Total Costs & Reliable Agents

This topic contains 5 replies, has 4 voices, and was last updated by  Anonymous 4 years, 4 months ago.

  • Author
    Posts
  • #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

  • #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.

  • #116986

    Anonymous
    Participant

    Thanks for that Chopera

  • #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!

  • #116988

    Anonymous
    Participant

    Many thanks Mark

  • #116996

    Anonymous
    Participant

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

You must be logged in to reply to this topic.