- February 21, 2006 at 8:06 pm #51587
Recently been looking at buying a 2 bedroom resale apartment on the Costa del Sol. There is an huge choice – at negotiable prices. We will be going out soon again to have a second look around but can anyone recommend a development that is in a good location and with a quality build. Our main consideration is within 30 mins of Malaga airport with some possibility of rental in the peek summer months only. Where should we start looking?
- February 21, 2006 at 9:21 pm #61051
Can highly recommend Elviria area in east Marbella. Very nice developments are Hacienda Elviria, Elviria Hills and Hacienda Playa (same builder as HE but more expensive due to location right on beach). These are very good quality, spacious well finished apartments. We have rented the same apartment in Hacienda Elviria a number of times over the last few years and love the development and the area. (We had a deposit on an off plan in Elviria which is not going ahead – a very long story covered in much detail elswhere in this forum!) If we go ahead and purchase now we have narrowed our choice down to the three above. There are a number of apartments for sale in each of the developments but the prices advertised include a very hefty sellers commission and some have been for sale for a considerable length of time, so if you can find one with a ‘Se vende’ sign on it and contact the seller directly that is the best way. We have heard of apartments going for 30-50k less than advertised officially. The agency we rent the apartment from deals only with a relatively small number of very high quality apartments in these and a number of other developments around Elviria. It is a very good idea to ‘try before you buy’ so if you are interested in staying in any of these developments or want to have a look at what they are like send me a PM and I will direct you to the rental agency we use. According to them there is a good demand for rentals in the 3 developments I’ve mentioned during the summer (and from observation this appears to be true for the well located apartments within each development) but I would caution not to be reliant on significant rental income no matter where you buy on the CDS as there is a huge supply of apartments for rent everywhere. Hope this is of some use. We have been up and down the coast and always come back to Elviria.
- February 22, 2006 at 7:04 pm #61073
Yes, I would agree with Mary. Been here 7 years and in the business so can vouch for quality of Hacienda Elviria, Hacienda Playa and also Vista Hermosa in Bahia de Marbella (all the same builder). Have clients and friends in all locations all of which have successfully rented out over the summer, my own apartment included. Agents tend to charge between 15-25% of the rental and demand is highest for beach beach beach in the summer! Calahonda also has some superbly priced resale properties at the moment with lots of negotiation potential – maybe you could ask your estate agent to find you one with rental income already in place from repeat bookings? Happy hunting.
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