Could any one please tell how much would be annuel taxes and variable costs (approximately) for an appartement worth €100’000 in the center of Barcelona or any other similar cities?
1 – Income tax for non-residents (IRNR) = €250 (I have this figure)
2 – Wealth tax : less than €700,000 = €0 (I have this figure)
3 – Municipal property tax (IBI) = ?
4 – Other taxes (rubbish collection) = ?
5 – home insurance?
6 – Electricity, water, heating for one person = ?
7 – Maintenance, service charges = ?
8 – Any other taxes= ?
Can’t help with Barcelona, but for my 3 bed apartment in Andalucia
1 – Income tax for non-residents (IRNR) = €250 (I have this figure)
2 – Wealth tax : less than €700,000 = €0 (I have this figure)
3 – Municipal property tax (IBI) = 500
4 – Other taxes (rubbish collection) = 200
5 – home insurance? = 300
6 – Electricity, water, heating for one person = Possibly around 1200???
7 – Maintenance, service charges =
8 – Any other taxes= ?
Thanks for the response. Therefore if we add another 1’200 Euros for maintenance / service charges, the total property expenses will mount approximately to 3’650 Euros per year for a non resident and a 100’000 Euros worth appartment. So for 6 months living in Spain, the cost will be 600 Euros per month plus depreciation / amortization of your investment. Well Spain is not that cheap any more.
Thanks for the response. Therefore if we add another 1’200 Euros for maintenance / service charges, the total property expenses will mount approximately to 3’650 Euros per year for a non resident and a 100’000 Euros worth appartment. So for 6 months living in Spain, the cost will be 600 Euros per month plus depreciation / amortization of your investment. Well Spain is not that cheap any more.
Cheers
jp1 quotes 100€ per month. I would aswell. But I live with my partner and 2 children (young). as you can imagine with young children you bills tend to be high. Yet my bills tend to be about 100€
By IBI is about 550,
Basura, 90€
maintenace/service charge in my case 80 per month. But depending on the community and what it offers it could be 20€ per month or run into the hundreds.
But as you are looking/thinking about buying in a major metropolitan area, I would assume your local taxes could be quite a bit higher.
Thanks for the response. Therefore if we add another 1’200 Euros for maintenance / service charges, the total property expenses will mount approximately to 3’650 Euros per year for a non resident and a 100’000 Euros worth appartment. So for 6 months living in Spain, the cost will be 600 Euros per month plus depreciation / amortization of your investment. Well Spain is not that cheap any more.
Cheers
I live with my partner and 2 children (young). as you can imagine with young children you bills tend to be high. Yet my bills tend to be about 100€.
By IBI is about 550,
Basura, 90€
maintenace/service charge in my case 80 per month. But depending on the community and what it offers it could be 20€ per month or run into the hundreds.
But as you are looking/thinking about buying in a major metropolitan area, I would assume your local taxes could be quite a bit higher.
Hi,Josef
I note that you are inquiring about household expenses in Barcelona or similar cities
My Spanish Property is located 90mins from Barcelona in a beatiful,well run city with wonderful amenities(it is a hidden jewel,we wish to keep it that way,wild horses would not drag the name of city from me)
My property is a top floor one-bedroom 40 sq metres flat in a converted house(no lift)in a dream location in the city centre,with 6 flats in total ,2 on each floor
I use it for 4-5 months each year,generally between March and October
My running costs are under €2,000 a year,as follows
1.Electricity €320 per annum
2.Water charge €150 pa
3.IBI €95 pa
4.Refuse €122 pa
5.Orange broadband,Tv,phone €500 pa
6.Community charges €120 pa(not a typing error!)
7.Community insurance €100pa
8.Private contents Insurance €150
9.Bank charges €50
10.IRNR+solrs fee €150
I purchased for €120k in June 2007-I estimated at the time that a similar property in Barcelona would have cost about €230k
I am a single male individual (retired )
Some of these charges are low(no lift to maintain,valor catastral not recently revised)but if you buy carefully it should be possible to get away with annual running costs of €2,500 region in a city near Barcelona-(6 months usage) -running costs in Barcelona itself could be very high
Even in the present difficult situation I would be astounded if €100k would get you anything acceptable in Barcelona
It would,however,secure you a very nice apartment in a city in Catalonia,offering a very good quality of life and easy access to the great city when desired
This website uses cookies to improve your experience. If you continue to use the website you agree to our use of cookies. You can find out more here. Accept
Cookies
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.