Bank Repossessions at Polaris World Resorts: Property Bargains
We have a fantastic selection of bank owned property at the Polaris World resorts. These properties come with high mortgages available, up to 100% for non residents and prices for apartments start as low as 60,000 Euros.
For example, the properties owned by CAM bank at Polaris World
at Condado de Alhama and Hacienda Riquelme resorts are typically 50% to 65% discounted from their original list prices.
A number of banks have properties on the resorts at that they need to sell. Property is available from CAM bank, Caja Murcia, Banco Popular, Bank Caja, Banco Valencia and more.
The advantage for buyers of Polaris World bank repo properties is not only the price but the high LTV mortgages available, even to non residents.
Banks are keen to lend up to 90% or even 100% mortgages on selected product. Properties are usually brand new although some consumer repossessions could be up to five years old.
We have a limited selection of Polaris World Bank Repossesions across all six resorts. With some of the reposessed properties it is possible to bid on a property below the asking price. However any bid must be above the reserve price that is set. On each of our listed prices on this website there is a link to email us for the reserve price.
Very few villas are available but they do come up occassionally. We have a selection of Melvin bank repossessed apartments at Mar Menor starting from €130,000. These fabulous apartments come with full 100% mortgage and offer spacious two bedroom two bathroom interiors with large terraces.
Just outside the resort we have apartments on the Boulevard, again with high mortgages from just €72,000.
Occassional villas, townhouse and apartments become available at La Torre golf resort. These prove very popular when they do arise so hurry!
Very few have become available at El Valle resort.
The bank repossessions at Hacienda Riquelme resort are currently some of the best bargains available. A small selection of repossessed apartments starting from around €65,000 with 90% mortgages.
Some of the cheapest bank repossession properties on any of the Polaris World resorts. Apartments with up to 100% mortgage.
A good selection of two and three bedroom bank repossessions at Condado de Alhama golf resort with properties from as little as €65,000. The two bedroom apartments offer roof top terraces whilst the three bedroom apartments located on the ground floor are offered at €70,000.
Currently the bank repossessions at Polaris World resorts offer some tremendous deals during 2012. However as the market continues its rapid climb that we have seen this year we expect prices will start to be increased by the banks and potentially the 100% mortgage options may start to be reduced.
We would recommend to anybody seriously considering a property purchase in Spain to buy now while prices are depressed as with rising market activity and bargain hunters selecting the best property options there is likely to be only one way for prices in the coming months.