Beachfront bank-owned bargains at La Manga
By Kevin Barnett, 14 Mar 2010
Best priced frontline apartments for a decade at internationally-renowned beach and golf resort of La Manga, on Spain’s Hot Coast, are on offer from Spanish bank repossessions specialist brokers, www.PropertyInSpain.net.
Brand-new, key ready, 2-bed beachfront bargains at EUR 140,000, reduced by 40% from the previous developer price, come direct from the funding bank with a generous 80% mortgage, subject to buyer’s status.
The deal even includes interest free payments on the mortgage for the first three years. Apartments in the last phase of the fully completed development with direct sea views are expected to be sold first, although the brokers have not added a price premium despite the few remaining units.
All apartments are fully legal and the paperwork is in place for a rapid completion in time for summer sun and golf holidays.
Said Mar Walcott, property manager at PropertyInSpain.Net: “We are offering these bargains on a first come, first served basis and buyers booking viewings to mid April, including Easter, will get a Cashback of up to 500 Euros to cover their flights and accommodation.
“The prices are 40% lower than the equivalent apartments sold at La Manga 10 years ago and are only possible because of bank pressure on the developers.”
PropertyInSpain.Net have Spanish bank repossessions on offer in Costa Blanca, Costa Calida, Costa del Sol, Mallorca and Ibiza with prices from EUR 33,000 to EUR 1.5M. They are suitable for holidays and fulltime retirement and all come with generous 80% to 90% mortgages, guaranteed because of the excellent loan to value ratios.