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I don’t understand that at this price why it hasn’t been snapped up. I would think it is in quite a run down area (Fuengirola prices aren’t usually as low). In that sort of area are usually lots of immigrants and low income Spanish, surely they would be aware of the sale price etc.
As for investment opportunities in Spain..they don’t exist just now. If you want to buy for a lifestyle (God I hate that word) fine, anthing else forget it.