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Furniture and kitchen appliances FREE

Typical bedroom furnished under current offer.

Furniture and kitchen appliances FREE for limited period for buyers at Valle Romano Golf & Resort, Estepona. Appliances include built-in microwave and ceramic hob. Offers applies to all available apartments and penthouses in current sectors.

Furniture is quality Nordic style and comes from a local specialist showroom. Appliances are a leading international brand, all subject to availability. Terms & conditions apply.

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Second Garage FREE at golfside condo

Second garage space FREE with selected properties – worth €15,000 – at hilltop and golfside Valle Romana Golf & Resort, Estepona. Applies to mid level and penthouse apartments, all with golf and sea views.  There are 22 key ready apartments available from walkerspain.com .

 

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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

Offplan release scheduled for June 2018: Located in the central part of internationally renowned La Manga Club, the soon to be launched Las Acacias sector, is a collection of villas and luxury homes of 2, 3, and 4 bedrooms with private parking and a private pool, among other amenities.

The plots are sized between 500 and 742 sqm 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. 

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 agreements are completely legal, and also allows you to delegate the management of the rental to an experienced and professional team. 

Prices at Las Acasias start at under €100,000 for 2-bed homes and international brokers, Walker Property Spain can supply availability and prices and organise viewings of short-listed properties

Author: Kevin Barnett, international property journalist.