Mar Menor Resort Bank Repossessions

The first phase of Mar Menor resort opened in 2005. Built with a five star luxury Intercontinental hotel, Mar Menor is an ideal family resort just five minutes from the beach. The second phase at Mar Menor opened in 2009 with more villas and townhouses plus the luxury Melvin Villaroell apartments. Just outside the resort are the Boulevard apartments which offer affordable homes but without the amenities and benefits of living on the resort itself.

It is here on the second phase at Mar Menor we find an excellent choice of brand new bank repossessed property. Luxury apartments are available with 100% mortgages, typically discounted by 40% from their initial off plan prices. The Boulevard apartments are available, again at 100% mortgage, from just €72,000.

 

Mar Menor is the only resort to be able to offer a choice of villas as bank repossessions. This includes two bed two bath villas from around €165,000 again with 100% mortgages. Three bedroom bank villas are also available.

 

Bank Repossessions Spain :We offer a range of Spanish bank property in Murcia starting from just €65,000 for a two bedroom apartment with roof terrace on the Condado de Alhama resort or three bedroom ground floor apartment with terrace and garden.

 

 

The bank repossession property on Mar Menor offered by bank consortium IRM through ourselves as sales agent are the most luxurious properties across any of the six Polaris World resorts. There are excellent deals currently on the Mar Menor apartments and villas with mortgages on bank repossessions of 100%.

 

Frontline golf apartments offering spacious accommodation with two bathrooms with stunning views across the golf course on Mar Menor resort can be bought for just €132,000. A huge reduction from their original off-plan price which started at over €220,000.

 

For buyers with lower budgets (starting under €60,000) we recommend the resorts of Condado de Alhama and Hacienda Riquelme (both beginning to run low on stock in 2012/2013) and Terrazas de la Torre where there is still a great range of capartments to choose from plus 100% finance is available here.

 

 

At present we have a good selection of bank repo apartments at Mar Menor resort while stocks last. Prices are up to 40% below the valuations and off plan prices of 2007. The mortgage terms offered by CAM bank Bancaja, Banco Popular and Banco Valencia include 100% loan to value and interest rates at just Euribor +1.5%. The first two years of the mortgage can be taken as interest only.

 

The banks in Spain are keen to lend to overseas buyers as they begin to clear the last of these hugely reduced properties. Today's international buyer can benefit from this snapping up property bargains at prices that were unheard of five years ago in Spain. It creates a fantastic opportunity to buy property in Spain for many people who previously may not not have been able to afford a luxury home in Spain.

 

 

Bank Repossessed Property Spain can offer a good return for investors in the years ahead but it is essential to buy quality and to buy on a resort where the facilities will help underpin your investment for years to come.

 

Mar Menor resort is a five star complex in Murcia close to the shores of the Mar Menor sea and the Mediterranean. With its impressive Intercontinental hotel and Nicklaus golf course.

 

The new international airport at Corvera expected to open in 2012 will be just 20 minutes from the Mar Menor resort making it accessible to flights from all over Europe and also internationally. Corvera airport will connect with the high speed rail link throughout Europe.