Some distressed properties for sale
We are starting to get some properties are below market value, below bank value and some owners are starting to hurt because of the situation in Spain. For example, we have one guy, who can do a build of 200m2 in Javea, a good area, with a villa of 200m2 with a pool for around 360.000 euros. Normally in this zone they would go for around 500 or 600k euros, there are some other deals in costa del sol going we have access too, for people with some money etc. The new builds are for cash buyers, the resales is possible to get mortgage finance. Thank you.
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