After months of soaring sales of Spanish bank-owned apartments with 100% mortgages, buyers can now snap-up bay-view villas at similar bargain prices and mortgage deals.

Described as ‘villas for the price of an apartment’, you can get a pueblo style, two bedroom house, complete with garden and private rooftop solarium which overlooks Bahia de Mazarron, an up and coming area for which a €1.5 billion Hollywood theme park is planned.

The villas predecessors, apartments and penthouses at the Mojón Hills resort had been selling at a rate of 5 per day but now the bank in charge has released an exclusive number of villas, ready and waiting to be lived in.

The villas can be purchased with a 107% mortgage which is inclusive of the Spanish property purchase tax, and they also come with three years fixed interest, with the remaining loan set at just 1.5% more than the Euribor rate. The whole purchase can be completed with a starting sum of just €3,500.

Sales manager for PropertyInSpain.net, Ben Walker, says: “The unique location, build quality and finance deals make offers at Mojón Hills the best in Spain. The villas will sell quickly, so it’s first come, first served. Apartments are selling well because they share the same elevated location and bay views.”

To understand the full step-by-step process to buying a property in Spain, collect The Overseas Guides Company’s ‘Spain Property Buying Guide’