| | | | | believes “it’s a multitude of factors from |
| | | | owner being wanted by Interpol, Rich people |
| | | | | suddenly becoming very poor and needing to sell |
| | | | | some of their toys, personal illness with people |
| | | | | wanting to return to the country of their birth as |
| Luxury property in Marbella with truly fantastic | | | | quickly as possible and it can be something as |
| James Bond style luxury property which | | | | mundane as not being able to afford the |
| previously was never discounted to the levels of | | | | mortgage on the smaller luxury apartments”. |
| the 2 Bed apartments in Marbella is now about to | | | | |
| make the rich even richer according to the | | | | There are also unique deals on luxury properties |
| Spanish property experts Spanish Hot | | | | out there one instance of this is where a Vendor |
| Properties. “Whilst one can understand the | | | | has a Villa in Nueva Andalucía valued at over |
| drop in prices for two bed apartments with the | | | | €2m Euros and is prepare to sell it for |
| oversupply of this type of property in the market | | | | €700,000 but wants the option to be able to |
| place especially in Costa del Sol we didn’t | | | | buy back the property for €1.050, 000 in two |
| expect to see such great opportunities at the top | | | | years time which means in the worse case |
| end of the market” explained Nick Stuart | | | | scenario the buyer has made €280,000 in two |
| managing director of Spanish Hot Properties. | | | | years a 14% return on capital which isn’t bad |
| | | | | compared to what you can get at your local |
| Highlights of the current offers from Spanish Hot | | | | bank. The only negative aspect of that |
| Properties include a Villa in Elviria valued at | | | | transaction is that you can’t sell the Villa for |
| €1.5m being recently sold for €680,000 | | | | two years. But as Nick says “It’s not |
| Euros, A beach front Luxury Villa on the Beach of | | | | for everyone but it shows you what people will |
| the Golden Mile valued at €20m and now can | | | | do to try and get them out of a very difficult |
| be bought in the region of €12m and a Puerto | | | | situation”. |
| Banus luxury Villa valued at €20m being | | | | |
| available at €10m. However you won’t | | | | |
| see details of these types of properties on the | | | | So for the first time in a long time there are a |
| Spanish Hot Properties website and on big Villa | | | | few fantastic Marbella Luxury property bargains |
| purchases on the Golden Mile and Puerto Banus | | | | available but as always they are unlikely to be |
| potential buyers will have to prove proof of funds | | | | available for long. |
| before being allowed to visit the property. | | | | |
| | | | | Anyone wishing to find out more about Marbella |
| So how o such properties become available at | | | | Property should contact Spanish hot properties by |
| such incredible prices when there is no oversupply | | | | phone or email as soon as possible. |
| of these types of properties in the market. Nick | | | | |