Hoping to buy in Camposol in the not to distant future

Expect 12% on top and you will not be too far wrong.

Legal fees and property tax are the biggest items but expect total costs to be 12% on top of the purchase fee.

Andy

Andy has it about right IMHO. Property transfer tax alone is 8%. Be aware that if you buy on an urbanisation there will be community fees, which can vary immensely.

Many thanks for the speedy replies. Finally a figure we can work off. I'm sure I'll have many more questions in the future, so it's nice to know there are helpful people out there. Ellen

Don't forget to allow for the IVA. 4% on a new house or 10% on a used one.

Hi

We too are looking at buying on Camposol and have looked into it with some detail..

Things you have to consider are

Purchase tax is 8% of purchase price in the Murcia region.

Solicitors fees around €1000 to €1200

Other fees around €1000

10% to 12% is a good indicator however we have been told that depending on the property you may be able to get most of this if not all knocked off the price of the villa.. so dont offer the asking price and negotiate it with the agent.

We are due out in April and will hopefully come away with a property..

The good thing about Camposol Is that there are no community fees to pay like other resorts.. if you purchase on sectors A or B then you may have an annual fee to pay to go towards a communal pool, that's if you don't have your own.

These fees are between €130 & €350 per year depending on the property.

Hope this helps 

If you allow 12% on top of the asking price ...this should cover all your buying costs..you do not have community fees on Camposol ...but if you do buy on a part like A sector that does have shared pools you will be expected to help towards the upkeep ..if you are lucky enough to have your own pool all you have to pay out for is the I.B.I ( council tax to you ) ..I pay €400.00 for the year and that's it for a 3 bed 3 bathroom villa with it's own pool..electricity/water is on a meter. Good luck enjoy Camposol.

If your budget is €130,000 then if you buy a property for that you should be able to knock off enough money from the property price to cover the 12% fees. 

That’s pretty much what we did with a similar sized budget. We were cash buyers like yourself so that adds weight when you make an offer. 

Good luck and welcome to camposol. You’ll love it

Many thanks everybody. All this info is great, especially the advice to factor in the 12% when making an offer. Ellen

12% price drop is a big ask ...most seller's would be looking at a maximum drop of 5%...now that property is selling well ..if you  are looking for (12%)€15,600 off a €130.00 property the sellers would have to be desperate to take this offer ...you might be going home disappointed.