About company Contacts Overseas property Spain Bulgaria Montenegro Czech Greece Hungary Thailand Dominican Republic Real estate catalog Why Costa Blanca Why Barcelona Mortgages in Spain and purchase costs The procedure for buying real estate in Spain Property maintenance costs How to get a residence permit in Spain Sample contract Frequently asked Questions Residence permit for illegal immigrants news FREE EDUCATION ABROAD! IS IT POSSIBLE? RENT AN APARTMENT IN BULGARIA FOR SUMMER NEW RULES FOR REGISTRATION OF VISAS FOR SCHENGEN COUNTRIES What awaits Russians who buy real estate in Turkey Analytics of prices for foreign and Russian real estate Weather in Kislovodsk Weather Sochi (Adler) Weather in Dombai Weather in Pyatigorsk Weather in Barcelona Weather in Alicante Weather in Malaga Weather in Varna Weather in Burgas Weather in Sunny Beach Weather in Budva Weather in Herceg Novi Weather in Budapest Weather in Heviz Weather in Prague Weather in Thessaloniki Weather in Pattaya Gismeteo Forecast for 2 weeks Property maintenance costs The costs associated with the maintenance of real estate in Spain are small and of them the following can be distinguished: • utility bills • insurance • real estate tax 1. The annual amount of real estate tax in Spain depends on the region and is approximately 0.3-0.5% of the cadastral value of the object. 2. Payment for living in an urbanization (cleaning the territory, cleaning the pool) - 150-300 euros per year. 3. Payment for water consumption: 0.4-0.8 euros per cubic meter. with VAT (the cost depends on the amount of water consumed) 4. Electricity: 0.09 euros per kW / hour with VAT 5. Gas: 7 euros per bottle. Gas heating is used only in the northern parts of the Mediterranean. 6. Phone: around the city 0.03 euros per minute 7. Garbage collection. Garbage collection fees are not charged in some municipalities. If the property is included in a condominium, the garbage collection fee is included in the monthly maintenance fee for the condominium. For detached houses that do not form a condominium, it is about 30-50 euros per year. Expenses for a family of three can range from € 100-150 per month 8. Insurance premiums. Property insurance in Spain is optional. If the object is purchased with a mortgage loan, insurance for the amount of the mortgage loan is compulsory. The annual payment under the insurance contract is approximately 0.1-0.15% of the insured amount. Taxes at the conclusion of the transaction The purchase of real estate in Spain is subject to the following taxes and fees. When buying a resale property, a transfer tax (ITP) is charged. Its size changes periodically and depends on the region of Spain. 8%. Municipal tax (tax on the increase in the value of land). The taxable base is the difference between the current transaction price and the cost at which the living space was assessed by the State. On average, in various cities in Spain, the rate averages 8% of this amount. Additional expenses for the purchase First of all, additional expenses include the services of a notary. Their value largely depends on the type of deed, the value of the transaction, the presence or absence of a mortgage. On average, it is 800-1000 euros. Further, the registration of the property in the Property Register. Its rate depends on the value of the registered object and, as a rule, does not exceed 1% of the amount specified in the submitted documentation. Expenses for the maintenance of real estate The municipality of the city issues the following invoices to the owner of the real estate at strict intervals: - for the payment of real estate tax IBI. It is approximately 1% of the cadastral value of the property and is charged once a year. These funds are directed to the city treasury and are used to improve the city. The exact amount of tax depends on the cadastral value of the property and the region of Spain. Foreigners who do not reside permanently in Spain are subject to a capital tax (Impuesto Extraordinario Sobre el Patrimonio) annually. The amount of this tax is regulated by the authorities of each of the Spanish autonomies, and can range from 0.2% of the cadastral value of real estate. Utility payments are also required. Their amount is determined by the partnership of owners and depends on the number of owners, the size and quality of communal property, the presence or absence of a swimming pool, tennis court, etc. Utility costs for the maintenance of real estate in order are mandatory even if the owner of the real estate does not live in it most of the time. Property For Sale A non-resident selling his home in Spain is subject to Capital Gains Tax, the maximum rate of which is 19% of the difference between the sale and purchase price. If a foreign citizen permanently resides in Spain and the entire amount earned from the sale of real estate, he intends to invest in a new living space, capital gains tax is not levied. A foreign citizen who is legally in Spain for more than 183 days a year or has a work permit in Spain is considered a resident of a country. Estimated maintenance costs for an apartment of 100 sq. meters are 600-800 euros per year. © 2009 "Monopole Plus" Heviz, + (36) 702 999 040 Moscow, 2nd Baltic lane 3 a (495) 125-10-72 Volgograd, st. Kommunisticheskaya, 19 d, office 436 (8442) 51-52-05 Volgograd, 51 Guards, 46 , 8-927-511-52-05 Site development - INTERVOLGA Internet agency Contacts Authorization