Real estate maintenance costs

Real estate maintenance costs

Real estate maintenance costs include:

-Annual Property tax, which is calculated as 0.33% of the cadastral value. The cadastral value calculates the Municipality, it is usually below market value. Taxes varies between 50 euros per year;

-Monthly or annual maintenance costs of apartments or villas depend on the infrastructure of complexes where they are located. They include cleaning, lighting in shared areas, pool service, sauna and fitness centre maintenance and so forth;

-Payments for electricity and water, which are paid based on meter readings. Average electricity charges -20-80 euros.Payments for water is about 10 euros. Gas charges -28 euros.

There are additional costs of maintaining the property, such as insurance against earthquake, fire, flood and other risks-about 100 euros.