Once again, The house of the week takes us to the Costa del Sol and its small paradises of serenity in a beautiful duplex penthouse in Estepona (Málaga), cosy, very bright, charming and full of charm. This fantastic penthouse on the beachfront of the New Golden Mile, has an excellent location on the beach and a few meters walk from shopping centre and 10 minutes drive from Puerto Banús and 2 minutes from Estepona. ...continue reading "Fantastic penthouse on the beachfront of the New Golden Mile"
This 4 bedroom villa could be your perfect home. Featuring a large pool set in a even larger outdoor space, ...continue reading "Beautiful 4 Bed Villa For Sale in Estepona, Málaga"
Charming and cosy single floor villa with 2 bright bedrooms, 2 bathrooms and ...continue reading "Beautiful light-filled villa for sale in Estepona (Málaga)"
Outstanding duplex penthouse located in an award winning beach front complex with 24hrs security and direct access to the beach in the upmarket area of the New Golden Mile Estepona.
...continue reading "For Sale: Outstanding Penthouse Duplex in Estepona, Málaga"
It is now several years since the property bubble burst and it has taken several other sectors with it, resulting in situations that would have been unthinkable years ago. One of these is the Golf Hills Village development which is only 95 per cent completed, but which has now been put to auction. It is the first time in Spain that this has occurred with an unfinished development, but the situation is not as exceptional as it may seem. Since the year 2000 BNP Paribas Real Estate, which is handling the transaction, has carried out 148 auctions involving 11,800 properties and a figure of more than 500 million euros. The auction will have a reserve price of 7.3 million euros and those interested will have to make sealed bids for amounts higher than this in front of a notary. The bids will be opened on March 18th and the highest bidder will be able to take over the apartments and sell them on, or make whatever use of them they may wish.
The owner of the development is the Midamarta company, which is part of Caja Castilla la Mancha. This company began to acquire properties from the bank but they were transferred to the Fondo de Garantía de Depósitos de Entidades de Crédito (FGC) after the Bank of Spain intervened in the savings bank, towards the cost of the 1,300 million euros that had been used to save it.
...continue reading "Unfinished Development in Estepona Goes Up for Auction"