Property Finder Online

Distressed property sales

noreply@blogger.com (Property Finder Online) — Tue, 15 Jul 2008 11:18:00 +0000

It’s a buyers market in Spain, with a glut of investors and speculators desperate to sell – some prices are dropping so now is the time to grab a bargain…

Since 2002, the Spanish property market has been booming with professional off plan investors and enthusiastic amateur speculators buying up thousands of off-plan and re-sale property in any location. These investments offered a get rich quick, risk free, high return and many people have made a lot of money. However, due to the current global situation with increased fuel prices, the sub prime mortgage crisis and credit crunch, the market has temporarily slowed down, which has left many investors and speculators desperate to sell at reduced prices.

Experts predict that the property market is currently going through a period of adjustment and prices will inevitably rise again in the future. A distressed property market always breeds a new kind of investor.

It is important to note, however, that not all properties are being heavily reduced in price as it purely depends on the vendor’s personal circumstances. Demand for exclusive properties in sought after locations and on developments with added facilities will always remain high.

If you are in the market for a holiday home or permanent residence here in the Spain, now is the time to grab that bargain.

We have property from sellers who have stretched their finances too far to be able to complete on a property sale through to clients that have a change in personal circumstances and require a quick sale to return to their home country.

In every circumstance, our aim is to create a win/win situation where the seller gets a quick sale and the buyer acquires a property at prices much lower than the market value.

Remember....Spain still is and will always remain a favourite place to live and visit, so buying here still makes a lot of sense.

The fact that the long term fundamentals of the Spanish market are strong makes buying in Spain at the moment a very attractive proposition. This combines well with the continuous rental demand by holidaymakers, helping investors get more out of their properties than in other places offering cheap deals.

Sellers, it´s a tough market but there are buyers looking to cash in on genuine bargains, if you need a sale, contact us to list your property.

For further informatain visit www.distressedpropertymarket.com to find out more!!

Andalucia Property Market Summary

noreply@blogger.com (Property Finder Online) — Mon, 23 Jun 2008 11:26:00 +0000

Although the 4th quarter figures are still to be published, comparing 3rd quarter 2007 with the same period in 2006 shows that across Andalucía property prices rose 6.7% on average, against a national average of 5.3%.

Within Andalucía, the best growth was in the province of Granada, at 9.7%, the worst Málaga, with 4.2%.

But, for several reasons, official figures in Spain can be somewhat inaccurate and are best seen as indicators of trends; all the indications are that property price inflation is slowing, although not necessarily as the same rate across all sectors of the market.

For example, while I would expect to negotiate ±25% off asking prices on the coasts of Andalucía, I might only manage 10% in the centre of Seville and even less in some of the prime country areas where demand for certain types of property may still outstrip supply.

In a country as large and diverse as Spain national averages ignore big regional variations and it is no different at the provincial level.

Andalucía is Spain’s largest autonomous region, covering nearly 20% of the Spanish mainland and is bigger, in fact, than several E.U. countries. So it should come as no surprise to find differences in the property markets in the eight provinces that make up Andalucía, ranging as they do from the affluent coasts of Málaga province to the less well-off rural interiors of Jaén and Huelva.
In effect, there a several property markets across the region and it makes more sense, therefore, to look at the different sectors separately.

Mark Stucklin (Spanish Property Insight)

Distressed property - its a realty!

noreply@blogger.com (Property Finder Online) — Thu, 19 Jun 2008 11:17:00 +0000

Distressed properties in Spain are the result of recent changes in the local regulations and tax adjustment, forcing foreign investors to leave them off-plan due to improper funding or inability to afford adjustments in mortgage payments.

According to the Spanish real estate market, a large percentage of real estate investors are British and a large number of them have sold their properties at very reduced price. This situation has led to increasing distressed property sales in Spain that benefit new investors.
Therefore, repossession also affects local investors and the process is quite different in comparison to other countries.

In Spain, the failure to repay a mortgage is directly dealt with the Banks, which are the common lenders. Once a distressed property falls into repossession, it is sold to the first bidder and that enables true bargain prices for buyers and big loses for the original owners.

Even though, the nature of distressed property sales in Spain is to get rid of a property quickly before repossession occurs. In some other cases, investors put a deposit down on ongoing real estate projects with the hopes of selling these properties before the project is complete.

However, unfinished properties are not easy to sell, and a new distressed property is sold every day for a fraction of the cost to allow the owner to move in a new direction.

Distressed properties in Spain are a good option for investors with previous experience in the housing market or those who want to invest in real estate with limited capital. Even though the advice of a financial expert is always a big aid to help avoid a fall into costly mistakes with properties about to be repossessed, many people ignore this option.

While people keep experiencing financial difficulties to repay their mortgages, distressed properties are an option for overseas investment in Spain at very affordable prices.

Mark Stucklin (Spanish Property Insight)

Stagflation, what does it mean?

noreply@blogger.com (Property Finder Online) — Sun, 15 Jun 2008 11:01:00 +0000

(article from Kyero.com)

Every day you'll find one 'expert' predicting continuing doom and gloom in the Spanish property market - and another 'expert' presenting the other side of the case. This week's news stories are no exception.

Some of them are just marketing messages wrapped in a veneer of 'expert opinion' - but even real experts disagree about what's happening in Spain and around the world. Not to be left out, here's my 'expert' opinion - courtesy of an article I've been reading by a real expert - Nobel winning economist, Joseph E Stiglitz.

One aspect which economists haven't had much experience of is the increasing likelihood that economic trends will have global impact rather than stay within the relatively simple confines of a single country.

This is because of a number of factors - including currency competition, foreign investment and the increasing trend of 'developed' countries to import essentials such as food and oil. When a country can no longer control it's own inflation by manipulating pricing, it loses one of its basic tools of financial control.

That's certainly what's happening in the US now and it's something they haven't had to deal with for almost 40 years. In the 70's they experienced increasing prices (inflation) and increasing unemployment which reduced the volume of purchases (stagnation).

This was when the term Stagflation was first coined - and it's happening all over again. The difference this time is that what is happening in the US is also being experienced by many other countries. They also interact with each other as the balance of imports and exports fluctuates.

Spain's banking policies of not investing heavily in high-risk, mortgage-backed investments have spared it the worst of this aspect of the credit-crunch.

This is just as well, because Spain had its own crisis well under way before we first heard the terms sub-prime and credit-crunch from the US. In reality, the entire economy of Spain had been over-invested in it's housing market for far too long.

Despite continued warnings from the European Central Bank and the UN, Spain kept building more and more homes and prices kept increasing until there were more homes than buyers.
Just as this started to bite in Spain, the rest of the world was having its first taste of stagflation because of high-risk investments. Just as Spain needed more foreign investment to soak up the excess properties, those buyers suddenly retrenched to their own countries - further aggravating the situation in Spain.

Of course, I'm generalising - houses are still being bought and sold in Spain - by Spanish and foreign buyers, but the volume of transactions has decreased dramatically.
Even though the causes of stagflation in Spain are different than in the UK and US, the effects are the same - high prices, high inflation, high unemployment.

In the mid to long term, this cycle will reverse but it's worth remembering that governments in this situation can't use any of their normal tactics to control all three of these variables at the same time. They simply have to allow market forces to run the show for a while and hope they can ride the storm (before the next general election).

The only action they can take with relative impunity is to provide financial incentives to businesses to generate revenue. Unfortunately, the entrepreneurial urge is not one of Spain's traditional strengths.

If I were in Zapatero's shoes (pun intended), I'd make the Spanish property market the most transparent in Europe by:

Publishing accurate housing statistics and making them available to everyone for free. This would put an end to the senseless speculation that drove the market to unsustainable highs in the first place.

Passing laws to remove the uncertainty of 'illegal housing' and 'land grab' which are currently holding back potential buyers.

Increasing the stock of long term rental property by raising taxes on hundreds of thousands of second homes sitting empty.

I expect the property market in Spain to bottom-out towards the end of this year, perhaps early 2009. I say this because there are already signs of serious investors entering the market and buying up thousands of bargain properties. These investment-fund buyers know they're probably not buying at the very bottom of the market, but they are buying at a substantial discount over where prices are likely to settle.

My hope is that between now and the upturn, Spain will apply their common-sense banking practices to their housing market and make it the envy of Europe. In doing so, they'll not only provide Spain with a more viable economy but they'll export some of that much-needed stability to its trading partners around the world.

Martin Dell, Kyero.com

Distressed Property Market in Spain

noreply@blogger.com (Property Finder Online) — Mon, 02 Jun 2008 10:38:00 +0000

Distressed Property Market in Spain - It's a buyers' market on the Costa de Sol as there is currently a glut of properties that investors are desperate to sell. There are some real bargains out there, so its time to go bargain-hunting!

With this in mind, property finder have launched a new website highlighting some distressed property on the market. visit http://www.distressedpropertymarket.com/ to view a selection of repossession properties and property reduced for quick sale.

Now is the time to buy in Spain!

noreply@blogger.com (Property Finder Online) — Thu, 22 May 2008 10:07:00 +0000

A detached villa with stunning south facing views to the sea is currently available at an unbeatable price!! - now is the time to buy!

was €378,000 (bank valuation) - now just €260,000!!

Las mimosas is a development of 6 detached villas with private swimming pools boasting the most amazing views to the sea.

The villas are located in an elevated position above Torrox Costa and comprise 3 double bedrooms, 2 bathrooms, large lounge, kitchen and various terraces.

The properties have full bank guarantees, licences and all peperwork is in place. The villas will be finished in one year and will be built to a very high standard.

The villas have a bank valuation of 378,000€ and a mortgage available of 264,000€.
The last remaining villa has just come availble as the original buyer cannot complete.

Spanish Governments measures to stimulate the economy

noreply@blogger.com (Property Finder Online) — Mon, 21 Apr 2008 09:31:00 +0000

The Spanish Government has approved, in the cabinet meeting on Friday, 11 measures to stimulate the economy and make things easier for families facing financial difficulty in the current economic slowdown.

The measures include the ability for those in difficulty meeting mortgage payments to extend the loan at no cost.
A new plan to improve a return to the workplace for the unemployed.
New credit lines made available to those who want to purchase protected or subsidised housing.
It’s all part of the 10 billion € packaged announced earlier in the week designed to stimulate the stagnating economy.

The 11 measures are, in brief:
1: Help for families with mortgage payments by extending the loan at no extra cost.

2: Tax reductions, including the famous 400 € income tax rebate for all workers, pensioners and self-employed.

3: The cancellation of Patrimonio Tax, expected to cost the treasury 1.8 billion €. The measure back dated to Jan 1 this year.

4: Help in the re-location of the unemployed to find work. This plan has a budget of 21 million €.

5: Help for companies, with 2 billion in credit for Pyme small businesses.

6: VAT/IVA Payments – Companies can ask for VAT refunds monthly from 2009.

7: Assisted housing – new ICO credits of 5 billion, 2 more than previously planned.

8: Public works – new measures to speed up public works tenders and completion.

9: House construction – Plan to build 150,000 assisted or protected homes each year, and to promote energy efficiency in new buildings.

10: The renovation of old buildings – When the cost of renovation is more than 25% of the purchase price, tax breaks will be awarded including the return of VAT.

11: Foreign Investment – The Government will improve the investment conditions for non residents of Spain.

Medina Elvira Granada - Properties from €89,000!!!

noreply@blogger.com (Property Finder Online) — Fri, 04 Apr 2008 08:26:00 +0000

April sees the launch of the latest off plan development to be released within the Medina Elvira Golf and Country Club.

Groupo Balboa, the main developers of Medina Elvira, have announced plans to release the next phase of apartments to be built. Property Finder Online are proud and privillaged to be able to offer pre-release reservations from just €89,000.

The new phase will be called Altos de Elvira and will feature large communal gardens and a swimming pool. The plot is elevated and has stunning views over the fairway and to the Sierra Nevada. The design of the apartments will be modern and contempory with 1, 2 or 3 bedrooms.

Medina Elvira features an 18-hole Golf course with driving range and practice areas. The development is set in over 1 million square meters of natural surroundings, only 10 minutes from the city of Granada.
Within the complex there will be an International School, shopping center, Horse riding center and a 4-star luxury hotel. The club house will boast stunning views over the 18th hole and will feature a restaurant and bar area.

Most of the developments surrounding the golf course are well under way. The first phase, called medina 23, will be completed in 2008.
All of the projects within Medina Elvira are bespoke, the Fairways development features Penthouses and Garden apartments with Jacuzzi decks, luxry specifications and stunning views over the Golf course.
Tee-17 offers 1, 2 and 3 bedroom apartments facing the 17th fairway. This development boasts 3 communal swimming pools, a Gymnasium and Spa area.

Las villas de Medina Elvira is made up of luxury detached villas with private swimming pools located in an elevated position with breathtaking views. The villas feature full home automation to control lighting, window blinds alarm system etc etc.

Spanish Property Market is still afloat!

noreply@blogger.com (Property Finder Online) — Thu, 14 Feb 2008 11:42:00 +0000

Overseas property buyers are keeping the Spanish Property Market afloat. Numbers of investors are increasing and reports show the trend is not dieing.

Spain continues to top the list as Britain’s favourite holiday home investment destinations of 2007 according to the latest league table published by one of the leading Holiday Lettings companies.

This confirms that Spain’s appeal is intact, despite the appalling press and doom-mongering that surrounded its property prospects last year.

Additionally, the portal identified a shift away from the pure investment buyer towards what it describes as a ‘mixed use’ investor, that is, people looking to use their property and rent it out when they are not there.

Top 20 holiday home investment hotspots 2006 2007
1-Spain
2-France
3-England
4-Italy
5-Portugal
6-Cyprus
7-Canary Islands
8-Turkey
9-Balearic Islands
10-Florida
11-Bulgaria
12-Wales
13-Greece
14-Scotland
15-South Africa
16-Australia
17-Croatia
18-Switzerland
19-Ireland
20-Canada (up from 30th)

The Spanish Property Market

noreply@blogger.com (Property Finder Online) — Wed, 13 Feb 2008 10:56:00 +0000

The Spanish property market is made up of many different regional property markets and segments that are very different to each other.

A tiny "cheap" apartment on the Costa del Sol can not be compared with a large luxury villa in Marbella, and this type of apartment has even less in common with luxury villas in Mallorca, or traditional stone houses in Asturias.

They are worlds apart and in totally different markets, with different buyers, vendors, budgets, and supply / demand issues.

So when you hear negative stories and statements about the Spanish property market, they can be misleading. These reports don’t reflect the reality of different regions and segments, which move in different directions.

If you are looking to purchase in Spain, you need to do your homework about the different regions and areas available. It’s a good idea to identify your lifestyle and living requirements as the regions and areas vary greatly.

There may be a region or area that is reported as heading for a crash, but if you are looking to an area that is rising, the reports are not much use to you.

Its all about Location...

It is obviously a time of concern that large areas of the property market in Spain will drop in 2008, especially for holiday apartments on the coast that foreign purchasers look for.

Over the last decade there has been a massive amount of new build property in coastal areas that are coming up for completion. Wherever there are a large number of empty units, future planning approval will decline.

The interest rate will have an effect on the market. The rates are still rising and Spanish banks are nerveous about lending.

The real estate sector has changed the Spanish economy over the last few years, construction makes up a large percentage of it. The economy has relied heavily on construction, and with the economic situation as it is, the demand for most types of property will be effected in most areas, especially holiday homes on the coast.

Having said that, Spain is a massive country with very different markets. The markets differ so greatly that in some areas there will be a downturn, where others will be less effected.

2008 will see a massive amount of standard off-plan developments and properties coming through to completion in already established and built up holiday spots of the coast. Lots of these developments dont offer bespoke or exclusive features, such as Golf course, Sauna, Jacuzzi etc etc .

However, there are less of these properties and developments available in prime and key areas.

Where we will see a slow down in standard apartments, this will also effect more desirable developments in better location, but not as much and not for long.

Price is not always the concern for people looking to purchase a semi permanent or permanent home. Lifestlye and quality of life plays a massive part and a trouble free purchase may be more of a priority than the market value.

Spain is a great place to live and remains one of the top destinations for overseas property purchase given its distance and accessability from the UK and the stable politial situation.

2008 may prove the best time to buy with some cheaper property available on the market. But look at areas with infrastrucual enhancments and developments with quality finishes and facilities...

Spanish Property Prices

noreply@blogger.com (Property Finder Online) — Wed, 13 Feb 2008 10:46:00 +0000

The Spanish housing ministry has officially released figures showing that property prices in Spain rose by 4.8% in 2007, down from 9.6% in 2006. However, calculating for inflation, prices rose in real terms by 0.6% in 2007.

All the separate regions of Spain tell a different story.

The top performers:
Granada region 8.5%
Murcia region 8.1%

The lowest performers:
Madrid 1.8%
Alicante 3.3%

In the final quarter of 2007 prices fell in the following regions

Extremadura -0.3%
Castellon -0.9%
Cantabria -1.9%
Cordoba -1.9%

If the government’s figures are correct, then the Spanish property market is in for a soft landing rather than a heavy crash. Experts and the government anticipate that prices will converge on the general inflation rate and allow housing affordability to return to normal levels over a period of years.

According to Kyero who are a leading property portal that publish a price index, asking prices fell by 2% in 2007. In real terms that’s an average of 245,000€.

An average 2 bed property fell by 8.3% to 245,000€
Average 4 bed properties rose by 3.8% to 357,000€
5 bed properties rose on average by 4.8% to 440,000€

Kyeros figures suggest that detached properties are holding their prices much better than apartments.

Spain is still a great place to invest or purchase, but make sure you buy the right property in the right place.

Land grabs and villas demolished in Spain

noreply@blogger.com (Property Finder Online) — Wed, 13 Feb 2008 09:41:00 +0000

Land Grabs and Villas Demolished

If you are a potential overseas property purchaser, you may be concerned or put off by the recent reports of land grabs and villas being pulled down in Spain.

Its not all bad news!!! If you are armed with the right information and the right advisors on your side, Spain still remains a safe and secure place to purchase or invest.

Most people have heard the case of the retired couple Len and Helen Prior, whose Villa was demolished in Vera, Almeria at the begining of January. This sistuation has sent a chilling message to ALL property owners in Spain. Land that the Junta de Andalucia regard as green belt, in some cases, is being returned to nature.

This horrific experience for the couple has obviously been heavily publicised by the UK and Spanish media. Some say the Junta de Andalucia did not respect basic human rights.

For people with the mind set of “we’ll be ok, we bought in good faith”.... it seems that this no longer applies.

This is not the first time the Junta de Andalucia have pulled property down. Last year they orded the removal of 5 villas in Cordoba, one of which was someones permanent residence.

The Spanish Govenment are obvioulsy cracking down on illegally built properties.

The message is clear, if you are looking for property in Spain make sure you use a local Spanish lawyer and if there is any question over the title of the property you intend on purchasing, think first before you jump in!!

Nerja Torrox Marina Project

noreply@blogger.com (Property Finder Online) — Wed, 06 Feb 2008 12:59:00 +0000

The once dreamed about Marina Project for Nerja-Torrox will be a reality!

The Junta de Andalucia and the Mayor´s of both Nerja and Torrox, have announced the fantastic news that the long awaited Marina will finaly go ahead and construction is due to start in 2008.

The Marina will be called Puerto Deportivo Nerja-Torrox and will be located on Playa Wilches which is directly next to and in front of the Calaceite Golf Development.

500 berth Marina to cost 33 million Euros!

The project will cost around 33 Million Euros and will take around two years to complete when work gets underway.The marina will offer 500 new berths for boats between 8 and 25 metres in length and also 90 metres of quay side to accommodate larger boats of up to 35 metres long.

The marina will cover a total of 229,000m2, 72,000m2 of which will be on land.A large commercial centre of 3,500m2 will be available for restaurants, cafeterias, shops etc and parking for some 300 cars.

The marina will be a massive asset to Nerja and Torrox that will increase tourism.

There are currently 40 marinas along the Andalucian coastline, 11 of which are located in the Malaga province.
It is estimated that 4200 berths are occupied along the entire coastline.
In the Marina of Caleta de Velez alone, there is a 4 year waiting list for a berth, therefore a new marina offering 500 berths will be greatly received.

Calaceite Residencial

noreply@blogger.com (Property Finder Online) — Sun, 06 Jan 2008 13:27:00 +0000

Calaceite Residential - Luxury development next to Nerja-Torrox new Marina.

Calaceite is located on the coast about 3 kms from Nerja, right next to the new Marina - Puerto deportivo Nerja-Torrox.

Las Lomas is the second phase to be released on the Calaceite residencial Golf complex near Nerja.

These contemporary style apartments come with fully fitted kitchens and air-conditioning installed. The floors are marble throughout and a car parking space is included as well as a storeroom.

The development will be located 200 metres from the beach and due to the geographic circumstances of the plot, all apartments in Calaceite will have magnificent views to the Mediterranean Sea, Nerja and some apartments will even look over the new Marina!

The Calaceite development within two years, will offer an 18-hole golf course. Within the urbanisation there will be parks, shops and sports areas. It will provide all that is necessary to offer a high quality of life.

Sierra Nevada opens December 1st

noreply@blogger.com (Property Finder Online) — Wed, 28 Nov 2007 16:48:00 +0000

Heavy snowfall on the Sierra Nevada mountain range has resulted in an early start to the ski season.

Pistes at Europe’s most southerly ski resort will now open on December 1 after 15 centimetres of snow fell in a single day.

The snowfall and cold temperatures supplement the 120 snow cannons that have been in use in recent weeks.

At the time of going to press, the exact amount of kilometres of piste open to skiers is not known.

News from the olivepress

High speed Telecabina for Sierra Nevada

Cetursa, the company that manages the resort of Sierra Nevada, has said that the new cablecar will be operational for the start of the season, however the new high speed Telecabina will not be completed until 2009.

This new cable car will cost 15 million and will be able to carry between 2,600 and 3,100 people per hour. The capacity is almost six times higher than the previous cable car.

An Englishman´s home in Granada

noreply@blogger.com (Property Finder Online) — Fri, 21 Sep 2007 15:41:00 +0000

Fancy an Englishman's home near this castle?

The slopes and the Costa are both within striking distance of this ancient town, writes Nicola Venning of the Daily Telegraph

If you like to mix café society with your aprés ski and enjoy red runs as much as red wine in a good restaurant, then a home in Granada, southern Spain, could be for you.

With budget airlines flying regularly to Granada, this astonishing medieval city, which is home to the historic Alhambra palace, has never been more accessible or alluring.

If you would like to be close to the slopes, you might like to consider a home in one of the pretty little villages en route to the ski station, such as Monachil, which is about half way between city and resort.

The village has shops, restaurants and a school – and is only 20 minutes from Granada and all its nightlife as well as 20 minutes from the skiing."

When houses do become available in the resort, they tend to be very expensive usually selling for between £200,000 to £420,000 for a fairly basic two or three-bed house. It is almost impossible now to obtain planning permission to build new houses up there.

The villages of Monachil and Huerta Vega, offer a much more attractive proposition. With investments starting from as little as £68,000!
Contact us, to find out more.........

The Spanish Property Market

noreply@blogger.com (Property Finder Online) — Wed, 09 May 2007 15:30:00 +0000

Is Spain still the place to invest?

The answer is yes, but in the right area!

Prices in some parts of Spain are decreasing due to an over build of poor, and often unattractive, new homes.

Recent press reports, suggest that the Spanish property market is due to fall by up to 25 per cent in certain areas.

The problem is a result of developers building too many homes in coastal regions popular with the majority of the 700,000 Britons who own there.
"More than 800,000 homes were built in Spain last year."

On the West coast of the Costa de Sol, in areas like Marbella and Fuengirola, price falls have become commonplace. Property values have dropped by 10 to 20 per cent because of a glut in every complex. It's at all levels of the market, cheap or dear.

But it is not all doom and gloom!!

Most property experts say the market for traditional classic Spanish white villages East of Malaga, and for apartments in areas such as Granada, Costa Tropical and the Sierra Nevada, remains strong.

In these locations, demand far exceeds supply and prices are comfortably rising!!
Unlike the Spanish housing crash of the early 1990s, when demand evaporated because Britain's housing market fell and people didn't have the money to buy, demand is still quite high today.

That is why buying in the right area in Spain is still a very good investment!!

For more information relating to the Spanish property market, contact us for advice and guidance.

Call 0034 952 52 5854 or Email info@propertyfinder-online.com

Golf and Ski - Spain

noreply@blogger.com (Property Finder Online) — Wed, 10 Jan 2007 15:58:00 +0000

Sierra Nevada... This month we take a closer look at whats on offer in the resort.

Golf In Spain... We look at the best Golf investment properties in Granada and Murcia.

Investments for non skiers

Most European ski resort are changing, they should probably be called multi activity centers because skiing is invariably only one of the activities on offer during the winter months.

The Sierra Nevada in southern Spain is a typical example. Apart from the 87 kilometers of piste, cross country skiing and nursery, green, blue, red and black slopes, the resort offers so much more. You can take a husky ride or go ice skating, tobogganing, or be launched down a slope in an inner tube; if all that sounds too energetic there is a sports club available with a gymnasium, swimming pool and a sports hall with massage, physio, sauna and a solarium.

Within the resort village you will find dozens of restaurants, bars and hotels. The Vincci Seleccion Rumaykiyya is the only 5 star hotel in Sierra Nevada and is the highest hotel in Europe with direct access to the slopes. However, the 4 star Melia Sol y Nieve Facilities includes a sauna, solarium, Turkish baths, swimming pools and a massage service.

With enough facilities to keep the whole family amused year after year, it’s a destination well worth considering for a holiday home, but is this an affordable option?

We found an exclusive property in the Sierra Nevada ski resort for sale with 2 bedrooms 1 bathroom and views to the slopes that measures 65m2, but the downside is that the asking price is a rather steep €500,000.

But is it possible to buy a 2 bedroom property with access to Sierra Nevada’s facilities at a more reasonable price?

The answer is yes; the village of Monachil is located within the Sierra Nevada national park and has direct access to the city of Granada and the world famous Alhambra Palace. The ski station and village is a short drive away.

We are currently marketing the Club Monte Alto development with studio apartments starting from a very reasonable €100,000.

Obviously an overseas property purchase or investment is not just for a ski season – so what do these properties have to offer once the snow has melted? The answer is plenty.

Monachil is now becoming more of an “all year round” resort, which offers many activities including hiking, mountain biking, paragliding and rock climbing to name a few.

For UK investors who have bought in “year-round” resorts this is a win-win situation as they are benefiting from two rental seasons rather than just one. Sierra Nevada is expecting numbers to increase from 1,000,000 visitors per year as the resort really starts to cater for summer sport enthusiasts and families.

Want to find out more about the Sierra Nevada?

Click here to get the facts and insider information on the resort

New - Download your free Piste Map
New - Download your free village Map

Monte Alto Luxury apartments near Sierra Nevada. Spa, Pool, and club facilities.....Click Here

Residencial Otura Large detached villas 10 mins from Granada. Exclusive development.....Click Here

Murcia -Condado de Alhama Luxury Golf development designed by Jack Nicklaus.....ClickHere

Sierra Nevada

noreply@blogger.com (Property Finder Online) — Mon, 20 Nov 2006 15:53:00 +0000

SIERRA NEVADA

With the ski season just round the corner and a touch of frost in the air at home, why not start planning some fun in the snow for this winter?

The Sierra Nevada mountain range, just a stones’ throw from the south coast of Spain, is one of Europe’s highest ski resorts. This southerly location means you are practically guaranteed sunshine during your stay and yet can still enjoy a long season lasting from December through to early May.

The ski resort of Sierra Nevada offers visitors a wide range of facilities, including 34 red runs, 33 blue runs, 8 green runs and 4 black runs. It also has cross-country skiing, night skiing and a snowboard park. Put simply, with guaranteed snow throughout the season there is enough terrain to suit skiers and boarders of all standards - Click for more information

Property Finder Online News - Monte Alto

noreply@blogger.com (Property Finder Online) — Fri, 15 Sep 2006 14:39:00 +0000

Monte Alto - Granada

This month we are continuing our focus on Granada and highlight a very exciting development near to the Sierra Nevada Ski Resort - Monte Alto, Monachil.

This development, called Monte Alto, will be built in the centre of Monachil which is situated just 20 minutes from the Sierra Nevada Ski Resort.

There are Studio, 1, 2 or 3 bedroom apartments to choose from. All the properties will feature wooden flooring, heating, fully fitted kitchens, double glazed windows and Air-conditioning. The block will benefit from an indoor communal pool, jacuzzi, sauna, gym and a communal roof terrace. Also available are storage rooms and garage/parking places.

With prices starting from as little as €99,700, a deposit of just €2,000, and 80% mortgages available, this is an investment you cant ignore!!
The development will be featured at the London Metro World Ski Show in October and will sell out fast!!
Dont miss out.......Reserve your property Today with only a 2000€ deposit!!!

Click here for more info

Property Finder Online News - Granada

noreply@blogger.com (Property Finder Online) — Thu, 06 Jul 2006 14:27:00 +0000

Granada

This month we are focusing on the beautiful city of Granada and why it is fast becoming the most desirable place to be in Spain.

With its spectacular backdrop of the Sierra Nevada's snowy peaks, the World famous Alhambra palace, endless winding streets with tapas bars and restuarants, Granada is the place to be!

The Alhambra,

The second most visited site in Europe: this breathtaking palace-city is a sophisticated blend of medieval Islamic, Renaissance Christian and modern architectural styles.

Cathedral and Royal Chapel,

A rich display of the fabulous treasures belonging to the Spanish monarchy, from the royal jewels to the ornate tombs of Queen Isabella and King Ferdinand.

Plaza Nueva,

Granada's central plaza, lined with shops, restaurants and cafes.

Granada Airport,

mainly handles national flights to Madrid and Barcelona but now also a daily international flight to the UK.

Click here for more information about Granada