Why a Recession Won’t Stop Mercers Selling Spanish Property

March 4, 2009 - PRLog -- Director of Mercers’ Mazarron office, Gerard Rees, comments, “It seems that our property price bracket has captured the moment and allows holiday home purchasers to truly beat the credit crunch.  Whilst the investors have all-but vanished, lifestyle buyers are still out there and a golf-front furnished property within ten minutes of the beach for as little as 55,000 euros, that’s around 47,500 pounds, is hard to resist.  The climate, ease of access, modern infrastructure and so on, all mean that in time Spain’s property market will bounce-back, so right now it’s all about taking advantage of the crunch and the reduced prices.  What’s more, with monthly payments at today’s rates on a 55,000 euro 20-year term mortgage around 300 euros per month interest-only or 400 euros per month repayment, it’s a manageable outgoing for the privilege of a place in the sun.”

With the current economic climate putting pressure not only on individuals who need to release some capital but also on developers to shift unsold stock in order to keep the banks happy, Mercers has negotiated a wide range of below market value property across the Costa Cálida and also from their Jerez-based Costa de la Luz office.  And, with an impressive 25 years experience in selling freehold Spanish properties, Mercers has formed special relations with developers and can quite often achieve below list-price on a clients’ behalf.  Don’t let the recession wipe the smile off your face and take advantage of the optimum time to buy in Spain.  

Some of Mercers’ irresistible deals across the Costas…

Ref REC35 – Terraced Villa, Mazarron, Costa Cálida
Two bedroom one bathroom fully furnished terraced villa offering incredible value for money.  Located within Camposol with its 18-hole golf course and four-star Spa hotel, this home has a rooftop solarium, views of the mountains and a generous underbuild providing extra useful space.  Beaches just 10 minutes’ drive.  
Price 98,000 euros

Ref NED98 – Villa, Mazarron, Costa Cálida
Large detached all en-suite three bedroom villa available for below the developer’s list price.  On a popular golf development, the home is set on a 678m² plot with rural mountain views.  Both the garden and the generous underbuild provide a blank canvas for the future owner to add their personal touch.
190,000 euros

Ref JER015 - Apartment, Jerez, Costa de la Luz
An incredible opportunity to own a part of Jerez’s history in the shape of a large two bedroom apartment carved out of the ancient fortress walls.  Retaining many original features such as high beamed ceilings and four quaint Andalucian balconies overlooking the street, this apartment also enjoys a communal roof terrace.  A garage and store room is available at additional cost.
Price 160,000 euros

Ref VEJ009 - Townhouse, Vejer, Costa de la Luz
Brand new never occupied three bedroom two bathroom townhouse set in an elevated position in the stunning ‘pueblo blanco’ of Vejer de la Frontera.  The rooftop solarium affords impressive views of the countryside, sea and Africa beyond whilst some of the Costa de la Luz’s most attractive unspoiled beaches are within 15 minutes.  Front and rear patios, a communal swimming pool, underground parking, fitted kitchen and full furnishing package are all included in the price.
Price 195,000 euros

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Down on Spain’s Costa Cálida, real estate agent Mercers isn’t letting a pesky recession get in the way of selling houses.