The main ongoing costs include:
- IMI (property tax): ~0.3% of the property’s patrimonial value. In real terms you can expect to pay between €400-500 per year for property with a market value of €500k.
- Utilities (varies by property size)
- Maintenance (varies by size, age, and facilities)
- TV/Internet: ~€360 per year
- Condominium fees (if applicable): €30 to €500 per month, depending on facilities. An average 2 bed apartment in a condominium with a pool typically would pay around €120 per month. If there is no pool, you will often be closer to paying €40 per month.
