CAM Bank Repossessions Spain

 

Looking for bank repopssessions in Spain? We have the perfect opportunity from with CAM Bank Mediterranean Homes. With hundreds of Spanish repossessed properties to choose from on the Polaris World resorts in Murcia, Spain. CAM bank property opportunities from one of the region's largest savings banks. You can buy distressed bank repos direct from the bank at hugely discounted prices. Discounts on properties of typically 50% from peak prices. Mortgages on offer at low interest rates usually Euribor + 2.0% and typically at 90% Loan to Value (LTV).

 

You can purchase a superb brand new repossession property from the bank at a huge discount with 10% deposit. PLUS...these properties are on fantastic Polaris World golf resorts. This is quality product and not the usual rubbish you would expect when buying a bank repossession in Spain.

 

The process for buying CAM bank repossessions in Spain is straightforward. CAM have an international department and ourselves as UK based agents with staff in Murcia to help with the mortgage application. As one of the largest international agents we have managed many CAM bank repossession purchases and mortgage applications and have the experience to ensure your purchase of a Spanish property is as smooth as possible.

 

We have six resorts to choose from in the Murcia region all offering Nicklaus designed golf courses and town centre facilities. These are well managed resorts popular with British and other European buyers of second homes.

 

 

CAM bank properties are available on several of our resorts in the Murcia region. Properties are heavily discounted from their prices of several years ago and offer some of the best bargains abvailable on golf resorts in Murcia and on property developments in Spain.

 

The mortgages on offer from CAM bank Spain are generous to international buyers thinking of buying a repossessed property in Spain. LTV of 90% is available to buyers from the UK. Property buyers must prove income and have good credit reports to qualify for the mortgages.

 

Much of the stock of property repossessed from developer Polaris World is selling fast. Over half the stock sold last year but there are still bargains to be had. With prices of just under half the level of 2007 and the pick up seen in the Spanish property market in Murcia since the credit crisis has fuelled buying from investors and those seeking a holiday home overseas.

 

The Murcia region offers excellent prospects for growth in property prices in the years ahead. The new airport at Corvera is set to open in 2012 and this will connect Murcia with countries further afield than the smaller current airport at San Javier.

 

With CAM properties Spain becomes affordable again for many buyers who in previous years may have seen prices drift out of reach. Now it is possible to buy on golf resorts in Spain at prices cheaper than five or even ten years ago.

 

CAM bank is now part of the Sabadell banking group (Banco Sabadell) and CAM Mediterranean is now merged with the property division of Sabadell, namely Solvia Property. It offers even greater bargain opportunities for our clients with wider access to some superb Spanish repossession properties.