Investors return to the Costa del Crook

There are signs of life returning to the Costa del Sol property market, where crooked mayors, lawyers and developers got their come-uppance for the decade when they were kings of the Costa, handing out planning licences and largesse and helping themselves to millions of graft euros in the process.

They are disgraced and/or jailed and the new central government installed council running Marbella has cleaned out the stables and is now restoring confidence in the market, where there are many distressed bargains for savvy investor buyers.

Things are also looking safer and better in these nearby troubled areas:

Alhaurín el Grande – Where the PP party is at the centre of the Troya case.
Estepona – Where the Socialists face the Astapa case.
Manilva – Ballena Blanca money laundering case affects the local PDEM party
Gaucín - Ex Partido Andalucista Mayor banned from public office for seven years.
Cómpeta - Where the PP ex Mayor has been banned for seven years.
Tolox and Ojén - Prosecutor wants to see both Mayors from the Partido Andalucista and PSOE Socialist party serve two years in prison.
Ronda – Merinos case the left wingers IU have complained about the PA.
La Viñuela – The Socialist Mayor faces a possible 18 months jail.
Sayalonga – The Socialist Mayor is charged.

The investors are returning and some are seeking multiple buys at knock-down prices and this can help kick start the market again. One group, who have been in touch, will buy packages of ten 2-bed apartments and packages of twenty 1-bed apartments in prime locations along the Costa.

Any banks or sellers with suitable bargains should contact the main brokers involved.

They have spotted the very real opportunities to buy “distressed” property at heavily discounted prices coupled with the lure of the sun, the golf and crystal blue water. However, it’s clear that these informed buyers will hold their “Caveat Emptor” banner high in the air – they will not be conned, ripped off or mislead by a dodgy Town Hall official – they will do their due dilligence to satisfy themselves that the victim culture has ended in the Costa del Sol.