We are really proud of our new Costa Calida / Mazarron / Camposol video.
It has taken us many months to film and edit. The film shows the various fishing villages in the Bay of Mazarron, including La Azohia, Isla Plana, Puerto do Mazarron and Bolnuevo.
We also have interviews with residents of Camposol.
The link to the film is on the bottom of our home page and simply click on the big red button.
We are very proud to announce that we have been awarded Best Real Estate Agency Spain 2014-15 in the European Property Awards.
We are happy to announce our membership of the AIPP – Association of International Property Professionals. This backs up our 1998 membership of the National Association of Estate Agents.
Spain is another country where there are bargain prices that are likely to stay affordable during 2012. In parts of Spain you can get a new villa for €50,000. There seems little doubt that for those with the many Spain looks like a good buy in 2012. One area that a lot of people are talking about it Murcia where the new ParamountTheme Park is due to start construction in 2012.
Mercers the most successful agent in Mazarron opened their new larger offices on Camposol Golf Resort on 17 November.Mayor Gin?s Campillo, cut the ribbon and toasted the thriving local business.
For the 1st 6 months of 2013 Mercers have achieved a 70% increase in the number of properties sold, in with 60% going to Brits and the rest to French, Belgium, Dutch, Swedish and German buyers.
When a decade-long building binge came to a magnificent end in 2007/8, Spain fell from grace in the eye of the property investor. However an uplifting u-turn is underway with industry experts now calling the nation a “star market”.
The headlines shout ‘foreign boom’, foreign buyers snatching up Spanish property at a rate of knots, but Murcia agent Mercers says if banks continue to be tight with their loaning, full recuperation of the property market is a long way off.
Chris Mercer, Director of 30-year established Mercers, says, “The greatest loan-to-value for non-residents in Spain today is around 60%. However, the client must also pay 15% of the purchase price in taxes and fees so, unless you’re purchasing a bank repossession where they may lend up to 100% or more, you really want easy access to around half the money to buy a Spanish property. This debars a large number of people who require larger loans.”
After 5 years of decline it appears as though Spanish property prices might have bottomed out. When the credit crunch hit the Eurozone in 2007, 700,000 homes fell to the Spanish banks. Within the Murcia area in 2007 an average price for a property was EUR 147,000. This decreased annually to EUR 45,000 in 2012, meaning some properties were actually being sold at 70percent lower than their maximum prices as banks were pressured by the European Central Bank to rebalance their books and clear away under-performing property resources. But, it appears as if average prices in 2013 are going to go up to EUR 55,000, indicating that the market may have bottomed out.
Camposol, which translated is countryside in the sun, is a substantial rural development based around an eighteen hole golf course. The development has more than 5000 homes, a hotel and spa complex, numerous shops, bars and eateries, together with key facilities for example a health centre and banks. Camposol is ideal for both a second home and holiday property, or for full-time occupants. There’s an array of dwellings to choose from, from low maintenance apartments to substantial villas with private pools. There are approximately 3500 long-term occupants, mostly British, but in addition a good number of Spanish and Europeans enjoy homes here too. Mainly because of the large amount of permanent occupants a genuine local community has evolved, with a variety of clubs, charitable groups and social groups having been established.