Thanks for the info.

Further questions are:

1) How is Municipal tax calculated?

2) What level of cover does the insurance premium quoted (500 euros) give you?

Thanks.

In other words, even if I make around £15k in rent i still stand to lose around £3k after borrowing and tax.

Dave J

In have now come to the conclusion that when people refer to running costs/profit they do not include cost of ownership (borrowing or captial invested) My 'costs' (bills) come to around £10,000 but the cost of my borrowing alone comes to around £8500. Even if I use the villas a number of times a yea...

Many thanks for the info.

Dave J

Thanks for the prompt reply, a few more questions to follow up:

1) How much is house insurance?
2) How much is local property tax (villas will probably be declared at around 300k euros)?

Cheers,

Dave J

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