- August 17, 2016 at 8:35 pm #192216
Hi I am thinking of buying a property on tbe above urbunisation. Initally we would have to rent it out high seaskn to cover running costs. We would be sinking in our life savings so are naturally cautious. These are my questions
1 Do you think the prices have bottomed here or is there a chance of further drop
2 How much below the asking price is acceptable. We are cash buyers.
3 Some of the properties have no hab cert although they have water electric etc and are renting out without. Agent says its not problem but I cant afford to make a mistake with this purchase.
4 is there a good chance if we purchase that prices wil rise in the future in this area.
Thank you for your help. This site is excellent.
- August 20, 2016 at 10:52 am #192230
Is Mazarron the right Urb to buy on? It has no shops and limited facilities with over-priced houses compared to other Urbs with much better facilities. Nobody knows if house prices are actually rising or not and certainly can’t predict price drops. There are several sources of property data published in Spain many with conflicting information, so its impossible to tell what is happening in each area.
When you take the compulsory overheads and the optional fees, such as estate agents, cleaning etc the investment return is very low if any, so you need to come here and get busy with your due diligence, to avoid future disappointment and loss.
Remember, Spanish legislation is very fickle and in many cases where property is concerned badly drafted so, caveat emptor. As far as buying a property with incomplete ownership paperwork is concerned, would you buy a house in UK without the correct documentation or a structural survey?
I know that you will be told “It doesn’t matter” or “You don’t need it we have bought and sold without them in Spain” but remember Spanish lawyers and many Estate Agents in Spain are only interested in your money and there is little or any recourse here for you to seek compensation.
- August 20, 2016 at 11:31 am #192232
Katy, I went to look around Mazarron Country Club around 10 years ago in the boom years. I spoke to some Brits who had bought there. I can’t find my old notebook from that year, so don’t have the details to hand, but I do remember there were serious issues with town planning and the resort not having the promised facilities. I would be very careful.
- August 20, 2016 at 7:55 pm #192242
Thanks for all the advice. I know that there is no shop etc on this urb and about the past problems. The residents on this urb have really gotten together and worked hard to complete finishes left undone by the developer. A group of them now handle the administration and their finances are now in the black which enabled them to reduce their community charges. There appears to be a really good community spirit and the urb appears to be very well kept with well built houses.
Thats what attracted me in the first place. There are properties for sale with hab certs and indeed some of the asking prices are inflated. It is a hard decision and I will take trip out there in the near future. Just trying to get as much information as I can to help make the right decision. If any one has any suggestions for good areas or urbs to consider I would like to hear them
- March 31, 2017 at 1:09 pm #198041
Good day sir, is it still your view that Mazarron country club isn’t as good as it seems to portray itself tobe, My wife and I are considering visiting the are with looking to buy and the prices that are being asked with a Villa and a Pool are very reasonable, any help would or updated information would be really helpfull,,,Rgds Kenny
- March 31, 2017 at 4:20 pm #198047
We have a holiday home there, very up market compared to other near by ones, yes the place is not as lively as say Camposol or near the port but its down to the individual (we like it peaceful). Short drive to most places, it does have a bar/reasturant/communial pool and tennis courts and is very well run.
- April 1, 2017 at 5:33 am #198079
Many thanks for replying, we are going to come and see some properties in June,,, Kenny
- April 1, 2017 at 6:39 am #198080
Hiya again I guess looking the nearest international airport is Alicante, and am I right in saying thats about 1.5hrs drive and a few hrs if it was by train Murcia, Spain (MJV) doesnt have many choices, thanks again to who ever answers this ,,,
- April 2, 2017 at 8:53 pm #198118
Nearest airport is Murcia san Javier (MJV). Flights from Bristol. CORVERA AIRPORT is even closer, and it may even open one day. Beware houses without certificates of habitation -you are buying a house under construction and the local council is currently dealing with 500 houses that are allegedly built in a river bed on camposol. They have no habitation certs despite having fin de obra, etc, and have been finished up to ten years ago.
House buyers in uk are well protected – in spain it is the devil take the hindmost. Unless you like playing pass the parcel you will need to find out exactly why there is no habitation cert – when you come to sell you may find the property is not mortgageable – well, its not finished is it? If you have any doubts apply for a small mortgage and see what happens,( usually no C of H – no mortgage) If you can’t get a mortgage your future buyer may not be able to either. Beware of the estate agents – they are paid to get the best price for the seller and they have plenty of charm but no loyalty to you.
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