Quote:
Originally Posted by hurghadad
hi there, i've been looking at buying in spain and was wondering if it was possible to get a 2bed seaview in puerto banus for under 200k (euros) on a 100 or 95% ltv mortgage? and if not in peurto banus then how close, maybe san pedro, marbella, calahonda?
i look forward to any responses
regards
hurghadad
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Hi hurghadad
Unfortunately you will struggle to get a 2 bed in banus for that price even in the current climate and if you are a non resident you will definitely not get a 100% mortgage.
Realistically to get something in that price range you would need to forego anykind of Marbella district address. You would however get something very nice in the Mijas Costa Region (Calahonda through to Fuengirola) at that price. There are some lovely complexes around the La Cala de Mijas area.
Have a look at the following website.
Property Spain from Marben Real Estate, Property La Manga Club, Costa Calida, Murcia and do a property search within the costa del sol for an idea.
As a non resident you can still get 80% LTV mortgages with the possibility of a fixed rate for 5 years at 1% above Eurobor.
Drop me a PM if I can be of any further assistance or email
lisa@marbenrealestate.com
Thanks
Lisa