I hope this helps.
With regards to property value estimations back in late 2001 to the present day. My property purchased when the Euro was 1.60 to the pound is a 3 double bedroom house. (Garage and pool added later) on a hill with fantastic Med views, only a short walk to the beach.
Yes! I know the hardest part is getting back up cardiac hill. (for those in the know)
I saw identical properties sell at an inflated price of €217.000 above my purchase price and yes they did re-sell. Properties that did sell and some years later have come back on the market and still not selling are being advertised at €90.000 below their purchase price.
What I don't understand are the agents selling fees. Talking with some of my neighbours who are selling. The Agents selling fee is approx €20.000 that’s a lot of wonga!!!!!. I am sure that if the fees were not so high and the purchase price adjusted to a more realistic level. Properties may sell.
I have noticed that there is evidence of Spanish purchasing from expats in the more residential areas.
But at knock down prices.
Please note. This man is not for U turn. I love it.
Euro 1.20 today
Car running costs
Airport Parking €375 per year this gives me access to parking at both St Javia (Murcia Airport) & Alicante Airport. Plus transfer of car between Airports. This will soon include Corvera.
Insurance. €394.10 per year Fully Comprehensive with Linnea Directa
Road Tax..€46.00
Petrol & Servicing. As required. The fuel in my tank is mine and not the hire companies. Filling the tank and Flying into Murcia. I can sometimes do 3 trips without a replen.
Average Car Hire for a similar vehicle €200 per trip this takes into account fuel and additional insurance also the summer months when the hire charges go up.
€200 x 10 = €2000 @ 1.15 = £1739.13 per year.
Average running cost for running my car € 815.10 @ 1.15 = £ 708.78.
So in all I save on average £1000 per year.
Please note that this projection does not include fuel and the cost of the vehicle.
I run a Ford Focus Zetec 1.6 Estate Automatic Petrol. LHD Spanish plates.
The IKEA Mobil. It carries anything with the seats down.
Purchase from an expat returning to UK. 5 New tyres and cambelt change.
The sellers paid all the transfer fees
Now Showing 88.000km = 54.680 miles.
Owned approx 3 years. I have put approx 6000 km on the car.
So Purchased at only 51.000.
All these figures are approximate
Always Remember to keep the sun in YA heart