Mar Menor Resort Property Murcia Spain

Mar Menor is the closest resort to the beach, just 5km from Los Alcazares. Mar Menor property is available from under €150,000 and the Boulevard apartments from just €95,000.

 

 

Now is the time to consider investing at the resort of Mar Menor the closest Polaris World resort to the beach. Future developments in the region include the new airport at Corvera, just 20 minutes away, scheduled to open in 2012.

 

Back in 2005 when Mar Menor resort Phase II was released, off-plan apartments started at over €210,000. The apartments were the largest built on any of the six Polaris World resorts. Many people rushed to buy off-plan for completion several years later. However the looming credit crisis meant many buyers were not able to complete on their purchases and the apartments and some villas and townhouses were returned to several banks.

 

Now those properties are being sold off by several banks including Caja Murcia, Banco Popular, CAM bank, Banco de Valencia and Bancaja at huge reductions providing an ideal opportunity for investors looking to purchase golf property in Spain.

 

 

 

We have a selection of bank property repossessed property on Mar Menor. Many have sold as sales activity has picked up significantly due to the prices that are now on offer plus the 100% mortgages that are available from the banks. There is still time to buy but when the stock is gone then we are back to a resale market where property is offered at perhaps 20% to 25% discount and not as much as the 40% - 50% currently available.

 

 

 

The bank property is offered with very favourable mortgage terms. Up to 100% mortgage is available. Interest rates are around Euribor + 1% and the mortgage can be taken as interest only for the first two years.

 

The resort of Mar Menor and the properties were built by Polaris World. We have a selection of two bedroom and three bedroom apartments all large spacious properties each with two bathrooms and terraces. Apartments can be ground floor, first floor, second floor or penthouse at Mar Menor.

 

In addition we have a small selection of bank repossessed Mar Menor villas with two or thre bedrooms on their own plot offered with 100% mortgages.