La Manga Property investment in the Murcia region.
The idea of owning a property at La Manga Club on the sun-drenched shores of the clear blue Mediterranean, has an irresistible appeal to almost everyone. Now the dream of owning a La Manga property in Murcia, whether just for weekends or the longer term, is a reality. The advent of low cost flights from all parts of the UK means everyone can now reach La Manga Club in Southern Spain in little over two hours.
Chosen carefully, a La Manga property in Murcia will gain in value and provide a reasonable return from rentals. It will provide your dream holidays whenever you want them and it could even be an eventual retirement home.
Increasingly we are seeing younger couples with two good incomes and a taste for foreign travel investing in La Manga Club and buy property in Murcia. A home in the sun makes a compelling alternative when compared to investing in a pension fund, many of which have halved in value over recent years, or a sluggish and unpredictable stock market.
Many UK property investors are flooding back to La Manga Club to enjoy the high returns, particularly in the “buy-to-let” sector.
In the 1990’s just over 1,000,000 homes in Spain were owned by foreigners and in the last 20 years this number is thought to have gone up to 1,500,000. It has been estimated by The Asociacion Nacional de Urbanizadores y Turismo Residencial in Spain that a further 1,000,000 new foreign buyers are expected within the next 5 years.
However, you do not need to be “cash rich” to invest in your own dream home in La Manga Club or Murcia. The secret is to buy from the developer when the project is fresh from the drawing board, known as buying “off-plan”.
As an example, on one of the developments that we sell – individual villas, townhouses and apartments around an 18-hole Jack Nicklaus designed golf course – you can start with as little as 126,000 UK Pounds, thereafter paying in instalments over a 14 to 24 month construction period. All your payments are protected by bank guarantees, insurance for you, paid for by the developer and lodged with a bank for safekeeping.
Often the developer releases a certain number of homes well below the market value in order to create demand. These are often snapped up by our clients and once this happens prices start to rise and continue to rise as the development nears completion. We have examples where properties purchased off plan are resold even before completion at good profit.
At the end of the construction period you own a beautiful brand new apartment, villa or townhouse in a private, gated and secure development, complete with a golf course, tennis courts, hotel, health spa, tropical gardens and numerous swimming pools. Your property will obviously be worth more on completion than when it was on a drawing board and in the last 18 months we have seen some property values increase by as much as 85% over the original promoters price!
At this point you will have the choice of selling and taking your profit, or keeping the property to enjoy for years to come.
Spanish banks will lend UK residents 70 – 80% of the value of your property and any mortgage repayments can often be covered by rental income. This can be arranged through our property management and rental department.
In this way many investors have made good profits in recent years.
At Design Home Sales we employ the most experienced professionals who research the La Manga & Murcia Property Market on a weekly basis. We have established excellent relationships with all the major developers and a 19-year history of serving our clients in the prestigious La Manga Club, has built our reputation.
As a consequence we often hear of new developments and investment opportunities before other companies and therefore we have access to many exciting and lucrative, new prestigious developments for you to choose from new development plots at La Manga Club to new plots in Murcia.
Most importantly, when buying a home at La Manga Club or Murcia , there are initial individual steps to consider and having the assistance of an experienced property sales consultant is vital. It is in this area Design Home Sales have no equal. We will provide guidance through what at first can appear a complex process. We will supply information about market dynamics, critical issues and willingly complete some of the legwork required to complete your transaction, enabling you to enjoy the all the rewards of owning a property in sun-drenched La Manga Club resort in Murcia.