New Costa del Sol Construction As Investors Come Back to the Market
16 Mar 2014
According to Nick Stuart Managing Director of Spanish Hot Properties the likelihood is that the Architectural landscape and Costa del Sol will be changed forever but finding new projects in prime location areas will be very difficult indeed.
Firstly its great news that Investors are starting to come back into the market place and the fact they are proves beyond all doubt the recession is over for the international property market. Secondly they are entering the market because there just aren’t the properties that the Scandinavian’s, Belgium’s and Russians want to buy. They primarily want new modern construction which in this recession is very difficult to find Nick alluded to.
Three off plan projects that are currently 50% sold out illustrates the style of homes currently been taken to market
Frontline beach and very modern filling the demand for frontline beach and beachside properties.
Very new and modern apartments built for Scandinavian’s as they just can’t find the type of property they want currently. This projects fulfills a demand
First phase completely sold out and second phase greatly in demand as these stylish modern villas are what the Russian’s and Scandinavian’s want to buy.
This demand is changing forever the architectural landscape as before the recent increase in demand from non UK and Spanish clients there was a lot of English and Spanish rustic style traditional Andalusian style building but no anymore said Nick.
The only issue for investors and developers alike is being able to buy land at sufficiently low prices to be able to build the increased costs of new construction and come up with a price that makes sense in the current financial market. This leaves the would be buyer a stark choice of buying either the property of his dreams but not in his first choice location or alternatively buying in his first choice location but settling for a property that obviously cannot be modern and new style construction explained Nick
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- "Honest and supportive Nick managed the whole process from start to finish and made sure the whole sale and mortgage approval went through smoothly"