Example of costs & revenues
 

Example

Golf- and holiday lets based on 35% occupancy (18 weeks).
All amounts in Euros Apartment with 2 bedrooms and 2 bathrooms.
Purchase price € 250.000
  • Income G – based on € 700 per week for Golfers in low season
  • Income H – based on € 1000 per week for holiday lets in high season
 
 
  • * These months consist of 5 weeks
  • The 40% mortgage in this example (€ 100.000) is based on a period of 20 years with a variable rate of 4,0%
  • This overview gives a guideline only .

Be aware of the fact that the Spanish authorities charge a tax to pay on the rental income of 25%.

Most property owners do not declare rental income. In that case you should add to the above mentioned amounts the costs for the “imputed income tax” that will be charged at around 400-500 Euros for an average 2 bedroom apartment.

 
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