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INTERNATIONAL PROPERTY INVESTMENTS 2000 |
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International Property Investments 2000 specialize in sourcing nearly completed “Off Plan” or bargain resale property where the original owners are unable or unwilling to complete or where they need to sell quickly. These properties value sufficiently so clients have built in Equity. Distressed property has been a growth investment market in the last few years and we are able to source properties which are fully legal but where owners wish to dispose of them quickly and at a saving to the buyer. We have bargain priced Apartments, Villas, Townhouses and plots of land and even whole projects. IN many European countries such as Spain, Turkey, Florida, and even in the UK. Distressed properties in Spain are the result of recent changes in the local regulations and tax adjustment, forcing foreign investors to leave them off-plan due to improper funding or inability to afford adjustments in mortgage payments. According to the Spanish real estate market, a large percentage of real estate investors are British and a large number of them have sold their properties at a bargain price. This situation has led to increasing distressed property sales in Spain that benefit new investors. Bank Repossession also affects local investors and the process is quite different in comparison to other countries. In Spain, the failure to repay a mortgage is directly dealt with the Banks, which are the common lenders. Once a property falls into repossession, it is sold to the first bidder and that enables true bargain prices for buyers and big loses for the original owners. Even though, the nature of distressed property sales in Spain is to get rid of a property quickly before repossession occurs. In some other cases, investors put a deposit down on ongoing real estate projects with the hopes of selling these properties before the project is complete. However, unfinished properties are not easy to sell, and a new distressed property is sold every day for a fraction of the cost to allow the owner to move in a new direction. Distressed properties in Spain are a good option for investors with previous experience in the housing market or those who want to invest in real estate with limited capital. Even though the advice of a financial expert is always a big aid to help avoid a fall into costly mistakes with properties about to be repossessed, many people ignore this option. While people keep experiencing financial difficulties to repay their mortgages, distressed properties are an option for overseas investment in Spain at very affordable prices. |
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CONTACT US -simply click here and complete the form. Or call us on 0044 (0) 704 575 5170 or 0034 952939732 Email sales@ipi2000.com or SKYPE—daveipi2000 |
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TEL: UK 0044 (0) 7045755170 sales@ipi2000.com Spain: 0034 952939732 |
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LONDON, April 2 (Reuters) - Spanish property debt traded at discounts of upto 50 percent on Wednesday as the gathering pace of the country's real estate slump sparked new life into the distressed debt market. Ismael Clemente, head of Spain at Deutsche Bank (DBKGn.DE: Quote, Profile, Research) property arm RREEF, said some bulge-bracket international banks wanted to offload Spanish property debt at discounts of up to 40 percent, while others said the market had fallen even lower. The debt of troubled Spanish real estate firms such as Martinsa-Fadesa (MFAD.MC: Quote, Profile, Research) was trading at a 50 percent discount, one source close to the market said, citing sales by holders of collateralised loan obligations (CLOs) - debt backed by a pool of new or existing loans. "Some CLOs have had to sell, mostly to hedge funds," said the source, mainly because CLO holders could not invest in companies below a certain debt rating. Martinsa-Fadesa is in talks with lenders to restructure about 5 billion euros ($7.82 billion) of debt, as is bigger rival Colonial (COL.MC: Quote, Profile, Research), which has about 9 billion euros of outstanding debt. For the latest story on Colonial's debt, click on [ID:nL02617311] Spain's real estate market is in the throes of a painful adjustment after a decade-long housing and coastal development boom ended last year, throwing tens of thousands out of work and pushing some property firms into administration as house sales slumped. Spanish banks, notably smaller region-backed savings banks, are also finding it harder and more expensive to access wholesale funds in the wake of a global credit crunch, even though Spain's relatively conservative banking industry bears few U.S. sub prime scars Clemente told Reuters it was too early to expect large distressed loan portfolios from Spanish banks but that it was set to happen eventually as Spanish property values fell and property loans became harder to refinance. "The market will require much more cooking before it gets to a point where most players, particularly the relatively unsophisticated savings banks, finally understand what is happening to them," he said. "But this won't take too long because the market is in big trouble." |
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International Property Investments 2000 ( I.P.I. 2000 ) is a trading style of David J.M. Rowe S.L. |
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Distressed Property Brokers offering Distressed and Off-Plan Property |