[Anonymous]

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?

[Anonymous]

@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???

[katy]

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 😕

[Anonymous]

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

[Anonymous]

@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.

[Anonymous]

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

Which bank owns this?

Thanks

[katy]

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 😕

[Anonymous]

@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” 😆

[Anonymous]

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]

[Inez]

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.

[Inez]

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!!

[Fuengi (Andrew)]

@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

[katy]

@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! 🙂

[Anonymous]

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 !!

[katy]

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) 😆

[Anonymous]

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

[Inez]

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

[Anonymous]

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

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

[Anonymous]

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

[katy]

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.

[Anonymous]

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

[Anonymous]

@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?

[katy]

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.

[Anonymous]

@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).

[Anonymous]

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

[Anonymous]

@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

[Anonymous]

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

[Anonymous]

thanks steve for that update

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

[Anonymous]

Seems that these apts are ‘coming out’

http://www.idealista.com/pagina/inmueble?codigoinmueble=VP0000002399724&&secc_inm=fotos

Steve

[Anonymous]

bit cheaper at 179k with other agents

bit confused is carib playa las dunas reserva de marbella?

[Anonymous]

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

[Author]

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