There have been an increasing number of Costa Blanca repossessions over the last 12 months as buyers default on their mortgage payments, and the banks are forced to repossess their properties. As a result, it is possible to buy apartments and villas all over the Costa Blanca for the outstanding cost of the mortgage. This is often at a huge discount to the market value of the property – sometimes up to 50 or 60% discount.
One reason that it is possible to get such great bargains at the moment is that the banks are being inundated with bad debt and mortgage defaults. Many people who bought at the top of the market two, three or four years ago, cannot now afford the repayments. As a result, the banks are just interested in getting rid of as much debt as possible, enabling the shewd investor to pick up some fantastic Costa Blanca apartments and villas at rock bottom prices.
Costa Blanca repossessions and distressed sales have been on the increase during the past 12 months, and this offers a number of great opportunities for buyers to snap up a bargain.
The Costa Blanca Property Guide is constantly updating its database of Costa Blanca repossessions. For more information about the Latest Properties available, and to arrange a viewing, please Contact Us. We would also advise you to sign up to our Free Newsletter, by filling in your name and email address on the right hand side of this page, so that you receive details of all of our latest properties as soon as they become available.
Latest Repossessions
233,000 Euros
3 bedroom, 2 bathroom villa with pool frontline to Villamartin Golf course overlooking the 14th green. The villa is set in beautiful manicured gardens with a good sized swimming pool. The property is being sold fully furnished and benefits from all day sun.
Villamartin is within easy reach of all amenities and approx 25 mins to the airport of San Javier and approx 45 mins drive to the airport of Alicante.
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