Nicklaus Golf Homes in Spain Offered at 50% Discount by Lenders
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Prices of repossessed apartments built on six Spanish golf courses designed by Jack Nicklaus have been slashed by as much as 50 percent as banks try to sell assets acquired during the property market collapse.
A two-bedroom, 74 square-meter (796 square-foot) penthouse in Murcia, southern Spain, is on sale for 128,800 euros ($180,000), down from 272,000 euros three years ago. It overlooks the 18-hole Hacienda Riquelme course and has air conditioning, a 32 square-meter terrace and communal pool.