What Michael Liggan of Altavista property expects for the Marbella Property Market in 2012?
Property investments, in Marbella, Puerto Banus, Elivira, Estepona and the New Golden Mile
For the last ten years investing in property the world over has been seen as a safe bet with prices rising dramatically fortunes were made almost overnight. But the current debt crisis has probably hit the property sector the hardest, with the biggest slump in prices since the crash in the 1990s. With some experts predicting prices continuing to fall further.
Alongside the soaring property prices was soaring construction with thousands of new homes being built, Marbella like many other towns now has a glut of unsold or repossessed properties. The Spanish banking giant Santander, now being the largest property owner in Spain.
“Though what can be bad news for one person can be good news for another.” Michael Liggan, Altavista property
Michael Liggan the driving force behind Altavista property has a large selection of properties in Marbella, the holiday heart of the Costa del Sol, and in the elegant port of Puerto Banus, Elivira and the “New Golden Mile” that now links Estepona. For many in the past investing in a property in Marbella was not an option, as they were generally priced out of the market. But with Altavista Spain and our 100% mortgages alongside a 30-50% fall in property prices which has now afforded many the opportunity to invest, and what seemed unaffordable ten years ago is now a distinct possibility with Altavista property.
“Many Marbella properties are exclusive to us, and are simply the best value we have right now – anywhere.” Michael Liggan, Altavista property.
Mortgages for foreigners in Spain are typically 50-70%, but you can now get a 100% mortgage on your new home when you buy an Altavista Spain exclusive property.
How has Altavista property done it?
In short, it’s taken months of careful negotiation, but we’ve managed to secure a limited number of key-ready, 30-50% discounted prime properties with the unique benefit of 100% mortgages.
The properties Altavista Spain are offering are currently owned by the banks (i.e. they’re repossessions), or by developers whom the banks are financing. Banks are not in the real estate business; they are about loans. They would rather hold loans than real estate, hence why they have given the real estate to us. One of our conditions was 100% mortgages in place for our clients.
Never has there been a better time to invest in your dream home on the Costa del Sol and why Altavista property?
- The right property
Altavista property.com has the widest choices of property out there
- The right price
Altavista property.com specialises in finding value for money
- The right place
Choose your location, or let Altavista property.com be your guide
- The right time prices are as low as they’re likely to go
Like us at Altavista property.com you already know it’s the right time to buy a property in Spain
- The right agent