Thinking of buying in Camposol

(1) Offers expect no more than around 5% off the asking price .. property on Camposol is probably the cheapest you will get in Spain V.F.M .

(2) Residency you can spend up to 183 days in any 12 month period without the need for Residence status.

(3) Tax liability as  none Residents it is approximately €200 per year .

(4) something you did not ask.. when you have agreed a price on a property allow a minimum of 10% on top of this to cover all your buying fee's.

(5) don't forget to factor in the upkeep of your property ..my Council tax is €480 per year you also need to pay for water meter rental / electric meter rental even when the property is not occupied and of course general upkeep and maintenance costs ..I am a holiday home owner myself ..I have a 3 bed 3 bathroom Detached Neptuno villa with pool I pay for the pool cleaning once per week ..the approximate  cost for the upkeep  is around €75 per week for all of the above (when the villa is not being used ).

Yes you can buy without being a resident. Get a good lawyer and they will arrange everything for you including setting up a spanish bank account obtaining your NIE number arranging direct debits switching on utilities etc. Its very easy to buy in Spain whilst in the uk. If going down this route you will need to get power of attorney in UK for your Spanish lawyer to act on your behalf.

Good luck and all the best 

It's still a buyers market and in terms of discounts on asking price, a selling 5% discount equates to min10% to the buyer. Theirs lots of properties on the market and very soon, prices will drop further, sad but true! (Depending which side of the fence you are of course).

It might appear to be a buyer's market in Spain...this is down to the fact that they are over building...but don't be fooled by this as Spanish builder's and owners are prepared to wait for a good price... rather than sell at a poor one... you do get the odd bargain but these are few and far between even the banks are careful on how many bank repossessed properties they release for sale at any one time ...this is done so not to flood the property market and not to lower the price...the Covid 19 thing will probably have a small impact on the Spanish property market mostly on the high end properties ..but you will see very few price reductions on the lower end of the market...some source's say that the Spanish property market could drop by up to 50% across the board this is a stupid statement to make... as you can currently buy a nice 2 Bed terrace Villa for €50,000 on Camposol ..this would mean you would be able to buy this property for €25,000 this just won't happen as people would just take them off the market .. which inturn would make prices rise .

I'm assuming that you've got your property in Spain?  I don't yet but soon hopefully will have, so that makes me a buyer right now FF.  Always a risk when buying and selling as you know and very hard to time it just right. A seller will always 'talk it up', the buyer 'talk it down'.  Today however, it's definitely a buyers market, on that I'm unbiased as I'm selling and buying, and it's tough getting near the price I'd like.  I will get a min of 10% off my property in Spain, your market is still flooded with for sale properties. I admire your optimism though!

Yes I own property in Spain ...if you do a cross reference between Estate agent's especially on Camposol you will see the same property advertised in many of the other agents thing's like this make it look like that there is many properties up for sale to prospective buyers.. in..the last 2 years I have seen atleast 4 villa's in my street being bought ...for instance 3 bed 3 bathroom detached Neptuno villa with pool highly maintained fully furnished for €130,000 (around £112,000)...I live on a new housing site back in the STH Wales UK  the cheapest 2 bedroom new terrace house on my estate is currently selling at £164,000...so why is property so cheap in Spain...I also have a friend that works for a estate agent in Spain...he often has too deal with unrealistic buyer's putting in stupid offers of up to €40,000 off a asking price of €120,000 and they are taken back when he says that the offer is to low to put forward to the sellers  low property prices seem to attract dreamers like most of the post you get on this forum . .

Aye, some buyers will be downright stupidly unrealistic with to some, insulting offers.  Stupid can't be reasoned with so should be ignored.  Attitudes should change along with changing markets. Sold my house in Manchester in 2014 and got the asking price of £160,000, that's because it was just so back then, people were also gazumping.  Moved to Ireland out west and got a lovely 8 year old 4 bed bungalow on 1 acre for €100,000,  that's now been accepted at €180,000.  Spain has yet to reach its upper forecast, who knows post Covid?  All countries will be different in how they can cope and ride the storm I guess.  Either way, good luck to you and yours FF.

Frequent Flyer

your crystal ball must be very big and very cloudy. The global property market is tanking be it residential or commercial and that will be reflected across the world..  GDP figures ..projections are shocking and this is tip of the iceberg stuff, me thinks 

Big storms, Brexit,  Corona what a combo. “ ride the storm” should be converted to “the perfect storm” and we are in it ! Post corona can you with your crystal ball  what you may suggest  that those private health premiums will be please ? 

Multiple agency for vendors is no new thing. It will continue and in essence the agent who brings the purchaser to the table will or should get paid for the intro. Can see a lot of agents having to adjust their fee structure accordingly.

Cash rich buyers I think should make some offers , if not accepted move onplenty more in the shop window 

In  conclusion what was and was is is a massive gap. 2008 make collapse is nothing in comparison to what is happening now. Buyer beware....

The only solid information that we have at present is pre whatever the final Brexit agreement is, so with that in mind: as an EU resident you may spend no more than a total of 183 days in a calendar year without becoming a tax resident. You are (under the same rules) allowed to spend visits of up to 90 days without having to register on the register of foreigners (not the same thing as tax resident). if you exceed these limits you will be regarded as resident and must fulfil requirements on income and health cover, the latter being an unknown post-Covid..

What a seller will accept is dependent on what their situation is - my experience is that offers of 50% below asking price is a viable starting point - you can always go up, but never come down.

So much depends on your own circumstances - age, how much you can afford to lose and so on, and what your personal crystal ball tells you the travel situation will be, which will determine how much time you can spend in Spain.