Half price and 100% mortgages at Spanish golf resort
By Sue Brown, 23 Jan 2012
A Spanish developer has discounted the prices of his last remaining 20 apartments on a top golf course development by 50% after seeing research showing nearly half of prospective international property buyers demanded prices below EUR 100,000.
The low-rise, key ready 2-bed apartments at cosmopolitan Villamartin Golf complete with fitted kitchen and appliances are such good value for money that the developer’s bank is offering 100% Loan to Price (LTP) mortgages. There are other incentives in this property Super Sale from PropertyInSpain.Net.
Average discounted price for the 2-bed apartments is EUR 95,600, below the EUR 100,000 threshold revealed in a recent survey on the buying intentions of prospective international buyers.
With property purchase tax discounted by 50% in a Spanish Government incentive to reboot the stalled property sector, buyers need only around EUR 12,000 in buying costs to complete the deal.
The apartments are in an exclusive area of the established and popular Villamartin Golf development in Costa Blanca, just 40 minutes from Alicante Airport. The resort offers shops, bars and restaurants around the Villamartin Plaza and the white sandy beaches of La Zenia about 3.5 Km down the road. Public transport links the beach and into the popular seaside resort of Torrevieja. Villamartin Golf course is closeby and La Finca Golf a few minutes’ drive away.
Buyers have a choice on the orientation of the property according to availability. There are 20 units left and the rest, out of 100 units, have been sold mainly to international buyers.
IMAGE: 2-bed aps at Villamartin Golf - discounts and max mortgages
Spanish Property News from PropertyInSpain.Net