Bank Repossessions Spain : Polaris World Resorts
We have a fantastic selection of bank property in Spain located at the Polaris World resorts in Murcia. These properties come with high mortgages available, up to 100% for non residents and prices for apartments start as low as 72,000 Euros.
For example, the CAM bank properties on the Polaris World resorts of Condado de Alhama and Hacienda Riquelme are typically 40% to 50% discounted from their original list prices.
A number of banks in Spain have repossessions on the resorts that they need to sell. Bank repossessions in Murcia are available from CAM bank, Caja Murcia, Banco Popular, Bancaja, Banco Valencia, Bankia and several more banks who we work with.
The advantage for buyers of Polaris World bank repossession properties is not only the price but the high LTV mortgages available, even to non residents.
Banks are keen to lend up to 90% or even 100% mortgages on selected product. Bank repossessions in Spain on the resorts in Murcia are usually brand new and because of the relative age of the resorts are never more than six years old.
Bank Property Spain
Very few villas are available but they do come up occassionally. We have a selection of Melvin bank repossessed apartments at Mar Menor starting from €141,000. These fabulous apartments come with full 100% mortgage and offer spacious two bedroom two bathroom interiors with large terraces. Just outside the resort we have apartments on the Boulevard, again with higgh mortgages from just €110,000.
Occassional villas, townhouse and apartments become available at La Torre golf resort. These prove very popular when they do arise so hurry!
Very few bank repossessions in spain have become available at El Valle resort. Property for sale tends to be resale properties.
The bank repossessed properties at Hacienda Riquelme resort are currently some of the best bargains available. A small selection of repossessed apartments starting from around €90,000 with 90% mortgages. This represents a discount of over 50% from the original prices.
Apartments from €95,000 with up to 95% mortgage. Although we currently have no bank repossession property at Terrazas de la Torre the developer is working closely with Banco Valencia in offering frontline penthouses with up to 95% mortgages.
A good selection of two and three bedroom bank repossessions at Condado de Alhama golf resort with properties from as little as €72,000. The two bedroom apartments offer roof top terraces whilst the three bedroom apartments located on the ground floor are offered at less than €80,000.
Currently the bank repossessions in Spain at Polaris World resorts offer some tremendous deals during 2012. However as the market continues its rapid climb that we have seen this year we expect prices will start to be increased by the banks and potentially the 90% and 100% mortgage options may start to be reduced. Read our commentary on the Spanish Property Market.
We would recommend to anybody seriously considering a repossessed property in Spain to buy now while prices are depressed as with rising market activity and bargain hunters selecting the best property options there is likely to be only one way for prices in the coming months.