Investment Property Abroad

One of the easiest ways to realize a good return on investment in Fuerteventura is to purchase land or buy into a new development property.

Mirador de Lobos Golf, from Montaña Roja Estate Agents, is one of the latest new developments on the island and has excellent potential. It consists of 150 top quality semi-detached villas and duplexes, all of which are surrounded by a private golf course.
Every villa has 3 spacious double bedrooms, 2 bathrooms and a guest room.

Montaña Roja work both as a real estate agent and developer. This way they can offer their clients some very generous price reductions. They deal with various new development properties throughout Fuerteventura and Morocco.

Investment Property Abroad
Despite the recent property scare, investment property in Fuerteventura is still a popular option and one of the most secure ways of seeing a guaranteed return on investment.

Although traditionally it was the more mature investor that you’d normally see investing in property or land overseas, nowadays we’re seeing a significantly large number of young British investors doing so.

As well as investing overseas, many Britons are making the permanent move to sunnier climes. Even back in 2004, over two hundred Britons moved abroad.
Two very popular up-and-coming areas are Fuerteventura and Morocco, both of which have undergone massive beneficial growth with many new property development schemes already constructed.

In order to cope with the demand, the authorities have greatly improved the infrastructure and there are now plenty of cheap and available flights flying to and from each of these destinations from most UK airports.

Mirador de Lobos Golf
Mirador de Lobos is scheduled for completion in January 2008. It’s one of the highest quality developments on the island and is very much sought after. Just think, in a few months you could be enjoying a few rounds of golf on your own private course, overlooking the Atlantic Ocean, at any stage of the year in just shorts and a t-shirt.

As well as the 3 double bedrooms and 2 bathrooms, each property also has a guest bathroom, a spacious lounge/dining room and a separate kitchen with a choice of single storey or two storey layouts.

You also get a private garden, which has both covered and open terraces. Then there’s the huge roof terrace, where you can really get to appreciate the fabulous light and climate.
Mirador de Lobos is located in the exclusive Parque Natural area of Corralejo, in northern Fuerteventura.

This is one of the most desirable parts of the island to own a property, either solely as an investment or as a place to live with an excellent standard of life.

Montaña Roja
Montaña Roja are involved with nearly all of the latest property development schemes in both Fuerteventura and Morocco.

They work both as an estate agent and a developer. By doing so, they effectively “cut out the middleman”. The savings gained from not using any intermediaries is passed onto clients. Montaña Roja is undoubtedly where you’ll find the best value for money in either of the locations.

With such exceptionally priced off plan development property available you can easily make an excellent return on investment.

Contact details
If you have any questions regarding this or any other
development/property you can contact them at the following address…

Montaña Roja
Gestión Inmobiliaria Montaña Roja. S.L.
C/. Nuestra Sra del Carmen, 40
35660 Corralejo
Fuerteventura, Canary Islands, Spain
Sales Office New Developments
Phone: 00 34 928 537 301
Phone: 00 34 928 866 337
Fax: 00 34 928 867 614
Fax: 00 34 928 867 481
Email: info@Montañaroja.com

Along with corruption scandals and land grab issues, overdevelopment and oversupply have led to Spain’s current property situation. According to industry figures more than 800,000 new homes were built last year (2006) which is four times the amount buy in the UK.

Experts say that the main problems stem from the “glut of properties available after the furious building spree of recent years”.

A recent article from Gavin Stamp looks at how people see Spain’s recent property crisis.

Richard Leigh, from Wiltshire comments that “There are a lot of negatives around and I have no doubt that property values will go down in the short term”… “In the long term, I think prices will come back quite quickly. For those who hold their nerve and hang on, I don’t think there will be a problem in a couple of years time.”

On the other hand Ron Sillett, a retired teacher comments “The market is virtually dead”. He’s been trying to sell his property he bought near Malaga on the Costa de Sol for quite some time now.

The Spanish Property Market
Spain’s dramatic growth has been spurred on by low interest rates, rapid economic growth and an almost insane demand for properties from both Spaniards and foreigners.

Many people have made a lot of money investing in Spanish property, particularly off plan investments, which are normally sold off at a very handsome profit, upon completion.

But things have changed…

Overdevelopment has led to mass saturation levels, and this has logically occurred in the most popular resort areas. Prices are stagnating and properties are going unsold. Some UK buyers have even reported making a loss on their investment.

While this is true, and there is much uncertainty about the Spanish economy it has still consistently enjoyed growth of more than 3% in recent years.

Lesser know parts of Spain like Costa Calida in Murcia now appear to be showing strong capital growth, according to Andrew Ward, managing director of Equity Property Portfolios.

The Canary Islands too, Tenerife in particular, remain strong, with property sales still rising. Year round sunshine being their major selling point.

The future
For the first time in years Spain is a buyers market. You simply have look at it as a long-term investment. Buying a good quality property while prices are affordable (not spiralling upwards) could yield a profitable investment 10-15 years down the line.

Many experts agree that talk of an outright “crash” is premature and that the market is just slowing down and will eventually pick up again in a few years.

Astrid Schilo, chief European economist at HSBC comments that “Investment in the Spanish construction sector and consumption will slow,”…”But I don’t think there will be a collapse in the Spanish economy.”

Economic considerations aside, Spain will always be popular (especially with UK buyers) because it’s, quite simply, a very nice place to live.

Spain has been a “home away from home” for the Brits for many years. It’s got everything; the beaches, the climate, the nightlife, the landscape, the cuisine, and a very relaxed pace of life.

It’s also an incredibly cheap place to live, especially compared to the UK. Most of the people speak English in the resort areas and there’s a huge ex-pat community of English homeowners, so prospective buyers often feel at home, as soon as they arrive.

Spain is more than just a “fly by night” property investment location; it’s a real and genuine place to live.

Richard Leigh seems optimistic… “People will always want to go to Spain because it is a nice, sunny place,”…”The golf courses are great and it has great shopping for those who don’t want to play.”