This is a note I got from a business colleague in Spain. It
doesn't look good for Spain and we will be keeping an Eye on
Spain and the Spanish Property Market.
The development we are working on at the moment is a
group of 31 townhouses they are in San Miguel de salinas,
Alicante,Costa Blanca. They are 110m2, 3 bed,3 bath with
underground parking and 25m2 storerooms. We have 2 separate
valuations on them at 293,000€ and 288,000€,the bank will
release them all together or at the individual price of
176,000€.
I will email details to those who have asked.
We do deal with a developer that has people
defaulting on their completions of purchase contracts, I will
ask my colleague who deals with this for his advice.
+44
207 183 2790