Overseas - Spain

The long sandy beaches, quaint towns, stunning scenery and fine food have ensured that Spain has remained a popular choice. Amanda Shiel takes a look at what’s available

The Balearic Islands, an autonomous division of Spain, are one of the most popular destinations in the Europe and it is this popularity that has sent property prices in this area soaring by a staggering 15.26 per cent in the last 12 months. Demand for properties on Mallorca in particular has resulted in a limit to the new land available, pushing prices up.
For those keen to purchase a home on the stunning island before prices rise further, Taylor Woodrow de España has a selection of fantastic developments to suit a range of budgets and lifestyles.
For sun worshippers, the east coast of Mallorca is famous for its beaches and offers more than fifty secluded coves of enormous beauty. Cala Millor is an ideal base from which to discover this region. Just 3km from the resort is Port Verd, a collection of 33 spacious two- and three-bedroom apartments, priced from €239,000. This stunning development is just 200 metres from the beach and also benefits from a swimming pool, making it the ideal place to relax and soak up the Spanish sun.
Another development on the east coast is El Puerto II at Cala D’or, a stunning collection of just 31 two-bedroom apartments, priced from €238,000. Many apartments have views over the marina and the development is surrounded by generous gardens and three communal swimming pools. The Vall D’or golf course is just ten minutes away for those wishing to perfect their game in a beautiful climate.
Cala Magrana 2 at Porto Cristo is a more established development where Taylor Woodrow de España has a selection of two-bedroom apartments, priced from € 250,000 and three-bedroom townhouses priced from €285,000. The development is just two minutes away from the sea and very close to golf courses, as well as the marina of Porto Cristo.
Situated adjacent to the popular and well-established Cala Magrana 1 development, properties here benefit from communal gardens and swimming pool, and would be ideal for families or those looking to relocate to Mallorca.
For further information telephone the sales office on 08000 121020 or visit taylorwoodrow.es.
Malibu, at Puerto Banus on the Costa del Sol, is a tranquil retreat from the glitz and glamour that epitomises the exciting Mediterranean coastline of five star hotels, gourmet restaurants, exciting bars and the famous marina that draws some of the finest privately owned craft, in the world. Home of the stars, Puerto Banus oozes sophisticated charm and a certain cutting edge chic.
The four-bedroom ground floor apartment is located in one of the most luxurious front line beach complexes along this golden mile of coastline and is within walking distance of the Andalusian style marina and exclusive resort that is Puerto Banus.
Owners will benefit from 24 hour security, access to the beach, two sweeping free form communal swimming pools and private and spacious terrace.
Puerto Banus is within a short drive of Marbella and there is easy access from Malaga International Airport via the new motorway.
For more details contact Unique Living on 0845 430 0185 or visit uniqueliving.com.
Spain has long been a prime destination for those seeking to combine great weather and beautiful surroundings with their love of golf. For investors, buy-to-let golf properties tend to result in more rental weeks annually, and those who purchase near major golf courses can expect good occupancy rates throughout the year.
Taylor Woodrow de España’s Las Encinas de los Arqueros development on the beautiful Costa del Sol is a collection of just 30 two- and three-bedroom apartments that have been traditionally designed in the style of a Mediterranean village and built to only three storeys high.
The apartments, which are priced from €240,000, feature private gardens or balconies with stunning views overlooking the golf course and sea, a communal swimming pool, landscaped gardens and allocated parking.
Situated only a short distance by car from Marbella and Puerto Banus, Las Encinas de los Arqueros is ideally located and just under an hour away from Malaga airport.
For more information on this development contact the sales office on 08000 12 10 20 or go to    taylorwoodrow.es.
Residents of the luxurious apartment development Los Cortijos in Mijas will gain a bird’s eye view of Marina Mijas. With an initial investment of 50 million euros, Marina Mijas will comprise 800-1,000 berths of all sizes up to 100 metres (328 ft) as well as two docks designed to accommodate transatlantic cruisers. In addition there will be two hotels, a commercial area with shops, restaurants, cafés, leisure zones, a congress centre, yacht club and full service dry dock. The new facility will comfortably create up to 1,000 new jobs and the avant-garde design will ensure that it becomes a worldwide reference point.
Los Cortijos will comprise one-, two- and three-bedroom apartments are set within the Costa del Sol’s true ‘golf valley’ with 12 courses within literally minutes of the resort. The properties themselves all boast golf, sea and mountain views with no sub-standard views on offer and are superbly equipped with first class laminate wooden flooring in living rooms and bedrooms, heating and comfort cooling, fully fitted kitchens, disabled-adapted lift access to just two apartments per floor, allocated parking and storage. On-site facilities include a gymnasium, spa, sauna, three swimming pools and manicured gardens whilst the Calanova Golf Clubhouse is within comfortable walking distance.
Prices start from just €195,000 euros for a one bedroom apartment with 25m² of terracing rising to €440,000 euros for a three-bedroom three bathroom duplex penthouse with a mammoth 40m² of terracing.
For further information on Los Cortijos contact Duchy Estates on UK freephone 0800 849 8089 or call the Spanish office on 00 34 952 906 944. Alternatively, visit duchyestates.co.uk.
Spread over two valleys in the foothills of the Sierra Bermeja on the cosmopolitan Costa del Sol is the 900 acre paradise of Monte Mayor Golf & Country Club, La Perla International Living’s flagship resort development in Spain. Here, residents enjoy not only the best weather in Europe, but also the unspoilt beauty of the Andalusian countryside.
Purchasers will have the secluded, rural refuge of their dreams, yet remain within minutes of the bustle and excitement of the coast. Whether buyers prefer the natural beauty of the golf course designed by Jose Gancedo, the rugged hills or shimmering water panorama stretching all the way to Africa, the views at Monte Mayor are incomparable.
Buyers have the option of superb plots, which are carefully situated throughout the landscape of Monte Mayor, or for those who prefer living in a more intimate, interconnected community, luxury townhouses are also available in the private mountainside village of La Heredia de Monte Mayor. Homes here offer wonderful views sweeping out over the Mediterranean to the African coast.
La Heredia will be comprised of 135 two-, three- and four-bedroom luxury townhouses. Each has a unique design and includes fireplace, double glazing, under floor heating throughout with individual climate control in each room, garage space and a storage unit.
Townhouses start at €695,000 (two-bed/two bath) and range to €995,000 (four-bed/four bath). Villas start at €930,000 (four-bed/four bath) and range to €1,050,000 (four-bed/four bath).
For more information contact La Perla International Living on 0031 205894070 or visit laperlainternationalliving.com.

Family snap up a bargain
Tracy and Richard have lived on the Costa del Sol for five years but always in rented accommodation. With demanding jobs they never had the time or the inclination to house-hunt but as the market cooled towards the end of 2007 and daughter Lylla settled into school, Tracy and Richard decided that they’d take the plunge and go bargain-hunting.
Tracy says, ‘Our criteria started off rather vague, a townhouse or a villa maybe with a budget of €500,000 to €700,000. The only definites were that we needed a big garden, so apartments were out, and wanted to stay to the west of Marbella close to Lylla’s school. We made an online enquiry with Duchy Estates and were emailed a selection of properties, many of which were exclusive to the agent rather than pulled off a multiple listing system. And as they understood what we were after we agreed to conduct some viewings.’
The couple had a stroke of good luck when a property that had originally been out of reach suddenly became an option after the vendor dropped the price from €890,000 to €790,000 euros. The four-bedroom villa in Cancelada was on a 940m² plot, had an immaculately maintained garden with swimming pool and partial sea views.
Tracy says, ‘Richard was immediately impressed with how well the property was built. The French architect had opted for 600mm thick walls and at nine-years-old the property had had plenty of time to settle so anything structural that was going to fail would have already done so. The current owners had lovingly looked after the villa and no major works on the kitchen or bathrooms was needed. In short we loved it, but not for €790,000, which was too much. After some negotiations our initial offer of €660,000 was nudged a little higher to €690,000, but for that we also got most of the furniture and cupboards full of bed linen and crockery.’
Tracy, Richard and daughter Lylla cannot envisage moving from their villa for many years to come and with all that space they might even extend the family!
Contact Duchy Estates on UK freephone 0800 849 8089, the Spanish office on 00 34 952 906 944 or visit  duchyestates.co.uk.

Spain is eternally popular for a hundred reasons. Foremost is its accessibility from the UK: with a flight of just two hours or so you can be in another world. Also, there is the ability to be in an environment that is the opposite of dear old Blighty: sun, beautiful light, a relaxed pace of life. Add in the culture, the food – everything about Spain says, slow down, don’t worry, have fun.

And what’s good for the tourist is good for the investor. Those in the market for the perfect overseas buy-to-let will find plenty to love in España. In the development of Arana de Mijas (see also The family that golfs together, right) is a superb development of apartments that offers all purchasers a guaranteed rental of five per cent per annum for two years from completion.

With its contemporary architectural style, homes at Arana de Mijas are spacious, equipped with the latest mod cons and green features. Modern construction techniques ensure energy efficiency, salt water systems are used in the communal swimming pools, the attractive landscaped gardens are lovingly planted with native species and a centralized solar energy system is expected to cut individual consumption costs to less than half the usual rate.

Cerrado del Aguila is located at the heart of Mijas’ ‘golf valley’, and there are an additional six golf courses within five minutes of the resort. The famous Hipodromo Costa del Sol racecourse, fun-packed AquaPark, sweeping sandy beaches and tasty seafood restaurants of Mijas are also within easy reach. Málaga International Airport served by both no-frills and no-corners-cut airlines can be accessed by motorway in 15 minutes and the new high speed AVE connects Madrid to Málaga in a rapid two and a half hours.

Prices start at €285,000 for a two bedroom apartment. Contact Duchy Estates on UK freephone 0800 849 8089 or see duchyestates.co.uk.

 

 

 

Spain is ever-popular, and it is easy to see why. Johnny Turner takes a look at the properties – and the current property issues – that buyers will find when exploring this holiday and investment favourite

Spain is eternally popular for a hundred reasons. Foremost is its each accessibility from the UK: with a flight of just two hours or so you can be in another world. Also, there is the ability to be in an environment that is the opposite of dear old Blighty: sun, beautiful light, a relaxed pace of life. Add in the culture, the food – everything about Spain says, slow down, don’t worry, have fun.
And what’s good for the tourist is good for the investor. Those in the market for the perfect overseas buy-to-let will find plenty to love in España. In the development of Arana de Mijas (see also The family that golfs together, right) is a superb development of apartments that offers all purchasers a guaranteed rental of five per cent per annum for two years from completion.
With its contemporary architectural style, homes at Arana de Mijas are spacious, equipped with the latest mod cons and green features. Modern construction techniques ensure energy efficiency, salt water systems are used in the communal swimming pools, the attractive landscaped gardens are lovingly planted with native species and a centralized solar energy system is expected to cut individual consumption costs to less than half the usual rate.
Cerrado del Aguila is located at the heart of Mijas’ ‘golf valley’, and there are an additional six golf courses within five minutes of the resort. The famous Hipodromo Costa del Sol racecourse, fun-packed AquaPark, sweeping sandy beaches and tasty seafood restaurants of Mijas are also within easy reach. Málaga International Airport served by both no-frills and no-corners-cut airlines can be accessed by motorway in 15 minutes and the new high speed AVE connects Madrid to Málaga in a rapid two and a half hours.
Prices start at €285,000 for a two bedroom apartment. Contact Duchy Estates on UK freephone 0800 849 8089 or see duchyestates.co.uk.
The Canary Islands is a firm favourite with British holidaymakers, but little has been heard about purchasing property.
This month’s Kyero.com Spanish House Price Index shows that Lanzarote, the fourth largest island, remains the most expensive, with prices averaging €312,000 – 27 per cent above the national average of €245,000.
Fuerteventura, the second largest island, recorded an average price drop of 9.2 per cent in 2007 from €247,500 to €226,750 however prices appear to have picked up with an average price of €250,000, two per cent above the national average.
For bargain hunters, Tenerife, the largest island and home to the co-capital Santa Cruz de Tenerife, has always offered property well below the national average. Last year saw a marked price increase; however, property still remains affordable averaging at €208,000 – that’s 15 per cent below the national average.
Meanwhile, back on the cosmopolitan Costa del Sol, in the foothills of the Sierra Bermeja, is the 900 acre Monte Mayor Golf & Country Club. Spread over two valleys, La Perla International Living’s flagship resort development will feature 135 two-, three- and four-bedroom luxury town houses. Each has a unique design and includes fireplace, double glazing, under-floor heating throughout with individual climate control in each room, garage space and a storage unit.
Town houses start at €695,000 for a two-bed, two-bath property. Villas start at €930,000 for a four-bed, four-bath house. The location is very convenient, with Malaga only a 45-minute drive. Call 00 31 20 589 40 70 or visit laperlainternationalliving.com.
The Huelva area, on the western Costa de la Luz, is not only beautiful and sunny but also much more affordable than many other locations in southern Spain. At Jardines del Guzman you can buy a property for less than €55,000.
Set in the charming white village of Puebla de Guzman, Jardines del Guzman is a boutique development of just 40 apartments and town houses arranged around a typical Andalusian-style plaza. Here you’ll find both rural lifestyle and great access to airports, motorways and beaches.
Jardines del Guzman comprises one- and two-bedroom apartments as well as three-bedroom town houses. All properties have underground parking and storage, while the town houses have suntrap roof terraces. Rustic stoneware covers the floors excepting kitchens and bathrooms which have premium quality tiling. Telephone lines, television and solar energy are all pre-installed for convenience.
Prices start at €54,505 for a one-bedroom apartment, €81,370 for a two bedroom apartment and €131,718 for a three-bedroom town house. Completion is scheduled for November 2009. Non-resident mortgages of up to 80 per cent are available in Spain, subject to status. Contact Titan Properties on 00 34 959 399 982 or visit titan-properties.com.
For those on the other end of the price scale, Unique Living offers a real jewel near Puerto Banús in the Costa del Sol – ideal for those for whom money is no object. This magnificent front-line beach villa with manicured lawns and pool adjacent to the Mediterranean has five bedrooms and six bathrooms, as well as parking for up to eight cars and a double garage.
There are wonderful touches like a double marble staircase, Library and industrial-sized kitchen. The location is close to the golf course and two minutes from San Pedro.
Priced at  £4.69 million (€7,000,000). Contact Unique Living on 0845 430 0185 or visit uniqueliving.com.
In Cogollos, Costa Tropical, Eden Villas offers two-bedroom, two-bathroom luxury apartments at Altos de Agua. This is a wonderful place to get away from it all, with a hillside setting offering stunning views over olive groves. There is a pool, as well as fireplaces, large terraces, private gardens, marble floors, air conditioning and central heating and underground parking.
The location is fabulous, well situated for a range of activities. It’s only 30 minutes to world-class skiing in Sierra Nevada, 15 minutes to beautiful Granada, 25 minutes to the airport and 50 minutes to lovely beaches.
Prices start at €177,000 (approximately £123,122). Visit edenvillas.co.uk for more information.
Also available through Eden Villas are studio apartments at Residencial La Guapa, at Castillo de Banos. Just 1km from the beach and 10km from excellent golfing facilities, this location offers easy access to roads and motorway. Well priced yet offering fabulous views, a swimming pool and gardens, these properties are great for investing in this unspoilt area which is benefiting from carefully planned expansion.
Prices start at just €£56,275 (approximately £80,914). Visit the website as above.
In the beautiful Costa Blanca, Taylor Woodrow de España is offering to pay your mortgage for a year – ideal for this cash-strapped time of year.
The house builder has teamed up with Banco Halifax Hispania to help prospective buyers get over the January blahs. Benefits of the mortgage package, exclusive to Taylor Woodrow de España’s clients, include a reduced arrangement fee of 0.25 per cent (normally one per cent), up to 40 years to repay (subject to age) with interest-only repayments for the first 15 years.
Taylor Woodrow de España has just released a selection of fantastic properties at Lagunas del Sol in Rojales, a charming village which lies at the heart of the Vega Baja region of Alicante.
Offering a collection of 54 two- and three-bedroom terraced town houses, priced from €210,000, Lagunas del Sol is perfect for those looking for a comfortable home in a beautiful setting. As an added incentive, Taylor Woodrow de España will pay purchaser's mortgages for 12 months, interest-only.
Call 0800 012 1020 or go to taylorwoodrow.es.
Golf is king in Spain, of course, and for many buyers a high-quality course is a must. At La Quinta Golf, you will find south-facing two-bedroom, two-bathroom garden apartments within one of the most sought-after residential communities on the Costa del Sol, La Quinta Golf. The property is finished to a superior standard with cream marble floors, a fully fitted kitchen with Bosch appliances and hot and cold air-conditioning. The bright terrace and private garden enjoy plenty of sunshine while the communal pool nestled into landscaped gardens is set against an incredible mountain backdrop. Priced from €360,000. Call UK freephone 0800 849 8089 or see duchyestates.co.uk.

Required reading
Buy in Spain – and stay sane
Anywhere you are thinking of buying, it is crucial to get acquainted with the particular rules and rhythms of that particular market. For prospective investors in Spanish property, recent revelations of overbuilding in certain areas and other potential problems should make you more determined to get all the facts before making such a commitment.
In their new book Buying a House in Spain, property experts Stewart Anderson and Leonne Hall set out to bring the most relevant, up-to-date information to investors. After all, they say, ‘Most risk lies in ignorance.’ Avoiding the snakes and mistakes is the name of the game.
One of a set of new guides, which also include books on France and Italy, this is an indispensable source of information, whether you’re buying a holiday home, planning your retirement or simply making a fresh start in sunnier climes.
The book contains everything you need to find the right property, avoid the pitfalls and save time and money. Avoiding paying too much tax, building your own property, finding the right mortgage and letting your property out – all these are covered.
Buying a House in Spain is published by Crimson and available at £12.99 at crimsonpublishing.co.uk and at good bookshops and online retailers.

On shaky ground?
Following recent developments from the Spanish government involving action being taken to demolish illegally built properties along the Spanish coastline, present-day owners and would-be investors alike are wondering what the future holds for the Costas.
Lino Brydges, head of overseas mortgages at NatWest International Personal Banking, says this action ‘has obviously caused quite a lot of concern for people who own property in Spain’. However, he says, home owners should not panic.
‘Those who are worried should speak to their professional and legal advisers and make sure that all relevant checks were followed when their property was built or purchased to ensure all processes when obtaining their property were legal and carried out correctly.’
Technically any property built close to the shore after 1988, of which there are many thousands, could be earmarked for demolition. While this rule is intended to protect the coastline, which according to Spain’s environment ministry is set to shrink by 15 metres by 2050, Adam Gale, managing director of Costa del Sol estate agent Duchy Estates, is not sure there will be widespread demolition when all is said and done.
‘Whilst I applaud the environmental sentiment and feel that in certain isolated cases the bulldozers should be brought in, I cannot see this widespread demolition taking place for a number of reasons,’ says Gale. ‘For starters, a budget of £5 billion to clear the illegalities of 776 kilometres of coastline is totally unworkable; that figure wouldn’t even touch the sides. For we’re not just talking the cost of the bulldozer here, but also the phenomenal legal bill that would hit the Spanish government.
‘Coastal property owners will not see their life-savings or permanent place of residence razed to the ground without a fight.’ Also, he says, many owners of coastal property will be able to prove they bought in compliance with the law and thus will be in line for compensation – and a lot of it. He cites Alcazaba Beach as an example: ‘At an average market value of 700,000 euros per property that’s a potential €210 million-worth of compensation before the government’s even paid the bulldozer.’

The family that golfs together
Golf fanatics the Harrocks family found just the right environment – and just the right high-quality golfing – they were looking for in the Costa del Sol.
The combination of sea, sun and wonderful golf amenities meant that James and Victoria Harrock – and their two sons under the age of ten – had just the right balance of fun for a young family and the comfortable pursuit of par or under.
The family, from Formby in the North West of England, have just bought a three-bedroom penthouse apartment at Los Cortijos in Mijas.
Mrs Harrocks says, ‘My husband has been a member of the local golf club since the tender age of ten and regularly puts in an appearance to work on his handicap and one by one we’ve all mirrored his interest. I take lessons when I get the chance, although I’m not going to divulge my pitiful handicap, and our boys age nine and five are also very handy with a golf club.
Initially we thought about buying a ski chalet for a second home, as we are also fond of skiing, but we soon realized that year-round sunshine topped our wish list and of course that meant year-round golf.’
Los Cortijos, a residential development of one-, two- and three-bedroom apartments in Mijas, certainly had accessibility on its side. With Liverpool John Lennon Airport on the Harrocks’ doorstep, there is a quick and affordable link via both EasyJet and RyanAir.
Variety is also very important, she explains. ‘Of course our life does not revolve around golf so we need plenty of extra-curricular activities to keep ourselves and the boys interested. Mijas is ideally located for sandy beaches, bars, restaurants and the town even has its own Aquapark, Racecourse and modern shopping centre. Puerto Banús with its swanky yachts and designer boutiques is 15 minutes’ drive to the west and if we don’t fancy leaving the resort we’ve got heated swimming pools, a gymnasium and spa on the doorstep.’
The fact that she has family in Madrid was also a big factor. All in all, the Harrocks family found the perfect location.
Prices start from just €195,000 for a one-bedroom apartment with 25 square metres of terracing, rising to €440,000 for a three bedroom, three bathroom duplex penthouse with a mammoth 40 square metres of terracing.
For further information please contact Lautier on 00 34 916 502 802 or lautier.com.

Stunning architecture, good food and plenty of sunshine – this country has it all says Amanda Shiel  

It’s little wonder that three quarters of a million Brits own a property in Spain. The country enjoys excellent weather, long sandy beaches, fabulous weather and beautiful scenery and with more airports in the UK running frequent and competitively priced flights, this country’s popularity is only set to grow.
Los Cortijos in Mijas is a residential development of one-, two- and three-bedroom apartments set within the Costa del Sol’s true ‘golf valley’. The properties are superbly equipped with first class laminate wooden flooring in living rooms and bedrooms, heating and comfort cooling, fully fitted kitchens, disabled-adapted lift access to some apartments per floor, allocated parking and storage.  On-site facilities include a gymnasium, spa, sauna, three swimming pools and manicured gardens.
Prices start from just €195,000 for a one-bedroom apartment with 25m² of terracing rising to €440,000 for a three-bedroom three bathroom duplex penthouse with 40m² of terracing.
For further information contact Lautier on 00 34 916 502 802 or visit lautier.com.
Tucked into the pine-clad hills framing the town of Marbella, Meisho Hills comprises two-, three- and four-bedroom homes. All are en-suite and range from an ample 350m² to a considerable 850m² in floor space. Homes also include private swimming pools, lifts, garaging for two to three cars, wine cellars and individual rooftop Zen Gardens. Every convenience is afforded with underfloor heating, air-conditioning, Italian designed kitchens with Miele appliances and Jacuzzi tubs in each bathroom.
Prices start from €1,556,000 and completion is scheduled for March 2008. Contact Duchy Estates on UK freephone 0800 849 8089 or call the Spanish office on 00 34 952 906 944. Alternatively, visit duchyestates.co.uk.
Comprising one- and two-bedroom apartments and two-bedroom executive penthouses, Hoyo 19, the latest release at Nuevo Portil, boasts spacious private terraces and balconies, underground parking and stunning landscaped gardens with a feature swimming pool. Located on the western Costa de la Luz, Nuevo Portil Golf Resort is set in an idyllic location interspersed with natural umbrella pine forests and overlooking golden sandy beaches.
Off-plan prices start from as little as €156,000 (approx £108,000). Completion is expected for May 2009.
Self-build is a cost-effective and satisfying way of acquiring a villa in southern Spain. A bespoke villa can be built for up to half the cost of an equivalent resale property, with all the advantages of choosing your own views, layout and style. Carrington Estates have various plots available at Monte Mayor Golf & Country Club, starting from £250,000 for approximately 2,000m² and at La Zagaleta starting from £400,000 for approx 4,000m².
Contact Carrington Estates on 00 34 952 810 868, UK Local Rate 0845 094 1168, or visit  carrington-estates.com.    
Spanish Algarve Properties is now marketing Colinas Da Boavista in Tavira, on the Eastern Algarve. Colinas Da Boavista is a private complex built alongside the River Gilao offering lovely city views and boasting traditional winding streets, beautiful churches and a peaceful atmosphere.  There will be a selection of one-, two- and three-bedroom apartments available, set in landscaped grounds with a communal swimming pool and all finished to a superior standard incorporating Italian designed kitchens, wood flooring, electric shutters, double glazing, fireplaces, fitted kitchens and jacuzzis.
Prices start from just £140,000. Call 0870 004 6041 or go to spanishalgarveproperties.com.

Jerez is perfectly placed for a high-style way of life, with every conceivable leisure amenity at hand. Only 15 minutes from the Atlantic coast and bordering the mountainour Ronda region, this is a location with quite impressive beauty. A new motorway links Jerez with the Costa del Sol, Cadiz and Seville, so getting around to other wonderful Andalucian destinations is simple.

Just outside Jerez is Monecastillo Golf Villas, a collection of 40 designer villas on the edge of holes 3, 7 and 8 of Montecastillo Golf. There are three- and four-bedroom houses with 200 sq m of superb living space plus large terraces and 40,000 sq m of landscaped gardens.
The homes have a personalised rental programme, perfect for investment buyers. The gated community also has 24-hour security and an on-site property management office.

Buyers at Montecastillo are getting a complete lifestyle along with a beautiful home. There is an 18-hole Jack Nicklaus-designed golf course which hosts several high-profile championships, as well as a driving range and golf academy. The development also boasts a five-star luxury hotel and conference centre, as well as restaurants and bars. The wellness centre and spa has everything for relaxation and revitalisation, including a heated indoor pool, outdoor pool, Jacuzzi, Turkish baths, a gum, massage room and beauty centre.
The terrain in and around Jerez represents the best of what Spain has to show the visitor: the tidy, sinsible motorways thread through undulating hills, giving tantalising glimpses of sea, as well as towns and cities like blinking jewels in the distance. Onward to Granada, where centuries of history mingle with a forward-looking mindset to form a gorgeous, trendy, chic city that has a wealth of influences, from Arab onwards.

Its charming marketplace and the world-famous Alhambra Palace reflect the Moorish past of the city, while excellent restaurants boast the finest of all cuisines. Many come to Granada to ski, and the neighbouring Sierra Nevada is ideal for that.
All the more reason to buy a property in this very popular destination. Not only does Granada have world-class skiing, but golf is once again a particularly popular pastime. The Medina Elvira Golf Residencial development is an opportunity to live in a beautiful environment within an easy 30-minute drive of everything Granada has to offer.

Medina Elvira consists of a range of homes, including wonderful front-line units priced from just £109,400. Meanwhile Medina Suites offers 72 luxury apartments built around the club house, and the development allows all residents permanent access to all the five-star facilties. There is will give you 24-hour security, access to the gym and spa, a fantastic bar and restaurant and a concierge service to tend to your every need. Each apartment is built to the highest standard offering residents typical Andalucian style, spectacular views and ‘front door’ access to the golf course.

UK Freephone 0800 011 2352

Overseas buyers should look to Cyprus and Bulgaria this year, says property investment specialist Assetz. With help from its own International Property Investment Tracker, it has identified these countries as the best bets for overseas buyers.
Stuart Law, managing director of Assetz, says, ‘Southern Cyprus is set to become the overseas investment hotspot of 2006, with deposit levels falling to just 15 per cent in many areas for higher income clients and with Swiss Franc mortgages now available with rates of just 3.25 per cent, making borrowing even more affordable.
Bulgaria also looks set to continue its reign as a lucrative long-term investment, with ski resorts delivering year-round rentals and yields of up to 12 per cent – as much as double those in the coastal resorts, says Law. ‘The ski resorts thrive through the summer months, offering activities such as hiking, fishing and mountain biking. The low cost of living (a pint of beer for example, costs 50 pence), new cheap flight routes and world-class ski facilities mean Bulgaria is now providing healthy competition to the French and Austrian ski markets.’ Law points out that Bulgaria is still an emerging market, however, and ‘although investment prospects are strong, the resale market is not guaranteed and investors should exercise caution.’
France and Greece were also singled out as hot overseas investments for 2006.

Spain gets hotter

Buying property in Spain shows is getting more and more popular, according to Hunters Overseas Properties. The agent has seen a ten per cent hike in overseas enquiries over the last month from those looking to buy in Spain, with both relocators and investors eager to purchase in more sunny climes.
Hunters’ statistics have recently been backed up by a London Spanish Tourist office survey which shows that Britons continue to favour the Costa del Sol. Brits are expected to purchase 150,000 Spanish homes within the next three years. In Andalusia alone, British-owned properties amount to some 90,000, and the region saw a 43 per cent increase in British tourists between 2000 and 2004.
Lucy Malec, head of the overseas division at Hunters, says: ‘The rising interest over the last year has been due to the opening up of some areas due to low-cost flights. The recent arrival of Doncaster/Sheffield airport, coupled with improvements and new operators at Leeds, Bradford, Humberside and Teesside means that those in the north of England can now reach their Spanish holiday home in less time than it takes to reach London.’

Desirable villas near Granada

A variety of detached villas, each on a plot large enough for a private pool, is currently on the market in Montesol. The location is a unique urbanisation situated just 20 minutes drive from Granada. With prices starting from an astonishing £78,000 for a two-bedroom detached home, interest is expected to be high.

‘The price includes the land and build but does not include kitchen, boundary walls or any extras,’ says Craig Stocks of Eden Villas. ‘The homes are built to the very highest specification and offer the best value for such an urbanisation in southern Spain. We have been selling these homes for a little while and this is the latest phase.’ Kitchens and bathrooms can be built to an owner’s particular specifications and budget so realistically the finished home will cost around £100,000.

Investment-wise, these homes are shaping up to be winners. Stocks describes a client who bought four years ago whose property has doubled in value since purchase.

Montesol is in a quiet location 1.5 km from Puerto Lope village, where facilities include post office, banks, doctors, dentist, four supermarkets, a butchers, a bakers and a hardware store. There is also a disco and several cafés and bars where one can relax and watch the world go by . The valley and countryside offer stunning views, yet Montesol is only 20 minutes from the magnificent cultural city of Granada. This city basks in a giant basin surrounded by blue mountains, often snow capped, and complemented by the world famous Alhambra Palace.

Montesol offers good capital growth potential, not to mention proximity to skiing facilities, which gives the property all-year-round use. With such a beautiful location and such amazing prices, this is a development that makes sense to the overseas purchaser.

Get more information from Eden Villas by calling 01382 505101.

Properties that put the swing into Spain

Brits love golf and they love Spain. So when the relaxing, challenging sport and the sunny climes of Spain come together, something special happens. Golf lovers looking hunting for a property with good golfing nearby have a wide choice of locations, with luxury newly built developments from Taylor Woodrow de España in the Costa del Sol, Costa Blanca and Mallorca. With developments built on or near quality golf courses in all three regions, buyers are sure to find the right property.

El Bosque de la Mairena in the Costa del Sol is an exclusive Taylor Woodrow de España development of two-bedroom apartments and three-bedroom penthouses near the El Soto de Marbella golf course. Just a short drive from Marbella and its famous shopping malls and seafront restaurants, this residential complex sits within a secluded hillside location with stunning sea views.

The resort will soon have landscaped gardens and a communal swimming pool, while the nearby El Soto clubhouse offers a bar and restaurant as well as a fully equipped gym with sauna and jacuzzi. The surrounding forest also provides the perfect setting for hiking trails and scenic walks. Apartments include natural floor tiles throughout, air conditioning and fully fitted kitchen. Prices start from €269,700.

Los Eucaliptos, also in the Costa del Sol, is a fantastic development of two- and three-bedroom apartments located south of the 18-hole golf course at Los Arqueros Golf and Country Club. Just a short drive from Marbella, Puerto Banus and San Pedro, the residential complex is surrounded by landscaped gardens and two communal swimming pools. Most of the properties overlook the golf course and some have sea views. Prices start from €218,000 euros.
Los Arqueros Golf and Country Club boasts one of the most challenging 18-hole golf courses in southern Spain, designed by the internationally renowned golfer Seve Ballesteros. The clubhouse has a pro shop, bar, restaurant and sun terrace, perfect for getting to know the neighbours, or simply relaxing in the warm climate. Local amenities also include squash courts, tennis courts and a gymnasium.

Situated in a prime Costa Blanca location near Alicante, the town of Alenda is placed for both weekend getaways and lengthy sunny holidays. The 18-hole Alenda golf course, adjacent to two new Taylor Woodrow developments, offers facilities such as a friendly clubhouse, tapas bar and restaurant. Supermarket and shops are also planned.
Lagos de Alenda is a development of two bedroom apartments, with each spacious home built to a high specification, including two bathrooms and fitted kitchen. An attractive sun terrace provides the ideal space for soaking up the Mediterranean sun, and there is an allocated basement parking space and spacious storage room perfect for storing golf clubs and more. Many of the homes have views over rolling landscaped grounds, where there are two lake-style swimming pools. Prices start from €155,500 euros.

Valle de Alenda, a new release nearby, offers 35 two- and three-bedroom town houses, some facing the golf course and others with breathtaking views of nearby mountains and fabulous scenery. The development will include landscaped gardens, swimming pool, supermarket, clubhouse and shops. Homes are built to the highest specification and include air conditioning, fitted wardrobes as well as a spa bath. Prices start at €263,000 euros.
In Mallorca, the La Colina del Golf development is a brand new development of three- and four-bedroom town houses in the small and exclusive resort of Camp de Mar on the island's west coast. The development is just over 30km from Palma, Mallorca's capital, making it easily accessible for shopping and sightseeing.

La Colina is close to both the Andratx golf club and the exclusive harbour at Puerto de Andratx which, with the provision for over 300 moorings, is widely recognised as being one of the best known yachting marinas on the island. Homes are built to an exceptional standard and each has its own private garden. Prices are to be confirmed upon launch.

Taylor Woodrow has been building homes in Spain for more than 45 years. The company provides a specialised service and dedicated team who can help and advise through the entire process of choosing, buying and settling into a new Spanish home. For further details call the UK sales office on 0121 600 8961 or go see taylorwoodrow.com/spain. Alternatively, call the brochure hotline on 0845 450 1555.

Spain is the setting for over a quarter of our second homes. We look at the psychology of buying in a sunnier climate

‘The sun significantly influences the decision-making process of British second home buyers,’ says Dr Cliff Arnall, health psychologist and human happiness expert. Research shows that around 42 per cent of active home buyers in Spain are British, causing the Spanish market to rise annually by 12 to 15 per cent, so far claiming 27 per cent of British overseas property seekers.

As a result of Spain being sunny, inexpensive and easily accessible due to the increased number of no-frill flights to and from the UK, the property market rose by 12.8 per cent in 2005 compared with the local market at a mere five per cent. The slow-tempo suntrap is evidently the UK's most popular destination for second homes, according to Spanish property developers, Keysol.

‘The notorious SAD (Seasonal Affective Disorder), caused by decreased winter daylight hours, affects up to eight per cent of Britons and can strongly influence lifestyle decisions, including where to live,’ added Dr Arnall. One in six Britons will have depression at some point in their lives and is most common between the ages of 25 to 44.

Almost 260,000 Britons are said to own second homes abroad, with some reports showing a total investment of around £23 billion in overseas property, mostly in Spain, and showing a steep rise in value from £11 billion two years ago.

Keysol estimates that more than 50 per cent of British overseas property buyers make their choices based on having spent time holidaying in the region. The Government Office of National Statistics report that in 2004, UK residents made a record 42.9 million holiday trips abroad, an increase from 6.7 million in 1971; Spain was the most popular destination, indicative of the growing interest in Spanish investment.

Michael and Carol Sharp from Bedfordshire, bought their townhouse in Costa Blanca based on their love for the area; having watched it develop and flourish in parallel with their children who are now parents themselves. Michael said: ‘We are more relaxed here because we know the area. We didn't just buy a house in the sun; we invested in a better life in a place we've grown to love.’

Property Keysol's services director, Mark Hughes, is witness to the rising trend in British home buying in Spain, in particular in the Costa Blanca and the Costa Calida. ‘Spain's sunshine index is very attractive,’ said Mark. ‘With 320 days of sunshine per
year and an average daily temperature of 21C, there is little wonder why our clients are reserving their off-plan properties earlier now than ever before.’

Spain's 12 hours of summer sun versus the UK's five, offers no mystery why the British public have become obsessed with the Costas. In addition, the World Health Organisation has deemed Costa Blanca one of the healthiest places in the world to live.

Available properties range from humble apartments to stunning detached villas, making Spanish property affordable for a wider market. Select from two bedroom Keysol apartments for as little as £163 per month*.

No-obligation four-day inspection trips to the Costa Blanca and the Costa Calida are available through Property Keysol at only £89. Visit www.keysoluk.com or call 0845 6018306.

*Figures based on 40% deposit, excluding taxes, legal fees and closing costs. Based on interest only mortgage for up to 15 years, 3.47% (Mibor rate +1%), and arrangement fee 1%. Examples provided by St Georges International Finance. Mortgages in Spain are not regulated by the Financial Services Authority.


Michael and Carol Sharp moved from Bedfordshire to Benidorm – and haven’t looked back

Despite ambitions to retire at 60, Michael Sharp, a self-employed builder, took early retirement at 61 to realise his wife’s dream – a home under the Spanish sun. Michael and Carol have visited spectacular Benidorm for the past 35 years and, along with their children, had watched the area develop and grow to the highly sought-after area it is today. It was that intimate relationship with the region that made them want to spend the rest of their days in the surrounding quiet hills.
Only five weeks after placing their Bedfordshire home on the market in November 2005, the Sharps accepted an offer on their house and the decision to leave the UK was confirmed. Leaving behind three children, two grandchildren and a successful self-made business, the Sharps visited the Keysol Roadshow in the Milton Keynes.
Keen to find out more, they accepted an invitation for a four-day inspection trip. With the completion of the sale due any day and Michael preparing to retire, time was tight for further holidays, so the brief inspection trip was an ideal platform for the couple to visit the region and wet their appetite for the slow-paced lifestyle they were after.
 ‘The trip was incredible,’ said Carol. ‘Instead of the stressful time I perceived it might be, with endless walking, information overload and travel fatigue, it turned out to be like a mini getaway with the added bonus of seeing a few houses. The three-night, four day trip included wining and dining, something to remember indeed.’
An English-speaking Keysol representative greeted the Sharps at Alicante airport and drove them to their hotel in Torrevieja to freshen up and rest. After a brief meeting at the Keysol offices and a presentation on available properties matching their requirements, the couple was whisked off to Balcon De Finestrat, less than five miles away from Benidorm, 70 miles north of Torrevieja.
 ‘It was love at first sight!’ said Carol of the delicately urbanised Finestrat town. With Benidorm’s famous Gran Hotel Bali in view and only a five minute drive from the Terra Mitica Theme park, the location was perfect and the semi-detached townhouse spoke a thousand words.
The Sharps loved their new three-storey, three-bedroom home, with roof terrace, solarium, kitchen appliances and sea views to boot. At only £237,000 all inclusive and a £1,800 furniture pack, it was well within budget, and certainly a bargain for the dream lifestyle they were about to enter into.
As reality would have it, the decision was all based on the exchange of their house in the UK. Due to delays, the Sharps could not commit to the property in Spain, but there was absolutely no pressure from Keysol to pay a deposit. Keysol offered to hold the property irrespective of their situation in the UK, and made welcomed checks to offer their help or advice where required. Service was impeccable.
At the end of February the sale of the Bedfordshire house was completed and the Sharps returned to Benidorm. Without a place to stay until their Finestrat home was sale agreed, Keysol put the couple up in an apartment for five weeks, completely free of charge, until their big move to Finestrat on March 24. Carol added: ‘We couldn’t have asked for better assistance, they were absolutely brilliant!’ Keysol arranged all legal and financial matters, including their private pension, making the transition process as painless as possible.
Michael said: ‘Language is becoming less of an issue now, and instead, a healthy challenge. We are now teaching the locals English and they’re teaching us the translation, so what could be better? We are more relaxed, never in a rush, and life is cheaper and sunnier. We didn’t buy a house, we invested in a better life.’
Being the first people to move into the 60-unit Finestrat development, the Sharps aptly named their new dream home La Primera Casa, meaning ‘the first house’.

Spain – answers supplied by Manuel Sánchez Vélez, a member of the Property Lawyers Abroad Network (PLAN)

Introduction

From our point of view the current market in Spain is based more on the quality than on the quantity. Spain has become one of the top countries, offering services for tourists with easy facilities to travel into our country and with plenty infrastructures in such a way that it is considered like the “Californian area of Europe”.

What should the buyer be looking out for when purchasing in Spain – any legal problems/issues specific to these countries?
 
During our years of extensive experience in conveyancing we have noted that the main concerns raised by non-national clients when acquiring a property in Spain are:
 
1.- Conveyancing formalities and procedures.
 
2.- Guarantees
 
3.- Tax Liability and Compliance
 
If clients are properly informed and well advised from the outset on conveyancing procedures and the various types of documents involved, then they will be able to embark on transactions with greater assurance and peace of mind.

Could you briefly talk UK property buyers through the legal process and how it works in Spain? What should a lawyer be doing on their behalf?
 
It is essential to advise the client that the first step in the proceedings is the pre-contract reservation agreement, signed when the booking deposit is paid to secure a property. The reservation agreement should state the name(s), address and I.D. Card/Passport number(s) of both vendor and purchaser or purchasers.  Obviously, the pre-contract agreement should include a brief description of the dwelling, and any other appurtenant property included in the transaction (garage parking facilities, lock-up storage unit, etc.). The agreement should also clearly specify the price of the property, the amount of the booking deposit, and the deadline for signing the Contract of Sale, which is usually between four to six weeks.
 
It should be remembered that where the vendor is a non-resident you, the Purchaser, must retain 5% of the purchase price stated in the Deed of Conveyance. This 5% must be lodged with the Spanish Inland Revenue as a payment on account, on behalf of the vendor, to cover the Vendor’s eventual capital gains liability generated as a result of the sale. Your lawyer is the person best qualified to deal with all these matters.
 
Before embarking on your property investment, it is worth while considering whether you wish to have the deeds signed in your own name only, or jointly with your spouse, if you are married. 
 
You may also wish to consider the advisability of registering the property in the name of a company, bearing in mind that these options may help you to avoid unnecessary expenses in the future.
 
Before having your deeds registered at the Land Registry you must first apply for registration with the police department as a non-national (Identification Number for Non-nationals). This is a mere formality, for which you only require a certified copy of your passport, and a signed application form. 
 
You will require this identification number for non-nationals should you wish to open a bank account in Spain. 
 
Newly-built homes: In most cases the developer will offer a standard contract of sale, requiring an initial down-payment and a number of interim or staged payments, which are generally linked to progress of construction and completed work stages. In most cases, the final payment is made on completion of the works, when the Deed of Conveyance is signed. 
 
Likewise, if the developer has financed the development through a mortgage loan, the purchaser has the option of assuming the mortgage, on a pro rata basis, in lieu of the final payment. Should you not wish to avail of this facility, the developer must discharge the mortgage insofar as the mortgage affects your property, and the developer will be liable for any expenses or outlay entailed in the discharge of mortgage. 
 
Any interim payments you make to the developer while construction is in progress must be guaranteed by a performance bond/bank guarantee or insurance policy
 
As we have already remarked, before having your deeds registered at the Land Registry you must first apply for registration as a non-national (Identification Number for Non-nationals). 
 
Nowadays the majority of developers will raise no objections should you decide to sell on the property prior to completion, i.e. assigning the rights and obligations under the contract of sale to a third party, thereby recovering any moneys you may have paid to date, including V.A.T., plus any potential profit you are likely to make upon assigning the contract (re-selling).

Registration of your deeds at the Land Registry usually takes six or seven weeks from the date on which the deed was signed before the Notary Public.
 
Proof of registration is unequivocal proof of title, and that title is guaranteed by the Land Registry.
 
What legal costs can buyers expect?

The approximate costs and disbursements entailed in the entire procedure, including taxes, notary’s fees, Land Registry fees, professional fees charged by the solicitor, etc. amount to approximately 10% of the purchase price, unless application has been made for a mortgage to cover part of the price, in which case a further 5% must be added to the costs. This additional 5% would cover taxes entailed in the mortgage, the mortgage arrangement fee, mortgage protection insurance (life and home insurance) valuation fee, notary public’s fees and Land Registry fees entailed in processing the mortgage.
 
 Should buyers trust legal services offered by their developer or agent?
 
Manuel Sánchez Vélez comments: “It is common practice in Spain for the estate agency to suggest a lawyer. However, the agent is merely making a recommendation and you are entirely free to retain a solicitor of your own choice. Regardless of whether you take up the agent’s suggestion or decide to seek a solicitor yourself, it is always advisable to consult the solicitor at the outset on a wide range of issues to ensure that you get the best level of service to meet your requirements.”
 
 Is it safe to buy in Spain?
 
Thousands of property transactions take place each year on the Costa del Sol. In the vast majority of cases these transactions prove to be an excellent investment, bringing many advantages to the investor, provided that the procedures and formalities are properly handled and supervised by a lawyer. Your lawyer will answer all your queries and ensure that risks are kept to a minimum.
 
What is the most important piece of advice you would give to someone looking to buy in Spain?
 
Manuel Sánchez Vélez comments: “We would advise prospective buyers to employ a solicitor who specialises in drawing conveyances, with extensive experience and knowledge of all the legal and fiscal aspects of property transactions in Spain.”

Your decision to employ a lawyer will provide you with peace of mind and save you considerable expense in the long run.
 

Janice Lewis and her husband Peter retired to the Andalucia region of Spain in June 2003. Janice answers some questions about the move and her new lifestyle
What made you decide to move to Spain?
It all started when we visited our friends in July 2002 who had moved to Spain earlier in that year. They had purchased a villa which was built by a couple of local Spanish guys who had just started their own company. Their home was the first home these guys had built together. Our friend was very knowledgeable regarding building and had done quite a lot of research into living in Spain.
We stayed with our friends for a week and during that time they took us to an area about three kilometres from their home, where his builders were going to build some new homes. It was a very picturesque area, between mountains and set in almond and olive groves. We had become so impressed with our friends’ lifestyle and the cost of living in Spain, and of course the weather, that we decided to purchase the first plot of land in the area we had come to see.

How long did it take from getting the idea to move to Spain to moving in?

Surprisingly it only took us ten months. When we arrived in June our home was still being built, so we rented here for three months. Actually this was quite good as we were able to watch the villa being built.

Looking back, what would you have done differently?

We don't think we would have done anything differently – although my husband thinks we should not have brought out all our furniture with us. We had lived in our house for 34 years and were very attached to many of our possessions. Plus the sale of the house went through very quickly, so consequently we did not have very much time to get rid of things. Our furniture was in store for five months.
 
What has been the most pleasant surprise about where you live now?

The peace and tranquillity of the rural area. We hear a lot of birdsong. We have seen eagles and often watch the goats on the mountain with the goat man. When we lived in England, although it was a village our garden backed onto a main road which fed the M1 so we had a lot of traffic noise. Actually, at the time of writing this it is completely silent apart from the birdsong.
 
Why Spain and not somewhere else? Did you seriously consider another country?

We often thought about moving to France and loved the country. We holidayed there nearly every year. However, property prices and the cost of living, I think, are comparatively cheaper in Spain - especially in southern Spain where we live. And as I said earlier, our friends of 36 years were here and had already done the groundwork for us and knew all the downfalls. We hadn't considered any other countries.
 
Do you feel your home is a good investment? Are property prices performing well where you are?

Our home has been a fantastic investment. In the three years we have been here we have seen the value double or maybe a bit more. We certainly have been following the property market in our area and have seen the prices rise considerably. Of course, the cost of living has also increased since we have been here. But it is still a lot cheaper than the UK.
 
We live in Andalucia, in a small village in the province of Almeria. Our nearest town is about 12 kilometres, although the next village to us has shops is about five kilometres away. The coast is about a 45-minute drive. We think our home is in an ideal location.
 
Can you recommend a good Spanish wine?

Obviously we have tried many of the Spanish wines and enjoy them. We are both very much red wine drinkers but have also found a few white wines which are also enjoyable. For everyday drinking we have found a quite cheap but very good bottle of red called Fin del Rio 2004, from the Castilla y Leon area - it costs only E1.85 a litre! For a better bottle when entertaining, I have found a very nice rioja 2000 reserver called Coto de Imaz priced at E7.99. For whites, a very reasonably priced white rioja comportillo 2005, priced at E1.65 and a very nice cava called Cabre y Sabate, either semi sec or sec, at E1.65. These are all purchased at the local supermarket.
 
What advice would you give someone considering a similar move?

I would say do it ASAP - but if they are a couple it must be on the agreement of both parties. We do know of people who are very homesick and want to return to the UK but their partners do not. We settled in very well, possibly because life was made easier for us having such very good friends here already; however my husband did have a few initial problems settling in.
We both love the weather and we have got some very necessary shady areas to sit as it does get very hot. So that is a must. The other thing which is a bonus and very enjoyable is the swimming pool. I don't think I could live in this country without access to a pool. I think another piece of advice would be to learn the language. It is not necessary to speak it fluently - I will never get to that stage - but at least to have a little understanding of it really does help. The other thing is to get sound legal advice on what and where you are buying. A lot of mistakes and problems have arisen from people not looking into things before they purchase and not getting proper legal advice.

If golf is your hobby, these fantastic Spanish properties are must-sees.

Golfers who have thought of buying abroad would certainly be interested in a home within ten minutes of a top-class golf resort. Whether buying for a weekend retreat, corporate visits, holiday home, investment or retirement abode, these new homes, at Lomas De Cuevas on the Costa Almeria, make perfect sense.

And the proximity to excellent golfing is not the only advantage to this development. Lomas De Cuevas is situated on the edge of the beautiful and historical Spanish town of Cuevas del Almanzora, which hosted the 2005 Mediterranean Games, and the infrastructure created for the Games continues to benefit the local and regional communities.

For the golfer this is a paradise. Just ten minutes from these new homes is Desert Springs Golf Resort, while Valle del Este Golf Club and Marina de la Torre Golf are15 to 20 minutes by car. These are already in situ and more are being planned.

Craig Stocks of selling agents Eden Villas says, ‘What is particularly appealing about these properties is that for those who do not play golf there are other activities readily available, not least the beautiful beaches of Vera, Palomares, Garrucha and San Juan de Los Terreros. A little further afield is the coastal resorts of Mojacar and Mojacar old town, set in the foothills of the Sierra Cabrera mountains.’
Getting to your holiday home at Lomas De Cuevas is simple. Almeria airport is only 30 minutes away, while Alicante airport is an hour and three-quarters.

The first phase of the complex comprises two-bedroom, two-bathroom apartments set in private grounds with landscaped garden areas and a communal outdoor swimming pool. The properties benefit from a fully fitted kitchen complete with white goods. The homes are also pre-installed for air conditioning and the price includes private underground parking.
Homes at this desirable development range from £75,000 to £82,000. To arrange an inspection visit or for further information contact Eden Villas on 01382 505101.

International Property Sales (IPS) Ltd offers homes in two luxury golf resorts. El Valle offers the utmost in luxury living, the crème de la crème of golf resorts. Situated in Murcia, El Valle consists of 688 luxury villas and apartments all set within 1.1million square metres of land surrounded by an 18-hole golf course designed by world-renowned Nicklaus Design. And as a special incentive, IPS Ltd is offering one of a range of luxury cars, including the latest Mercedes B Class, with every luxury villa that is purchased through them. Prices for the luxury villas at El Valle start from €500,000.

Jardines de Alhama is a carefully designed development of apartments, integrated within a luxurious garden amid various parkland and developed to maximise the enjoyment of the surrounding landscapes. This collection of apartments has been designed to traditional Mediterranean architecture with a whitewash style. The ground floor apartments feature terraces leading onto private gardens, while the upper floor apartments boast terraces and a spacious solarium. Every apartment  at Jardines de Alhama bought through IPS Ltd will come with a free state-of-the-art widescreen plasma TV worth £1,500. Prices for the two-bedroom apartments start at €119,500 and three-bedrooms are priced from €131,000.

Conditions apply to IPS’s incentive packages. For further information contact 0845 600 8866.

A new opportunity on the Costa Blanca.

The chance to sample the best of Spanish living is now easier than ever. Taylor Woodrow de España, the only UK-based Spanish house builder, is offering eager house hunters in search of property on the Costa Blanca the opportunity to experience its selection of two-bedroom apartments at Lagos de Alenda as part of a unique ‘lifestyle visit’.
‘Lifestyle visits’ are tailor-made trips for interested purchasers to get a flavour for life in Spain and take a closer look at the stylish properties available. Taylor Woodrow’s UK-based European Sales team will arrange flights from your nearest airport, transport to Lagos de Alenda, and conveniently situated accommodation.

Visitors can also benefit from the sound advice and assistance of the company’s English-speaking team of experts on site, who will be on hand throughout the visit and can provide any necessary contacts such as Spanish lawyers, finance management and rental and removals companies.
Barbara Hibbert, European sales and Marketing Director for Taylor Woodrow de España, said: ‘Buying a new home abroad is undoubtedly a big step and the more information purchasers have about the properties and their location, the more confident and happy they are in their move.  We understand the need to address individual concerns, therefore we have introduced “lifestyle visits” to Lagos de Alenda and other selected developments for prospective purchasers.’

Situated in a prime Costa Blanca location, near to Alicante, Lagos de Alenda is a luxury apartment scheme with each spacious home built to the highest specification, with fitted wardrobes, two bathrooms, and fitted kitchen with oven, hob and extractor fan, and utility room. An attractive sun terrace provides the ideal space for soaking up the Mediterranean sun, and there is an allocated basement parking space and storage room perfect for storing golf clubs.

Many of the homes have views over rolling landscaped grounds, where there are two lake-style swimming pools, or the 18-hole Alenda Golf course, which is adjacent to the development. Facilities include a friendly clubhouse, tapas bar and restaurant. Lagos de Alenda is well placed for both weekend getaways and lengthy sunny holidays, with Alicante Airport just a short drive away.
Barbara added: ‘I believe potential purchasers will be surprised by how affordable the apartments at Lagos de Alenda actually are. These stunning homes have been built to Taylor Woodrow’s exacting construction standards and are set in beautiful surroundings. The properties represent great value for money and I would urge anyone interested to take a closer look through one of our lifestyle visits. The dream of living in Spain is far more achievable than they think.’

Taylor Woodrow has been building homes in Spain for more than 45 years. The company provides a specialised service and dedicated team who can help and advise through the entire process of choosing, buying and settling into a new Spanish home.

Taylor Woodrow de España currently offers homes on the Spanish mainland at the Costa Blanca, Costa del Sol, and on the Balearic Island of Mallorca. For further details telephone the UK sales office on 0121 600 8961 or go to taylorwoodroow.com/spain. Alternatively, call the brochure hotline on 0845 450 1555.

New pension rules regarding property ownership have some very attractive implications for those who want to buy overseas, according to Assetz

The change in pension rules to allow investment in residential property through self-invested personal pensions (SIPPs) will trigger a wave of new overseas buying, according to Assetz, a property investment specialist dealing with properties in France, Spain and Cyprus.
Assetz believes that second homes in favoured holiday destinations such as Spain are likely to be top of the shopping list after ‘A’ Day, when the rules change on 6 April 2006. Research from the company shows that Spain’s mature market makes an excellent choice for SIPP investors, with capital growth still high and forecast to grow at ten per cent a year for at least the next five years. Year-round sunshine and the high numbers of world-class golf course developments makes 30 weeks or more annual rental a realistic goal, with potential gross yields of ten per cent plus. This rental income would be immediately reinvested back into the SIPP and used to pay off any mortgage.
Stuart Law, Managing Director of Assetz comments, ‘Off plan purchases at discounted rates still offer the best opportunity to maximise profits. It is possible to buy off-plan today and then assign the contract to the pension after the rule changes, as long as the completion date is after ”A Day”.’
SIPP investors will benefit from full UK income tax relief on the purchase price of the property, before going on to collect rental income tax-free in the pension fund. Any profits made from the sale of the property will also be free from UK capital gains tax but may incur Spanish tax. However, there are ways to reduce this to 15 per cent of the gain. What’s more, says Assetz, the pension fund will be able to borrow to invest, so buyers will be able to gain access to holiday homes that would otherwise have been out of their reach.

One Spanish hotspot is Murcia, with its abundance of world-class golf resorts, which is an excellent choice for SIPP investors who are looking to pay off a mortgage with rental income.
The acclaimed Hacienda Riquelme Golf Resort in Murcia will be the main focus for major golfing ceremonies and events in the area when completed in 2006. The development is built around an 18-hole golf course designed by Jack Nicklaus with shops, restaurants, spa and swimming pool complex, tennis courts and gym.

One- and two-bedroom apartments are priced from €155,000, with rental income expected to reach £500 plus in June and £700 plus in August.
Stuart Law continues, ‘Investors should be aware that they will need to pay rent at the going market rate when they make use of the property themselves, but this money will be pouring straight back into their own pension pot. It needn’t even be an additional cost, since investors can simply pay their pension contributions for that year in the form of rent.’
For more information about Hacienda Riquelme or other Spanish buying opportunities call 0161 456 4000 or visit assetz.co.uk.