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Friday, 14 November 2008 00:00 |
Wherever you live you know where the good property is, the best area for growth, the best areas for amenities, where the leisure and entertainment are. You also know where you would not like to live in you local town or city even if on the surface it looks just the place!
This is the local knowledge you need when choosing an investment home, especially in a foreign country.
The Costa del Sol is the most popular area of Spain for visitors from the United Kingdom and Northern Europe with over 300 days of sunshine a year, fantastic golf, beaches, mountains, skiing, restaurants, shopping – a great lifestyle all within 3 hours flight time from the UK.
The Spanish authorities predict, and expect, significant growth in the number of visitors to the area and there is a massive expansion programme at Malaga Airport to increase the capacity from 8m to 15m passengers a year.
Many people are aware of the downturn in the local Costa del Sol property market over the last 18 months and have heard the sob stories of people not being able to sell their investment properties with all the financial problems associated with this.
It is true there has been a massive, on going, building programme on the Costa del Sol which has resulted in a glut of property, a tremendous amount of which is of inferior quality and therefore difficult to sell on.
Like all mature property markets the Costa del Sol has gone through a period of consolidation and like all mature property markets this is cyclical and there are now signs of a recovery which if it follows previous trends will show a steady growth of value especially for the quality end of the market.
There are probably 8000+ properties for sale on the Costa del Sol but we believe only a fraction of these represent a good investment proposition and through our local partner we know where a lot of them are!
Now is the time to buy! It is a buyers market! There are some fantastic ‘golden nuggets’ to be had if you are able to buy now.
Example:
2 bed/2 bath apartment on a new project in the golf triangle Puerto Banus/ Benahavis. Top quality build. We have a bank valuation for mortgage purposes of €580,000. The purchase price is €365,000!!! There are more like this to be had!
Example:
1,250 sq m build plot with planning permission for a 4/5 bed villa overlooking the Atalya golf course in the golf triangle Puerto Banus/ Benahavis value approximately €575,000 to €600,000. Can be purchased at a good discount. Villa build cost €500,000 value of villa on completion €1.4/1.5m.
Through our partner we are able to bring to you the same knowledge of the real Costa del Sol that you have of your local area.
Our partners are knowledgeable, honest and efficient. Managing Director Sarah Dodgson has years of experience of the real estate market on the Costa del Sol, and her knowledge shines through.
She speaks good Spanish and offers a comprehensive service through strong relationships with local developers, agencies (for both sales and rentals), banks, lawyers and local town hall contacts to ensure that the property you are buying or building will be a legally sound, well-built and reasonably priced.
Sarah's team take great pleasure in showing their clients the insider's Costa del Sol - service doesn't end with a sale and they are a great source of recommendations for rentals, furniture, handymen, restaurants, clubs and social activities and anything else you may need.
If you are interested in purchasing property in Spain, either as an investment or a holiday home, then get in touch with us at
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or on 0845 225 3848. |
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