Wisemove is now heavily active in seeking out bargain property for sale on the Costa Tropical and pushing owners to lower their prices. You will hear about reduced prices here first. December up date is after a quiet August and September, October brought in a new wave of buyers. Viewings and sales are up in November and December. We have sales proceeding in Rio Seco, Jete. Atalaya in Cotobro and negotiating some offers in San Cristobal and Fuentes in Almunecar.
Las Palomas property for sale. This property was valued by the bank a
few of years ago at €530,000. It has just been reduced again to €349,000
but I know the owner will take €300,000.This property is on 2
escrituras and is effectively 2 apartments joined together.
Jete country house bargain for sale. This property is a lovely wooden building with great views in the village of Jete. Just reduced again by a whopping €30,000. 25 minutes from Almunecar this is a great property for sale. Fully legalised and registered.
bargain property for sale in La Herradura . It has a 3 bedroomed villa with two bathrooms and a fireplace with a two bedroom bedroom apartment underneath. This property was valued in 2005 at 450,000. Now the seller will take 200,000. Great investment potential. This area gets its new infrastructure within 12 months ( already funded) and then there will be a big jump in demand for the area.
Bargain villa for sale in Los Pinos Almunecar.This villa has a main house with 4 bedrooms and two separate apartments. There are two separate entrances which makes this an amazing rental potential. Was first marketed at €700,000 euros and now has been reduced to €390,000 but you will have to be quick.
3 bed modern townhouse property for sale in Fuentes AlmunecarThis property is in fabulous condition in a good position with two amazing community pools. First advertised at 300,000 excluding garage and furniture........now for a limited period the owner will include the garage and furniture for a quick sale for less than €200k. The furniture was 22,000 imported from the UK. The garages sell for 20K and is on a separate deed. Be quick as it is a real BARGAIN PROPERTY at this price. Stop press we have an offer of 180k accepted but the buyer is struggling to get a mortgage. Great opportunity for cash buyer to step in. Real bargain.
BARGAIN PROPERTY in La Herradurra. .... 3 Bedrooms, two bathroom villa on Pena Parda...the owner will take 169,000 for a quick sale. The property is in great condition with good views, community pool and gardens and a reformed kitchen. You also have the possibility to make a gymnasium with bathroom kitchen and rest area in the under-build below!! This will go quickly now as we have sold two other bargain properties on this community within the last few months.
very cheap plot of land for sale is in Jete .This bargain piece of land for sale has had a project approved about 5 years ago but the license was never paid so you would need to reapply. The project is all completed with various required reports.Great views over fabulous mountains and down the valley to the Sea. About 25 minutes drive to the coast.
Another bargain villa property in La Herradura is this 4 bedroom villa property for sale in Pena Parda. This owner had marketed the property at 700,000 euros 2 and a half years ago and refused an offer of 650,000 to sell and took the property off the market. He has put the villa back on the market at a knock down price of 449,950. There is a smaller house next door up at 550,000 with interest! Well worth a look. Stop press the owner will take 420k for quick sale.
This is half price and very cheap and legal and a real bargain at this price. Paper work problems are now resolved.
4/5 Bedroom townhouse in Jete with amazing views and good access . Last chance to get this fantastic townhouse in Jete. Reduced from 260k to 179k. The owners bottom line is 140k but for a quick sale. You can not build this property for that, let alone the plot, location and amazing views.....it´s very cheap at that price. Town hall plans have the correct size as 210 m2 and not the 100m2 on the escritura. BARGAIN
This owner will take 90,000 for a quick sale on this bargain property in Itrabo. Sale collapsed on this house as the buyer could not get a mortgage so it is still available. The owner will rent this property out if it is not sold in the next 2 weeks ....it is incredible it is still here it is a real bargain property in a great position.
Demand first started falling in August 2007 when people believed that prices were too high and that other European destinations were proving to be a more cost efficient destination. Maybe these people were right, but they have also run into problems in August 2008 when the full impact of the credit crunch began was felt. That is all history, so where are we now? Is it safe to go back into the market? Will the prices go down further? To answer this question you must look at the fundamentals.
1. Product quality
2. Supply and demand
3. Current pricing
1. What is Spain, or to be more precise in our case, Granada´s Costa Tropical, selling? What does it have to offer that people are willing to buy? The Costa Tropical has one of the best climates in Europe, two new motorways linking the area to the city of Granada, Malaga and Almeria (to be finished 2012), skiing in the Sierra Nevada, traditional Spanish culture not diluted by Northern European fashions. Limited development and lots of protected countryside. The Observer newspaper quoted Almuñécar as the holiday resort of the Spanish. Compared to other resorts in Spain and throughout Europe, the Costa Tropical can hold its own.
2. Luckily the Costa Tropical was behind the curve for rampant property development and so did not suffer the massive over supply of repossessed apartments and unsold villas of other Costa's. Demand for the culture and the micro climate remain strong from Northern Europeans and affluent Spanish buyers who want an investment or summer home on their favorite coastline. As the Costa Tropical enjoys the best climate in Europe (according to the World Health Organization), the 830 million inhabitants of Europe provide substantial demand for property.Demand for property will increase on the Costa Tropical as the motorway is nearing completion, plans approved for 2 new marinas and a 7 star hotel is coming to Almunecar.
3. There is a dual pricing scenario at the moment with realists reducing prices to sell and the dreamers still hoping to achieve the highest prices of 3 years ago. All the sales we have been part of in the last six months have been at 50% of the highest marketed price! Remember that the highest asking prices did not sell so were probably 20% over priced. So the real price correction on these properties has been a reduction of 37.5%. According to a Deutsche Bank report out today the USA has dropped 30% in 3 years from the end of 2006.This report considers the USA to be out of their housing slump with prices beginning to stabilize and grow. Europe lags 6 to 12 months behind the USA so we will not see this stage until later in the year. This time delay is also confirmed by the fact that lending here in Spain is allegedly going to start flowing again in June 2010 whereas in the states this process started in early 2009. This availability of finance will be the key to the timing of the recovery of the market in Spain. Therefore the sale prices we have seen represent a 7.5% discount to the lowest prices predicted as the bottom of the market. These are the bargains that other people seem to find, but never you! Now is the time to get yourself a good property professional and go shopping for your Bargain Spanish Property.
Jete country house bargain for sale