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Thread: What is the cost of owning property in Tenerife?

  1. #1

    What is the cost of owning property in Tenerife?

    Hi,

    What is the cost of owning a 2 bedroom apartment i.e.
    - Will I have to pay property tax and how much?
    - How much are standing charges for electricity?
    - Are apartment management fees expensive?
    - Are there water or refuse charges?
    - Are there any other local taxes or charges?

    Thanks
    Hugh

  2. #2

    Re: Cost of owning property in Tenerife

    A will range from approx £1000 to £2000 - a year depending where it is and what facilities that's minimum

  3. #3

    Re: Cost of owning property in Tenerife?

    For me for a 5 bedroom house

    400 euro a year internet
    550 insurance
    600 taxes ( according to the last owner)
    electric last month was 105 euro

    not sure about refuse collection. I guess admin fees for pool etc would be between 50-100 a month.

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