over the last few weeks i have received a number of list's of "distressed / reposession" property sales for the costa, i am an owner in block 9 & in the past have owned property up & down the coast, i am currently looking to buy a property on the original marbella golden mile as i believe the market has bottomed & the £ will improve against the euro because of the pressure on greece, spain , portugal & ireland which is dragging the euro value down. so i am hoping to be able to get a "prestige" bargain as a investment because i am convinced (i have over 25 years of experience on the costa) that we will see a recovery over the next few years. what does concern me is that on the "distressed / repo" lists i am receiving i am seeing an increasing number of properties on princess park. this will have a serious impact on the collection of community charges & therefore the upkeep & maintenance of the community.
is anyone else seeing this surge of repossesions on pp ?
is anyone aware of plans by p40 to deal with any shortfall in community charges collected etc ?
has anyone seen a deterioation of upkeep / maintenance on pp over the last few months (i have not been over since last september) ?
any feedback will be welcomed
thank you