Yearly Running Costs

A lot less than in Britain! The cost of running your property in Spain will depend largely on the size of the property you choose to purchase. A small bungalow on an urbanization with a community pool will be cheaper to run than a large individual villa with its own pool. To give you some idea, below is a breakdown of approximate costs for running a property costing around £185.000.

Fee

Description

Cost

Community Fee

Maintenance and running of swimming pool, grounds, gardening, street lighting, administration costs

£425

Local Rates

Refuse collection (daily), roads and pavements etc

£200

Water/Electricity

Standard charges paid by direct debit
(metered usage charges - dependent upon consumption)

£100

Property Insurance

Building and Contents Cover

£275

Fiscal Representative

Will look after your general paperwork and payments for taxes etc throughout the year

£100

TOTAL:

£1,100

Less than the cost of most council tax fees in the UK.