Posted: Fri Dec 13, 2019 10:34pm
In areas that are not full of ex pats then the properties are not anywhere near that price. Properties around that price that need some work.
Definitely no new build luxury apartments for 125,000.
What i meant to say is. There are apartments currently being built in Campello centre for 2 bed new build 183,000 +, 3 bedroom 243,000. My other part was, there are new villas being built in Muchavista (el campello) 440,000+.
My 3 bed villa was 200,000 euros (new 15 years ago) but that didn't include the garden work, pool, terracing etc so nearer to 230,000 euros. 10 minute drive to sea but with sea views.
The further you go from the sea obviously cheaper but generally need work. You can buy apartments reasonably in the more Spanish 'residential areas', older apartments with no lift, up streets with views of the apartment opposite, but that's not what most people are looking for when buying 'a place in the sun'. This is more around where I live. If you go into areas like Aigues then they are bigger and cheaper but you are miles from anywhere. I looked at property there (2 in 1) cheap, but you needed a 4 x 4 to get to it.
Unlike Los Alcazares where you can buy a (smallish) villa for around 90-100,000 euros.
I have just bought a 1 bed apartment for holiday rentals, sea front. That was 99,000 euros plus costs and needed work. Depends what sort of area you are looking at.
Just for comparison a parking spot in an apartment block is between 6,000 and 20,000 euros plus purchase costs here (again depending on proximity to sea).