bargain spanish property cheap properties costa del sol property in marbella spanish mortgage a
I know what you´re thinking – why didn´t he check with the bank before making an offer? To be honest, I just assumed that all would be ok.
Even now, I reckon that if I´d had a little more time, and the cash buyer hadn´t been on the scene, I could have found a bank to provide a Spanish mortgage on that property in Marbella. For the cash buyer, the risk was all his – no banks to consider. And let´s face it, even in the worst case scenario where the new owner may have been asked to pay a fine as a result of any adverse ruling by the town hall in Marbella, the fact that he secured the property at such a great price was probably enough to persuade him that it was worth the small risk.
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bargain spanish property properties in spain recession in spain selling a property in spain spanish property a
I am frequently asked by owners of Spanish property if I think they should sell their properties in Spain.
Unless they desperately need the money, then my answer every time would be ´no´.
Prices are falling, and we are entering a European recession. All buyers are looking to secure a bargain property in Spain and are subsequently making (sometimes) silly offers, even on the best priced properties. Continue reading »
