Total Costs & Reliable Agents

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This topic contains 5 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 6 months ago.

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  • #57497
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi all this is my first post. I am considering a long term investment in a property in the Murcia area and would be grateful for some advice. I was looking to spend no more than £50k cash payment with the help of a small loan. What would be the average total costs of buying fees, taxes, utility bills and upkeep etc.? Also can anyone recommend a reliable and above all trustworthy agent who can sort everything out down to the last detail. Many thanks

  • #116985
    Profile photo of Chopera
    Chopera
    Participant

    As a rule of thumb I’m using the following figures at the moment: 12% buying costs, €200/month running costs, and 5% selling costs

    The €200/month running costs are based on a 2 bed flat in an urbanisation with a pool. It’s just an estimate but it’s better than nothing.

  • #116986
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks for that Chopera

  • #116987
    Profile photo of Anonymous
    Anonymous
    Participant

    Chissy,

    Try Gordon at Blue Med Spanish properties in Los Belones. I’ve known them for years and never heard a bad word. Contact details in the Murcia Estate Agents section.

    Good luck!

  • #116988
    Profile photo of Anonymous
    Anonymous
    Participant

    Many thanks Mark

  • #116996
    Profile photo of Anonymous
    Anonymous
    Participant

    If you are buying cheaper properties count with a higher figure for costs. Around 15%.

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