Half price homes in La Manga are being offered in an Internet auction.
Reserve prices in the auction start at 49,990 Euros
More evidence of the real estate slowdown comes from La Manga del Mar Menor in Murcia, where a group of 86 apartments are to be auctioned off at discounts of 50%.
The Atisreal company has started an internet auction for the properties which have sea-views and one or two bedrooms. There are also six attics available.
The flats are between 49 and 130 square metres large and starting prices begin at 49,990 €.
(quoted from ‘Typically Spanish’ website)