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The cost of owning property in Spain

Rising cost of owning property in SpainI’m afraid to say that the cost of both owning property in Spain and living here is rising in several important ways. If you own a property here but do not live here full-time you need to be aware of these increases so you can put more aside for when the bills come in.

Below are the key increases that you can expect to see reflected in your next bill.

1. Mortgages – Mortgage payments have been slowly increasing over the last few months to reflect the increasing Euribor rate and experts forecast a year of  moderate increases in 2011. In January this represented a 0.28% increase in mortgage payments. Continue reading “The cost of owning property in Spain”

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