Question for Justin

Can I be a bit cheeky and ask if anyone has had a valuation on a 2 bedroom, north facing yet?  We're applying for a Spanish mortgage and it would be good to have a little inside information.  The site is looking fantastic. Can't wait to get out there hopefully in September or early October.

just back from san juan was in banco popular very keen to offer me mortgage had it passed in a couple of days how ever only do cap repayments over 20 years , they are the builders bank and their valuation of my 2 bed south facing was £203000

Yes, taking up the builder's mortgage at Banco Popular would save some purchase expenses but they can only offer Capital and Interest.  Good valuation, my northfacing should be a little less but nevertheless good for property prices just now.  We are looking for Interest only and there seems to be some around if you look for them.

It would appear then that prices have in fact gone up, I suppose partly due to the exchange rate but still encouraging and this currency dilema  can`t last for ever....can it??

Does anyone know if all houses on CDP have now been sold & what price any remaining units are being offererd for, we have a 3 bed semi on Ph 5 so would be interested how much it may be worth currently.

Regarding mortgages, we are looking to raise funds to pay the balance & I am going to talk to HIFX & a couple of UK banks who offer good rates for foriegn purchases, if I discover any `bargains` I`ll let you all know.

BTW Stella & I are going over on 15th, Oct if anyone else will be there at the same time it might be nice to meet up for a drink or two...

Cheers,

Roger & Stella

Roger
There are a lot of houses still for sale down to phase 10. Mainly semis. North facing ones from phase 8 down are selling at 250k from phase 6 back the north facing ones are 245k Not sure about south facing prices
Regards
Sean Curtis

Anyone know how much the 2bed north facings are selling for? I wish I was down there and I wouldn't have to ask!

Hi Mojito,
When we bought our 2 bed south facing it was198000 e. north facing were 10000 e less. Arsenal has had his valued at 203000, so if they were 10k less , 193000, now, is a good guide. Maybe!
Ray n Ann

Hi RaynAnn,

In Arsenals post it says he has been valued at 203,000 (english pounds), which i presume is a typo error on his part. However if it is not
the prices have risen quite considerably, so it may be useful if Arsenal could clarify Pounds or Euros. We have a 3 bed on phase 10 and
based on a previous post it woul appear Peinsa are now asking more for th remaining plots.

Mark

thought it would be obviously euros Spanish bank hardly valueing in sterling

sorry I see I put a sterling sign in front of the 203000 which may have confused some people