Despite growing concerns in the UK housing market, the ongoing
credit crunch and the perceived pending recession, investors should
be careful not to associate the UK and America’s shortcomings with
that of the rest of the world.
Mark Bingham Managing Director of Owner Invest said, “Spain in
particular, has been dragged into the fray as a result of recent bad
press about isolated cases of land grab and has undoubtedly been hit
hard by the lack of UK buyers at a time when many are curbing their
spending. Spain unlike the UK and USA has a silver lining though, as
many Spanish nationals have not spent excessively. Therefore experts
predict that the property market will recover quickly and the
levelling off of the currently high Euro will be instrumental.
One must also consider the rental market. Differing from the UK,
rental is a popular way of living in Spain and as such there is
still a huge demand, a demand which is likely to grow in the short
term and one which will keep the
Spanish property market buoyant. However, Spain does have one
thing in common with the UK, it is a ‘buyers’ market and currently
there are bargains to be had. Those investing now in a flat market
are assured of lower entry costs, coupled with the burgeoning rental
market. These two factors plus analysts predictions that the Spanish
slump is temporary make this an exciting market to be investing in.”
Owner Invest are currently marketing Marbella Royal suites in
Marbella, on the doorstep of El Paraiso Golf Course and just 10
minutes from the Mediterranean Sea. This exclusive development
brings to the market a selection of ‘turnkey’ one, two and three
bedroom apartments. With the emphasis on the luxury market, Royal
Marbella Suites affords many facilities, but perhaps its biggest
benefit is that Banesto, Spain’s third largest bank is offering 100%
mortgages. This makes this development unique especially at a time
when banks are limiting their lending. This five star investment
opportunity is currently 30% below the official bank valuation with
an anticipated R.O.I of at least 12%. Via a 7 year leaseback scheme,
owners will earn 50% (anticipated £10k per annum) of ‘pooled’ income
generated by the suites and enjoy up to 56 days personal usage each
year for no additional cost.
Prices at Marbella
Royal Suites start from just £99,000 and over 80% of the
development is now sold out.
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