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On-trend penthouses in Spain with free sports and spa

Penthouses in Spain sell quickly, especially any topping an exciting upmarket resort and urbanisation that is setting the new standards for innovative design and build quality along the Costa del Sol.

True to form, penthouses in different sectors of the avant-garde Reserva del Higuerón have sold quickly offplan as they were announced. Any remaining unsold during the construction period have been subsequently ear-marked by international buyers arriving late to the party. Contract signed, deposit made, await keys in Q4 2018.

It is rare that penthouses are still available at the key ready stage of the construction cycle and this can be due to a variety of causes:

  • The buyer, having made the reservation deposits, has had a change of mind – or circumstances.
  • A professional relocation to a distant part of the planet would curtail a buyer’s use of the penthouse;
  • A dip in income negates that generous mortgage offer from the Spanish lender;
  • The proposed penthouse sharing partner has run off with a Strictly Come Dancing contestant?

For whatever reason, there are two absolute gem penthouses available at Reserva del Higuerón, a fully landscaped resort that links verdant hillside to the beach and marina at Benalmádena. One of them is at the top of the resort and the other is halfway down, an easy walk to the beach or a free ride on the resort’s own road train.

The first penthouse on offer is at Altos de Higuerón, located at the upper level of Reserva del Higuerón, and provides stunning views of sunsets and the Med. It provides a generous 150m2 of living space with a large solarium terrace. Brand-new duplex 3-bed, 3-bath and key ready €537,000 with all required paperwork in place.

Midway to the beach is the best selling Hill Collection condominium, where the other penthouse shares the same vistas. It offers 3-bed, 3-bath, 2-terrace configuration and 141.57m2 of living space – plus 171.65m2 for the rooftop terrace. Key ready price is €949,000 and all paperwork ready for quick purchase.

Each penthouse offers huge amounts of space, including terraces for pampering essentials like hot tubs, BBQs. There’s garaging for two cars, storage for jet ski and golf buggy and the household is fully automated – air-con, lights, hot tub and coffee pot controlled from a smartphone.

On-trend apartments at Altos de Higuerón

“An entirely avant-garde urban development with innovative architectural design woven into a natural environment, on-trend apartments and bespoke villas offer a unique blend of privacy and state of the art service, not to mention ample parks, green zones, beauty and health facilities, sports complexes and 24-hour security.”

Reviewed in Daily Telegraph, London

International brokers, Walker Property Spain are offering the last of the penthouses with optional fixed interest mortgages and first year free membership of the onsite sports club and spa where La Liga soccer stars arrive to be recharged and repampered.

More :: Buy before Brexit to beat Spanish residency lock-out  | Image :: Sunset from the Hill Collection, Reserva del Higuerón

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New homes where eagles fly – €45,000 in Sierra Escalona

New homes where eagles fly – €45,000 in Spain’s Sierra Escalona :: Brand new apartments with communal pool for only €45,000 in a key Spanish location. Between golden beaches and verdant mountain forests where eagles fly and wildcats roam. Released by Spain’s Sareb bank for international buyers.

Fixed at one third of the original construction cost, the prices are designed to attract international buyers to Torremendo, a “Real Spain” town in Alicante province. It is 20 minutes south of historic Orihuela City and only five minutes longer to the sandy beach holiday resorts of Orihuela Costa. International airports at Alicante and Murcia are 30 minutes’ drive.

Torremendo is a timeless village where already 39% of dwellings are second homes and 18% of residents are ex-pats, mainly German and British. They have been attracted because of the tranquil location that includes large lakes and forests of the Sierra Escalona. They like the fishin’, huntin’ and relaxin’ outdoors ambiance.

International brokers, Walker Property Spain have a good selection of the 2-bed, 2-bath apartments, including penthouses with rooftop solarium, shower and barbeque. Prices from €45,000 to €52,500. Local property professionals say the prices are 70% lower than those intended by the original developers. They equate to €371 per square metre.

Spain’s latest nature park designation

The development, Residential Mirador 1, has been built high above the lush Vega Baja plains. Home owners share a gated communal area with swimming pools, an ideal base for outdoor activities in what is expected to become Spain’s latest national nature park.

 The area is acclaimed for its wildlife, including rare migrating birds and Spain’s greatest concentration of wild cats.

The Sierra de Escalona is considered one of the most valuable ecological spaces in the region of Valencia. It has had international recognition for the many different species of birds of prey. Among them are buzzards and Northern goshawks as well as over a hundred pairs of eagle owls – one of the biggest communities in the whole of Europe, providing many sightings. There are breeding pairs of Bonelli’s Eagle and Golden Eagle.

Image: New homes at Torremendo | Eagle in flight, Sierra Escalona

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Costa Blanca for a full life

Benidorm, Costa Blanca is Europe's favourite seaside resort
Most popular, cosmopolitan lifestyle
Costa Blanca: Full life includes Benidorm, a  very popular, cosmopolitan destination and one of the leading ex-pat and holiday places in Europe. This is due to its 160 km “White Coast” with a mix of villages, holiday resorts and historic towns. These include such as Elche, Orihuela, Torrevieja and provincial capital Alicante. Inland it’s citrus groves, fields, forests and fiestas and the Vega Baja, greened by the Rio del Segura that flows from mountains to the sea. There are new and old properties in every location, many on urbanisations of villas, townhouses. Most are close to all the amenities necessary for a week in the sun or year-round living. Fincas with olive groves for sale and Europe’s greatest concentration of high-rise apartments in Benidorm, a big favourite with holidaymakers. Property bargains from banks and developers have new offers in coastal and inlands hotspots. Fly to Alicante or San Javier (Murcia). Check daily flights from your airport with skyscanner.

More on Costa Blanca | What’s where? Interactive map

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Spain’s real estate: Sales and prices up

Spain’s real estate: Sales and prices increase :: The Spanish property sector is in good health, showing a year-on-year increase of 9.4 per cent in average prices and a 13.4 per cent rise in sales figures. That’s official, coming from the latest report of property registries around the country.

The total of 128,990 transactions registered between 1st January and 31st March is the highest in any quarter since 2008 the last of the boom years and the start of the market collapse. The 12-monthly total now stands at almost 480,000, its highest level for nine years. One negative aspect of the report is that the number of new properties was only 22,000 during the three months, but the figure is 15.4 per cent higher than in the previous quarter.

It is a further confirmation that in many parts of the country excess stock of new-builds which accumulated as a result of the construction frenzy which gripped Spain a decade ago has now been substantially reduced.

Second hand property sales, meanwhile, totalled over 106,000, the highest figure since the second quarter of 2007.

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Spanish mortgage deals 2018 – ‘a good choice’

Spanish mortgage deals 2018 for buyers ay La Manga Club, Murcia

Spanish mortgage deals for 2018: There is already a good choice of mortgages and properties from Spanish banks and, from this year, more building starts from local developers expected for any year from 2008, the outset of the recession.

Best buys – New apartments and villas from leading banks who have taken charge of developments under construction where developer loans are in default. Brand-new, some with years of construction guarantees, these homes are excellent value with peak to present discounts around 35%.

With mortgage deals from the vendor banks around 2% APR and now fixed interest offers for 20 years from Hola Bank, the English speaking specialist, property buyers are being tempted to buy in record numbers. Walkerspain.com buyers can be pre-qualified for their Hola Bank mortgage as part of a Purchase Ready service that smooths the way to a successful purchase and the most suitable mortgage.

Offers – Spanish banks want the properties off their books and will listen to realistic offers. These are formally submitted to special committees that meet weekly and will generally provide an answer with two weeks. However, as the selected property remains on the market, there is the chance it may sell directly off the website or through a higher submitted offer.

Legal – All bank controlled property is fully legal and as such qualifies for generous mortgages as shown here. However, we advice all buyers to hire their own independent Spanish solicitor to check all paperwork, undertake conveyancing and registration and assist with utility provision etc. We can provide firms who have assisted previous buyers successfully.

Endeudamiento/DTI – This is the debt-to-income ratio, and is the percentage of your net income which your total mortgage and loan payments will represent. For example, if your net income is 3000 Euros per month, you already pay 750 Euros per month for your existing mortgage, and the mortgage applied for will have repayments of 250 Euros per month, your Endeudamiento/DTI will be (250+750)/3000 = 33%.  NB – if you are renting out a property longterm, some banks may also include part of your rental income in this calculation.

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Buy to rent resort vacation homes at La Manga Club

Offplan release June 2018 : : Buy to rent resort vacation homes at La Manga Club. Located in the central part of internationally renowned La Manga Club. The Las Acacias sector, is planned as a collection of villas and luxury homes of 2, 3, and 4 bedrooms with private parking and a private pool.

The plots are sized between 500m2 and 742m2 and enjoy a privileged location with views of the Mar Menor (Little Sea) and the rest of the gated resort. Their minimalist design and quality finishes mark a before and after in the resort’s architectural philosophy, creating an exclusive community that is an homage to design and detail. 

Because they are located in one of the best resorts in Europe, in addition to enjoying the wonderful amenities within your home, as a Las Acacias owner you’ll also be able to access the resort’s services, including the professional golf, football, and tennis facilities, the extensive spa and Wellness Centre, and the many bars and restaurants, often with exclusive discounts and promotions just for residents.

This integration into a community isn’t possible if you invest in new real estate projects or those that have not yet been consolidated. La Manga Club owners know that they have invested in a sure thing: a thriving and safe community in which thousands of families have already established residence.

Buy to rent resort vacation homes at La Manga Club | Launch prices 

2 bedroom & 2 bathroom from  617.000 €
3 bedroom & 3 bathroom from  715.000 €
4 bedroom & 3 bathroom from  892.000 €

In this case, the benefits aren’t derived from living permanently in wonderful surroundings, but rather in earning a steady economic income from renting your apartment without giving up the option of spending a number of days there every year. This model of buying a property for the purposes of renting it out is called buy-to-let or buy-to-rent, and it’s an investment that is of particular interest in resorts like La Manga Club.

Because in addition to the permanent influx of temporary residents – holidaymakers, sports enthusiasts – there are also additional specific benefits, including the fact  the resort guarantees the rental for 18 weeks a year. These agreements are completely legal and include an option delegate the management of the rental to an experienced and professional team on the spot. 

La Manga Club international brokers, Walker Property Spain can supply availability and details. The firm’s Fly to Buy and purchase management services organise viewings of these and other short-listed property opportunities.

Author: Kevin Barnett, international property journalist.