Huge Demand for New Properties in Costa del Sol But at What Price

19 Oct 2013

Proof that Costa del Sol and Marbella has come out of its property recession was further evidenced by the news that Taylor Wimpey recently sold out their new apartment project Los Arqueros Beach in the center of San Pedro de Alcantara with the last delivery dates as late as 2016. However will other developers be able to come to the market with such well-priced properties that fits the market’s needs?

According to Simon Jones market analyst for Spanish Hot Properties Investor Club there are many factors that make coming to the market at the right price very difficult. Without doubt the number one problem is buying the land or unfinished development at the right price to make a profit said Simon. Other factors are the increased costs in construction and adopting the new higher standard 2010 energy efficient building regulations as well as coming up with a project that suits your potential buyers needs Simon Also said.

The big issues is the cost of the land and actually finding any that is available this is recently illustrated by a lovely new project aimed at the Scandinavian market in La Cala de Mijas which is very new and stylish but has a starting price of 339,000€ which is at least 40% more for something of a very good quality. If the developers had been able to buy the land for less maybe they could have come to the market with a more realistic price for the area.  The most interesting thing about this development is that the developer has already sold units at higher prices than the starting price which shows some customers especially Scandinavian ones are prepared to pay more for what they perceive as quality Simon believes.
The reality for any developer is that the only place they will be able to buy land to make a truly competitive product is directly from the Banks and the land they have repossessed.  Spanish Hot Properties realizes this and have therefore started to help investors and developers find land and unfinished developments that are not on the open market.

If you would like to know how Spanish Hot Properties can help you in this regard contact the Spanish Hot Properties Investor Club team on info@spanishhotproperties.com

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