Bargain Property for sale in Javea
1 bedroom Apartment in Javea
Welcome to this lovely recently renovated apartment in Toscamar! It's location gives you the opportunity to be in a gated complex with reception, while also being a short w…
3 bedroom Apartment in Javea
We present this wonderful flat in one of the best known areas of Javea EL PUERTO, for its patron saint festivities, a very well known beach as well as having all services n…
1 bedroom Apartment in Javea
Welcome to your new home! We present an exclusive apartment for sale, ideal for those seeking comfort and modernity in a peaceful environment. This cozy space has been r…
Bargain Property for sale in Javea
Our bargain property list features properties which represent the best value from the hundreds which we see. They may have scope for renovation or make ideal investment opportunities. We publish this list every couple of months or when we find enough properties that are worthwhile including. Consequently, many of the listed properties sell quickly.
Many have been for sale for some time and not that desirable, so no wonder they have never sold. If they are mortgaged and the owners cannot afford to service their debt anymore, it's inevitable that the lending bank will repossess the property at some stage, usually when all attempts to sell it fail. As a last resort the vendors will try and sell it at a very low price to at least clear the debt and, if appropriate, end up with something back in their pocket. If this fails a repossession is almost inevitable and subject to the price it was being sold for may not even be worth the outstanding debt on it. This situation usually occurs when a property is very undesirable. It's not even worth the effort to renovate or knock down and re-build due to the bad plot location, poor orientation for the sun, no views, bad road noise, thick forest, ugly pylons, buzzing sub stations, terrible access etc. The list goes on but hopefully will help you understand some of the pitfalls with so called bank repossessions and bargain property for sale in Javea!
Bargain property available via Bank repossessions in Javea
For a bank to repossess the property it will cost many thousands due to the legal jargon and bureaucracy to acquire it through the courts. Subject to the price it was being sold for it means it may cost more to buy it once the banks repossess it as the banks are reluctant to sell it for less than book value i.e. outstanding mortgage plus cost of repossession as it would show a loss on their balance sheet. Then you have the re-connection charges for all the services together with all the inspections and certificates to go with the new contracts amounting to thousands as well!
Usually the banks will sit on this so called asset for years before they decide or, more recently, be forced by the government to make some provisions/allowances for some write downs on it's bad cdn. Mainly covering the losses for the many bankrupt developers with hundreds of un sold properties. Most banks will keep showing their bank property repossessions as an asset on their balance sheet but one wonders what the true value actually is? Time will tell.
Due to the crisis one would think that there should be hundreds of property repossessions. Well there are actually thousands across the whole of Spain. There just aren't many good ones to view in Javea or Moraira.
Our Experience with bargain property in Javea
In our experience there are hardly any property repossessions worth buying in these areas especially from a bank, however there are some good distressed sales and genuine property bargains in Javea to be had if you look around or shop smart and use a Javea property finder like us!
One of the main reasons why we don't seem to have had many quality properties that are repossessed is because they actually sell first! Failing that and being such a wonderful coastline the vendors rent them out during the summer to cover their cost. Average rental profits are circa 20,000 euros for a nice 3-4 bed villa "after cost" over 12 weeks. Many fetch far more and some much less but for a nice 3-4 bed Javea property worth say 500k it's a reasonable figure to work on.
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2 bedroom Apartment in Javea
This lovely 1st floor apartment is waiting for you in Javea! The property is equipped with 2 bedrooms and 2 bathrooms, one of the bathrooms being an en-suite with a bath. T…
2 bedroom Villa in Javea
A beautiful Mediterranean villa near the coast in Javea.With open countryside views and a small sea view, this attractive Mediterranean Villa is located in a good residenti…
2 bedroom Apartment in Javea
This exclusive apartment stands out with one of the largest swimming pools in Jávea, perfect for enjoying the warm Mediterranean climate. Its location is unbeatable, just a…
2 bedroom Apartment in Javea
Bright and spacious apartment in a very sought area of Jávea, it consists of two bedrooms and two bathrooms, and the price also includes a garage and storage room. Great fe…
3 bedroom Apartment in Javea
This lovely apartment is for sale in Javea! One step away from all services such as schools, supermarkets, very central for day to day. It is a ground floor with a garden i…
2 bedroom Apartment in Javea
Apartments under construction! Your new neighbourhood, offers supermarkets, schools, libraries, sports and health centres, all within walking distance. Moreover, it will o…
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You might have seen a property on our site that you like the look of – or you might just be after some friendly, honest advice on Bargain Property for sale in Javea.
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