buying at mazarron country club good choice or not?

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This topic contains 10 replies, has 8 voices, and was last updated by  Underthesun 5 months, 3 weeks ago.

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  • #192216

    KatySully
    Participant

    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.
    Katy

  • #192230

    Woodbug
    Participant

    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.

  • #192232

    Mark Stücklin
    Keymaster

    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.

  • #192242

    KatySully
    Participant

    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
    Thanks again
    Katy

    • #192402

      bonzo444
      Participant

      Hi Katy, have a look at Ladera del Mar in Isla Plana, I know some people who moved out of Country Club to live there. Also it is on the coast and renting out is good  there.John Martin.

  • #198041

    kenjo
    Participant

    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

  • #198047

    Feliz
    Participant

    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.

  • #198079

    kenjo
    Participant

    Many thanks for replying, we are going to come and see some properties in June,,, Kenny

  • #198080

    kenjo
    Participant

    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 ,,,

  • #198118

    ianc2
    Participant

    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.

  • #224504

    Underthesun
    Participant

    We bought in the Country Club last year and have no regrets! The house is well built, with cavity wall insulation, and is easy to keep both warm and cool. The place is immaculate and VERY well run. Everyone has been incredibly friendly. The weather is incredible. The urbanisation is near to everything, yet peaceful. The cost of living is low, VERY low! We are absolutely delighted. The habitation certificate issued is being solved, new properties are being built this year and frankly…..it’s not something I consider important in any way nor does it appear an obstacle for others. The bargain prices won’t last. There are hundreds of new build apartments in Murcia from bankrupt developers which are being drip fed by the banks. When they are sold off it will no longer be a buyer’s market. The high speed train network comes to Murcia this year and the new Covera airport should open in January, San Javier closing. This is 35 minutes away. Alicante is an easy drive on motorway and dual carriageways almost to our front door! I recommend downloading the Costa Calida Chronicle for free. It’s a great way to see just how the expats have made the community which we thankfully now enjoy being part off.

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