Spanish Property News

Latest real estate news from Spain and information on our Spanish properties for sale.

Polaris World comeback brings 110% mortgages at golf resorts

NEWS UPDATE | Polaris World, the ambitious golf development company which almost sank into its own bunkers, is now making a comeback after much needed reform. After long negotiations with banks, buyers and potential land investors, it’s finally seeing light at the end of the tunnel.

Banks including Caja Murcia, Banco Popular and Banco Valencia are now offering 110% mortgages at El Valle Golf Resort and Condado de Alhama Golf Resort with very favourable rates. There are villas available at El Valle and 2 or 3 bedroom apartments for sale at Condado de Alhama.

Condado de Alhama – Based upon an apartment sold at €80,000

  • Euribor + 1,25% without minimum interest
  • Interest only first 2 years: 100 €/ Month
  • 300 €/ Month on a 25 year repayment scheme
  • Fully furnished

El Valle Golf Resort – Based upon a villa sold at €260,000

  • Euribor + 1,25% without minimum interest
  • Interest only first 2 years: 379 €/ Month
  • 1.070 € Month based on a 25 year mortgage

Only €3,500 is needed to reserve and that’s all you pay!

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