Property Cost Calculator

How it works

Buying property in Spain is one thing - understanding what it costs to own it every year is another. Many owners budget 1%-3% of property value per year for running costs (excluding mortgage), but this varies widely by municipality, building fees, and property condition. For a EUR300,000 property, that may mean roughly EUR3,000-EUR9,000 per year before any mortgage payments. This tool breaks down every recurring cost - local property tax (IBI), non-resident income tax (Modelo 210), community fees, insurance, maintenance, and utilities. All calculations run in your browser. We do not store your inputs or share your data.

• ·IBI (Impuesto sobre Bienes Inmuebles) - Spain's annual local property tax, set by each municipality based on cadastral value
• ·Modelo 210 - non-resident income tax on imputed rental income, applicable if you are not a Spanish tax resident; this calculator uses the 1.1% imputed income base commonly used in recently revised areas
• ·Community fees - monthly charges for shared building or urbanisation maintenance
• ·Home insurance - home insurance isn't generally mandatory, but mortgages typically require property damage insurance
• ·Optional reserve (recommended) - an estimated annual allowance for repairs, shown separately and not included in the running total
• ·Utilities - electricity, water, gas, and internet standing charges; costs vary significantly by usage and municipality, and even second homes have fixed charges. Gas estimates assume minimal usage, so winter heating can increase costs significantly.
• ·Break-even rental analysis - estimates the nightly rate needed to cover your annual costs

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