{"id":32977,"date":"2025-08-08T12:34:11","date_gmt":"2025-08-08T10:34:11","guid":{"rendered":"https:\/\/www.confianz.be\/?post_type=podcast&#038;p=32977"},"modified":"2025-08-22T08:18:49","modified_gmt":"2025-08-22T06:18:49","slug":"what-are-the-annual-costs-of-a-second-residence-in-spain","status":"publish","type":"podcast","link":"https:\/\/www.confianz.be\/en\/podcast\/wat-zijn-de-jaarlijkse-kosten-van-een-tweede-verblijf-in-spanje\/","title":{"rendered":"What is the annual cost of a second residence in Spain?"},"content":{"rendered":"<p>Besides the purchase price and cost of buying a second residence, there are annual costs you need to consider. Find out which costs are unavoidable, which ones you often forget and get a concrete calculation example so you are perfectly prepared.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Listen on <a href=\"https:\/\/youtu.be\/ROMVAxMv4PM\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/youtu.be\/ROMVAxMv4PM\" rel=\"noreferrer noopener\">Youtube<\/a>, <a href=\"https:\/\/open.spotify.com\/episode\/1hkIzZ6oC8e3qzG0S4jsOU?si=wvT6WfGjTLKJ0dzGGTVBeg\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/open.spotify.com\/episode\/1hkIzZ6oC8e3qzG0S4jsOU?si=wvT6WfGjTLKJ0dzGGTVBeg\" rel=\"noreferrer noopener\">Spotify<\/a> or <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/wat-zijn-de-jaarlijkse-kosten-van-een-tweede\/id1819117882?i=1000721151969\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/podcasts.apple.com\/us\/podcast\/wat-zijn-de-jaarlijkse-kosten-van-een-tweede\/id1819117882?i=1000721151969\" rel=\"noreferrer noopener\">Apple Podcasts.<\/a><\/h4>\n\n\n\n<p><strong><a href=\"https:\/\/www.confianz.be\/en\/annual-costs\/\" rel=\"noreferrer noopener\" target=\"_blank\">Read more about the annual cost of a second residence.<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The 3 Big, Inevitable Costs<\/strong><\/h3>\n\n\n\n<p>Glenn breaks down annual costs into three main categories:<\/p>\n\n\n\n<p><strong>1. Local taxes (Municipality)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IBI (Impuesto sobre Bienes Inmuebles):<\/strong> Spanish property tax. This is an annual tax to the municipality, calculated on the basis of the cadastral value.\n<ul class=\"wp-block-list\">\n<li><strong>Estimated cost:<\/strong> \u20ac300 - \u20ac800 a year for an average flat.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Basura (Waste fee):<\/strong> Public waste disposal tax.\n<ul class=\"wp-block-list\">\n<li><strong>Estimated cost:<\/strong> \u20ac120 - \u20ac180 per year.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>2. National Tax for Non-Residents (State)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IRNR (Impuesto sobre la Renta de no Residentes):<\/strong> An income tax for owners not resident in Spain. Here are two scenarios:\n<ul class=\"wp-block-list\">\n<li><strong>Scenario 1: You do NOT rent out the property.<\/strong> You pay 19% tax on a \"notional\" benefit (1.1% or 2% of the cadastral value).\n<ul class=\"wp-block-list\">\n<li><strong>Estimated cost:<\/strong> \u20ac200 - \u20ac450 per year.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Scenario 2: You DO rent out the property.<\/strong> You pay 19% tax on the <em>net<\/em> rental income. As an EU resident, you are allowed to deduct expenses (IBI, maintenance, insurance, etc.). For non-EU residents, it is 24% with no deductible expenses.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong><a href=\"https:\/\/www.confianz.be\/en\/spanish-taxes-on-rental-income-vat\/\" rel=\"noreferrer noopener\" target=\"_blank\">Read more about Spanish national taxes for non-residents.<\/a><\/strong><\/p>\n\n\n\n<p><strong>3. Community charges (Comunidad de Propietarios)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Mandatory contribution if your property is part of a complex with common parts (swimming pool, lift, garden). This covers the maintenance of these facilities.\n<ul class=\"wp-block-list\">\n<li><strong>Estimated cost:<\/strong> Can vary greatly, from \u20ac80\/month to \u20ac250+\/month. Always check before buying!<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong><a href=\"https:\/\/www.confianz.be\/en\/joint-owners-association-in-spain\/\" rel=\"noreferrer noopener\" target=\"_blank\">Read more about a Spanish co-owners' association here.<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ongoing Costs: Utilities and Insurance<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Utilities (Suministros):<\/strong> Water, electricity, gas, internet.\n<ul class=\"wp-block-list\">\n<li><strong>Important tip:<\/strong> You always pay a standing charge, even if you consume nothing. So your bill is never \u20ac0.<\/li>\n\n\n\n<li><strong>Estimated fixed costs:<\/strong> Expect at least \u20ac40 - \u20ac60 per month.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Fire insurance (Seguro de Hogar):<\/strong> Not always required by law, but essential for your peace of mind. Covers fire, water damage, theft and liability.\n<ul class=\"wp-block-list\">\n<li><strong>Estimated cost:<\/strong> \u20ac250 - \u20ac400 a year for good coverage.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The \"Forgotten\" Cost<\/strong><\/h3>\n\n\n\n<p>Costs that are often overlooked but important to budget for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pot for maintenance and repairs:<\/strong> For a leaking tap, a faulty air conditioner or paintwork.<\/li>\n\n\n\n<li><strong>Keyholder \/ Property Manager:<\/strong> Someone on site to check your mail, check the house and let technicians in.\n<ul class=\"wp-block-list\">\n<li><strong>Estimated cost:<\/strong> \u20ac300 - \u20ac500 per year.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Costs for a Spanish bank account. We advise against opening a Spanish bank account.<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Calculation example: Flat of \u20ac250,000 (Unlet)<\/strong><\/h3>\n\n\n\n<p>How much does a \u20ac250,000 flat cost per year? A rough estimate:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IBI and Basura:<\/strong> \u20ac550<\/li>\n\n\n\n<li><strong>IRNR (non-resident tax):<\/strong> \u20ac300<\/li>\n\n\n\n<li><strong>Comunidad (average):<\/strong> \u20ac1,440 (\u20ac120\/month)<\/li>\n\n\n\n<li><strong>Insurance:<\/strong> \u20ac300<\/li>\n\n\n\n<li><strong>Utilities:<\/strong> \u00a3300 \u2013 \u00a3400<\/li>\n\n\n\n<li><strong>TOTAL:<\/strong> <strong>Approximately \u20ac2,990 per year<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong><a href=\"https:\/\/www.confianz.be\/en\/faq\/what-are-the-annual-costs-of-a-second-residence-in-spain\/\" rel=\"noreferrer noopener\" target=\"_blank\">Find a detailed overview of the annual cost of a second residence here.<\/a><\/strong><\/p>\n\n\n\n<p><strong>Rule of thumb:<\/strong> Budget approximately<strong> 1% to 1.5% <\/strong>of the purchase price for fixed costs.<\/p>","protected":false},"author":2,"featured_media":32978,"template":"","podcast-onderwerp":[942,940],"class_list":["post-32977","podcast","type-podcast","status-publish","has-post-thumbnail","hentry","podcast-onderwerp-praktische-informatie","podcast-onderwerp-vastgoed-kopen-in-spanje"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/podcast\/32977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/podcast"}],"about":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/types\/podcast"}],"author":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/users\/2"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media\/32978"}],"wp:attachment":[{"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/media?parent=32977"}],"wp:term":[{"taxonomy":"podcast-onderwerp","embeddable":true,"href":"https:\/\/www.confianz.be\/en\/wp-json\/wp\/v2\/podcast-onderwerp?post=32977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}