The Distressed Sales Bonanza
It started with the Spanish building boom a decade ago. Massive building to supply the rapidly growing demand - due to a great extent by easy and cheap credit and mortgages being pushed at new potential buyers.
Then the bubble burst with the onslaught of the Credit Crunch. The Pound fell against the Euro and Banks got scared and pushed up the mortgage rates. Suddenly many home owners found themselves over their heads and unable to cover the higher costs with the banks threatening repossession.
Result: The 'Distressed Sale' boom
Prices have been slashed and mortgage rates are creeping back to pre-crunch levels.
Enter the 'Ibernets Distressed Sales Network'. Here we have collected together a network of agencies handling Distressed Sale ultra cheap Spanish property, making it easy and quick for you to browse these incredible value opportunities either here on the Network Hub or in each members' private website.
There has never been a better time to buy.
There has never been a better time to buy investment property.
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