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Those buyers looking for a beachside bargain property in Southern Spain may be in luck this week.
The developers of the elegant Senorio de Punta Prima, a range of apartments and penthouses on the beachside between Alicante and the Mar Menor, have announced big price reductions on remaining key-ready 2 bed units.
This project is located in Punta Prima, and is close to several nearby coastal resorts such as La Zenia, Playa Flamenca and Cabo Roig. There are several golf courses within a 10 minute drive, while 2 international airports are also within easy reach. Continue reading »
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For those buyers seeking a bargain property within one of the Polaris World golf resorts in Murcia, then now may be a great time to pick up a good deal.
Polaris World is one of Spain´s leading property developers, currently responsible for the construction of several golf and leisure resorts in south eastern Spain. Each of the resorts features a Jack Nicklaus designed golf course, shops, bars, restaurants, social club or luxury hotel, spa and 24 hour security. Discounted golf is available for owners and tenants, allowing access to the facilities and golf courses of the neighbouring Polaris World resorts.
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Sterling has weakened alarmingly over the last 12 months. From its near-peak of 1.45 euros in summer 2007, the rate is now nearer to 1.18 euros. This effectively means that property in Spain is now almost 20% more expensive that it was just a year ago.
The problems with sterling have undoubtedly contributed to the worsening Spanish property market, particularly when you consider that British buyers make up by far the largest single group of overseas buyers. There are simply fewer British buyers now in the market for Spanish property, reluctant to secure an asset that would have been 20% cheaper a year ago.
The current situation is proving frustrating for a lot of prospective purchasers, all keen to bag a bargain property in Spain as the prices have tumbled, yet still reluctant to buy a euro asset with their weak sterling.
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