Hurghada, sorry mate but you're dreaming if you think you can get seaviews in Puerto Banus for 200k. Thinks may be slow here, but that does'nt mean they are giving stuff away for free. The closest you will get is a quite nice development called 'Los Naranjos' which is in an area called 'Nueva Andalucia' about 5 minutes walk to PB. A 2 bed can be had there for around 270k plus. Do a search for it, you will find them on various agent's sites. Don't be afraid to make (sensible) offers below asking, you never know. As for 95% ltv, really mate, not a hope. Try more like 70-80% depending on what credit worthiness you can demonstrate, unless you raise finance on other property in your home country.

Good luck with your search.