Total Costs & Reliable Agents

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    • May 22, 2013 at 3:12 pm #57497
      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

    • May 22, 2013 at 4:20 pm #116985
      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.

    • May 22, 2013 at 4:28 pm #116986
      Anonymous
      Participant

      Thanks for that Chopera

    • May 22, 2013 at 4:57 pm #116987
      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!

    • May 22, 2013 at 7:37 pm #116988
      Anonymous
      Participant

      Many thanks Mark

    • May 22, 2013 at 11:45 pm #116996
      Anonymous
      Participant

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

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