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This aparthotel complex in Playa Paraiso, Tenerife has recently had a number of units repossessed by the bank. They are now being offered to the general public at a knock-down price with up to 97% mortgages.

This one bedroom apartment is priced at a very reasonable 81,500€ reduced from a price of 96,000€ 2 years ago. Excellent mortgage terms, interest rate from 1.7%, up to 40 year term and monthly repayments as low as 240€ per month. These mortgage terms are not available on standard purchases.

These do well as long lets and holiday lets. Expect around 150€ to 200€ per week or 400€ per month long term.

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