Costa Tropical Properties

Financial Assistance From the Junta

The Junta De Andalucia announced a new scheme last week to try and improve the purchase of new promotions throught the region.

The scheme assists individuals dependant upon their own financial circumstances. The banks supporting the new development will offer to prospective buyers up to 100% of the purchase price of the property. However should the bank only offer 80% for example, the Junta will offer a “top up” of between 9,000 – 15,000 and finance on this amount will only be paid on half the monthly payments for up to 3 years.

Thereafter, the amount financed by the Junta can be added to the value of the loan. The Junta are promoting the idea that the loan will be no more than an individual would pay for purchasing a Car!

The scheme covers 4,100 properties that are owned by promoters and 13,200 properties that are now owned by the banks.

The website that provides more information on this scheme is as follows:

About Costa Tropical Properties C.B.

Costa Tropical Properties

We specialise in Property Sales whether it be Cortijos, Fincas, Villas, Village Houses, Apartments, or land that you are looking for, we can help you buy Spanish real estate on the Costa Tropical that suits you best, and becomes the place of your dreams.

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