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May 9, 2013

100% finance properties in Spain

Filed under: Property — Lucy @ 4:52 pm

Damian bravely let me loose on some clients for the first time this week.  He
and all the other sales agents were busy with clients so he asked me to show
some people around some of the bank repossession properties Barrington Homes
have for sale that non residents can get 100% mortgages on.

100% mortgages for non residents have only recently returned to the mortgage
market.  Basically you may qualify for one of these mortgages if your monthly
payments on loans including any existing mortgage and the one you are taking out
does not exceed 35% of your net income.  For more information on mortgages click
here http://www.barringtonhomes.eu/Duquesa-Mortgage.htm .

I met the clients in Puerto de La Duquesa and took them to the first property at
Fuente de La Duquesa http://www.barringtonhomes.eu/Duquesa-Property/Fuentes+de+la+Duquesa-S144.htm

Fuentes de la Duquesa
This  is a lovely urbanization up the hill from Puerto de La Duquesa and
overlooking La Duquesa Golf Course.  It is about a 15 minute walk from La
Duquesa Marina and a couple of minutes walk from The Courtyard at Monte Duquesa
where there are a few shops and bars.

After spending a few embarrassing minutes trying to find the actual property we
eventually found the right Portal and went up the lift to the apartment which is
a penthouse with a lovely large roof terrace.  This property has never been
lived in and was empty but, after a good clean and the addition of some
nice furnishings, it would make a lovely home or holiday home.  I have friends
who live in the urbanization and are very happy there.

The second property that I took them to see was at Duquesa Fairways which is a
little further up the hill.  Hoping desperately that I would find this property
straight away and not look like a complete idiot,  I double checked the address
and understood that this property would be in Block 14.  At the entrance to
Duquesa Fairways there is a sign saying clearly Blocks 1 – 30  with an arrow
pointing left and Block 31 – whatever above an entrance porch.  So we followed
to the left where the arrow was pointing and it took us to a dead end!  I then
decided to try the key at the gate for Block 31 etc but it didn’t work.  Luckily
a resident of the urbanization turned up and let us in and pointed us in the
direction of Block 14.

Well, what a beautifully maintained urbanization Duquesa Fairways is.  The walk
down to Block 14 took us past well manicured gardens and two beautiful pool
areas.  There is even a small children’s play area.

Duquesa Fairways

We found the apartment and when we walked through the door we all went WOW!

It is a 3 bedroom duplex penthouse apartment with a vaulted ceiling in the lounge
area and the most spectacular views down Duquesa Golf course to Sabinillas and
the sea, Manilva and the Estepona Mountain.

The downstairs bedrooms and bathrooms are finished to a high standard and it is lacking kitchen units which I personally prefer as you can choose them to suit your own taste.

The upstairs bedroom has not been finished off so again some money would need to be set aside for this.  It had a really lovely feel to it and with  about €20,000 been spent on finishing it off it would make a superb holiday home with excellent rental potential.

This is the link to our listing http://www.barringtonhomes.eu/Duquesa-Property/Duquesa+Fairways-S145.htm
but you dont get the same feel for the place from the photos and I would recommend anyone with the finances ready to buy a property in Spain to take a look at this one.

I am pleased to say that the third property I took them to see I found straight away.

Duquesa Village

This 2 bedroom penthouse apartment is at Duquesa Village http://www.barringtonhomes.eu/Duquesa-Property/Duquesa+Village-S139.htm and is located in the block at the bottom with uninterrupted views down La Duquesa Golf course down towards Sabinillas and the sea.

It has nice sized kitchen and ample terraces off the kitchen, lounge and both bedrooms and again had a very nice feel to it.  My clients really liked this property and for €112,000 it really is a good buy.

The last property I took them to see was at Las Colinas on the Princess Kristina Urbanisation http://www.barringtonhomes.eu/Duquesa-Property/Las+Colinas-S155.htm.

Again this property was unfurnished and you need to imagine what it would be like all cleaned up and with nice furnishings.  It is a good size apartment in a well maintained urbanization and it has a wonderful terrace with amazing views over the Manilva countryside and sea.

Las Colinas, Princess Kristina, La Duquesa

However it wasn’t as good a property as the previous 3 and my clients told me straight away that it wasn’t for them.  They are currently making up their minds as to which property would be best for them as they really liked both Duquesa Fairways and Duquesa Village.

If you are interested in buying a property in Spain and would like us to help find the right property for you,  please email me at lucy@barringtonhomes.eu

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