Ideal time to invest in property abroad
BROADS Property Services is now offering property sales in Spain. So if owning your own little place in the sun has always been a goal in life... there’s no better time than now to investigate further.
Whether you’re looking for an easily accessible holiday retreat, a retirement home or simply an investment opportunity, the time and the climate (in more ways than one!) couldn’t be better. The southern Costa Blanca is one of the two main locations in Spain for international property buyers with the Orihuela Costa, centred around Torrevieja, being one of the most popular areas.
Recovery is steadily growing after the recession which descended out of the blue some eight years ago, but it’s very much still a buyer’s market on the Spanish coast with resales starting at £38,000 and key-ready new builds from £77,000. There is also still a varied selection of bank repossessions which are typically available, some with 100% mortgages, at around 25% less than market value. Legal costs and taxes will generally total around 14% on all properties.
The pulling power of this area, for holiday makers, retirees and all visitors alike, lies simply in the following – easily accessible on the modern Spanish motorway system or by Murcia and Alicante international airports which are used by budget airlines.
There are numerous immaculate, white sandy beaches, 15 gorgeous golf courses within a half hour drive, quality bars and restaurants and one of the largest ex-pat British communities in Spain.
The largest shopping mall in the Alicante region, Zenia Boulevard, has recently opened to rave reviews with its 150 high street brands in the heart of the area. Other family entertainment locally includes go-karting, horse-riding, water parks, paint-balling, crown and ten pin bowling, fairgrounds, water-sports, theatres and both indoor and outdoor cinemas.
If all that is not enough don’t forget the 300 days of sunshine every year and the area being described by the World Health Organisation as one of the healthiest places in Europe to live.
Many UK buyers are currently taking advantage of earning far better returns than available elsewhere by buying a place and renting it out. Depending on a variety of factors it is very easy to attain between 4% and 10% on rental yields using one of the many reputable property management companies operating locally.
For more details please call Broads on 020 8561 9838 or take a look at properties for sale on the website: www.broads-online.com