Annual Cost to Own a Home in Spain -
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- เผยแพร่เมื่อ 3 ธ.ค. 2022
- In this video I'll share what my annual costs of homeownership are in Spain. I'll cover taxes, tax prep fees, bank fees, utilities, and more.
👋 My name is Nicole and I created Travel to Money to help you learn about how to travel adventure and have fun on the road to financial independence. I have traveled the world, I own a couple of houses in Spain, and I’m on a creative journey to financial independence. I believe the road to financial freedom can and should be fun. I hope you’ll subscribe and join me on this journey, no matter where you are starting from.
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Disclaimer: I am not a financial advisor and all information in my videos is for entertainment purposes only. Before making any financial decisions, you should do your own research or consult a professional. Some links in this description may be affiliate links, which means I may receive a small commission if you use them. However, I only recommend products or services that I personally use and love. Thanks for helping to support this channel! - แนวปฏิบัติและการใช้ชีวิต
Great informational video.Just planing to buy a house in Valadolid for €4000,now its clear why so cheap,dodgy location,gypsy's,and thieves around.Before I will buy it fore sure I will sleep in front of it in the car for 2-3nights
Cool! Let me know how it goes!
Wish I had found you sooner. I’m going to binge watch everything. So thorough ,
Thank you so much for watching! I'm glad it's helpful! 🙂
What a great informative video! Thanks for posting
Thank you for watching! I'm glad it was helpful. 😊
Excellent video and very informative!
Thank you!
I loved the video with the step by step process. Thanks!!
Thank you so much for watching! 🙂
What a great vid! We are looking to buy a place in Spain, also. Looking at Almeria, and Alicante. Or further South.
Great video thanks
Thanks for watching!
Giday ... Thank you, excellent video.
love the content
Thank you! 😊
Love the video
Thanks for watching! 🙂
Thank you Nicole for another great video 😌
Hi Nazif! Hope you're doing well!
@@traveltomoney Thank you Nicole. I am doing well so far. I hope you are doing well, safe and healthy 😊
Thank you for your videos. They are great.
I particularly clicked on this one to know more about the taxes, as they are quite confusing. Being there local and national taxes. And then 2:10 happened. 😅
😂😂😅 Oh no! Hahaha! I'll see if I can get more information. Lol. Thanks so much for watching!
@Travel to Money
Great, thank you so much. And greetings from Germany. 🤗
Great video and very informative! Since living in Moraira/Benissa many years ago, my dream was to return one day and buy my own house but after watching your video, I feel that my dream will always be out of reach. There are just too many monthly expenses. I’m used to spending just €2k a year on rent in China. Interesting that there are so many Roma people living in Pego. Although I lived in Romania for some time and met a lot of Roma, most of my experiences with them were unfortunately not so positive despite my efforts to befriend them. Although China seems to dislike most foreigners nowadays, it might still be my best option if I can survive in Europe. I envy you so much.
Wow! Only $2k a year in China? I didn't realize living there could be so inexpensive. I'd imagine there are also areas in Southeast Asia like the Philippines, where you could rent for under $2k per year. What part of China? How was the quality of life?
@@traveltomoney Thank you so much for your reply! I discovered your channel through Karl. He inspired me to consider €1 homes in Sicily until he wound up in Pego. It seems any house there less than €20k at least needs a roof replacement. In 2001, I moved from Romania to Qingdao, China and ended up falling in love. The first apartment I rented only cost me about €1k a year but it was too small for my foxes and plants so i found a traditional house with courtyard just outside the city at the foot of a mountain, near the sea. I still rent it because I wasn’t able to find a way to get my fox out of China. For me, the quality of life was almost ideal except for the fact that I love Europe so much, especially that part of Spain. It’s always been my dream to live permanently in the EU. Due to the low cost of living in China, I was able to save enough to buy a house in Europe but after watching your video, I worry I will go through my savings too quickly. Still, I plan to visit the Costa Blanca soon, perhaps in October and I’ll keep an eye out for you. Cheers!
What I find interesting is how much your costs vary from ours. We live near Gandia. Our home is close to fifteen times the price of yours yet our property taxes are just a bit more than twice as much. We're paying about 45 Euro a month for property insurance. My last water bill was 500. I think it goes to show how much these things can vary.
Wow, that is very interesting! A 500 euro water bill is a huge difference! Thanks for sharing. 🙂
@@traveltomoney the water bill shocked me too. But my wife has a lot of plants and runs the irrigation more than I would.
Please activate the translation please
I'm looking to move my life to Spain... invaluable video. If you want to rent one of your homes let me know, I have references
I spent a couple of weeks in Benigembla this summer and we loved it. Do you offer any hand holding / coaching for a US buyer?
Hi Darryl, thanks for watching! Yes, I do offer coaching on my site, traveltomoney.com. There's been a lot of interest recently, so I'm working on other ways to provide assistance. 🙂
Where in Spain are the properties located? Can “zoom out” to autonomous region to keep private. Curious as an expat in Extremadura. Thanks!
Hi Tyler! My homes are in Pego, which is about a 25-minute drive inland from Denia, just between Alicante and Valencia.
How did you find the first house to buy on what publication?
Idealista.com 🙂
Hi, thank you for this video. I am considering buying a property in Spain, but I am afraid of OKUPAS. How do you protect your houses from these creatures?
It's good to have good bars on ground floor doors and windows. This is everywhere in Spain. Alarm systems and cameras are priced pretty reasonably. I'd also recommend getting to know your neighbors. My street has a WhatsApp group chat where everyone looks out for each others homes. I've only heard of this happening one time in the last 5 years in my town. I don't think it's quite as common as it's made out to be ... at least not in my experience.
Hello miss i live in Barcelona and have been thinking about buying a apartment somewhere around Barcelona but i am really confused about one thing
If i buy a casa i will have plot on my name como titular and whatever is on that plot but if i buy an apartment what the process i mean they wont give a piece land like they would if i buy a Casa so let's say something bad happen to my apartment how can i claim that i have been living in this place and someone ocupied it illegally or what if for what ever reason the building collapse godforbid what would happen than
Are the homeowners insurance, accountant, and bank fees optional? Also, what's the name of your internet provider? I'd like to avoid all that and as much as possible. Thanks for the video!
Is this the breakdown of annual costs for the €5k house?
This is on the $20k house.
Do you know what the short term rental demand will be for your area
Im curious about that too.
Hi there! In Spain, the demand for short term rentals seems to be very seasonal. Of course, if you price low, you can always have some business. The laws require registration with the government, a 24% tax rate on rentals, and a property manager has to meet each guest and register their passport, so there are definitely things to consider before starting a short term rental business. 🙂
@@traveltomoney that’s interesting. It makes sense that vacation rentals would be seasonal and wow! Good to know about the tax!! I spent 3 weeks in Spain last year and we weren’t met by a host at a each vacation rental so I’m sure there are some work arounds, just like in the US. I understand you’re merely stating what the laws are.
Hi can I ask you a question please
Thanks . It looks like they rip off people. Person has to pay for water he did not use and for electricity he did not use. I can imagine how much would one had to pay if he bought a house for 80 000. For 15000 euros I can go to Spain for holidays 3 times. Thanks again for your job but looks like I finish dreaming about the house in Spain.
would you let digital nomads stay in the house? where is this house located again?
Yes, I'll probably end up offering a cheap rental for digital nomads. Something like $100 per week to cover my costs, but hopefully affordable. 🙂
It would be beneficial for the viewers to stop and breathe frequently. The constant talking is irritating.