This series examines the costs involved in buying and owning a typical property abroad in our most favoured locations. Following a villa in Cyprus, we take a look at an apartment in Spain.
The property
This large, fully furnished three-bedroom, two-bath apartment is frontline beach on the Costa Blanca.
With a stunning terrace, it’s located in Mil Palmeras, a coastal resort on the Orihuela Costa, 40 minutes from Alicante airport. Located in a secure community with two parking spaces and a tourist licence.
How much are buying costs in Spain?
| Cost | Amount |
|---|---|
| Asking price | €450,000 |
| Legal fees (maximum 1% plus VAT at 21%) | €5,445 |
| Title deed, Land Registry and Notary costs | €4,500 |
| Purchase tax (9% in Valencia region) | €40,500 |
| Total fees | €50,445 |
| Total acquisition cost | €500,445 (£430k) |
And how much will this property cost to run?
Costs are estimates, per year:
| Running cost | Annual cost |
|---|---|
| Council tax including rubbish collection | €518 |
| Sewage tax | €300 |
| Water | €240 |
| Electricity (depending on usage) | €960 |
| Community fees | €1,284 |
| Internet | €288 |
| Total per year | €3,590 (£3,101) |
Information provided by Your Dream Home Spain.
Thinking about buying in Spain?
Whether you’re looking for a lock-up-and-leave apartment or a frontline beach property, understanding the ongoing costs is just as important as the purchase price.
🔍 Search for properties in Spain
📘 Download our free Spain Buying Guide
🌍 Find out more about buying property in Spain
