With Spain recently in and out of the headlines regarding the ‘oversupply of property’ there is one area that is often overlooked and providing steady growth at a measured and sustainable pace. The Spanish Algarve on the Costa De La Luz is just 30 minutes from Faro and is a developing region not prone to the swings and roundabouts of outrageous fortune. Next door to Portugal and only one hour from Seville, the coastline is just as popular with the locals as northern Europeans and does not suffer from the same problems as some of the better-known Spanish destinations.
Rob Shaw, marketing and operations manager for Spanish Algarve Properties, says, “Strict planning rules limit development on the Spanish and Eastern Algarve. This control means that new property is sympathetically added to the area and also restricts the supply. As a result there is less competition for holiday lets and resale properties from an investment perspective. The Spanish and Eastern Algarve already attracts the more discerning kind of tourist and with such a strong following a large number of international hotel chains have already made significant investments demonstrating their commitment and confidence in a region that shows tremendous potential.”
Spanish Algarve Properties are marketing Esuri Golf Apartments in Ayamonte, a luxurious apartment complex situated around two 18 hole championship golf courses which will be finished to a higher specification than anything they have brought to the market before. The often abused status of ‘luxury’ will be fully justified, as this off plan development due for completion in 2008 sits in a premier location on the Costa Esuri Andalucian village, benefiting from beautiful sandy beaches either in Spain or Portugal, just 10 minutes away.
There will be a selection of one, two and three bedroom apartments which will all offer fully fitted kitchens, air conditioning, underground parking and storage room. The development will offer superb facilities including gym, spa, swimming pools, Turkish bath, landscaped communal gardens, restaurants, bars, video entry system and lifts.
Rob continues, “Prices at Esuri Golf Luxury Apartments are exceptionally competitive for a development of such outstanding specifications. Excellent investment potential on a development that is growing in stature and popularity but is fundamentally based around a strong domestic market provides an opportunity that is just too good to miss.”
Prices at Esuri Golf Luxury Apartments start from just £124,500.
Spanish Algarve Properties specialise in the sale of land and property in the Costa de la Luz and Portuguese Algarve. They are acknowledged leaders in real estate on this coastline and cover everything from the Western Algarve past Faro Airport to beyond the Spanish border and the Donana National Park/Seville – a distance of around 200 miles.
Spanish Algarve Properties www.spanishalgarveproperties.com