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It's a buyers' market on the Costas with many investors desperate to sell before having to complete. Prices are plummeting, so is it time to go bargain-hunting with our distress sales in Spain?
The Costa property markets were set ablaze by off-plan investors in 2002 and 2003. To the enthusiastic amateur speculator, such Spanish property apparently offered a risk-free, tax-free, high-return investment. It was a classic greed-driven stampede that distorted demand and fed construction frenzy. Now, lots of those off-plan developments are finished, and it's crunch time: investors must either take possession of properties they never meant to own, sell on, or lose their stage payments. |
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The problem is that demand has slumped. Meanwhile, buyers who can't wait any longer can already find properties available for less than they cost two years ago. The buyers' market on the Costas is just getting going.
Known commonly as distressed property in Spain, our New and Resale bargains are being offered to market at heavily discounted prices. Many are off-plan apartments that must be sold urgently. |
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All offer incredible value but in many cases these distressed sales are being offered by the vendors at well below the developer's original list price! Properties at these prices won't be on the market for long.
The properties below are a selection of our bargains in Spain. All properties listed should be 10-30% under the current market value, giving the possibility of 80-100% finance. |
Riviera - Costa del Sol |
€ 187,000 (₤141,000)* |
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more details |
Property type: |
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Apartment |
Beds/Baths: |
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1/1 |
Build Size: |
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58 m² |
Description: |
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Beautiful and lovely one bedroom apartment located front-line beach and offering fantastic views of the Mediterranean. The complex offers a big swimming pool, bar and restaurant. Direct access to the beach. |
Ref: R18700 |
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LATEST PRICE DROP FROM €215,000 |
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Marbella - CDS |
€ 225,000 (₤178,000)* |
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Property type: |
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Apartment |
Beds/Baths: |
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2/2 |
Build Size: |
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96 m² |
Description: |
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Tranquil setting high on a hillside in Mediterranean woodland with beautiful cork trees. With breathtaking panoramic views over the sea, the Sierra Nevada mountains and being within easy access of the coasts main attractions + FREE golf, gymnasium & Spa |
Ref: mhv |
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€87,000 off the the Developers Price in 2004! |
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Benalmadena - CDS |
€ 225,000 (₤178,000)* |
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more details |
Property type: |
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Apartment - Penthouse |
Beds/Baths: |
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3/2 |
Build Size: |
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120 m² |
Description: |
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Centrally located but in a quite position this Penthouse apartment really needs to be seen to be appreciated. This property is being offered at a very competitive price with the benefit of a pre-arranged mortgage if required - Viewing is highly recommended. |
Ref: R35206 |
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BARGAIN - JUST REDUCED BY €50,000 |
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Nueva Andalucía - CDS |
€ 245,000 (₤187,000)* |
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Property type: |
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Apartment |
Beds/Baths: |
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3/2 |
Build Size: |
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112 m² |
Description: |
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Excellent opportunity to acquire a rental investment property - these newly-built apartments are always in demand due to their quality & proximity to Puerto Banus.
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Ref: R38399 |
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PRICES OF SIMILAR APARTMENTS €330,000 |
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Mijas - Costa del Sol |
€ 265,000 (₤197,000)* |
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more details |
Property type: |
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Apartment |
Beds/Baths: |
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3/2 |
Build Size: |
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128 m² |
Terrace: |
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18 m² |
Description: |
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Stunning modern duplex apartment located in Mijas Pueblo village. Excellently presented property with many extras. Well worth viewing! |
Ref: R39364 |
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LATEST PRICE DROP FROM €320,000 |
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Manilva - Costa del Sol |
€ 270,000 (₤205,000)* |
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more details |
Property type: |
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Detached Townhouse |
Beds/Baths: |
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2/1 |
Build Size: |
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83 m² |
Garden Size: |
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20 m² |
Description: |
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Fully furnished, newly renovated, this beautiful house is literally one step from the sandy beach. |
Ref: R37850 |
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PRICES OF SIMILAR PROPERTIES €350,000 |
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Estepona - Costa del Sol |
€ 280,000 (₤220,000)* |
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more details |
Property type: |
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Semi Detached Villa |
Beds/Baths: |
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3/2.5 |
Build Size: |
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200 m² |
Garden Size: |
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400 m² |
Description: |
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Very modern new development, super-spacious semi-detached villas. Very well equipped kitchen and good sized private garden, beside new golf course, tennis club and the equestrian centre. 1.5km from Estepona Town and a 5 minute drive to the beaches. OWNER REQUIRES QUICK SALE |
Ref: R4493 |
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PRICES OF SIMILAR VILLAS €400,000 |
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Los Arqueros - Marbella |
€ 290,000 (₤227,000)* |
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more details |
Property type: |
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Apartment |
Beds/Baths: |
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3/3 |
Build Size: |
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110 m² |
Terrace: |
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30 m² |
Description: |
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An excellent 3 bedroom/3 bathroom first floor apartment in one of the Costa del Sols nicest golf urbanizations. Significantly price drop in order to achieve a quick sale. |
Ref: ps_latorre |
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BANK VALUATION OF AROUND €365,000 |
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New Golden Mile - CDS |
€ 352,000 (₤276,000)* |
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more details |
Property type: |
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Apartment |
Beds/Baths: |
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4/2 |
Build Size: |
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130 m² |
Terrace Size: |
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10 m² |
Description: |
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Lovely 1st floor corner apartment set in mature well kept gardens with a large pool. This property must be viewed! |
| Ref: R37715 |
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PRICES OF SIMILAR APARTMENTS €380,000 |
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Los Flamingos - Estepona |
€ 360,000 (₤282,000)* |
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more details |
Property type: |
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Apartment |
Beds |
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2 |
Build Size: |
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120 m² |
Terrace Size: |
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30 m² |
Description: |
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An excellent luxury apartment within one of the finest Golf complexes in Spain. This apartment is situated within the Grounds of the 36 hole Los Flamingos Golf & Country Club and overlooks the 5 star Ritz-Carlton "Villa Padierna" Hotel. |
| Ref: ps_flamingos |
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RECENTLY VALUED BY LEADING SPANISH SURVEYOR AT €499,000 |
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Nueva Andalucia - CDS |
€ 365,000 (₤286,000)* |
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more details |
Property type: |
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Apartment - Penthouse |
Beds/Baths: |
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3/2 |
Build Size: |
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112 m² |
Terrace Size: |
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100 m² |
Description: |
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Luxury penthouse unit has been built to a very high standard with the large 100m2 roof top terrace! |
| Ref: R42846 |
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PRICES OF SIMILAR APARTMENTS €390,000 |
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Nueva Andalucía - CDS |
€ 450,000 (₤350,000)* |
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more details |
Property type: |
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Villa |
Beds/Baths: |
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3/2 |
Build Size: |
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200 m² |
Garden/Plot: |
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515 m² |
Description: |
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An excellent value single story villa in Nueva Andalucia in need of partial refurbishment. Included in the sales price are the materials worth 10's of thousands of euros |
Ref: ps_anita |
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RECENT LEADING SPANISH SURVEYOR ISSUED MINIMUM BANK VALUE OF €550,000 |
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Estepona - Costa del Sol |
€ 599,999 (₤460,000)* |
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more details |
Property type: |
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Semi Detached Villa |
Beds/Baths: |
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3/2 |
Build Size: |
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210 m² |
Garden/Plot: |
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50 m² |
Description: |
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A FANTASTIC, ONE OF A KIND three bedroom, two bathroom completely BEACH FRONT villa, set between Estepona and Duquesa. This house has to be seen to be believed! There is SUPERB wood flooring throughout and it is fully furnished to the HIGHEST SPEC and is ready to move into. |
Ref: R37252 |
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VILLA VALUED AT €750,000 |
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Nueva Andalucía - CDS |
€ 750,000 (₤573,000)* |
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more details |
Property type: |
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Detached Villa |
Beds/Baths: |
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3/2 |
Build Size: |
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140 m² |
Garden/Plot: |
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900 m² |
Description: |
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A charming villa in Las Brisas. Set on a flat plot it is a cozy house with lots of charm and personalities. |
Ref: brisas |
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VILLA VALUED AT €950,000 |
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Siera Blanca - Marbella |
€ 995,000 (₤772,000)* |
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more details |
Property type: |
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Detached Villa |
Beds/Baths: |
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4/4 |
Build Size: |
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700 m² |
Garden/Plot: |
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500 m² |
Description: |
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Brand new 700 Sq Metres South Facing Villa with Sea Views. Only 5 minutes drive into Marbella or Puerto Banus. |
Ref: R62405 |
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CURRENT BANK VALUATION IS €2 MILLION |
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Los Almendros , Marbella |
€ 999,000 (₤780,000)* |
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more details |
Property type: |
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Villa |
Beds/Baths: |
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4/5 |
Garden/Plot: |
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1100 m² |
Description: |
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Excellent rustic-style villa in a private community of 12. This property is on a south facing plot of 1100m2 with amazing views over the entire coast from Marbella to Estepona.
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Ref: ps_resina |
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REPOSSESSION - DISCOUNT OF €500,000! |
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* sterling prices are approximate & may change due to currency fluctuations
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