The annual costs of running a property in Spain
The following is a guide to the approximate costs of running a property in Spain. It is assumed that the value of the property is 120,000 euros. Only the standing charges are assumed for the utilities, as when you are staying in Spain, you will not be using these services back in the UK. Water and electricity are about the same price here as they are in the UK. All costs can vary, and this is only a representative example.
| Item | Amount |
|---|---|
| Urbanization Fee | 450 |
| Property Tax | 250 |
| Contribution Urbana | 200 |
| Insurance | 125 |
| Fiscal Representative | 125 |
| Utility Standing Charges | 120 |
| Total | 1270 |