- This topic has 13 replies, 7 voices, and was last updated 14 years, 2 months ago by
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I have been looking to purchase an apartment on CDS for a while now, but have been waiting to see what happens to the market and to the Euro.
My mind had been set on Alcazaba Beach at Estepona but I was recently offered a 2 bed apartment on MAR AZUL resort , next to Kempinski hotel, Estepona.
It is very modern & hi tech, see details on link. http://www.marazul.iowners.net/
The apartments are on the market for 550k EUR. I really don’t know enough about the market to make a judgement on value for money.
Any views or advice will be greatly appreciated.
Graeme
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Just a consideration to think about.
As it’s a garden appartment, would you be happy on a very hot Summer’s night to sleep with the balcony doors open where anybody can just walk in? The alternative is to close up and put the a/c on – very claustophobic. Personally I’ve heard too many stories of nighttime robberies to ever want a bedroom on the ground floor. -
If I recall correctly when they were launched. They were launched as aparthotel a bit like Kapinski hotel apartments. This means very high service charges & with little or no say. This also increses the VAT rate applied on the purchase.
Our forum poster ” Inez” had an apartment in the Kapinski hotel for sale at a similar price some times ago.
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Not sure perhaps someone can enlighten me I have heard that with an apart hotel or having an apartment in one you cannot live there permantly if you wanted to (who would know I suppose) but only a percentage of the year . Is this right . Only this would have implications for the owner and something to think about before buying a property like this .
I would be interested to know . -
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I looked at an apartment in there when it was off plan about 5 years ago. Really nice apartments!
I had lunch the other day at Laguna beach with a friend of mine who is an estate agent and I asked him, as we were passing, what they were going for now. He said the cheapest he knows of is a ground floor at €525,000 which suprised me because I looked at a 1st floor at €650,000. I can’t remember what the ground floors were at the time but if €525,000 is now the cheapest then they have not dropped all that much.
Personally I think it’s a really nice area and the complex looks fantastic. Fee’s apparantly are about €500 per month but I’m not sure what that includes. Can’t be too hard to check though.
My advice would be to contact a few agents and see what they have there. They all seem to work together so it should be easy to hunt down the best deal. Whether you think the facilities and communual areas are worth the monthly fee’s is up to you but that seems the going rate for a top quality complex . Personally I would be looking to offer 450k and see what happens. From my knowledge of prices here, and I am a bit rusty on that end of the CDS, I would say anything of that quality and beachfront under 500k is good value.
Good luck. -
@Man in Marbella wrote:
My advice would be to contact a few agents and see what they have there. They all seem to work together so it should be easy to hunt down the best deal. Whether you think the facilities and communual areas are worth the monthly fee’s is up to you but that seems the going rate for a top quality complex . Personally I would be looking to offer 450k and see what happens. From my knowledge of prices here, and I am a bit rusty on that end of the CDS, I would say anything of that quality and beachfront under 500k is good value.
Good luck.Thank you very much for the advice – much appreciated
Graeme
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@katy wrote:
Maybe it’s just me but I really dislike the area….scruffy beach, nothing to walk around just the main road. Laguna beach….dead most of the time, stained sun-beds, overpriced shops. They are having a larf selling property at that price.
Katy
Thank you for you comments.I see from your post that you live on the CDS. I would appreciate your advice because you seem to have knowledge on the area that I lack.
1. Where are the areas that you would recommend to live on the CDS?
2. What are the areas to avoid? (Apart from Mar Azul)
3. Do you know of any good urbanisation’s that might fit my bill? (Nice gardens, quality build, good pool, not too remote)
4. Roughly where do you live on the CDS (I am presuming that is a nice area.)Many thanks,
Graeme
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@Black_Pear wrote:
@katy wrote:
Maybe it’s just me but I really dislike the area….scruffy beach, nothing to walk around just the main road. Laguna beach….dead most of the time, stained sun-beds, overpriced shops. They are having a larf selling property at that price.
Katy
Thank you for you comments.I see from your post that you live on the CDS. I would appreciate your advice because you seem to have knowledge on the area that I lack.
1. Where are the areas that you would recommend to live on the CDS?
Don’t live there anymore but owned property for over 20 years in marbella, therefore I could be biased.
2. What are the areas to avoid? (Apart from Mar Azul)
I would anything classed as an “aparthotel” as they seem to have problems.
3. Do you know of any good urbanisation’s that might fit my bill? (Nice gardens, quality build, good pool, not too remote)
If you are wanting beach front with nice clean soft white sand, then I would go for Alicate Playa, excellent but quiet position and very close to marbella. Have a friend who owns there and it seems very secure and well-run.
http://www.vivaestates.com/property/apartments/los_monteros/510369AM626
Also Hacienda Playa, White Pearl Beach, both to East of Marbella. All upmarket areas. If you don’t mind 5 mins inland Elviria Hills is excellent. Some nice apartments to the West of Marbella centre too but not as far as Puerto Banus which I would avoid.
4. Roughly where do you live on the CDS (I am presuming that is a nice area.)Answered above 🙂 If you are really wanting to be close to Estepona I would look at the area around Atalaya or Guadalmena.
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