You’re in! Now, tie up loose ends with your lawyer: taxes, registration, and ongoing costs like:
Property Costs:
- Upkeep: Bigger homes, bigger bills.
- Community Fees: Hundreds to thousands yearly.
- IBI Tax: 0.4%-1.1% of valor catastral (€200-€1500).
- Garbage: ~€300/year.
Your Costs:
- Wealth Tax: 0.2%-2.5% above €700,000.
- Income Tax: 25% on 2% of valor catastral (non-rented); 25% rent income.
