The International Monetary Fund (IMF) believes that SAREB or ‘Bad Bank’ should change its strategy, adjust its business plan and base it on more realistic and conservative property prices. That way SAREB forecasts on the evolution of property prices would be more optimistic, thus pointing towards another significant price correction on its assets and bank repossession stock. Continue reading
According to data just released by Global Property Guide, property prices in Spain continue to slide. In June 2012, property valuation company TINSA’s (IMIE) general property price index plunged by 10.8% from the same period last year. Continue reading
Spain’s attempt at a “golden visa” programme for property investment would appear to be attracting the attention of the huge market of international investors and entrepreneurs. That is the conclusion of feedback from potential upmarket property investors encouraged by the recent government modification on resident permits according to Marbella property specialists Premier Marbella. Continue reading
Community of apartments located in the heart of the golf valley. Consisting of 2 bedrooms, 2 bathrooms, fully fitted kitchen, big terrace, smoke detector and air-conditioning. Set in landscaped gardens with swimming pool. Garage available as optional extra. Prices from 146,600 €.
Bank Repossession – Located in the prestigious Valle de Golf, but also very close to the sea with one of the best beaches on the Costa del Sol only 500 metres away, this first floor two bedroom / two bathroom apartment boasts a spacious terrace accessible from the living area and the master bedroom. Built to a high standard, including marble floors, fully fitted kitchen , safety front door, double glazed windows thermo-acoustic, and many other extras. Garage and storage room are included. The complex is beautifully landscaped with subtropical gardens occupying 28.000m2 and a communal swimming pool. PRICE: 170.000 €
Premier Property International are pleased to present this Bank Repossession. Situated in the heart of Los Flamingos Golf Resort, between Marbella & Estepona with panoramic sea & golf views. Fusion of Mediterranean architecture with key contemporary tones. A total of 96 apartments consisting of 2 bedrooms units and 3 bedroom penthouses, all with a west orientation. Garage, storeroom and parking for a golf buggy. Two swimming pools and two padel tennis courts.
With the imminent increase in VAT to 10 % on new residential properties programmed to take effect from the 1st of January 2013, it is anticipated that the best property deals in the coming year will be from the individual vendors. With the mounting social pressure against evictions, bank inflexibility and the dramatic reduction in mortgage concessions, motivated sellers of the so called ‘Distressed Properties’ in the Marbella area will have opportunity on their side. Premier Property International can put at your disposal a selection of these heavily discounted properties.