Spain's Costa Cálida - Price Properties Well and They Will Sell

Online, October 26, 2009 (Newswire.com) - September was Mercers' best sales month this year. Put simply the buying public are after bargains and that's exactly what they're getting on the Costa Cálida. Price two bedroom terraced villas on an established golf community from as little as 50,000 euros (46,000 pounds) and they will sell.

Director of Mercers' Mazarron office, Gerard Rees, explains, "The bottom line is that price drives sales and our discounted properties offset any exchange rate concerns. In euro terms prices at our most popular resort, Camposol Golf, have fallen by about 30%. Meanwhile the vendor is content with repatriating increased funds back to the UK. Whilst buyers may have dried up on other Costas, here on the Costa Cálida we have no shortage of lifestyle buyers who are unaffected by the recession and looking to take advantage of our bargains."

Gerard continues, "On Camposol Golf in particular we have resale properties priced about the same as new in 2002. Loan-to-value rates currently being offered by Spanish banks are also back to their old levels. For UK buyers this means now around 50% - 65% and for Spanish nationals 65% plus. Although not good, this is exactly how it was for us in the 90's right up until the early 2000's with most of our buyers borrowing in the UK, having the cash or a combination of the two. So really we are going back seven to eight years in terms of pricing and bank lending. Once lending increases then house prices will return to where they were 18 months ago within a fairly quick time frame. In the meantime prices have certainly bottomed out."

Costa Cálida's Best Bargains?
ROD63 - Rosa Villa, Camposol, Mazarron, Costa Cálida
http://www.spanishproperty.co.uk/detailedview.php?propertyid=85336
With Camposol Golf's average Rosa style villa selling for 155,000 euros, this 95,000 euro example is Mercers' best bargain. Comprising two bedrooms and two bathrooms, the detached home is on a 400m² corner plot providing plenty of scope for a swimming pool. The property is delivered fully furnished, is fitted with air-conditioning and has a spectacular rooftop solarium with views across the countryside and surrounding mountains.
Price just 95,000 euros (approx. 86,000 pounds)

NED60 - Neptuno Villa, Camposol, Mazarron, Costa Cálida
http://www.spanishproperty.co.uk/detailedview.php?propertyid=26308
Exceptional three bedroom three bathroom Neptuno style villa set on a 285m² plot within the popular Camposol Golf resort. The detached home has all extras from hot and cold air-conditioning to a solar panel for hot water and satellite television. The rooftop solarium has wide countryside views and furniture including white goods and a luxurious outdoor Jacuzzi is included in the asking price.
Price 160,000 euros (approx. 146,000 pounds) and open to offers

Contact Mercers on 00 34 968 199 188, UK Local Rate 0845 017 7805, email [email protected] or visit www.spanishproperty.co.uk.

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