Running costs
 

Hi can anyone give me ballpark figures for running a property in Spain. We are looking at buying a 2 bed , lock and leave type place (doing a 3 month trip out in 2017 to view areas). We are selling a villa type place in Florida which has running costs such as property tax, community fees, home ins, electric, water/ sewage and Homewatch. Theses amount to circa £8k per annum, and we are hoping to reduce our outlay moving forward . Any advice would be much appreciated. We are looking at around £120k to buy

Re: Running costs
 

Hi and a warm welcome to the Spanish forum on BE. Myself and Fred James are the moderators for the Spanish forums whilst BEVS moderates Europe. Moderators are there to ensure that the site runs smoothly within the rules of BE. This is so that members gain the information that they are looking for and find their experiences on the forums to be friendly and worthwhile.

Problems and complaints should always be addressed to a moderator who will look into the matter and deal with it efficiently and fairly. Our members who post in the Spain Forums are usually friendly and helpful with a wealth of knowledge about the issues of living in Spain. I hope that you enjoy your time participating in the forums.

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Re: Running costs
 

May make some savings but big variable is community fees. Annual taxes vary Euro 600,- / Euro 1.000,- including rubbish collection. Community fees great unknown, seen anything from Euro 20,- a month to over Euro 200,- ( more in some places ) depends on community size and services - garden, pool, lifts etc etc. Utilities about Euro 100,- a month, add in Euro 50,- a month for Internet and mobile phone. Annual house insurance about Euro 200,- . Typical security system with internet monitoring about Euro 40,- a month.
Just general typical costs, will vary by area.

Re: Running costs
 

Unless you have neighbours hook into your power supply, or live in a huge mansion with 30 rooms including swimming pool that's heated 24/7 I don't think you have to worry;). Of course it depends on the area and some people have to pay community fees but you'll save thousands.

Re: Running costs
 

Water - 40€ per month
Electric - 80€ per month
IBI - 300€ per year
Basura - 80€ per year
Insurance - 250€ per year

but they are so variable it's hard to put proper figures to these items.

Re: Running costs
 

That seems about right to me. There may be community fees on top. I pay 400 euros p.a. for a 2 bed flat with lift, visiting security but no pool.

Re: Running costs
 

Good numbers. My apartment in Frigiliana which was a big one bed was 275€ for IBI ( tax)
Basura was only 15€ both p.a.
Our Electric was less around 50€ pm
Insurance was only 120€
But the service charge, including water, was around 1000€ 2 pools and only 14 apartments in the complex.
So massive variations with location/facilities.

Re: Running costs
 

2 bed, 2 bath with A/c, telephone/internet, low community fees, taxes, bins etc....I budget a minimum of 3,000 euros p.a. before any usage costs

Re: Running costs
 

3 bed, 2 bath apartment (90M2). A/C, 8Mb internet, communal pool, garage parking: Alicante area, Owner non resident.

IBI = €165 year

Water & community fees (Pool + building insurance, no lift) = €640 year (Building is still on shared water....due to be changed soon)

Electric = Approx €60 per month when we're here and €30 per month when we're back in the UK

Banking = €96 per year!....non resident account with Sabadel

Internet = €24 month (you can arrange to turn off while you're away)

House insurance (contents&pipes) €220 per year

Non resident tax = €114

So, €2,243/year if we're here all the time :thumbsup: and €1,595/year if we stay in the UK :(

One way flights from €34.......Why stay in the UK?

Re: Running costs
 

Our total running costs for a large 2 bed duplex in a community with pool in Frigiliana come out at 1200 euros all in per annum, we're there approximately 12 weeks of the year.