Bargain cabopino

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This topic contains 30 replies, has 10 voices, and was last updated by Profile photo of Anonymous Anonymous 7 years, 8 months ago.

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  • #54865
    Profile photo of Anonymous
    Anonymous
    Participant

    just got this from a repo broker

    http://www.moulin.nl/prop_view.php?iaj_prop_search_id=1626666724&iface=3&iaj_prop_start=0&p=106500&mode=list&sid=4d33629010cc3dfd8abd926f0bdd9e1d

    New Today!!

    These are bank owned and fully furnished.( approx 4 years old).

    These 48 units are front line beach and front line golf,walking 10 minuted to Capapino harbour/5 minutes to sea.
    A Superior development of 2xbed garden apartments and 3xbed Duplex penthouses.
    Valuations start at €425,000
    Bank prices start at €179,000.

    The bank want to retain 50%of the development for staff members.
    Reservation 10%
    Our View -These will sell very quickly as they are key ready and fully furnished.

    what complex is it? is it legal?

  • #91185
    Profile photo of Anonymous
    Anonymous
    Participant

    @boothy wrote:

    These are bank owned and fully furnished.( approx 4 years old).

    These 48 units are front line beach and front line golf,walking 10 minuted to Capapino harbour/5 minutes to sea.
    A Superior development of 2xbed garden apartments and 3xbed Duplex penthouses.
    Valuations start at €425,000
    Bank prices start at €179,000.

    The bank want to retain 50%of the development for staff members.
    Reservati

    Is this a joke? 179K for 1 bedroom apt???

  • #91186
    Profile photo of katy
    katy
    Spectator

    Are they legal? there has been much contention over the years as the Dunes have been put under protection.

    Boothy, I thought you had bought something 😕

  • #91187
    Profile photo of Anonymous
    Anonymous
    Participant

    i made an offer on a one bed in port which has been ignored

    im renting in los granados de cabapino from 21/4/09 to have a look around

    i thought the 179k euros applied to 2 bed?

    ive found the development on google earth it is beachside about 1 km from the port actually looks quiye nice- the dunes are just in front of it

  • #91188
    Profile photo of Anonymous
    Anonymous
    Participant

    @boothy wrote:

    i made an offer on a one bed in port which has been ignored

    im renting in los granados de cabapino from 21/4/09 to have a look around

    i thought the 179k euros applied to 2 bed?

    ive found the development on google earth it is beachside about 1 km from the port actually looks quiye nice- the dunes are just in front of it

    Somebody on this forum was in the process of buying in Cabopino for 99K for 1 bedroom apt. Maybe it was you, sorry I do not remember.

  • #91189
    Profile photo of Anonymous
    Anonymous
    Participant

    Boothy, you mention that 50% is to be retained for bank staff.

    Which bank owns this?

    Thanks

  • #91190
    Profile photo of katy
    katy
    Spectator

    Why would bank staff want them anyway, they aren’t residential. Do they pay their staff so well that they can all buy second homes 😕

  • #91191
    Profile photo of Anonymous
    Anonymous
    Participant

    @katy wrote:

    Why would bank staff want them anyway, they aren’t residential. Do they pay their staff so well that they can all buy second homes 😕

    I guess the “buy now or be priced out forever” (the slogan of 2-3 years ago) will be replaced by smarter slogans like “apartment for staff that we,kind samaritans, offer to you as goodwill” 😆

  • #91192
    Profile photo of Anonymous
    Anonymous
    Participant

    the one bed is on for 198500

    i offered 150k

    these 2 bed seem better value although a bit farther from poer but are only 5 years old versus 20 years

    not sure which bank it is -would one investor really own all 48 and default on loan to lead to a repo?[/img]

  • #91193
    Profile photo of Inez
    Inez
    Participant

    It sounds a bit strange. The price for a one bedder is very high considering.

    Really depends on build size (interior) for 198k, it would have to be around 150sqm to be worth it!

    There is a lot of this type of property around – until you look into it and suprise, its just sold!

    Good luck with it, just check its residential use not hotel.

  • #91194
    Profile photo of Inez
    Inez
    Participant

    And by law on reuqest you can get hold of the nota simple, ibi receipts, the amount of any outstanding finace, mortgage details and the owner!!

  • #91195
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @inez wrote:

    There is a lot of this type of property around – until you look into it and suprise, its just sold!

    yeah been getting a few emails along those lines. Received one email this morning, phoned within 10 minutes, and guess what? sold……

    must of been the fastest selling property in Spain

  • #91196
    Profile photo of katy
    katy
    Spectator

    @inez wrote:

    And by law on reuqest you can get hold of the nota simple, ibi receipts, the amount of any outstanding finace, mortgage details and the owner!!

    Good point Inez! 🙂

  • #91197
    Profile photo of Anonymous
    Anonymous
    Participant

    It looks like La Reserva to me – a rabbit warren in Hacienda las Chapas – Boothy, I’m not surprised the agent did not respond to your offer – you sound like such a messer ……. ¿Repo agent? with a Nederland website?? haven’t you seen all the tears on SPI? deal with a local agent with an office, an established reputation, solid name in the community etc …then you might get the right answers – if not you’ll get egg on your face and you won’t even know it until it’s dry !!!! je je je !!

  • #91198
    Profile photo of katy
    katy
    Spectator

    Aren’t they supposed to be beach front? There are a lot of places advertising, bank owned or distressed sales now 🙄

    Ubeda I agree I wouldn’t touch base with any Agent that I had not heard of before, or based in another Country.

    Won’t be any bargains as today official figures say that property in Malaga province only fell by 5.4% last year (I know…April 1st tomorrow) 😆

  • #91199
    Profile photo of GJ
    GJ
    Participant

    I agree with UBEDA that is Reserva de Marbella. Concentrate on that 1 Bed in the port if it is still available.

  • #91200
    Profile photo of Inez
    Inez
    Participant

    If it is, most of the phases havent got licences and some of the 2 bedders are up for sale at 140-150k!

  • #91201
    Profile photo of Anonymous
    Anonymous
    Participant

    Is this ‘Front Line Beach’ location the nudist beach?

    If so, does this fact have an effect on value?

  • #91202
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Boothy

    Dont think this is Reserva de Marbella at all, its Carib Playa next to Marbessa, Hacienda las Chapas turn then beach side. From what I can remember there are single storey bungalows and villas between the apartments and the beach.
    Undoubtably one of the best areas to buy on the CDS.

    I think this may be a genuine bargain Boothy, do your homework, and get a good lawyer.

    Here is a link from infocasa clearly showing the same urb
    http://www.infocasa.com/en/property/id/316246

    Remember if something seems ‘to good to be true’ it probably is, let us know how you go

    Steve

  • #91204
    Profile photo of katy
    katy
    Spectator

    What/who is Infocasa? I know the area they are based but have not seen any visible presence of them. Sooo many properties , some of them on two or three times at different prices…even Viva estates is on. Is it just an advertising website for Agents to pay?

    Had a look at houses in my area, frankly 90% (or more) the prices are a joke, (I know some of them) a million euro for something with a kitchen you couldn’t swing a cat and even makes MFI look top of the range. Many are so retro, stuck in 70’s and 80’s furnishing…what a sad state the market is in, living in the past.

  • #91205
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Katy

    Infocasa is not a estate agent, it is a software provider and and web portal that most agents use to list properties behind the ‘shop front’ of there own website.
    I used this site during our long search for a property because it names the listing agent within the ad for the property, so if you are intrested you can go straight to the key holder.
    The Infocasa search engine is comprehensive, and individual agents will choose the criteria for how there web visitors can choose to locate properties.During the good times many agents would list the same property at the same price hence the duplication on infocasa, and as prices have reduced, rather than amend there orginal listing they have re listed it at a lower price giving huge discrepancies on the same property.

    I have noticed recently that agents are starting to amend prices of original listings rather than list it again, you can always tell by the reference number.
    This site
    http://www.properties-spain.com/
    Is the only site to use the ‘recently added’ part of the infocasa engine, go there, search for your area and the ‘last three days’then copy and paste the reference no into the infocasa search area and you will find the listing agent.

    Steve

  • #91206
    Profile photo of Anonymous
    Anonymous
    Participant

    @Stevev6 wrote:

    Hi Katy
    This site
    http://www.properties-spain.com/
    Is the only site to use the ‘recently added’ part of the infocasa engine, go there, search for your area and the ‘last three days’then copy and paste the reference no into the infocasa search area and you will find the listing agent.

    I have a general question. I am comparing prices on kyero with the ones on fotocasa.

    The prices on Kyero are cheaper for properties on say Costa Blanca or Murcia whereas fotocasa is cheaper for Malaga area.
    I am comparing like-to-like properties (say 2 bedroom apartments in new developments). Of course prices in Costa Blanca are much, much cheaper than the ones in Malaga.

    Is there any reason for this? Is it just because the British vendors are more desperate on Costa Blanca or the British vendors in Malaga are still in the denial phase?

  • #91207
    Profile photo of katy
    katy
    Spectator

    I am not sure why but historically prices were always less on the Costa Blanca even during the boom years.

    Steve thanks for the info. first time I had looked at their site.

  • #91208
    Profile photo of Anonymous
    Anonymous
    Participant

    @katy wrote:

    I am not sure why but historically prices were always less on the Costa Blanca even during the boom years.

    Steve thanks for the info. first time I had looked at their site.

    I am not asking why prices are cheaper in Costa Blanca, I guess we all know why this is…

    I am asking why Spanish vendors sell cheaper than British vendors in Costa del Sol whereas British vendors sell cheaper than Spanish vendors in Costa Blanca.

    In what concerns the sire mentioned by Steve, I think fotocasa or idealista or even kyero have much more properties. I mean, 11 properties in Granada area??

    Fotocasa added about 1000 properties in Malaga area in the last 2 weeks (i.e. 10% more in 2 weeks).

  • #91210
    Profile photo of Anonymous
    Anonymous
    Participant

    Katy

    Infocasa site is not ment for the public, just so happens that you can use the most up to date engine, to much publicity and they will probably password it for agents only.

    flosmichael

    Kyero is pants! helps nobody, although its research re data can be helpfull, see Marks Intelligence/News
    Fotocasa is ok, agent and private ads, Spanish site.

    Sorry, I have no knowledge of prices other than CDS

    If you want to keep up to date with the most recent listings/reductions
    go to the link I posted and check every day, about 10-15 per day.
    Steve

  • #91211
    Profile photo of Anonymous
    Anonymous
    Participant

    @UBEDA wrote:

    It looks like La Reserva to me – a rabbit warren in Hacienda las Chapas – Boothy, I’m not surprised the agent did not respond to your offer – you sound like such a messer ……. ¿Repo agent? with a Nederland website?? haven’t you seen all the tears on SPI? deal with a local agent with an office, an established reputation, solid name in the community etc …then you might get the right answers – if not you’ll get egg on your face and you won’t even know it until it’s dry !!!! je je je !!

    how much would you offer on this – its listed by prestige estates ?
    prestige is a local agent based in cabopino and is also offering the repos, they are in carib playa

    http://www.prestige-estates.com/site/properties.html/details/apartment-for-sale-port-Cabopino.20070162.html

  • #91213
    Profile photo of Anonymous
    Anonymous
    Participant

    Boothy

    Im not joking

    This time last night I was in in the port, Prestige Estates have closed there, all empty, there was a note on the door but didn’t read it.

    Sorry

    I think you need to get in your rental and then really do your research.

    Steve

  • #91214
    Profile photo of Anonymous
    Anonymous
    Participant

    thanks steve for that update

    i will chek it all out wen im over there 22/4/09

  • #91237
    Profile photo of Anonymous
    Anonymous
    Participant
  • #91238
    Profile photo of Anonymous
    Anonymous
    Participant

    bit cheaper at 179k with other agents

    bit confused is carib playa las dunas reserva de marbella?

  • #91239
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Boothy

    La Reserva de Marbella is nothing to do with Carib Playa, it a seperate urb consisting of apartments built in different phases, some people on here have had major problems there with legal issues.La Reserva is north of the N340.
    Example apt
    http://www.properties-spain.com/Details.aspx?pi=401717

    Las Dunas Carib Playa is in Carib Playa, you can see the sign in one of the pics I posted, the urb is also instantly recognizable buy the distinct green doors,gates etc.

    If these are bank repos you will find many agents jumping on the bandwagon, some with direct instructions from the bank and some just second line chancers, prices will vary.
    Steve

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