Rental Income And Running Costs?
The expenses of a development of chalets or an apartment building are usually divided up proportionately between the owners, according to the size of their property. As a rough guide the basic running costs for a property usually work out around 3-5 euros per m2/month and this would cover the cost of snow clearance, rubbish removal, water rates, building insurance, and local property taxes, cleaning and lighting for any communal areas, and maintenance of the gardens etc. These expenses would not include your own personal usage of heating and electricity as this varies depending on how much you use the property. If you buy a property with extensive leisure facilities such as swimming pools and spas then these costs could increase to around 7-11 per m2/month. Austrian gross rental yields tend to vary between 3% to 5% whilst Switzerland and France range from 2% to 4%.