.
– Care of the garden and pool, if that would make a gardener: an average of 120-160 euros. Many who live here permanently themselves caring for a garden or pool.
– Home insurance, it is not required, and its cost is an average of 300-450 euros per year , ie 25-37 per month depending on the size of the house and the value of things that are therein .
Maintenance of the apartment or bungalow:
Fixed costs per month:
are the same as that for an individual house + costs comunidad, ie the maintenance of common areas of all the owners of the complex swimming pool, garden, lighting, elevators , possible repairs … these costs are on average 20 to 80 euros month. Payment is usually made monthly or quarterly.
Approximately 55 – 115 euros.
Variable costs per month , that is, for the consumed services depend on the length of stay in Spain for a year, the season and personal habits :
– Electricity: about 40 – 50 €;
– Water: 25-45 € per month for a family of 4 persons.
– Gas for hot water in the house, if the heating is carried out of gas: about 20 euros ;
– Home heating (November to March) , depend on the habits of each particular family , size of the premises , type of heating ( gas, air conditioning , electric heaters) and can be 70 – € 200 per month.
– Apartment insurance is not mandatory, it costs an average of 200-300 euros per year, ie 17-25 € per month depending on the size and contents of apartments or bungalows.
Utilities in Spain, invoices
How to pay utility bills in Spain?
Counters remove workers utilities. On the ground floor of each building there are water and electricity meters, with whom and take readings. This, of course, makes your life easier and deprives many problems for payment. The only thing that you need to make , buying property , provide technical certificate of habitability of housing, ownership documents , the number of your bank account in the Spanish office utilities. Subsequently, your bank account will be debited payment for utilities, and your mail will come invoice indicating your counter readings and payment made.
Annual property taxes.
Citizens and foreigners owning immovable property in Spain , must annually pay the local municipal and state property taxes :
Impuesto sobre Bienes Inmuebles (IBI). As the tax base used cadastral value of a particular property . Council tax rate can vary from 0.4 % to 1.1 % and set it within the specified limits each town hall (Ayuntamiento) independently. Cadastral value is now slightly below the market price. For example, house price 300.000 €, IBI could be around 350 – 500 euros. This tax is paid every time this year . .
Non-residents who own real property in Spain , but do not have a residence permit and not receiving income is required to pay an annual tax for non-residents , which is called Impuesto sobre Renta de no Residentes (IRNR). The basis of this calculation laid taxable base is set at 1.1 % – 2 % of the cadastral value of the property. 2% used in those municipalities where the cadastral value of the objects have not been updated since 1994. A 1.1 % applied in municipalities where the cadastral value since 1994 has been revised . Tax rate is set the same for all municipalities and 24% of the tax base.
For example, in the cadastral value of the property value of EUR 50,000 this tax will be: 50,000 x 0.02 x 0.24 = 240 €.