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Was recently out and looked a this development – some agents for it and others against. Wondering if anyone out there could throw some light on it terms of capital growth/investment and possible future rentals.
Regards.
Seana
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There is already a topic on this if you do a search.
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Well seana,
As I’ve said on a previous thread, in my opinion, it’s neither golf nor coast, so it doesn’t catch either the golf holiday market or the family beach market. This will affect the rental potential of the property.
As for capital growth, you’ll have to make up your own mind about that. Price rises depend on supply and demand. At the moment, there is alot of supply and demand is fairly low so I think you need to consider capital growth as a long term thing, 5-10 years instead of making a quick killing.
Best wishes.
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There is a thread here for La Tercia
https://www.spanishpropertyinsight.com/forums/viewtopic.php?t=1108&highlight=la+tercia
Bernard
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Thanks guys for the pointers – can see as I tread through the postings that there are already a number of comments about this development – some for some against.
I’ve also been advised to look at Medina Elvira – Granda in terms of capital growth?????
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Saena,
I thing you will find that is already relatvely expensive as a “rental guarantee” is being offered too.
I for my sins (and no doubt I will get shot down) think the new Polaris World project is worth a look. -
Whoops – Sorry about the mispelt name. 😳
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Barrymc1 you would say that as you are an agent and you have the backing of their massive marketing to assist your sales.
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Katy,
I think you might find it hard to believe but it doesn’t always help.
Regards,
Barry -
I have read communications with interest, I have just flown over to Alicante, and was whizzed up to Covera Golf and country club I believe this is in the murcia region.
What do you mean by guaranteed rental income? ❓ my understanding is that that the De Vere Hotel in this complex will guarantee rental income but I have no info from the buying agent to support this.
I have been shown around also its neighbouring much more established resort RODA Golf and beach resort. Was impressed with the professionalism and quality of build, pool per head, space between buildings etc…
the building i have reserved but not commited to ( until tommorow) is a 2 bed apartment, this complex is twinned with another along the road such that that it will be the same builders. 243000euros.
I have been given the spiel of PGEA internationaltional golf course, international airport planned in 4 years, security fence allround, blah blah
I have been given projections based on 10% and 12% – 3 stage payment, deposit now 3000euros, 30 day payment, payment sept 2007, complete march 2009
I am pretty tired having got back yesterday, sorry i cant really answer the questions raised in this dialogue, hope that this can add to etc. I am open to any suggestions anyone wants to raise…many thanks.
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Hi Paul,
From my experience, there are no guarantees of rental income at Corvera Golf. I can only assume you (mis)heard the representation that becasue De Vere Group are going to be managing the resort that it may generate (not guarantee) rental income.
Depending on what you want from the property, it may or may not be the right development for you but it will certainly be a great resort.
Best of luck,
Barry -
Just catching up on all the comments – notice we’ve moved from discussing United Golf Resorts to Corvera Golf Resort. Can we keep on the subject.
Just a thought!!!!!!
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Hi Seana
I have sent you a PM
Davey
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