GENERAL INFORMATION
ANNUAL RUNNING COSTS
The costs are considerably lower than the
U.K and depend on the size and the occupancy of the property.The following
costs are an aprox guide of running costs based on an average 2 bedroom property.
Annual running costs chart based on an average 2 bedroom property. |
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| Standing charges for water |
67 € |
£42.88 |
| Standing charges for electric |
108 € |
£69.12 |
| Local rates |
102 € |
£65.28 |
| Building and contents insurance |
150 € |
£96.00 |
| Telephone |
132 € |
£84.48 |
| Cable television |
156 € |
£99.84 |
| Patrimonial tax |
210 € |
£134.40 |
| Spanish fiscal representation | 91 € |
£39.04 |
MEDICAL
National Medical Health Care
When visiting Spain on holiday
You will require a European Health Insurance Card (EHIC). This has replaced the old E111 form. These documents will ensure citizens of the European union will receive medical assistance whilst visiting Spain, however, they can only be used for emergencies.
If you have any long term illnesses you will be able to receive treatment, at a cost, being aUK resident.
If you require scheduled treatment you will also need to obtain an E112 form.
Permanent residence in Spain
If you are under the age of retirement, i.e. 60-65 years, you will be able to obtain up to two years health cover, providing you have recently paid social security in the UK and can obtain the E-106 form.
If you are of retirement age, you will automatically be covered by an E-121, both for yourself and partner; this also applies to under retirement aged partners as long as they have an inclusion sent by the UK.
These documents will have to be registered in Orihuela or Elche.
Private Health Care
Prices start from 585 euros per year up to 865 euros for the retirement age group, offering many types of policies to suit the individual, being extremely good and complete.
This is something your Solicitor or Fiscal representative could advise you on.
EDUCATION
Spanish schooling is excellent
and of a high standard. For those of you with your children it is best to
move them straight into a Spanish school where they will be taught English
as a second language and very quickly they will be speaking Spanish. There
are plenty of private and European schools in close proximity. All local
Schools provide a free bus service, collecting and returning your children
to a number of bus stops on the urbanization. As with English schooling,
education is a priority and all subjects are taught: Spanish, English, Maths,
Geography, History, Music, Physical education… A canteen allows your
children to eat, providing a wonderful Mediterranean diet. Children are also
encouraged to take part in local fiestas, this gives them a great deal of
fun and excitement, and it gives you the parents the joy of watching them
integrate easily into the local community.
WEALTH TAX & RATES
This is a
yearly tax paid by non-residents. Your solicitor will see that it is paid
on your behalf.
FISCAL REPRESENTATION
As a non-resident you are required to
have a fiscal representative. Your representative will take care of all your
fiscal and legal obligations, leaving you to sit back, relax and enjoy life.RESIDENCEIf
and when you wish to become a resident, your fiscal representative will apply
for all the relevant paperwork and take care of any legal matters.PETSIt
is possible to bring your pets with you; you will need to speak to your local
vet with regards to the required inoculations that are necessary. Situated
on La Marina is an English speaking vet with a veterinary hospital located
in Guardamar, which is a 10 minute drive from La Marina.
COMMUNITY FEES
No
longer required on re-sale properties in La Marina, unless they have a communal
swimming pool or belong to a residential area of similar properties, e.g
new builds. It is a democratic law in which enables a community to run in
accordance with the wishes of the majority (the minority´s rights are
still protected). All communities have to elect a president, administrator,
secretary and treasurer. These persons are responsible to the owners for
the sensible running of the community and from time to time to report to
the owners on all matters.
CONSTRUCTION
On purchasing your property you may decide
to make a few alterations, be it large or small, Barclays Constructions
can offer you a competitive price. With 26 fully qualified builders we guarantee
a high standard of work. Please call and arrange an appointment for a free
quotation. We provide Town Hall licences and approvals. Barclays can arrange
for an architect to call and discuss your plans and ideas. Only registered
builders can apply for a Town Hall licence, so be aware there are a great
many builders who are not registered.
RENTING YOUR PROPERTY
Renting your
property is a good source of income. Throughout the summer months the properties
are rented out regularly. It is also possible to rent your property out on
a long term basis. Following is a price list on a weekly basis.
Type of Property |
OCT MAR |
APR JUNE |
JULY SEPT |
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| Josefina (1 Bed) | 100€ |
120€ |
200€ |
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| Rosita (2 Bed) | 150€ |
220€ |
350€ |
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| Rosita (2 Bed / 2 Bath) | 150€ |
250€ |
350€ |
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| Costa Marina (Terraced, 2 Bed, 2 Bath, Comm. Pool) | 150€ |
200€ |
300€ |
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Vista Marina (Terraced, 2 Bed, 1 Bath, Comm. Pool) |
150€ |
200€ |
300€ |
||||
| Lola (Detached, 2 Bed, 1 Bath) | 150€ |
200€ |
300€ |
||||
| Sierra Villas (Detached, 2 Bed, 1 Bath, Comm. Pool) | 150€ |
200€ |
350€
|
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| Julia Marina del Mar (Quad, 3 Bed, 1 Bath, Comm. Pool) | 150€ |
200€ |
350€ |
||||
| Julia Marina del Mar (Quad, 3 Bed, 2 Bath, Private Pool) | 150€ |
250€ |
450€ |
||||
| Isabel Marina del Mar (Quad, 3 Bed, 2 Bath, Comm. Pool) | 150€ |
200€ |
350€ |
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| Rosa (Detached, 2 Bed, 1 Bath, Private Pool) | 150€ |
300€ |
400€ |
||||
| Azucena (Detached, 3 Bed, 2 Bath, Private Pool) | 200€ |
350€ |
450€ |
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|
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| Terraced properties | |
| Quad properties | |
| Detached properties |
CONCLUSION
Barclays Properties has endeavoured in these notes to explain
those matters that are of most importance to you when buying your property
in Spain and then managing and maintaining it for your later enjoyment. We
do not claim to have covered everything, no doubt you will have many other
questions which staff from Barclays Properties, are more than qualified to
answer. Please do not hesitate to ask, as this is what we are here for.