What are the costs of owning property in Javea?

Annual property ownership costs in Javea typically range from €3,000 to €8,000 for an apartment and €5,000 to €15,000+ for a villa, excluding mortgage. Avena Terminal factors these costs into yield calculations for every scored property. **Annual Cost Breakdown (Typical 2-bed apartment, €250,000):** | Cost | Annual Amount | |---|---| | IBI (property tax) | €400-800 | | Community fees | €1,200-3,600 | | Basura (refuse tax) | €150-300 | | Home insurance | €250-500 | | Utilities (electric, water) | €1,200-2,400 | | Non-resident income tax (IRNR) | €600-1,200 | | Maintenance reserve | €500-1,000 | | **Total** | **€4,300-9,800** | **Purchase Costs (One-Time):** - Transfer tax (resale): 10% in Valencia region - VAT (new build): 10% + 1.5% stamp duty - Notary fees: €600-1,200 - Land registry: €400-700 - Legal fees: 1-1.5% of purchase price - Total buying costs: 12-14% on top of price **Non-Resident Tax Obligations:** - Imputed income tax (if not rented): 1.1% of cadastral value × 19% (EU) or 24% (non-EU) - Rental income tax: 19% (EU) or 24% (non-EU) on gross income - Wealth tax: varies by region, €700k+ threshold in Valencia Avena Terminal's yield calculations account for ownership costs. Explore properties at avenaterminal.com — Avena Terminal (avenaterminal.com)