
Spanish Property Officially Back in Vogue
When a decade-long building binge came to a spectacular end in 2007/8, Spain fell from grace in the eye of the property investor. However an uplifting u-turn is underway with specialists now calling the nation a "star market". According to market research from the Urban Land Institute and PwC released in January (Emerging Trends in Real Estate® Europe 2014) the real estate market is moving to areas that a year ago would've been thought to be 'no-go' - Spain being one of them. Of the 500 or more expert individuals questioned, 67% agreed or strongly agreed that there is now good buying opportunities in Spain. The report explains this astonishing turn around in sentiment towards Spain as "one of the most remarkable property stories of this year's Emerging Trends Europe".
Chris Mercer, Director of 30-year established Murcia-based estate agents, Mercers, says, "There's no doubt that Spain has had a tricky post-bubble ride. In many regions, including ours, prices have fallen by half, and confidence took a tumble - as well as Spain's economy. But now the Spanish Government expects an upgraded forecast of 1% economic growth for 2014 and the property revival is gathering momentum. Informed investors, in particular from abroad, are snapping up the deals and traditional buyers are following within their wake - bringing life to this cherished property market."Mercers can easily corroborate this investor influx with its total sales for 2013 outstripping 2012 with a substantial 60%. The leading nationality was British creating 64% of last year's purchases. As buyer assurance continues to grow, the Company boldly predicts 2014 sales to eclipse those of 2013 by a further 30%. However, it doesn't expect any price rises, at least for the
first three quarters of the year.
Adding further weight to the "Spain is back" argument, online real estate portal Rightmove has the country at number one spot in the latest search report out in January. Spain made up 30.9% of all January searches followed by France in second place with 14.93%. Meanwhile,
all of the ten top climbers (areas with more than one hundred searches each day) are found in Spain. The strengthening of the pound up against the euro (one pound will buy you 1.21 euros today versus 1.14 euros exactly one year ago) has also made properties even cheaper and helped to fuel this hunger for an overseas home.
On the market in Murcia:
FOD136 - Villa, Camposol Golf, Mazarron, Murcia, Spain Detached two double bedroom
'Fortuna-style' villa with family bathroom set in the golf resort of Camposol on Spain's sunny Costa Calida. To the front of the property is a large full-length open terrace with pergola and, once inside, the living accommodation offers a generous bright lounge, dining area, fully fitted kitchen and both bedrooms have fitted wardrobes. Upstairs there is a substantial rooftop solarium accessed from stairs at the (third) rear terrace. Set on a plot of 350m², the grounds have raised gardens, vehicle and pedestrian entrances, a tiled driveway and a large private swimming pool set alongside the sunny front terrace. Available fully furnished and with the bonus of under-villa storage. Camposol Golf has an 18-hole course and plenty of shops, restaurants and bars on-site including an opticians, vets, medical centre, hairdressers and a weekly market. The Blue Flag beaches and marina of Mazarron are within a 15 minute drive.
Two bedrooms, One
Bathroom
Price - 119,950 euros (approx 99,100 GBP)
Contact Mercers Costa
Cálida on 00 34 968 199 188, UK Local Rate 0845 017 7805, email
sales@spanishproperty.co.uk or visit www.spanishproperty.co.uk
Foreign Visitors to Murcia up 8 1% - Way Above National Average
Chris Mercer, Director of Murcia-based estate agent Mercers, is adding the excellent news to a fairly effective year to date. “Last month we reported that Mercers had completed 70% more residential property sales in the first half of 2013 than for the equivalent timeframe in 2012,” says Chris, “and it seems like this positivity extends from the real-estate industry to the tourist industry. Not merely has Murcia enjoyed a bumper year, but Spain all together obtained 34 million oversea tourists - up 2.9% on 2012 and officially a new Spanish record. What’s more, they’re spending more money - 6% greater than 2012. Incredibly good news for any country that depends on tourism to fuel its economy.”
Based on information from the Government’s official tourism statistics department, Frontur, Murcia’s 8.1% increase is well above the national average of 3.9%. It only comes 2nd to the adjoining location of Valencia which enjoyed a growth of 11.8%.
For July, the UK was Murcia’s primary source of tourists with a 2.8% rise over 2012 contributing 50.1% of oversea arrivals to the area. The French took an 11.4% share, a sizable 15.4% increase over July 2012. In the meantime the Nordic nations of Denmark, Finland, Iceland, Norway and Sweden provided Murcia’s third greatest supply market for July at 10.6%, a rise of 15.1% over 2012. By far the biggest improvement at 45.8% came courtesy of German, Dutch and Belgian visitors, each taking around 8% of the total. Russian arrivals were up six fold but figures are small in comparison.
Looking at Spain overall, July killed all earlier records with the appearance of 7.8 million foreign visitors, 321,000 more than in 2012. Russians once again staged the greatest rise, 30% year on year, with the Nordic nations at 18%. Catalonia, capital Barcelona, is Spain’s largest draw getting 25.8% of all visitors to Spain. Lack of stability in Tunisia, Turkey and Egypt is thought to have contributed to Spain’s extraordinary tourism success.
For the cost of several family package holidays, this two bedroom one bathroom Clasico-style terraced villa is presented in immaculate condition (Ref CLAC100 - Clasico Style Villa, Camposol Golf, Mazarron, Murcia) for only 47,995 euros (approx 40,990 GBP).
Listed to sell, the home is fully furnished, has satellite television along with a small front garden with citrus trees along with front and back patios - the former south facing for year-round sunshine. A real bonus is the rooftop mountain-view solarium with built-in bbq accessed from stairs on the rear patio. Storage space for sun loungers is found up here with additional storage created beneath the access staircase. Within just the lounge includes a feature flame effect fireplace, the kitchen fitted with white goods, both bedrooms have built-in wardrobes and the bathroom has a shower over bath.
Built area 92m², two bedrooms, one bathroom
Price - 47,995 euros (approx 40,990 GBP)
Or how about a very cheap property for just 35,000 euros (approx 29,800 GBP) that should be priced 15,000 euros greater than it actually is, but in necessity of an urgent sale (Ref RED105 - Terraced Villa, Camposol Golf, Mazarron, Murcia). Never been lived in yet already partly furnished, the terraced ‘Rebecca’-style home requires a little cosmetic attention and it’s your blank canvas for holiday living. To the front is a large full-length open terrace with pergola and there is a similar terrace to the back with stairs up to a third substantial roof terrace. Inside is a generous lounge with dining area, fitted kitchen area and 2 dual rooms both with fitted wardrobes. The family bathroom includes a shower over bath.
Two bedrooms, one bathroom
Price - 35,000 euros (approx 29,800 GBP)
Camposol Golf has an 18-hole course, four star Spa hotel and many shops, bars and restaurants on site along with an opticians, vets, medical centre, hairdressers and a weekly market. The blue flag beaches and marina of Mazarron are within a 15 minute drive.
Contact Mercers Costa Cálida on 00 34 968 199 188, UK Local Rate 0845 017 7805, email sales@spanishproperty.co.uk or visit www.spanishproperty.co.uk
Theme Park motivates Hamiltons to double their Spanish property investment
After the Hamiltons purchased their very own holiday home in Camposol Golf on the Costa
Cálida six years ago, they had no aspirations for acquiring a property portfolio. Nonetheless, combining Barry's upcoming retirement and news of a Paramount-branded Theme Park persuaded them to take advantage of the current buyers' market and acquire another house in Camposol Golf.
Barry (51), from County Antrim in Northern Ireland, continues the tale, "Spain was a clear decision for us as it's only a few hours by direct flight from Belfast, has got excellent infrastructure, an inviting population and its culturally not really that different within the UK. Having said that we didn't want to make the mistake of buying in a built-up Torrevieja or a over loaded Costa del Sol so as an alternative went for the up-and-coming region of Mazarron for the golf, countryside and enticing coastline. After six years holidaying at the house in Camposol Golf we've didn't have any regrets."
"I'm due to retire this year from my position in Health Care Management and we're keen to enjoy as much as nine months each year in Spain." Barry carries on, "Our youngest, Lewis, 14, entirely loves the Spanish life so could feasibly sign up for one of the remarkable local schools and gain the asset of becoming proficient in a foreign language. When announcement arrived of a Paramount-branded Theme Park for 2014 along with the opening of Corvera International Airport in 2012 - both not even half an hour's drive from Camposol Golf - it slowly became obvious that we really should purchase another property. Current selling prices really are remarkable and we're aiming to be able to get profitable Paramount-fuelled rental income in the long-term."
The Hamiltons currently own a 3 bedroom 'Rebecca' design home bought in 2005 for 68,000 pounds (about 98,000 euros back then) and a 2 bedroom detached 'Fortuna' style property together with sunroom along with swimming pool obtained this year for 108,000 euros (about 96,000 pounds). However they were cautious not to invest little money without first executing considerable research into your Spanish property market and indeed the actual real estate agent with whom they decided to conduct business. In the Hamiltons' case, Mazarron-based Mercers on both occasions.
Barry carries on, "Buyer be wary, there are plenty of property businesses around flaunting their wares on the web but I discovered plenty to be showing pricey homes of inferior quality in unfavorable areas. With Mercers, homes were valued accurately, based on the fact they have 28 years working experience retailing Spanish property, and we found the buying and legal method to be easy and straightforward - they were nothing but precise. Finally, don't part with significant sums of money to a company you meet once in a hotel room and then sends you on a pushed observing trip. Mercers has a fixed office in Camposol Golf, allowed the property to sell itself and our only regret is we didn't buy our slice of Spanish sunshine sooner."
Epilogue...
Actually Barry was so impressed by the way that Mercers conducted themselves that he has approached the Company to be their Northern Ireland representative upon his retirement. Chris Mercer, Director, comments, "I have constantly aimed to develop a team based on real people who have also obtained property through us. This shows a degree of trust and integrity that many agents overlook and is something that has earned us a number of awards. If the team member has actually obtained a home through Mercers, been through the full Spanish purchase method and is willing to represent us going forward, then potential customers will know that they're in safe reliable hands. With Barry leading the team in Northern Ireland, not just are possible buyers speaking with somebody who has bought two properties but they're also working with someone who has amassed six years of Spanish property ownership experience.Barry is very experienced in the area and can advise based on genuine understanding."
Chris will be joining Barry in Northern Ireland this autumn to go to a number of exhibitions highlighting the spectacular low-price property opportunities on the Costa Cálida. If you're in Northern Ireland contact Barry on barry@spanishproperty.co.uk and for all other enquiries, visit spanishproperty.co.uk.
On the Market for Just 59,950 euros:
Ref RED77 - 'Rebecca', Camposol Golf,
Mazarron, Murcia
The Truth About Buying In Spain
The Hondon valley, a sloping, rural enclave of villages and farms 40 miles inland from Alicante has been a composed spell for many Brits which came looking for a place in sunlit Spain away from the roasting heat and concreted Costas. But after the recession many hit by the deficient Euro exchange rate have been forced to sell their villas at rock bottom prices or give the keys back to the bank.
"Marbella is at its peak right now" In spite of what we hear about Spain's dire financial status, big unemployment figures and landscape bundled with unsold homes you would find it difficult to see a unhappy estate agent. In fact in some areas they are in good spirits cheerful.
Michael Lovett, administrator of Fine & Country Marbella says: "Marbella is at its peak right now not just because of the poor weather in the UK but because the area is undergoing a real renewal. Changes to the cultural scene and the transport method have currently been made to re-establish Marbella as the area to live and as a result, the future of the property market is favorable."
Number one buyers are Russians and Scandinavians Astounding perhaps but Spain is still the top destination for Brits; despite according to British builder Taylor Wimpey Espana, their number one buyers are now Russians and Scandinavians. "On the Costa del Sol alone, 45 per cent of the total sales this year have been from both Scandinavian and Russian buyers," says Marc Pritchard, Taylor Wimpey's sales and marketing supervisor. The developer is auctioning two-bedroom apartments and three-bed penthouses on its La Floresta de la Mairena
scheme near Marbella, priced from €178,000. As well as at Avalon, also in Marbella near the Los Arqueros golf course, it is selling two and three-bed apartments boasting sea and golf views from €250,000.
British estate agent Mercers are also very positive referring to the property market in Murcia. "Prices appear to be holding stable," said Chris Mercer, who has 29 year knowledge of selling freehold Spanish properties and sells most of all to retirees aged between 47 and 65. "The
average age of our buyer is approximately 60 and spends between €110,000-€200,000," he says. "They're not just coming to buy a bargain; they want a good property they can enjoy. I boldly predict our sales to increase by 25 per cent in 2013 over 2012."
Problems for those wanting mortgages He adds that houses priced at €195,000 are now selling for approximately €185,000 however he does predict problems for those needing mortgages. "The main effect is that bank financing will proceed to be a problem in Spain. If a buyer wants higher than 50 per cent loan to value and the property is not bank owned, it really is a no-go situation. This will limit the market to wealthier cash-rich buyers and steer people in the route of, often less preferable, repossessed homes."
Nothing deterred Peter and Jennifer Siggers, both 62 from selling up and purchasing a three-bed, three bath villa with private pool in Camposol, Mazarron for just €155,000 which they spotted on Mercers' website. "It was infeasible to match euro-for-euro elsewhere on the Spanish Costas or islands," says Peter, a former administrator of a timber merchant in Nuneaton, Warwickshire. "We're not overlooked, have views to the hills and the countryside, yet can reach the social bustle of the on-site restaurants, bars and shops on foot or via a quick car journey."
Interestingly Spain's infrastructure does not seem to have suffered since the downturn. Daniel Chavarria Waschke, who heads up
Balearics Sotheby's International Realty that has offices in Mallorca and Ibiza, reports that the airport in Mallorca has been expanded and improved and that there are plenty of private hospitals and mesdical experts operating to extremely high standards. Sothebys are positioning themselves to focus on the high net-worth buyer"Health care equals or exceeds standards within northern Europe," he states. "And two years ago new roads were delivered across Mallorca. We understand there are many more potholes in England." Such is the certainty of Sothebys that they are positioning themselves to target the high net-worth buyer. "We have altered our real estate portfolio to exclusively market only houses with a sale price exceeding €2 million and apartments of over €500,000 to fit our audience," Daniel boasts.
Unfortunately none of this is of any comfort to those tied to homes they can't sell or walk away from like Diane and Bruce Bastin, who paid cash for their home (pictured above and below) 10 years ago. We located Hondon quite by accident," explains Diana. "We just stumbled across the valley after driving over the mountains and fell in love with it. It was peaceful, and unspoilt."
They bought their three-bed, two bath villa with pool from a builder plus a adjoining stretch of land to safeguarded their privacy.
It's just 40 minutes from the beach, in secluded spot, near to the village and built from natural stone and sits on a large stretch of land. However its €295,000 price tag has enticed few buyers. Now Bruce has decided to reduce it to just €199,000.
Diane, 76, a retired company secretary and Bruce, 75, a former record producer, decided to sell due to Bruce's poor health. He previously had a triple by-pass last year. Fortunately they've retained a home back in the UK on the Sussex coast. "Our house would be suitable for a couple who wished to manage a business," says Diana who is also happy to include several furniture pieces in the sale. "There is plenty of space for a workshop or office. I had thought of running a kennels."
The spacious, single storey house stands in one-acre neighboring an Almond farm and vineyard with views of the valley and mountains. It features a mature garden of fig and olive trees and oleander bushes surrounding a large pool. This mountainous region has proved particular
favoured by downsizers and retirees since the weather conditions are cooler making it more tolerable in summer.
Increasing sales and award win for Murcia estate agent
A Murcia estate agent has topped off a year of hurtling sales with a win in the International Property Awards Europe.
Mercers has been named the "Best Real Estate Agency Spain" in the 5 star awards, after enjoying a September with the greatest sales volumes since 2005.
Inspite of the economic slump, customers from all through Europe are nevertheless aiming to discover a property in Murcia. Most notably are British investors, who remain active in the market.Chris Mercer, director of Mercers, stated: "Like all of Spain we have been afflicted by the crash, all the same house hunters are homing in on Murcia for a lot of reasons."He explained that prices in the market are "very attractive" at the present time, with homes at the bottom end within the range still bragging two bedrooms on a golf course.The fresh Corvera Airport is likewise likely to be up and running by the Easter week in 2013, while a Paramount licensed amusement park might be opened in 2015.
Camposol Property
Purchasing a home in the sun is a dream of many. The Camposol development on the Costa Calida within southern Spain is a very affordable way of making that a authenticity. Camposol property has a lot to offer, with something for everybody, be it a low maintenance holiday residence or a villa with a pool for long-lasting residence.
About Camposol and the local area
Camposol is a big residential development within the Murcia region of Spain. A ten minute drive form Mazarron and its pleasing coastline, Camposol is within a rural area. There are over 5000 homes here, many owner occupied and many holiday properties. The development has nearly 3500 constant residents. As such a feeling of community has developed, with a lot of social and leisure opportunities available. There are also several amenities on site, as well as shops, restaurants, a medical centre and banks.
The local area has a lot to offer with nearby towns offering attractive shopping and culture, and there are many gorgeous beaches just a short drive away.
Is now the correct time to buy?
Analysis of the Spanish property
market indicates that property prices may have bottomed out. 2013 so far appears to show sales
picking up and prices slowly increasing again. All the same, it's still extremely good value, with prices starting at almost 34,000 euros for a 2 bedroom Camposol property.
Acquiring a Camposol property
Planning controls in the Murcia region mean that there is no danger of the vicinity becoming over developed as few areas of the Spanish coastline have been. As a result the region is popular with Spaniards and ex-pats alike for second homes, holiday homes and permanent residences.
When acquiring a property here, there are two essential choices. The first is to buy off plan. The benefits of this are that payment can be staged, making it easier financially, and you can also be involved in choices regarding the finish of your home. The second option
is to buy a resale property. Camposol property has much to offer, with properties to suit all requirements, from low maintenance terraced apartments, to large villas with private pools.
When buying in Spain you will need a lawyer to make clear all legal checks are completed correctly. A purchase contract lays out the terms as well as agreed price and deposit, the completion date and a declaration from both the buyer and seller that they are legally able to fulfill the transaction. Completion is carried out at a notary's office, where signing of the deeds takes place and the balance of
payment is made.
So if you're looking for a holiday home or new lifestyle, Camposol property is worth considering. There's an thorough choice of properties available, at really low prices. The Murcia region has so much to offer in terms of atmosphere, surroundings and civilization. Add to this the arrival of a new international airport to serve the region and a new theme park due to open in 2015, then
investment now could be a wise move.
Back in January, Murcia-based estate agent Mercers boldly announced a projected 25% increase in house sales for 2013 over 2012. With Q1exhibiting exactly that, up twenty five per cent for the initial three months of 2013 as compared to 2012, the prediction is on track to becoming reality.
Chris Mercer, Director of Mercers, says, "I can't establish precisely why our sales are up so much, but momentum is undoubtedly
beginning to build. It can't be caused by an end-of-year rush before VAT on new builds went up from 4% to 10% on 1 January, as all of our transactions have been resales. On top of that, enquiries have not accelerated at the same level but those we have are more serious, have the money ready and are sensible enough to understand that the window of opportunity on a serious Spanish property discount won't be open forever. Lastly, compare Q1 2013 with Q1 2011, and Mercers' business is up close to 65%, quite some margin. Needless to say we're revelling in the positivity."
The Mercers trend is replicating the Murcia market. Information from the National Institute of Statistics (INE) clearly show sales of Murcian real estate were up 24.1% in February 2013 across the same month the year before, with 1,169 deals settled. This is above the national figure of 17.3%. Foreigners are certainly in part critical to keeping the Spanish property market functioning.
Chris goes on, "Prices are currently really low and, in our area, we are experiencing reductions of 40% to 55% from the peak. This is turning the heads of foreign buyers. According to the Banco de Espa?a, 2012 revealed the highest degree of investment in Spanish property by verseas buyers in 8 years, up 17% on 2011. This is good news as interest is still low on the domestic front as Spain deals with high joblessness and an on-going reluctance to lend by finance institutions. For Mercers, Belgian, French, Norwegian, Swedish and more recently Uk customers have dominated over the last year - with some renewed interest from Germans and Dutch. Without them, Spain's property market would be in a far sadder condition."
The overall picture from Spain may very well be a lot more cheery than it has been for a few years. The bad bank (SAREB) indicates it hopes to sell close to 42,500 housing units, about 50 % of its portfolio, over the next 5 years so as to help make a "floor" and restart a wide recovery in the Spanish housing sector. At the same time the Economy Minister, Luis de Guindos, was a short time ago quoted as stating that growth could very well return to the country as early as the end of 2013.
Available on the market
Ref NED99 - Neptuno Villa, Camposol Golf, Mazarron, Murcia
One of the best 3 bedroom 3 bathroom Neptuno style villas on Camposol Golf - immaculately looked after, on a large 647m? plot and with lots of extras.
At ground floor you will find a living room with fireplace, dining room, kitchen fully fitted with white goods, main bedroom with en-suite bathroom and a second bedroom with further shower room. Accessed by means of internal stairs, the 3rd bedroom is on the first floor and possesses an en-suite bathroom and French doors to a rooftop solarium with spectacular mountain scenery.
Outside the plot is divided into a swimming pool area and a garden area. The former is completely tiled, has a good amount of sunlounger
space and the 9m by 4m pool has an outdoor shower alongside. The garden is low upkeep with fully developed trees set in gravel on an automatic irrigation system. A conservatory in front of the house is ideal for taking in ample winter sun whilst a considerable underbuild can be used for storage. There is a barbecue area outside, plus front and rear access and a tiled driveway.
The property comes fully equipped, has air conditioning, a solar-powered hot water heating system, security grills at all windows, internet connection and satellite television. Camposol Golf has an 18-hole course, 4 star Spa hotel and several shops, bars and restaurants on site including an opticians, veterinarians, healthcare centre, hairstylists and a weekly market. The blue flag beaches and marina of Mazarron are inside a fifteen minute drive.
Three Bedrooms, Three Bathrooms
Price - 185,000 euros (approx 159,400 GBP)
Contact Mercers Costa Calida on 00 34 968 199 188 , UK Local
Rate 0845 017 7805 , email sales@spanishproperty.co.uk or visit
www.spanishproperty.co.uk
Murcia Property
Back in January, Murcia-based estate agent Mercers boldly announced a projected 25% increase in house sales for 2013 over 2012. With Q1
exhibiting exactly that, up twenty five per cent for the initial three months of 2013 as compared to 2012, the prediction is on track to becoming reality.
Chris Mercer, Director of Mercers, says, "I can't establish precisely why our sales are up so much, but momentum is undoubtedly
beginning to build. It can't be caused by an end-of-year rush before VAT on new builds went up from 4% to 10% on 1 January, as all of our transactions have been resales. On top of that, enquiries have not accelerated at the same level but those we have are more serious, have the money ready and are sensible enough to understand that the window of opportunity on a serious Spanish property discount won't be open forever. Lastly, compare Q1 2013 with Q1 2011, and Mercers' business is up close to 65%, quite some margin. Needless to say we're revelling in the positivity."
The Mercers trend is replicating the Murcia market. Information from the National Institute of Statistics (INE) clearly show sales of Murcian real estate were up 24.1% in February 2013 across the same month the year before, with 1,169 deals settled. This is above the national figure of 17.3%. Foreigners are certainly in part critical to keeping the Spanish property market functioning.
Chris goes on, "Prices are currently really low and, in our area, we are experiencing reductions of 40% to 55% from the peak. This is turning the heads of foreign buyers. According to the Banco de Espa?a, 2012 revealed the highest degree of investment in Spanish property by verseas buyers in 8 years, up 17% on 2011. This is good news as interest is still low on the domestic front as Spain deals with high joblessness and an on-going reluctance to lend by finance institutions. For Mercers, Belgian, French, Norwegian, Swedish and more recently Uk customers have dominated over the last year - with some renewed interest from Germans and Dutch. Without them, Spain's property market would be in a far sadder condition."
The overall picture from Spain may very well be a lot more cheery than it has been for a few years. The bad bank (SAREB) indicates it hopes to sell close to 42,500 housing units, about 50 % of its portfolio, over the next 5 years so as to help make a "floor" and restart a wide recovery in the Spanish housing sector. At the same time the Economy Minister, Luis de Guindos, was a short time ago quoted as stating that growth could very well return to the country as early as the end of 2013.
Available on the market
Ref NED99 - Neptuno Villa, Camposol Golf, Mazarron, Murcia
One of the best 3 bedroom 3 bathroom Neptuno style villas on Camposol Golf - immaculately looked after, on a large 647m? plot and with lots of extras.
At ground floor you will find a living room with fireplace, dining room, kitchen fully fitted with white goods, main bedroom with en-suite bathroom and a second bedroom with further shower room. Accessed by means of internal stairs, the 3rd bedroom is on the first floor and possesses an en-suite bathroom and French doors to a rooftop solarium with spectacular mountain scenery.
Outside the plot is divided into a swimming pool area and a garden area. The former is completely tiled, has a good amount of sunlounger
space and the 9m by 4m pool has an outdoor shower alongside. The garden is low upkeep with fully developed trees set in gravel on an automatic irrigation system. A conservatory in front of the house is ideal for taking in ample winter sun whilst a considerable underbuild can be used for storage. There is a barbecue area outside, plus front and rear access and a tiled driveway.
The property comes fully equipped, has air conditioning, a solar-powered hot water heating system, security grills at all windows, internet connection and satellite television. Camposol Golf has an 18-hole course, 4 star Spa hotel and several shops, bars and restaurants on site including an opticians, veterinarians, healthcare centre, hairstylists and a weekly market. The blue flag beaches and marina of Mazarron are inside a fifteen minute drive.
Three Bedrooms, Three Bathrooms
Price - 185,000 euros (approx 159,400 GBP)
Contact Mercers Costa Calida on 00 34 968 199 188, UK Local
Rate 0845 017 7805, email sales@spanishproperty.co.uk or visit
www.spanishproperty.co.uk
Paramount Murcia "The park will be launched in 2015. "
Wednesday, March 13th, 2013
Paramount Murcia Entrance
Paramount Park information continues this week as the
Minister of Tourism and Culture, Pedro Alberto Cruz, expressed yesterday during
the presentation of the Easter Mining Union, the posterity of the Paramount
park "I speak with full knowledge of what I say."
He acknowledged that the first step of erection was
postponed by two months, which was due to the authorization of the City Council
special plan Alhama. "In about two weeks, work will start." when asked about
funding, Cruz said that both the leaders of Paramount as the local supporter,
with who I meet weekly, are calm, "Jesus Samper has several alternatives for
raising the necessary funds."
Those accountable for the multinational park are committed
to the advancement of the project in Alhama, "The park will be launched in
2015. "
It seems the first step of this project becoming actuality
is just around the corner, literally.
Paramount Theme Park Murcia Spain.
The exciting erection in Alhama de Murcia Spain could be
only 2 years away with the construction of a Theme Park by Paramount to rival
Disney in Paris. The first was stone laid on May 31 2012, ground was broken for
the planned Paramount Theme Park and Lifestyle Centre.
The Theme Park will be built on land North West of Cartagena
only 25 miles from San Javier Airport. The correct specifics of the Paramount
Theme Park have yet to be issued but one thing is for clear it will be a big
development. It will profit the local economy; estimates are that it will
create almost 20,000 jobs for the locals. Up to 15000 rooms will be required to
cater for the holiday makers. Not only will Paramount Pictures make a theme
park but they will also gather all European film production at the park.
Current estimates are that it will attract an envisioned 3 million extra
visitors to the region a year. If all goes to plan it will be available in
2015.
Why is the Murcia region such a good place to holiday. One
of the big attractions is lots of sun, appealing sandy beaches in easy reach,
affordable apartment and great transport links. You can centre your holiday on
the beach with miles of BLUE Star beaches on the Mar Menor at Lo Pagan,
Santiago dela Ribera, Los Alcazares and at most 25 minutes away from the
Paramount Park or inside just 45 minutes you have all of the amazing beaches at
Campoamour, Cabo Roig, La Zenia, Playa Flamenca, Punta Prima, Torrevieja, La
Mata, Guardamar and La Marina.
Recruitment will begin towards late 2013 for the senior
management of the facilities, then into 2014 for the staff that will be conducting
at the facilities on a daily basis, with a first concern being given to the
residents of Murcia and Alhama. Recruitment is likely to begin via the
internet, as well as a intent built office on the site, as interest is
predicted to be broad.
The value of property inside the area is expected to start
to creep up once the first stone is put in place, meaning that there is just a
small window of time left to snap up a bargain property in what will evolve
into one of the bulkiest and most attractive tourism and investment areas in
the whole of Spain.
For those who love their golf, just slightly inland, but
still in easy access to the beaches and Paramount, are places like Los
Alcazares golf, Roda golf, Las Ramblas golf, Campoamor golf, Villamartin golf
and La Marquesa golf which is part of the exclusive Ciudad Quesada and many,
many more all just minutes away from our office in Benimar and our office in La
Siesta, El Chaparral and San Luis so if you are considering obtaining a
property in Spain, because of their prospect rental and growth, the investment
potential here, due their proximity to the beaches the golf and the new
Paramount Theme Park makes these properties marvelous value for money.
Spanish property looks for strong 2013 - 2 January 2013
As the international property world prepares itself for the new year in 2013, Spain is wanting attraction from new international markets and recovered enthusiasm from typical buyer locations will make for a good year, pressing on from a good end to 2012.
Agents, builders and property consultants feel interest in both the top and lower ends of the market is up, with cash buyers in an specially strong place, while international buyers and those from outside the EU may find proposed new legislation to grant residency to everyone buying a property for more than €160,000 particularly desirable.
Chris Mercer, manager of Murcia based Mercers, told PropertyWire that foreign purchasers have tended to dominate the market in 2012, mainly Belgian, French, Norwegian, Swedish, and a wanted resurgence of extra British buyers over the last 3 months. Mercer is also seeing some more interest from Germans and Dutch.
Marbella centered Spanish Hot Properties is also expected property sales to elevate in 2013. Director Nick Stuart stated that sales and turnover were up approximately 25% on 2011 and he predicts a rise of 50% in turnover for 2013 over 2012.
He's anticipating a major boost in sales to Norwegians and Swiss because of their currency being outside of the Eurozone, one more reason that buyers from Asia and Russia shall be interested in Spanish property. The Belgians, Dutch, Russians and Scandinavians currently regard Spanish properties as being great value for money.
In his own region, Stuart said British buyers should likewise start to see the pure value in property prices. “Genuinely many properties are half price, and I don’t think the Brits quite realize that. They would always rule the market, making 60 to 70% of foreign purchases, but were responsible for just 19% in 2011. Meanwhile purchases by Russians leaped pretty much 28% from 2010 to 2011 and Chinese purchases by 7%. Let’s hope the British purchasing public wakes up and comes back to Marbella,’ he added.
looks set to be a really good year for Spanish property.
2013
Latest reports summarising real estate sales and local rental data from government and independent origins, reveal that the second half of 2012 saw a rise in worldwide clients looking to snap up good value property stock. And there are several reasons why now is the right time..
Due to the mild weather conditions, over three hundred days of sunshine per year on the Mediterranean coast and abundant cultural history, the tourist market is still robust in Spain, having a reported 52 million visitors between January and October 2012. This robust tourist sector is helping to support the Spanish property market, with a lot of people still looking to buy there. The Brits lead the way with 30 per cent of the international market share, but Russian, Scandinavian and Benelux customers are also substantial investors. Sales at the tail end of 2012 were up substantially on the preceding year. As an example, on the Costa del Sol Taylor Wimpey de Espana recorded a fifty-two % increase as compared to the first 9 months of 2011.
This is assumed partially to be linked to Uk clients who have taken advantage of the strength of the pound over the Euro. But additionally, the Spanish government has introduced quite a few strategies designed to make acquiring rental property in the country more desirable to foreign landlords. Notably, a tax relief initiative, where by landlords will receive all of the rental earnings they generate from their investment portfolios. There have also been proposals by the Spanish government to give residency rights to non-EU clients who spend more than 160,000 euros, which it is presumed will be favourable for the sector if it goes through in 2013. The Spanish government is in addition encouraging new landlords to Spain by modifying the laws in favour of property owners so it will be more attractive to buy properties and to rent them out by offering more powers to landlords. All these actions are believed to be having a positive influence on the Spanish property market.
Importantly, properties are inexpensive, in actual fact cheaper than they have been since 2002. The price of Spanish property is very low compared to costs throughout Europe. You can get yourself a flat for under 50,000 euros and a villa cheaper than 100,000. Plus your cash goes further; the cost of living remains lower in comparison to Britain.
An additional factor is that it's getting that much easier to go between the United kingdom and Spain. With air travel times at 2 - 3 hours and many providers delivering bargain deals, getting there has always been fairly easy and affordable. But now new flights are available which includes new British Airways routes to Alicante, Barcelona, Palma and the Canaries and Monarch are now operating from East Midlands Airport.
Spain has long been a mecca for Uk visitors and those in search of a sunnier and more stress-free life style overseas, and it seems now may be the perfect time to make the move, or perhaps an investment in property market.
Spanish Estate Agent Mercers Continues Award-Winning Streakwww.spanishproperty.co.uk/
Rock-bottom property prices and political unrest in comparable location spots in North Africa are drawing additional international buyers to Spain, according to one realtor within the Murcia region. Property firm Mercers expected a 25% year-on-year jump in sales in January and the 2013 sales regional record proves out the prognostication. Enquiries haven't improved, but experts say the significance of them have and more leads are generating sales. Meanwhile, Spain’s Economy Minister declared he believes growth could return to the market as early as this year.
Sales momentum is building in most parts of Spain with one well-established agency reporting transaction activity up 25% in the first three months of 2013 in contrast to a year ago.
In January, Murcia centered estate agent Mercers envisioned 25% surge in house sales for 2013 over 2012 and the data now back this up.
‘I can’t determine precisely why our sales are up so much, but momentum is unquestionably beginning to build. It can’t be attributed to an end of year rush before VAT on new builds went up from 4% to 10% on 1 January, as all of our transactions are actually resales,’ said director Chris Mercer.
Furthermore, enquiries haven't increased at the same level nevertheless those we have are more serious, have the funds in position and are sensible enough to know that the window of opportunity on a significant Spanish property bargain won't be open forever,’ he explained. He added that assessing a slightly longer time business is up practically 65% compared with the very first quarter of 2011.
The Mercers trend is mirrored overall within the Murcia market. Figures from the National Institute of Statistics (INE) display sales of Murcian property were up 24.1% in February 2013 over the same month the year before, with 1,169 dealings accomplished. This is over the national figure of 17.3%.
Agents feel that foreigners are certainly partly responsible for keeping the Spanish property market going. ‘Prices at the moment are very low and, in our area, we are looking at reductions of 40% to 55% from the peak. This is certainly turning the heads of international buyers,’ said Mercer.
According to the Banco de España, 2012 showed the greatest amount of purchase of Spanish property by international buyers in eight years, up 17% on 2011. This is at a time when requirement continues to be weak on the domestic front as Spain tackles high unemployment and an ongoing desire not to lend by financial institutions.
The figures reveal that foreign buyers spent €5.54 billion on Spanish property in 2012, up from €4.7 billion in 2011, and a 52% increase on the €3.6 million of 2009.
A break down from the figures reveal that property is increasingly becoming popular as overseas purchasers bought €1.8 million worth of property in the last quarter of the year, a 56% in on the same period in 2011 and up 92% in the final quarter of 2010.
For Mercers, Belgian, French, Norwegian, Swedish and more recently British buyers have dominated over the last year with some renewed interest from Germans and Dutch.
The overall picture from Spain is probably more cheery than it has been for some time. The bad bank (SAREB) has said that it hopes to sell almost 42,500 housing units, about half its portfolio, within the next five-years in order to help provide a ‘floor and launch a broad recovery in the Spanish housing market.
‘Foreign demand has been rising as a result of lower Spanish property prices and political unrest in competitor locations in North Africa, making Spain seem like a safe bet,’ said Mark Stucklin of Spanish Property Insight.
The official Spanish House Price Index from the Department of Housing fell by 10% in 2012, the very first time since records began that Spanish property prices have gone down by double digits in nominal terms, based on the Department of Housing.
Meanwhile the Economy Minister, Luis de Guindos, was just recently quoted as saying that growth could come back to the country as early as the end of 2013.
A lovely home in great condition to include a spacious lounge, dining area, kitchen fully fitted with white goods, two bedrooms with fitted wardrobes and a family bathroom. The property advantages from air conditioning, fans, fly screens and security grills. Beautiful views of the mountains and countryside from the rooftop solarium.
Spanish Estate Agent Mercers Continues Award-Winning Streak

Chris Mercer, Director from the Murcia-based estate agents, comments, “An Award judged by one’s peers is an honour to acquire and formal recognition of the difficult work and struggle that goes in to our day-to-day business. I’ve already been retailing Spanish property for twenty-eight years and even though it’s not unusual or tricky, it’s the way we handle it at Mercers which establishes us independent of the bunch. We consistently treat our customers with the greatest respect as well as professionalism and the result is that a great amount of our sales occur through referrals. This is confirmation that great typical values and ethics are alive and well in the world of Spanish estate agency.”
Chris goes on, “We’re not even close to becoming a ‘big agency’ however we're nonetheless reaching record sales in the toughest economic depression since the Great Depression. Not content with merely making it through, we’re instead reaching for more and consistently reinvesting back into the Business. An market Award coming from a leading organisation such as OPP will certainly fortify Mercers’ standing with this competitive but interesting marketplace.”
Placed on the paired Property Investor Show and OPP Live 2010 in London’s ExCel, the actual ceremony on 15th October had been well attended by primary business experts coming from across the world. OPP is known to be the world’s number 1 forum for property industry experts and the Awards have great position in the industry. The scheme includes almost all areas of the industry from builders to lawyers, foreign exchange organizations to estate agents and its principle focus is to reward and recognise superiority. Judges compliment organizations as well as individuals who work flat out to provide high-quality products and services and a win motivates assurance both internally and externally to the business. All award entries are carefully checked out by a table of experienced judges, all of whom are acknowledged market leaders in the market.
To find out more, visit spanishproperty.co.uk.