New Development News

Spain with its excellent infrastructure and well established English communities continues to be a favourite for overseas property investors who have consistently achieved good results by buying off-plan property.

The main reason is undoubtedly the excellent terms of payment offered which normally require only 30% of the purchase price to be paid over a 2 year construction period with the balance by pre-arranged mortgage.

Prices for new developments are invariably lower than for equivalent finished well established properties and are expected to rise as the construction proceeds.

Below we have selected examples of these investment properties which we believe to be the best value for money around at present.

A Selection of New Developments

NEW 2 BEDROOM APARTMENTS ONLY 91,000 EUROS

For example you could buy an apartment in a new development near Ronda in the Grazalema National Park, in an area of natural beauty. This would make an ideal weekend retreat in idyllic surroundings or a permanent home only 45 minutes from the coast.

There are 130 apartments all with spectacular views and garden with 2 swimming pools. The first 2 phases have totally sold out and phase 3 has just been released. Prices start at only 91,000 euros for a 2 bedroom apartment with a huge terrace. At these prices this development must be a very promising investment.

FRONTLINE GOLF APARTMENTS ONLY 139,000 EUROS

Another example is a golf resort only 35 minutes from Malaga in a fast developing area. A proposed fast train link to provide 15 minute commuting to Malaga will enable workers in the city centre to live in this magnificent resort and enjoy a wonderful lifestyle at very low cost. The resort offers 2 or 3 bedroom apartments built on 3 floors and all frontline to the golf course. It also has a 5 star hotel, large sports centre, 2 swimming pools and commercial centre. The license has been granted and apartments are selling fast..

Prices start at 139,000 Euros of which 30% can be paid over a very realistic 3 year construction period. This should prove to be a very sound investment.

2 BEDROOM BEACH APARTMENTS FROM £35,000

Finally, a tempting alternative is to try other European destinations. The leader in this field at present is Bulgaria which is enjoying a boom similar to that of Spain in recent years. Prices are increasing by 25% per annum and larger increases are expected when Bulgaria joins the EU next year.

It requires very little capital to invest in this property boom as Bulgaria is like Spain 25 years ago with very low cost of living and the lowest property prices in Europe.

There is a new development on the Black Sea near Varna in an unspoiled area with long sandy beaches, 3 new golf courses and a yacht harbour to be built. You can invest in 2 bedroom luxury apartments in this resort from only £35,000.

For further information:

Log on to: CASA BLANCA REAL ESTATE - the Costa del Sol Development Specialists