16 Mar 2011 3:50 PM:

Thanks Techno,

a good post and yes cost per month is high on my agenda. I have 4 properties in the UK and one in Ireland, but I am a virgin as far as Spain is concerned and rely on local knowlege from guys like yourselves who are willing to post and chat with others

I am attracted to Spain due to the weather and prices at the moment and I wouldnt mind holidaying there for 2-4 weeks a year, and I'm sure a few friends would take between 4-8 weeks off me as well for the right price.

I read recently that the 3 years grace several builders had will expire  shortly and that there will be more reposetions in the coming months, anyone else heard that?

If anyone has any links to bank owned 100% financed properties then send me the link please, or if you know of a good agent who represents a few areas

cheers,

Tony

Thread: arenal duquesa

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15 Mar 2011 3:51 PM:

Thanks Pitby, it looks exactly like the apartment I was offered. Are there any 2 bed 2 bath decent houses for sale with 100% mortgages and around the 130-150K, thats the question.

Or the other question is whether its the right time to buy in Spain, what do you guys think?

 

cheers,

Tony

Thread: arenal duquesa

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15 Mar 2011 3:34 PM:

Hi Norman,

am I reading your responce right and you value them at around 70,000 Euro for a 2 bed in this complex?

cheers,

Tony

Thread: arenal duquesa

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14 Mar 2011 10:52 PM:

Hi all,

many thanks for all the replys, some very good information.The company selling these is called Restless Earth Limited. And I got the usual story that they are selling like hotcakes and better buy quick as even the bank employees are buying them fast!!!

I dont intend to stay there permnantly, I am just looking for an investment oportunity and somewhere I can go for 4 - 8 weeks a year. I have looked around and can anyone tell me the best website to go to for properties similar to this that are in that price bracket?

I also seen places for sale up the road in Estepona at 130,000 euro for 2 bed 1 bath in golf resort

cheers,

Tony

Thread: arenal duquesa

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14 Mar 2011 10:16 PM:

Hi there,

many thanks for the information, I will contact the seller and see if he will budge from his 130k estimation. They are offering 100% mortgages on them so its tempting as its not a huge buy in (still need the 8% and fees). They claim they can gaurentee 11 months rental at 650 euros per month as well, do you think that sounds true?

Are there many properties over there with 100% mortgages these days?

 

many thanks,

Tony

Thread: arenal duquesa

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