How much does it cost to maintain a second home in Menorca?

Buying a second home in Menorca is a dream for many people who wish to enjoy the Mediterranean lifestyle and the tranquillity of the island. But beyond the purchase price, it’s important to understand the ongoing costs associated with maintaining the property — especially if you don’t live there year-round.

In this practical guide, we break down the typical expenses of owning a second residence in Menorca, ideal for those planning a long-term investment and wanting to manage their budget wisely.

1. Property tax (IBI)

IBI is a local municipal tax paid annually by all property owners. The amount depends on the cadastral value of the property and the municipality where it is located.

• Typical range in Menorca: €300 to €1,200 per year

• Factors: property size, location, use, and type

This tax applies whether or not the owner is a resident in Spain.

2. Community fees

If the home is part of a residential complex or building with shared facilities (pool, gardens, cleaning, etc.), you’ll need to pay community fees.

• Typical cost: €40 to €150/month depending on services and property type

• Covers: maintenance of shared areas, building insurance, cleaning, lifts, etc.

Always ask about these costs before buying, as they can significantly affect your annual expenses.

3. Maintenance and repairs

Any property requires regular upkeep, especially if it's left vacant for long periods.

• Common costs:

  • Gardening: €50–150/month

  • Pool maintenance: €60–120/month

  • Small repairs and technical check-ups: variable

A preventative maintenance plan helps avoid major issues or deterioration over time.

4. Home insurance

Home insurance is essential, particularly for second homes that are unoccupied for months at a time.

• Average annual cost: €200 to €600

• Recommended coverage: water damage, burglary, fire, liability, and emergency services

Having local management or surveillance can also reduce premiums.

5. Basic utilities (water, electricity, gas)

Even if the home is empty, some fixed utility charges and minimum consumption apply.

• Water: €20–50/quarter (higher with pool or garden)

• Electricity: €30–60/month for basic contracted power

• Gas (if used): €15–30/month

Installing remote control systems for utilities can help monitor usage from abroad.

6. Cleaning and preparation for visits

If the property is used only seasonally, it’s common to hire a cleaning and prep service before each stay.

• One-time cleaning: €60–120

• Ongoing upkeep: from €50/month depending on frequency

Services may include airing out the house, checking for humidity, or inspecting for damage.

7. Local property management

Non-resident owners often hire local professionals to manage their second home.

• Typical services:

  • Periodic property inspections

  • Mail collection

  • Monitoring of utilities and security

  • Coordination with repairmen and suppliers

• Estimated cost: €50 to €150/month

Having someone on-site ensures peace of mind and keeps your home in excellent condition.

Conclusion

Owning a second home in Menorca is a rewarding lifestyle investment, but it also comes with responsibilities and ongoing costs. Between taxes, utilities, and maintenance, the annual cost of keeping a property in good shape ranges from €2,000 to €6,000, depending on the type of home and level of service.

At Fincas Venalis, we not only help you find the perfect property in Menorca — we also advise you on all the practical aspects of long-term ownership. If you’re thinking about buying on the island, we’ll be happy to assist you.