Did you know that Esteponas’ IBI tax is down for the seventh year on the run?
Great news for those of us who currently own a property here or an added incentive to those who are looking to purchase a property in the Estepona area. Whether you are looking for a holiday home, retirement property or maybe an investment on the Western Costa del Sol, this is really positive news. The IBI is similar to council tax in the United Kingdom and is part of the on-going costs for people to be aware of when purchasing an apartment, penthouse, townhouse or villa in the Region.
This is now the seventh time that the tax has been lowered and has resulted in the average bill being reduced by up to 20% over this period. The benefits can be further enhanced by a 3% discount if these bills are paid by direct debit.
To see more detailed information on the cost of buying a property in Spain please refer to our Guide at www.universalrealestate.es/services.