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Page 1: BANK OWNED PROPERTY BARGAIN SPANISH HOMESinmoinvestments.com/media/files/news/costablancabank...12 13 SPAIN’S real estate market was hit particularly hard by the global financial
Page 2: BANK OWNED PROPERTY BARGAIN SPANISH HOMESinmoinvestments.com/media/files/news/costablancabank...12 13 SPAIN’S real estate market was hit particularly hard by the global financial

BANK OWNED PROPERTYBARGAIN SPANISH HOMESCosta Blanca Property For Sale.

With so much uncertainty in traditionalinvestment markets, this year is alreadyproving difficult for potential investors. Bycontrast, Spain's property market is off to aflying start with the latest data predictingrecord property sales for this year.

Last year saw resale property prices in Spainrise by 2.3% according to Spanish NewsToday, and by 2019 the increase in prices isexpected to reach 5.0% per annum.

International Living magazine declared Spainto be the 7th best place in the world to retire,citing Spain's low cost of living and real estateaffordability as just two of the reasons that thecountry still attracts property investment froma broad spectrum of investors.

And you don’t need to be wealthy to own ahome in Spain. With prices at their lowest ebband Spanish property prices & demand on theincrease, this is an ideal time to invest in ahome on the Costa Blanca.

Property Wire report that the glut of unsoldhomes built in Spain prior to 2008 is drying up,with 20% of the excess housing stockexpected to be sold during 2016 and a similarreduction predicted for 2017.

Office AdministratorInmo Investments Real Estate

03

Shelley StarkeyShelley StarkeyThe result is a market that offers investorsstability and assuredness, coupled withpersistently low mortgage lending rates, anda growing market for rental property whichpromises inflation-beating rental returns.

In a climate where bank deposit interest andinvestment yields are stagnant, Spanishresidential property represents a soundinvestment whatever your budget, A greatinvestment opportunity with a recent historyof stability and consistent growth. Contact ustoday for the best property advice.

BANK REPOSSESSIONScosta blanca

COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|

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05COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|04 Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

An extensive detached villa in popularTorreblanca, only 800m to the beaches. 3double bedrooms, 2 bathrooms, living roomwith fireplace, independent kitchen, garageand large underbuild. Private gardens, pergolawith structural BBQ and dining area, onsiteparking and private swimming pool. Soldunfurnished and in need of renovation butequipped with air conditioning. Superblocation with all necessary amenities and thebeach within walking distance.

m2 m2

CLOSE TO THE BEACH, LUXURY VILLAtorrevieja

COSTA BLANCABANK REPOSSESSIONS

TORREVIEJA

REF20779313.300€

8401593 2

COSTA BLANCABANK REPOSSESSIONS

LA MARINA

Well presented semi-detached villa offers 3double bedrooms with fitted wardrobes, 2bathrooms, spacious lounge/dining room,separate kitchen, balcony terrace, rooftopsolarium with jacuzzi, covered front terrace,spacious corner position with onsite parking,summer kitchen, storage and space for privateswimming pool. Quiet community withswimming pool and just a short walk to thecentre of La Marina and all possible amenities.10 minutes drive to the beautiful beaches.

m2 m2

REF33022131.500€

164853 2

BARGAIN VILLA: SPACE FOR A POOLlamarina

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The Property Guide is an invaluable toolfor potential home buyers in Spain. Themost up-to-date, most comprehensivededicated Spanish property buyers guideavailable. Anywhere.

Our exclusive 28 page guide leads youthrough the planning and buying processin Spain so that you are best prepared topurchase your new permanent or holidayhome on the Costa Blanca.

From knowing where to start, legalconsiderations, financial matters, localinformation, and insider tips; our guidehas been authored by people that havealready made the move to Spain.

Packed with online resources, usefulcontacts, and so much more. Essentialreading for the Spanish property buyer.

BUYING IN SPAIN?

DOWNLOAD THE PROPERTYGUIDE FROM OUR WEBSITEwww.inmoinvestments.comwww.inmoinvestments.com

0706 COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

Situated within a private gated community inpopular Doña Pepa. The home offers livingroom, open plan kitchen, 3 bedrooms (2 withprivate balcony terraces), 3 bathrooms, andindependent guest accommodation withbedroom, kitchen, living room and bathroom.Front and back patio gardens. Equipped withair conditioning, security shutters and grilles.Set on a private, closed complex directlyoverlooking the community swimming pooland manicured gardens.

BEAUTIFUL & PEACEFUL LOCATIONciudadquesada

COSTA BLANCABANK REPOSSESSIONS

CIUDAD QUESADA

REF33079172.700€

3 4 m2162

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COSTA BLANCABANK REPOSSESSIONS

ALGORFA

A first floor apartment offered at a bargainprice. Centrally located in Algorfa, the homeoffers ample living space and comprises 2bedrooms with fitted wardrobes, a fullbathroom, lounge/dining room with privatebalcony terrace, and a spacious independentkitchen. Sold unfurnished but in goodcondition. Community building offers liftaccess and community swimming pool. Allamenities on the doorstep and 1.5km to theprestigious La Finca Golf course.

m2

REF5060844.500€

702 1

CENTRAL LOCATION, CLOSE TO GOLFalgorfa

08 Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

Large open plan living/dining room with patiodoors, balcony overlooking the salt lakes, asemi independent kitchen (needs refitting),shower room, family bathroom with fittedcorner suite, and two double bedrooms withprivate balconies. Private front and rear lowmaintenance gardens, onsite parking, and aspacious integrated garage with store roomand shower room to the rear. Peacefulcommunity with swimming pool andmanicured gardens for residents.

m2

PEACEFUL LOCATION, BARGAIN HOMEciudadquesada

COSTA BLANCABANK REPOSSESSIONS

CIUDAD QUESADA

REF75213103.800€

1013 2

09COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|

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This modern apartment in San Luis requiresonly a little TLC to turn it into your perfectholiday getaway. 2 bedrooms, familybathroom, lounge/dining room, glazedterrace, and open plan kitchen with breakfastbar. Closed complex offers parking andswimming pool for residents. Walkingdistance to local bars, bistros and restaurants;,and less than a 10 minute drive into the heartof Torrevieja and numerous Blue Flagbeaches. The perfect budget holiday home.

m2

THE PERFECT HOLIDAY HOME PROJECTtorrevieja

COSTA BLANCABANK REPOSSESSIONS

TORREVIEJA

REF7642353.400€

632 1

1110 COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

Surrounded by rugged Spanish countrysideand in need of renovation, this villa is yourperfect blank slate. Impressive lounge anddining room, kitchen, and an additional guestapartment. Spacious private garden offersplenty of space for sun bathing, boasting acovered terrace for al fresco dining, garageand additional covered parking spaces for aminimum of 3 vehicles, terraces, and a privateswimming pool. Bargain Spanish countryhome or retirement project.

IDYLLIC PANORAMIC MOUNTAIN VIEWScalpe

REF42474448.600€

6 5 m2446

COSTA BLANCABANK REPOSSESSIONS

CALPE

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1312

SPAIN’S real estate market was hit particularlyhard by the global financial crisis of 2008. Inthe years beforehand properties were beingsold as quickly as they could be built, to northEuropean property buyers keen to secure aplace in the sun.

When the world ran out of money Spain’sproperty bubble burst and the housing marketentered freefall. The depression would last fora punishing 7 years, and by 2015 Spanishproperty prices had fallen by up to 65%.

With the global crash affecting their jobs andincome at home, many foreign buyers whohad financed their property in Spain could illafford to maintain their mortgage repaymentsor meet the expenses required to maintaintheir holiday home in Spain.

Millions of foreign buyers were left in a stateof negative equity and, perhaps unsurprisingly,many buyers chose to simply abandon theirSpanish holiday properties, with the banksrepossessing the vacated stock.

The Spanish property market stopped it’sdecline in 2015 and has repeatedlydemonstrated consistent signs of recovery,with foreign buyers returning to Spain andbanks willing to offer mortgages and financialproducts once more.

Today’s Spanish property market is verydifferent to the fragile bubble it once was.Prices are climbing, and the market has arenewed vigour and energy. But that hasn’tstopped a surge of mis-information making it’sway on to the internet.

THE TRUTH ABOUTREPOSSESSED PROPERTYINVESTMENTS BANK OWNED SPANISH PROPERTY|

In fact, buying a bank owned property in Spainmakes a great deal of sense. Pricedsignificantly below their genuine market value,purchasing a bank owned property at a pointin time when prices and demand are rising isa shrewd move.

But there are many other great reasons toconsider buying a bank owned property inSpain, other than a great price.

Less risk of negative equity.

Buying a bank repossessed property in Spainwith the market at a low price point meansyou will have less need to worry aboutnegative equity. It’s unlikely that the propertywill be worth less than you pay for it.

A diverse choice of properties.

You will find bank owned property of allshapes and sizes in every area of the CostaBlanca. From small apartments to large villas,there is something to suit your requirementsfrom Alicante to Pilar de la Horadada.

Fast chain-free completion.

With no chain, purchasing a Spanish bankowned property is simple & fast, and can becompleted within 28 days.

No debt with the property.

When you buy a bank repossessed propertyfrom Inmo Investments, the bank keeps anyand all debt associated with the home. Thisincludes any mortage or other loans, inaddition to community fees, taxes, or anythingelse that may not have been paid.

Trusted & reputable estate agents.

Only the most established and trusted estateagents are chosen to represent nationalSpanish banks. That’s why we are proud towork with our banking partners and offer afine portfolio of great value local properties.

Less paperwork complications.

Before a bank offers a Spanish repossessedproperty to market, they ensure that theessential paperwork is present and in order.Buying a bank owned property means you willalways get the documentation you need.

Favourable mortgage terms.

If you need a mortgage to buy a holiday homein Spain, you are more likely to be offeredfavourable lending terms if you arrange yourmortgage directly with the bank selling therepossessed property.

No negotiating prices.

Spanish bank owned property prices are fixed.You know what the final cost of yourpurchase will be from the very beginning, andyou avoid the need to negotiate sale pricescompletely.

Removing unpredictable elements.

Financial institutions only have a monetaryinterest in the property and they are morepredictable than a private seller. Bankproperty may require some work, but theymake the perfect blank slate.

The ultimate motivated seller.

The banks need to sell their housing stock tomitigate their financial losses. They will be fullycommitted to a making a sale succeed.

If you would like more information aboutbank owned property in Spain, call us on(0034) 966.919.917 or visit our website atwww.inmoinvestments.com.

“When you buy a bankrepossessed property

from Inmo Investmentsthe bank keeps any andall debt associated with

the home”.

“When you buy a bankrepossessed property

from Inmo Investmentsthe bank keeps any andall debt associated with

the home”.

COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

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Located on the highly luxurious Costa Golfdevelopment in Villamartin. This spaciousproperty offers lounge/dining area with patiodoors leading out to a large sunny terrace,American style kitchen, galleria, familybathroom, and double bedrooms with fittedwardobes. Secure gated community with liftand stair access to the apartment. Welltended gardens and impressive communalswimming pool area. Just a 5 minute walk tothe popular Villamartin Plaza.

m2

A PRESTIGIOUS GOLF DEVELOPMENTcostagolf

COSTA BLANCABANK REPOSSESSIONS

VILLAMARTIN

REF00564183.600€

1373 2

LEGALLY COMPLIANTTRANSLATION SERVICESCERTIFIED QUALIFIED LEGAL ASSISTANCE|

ARTA RUIZ CABRERA is the latestaddition to the Inmo Investments team. Herpassion for attending to the needs of clientsmade her a discernable complement to ourforce of legal and property professionals.

A natural linguist, Marta began studyingforeign language many years ago, and todayspeaks fluent English and German languagesin addition to native Spanish.

M A degree qualified professional translator,Marta is sworn by the Ministry of Affairs inSpain, certified to provide legally compliantreliable English and Spanish translationservices of the highest quality.

Friendly, approachable, and professional, sheshould be your first choice as an independenttranslator. Marta is a formidable addition toour First Class legal team.

CERTIFIEDTRANSLATIONS

1514 COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

+34 966 919 917

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Spacious townhouse over 3 floors. Living anddining room, kitchen, front and rear patiogardens, and rooftop solarium with BBQ foryear round sun. The ground floor provides aguest apartment with living area, kitchenette,bedroom and bathroom. In need of minorTLC the property is sold with 2 additionalstorage rooms. Community with swimmingpool. Close to local cafes, bistros, bars, shops,and restaurants; a short 5 minute drive toVillamartin Golf course and Plaza

SPACIOUS BARGAIN TOWNHOUSElas filipinas

COSTA BLANCABANK REPOSSESSIONS

VILLAMARTIN

REF6978470.200€

1053 2

1716 COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

m2

A bijou end townhouse in popular La Siesta,Torrevieja. The property offers 2 bedrooms,2 bathrooms (one en-suite), lounge/diningroom and open plan modern kitchen, utilityroom, outside storage, low maintenancegarden, sunny terrace and private rooftopsolarium with charming views over the saltlakes of La Mata. In need of some TLC butequipped with air conditioning. Quiet locationnear the salt lakes of La Mata/Torrevieja andwalking distance to local amenities.

m2

OVERLOOKING THE SALT LAKESla siesta

REF7202455.000€612 2

COSTA BLANCABANK REPOSSESSIONS

TORREVIEJA

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COSTA BLANCABANK REPOSSESSIONS

CABO ROIG

An impressive and spacious family home withoodles of potential to be converted into aluxury villa in a sought-after location. Kitchen& utility room, lounge/dining room, storagearea, covered and open air terrace, androoftop solarium. Extensive plot with maturegardens, terraces, onsite parking, garage,underbuild, and private swimming pool. Just afew minutes walk to the Cabo Roig strip andbars, shops, bistros and restaurants; and 1kmto the Blue Flag Cabo Roig beach.

REF52922337.200€

EXTENSIVE VILLA, LUXURY POTENTIALla regia

FLIGHT TIME

JUSTHOURS 221FROM HOME

2h 35m average flight time from northern Europe

THE COSTA BLANCACLOSE TO HOMECULTURE FINE WEATHER|

hether you are thinking about making apermanent move to Spain or you’re justlooking for a holiday home, you will find theCosta Blanca reassuringly close to home.

Well served by two modern internationalairports, sea ports, a great road network, andthe largest high speed rail system in Europe,Spain is as accessable as it is enjoyable.

Alicante Elche and Murcia San Javierinternational airports offer connections tonational and regional airports throughoutnorthern Europe.

Each airport is easily reached within 15-45minutes by car from your Spanish home onthe Costa Blanca, with both airports offeringcheap parking. Or alternatively, make use ofthe great value taxi and local bus services.

Discover consistently low seat prices andeveryday all year round flights from manybudget airlines. Start your search online withEasyjet, Eurowings, Jet2, FlyBe, Ryanair,Transavia, and Vueling: all offering dailyservices from most European airports.

With a median flight time just exceeding twoand a half hours from most popular northernEuropean destinations, getting to Spain iseasier, faster, and more affordable than youmight think.

W

1918 COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

m2 m29001984 3

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This almost new bargain Spanish home hasnever been lived in! Just 800m from the beachlocated in Residential Lomas del Carabassí,the apartment offers a spacious living room,separate kitchen, modern bathrooms, and aterrace which adjoins the complex interior.Community gardens and swimming pool.Cafes, bars, bistros and restaurants on thedoorstep, and only 10 minutes by car toAlicante El Altet airport. A holiday home withexcellent rental and investment potential.

IMMACULATE MODERN APARTMENTgran alicant

COSTA BLANCABANK REPOSSESSIONS

GRAN ALACANT

REF5229977.200€

m2793 2

2120 COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

COSTA BLANCABANK REPOSSESSIONS

VILLAMARTIN

Walking distance to the golf course andVillamartin Plaza, this quad villa enjoys pooland sea views with a super location. Extensiveaccommodation and the possibility to add athird bedroom, master bedroom with sunterrace, impressive private garden & terraces.Community offering charming communalgardens and swimming pool for residents.Good condition and in need of only minorTLC to turn this property in to a beautifulholiday home or pemanent residence.

m2 m2

REF5063983.300€

87922 2

BARGAIN: GREAT VALUE GOLF VILLAvillamartin

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Well maintained San Jose style quad villa in apeaceful location. Spacious living room, diningarea, possible third bedroom, downstairs WCand shower, American style kichen, covereddining terrace, low maintenance garden,private parking, balcony terrace, and rooftopsolarium with distant sea views for year roundsun. Equipped with Panasonic air conditioningthroughout, security shutters, and grilles.Community offers impressive swimming pooland sun terraces for residents.

IMMACULATE MODERN APARTMENTplaya golf

COSTA BLANCABANK REPOSSESSIONS

LA ZENIA

REF66306102.800€

m2802 2

22 Inmo Investments COSTA BLANCA BANK REPOSSESSIONS| 23COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|

Real Estate

GREAT VALUE HOMESIN SPAIN FROM A NAME

YOU CAN TRUST

Only the most trusted and established Estate Agents are chosen torepresent 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 bankowned properties in Spain at simply unbeatable prices.

Whether you choose to buy for investment or personal use, you will findSolvia bank owned homes a very attractive proposition. The buyingprocess is guaranteed and underwritten by Sabadell Bank for your

peace of mind.

Talk to Inmo Investments today for professional property advice.

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2524 COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

Located in highly sought-after La Manga delMar Menor, this bargain beachside getawayhas never been lived in! Modern bathroom,spacious lounge/dining room, fully fitted galleystyle kitchen, and private balcony terrace.Equipped with air conditioning, private parkingspace, lift access and community pool withlawned gardens. Amazing location front lineto the beach and walking distance to allamenities. A fabulous holiday home withexcellent rental and investment potential.

NEARLY NEW BEACHSIDE APARTMENTla manga

COSTA BLANCABANK REPOSSESSIONS

LA MANGA

REF3251084.300€

An exceptionally impressive family home withseparate apartment, perfect for guests orextended family. 2 kitchens, 2 lounge/diningrooms, terraces, sunny rooftop solarium,private garden with onsite parking and privateswimming pool. An elevated south westaspect with charming views. In good conditionwith pre-installation of air conditioning. Quietlocation, a short drive to local amenities andonly minutes away from some of the finestbeaches on the Orihuela Costa.

AN EXTENSIVE VILLA, A BARGAIN PRICEcampoverde

REF32772298.700€

7 3 m2250

COSTA BLANCABANK REPOSSESSIONS

PINAR DE CAMPOVERDE

m2642 1

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GOOGLE REVIEWS5.0 / 5.0

CUSTOMER RATING

FACEBOOK4.8 / 5.0

CUSTOMER RATING

WE’RE A GREATESTATE AGENT

JUST ASK OURCUSTOMERS

Every year we help hundreds of people buy andsell their homes in Spain. Our customers areour prority, so we constantly strive to ensurethat we perform beyond expectations, alwaysproviding First Class estate agency service.Exceptional real estate service since 2003.

© 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 theexpress written consent of Inmo Investments. The text and images contained herein remain the intellectual property of Inmo Investments, except wherethird-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 anyof 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.

Changes to legislation.The UK introduced changes tothe way in which people couldaccess the money locked away in

their pensions. Money that was previouslyinaccessible to many can now be used toinvest in a property purchase abroad.

A growing rental market.As the economy continues itsrecovery at a remarkable rate,more people are moving to Spain

for work. This is leading to an increase indemand for long term rental properties in amarket dominated by short term holiday lets.

Choice of properties.Without a doubt, the Spanishproperty market offers potentialpurchasers and investors the

widest possible choice of homes in Europe.With property available for less than €30,000it’s easy to get the home you dream of.

It’s a buyers market.For now. Whilst home salesthroughout Alicante and mostother parts of Spain are on the

increase, housing stocks remain at high levelsin Spain. Potential buyers can leverage theirstrong position to obtain the best value.

Low fixed running costs.Fixed utility costs for maintaininga home in Spain are lower thanmost other European countries.

Council tax in particular can be reasonable,with a moderately sized villa in CiudadQuesada costing as little as €140 a year.

TEN GREAT REASONS FOR PURCHASING YOUR NEW HOME IN SPAIN

Phone and internet.Contrary to popular belief, atelephone and internetconnection is easy to obtain and

affordable too, with packages including freeinternational phone calls and 3Mb internetwidely available from just €32 per month.

Closer to home.With a median flight time of just2h 35m from popular Europeandestinations, consistently low

seat prices, and everyday all year round flightsfrom many budget airlines; getting to Spain iseasier & more affordable than you might think.

Low cost of living.Food and essential everydayproducts are cheaper in Spainthan in most of northern

Europe, and out and about expect to pay €1for a freshly prepared coffee, and €2 for alarge San Miguel: the locals favourite beer.

Affordable dining out.Eating out isn’t just a pleasanteveryday experience, it’saffordable too. A typical lunch

(menu del dia) costs around €8,00 per personincluding a beer, glass of wine, or soft drink;and dinner prices don’t go much higher.

Political stability.Spain has enjoyed decades ofpolitical stability, and followingthe geopolitical turmoil affecting

many parts of eastern Europe and northAfrica, Spain’s Costa Blanca is appearing all themore the attractive investment.

26 27COSTA BLANCA BANK REPOSSESSIONS Inmo Investments|Inmo Investments COSTA BLANCA BANK REPOSSESSIONS|

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+34 966 919 917www.inmoinvestments.com

[email protected]/ALHAMBRA 18, LA ZENIA

ORIHUELA COSTA 03189