€300k Property Costs
What Does a €300,000 Property Actually Cost All-In?
Complete breakdown of buying and owning a €300k Spanish property. Purchase costs, mortgage payments, running expenses, and what you really pay each month.
The True Purchase Price
A €300,000 property in Spain doesn't cost €300,000. Between taxes, legal fees, and administrative costs, you need to budget significantly more. Here's the realistic breakdown for a resale apartment in the Valencia region (Costa Blanca).
Spanish banks lend up to 70% of the purchase price to non-residents. That means you need the remaining 30% as deposit plus all the buying costs in cash. For a €300,000 property, that's approximately €125,000.
| Cost Item | Amount | Notes |
|---|---|---|
| Property price | €300,000 | Asking price |
| Transfer tax (ITP) | €30,000 | 10% in Valencia region |
| Notary fees | €900 | Scaled by property value |
| Land registry | €567 | Scaled by property value |
| Lawyer fees | €3,630 | 1% + 21% VAT |
| Total to pay | €335,097 | All costs included |
New-build properties have different taxes: 10% VAT instead of transfer tax, plus 1.5% stamp duty (AJD). The total percentage is similar but the composition differs. Use our buying costs calculator to get exact figures for your situation.
What You Pay Each Month
Once you own the property, two types of costs apply: your mortgage payment (if financed) and running costs. Here's the monthly reality for a typical 2-bedroom apartment with a 70% mortgage.
Mortgage Payment
Running Costs
This is what you pay each month if you don't rent the property out at all. It's the baseline cost of ownership—your maximum monthly commitment. Many owners reduce this significantly through holiday rentals, which we'll touch on shortly.
For detailed running cost estimates based on your property type, use our annual costs calculator.
Principal Payments Build Wealth
Here's something many buyers overlook: your monthly mortgage payment isn't all cost. A significant portion goes toward paying down the loan—that's not money lost, it's money transferred into equity.
Interest (Real Cost)
In year one, approximately €7,350 of your payments goes to interest. This is the actual cost of borrowing—money paid to the bank.
Principal (Savings)
Around €5,260 of your first-year payments reduces your loan balance. You're building ownership in your property.
Property Value
Spanish property prices have historically risen 3-5% annually. Your equity grows from both loan paydown and appreciation.
Think of it this way: of your €1,051 monthly mortgage payment, roughly €613 is interest (cost) and €438 is principal (equity). Over time, as the loan balance decreases, more of each payment goes toward principal.
After 10 years of ownership, you've paid down approximately €65,000 of your loan while the property has likely appreciated. The gap between what you owe and what the property is worth—your equity—grows substantially.
How Rental Income Changes the Picture
Many Costa Blanca property owners rent out during peak tourist seasons while enjoying the property themselves during quieter months. This can dramatically reduce your net monthly cost.
| Scenario | Rental Income | Net Monthly Cost |
|---|---|---|
| No rental | €0 | €1,286 |
| Light rental (60 days) | ~€480/month | ~€800 |
| Moderate rental (120 days) | ~€725/month | ~€560 |
These figures assume a 2-bedroom apartment in a popular location. Rental income estimates account for management fees, platform fees, cleaning, and other expenses—this is net income after costs.
The strategy is straightforward: use your property from October through April (low season), keep two weeks in summer for yourself, and rent out the high-demand periods when tourists pay premium rates.
For a complete guide to this strategy and detailed income projections, read our article on financing your property with rental income. For personalised estimates, try our rental income calculator.
More Than an Investment
Owning property in Spain isn't only about returns and calculations. It's about having a place for your family—holidays without hotel bookings, a base that's always there, memories built over years.
The numbers matter, but so does what that apartment or villa makes possible. Many owners find the real value isn't measured in euros at all.
One-Time Setup Costs
Beyond purchase costs and monthly payments, budget for initial setup expenses. These vary based on whether you're buying furnished or unfurnished, new-build or resale.
| Item | Resale (Furnished) | New-Build (Unfurnished) |
|---|---|---|
| Furniture and appliances | €2,000–5,000 (updates) | €10,000–20,000 (full) |
| Kitchen upgrades | €0–3,000 | €3,000–8,000 |
| Lighting and fixtures | €500–1,500 | €1,500–3,000 |
| Air conditioning (if needed) | €0–2,500 | Often included |
| Typical total | €3,000–10,000 | €15,000–30,000 |
Resale properties often come furnished, reducing setup costs significantly. New-builds offer a blank canvas but require more initial investment. Factor these costs into your total budget—they're easy to underestimate.
Read our first-time buyer guide for more details on budgeting and the buying process.
Properties in This Price Range
Browse current listings around the €300,000 price point. These apartments represent the type of property this article's calculations are based on.
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