Our biggest range of property deals on the Polaris World resorts is on offer through CAM bank. But time is running out.
CAM was bailed out by the Spanish government back in July and is to be sold to one of the bigger banks before mid December 2011. Possible buyers include Sabadell, Santander, Barclays and BBVA.
In the last 18 months CAM bank which financed a good proportion of the Polaris World resorts has led the way among Spanish banks in slashing prices in some cases to under half their original price. CAM has continued to provide the best value on prices for bank property in Spain along with offering excellent mortgage terms, while other Spanish banks have failed to match the prices that CAM offer.
CAM – under direction from the Spanish government – is keen to clear as much property as possible before the sale. This could be the last opportunity to pick up a huge reduction.