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Savills: Spanish Real Estate - Now is the Time to Buy According to Savills Select Resorts

 

With prices back to 2005 levels, prime locations are selling out quickly within the latest real estate developments in Spain.

Savills Select Resorts have been observing the trends in the Spanish Property market, looking closely at stunning properties in luxury, secluded developments that are being snapped up by positive investors. In response to the growing demand for Spanish Property Savills Select Resorts are hosting a number of informal Spanish Property Exhibitions for those interested in buying Spanish Property. The events are taking place in Savills offices in Sloane Street London and in Reigate in the coming weeks before further events are planned in Bournemouth and other Savills Offices.

Exquisite Spanish homes that were unaffordable less than a year ago are now being snapped up by canny investors and lifestyle buyers taking advantage of the lower prices and massive reductions being offered by developers.

Buyers and investors can access heavily discounted properties in this property hot spot after a long period of painful price adjustments that limited the opportunities for luxury lifestyles and financial security.

Destinations and developers are not resting on their laurels either with price reductions being matched by attractive terms and financing options. These efforts are helping to spur renewed interest in high end Spanish Property.

Savills Select Resorts identify the new development at La Floresta de la Mairena, a new €8.5 million luxury development on the Costa del Sol as an example of an increasingly popular off-plan choice. The project is the first new development to break ground in Marbella for over three years and reflects growing the increasing demand for premium property with attractive benefits and features throughout Spain.

La Floresta de la Mairena

To further add to appeal, the view from La Floresta provides one of the most striking panoramas in the Mediterranean that will remain permanently unobstructed.

Victor Sague, Sales and Marketing Director of Taylor Wimpey Espana is confident of significant interest in La Floresta from the UK market and stated:

“Anyone who visits La Floresta and experiences the ambience and the breathtaking views cannot fail to see that this will be one of the most sought after locations in the whole of the Costa del Sol.”

For UK residents in particular Marbella continues to hold a very special attraction with La Floresta being only seven kilometers from the town centre and the beaches plus having El Soto Golf Club on the doorstep.

  • Launch prices - 2 bedrooms from €178,000 and 3 bedroom penthouses from €270,000
  • Apartments set in beautiful tranquil surrounds with stunning sea and forest views
  • Low density - 2 or 3 storeys in height
  • Free use of 9 hole/par 3 golf course. Range of 18 hole golf courses nearby
  • Clubhouse with gym, sauna, restaurant
  • Communal pools, gardens, outdoor parking and lifts
  • 7 Km Nikki and Elviria beaches, just east of Marbella
  • UNESCO natural biosphere reserve area.
  • Completion Autumn 2011
  • Unique payment terms with interest paid on payments made prior to 20th June
  • All payments secured by bank guarantee
  • Personalised Mortgages available through SOLBANK

More Spanish Real Estate hot spot opportunities include:

  • Los Altos del Golfis located at the heart of the Golf de Andratx, a leading priced development in one of the most exclusive places in Mallorca. (from €325,000)
  • El Puerto II is a complex located in the popular tourist centre of Cala D’Or, perfectly positioned by the marina. (from €195,000)

Spanish Property Open Events

Wednesday 10th March
Savills, 39 Sloane Street, London SW1X 9AY
5pm – 8pm

Saturday 13th March
Savills, 45 Church Street, Reigate RH2 OAD
10am – 4pm

Draw for 7 night’s hotel accommodation for attendees


 


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