BANK REPOSSESSIONS costa blanca BANK OWNED PROPERTY BARGAIN SPANISH HOMES Costa Blanca Property For Sale. With so much uncertainty in traditional investment markets, this year is already proving difficult for potential investors. By contrast, Spain's property market is off to a flying start with the latest data predicting record property sales for this year. Last year saw resale property prices in Spain rise by 2.3% according to Spanish News Today, and by 2019 the increase in prices is expected to reach 5.0% per annum. International Living magazine declared Spain to be the 7th best place in the world to retire, citing Spain's low cost of living and real estate affordability as just two of the reasons that the country still attracts property investment from a broad spectrum of investors. And you don’t need to be wealthy to own a home in Spain. With prices at their lowest ebb and Spanish property prices & demand on the increase, this is an ideal time to invest in a home on the Costa Blanca. Property Wire report that the glut of unsold homes built in Spain prior to 2008 is drying up, with 20% of the excess housing stock expected to be sold during 2016 and a similar reduction predicted for 2017.
Shel ey Starkey Office Administrator Inmo Investments Real Estate
The result is a market that offers investors stability and assuredness, coupled with persistently low mortgage lending rates, and a growing market for rental property which promises inflation-beating rental returns. In a climate where bank deposit interest and investment yields are stagnant, Spanish residential property represents a sound investment whatever your budget, A great investment opportunity with a recent history of stability and consistent growth. Contact us today for the best property advice.
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS TORREVIEJA
CLOSE TO THE BEACH, LUXURY VILLA
torrevieja
An extensive detached villa in popular Torreblanca, only 800m to the beaches. 3 double bedrooms, 2 bathrooms, living room with fireplace, independent kitchen, garage and large underbuild. Private gardens, pergola with structural BBQ and dining area, onsite parking and private swimming pool. Sold unfurnished and in need of renovation but equipped with air conditioning. Superb location with all necessary amenities and the beach within walking distance.
REF
313.300€ 20779 3
04
2 159m
2
840m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
COSTA BLANCA BANK REPOSSESSIONS LA MARINA
BARGAIN VILLA: SPACE FOR A POOL
lamarina
Well presented semi-detached villa offers 3 double bedrooms with fitted wardrobes, 2 bathrooms, spacious lounge/dining room, separate kitchen, balcony terrace, rooftop solarium with jacuzzi, covered front terrace, spacious corner position with onsite parking, summer kitchen, storage and space for private swimming pool. Quiet community with swimming pool and just a short walk to the centre of La Marina and all possible amenities. 10 minutes drive to the beautiful beaches.
REF
131.500€ 33022 3
2
85m
2
164m
2
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS CIUDAD QUESADA
BEAUTIFUL & PEACEFUL LOCATION
ciudadquesada
Situated within a private gated community in popular Doña Pepa. The home offers living room, open plan kitchen, 3 bedrooms (2 with private balcony terraces), 3 bathrooms, and independent guest accommodation with bedroom, kitchen, living room and bathroom. Front and back patio gardens. Equipped with air conditioning, security shutters and grilles. Set on a private, closed complex directly overlooking the community swimming pool and manicured gardens.
REF
172.700€ 33079 3
06
4
162m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
BUYING IN SPAIN? The Property Guide is an invaluable tool for potential home buyers in Spain. The most up-to-date, most comprehensive dedicated Spanish property buyers guide available. Anywhere. Our exclusive 28 page guide leads you through the planning and buying process in Spain so that you are best prepared to purchase your new permanent or holiday home on the Costa Blanca. From knowing where to start, legal considerations, ďŹ nancial matters, local information, and insider tips; our guide has been authored by people that have already made the move to Spain. Packed with online resources, useful contacts, and so much more. Essential reading for the Spanish property buyer.
DOWNLOAD THE PROPERTY GUIDE FROM OUR WEBSITE
www.inmoinvestments.com
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS CIUDAD QUESADA
PEACEFUL LOCATION, BARGAIN HOME
ciudadquesada
Large open plan living/dining room with patio doors, balcony overlooking the salt lakes, a semi independent kitchen (needs refitting), shower room, family bathroom with fitted corner suite, and two double bedrooms with private balconies. Private front and rear low maintenance gardens, onsite parking, and a spacious integrated garage with store room and shower room to the rear. Peaceful community with swimming pool and manicured gardens for residents.
REF
103.800€ 75213 3
08
2
101m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
COSTA BLANCA BANK REPOSSESSIONS ALGORFA
CENTRAL LOCATION, CLOSE TO GOLF
algorfa
A first floor apartment offered at a bargain price. Centrally located in Algorfa, the home offers ample living space and comprises 2 bedrooms with fitted wardrobes, a full bathroom, lounge/dining room with private balcony terrace, and a spacious independent kitchen. Sold unfurnished but in good condition. Community building offers lift access and community swimming pool. All amenities on the doorstep and 1.5km to the prestigious La Finca Golf course.
44.500€ 2
1
REF
50608
70m
2
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS TORREVIEJA
THE PERFECT HOLIDAY HOME PROJECT
torrevieja
This modern apartment in San Luis requires only a little TLC to turn it into your perfect holiday getaway. 2 bedrooms, family bathroom, lounge/dining room, glazed terrace, and open plan kitchen with breakfast bar. Closed complex offers parking and swimming pool for residents. Walking distance to local bars, bistros and restaurants;, and less than a 10 minute drive into the heart of Torrevieja and numerous Blue Flag beaches. The perfect budget holiday home.
53.400€ 2
10
1
REF
76423
63m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
COSTA BLANCA BANK REPOSSESSIONS CALPE
IDYLLIC PANORAMIC MOUNTAIN VIEWS
calpe
Surrounded by rugged Spanish countryside and in need of renovation, this villa is your perfect blank slate. Impressive lounge and dining room, kitchen, and an additional guest apartment. Spacious private garden offers plenty of space for sun bathing, boasting a covered terrace for al fresco dining, garage and additional covered parking spaces for a minimum of 3 vehicles, terraces, and a private swimming pool. Bargain Spanish country home or retirement project.
REF
448.600€ 42474 6
5
446m
2
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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THE TRUTH ABOUT REPOSSESSED PROPERTY INVESTMENTS | BANK OWNED SPANISH PROPERTY SPAIN’S real estate market was hit particularly hard by the global financial crisis of 2008. In the years beforehand properties were being sold as quickly as they could be built, to north European property buyers keen to secure a place in the sun.
In fact, buying a bank owned property in Spain makes a great deal of sense. Priced significantly below their genuine market value, purchasing a bank owned property at a point in time when prices and demand are rising is a shrewd move.
When the world ran out of money Spain’s property bubble burst and the housing market entered freefall. The depression would last for a punishing 7 years, and by 2015 Spanish property prices had fallen by up to 65%.
But there are many other great reasons to consider buying a bank owned property in Spain, other than a great price.
With the global crash affecting their jobs and income at home, many foreign buyers who had financed their property in Spain could ill afford to maintain their mortgage repayments or meet the expenses required to maintain their holiday home in Spain.
Less risk of negative equity. Buying a bank repossessed property in Spain with the market at a low price point means you will have less need to worry about negative equity. It’s unlikely that the property will be worth less than you pay for it. A diverse choice of properties.
Millions of foreign buyers were left in a state of negative equity and, perhaps unsurprisingly, many buyers chose to simply abandon their Spanish holiday properties, with the banks repossessing the vacated stock.
You will find bank owned property of all shapes and sizes in every area of the Costa Blanca. From small apartments to large villas, there is something to suit your requirements from Alicante to Pilar de la Horadada.
The Spanish property market stopped it’s decline in 2015 and has repeatedly demonstrated consistent signs of recovery, with foreign buyers returning to Spain and banks willing to offer mortgages and financial products once more.
Fast chain-free completion. With no chain, purchasing a Spanish bank owned property is simple & fast, and can be completed within 28 days.
Today’s Spanish property market is very different to the fragile bubble it once was. Prices are climbing, and the market has a renewed vigour and energy. But that hasn’t stopped a surge of mis-information making it’s way on to the internet.
When you buy a bank repossessed property from Inmo Investments, the bank keeps any and all debt associated with the home. This includes any mortage or other loans, in addition to community fees, taxes, or anything else that may not have been paid.
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No debt with the property.
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
Trusted & reputable estate agents. Only the most established and trusted estate agents are chosen to represent national Spanish banks. That’s why we are proud to work with our banking partners and offer a fine portfolio of great value local properties. Less paperwork complications. Before a bank offers a Spanish repossessed property to market, they ensure that the essential paperwork is present and in order. Buying a bank owned property means you will always get the documentation you need. Favourable mortgage terms. If you need a mortgage to buy a holiday home in Spain, you are more likely to be offered favourable lending terms if you arrange your mortgage directly with the bank selling the repossessed property. No negotiating prices. Spanish bank owned property prices are fixed. You know what the final cost of your purchase will be from the very beginning, and you avoid the need to negotiate sale prices completely. Removing unpredictable elements. Financial institutions only have a monetary interest in the property and they are more predictable than a private seller. Bank property may require some work, but they make the perfect blank slate. The ultimate motivated seller.
“When you buy a bank repossessed property from Inmo Investments the bank keeps any and all debt associated with the home”.
The banks need to sell their housing stock to mitigate their financial losses. They will be fully committed to a making a sale succeed. If you would like more information about bank owned property in Spain, call us on (0034) 966.919.917 or visit our website at www.inmoinvestments.com.
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS VILLAMARTIN
A PRESTIGIOUS GOLF DEVELOPMENT
costagolf
Located on the highly luxurious Costa Golf development in Villamartin. This spacious property offers lounge/dining area with patio doors leading out to a large sunny terrace, American style kitchen, galleria, family bathroom, and double bedrooms with fitted wardobes. Secure gated community with lift and stair access to the apartment. Well tended gardens and impressive communal swimming pool area. Just a 5 minute walk to the popular Villamartin Plaza.
REF
183.600€ 00564 3
14
2
137m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
LEGALLY COMPLIANT TRANSLATION SERVICES CERTIFIED | QUALIFIED LEGAL ASSISTANCE
MARTA RUIZ CABRERA is the latest addition to the Inmo Investments team. Her passion for attending to the needs of clients made her a discernable complement to our force of legal and property professionals.
A degree qualified professional translator, Marta is sworn by the Ministry of Affairs in Spain, certified to provide legally compliant reliable English and Spanish translation services of the highest quality.
A natural linguist, Marta began studying foreign language many years ago, and today speaks fluent English and German languages in addition to native Spanish.
Friendly, approachable, and professional, she should be your first choice as an independent translator. Marta is a formidable addition to our First Class legal team.
CERTIFIED TRANSLATIONS
+34 966 919 917 COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS VILLAMARTIN
SPACIOUS BARGAIN TOWNHOUSE
las filipinas
Spacious townhouse over 3 floors. Living and dining room, kitchen, front and rear patio gardens, and rooftop solarium with BBQ for year round sun. The ground floor provides a guest apartment with living area, kitchenette, bedroom and bathroom. In need of minor TLC the property is sold with 2 additional storage rooms. Community with swimming pool. Close to local cafes, bistros, bars, shops, and restaurants; a short 5 minute drive to Villamartin Golf course and Plaza
70.200€ 3
16
2
REF
69784
105m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
COSTA BLANCA BANK REPOSSESSIONS TORREVIEJA
OVERLOOKING THE SALT LAKES
la siesta
A bijou end townhouse in popular La Siesta, Torrevieja. The property offers 2 bedrooms, 2 bathrooms (one en-suite), lounge/dining room and open plan modern kitchen, utility room, outside storage, low maintenance garden, sunny terrace and private rooftop solarium with charming views over the salt lakes of La Mata. In need of some TLC but equipped with air conditioning. Quiet location near the salt lakes of La Mata/Torrevieja and walking distance to local amenities.
55.000€ 2
2
REF
72024
61m
2
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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THE COSTA BLANCA CLOSE TO HOME CULTURE | FINE WEATHER
W
hether you are thinking about making a permanent move to Spain or you’re just looking for a holiday home, you will find the Costa Blanca reassuringly close to home. Well served by two modern international airports, sea ports, a great road network, and the largest high speed rail system in Europe, Spain is as accessable as it is enjoyable. Alicante Elche and Murcia San Javier international airports offer connections to national and regional airports throughout northern Europe. Each airport is easily reached within 15-45 minutes by car from your Spanish home on the Costa Blanca, with both airports offering cheap parking. Or alternatively, make use of the great value taxi and local bus services.
Discover consistently low seat prices and everyday all year round flights from many budget airlines. Start your search online with Easyjet, Eurowings, Jet2, FlyBe, Ryanair, Transavia, and Vueling: all offering daily services from most European airports.
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With a median flight time just exceeding two and a half hours from most popular northern European destinations, getting to Spain is easier, faster, and more affordable than you might think.
JUST HOURS
FROM HOME
1 2
FLIGHT TIME 2h 35m average flight time from northern Europe
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Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
COSTA BLANCA BANK REPOSSESSIONS CABO ROIG
EXTENSIVE VILLA, LUXURY POTENTIAL
la regia
An impressive and spacious family home with oodles of potential to be converted into a luxury villa in a sought-after location. Kitchen & utility room, lounge/dining room, storage area, covered and open air terrace, and rooftop solarium. Extensive plot with mature gardens, terraces, onsite parking, garage, underbuild, and private swimming pool. Just a few minutes walk to the Cabo Roig strip and bars, shops, bistros and restaurants; and 1km to the Blue Flag Cabo Roig beach.
REF
337.200€ 52922 4
3 198m
2
900m
2
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS GRAN ALACANT
IMMACULATE MODERN APARTMENT
gran alicant
This almost new bargain Spanish home has never been lived in! Just 800m from the beach located in Residential Lomas del Carabassí, the apartment offers a spacious living room, separate kitchen, modern bathrooms, and a terrace which adjoins the complex interior. Community gardens and swimming pool. Cafes, bars, bistros and restaurants on the doorstep, and only 10 minutes by car to Alicante El Altet airport. A holiday home with excellent rental and investment potential.
77.200€ 3
20
2
REF
52299
79m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
COSTA BLANCA BANK REPOSSESSIONS VILLAMARTIN
BARGAIN: GREAT VALUE GOLF VILLA
villamartin
Walking distance to the golf course and Villamartin Plaza, this quad villa enjoys pool and sea views with a super location. Extensive accommodation and the possibility to add a third bedroom, master bedroom with sun terrace, impressive private garden & terraces. Community offering charming communal gardens and swimming pool for residents. Good condition and in need of only minor TLC to turn this property in to a beautiful holiday home or pemanent residence.
83.300€ 2
2
92m
2
REF
50639
87m
2
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS LA ZENIA
IMMACULATE MODERN APARTMENT
playa golf
Well maintained San Jose style quad villa in a peaceful location. Spacious living room, dining area, possible third bedroom, downstairs WC and shower, American style kichen, covered dining terrace, low maintenance garden, private parking, balcony terrace, and rooftop solarium with distant sea views for year round sun. Equipped with Panasonic air conditioning throughout, security shutters, and grilles. Community offers impressive swimming pool and sun terraces for residents.
REF
102.800€ 66306 2
22
2
80m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
GREAT VALUE HOMES IN SPAIN FROM A NAME YOU CAN TRUST Only the most trusted and established Estate Agents are chosen to represent the fifth largest banking organisation in Spain. That´s why we´re proud to work with Solvia, and why we can offer you the best bank owned properties in Spain at simply unbeatable prices. Whether you choose to buy for investment or personal use, you will find Solvia bank owned homes a very attractive proposition. The buying process is guaranteed and underwritten by Sabadell Bank for your peace of mind. Talk to Inmo Investments today for professional property advice.
Real Estate
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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COSTA BLANCA BANK REPOSSESSIONS LA MANGA
NEARLY NEW BEACHSIDE APARTMENT
la manga
Located in highly sought-after La Manga del Mar Menor, this bargain beachside getaway has never been lived in! Modern bathroom, spacious lounge/dining room, fully fitted galley style kitchen, and private balcony terrace. Equipped with air conditioning, private parking space, lift access and community pool with lawned gardens. Amazing location front line to the beach and walking distance to all amenities. A fabulous holiday home with excellent rental and investment potential.
84.300€ 2
24
1
REF
32510
64m
2
Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
COSTA BLANCA BANK REPOSSESSIONS
PINAR DE CAMPOVERDE
AN EXTENSIVE VILLA, A BARGAIN PRICE
campoverde
An exceptionally impressive family home with separate apartment, perfect for guests or extended family. 2 kitchens, 2 lounge/dining rooms, terraces, sunny rooftop solarium, private garden with onsite parking and private swimming pool. An elevated south west aspect with charming views. In good condition with pre-installation of air conditioning. Quiet location, a short drive to local amenities and only minutes away from some of the finest beaches on the Orihuela Costa.
REF
298.700€ 32772 7
3
250m
2
COSTA BLANCA BANK REPOSSESSIONS | Inmo Investments
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TEN GREAT REASONS FOR PURCHASING YOUR NEW HOME IN SPAIN Changes to legislation. The UK introduced changes to the way in which people could access the money locked away in their pensions. Money that was previously inaccessible to many can now be used to invest in a property purchase abroad.
Phone and internet. Contrary to popular belief, a telephone and internet connection is easy to obtain and affordable too, with packages including free international phone calls and 3Mb internet widely available from just €32 per month.
A growing rental market. As the economy continues its recovery at a remarkable rate, more people are moving to Spain for work. This is leading to an increase in demand for long term rental properties in a market dominated by short term holiday lets.
Closer to home. With a median flight time of just 2h 35m from popular European destinations, consistently low seat prices, and everyday all year round flights from many budget airlines; getting to Spain is easier & more affordable than you might think.
Choice of properties. Without a doubt, the Spanish property market offers potential purchasers and investors the widest possible choice of homes in Europe. With property available for less than €30,000 it’s easy to get the home you dream of.
Low cost of living. Food and essential everyday products are cheaper in Spain than in most of northern Europe, and out and about expect to pay €1 for a freshly prepared coffee, and €2 for a large San Miguel: the locals favourite beer.
It’s a buyers market. For now. Whilst home sales throughout Alicante and most other parts of Spain are on the increase, housing stocks remain at high levels in Spain. Potential buyers can leverage their strong position to obtain the best value.
Affordable dining out. Eating out isn’t just a pleasant everyday experience, it’s affordable too. A typical lunch (menu del dia) costs around €8,00 per person including a beer, glass of wine, or soft drink; and dinner prices don’t go much higher.
Low fixed running costs. Fixed utility costs for maintaining a home in Spain are lower than most other European countries. Council tax in particular can be reasonable, with a moderately sized villa in Ciudad Quesada costing as little as €140 a year.
Political stability. Spain has enjoyed decades of political stability, and following the geopolitical turmoil affecting many parts of eastern Europe and north Africa, Spain’s Costa Blanca is appearing all the more the attractive investment.
© 2017 Inmo Investments Real Estate SL, Calle Alhambra 18, La Zenia, 03189 Orihuela Costa, Costa Blanca, Spain. First published February 2017. This publication remains the sole property of Inmo Investments Real Estate SL. This publication, or any part of this publication, may not be copied, reproduced, duplicated, or stored in any form: electronic, digital, physical or mechanical; except for the purpose of strictly non-commercial personal use, without the express written consent of Inmo Investments. The text and images contained herein remain the intellectual property of Inmo Investments, except where third-party content has been used in which case the intellectual property rights remain with the credited party. You may not adapt, amend, adjust, or use any of the contents of this publication, except for the purpose of strictly non-commercial personal use, without the express written consent of Inmo Investments. Prices, exchange rates, and availability are subject to change without notice. Prices quoted are exclusive of tax, information verified at date of publication.
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Inmo Investments | COSTA BLANCA BANK REPOSSESSIONS
WE’RE A GREAT ESTATE AGENT Every year we help hundreds of people buy and sell their homes in Spain. Our customers are our prority, so we constantly strive to ensure that we perform beyond expectations, always providing First Class estate agency service. Exceptional real estate service since 2003.
JUST ASK OUR CUSTOMERS
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+34 966 919 917 www.inmoinvestments.com info@inmoinvestments.com C/ALHAMBRA 18, LA ZENIA ORIHUELA COSTA 03189