Costa Blanca Villas For Sale

Costs of buying and maintaining a second home in Spain

Having a second home is a goal that many families are raised. And summer can be a good time to choose that dream home.

In fact, according to a survey by the European Central Bank (ECB), the Spanish are the Europeans most houses have.

But as with any purchase must face a series of fixed and variable costs. And it is not gold that glitters, real estate investment is characterized by illiquidity and more in times of crisis.

Mortgaged to buy property

For starters, buying a second home, either on the beach or mountain, is a major outlay or resort to a mortgage loan. In the latter case, the amount that financial institutions tend to finance around 60% of the appraised value. Obviously, a beach house also has cheaper and now prices after the crisis, which in some areas have fallen almost 50% from highs.

This indicates that to buy and maintain a second residence must be from a comfortable economic situation because the acquisition a series of overhead meet. In return, either purchased, at a low point in the housing cycle can provide significant gains in the future or get some return for rent during the time that is not used. In addition to that many people buy thinking about retirement.

Taxes Cart

If the home is second hand, is subject to Transfer Tax (ITP) ranging between 6 and 10%, depending on each autonomous community. If new leads VAT is 10%. This is coupled, notary, registration, agency, etc.

So far the process is similar to buying a primary residence, but with the difference that much of the year is free, although its maintenance is needed.

According to the OCU, maintain a second home on the Spanish coast costs an average of nearly 1,800 per year and community fees become one of the most important chapters.

Fixed costs

  • Community neighbors if the property is in a suburb
  • Minimum light or water ... (although it is not used), plus consumption
  • Property Tax (IBI)
  • garbage collection tax if any
  • House insurance
  • Other disbursements
  • Mortgage. If that has financed the purchase
  • You spill if needed
  • Costs pool, lifeguard, gardener, if urbanization had it
  • Declare personal income tax

    The second residence is taxed on the income statement. It is in the section allocation of property income. To declare income equivalent to 2% of the cadastral value of the property (1.1% if the rateable value was revised after January 1, 1994). The percentage allocation in income tax on secondary property whose assessed value has not been revised in 10 years has risen from 1.1% to 2%. Obviously this is always declares that it is not rented and for personal use.

    With all this and once the sum of all expenses, the economic situation of each family and their interests will mark the guidelines to buy a second home or not.

    Complete Spanish Property, Costa Blanca Villas For Sale.

    As an independent real estate company, at Complete Spanish Property we pride ourselves on a relaxed, welcoming approach to property, allowing our client´s to not feel daunted by the process but to ensure they have an understanding of what is needed and when.

    During the time the Company has been in business, we have developed some excellent relationships with solicitors, mortgage brokers, builder´s, currency exchange companies and much more to allow our client´s to have every angle covered once they have found the right property. We guide and assist you through the whole process and once our clients become owner´s we are always there to offer our help and assistance afterwards.

    Found 49 Properties
    Remove from favorites

    Ref: CSPH-92187

    Villa · Resale · Costa Blanca South · Campoamor

    179.995€

    This fantastic 2 bedroom, 2 bathroom detached villa is located in Campoamor and is within easy reach of all the local amenities, shopping mall, cafe bars, restaurants, beaches and several golf courses. Situated in a quiet gated development this property is comprised of a front terrace, a private swimming pool with terrace and steps up to a...

    78m2 Built · 211m2 Plot · 2 Bedrooms · 2 Bathrooms · Pool


    Remove from favorites

    Ref: CSPQ-84635

    Villa · Resale · Costa Blanca South · Campoamor

    179.995€

    A fantastic two bedroom, two bathroom detached villa with private swimming pool (8mx3m), located in Campoamor and is close to the beaches, golf courses and all amenities. The villa sits on a plot of 211m2 and has living space of 78m2 and is being sold fully furnished. The villa has two bedrooms, two bathrooms, living / dining area, kitchen and...

    78m2 Built · 211m2 Plot · 2 Bedrooms · 2 Bathrooms · Pool


    Remove from favorites

    Ref: CSPH-47127

    Villa · Resale · Costa Blanca South · Campoamor · Dehesa de Campoamor

    182.000€

    This 3 bedroom, 1 bathroom semi detached villa is located in a beautiful residential area within walking distance of all amenities and fantastic Blue Flag Beaches. Viewing is highly recommended. This villa is comprised of a spacious lounge/diner with open fire, a separate kitchen with access to rear utility space, master bedroom with dual...

    90m2 Built · 230m2 Plot · 3 Bedrooms · 1 Bathrooms · Pool


    Remove from favorites

    Ref: CSPH-34201

    Villa · Resale · Costa Blanca South · Campoamor · Dehesa de Campoamor

    189.995€

    This Immaculate 4 bedroom, 2 bathroom semi-detached villa is situated in a desirable location, in a peaceful residential setting, just 500 metres from the beautiful beach. A good selection of amenities and the lovely marina are all within walking distance. The ground floor of the property consists of a very spacious lounge/diner with patio...

    90m2 Built · 4 Bedrooms · 2 Bathrooms ·


    Remove from favorites

    Ref: CSPH-51509

    Villa · Resale · Costa Blanca South · Campoamor

    229.995€

    This immaculate and very stylish 3 bedroom, 2 bathroom detached villa sits in a commanding position on this small development, overlooking the stunning communal pool. A good selection of amenities are within walking distance, and the property is sandwiched between the excellent golf courses and the blue flag beaches. The ground floor of the...

    150m2 Built · 3 Bedrooms · 2 Bathrooms · Pool


    Remove from favorites

    Ref: CSPH-65590

    Villa · Resale · Costa Blanca South · Campoamor

    235.000€

    This spacious 3 bedroom, 2 bathroom detached villa is located in Campoamor between the beaches and the golf courses and within easy walking distance to all the local amenities, restaurants and cafe bars. Situated in a quiet residential area on a very large corner plot this property comprises of a large porch with door to the entrance hall,...

    110m2 Built · 500m2 Plot · 3 Bedrooms · 2 Bathrooms · Pool


    Remove from favorites

    Ref: CSPH-67851

    Villa · Resale · Costa Blanca South · Campoamor · Dehesa de Campoamor

    239.000€

    Reduced from €350,000 to €295,000. This fantastic "designer" 2 bedroom, 2 bathroom semi-detached bungalow is located in Dehesa de Campoamor and is just an few minutes walk to the beautiful sandy beaches. Situated in a quiet residential development this property comprises of a covered entrance porch, spacious lounge/diner, an independent...

    115m2 Built · 247m2 Plot · 2 Bedrooms · 2 Bathrooms · Pool


    Remove from favorites

    Ref: CSPZ-86929

    Villa · Resale · Costa Blanca South · Campoamor

    249.000€

    - LUXURY DETACHED VILLAS - SMALL DEVELOPMENT OF 31 VILLAS - 3 BEDROOMS 3 BATHROOMS - PRIVATE 6X3 POOL - EXCELLENT VALUE - CLOSE TO AMENITIES - CLOSE TO 4 GOLF COURSES

    3 Bedrooms · 3 Bathrooms ·


    Remove from favorites

    Ref: CSPH-75684

    Villa · Resale · Costa Blanca South · Campoamor

    259.995€

    This very well presented 2 bedroom, 2 bathroom villa is located in Campoamor between the beaches and the golf course and is within easy walking distance to a good selection of cafe bars, restaurants and shopping facilities. Situated in a quiet cul-de-sac this property is comprised of a large porch with door to the entrance hall, an spacious...

    100m2 Built · 550m2 Plot · 2 Bedrooms · 2 Bathrooms · Pool


    Your property experts
    in Costa Blanca and Costa Cálida

    Sign up our newsletter


    2017 Complete Spanish Property © 2017 ● Design: MediaelxLegalPrivacyWeb map