Win a property in Marbella

 

Owning a property in Spain outright and without any mortgage is nothing more than a dream for many people.

However, one person will find themselves the lucky owner of an apartment in the much sought-after area of Elvira, Marbella, thanks to a recent lottery offer.

The property vendor has issued a total of 12'000 lottery tickets at the cost of just €30 each – or £25 for those who prefer to pay in sterling - and whilst there has been a flurry of interest in the draw, this relatively new method of taking a property to market still has its sceptics.

We asked the promoters of the property Sun Coast Homes to tell us a little more about the property itself and the legalities of the draw :

How does this house lottery work ?

It basically works just like a state lottery, only that the chance of winning is much larger with odds of 1:12.000. A usual state lottery has around 1:14.000.000.This is in principal the biggest difference.

What about the legal side ?

The property will be transferred to the winner by a notary without any charges whatsoever. It is treated, legally and fiscally, exactly the same as a normal purchase, except the money to be paid at the notary stage will be paid by the organizer of the raffle. In addition, all costs incurred by the property for the first two years will be paid for the lucky winner by ourselves. The idea behind this is that the winner will have the time to reflect, without any pressure, on whether they want to use the apartment themselves or if they would prefer to rent or resell it.

Can I legally participate in the draw ?

Participation is open to all natural or legal persons, of full legal capacity and when at least one ticket for 30 Euro is bought and paid for. This takes place by transfer.

Can you give a brief description of the property ?

A full and detailed description of the property, together with photographs can be seen by clicking >> HERE << .

When will the draw take place ?

The lottery ends when exactly 12.000 tickets have been sold.

How can I join ?

Those who wish to participate in the draw should click the link >> HERE << and click the box ‘Register and buy a ticket' on the front page.There is then the application form to fill in with your personal data and to choose one or more ticket numbers to be able to participate in the draw by the notary.

Why sell a property by Lottery ?

Due to the situation in the real estate market apartments are only selling for a price lower than what the owner purchased it for. We have searched for a way to avoid these losses. This event is just the first of many and more are already in preparation. You can read more by clicking through to the website of the promoter >> HERE << in the ‘contact us' section you can send your questions. The concept not only enables the vendor to sell their property at a fair price, but represents a bargain to the lucky winner of the draw.

Those wishing to participate in the draw can read a full description of the property, together with details of the lottery by clicking on the link >> HERE << .