Distressed sales in Alcaidesa

Distressed sales in Alcaidesa... cash in on the credit crunch

Due to the massive boom in property construction over the past 5 years on the Costa del Sol Spain and the subsequent slow down due to the recession hitting hard in 2008, there is currently an exciting window of opportunity for property investors to buy into the Spanish property market at hugely reduced prices through purchasing distressed sales.

Many unfortunate off-plan property investors who completed on properties they find they now cannot financially keep, have been forced to make the decision of either selling for far less than the market value (creating a distressed sale), or having the property repossessed by the bank. Other purchasers have pulled out of their purchases and not continued with their sales, thereby losing their prepaid deposit. These properties are also being placed on the market by some promoters as distressed sales from the developers themselves.

Foreclosures have been an inevitable reality with many buyers’ circumstances having dramatically changed resulting in their inability to fulfill mortgage commitments and the property then becoming available for re-sale through the bank. Many promoters and property developers are freeing up cut price apartments and houses for sale at rock bottom clearance prices far below the original prices forecasted for these properties.

Our inside knowledge and reliable presence in the area enabling us to source quality, distressed sale properties to offer you at fabulous prices is an opportunity not to be missed.