The summer here in Marbella has been a busy one with several property transactions taking place, although an air of calm and sensibility due to the current restrictions we are all under. Sales have continued from investors all across Europe, new developments are now coming on and interest is picking up once again as summer holidays end and the Autumn buyers start actively looking again.
Current Offers Achieved.
Whilst the banks may be tightening their lending criteria, we have processed some amazing deals for our clients. Just this month we have completed deals for two fabulous overseas clients, both on very favourable terms.
Purchase Price: €1.000.000.
Mortgage of €700.000.
Rate: 1.99% Fixed for first 6 months and then EURIBOR + 1.5.
Arrangement fee of 0.75%.
Terms: No life insurance associated. Only home insurance was required.
Purchase Price of €385.000.
Mortgage value €231.000.
Rate: 1.70% fixed for first 12 months and then EURIBOR + 1.70.
Terms: No life insurance associated. Only home insurance required.
As we move forward to the end of 2020
The year has been a strange one, from restrictions on travel, developments on hold to the whole banking sector being extra cautious. We keep asking ourselves, is the continued demand to buy property in Spain due to the “new normal” that is now allowing those previously confined to an office, to work anywhere they choose? Tempting isn’t it?
Rain or Spain?
We think we could be biased on this one, but where else can you hold meetings outside all year in the sunshine over coffee, work from home with super-fast fibre connections, or the ability to take the afternoon off and either head to the beach or up to the slopes of Sierra Nevada!
Life is Spain really doesn’t get much better than this!
If you wish to see what mortgage opportunities are waiting for you, get in touch and arrange a non-obligation call to discuss your requirements and what offers are currently available. Call Alison on 0034 951 120 072 or visit our contact us page on the website.