Urbanization and Community Fees

Covers the operation and maintenance costs of shared facilities such as stairs/elevators, gardens and swimming pools. Costs vary considerably.

Local taxes

All non-residents have to pay wealth tax, 'Patrimona'. 0.2% is typical.

Property tax

The local town hall charges an annual property tax called IBI (Impuesto Sobre Bienes Inmuebles). This tax varies.

Insurances

Fire insurance is compulsory by law when taking out a mortgage. Comprehensive household insurance is available to protect your home and contents. Holiday Homes Overseas specializes in insuring homes abroad; this way you can bypass local insurers. Otherwise, ask your current home insurer if they insure property abroad.

Water and electricity

Utilities have a standing charge and are similar to costs in other countries.

Tax on rental income

Tax is paid on the declared income from the property and your rental income must also be declared to the Inland Revenue in your own country.

Trash

In some areas you will have to pay the Basura separately, in Barcelona it is normally included in the IBI.