Country Guides Country Guide: Spain

Date Published:

02/06/2008

Mike Hamilton, sales Director of Casas de Lorca, says, 'Seasoned investors are well aware that in a market environment where there are weakened sales projections, developers will ensure that those coming to the market are given the best deals possible.'

'For those with the money to buy in a slowing property market, such as we are experiencing, Spain right now represents the absolute best time to buy. Not only are the smaller and less scrupulous developers being squeezed out of the market, but the larger developers, who know what they have to do to generate sustained interest in their projects, go all out to accommodate the buyer.'

'Ultimately, it's a buyer's market in Spain, and the buyers who negotiate the best property and currency deals will reap the strongest possible dividends in the future.'

Hamilton argues, citing a recent report in the Irish Independent newspaper, in a weaker property market every buyer heads for quality... and that the premise holds true just as much in Spain as it does in Ireland.

Casas de Lorca, claims Hamilton, is building some of the highest quality, most attractive properties in Spain's Murcia region, near the town of Lorca, which borders the south Costa Blanca's Vega Baja region. The four-bedroom villas are priced from €265,000 (£212,000).

'We give buyers the best guarantees in the business, we offer homes on five acre plots of land and we build to five star standards, guaranteeing not just the title deeds and the build quality of their homes, but the fixtures and fittings as well.'

Gran Monovar Ecociudad

Eco-features of the community include dual-orientation of the properties to facilitate energy efficiency by generating natural cross-ventilation and maximising natural solar gain year-round. Solar panels will heat the water supply. Grey water recycling, air-flow taps, and rainwater capture will ensure water conservation is a priority.

A spokesman for eco-homes portal "www.whatgreenhome.com said: 'Gran Monovar Ecociudad has a strong sales proposition because there's only one or two other eco-resorts in Spain. People are looking to buy there because it appeals to their conscience, but also because it offers the prospect of being a good investment, too.'

Casas de Lorca

Located in the Murcia region, near the town of Lorca, the four-bedroom villas, set on individual five-acre plots, at the high quality Casas de Lorca development are priced from €265,000 (£196,900).

30 minutes' drive inland from Alicante, on the Costa Blanca, Gran Monovar is the first of a new generation of communities that combines luxury with energy saving and water conservation initiatives. Prices start from €95,000 (£76,000).