Investing in Real Spain and Future Spain?
Saturday, January 22, 2011 @ 1:23 AM
The area of Spain around the Mojacar area in Almeria is I think is a really nice area of Spain and not overdeveloped, but developed enough to be enjoyed (some call it Real Spain). It is also within easy driving of the proposed Paramount Pictures Theme Park in Murcia... just over an hours drive away. Mojacar is also no further away from Almeria airport than Terque is but the Mojacar area is by the sea and very beautiful with palm trees, nice beaches and clear blue sea.
100% mortgage deals are available on discounted property in that area. Clearly IF Paramount goes ahead (a new Future for Spain) it should have an impact on prices in that area. If the development is to take place at the most favoured location, then the Condado de Alhama resort of Polaris World will literally be on the 'doorstep' of this new proposed Theme Park.
Below is an extract from one of the websites in respect of the developments at Polaris World. Note the reduction in prices compared to 2005 which is the same time that most of us invested our deposit money in the failed off plan development (see sister blog!)...
The Condado de Alhama resort has an impressive town centre and spectacular Jack Nicklaus Signature golf course. Alhama offers the most affordable property on any of the resorts built by Polaris World. It includes bank repossession properties ith 90% MORTGAGE options and resale bargains. The land adjacent to this resort is the favoured location for the Paramount Murcia theme park. Such an entertainment complex would provide a boost for property prices where some apartments are discounted 40% below their 2005 off plan prices.
In my last blog I mentioned that, through the Group I am working with on the return of our deposit funds on another development, I have a contact who is a director with Polaris World if you are interested to know more of what they have to offer. So if you would like some further information please contact me direct and I will add you to the list of those showing an interest in this.
P.S. Check out my sister blog by clicking the link on the right of the screen under ‘Interesting Links’