Expenditures for property in Spain is cheaper than in other European countries.
Property owners pay for the use of common areas (Comunidad), a part of their building or complex: entrances, elevators, corridors, green areas, swimming pools. This payment is called Comunidad and is divided among all the inhabitants, depending on the number of zones and the size of each property owner. Comunidad ranges from 10 to 120 euros per month and is payable annually or 1 times 1 time in 3 months. It is calculated that the estimated amount for a 2 bedroom apartment is 240 euros per year, 3 months about 70 euros. Payment of income tax for foreigners and Comunidad directly charged to personal bank account of the property owner automatically.
Property insurance is mandatory if the property is purchased on credit. Payment of insurance is made once yearly. If the buyer does not use a mortgage, he is not obligated to insure the property. All payments are made automatically. Property owners must make sure that his credit account at his Spanish bank is always the correct necessary amount. Overdue bills are paid manually and if the payment delayed longer, it comes with a fine.
Yearly, property owners pay an income tax (Suma). The income tax for foreigners. It is based on the cadastral value of property, which ranges from 0.26 to 0.48%. The average income tax rate is 250 euros per year.
Payment for electricity includes a mandatory monthly fee of 15.84 euros for 2 months. Added to this amount is the meter reading
Phone is paid monthly. If necessary, you can connect online, which costs 18 euros per month. Payment depends on the speed and the service carrier offering the Internet services. Price for high-speed channel within 40 euros, the average price for 3 - 6 mb is 23 euros.
Payment for water consists of a mandatory subscription fee is 15 euros for 3 months. On this amount is also added the meter reading. The total amount withdrawn from your bank account once in 3 months.
With gas heating, their is a contract nedeed to deliver 1 - 2 gas cylinders to your home. The cost of this contract is from 42 to 66 euros. Replacing the gas cylinder costs 7 euros. You can go to the gas station and buy your own bottle for 17.50 euros. If you use a gas stove, then everyday use of the bottle lasts for 2 - 3 months. For gas heater, so-called "Estufa" cylinders have to be changed necessaryly monthly.