Map - Salobrena, Costa Tropical, Granada

Salobrena

Though Marla Marquez's post above is over 1 year old and Spanish property prices continue to plummet, it seems that the message still hasn't gotten home to property owners in and around Salobrena. Despite there being over 100 or so villas for sale in Salobrena, house prices there are presently between 44% and 72% more expensive that the rest of Spain. One wonders will the fact that Spanish banks are going to off load their toxic property assets on to the property market, starting in January 2011, bring property owners in Salobrena to their senses. This offload will see entities such as Banesto Bank alone offloading 600 villas and other preperties at 50% below current market prices and the offload is scheduled to continue right through 2011 with many banks to follow suit. Do i hear the sound of panic sales??

Salobreña is a town on the Costa Tropical in Granada, Spain. It claims a history stretching back 6000 years.

The old town of is a cluster of whitewashed houses and steep narrow streets set around a 10th century Moorish castle. The town sits atop a rocky prominence surrounded by sugar cane fields. New developments spread from the foot of the rock to the coast.

The last remaining cane sugar factory in Europe is located along the coast just west of the village of La Caleta

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