We have a 2 bedroom 2 bathroom apartment for sale, on a holiday complex in Mojacar Playa. The property is about to enter the repossession process and we now have only 2 or 3 weeks to effect a sale. The price is 115.000 euros which is considerably below market value. However, the owner will now accept any offer that will cover the mortgage and costs (around 100.000 euros).
The economic situation in this area of Spain is hitting property owners hard and we are being offered an increasing number of distressed sales and repossessed properties by local banks. These offer an ideal opportunity either for investors, or for people looking for a holiday/permanent home at prices not seen in this area for many years.
Now is the ideal opportunity for those people that can, to purchase property here!
My thanks to Julia from Angel Property for this and all of her help (Nigel)
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