As one of the leading Estate Agents in Duquesa, Barrington Homes are frequently asked by our clients ‘When is the best time to invest in property in Duquesa?’ The answer of course is that no one really knows. What we do have indepth knowledge of are market trends, mortgage rates, property affordability, market forecasts and perhaps most importantly indepth local knowledge of the Duquesa area. With this knowledge we can advise clients on which developments in Duquesa are great buys, what property locations in Duquesa are great for rental income and the most important element in our opinion is matching our clients requirements to find them their perfect property. By considering this very important lifestyle choice our clients will always be happy with their property purchase whether they have bought for investment purposes, a holiday home or as a permanent residence.
Navigating the Duquesa Property Market
Are you thinking of ‘snapping up’ one of the many property bargains that can be found in Duquesa at the moment ? Are you unsure if now is the right time ? or what property you can get for your budget ? Here is the latest market news to help you;
Getting a Mortgage for Duquesa Property
It is currently well publicized that obtaining a mortgage in Spain in difficult. Gone are the days of easy finance. Banks are currently only willing to lend between 70 – 80% of the property purchase price and they also require numerous financial and employment documentation (including an Experian Credit report) in order for applicants to be successful. However, banks are seemingly recovering from the credit crunch and the number of new mortgages approved in July 2009 rose by 7.2% on the previous month. Their willingness to start lending again means that they are regaining confidence in the property market and applicants in a strong financial position are now more likely to secure the finance they require.
Euribor – Calculating the cost of your mortgage for buying a property in Duquesa
All mortgages offered by Spanish banks are based on the Euribor rate. This interest rate is applicable to all Spanish mortgages and the good news is that Euribor is hitting record lows every month this year ! Euribor is now a staggering 75% lower than it was this time last year leading to significantly more affordable mortgages being offered. Euribor is currently 1.334% and mortgage experts do not expect the rate to fall below 1%.
When to invest in Property in Duquesa ?
Property prices in Duquesa are on average at 7 year lows. Following the property boom in 2005-6 prices have fallen to the same levels of 2002. It is of course unclear when the property prices will rise again but industry experts predict prices will be well on the way to recovery by 2012. Barrington Homes have witnessed a steady increase in the return of property buyers in the Duquesa area all hoping to take advantage of the current pricing levels. Many clients have always wanted a property in the area but were previously unable to afford it. So, on the basis of a low Euribor, low property prices and the banks returning confidence in the property market now is one of the best times to invest in the area. As with any property purchase made for investment purposes Barrington Homes advise our clients to make a 7 to 10 year commitment to see the capital growth they would require. If you are interested in property in Duquesa contact Barrington Homes with your buying criteria and we can certainly find you a great value property that you will undoubtedly be very happy with. Taking the long term view property prices will significantly increase and in the mean time all you have to do is enjoy the property and the wonderful Duquesa area with its blue flag beaches, stunning Marina, international restaurants and championship golf courses……sounds great ?? It is !!
Thursday, September 3, 2009
Tuesday, August 4, 2009
Latest Duquesa Property Listings - Dont Miss Out !
With the Euribor Mortgage Rate falling and the Pound to Euro exchange rate creeping back up now could be the right time to make your move and snap up a holiday home here in Duquesa. Barrington Homes have several new property listings from bargain 2 bedroom apartments to Luxury Villas in Duquesa's exclusive hillside in Punta Paloma and Punta Chullera.
2 Bed apartment - Los Hidalgos 122,000 Euros
This 2 bedroom apartment is just a 2 minute walk to the beach and 5 minute walk to Puerto Duquesa marina. Los Hidalgos Golf is centred around a large pool and tropical gardens. This apartment represents superb value as it is within easy reach of the beach, bars and restaurants and enjoys sea and pool views.
2 Bedroom Apartment - Casares del Sol 125,000 Euros
Discounted Property in Casares del Sol. High Quality Property with stunning communal pool and gardens, underground parking and a store room. Enjoys a superb location near Casares Beach and Finca Cortesin Golf.
3 Bedroom Penthouse - Estrella de la Bahia. 210,000 Euros.
Spacious Penthouse with Stunning Sea views in Casares Costa. This 3 bedroom 3 bathroom Penthouse has 3 spacious terraces including a roof terrace. The property also benefits from private parking, communl gardens and a communal pool.
Swedish Made Wooden Villa. Punta Chullera 635,000 Euros.
Want something different ?? Look now further than this luxury Swedish Made wooden villa in Punta Chullera. The property is divided into 2 luxury indepentdant apartments each with the highest specification. The Sea views are breathtaking and the infinite pool means you can really live the dream !
If you want more information about any of these properties or you want Barrington Homes to find your ideal home in Duquesa contact us today at info@barringtonhomes.eu or call (0034) 610 975 057 or (0034) 952 936 216 weekdays 10am - 6pm.
2 Bed apartment - Los Hidalgos 122,000 Euros
This 2 bedroom apartment is just a 2 minute walk to the beach and 5 minute walk to Puerto Duquesa marina. Los Hidalgos Golf is centred around a large pool and tropical gardens. This apartment represents superb value as it is within easy reach of the beach, bars and restaurants and enjoys sea and pool views.
2 Bedroom Apartment - Casares del Sol 125,000 Euros
Discounted Property in Casares del Sol. High Quality Property with stunning communal pool and gardens, underground parking and a store room. Enjoys a superb location near Casares Beach and Finca Cortesin Golf.
3 Bedroom Penthouse - Estrella de la Bahia. 210,000 Euros.
Spacious Penthouse with Stunning Sea views in Casares Costa. This 3 bedroom 3 bathroom Penthouse has 3 spacious terraces including a roof terrace. The property also benefits from private parking, communl gardens and a communal pool.
Swedish Made Wooden Villa. Punta Chullera 635,000 Euros.
Want something different ?? Look now further than this luxury Swedish Made wooden villa in Punta Chullera. The property is divided into 2 luxury indepentdant apartments each with the highest specification. The Sea views are breathtaking and the infinite pool means you can really live the dream !
If you want more information about any of these properties or you want Barrington Homes to find your ideal home in Duquesa contact us today at info@barringtonhomes.eu or call (0034) 610 975 057 or (0034) 952 936 216 weekdays 10am - 6pm.
Wednesday, July 29, 2009
How to sell your property in Duquesa
How to sell your property in Duquesa
Choosing an Agent
The first stage in selling your property is deciding on who will be the best Duquesa Estate Agent for you. Spend some time reseaching the local agents to find out;
1. How your property will be marketed? ie Does the agent have a good website ? Do they have a high street office in Duquesa where your properties will be advertised?
2. What are the agency fees? The industry standard is 5% plus IVA. Some agents may charge more
3. Are there multilingual staff working at the agency? This will allow the agent to market to a wider clientele. In the cosmopolitan area of Duquesa this is very important as buyers come from a variety of countries.
Getting Prepared
Spanish Legal Requirements mean that agents must have certain documentation to market your property for sale. The Decree 218 requires that property owners provide the following;
1. Copy of your Escritura (Property Title deeds)
2. Copy of your Nota Simple (updated property information of your Title deeds)
3. Copy of Water and Electricity Bill
4. Copy of Community fees and proof of payment
5. Copy of last I.B.I payment
6. Copy of NIE or DNI identity document and Passport.
Don’t waste time - It is imperative that you have all these documents ready to give to your agent to ensure the marketing of your property isn’t unnecessarily delayed.
Planning a strategy
Discuss your personal situation regarding your objectives for selling your property in Duquesa with your agent. Each vendors situation is different for example if you require a quick sale then the price will have to be adjusted accordingly or if you want to achieve a certain price for your Duquesa property in order for you to sell ask your agent if this can be achieved. Remember to listen to the advice of your agent. They are the experts and are aware of local property market conditions in Duquesa and likely future market trends. Your agent is working for you to achieve your objectives so they will offer the best advice for your circumstances. They may also be able to suggest simple improvements that you can make to your property to improve its appeal.
Marketing
Your agent will visit your property to take photographs. Remember the vast majority of buyers who purchase property in Duquesa will view your property online before selecting to view it. Photographs are the main medium they have to form their views of your property in Duquesa and make an appointment to view it. It is therefore imperative that your property is looking its best for photographs. Ensure that your property is clean, clutter free and staged for photographs (see more details below about presenting your property)
Property Viewings
Buyers make their impressions and decisions on whether to buy your Duquesa property or not as they are viewing it. They also decide how much they are willing to pay should they choose to purchase your property. This is a critical point at which you can try to influence potential clients decisions by presenting your property in the most appealing way.
Viewings & Presenting your property
1. Cleanliness – It is imperative that your property is clean and clutter free. This will create an environment that is appealing to potential buyers.
2. Staging your property – By using a few simple staging props you can easily create a wonderful lifestyle impression for your property. By preparing the dinner table for a lavish event using wine glasses and high quality dinner services you create a great lifestyle impression to potential buyers. Make sure sunloungers and outdoor dining areas are well presented and clean. The outdoor space in your property is vital to most buyers. Show them how this space is best used. Stage the bedrooms and bathrooms with soft fabrics, clean linen and soft towels. This creates a wonderful homely feel and a superb lasting impression for buyers.
3. Pets – Not all buyers are pet lovers. If you have a dog ask someone to take it for a walk during the viewings. If this is not possible ensure dogs are under control and not left to bark or jump up at buyers. Remember dogs distract buyers, and especially dog lovers from carefully looking at your property.
4. Leave it to the Duquesa property experts – If you are present at viewings leave the viewing of the property and the talking to your agent. They are the experts, they know your property and they also have an established relationship with the client to know what sales approach best suits the client.
Keep in Contact with your agent
Keep in close contact with your agent to receive feedback after viewings. It will more than likely take several viewings before a buyer is found. Use viewings as an opportunity to receive feedback from your agent and you can learn on how to improve your property or modify your strategy for future viewings thus ensuring you are creating the best possible impression to potential buyers.
If you want to list your property for sale or want to any property advice contact Barrington Homes
Choosing an Agent
The first stage in selling your property is deciding on who will be the best Duquesa Estate Agent for you. Spend some time reseaching the local agents to find out;
1. How your property will be marketed? ie Does the agent have a good website ? Do they have a high street office in Duquesa where your properties will be advertised?
2. What are the agency fees? The industry standard is 5% plus IVA. Some agents may charge more
3. Are there multilingual staff working at the agency? This will allow the agent to market to a wider clientele. In the cosmopolitan area of Duquesa this is very important as buyers come from a variety of countries.
Getting Prepared
Spanish Legal Requirements mean that agents must have certain documentation to market your property for sale. The Decree 218 requires that property owners provide the following;
1. Copy of your Escritura (Property Title deeds)
2. Copy of your Nota Simple (updated property information of your Title deeds)
3. Copy of Water and Electricity Bill
4. Copy of Community fees and proof of payment
5. Copy of last I.B.I payment
6. Copy of NIE or DNI identity document and Passport.
Don’t waste time - It is imperative that you have all these documents ready to give to your agent to ensure the marketing of your property isn’t unnecessarily delayed.
Planning a strategy
Discuss your personal situation regarding your objectives for selling your property in Duquesa with your agent. Each vendors situation is different for example if you require a quick sale then the price will have to be adjusted accordingly or if you want to achieve a certain price for your Duquesa property in order for you to sell ask your agent if this can be achieved. Remember to listen to the advice of your agent. They are the experts and are aware of local property market conditions in Duquesa and likely future market trends. Your agent is working for you to achieve your objectives so they will offer the best advice for your circumstances. They may also be able to suggest simple improvements that you can make to your property to improve its appeal.
Marketing
Your agent will visit your property to take photographs. Remember the vast majority of buyers who purchase property in Duquesa will view your property online before selecting to view it. Photographs are the main medium they have to form their views of your property in Duquesa and make an appointment to view it. It is therefore imperative that your property is looking its best for photographs. Ensure that your property is clean, clutter free and staged for photographs (see more details below about presenting your property)
Property Viewings
Buyers make their impressions and decisions on whether to buy your Duquesa property or not as they are viewing it. They also decide how much they are willing to pay should they choose to purchase your property. This is a critical point at which you can try to influence potential clients decisions by presenting your property in the most appealing way.
Viewings & Presenting your property
1. Cleanliness – It is imperative that your property is clean and clutter free. This will create an environment that is appealing to potential buyers.
2. Staging your property – By using a few simple staging props you can easily create a wonderful lifestyle impression for your property. By preparing the dinner table for a lavish event using wine glasses and high quality dinner services you create a great lifestyle impression to potential buyers. Make sure sunloungers and outdoor dining areas are well presented and clean. The outdoor space in your property is vital to most buyers. Show them how this space is best used. Stage the bedrooms and bathrooms with soft fabrics, clean linen and soft towels. This creates a wonderful homely feel and a superb lasting impression for buyers.
3. Pets – Not all buyers are pet lovers. If you have a dog ask someone to take it for a walk during the viewings. If this is not possible ensure dogs are under control and not left to bark or jump up at buyers. Remember dogs distract buyers, and especially dog lovers from carefully looking at your property.
4. Leave it to the Duquesa property experts – If you are present at viewings leave the viewing of the property and the talking to your agent. They are the experts, they know your property and they also have an established relationship with the client to know what sales approach best suits the client.
Keep in Contact with your agent
Keep in close contact with your agent to receive feedback after viewings. It will more than likely take several viewings before a buyer is found. Use viewings as an opportunity to receive feedback from your agent and you can learn on how to improve your property or modify your strategy for future viewings thus ensuring you are creating the best possible impression to potential buyers.
If you want to list your property for sale or want to any property advice contact Barrington Homes
Friday, May 1, 2009
Buyers guide to buying a bargain property in Duquesa
Buyers guide to buying a bargain property in Duquesa
In todays market it may appear that all Spanish properties are for sale and all have incredible discounts and huge savings. This is in part true but the as a newcomer to the area or even a seasoned property investor it is difficult to know which way to turn.
When buying a property in Duquesa it is easy to become distracted by those properties with the lowest price or those that are advertised with massive discounts. However these examples don’t necessarily represent the best Duquesa property investments or genuine bargains.
There are no new secrets to buying a property in Duquesa but it is important to remind yourself of what is important to you the buyer i.e. why are you buying a property in Duquesa? Is it for holiday rentals? Is it to relocate to the area? Or are you simply looking to buy a discounted Duquesa property in the hope you will profit from future capital growth?
The 3 key elements to identifying a true bargain are LOCATION, QUALITY and PRICE. If a property scores high marks on all three of these criteria, then it starts to represent value for money, and therefore could be truly considered a Duquesa property bargain.
Great Duquesa property Locations:
If you are looking to buy a property for your own use for holidays or are looking to relocate to the Duquesa area the location question is not as easily answered in general terms as each individual will have different requirements e.g. quiet location or walking distance to amenities. What is important here is to visit the property on several occasions and at different times of the day so you have a clear picture of what it may be like to live there.
Should you want to buy a property for holiday rentals or investment the question of location is vital. Many agents many tell you what a great holiday rental properties all properties are and how much money you can make per year. All this information will sound very appealing and a ‘no brainer’ to buy the property. Unfortunately in my experience some of these agents have no experience in the rental property field and are not giving you accurate rental figures nor correct guidance. By choosing an experienced and knowledgeable Duquesa Estate agent such as Barrington Homes you can benefit from their years of property rental experience and be shown select properties that we know will generate a good rental income for you and as such be a sound property investment. There are only very few developments in the area that will generate a good rental income and it is vital to seek professional advise from Barrington Homes when making your decision.
Quality Duquesa Properties
Fortunately the majority of properties in Duquesa are generally of a good standard. It is also relatively easy and cost effective to make any minor cosmetic property changes should you wish to do so. An important point which is often overlooked is the quality of the urbanization to which the property may belong. A well run, well maintained, attractive urbanization is often a key contributing factor to resale prices and property resale values. It is important to find out how much the community fees are for the property and also the urbanizations future plans, maintenance schedules etc.
Duquesa Property Prices
Don’t be misled by attractive discounts by Duquesa property developers or estate agents advertising. Although these are genuine discounts from previous prices you are advised to do your homework to find out other property prices in the development or how much the properties sold for in previous years to get an idea of what the potential price of the property will be in future years. This will give you a clear guide of the value for money you are being offered.
The first step in buying a property in Duquesa
After reviewing the above points you can inform your Estate Agent of your requirements. At Barrington Homes we like to have as much information as possible about our clients buying requirements so we can ensure we are finding them the perfect match at the best price and in their ideal location. If you are considering purchasing a property in Duquesa contact Barrington Homes. By informing us of your criteria (Budget, property requirements, and reason for buying the property) we can then proceed to find you a great property using our extensive property database and also years of knowledge we have by living and working in Duquesa.
We look forward to hearing from you. For further advice and guidance contact us on(0034) 952 936 216 or email info@barringtonhomes.eu
In todays market it may appear that all Spanish properties are for sale and all have incredible discounts and huge savings. This is in part true but the as a newcomer to the area or even a seasoned property investor it is difficult to know which way to turn.
When buying a property in Duquesa it is easy to become distracted by those properties with the lowest price or those that are advertised with massive discounts. However these examples don’t necessarily represent the best Duquesa property investments or genuine bargains.
There are no new secrets to buying a property in Duquesa but it is important to remind yourself of what is important to you the buyer i.e. why are you buying a property in Duquesa? Is it for holiday rentals? Is it to relocate to the area? Or are you simply looking to buy a discounted Duquesa property in the hope you will profit from future capital growth?
The 3 key elements to identifying a true bargain are LOCATION, QUALITY and PRICE. If a property scores high marks on all three of these criteria, then it starts to represent value for money, and therefore could be truly considered a Duquesa property bargain.
Great Duquesa property Locations:
If you are looking to buy a property for your own use for holidays or are looking to relocate to the Duquesa area the location question is not as easily answered in general terms as each individual will have different requirements e.g. quiet location or walking distance to amenities. What is important here is to visit the property on several occasions and at different times of the day so you have a clear picture of what it may be like to live there.
Should you want to buy a property for holiday rentals or investment the question of location is vital. Many agents many tell you what a great holiday rental properties all properties are and how much money you can make per year. All this information will sound very appealing and a ‘no brainer’ to buy the property. Unfortunately in my experience some of these agents have no experience in the rental property field and are not giving you accurate rental figures nor correct guidance. By choosing an experienced and knowledgeable Duquesa Estate agent such as Barrington Homes you can benefit from their years of property rental experience and be shown select properties that we know will generate a good rental income for you and as such be a sound property investment. There are only very few developments in the area that will generate a good rental income and it is vital to seek professional advise from Barrington Homes when making your decision.
Quality Duquesa Properties
Fortunately the majority of properties in Duquesa are generally of a good standard. It is also relatively easy and cost effective to make any minor cosmetic property changes should you wish to do so. An important point which is often overlooked is the quality of the urbanization to which the property may belong. A well run, well maintained, attractive urbanization is often a key contributing factor to resale prices and property resale values. It is important to find out how much the community fees are for the property and also the urbanizations future plans, maintenance schedules etc.
Duquesa Property Prices
Don’t be misled by attractive discounts by Duquesa property developers or estate agents advertising. Although these are genuine discounts from previous prices you are advised to do your homework to find out other property prices in the development or how much the properties sold for in previous years to get an idea of what the potential price of the property will be in future years. This will give you a clear guide of the value for money you are being offered.
The first step in buying a property in Duquesa
After reviewing the above points you can inform your Estate Agent of your requirements. At Barrington Homes we like to have as much information as possible about our clients buying requirements so we can ensure we are finding them the perfect match at the best price and in their ideal location. If you are considering purchasing a property in Duquesa contact Barrington Homes. By informing us of your criteria (Budget, property requirements, and reason for buying the property) we can then proceed to find you a great property using our extensive property database and also years of knowledge we have by living and working in Duquesa.
We look forward to hearing from you. For further advice and guidance contact us on(0034) 952 936 216 or email info@barringtonhomes.eu
Wednesday, April 29, 2009
Duquesa Property - Alternative Investment opportunities !
Duquesa latest property deals and best buys. Why is now a great time to invest ?
It is common knowledge that the interest rates previously offered by banks are no longer available. People who have saved for years to generate a good income from their savings are now finding they have to live on a pittance compared previous years. So, whats the solution ? With share prices also on the decline the only plausable answer is to invest in property. Many people will be incredibly reluctant to do so given media reports and general 'horror stories' published for media hype rather than reviewing the laws and the actual facts. So why invest now......
Now in 2009 as Duquesa property prices are tumbling it is the perfect opportunity to purchase a property bargain in Duquesa. Property prices are lower than the previous highs of recent years meaning there is generous scope for capital growth and rental property is in demand due to the lack of financing options from banks meaning not many people can afford to buy a property.
Can you think outside the box ? - Buying Property in Duquesa
Purchasing property in Duquesa now may be considered as a bold move to many people. However as Duquesa Estate Agents we see an influx of investors return to the market looking to buy a discounted property in Duquesa and make the most of the superb rental yields achievable in todays market. It is these bold investors who realise their property dreams of making thousands on capital increase in their property and also enjoying healthy rental returns. So, if they can do it why cant you ? Most people listen to the media hype without actually analysing the facts about property investments. Below you will see some facts that speak for themselves !
Property Investment facts:
In 2009 a selection of properties have been discounted by up to 40% on prices in early 2008 meaning there is a incredible potential capital growth in future years !
Rental yields in 2007/8 (when buyer confidence was high!) were lower than yields of investing in shares or high interest bank accounts. Now rental yields are up to 7% which certainly can not be matched by any other form of investing at the moment!
Latest Duquesa Property Bargains
2 bedroom Apartment, Marina del Castillo, Duquesa. Reduced to 250,000€. Fully Furnished. Yearly rental income of 12,000€. Rental yield of 4.8%. Marina del Castillo is the most exclusive and recently completed development in Duquesa. This luxury development has numerous desirable facilities including a 24hr security, communal pool, sauna and expansive terraced gardens. Every apartment is also fitted with a state of the art home automation system, a hydro bath, hydro massage shower, hot and cold air conditioning. Marina del Castillo properties have also been finished to the highest specification including marble walls, floors and bathroom suites. This Marina del Castillo 2 bedroom, 2 bathroom apartment has a spacious covered terrace that overlooks the pool area. The property is furnished to a high standard and is a very desirable and comfortable property. Marina del Castillo is within a very short, flat walking distance to all amenities including Puerto Duquesa marina, Castillo village, Sabinillas town and of course Duquesa Beach is directly infront of Marina del Castillo.
2 bed Penthouse, Pueblo Camelot. Reduced to 125,000€. Yearly rental return of 6000€. Rental yield of 6.7%
Pueblo Camelot is a gated community and has communal pool and parking. The communal gardens in this urbanisation are very striking and possibly the best in the area for foliage and palm trees. The development enjoys an elevated position and as such the views from the property are of Duquesa Golf, the Mediterranean Sea and internally to the communal gardens. Internally this 2 bedroom Pueblo Camelot Penthouse is a of a good size, is well distributed and has two good size bedrooms. The master bedroom also has a small balcony which is accessed by double patio doors. The property is light and a sense of additional space is created by the open aspect from the kitchen to the lounge area. This penthouse apartment is located in a corner position within the development and has beautiful views from the private terrace.
If you are interested in these or any other properties for sale in Duquesa contact Barrington Homes on info@barringtonhomes.eu
It is common knowledge that the interest rates previously offered by banks are no longer available. People who have saved for years to generate a good income from their savings are now finding they have to live on a pittance compared previous years. So, whats the solution ? With share prices also on the decline the only plausable answer is to invest in property. Many people will be incredibly reluctant to do so given media reports and general 'horror stories' published for media hype rather than reviewing the laws and the actual facts. So why invest now......
Now in 2009 as Duquesa property prices are tumbling it is the perfect opportunity to purchase a property bargain in Duquesa. Property prices are lower than the previous highs of recent years meaning there is generous scope for capital growth and rental property is in demand due to the lack of financing options from banks meaning not many people can afford to buy a property.
Can you think outside the box ? - Buying Property in Duquesa
Purchasing property in Duquesa now may be considered as a bold move to many people. However as Duquesa Estate Agents we see an influx of investors return to the market looking to buy a discounted property in Duquesa and make the most of the superb rental yields achievable in todays market. It is these bold investors who realise their property dreams of making thousands on capital increase in their property and also enjoying healthy rental returns. So, if they can do it why cant you ? Most people listen to the media hype without actually analysing the facts about property investments. Below you will see some facts that speak for themselves !
Property Investment facts:
In 2009 a selection of properties have been discounted by up to 40% on prices in early 2008 meaning there is a incredible potential capital growth in future years !
Rental yields in 2007/8 (when buyer confidence was high!) were lower than yields of investing in shares or high interest bank accounts. Now rental yields are up to 7% which certainly can not be matched by any other form of investing at the moment!
Latest Duquesa Property Bargains
2 bedroom Apartment, Marina del Castillo, Duquesa. Reduced to 250,000€. Fully Furnished. Yearly rental income of 12,000€. Rental yield of 4.8%. Marina del Castillo is the most exclusive and recently completed development in Duquesa. This luxury development has numerous desirable facilities including a 24hr security, communal pool, sauna and expansive terraced gardens. Every apartment is also fitted with a state of the art home automation system, a hydro bath, hydro massage shower, hot and cold air conditioning. Marina del Castillo properties have also been finished to the highest specification including marble walls, floors and bathroom suites. This Marina del Castillo 2 bedroom, 2 bathroom apartment has a spacious covered terrace that overlooks the pool area. The property is furnished to a high standard and is a very desirable and comfortable property. Marina del Castillo is within a very short, flat walking distance to all amenities including Puerto Duquesa marina, Castillo village, Sabinillas town and of course Duquesa Beach is directly infront of Marina del Castillo.
2 bedroom apartment, Marina de la Duquesa. Reduced to 219,000€. Fully Furnished. 15,000€ yearly rental returns. Rental yield of 6.8% This fantastic 2 bedroom ground floor apartment is located in the sought after development of Marina de la Duquesa located next to Puerto Duquesa Marina. Numerous facilities can be enjoyed including a gym, Sauna, paddle tennis and 4 large communal pools all within the secure and spacious gardens. This property has been custom designed to a high specification and boasts a superb unique layout. The property benefits from hot and cold air conditioning, heated towel rails and sky television. The property is well presented and perhaps the best feature is the south facing terrace which overlooks the pool area and has direct access to the gardens. This property is a perfect holiday home and ideal rental investment. Viewing is very highly recommended to appreciate the location, views, internal quality and space in this apartment.
2 bed Penthouse, Pueblo Camelot. Reduced to 125,000€. Yearly rental return of 6000€. Rental yield of 6.7%Pueblo Camelot is a gated community and has communal pool and parking. The communal gardens in this urbanisation are very striking and possibly the best in the area for foliage and palm trees. The development enjoys an elevated position and as such the views from the property are of Duquesa Golf, the Mediterranean Sea and internally to the communal gardens. Internally this 2 bedroom Pueblo Camelot Penthouse is a of a good size, is well distributed and has two good size bedrooms. The master bedroom also has a small balcony which is accessed by double patio doors. The property is light and a sense of additional space is created by the open aspect from the kitchen to the lounge area. This penthouse apartment is located in a corner position within the development and has beautiful views from the private terrace.
If you are interested in these or any other properties for sale in Duquesa contact Barrington Homes on info@barringtonhomes.eu
Friday, April 17, 2009
Duquesa Property Reposessions
Duquesa Property Repossessions
Property Repossession Myths
Numerous clients have approached Barrington Homes to enquire about repossession properties hoping to acquire an incredible property and an incredible price. Understandably clients believe that the opportunities to buy these properties exist here in Spain using the same system as in their own country. In Spain the process of purchasing these properties is lengthy and often unpredictable due to the complicated legal and auction systems that are intertwined with buying a repossession property in Spain.
The current situation
The global credit crises has of course had the same brutal effects to the Spanish property market as in other countries leading to numerous property repossessions by Spanish banks. Some banks are now offering lists of available properties to selected agents. Barrington Homes have received numerous lists of Duquesa property repossessions but as yet have not seen any property bargains in Duquesa. The banks are of course looking to recoup the debt they have on the property i.e. resell it for the same amount as the mortgage value. This is theory sounds like you could buy great property bargain in Duquesa. However due to previous loan to value mortgages being offered at up to 100% of the property value during the property boom banks now have a debt on the property which is way in excess of current resale prices. For example Barrington Homes have property repossessions in Casares del Sol for 195,000€ whereas already listed for resale are identical properties in Casares del Sol for 135,000€ a staggering 60,000€ cheaper !
Duquesa Property Repossessions - The future
Banks in Duquesa are now considering the idea of reducing the asking prices of repossession properties to make them more attractive to buyers. This will come into affect when the banks repossession stocks mount and the bank needs to remove the debt from their balance sheet. When this happens Barrington Homes clients will have the option to purchase Duquesa repossession property at much cheaper prices than we are currently seeing. If you are interested in having access to Duquesa repossession email info@barringtonhomes.eu with your property criteria.
The repossession buying process
Buying Duquesa repossession property is not an easy process and may possibly take many months if not years to finalise depending on the legal stage the repossession is at. When buying a repossession property you are effectively buying the debt from the bank with the 1st option to purchase the property which is granted at the end of the legal process when all other avenues are exhausted to recover the debt. The bank also do not offer a financing options for this purchase and as such buyers are required to have 100% of the purchase costs to buy the debt. So, if you have the patience, cash and are able to act quickly a Duquesa property repossession could be yours ! To be added to our mailing list log onto www.BarringtonHomes.eu and sign up to our newsletters.
Property Repossession Myths
Numerous clients have approached Barrington Homes to enquire about repossession properties hoping to acquire an incredible property and an incredible price. Understandably clients believe that the opportunities to buy these properties exist here in Spain using the same system as in their own country. In Spain the process of purchasing these properties is lengthy and often unpredictable due to the complicated legal and auction systems that are intertwined with buying a repossession property in Spain.
The current situation
The global credit crises has of course had the same brutal effects to the Spanish property market as in other countries leading to numerous property repossessions by Spanish banks. Some banks are now offering lists of available properties to selected agents. Barrington Homes have received numerous lists of Duquesa property repossessions but as yet have not seen any property bargains in Duquesa. The banks are of course looking to recoup the debt they have on the property i.e. resell it for the same amount as the mortgage value. This is theory sounds like you could buy great property bargain in Duquesa. However due to previous loan to value mortgages being offered at up to 100% of the property value during the property boom banks now have a debt on the property which is way in excess of current resale prices. For example Barrington Homes have property repossessions in Casares del Sol for 195,000€ whereas already listed for resale are identical properties in Casares del Sol for 135,000€ a staggering 60,000€ cheaper !
Duquesa Property Repossessions - The future
Banks in Duquesa are now considering the idea of reducing the asking prices of repossession properties to make them more attractive to buyers. This will come into affect when the banks repossession stocks mount and the bank needs to remove the debt from their balance sheet. When this happens Barrington Homes clients will have the option to purchase Duquesa repossession property at much cheaper prices than we are currently seeing. If you are interested in having access to Duquesa repossession email info@barringtonhomes.eu with your property criteria.
The repossession buying process
Buying Duquesa repossession property is not an easy process and may possibly take many months if not years to finalise depending on the legal stage the repossession is at. When buying a repossession property you are effectively buying the debt from the bank with the 1st option to purchase the property which is granted at the end of the legal process when all other avenues are exhausted to recover the debt. The bank also do not offer a financing options for this purchase and as such buyers are required to have 100% of the purchase costs to buy the debt. So, if you have the patience, cash and are able to act quickly a Duquesa property repossession could be yours ! To be added to our mailing list log onto www.BarringtonHomes.eu and sign up to our newsletters.
Wednesday, April 15, 2009
Duquesa Estate Agents Closing !
Many Duquesa Estate Agents have closed !
Of the 80,000 real estate agents in Spain in the summer of 2006 just 25,000 are still in business. That means that 70% of estate agents have closed in the property crash. Industry experts also forecast that another 5,000, or 20%, will close in 2009, leaving just 20,000 Estate agents in business in Spain. Many of the Duquesa estate agents that have closed were perhaps less professional or less serious agents, of course this does not apply to all agencies that have closed but the end result is a more reputable and professional Real Estate industry in the Duquesa Area. To many reputable Duquesa Estate agents these closures have resulted in the remaining agents are pleased to see those less reputable agents closing which in turn will provide a better quality of service and professionalism to those now looking to buy in the area.
What does this mean for prospective buyers ?
Many people are now returning to the area looking to invest in property in Duquesa. The economic recession has resulted in a dramatic decrease in property prices in Duquesa making now a very attractive time to invest in property in the area. Barrington Homes first opened their doors in 2003. By growing the business slowly and with good ethics we are surviving this downturn where many other agents have failed. Our high street location allows us to offer our clients a professional environment, great high street presence for advertising and we are available to attend to clients. Buyers and vendors alike can expect a great service, efficiency and clarity with all aspects of the sales process.
Those interested in buying property in Duquesa can select Barrington Homes as their Estate agents in confidence as they will have access to not only our portfolio of properties but also those of many other agents in this area. This means we can match their buying criteria with as much precision as possible at the best possible prices.
As a buyer this is vital as you are investing in what may be an area you are unfamiliar with and even if buyers carry out extensive research it is often a good agent that will lead you to the best properties at the best prices. In essence by choosing a reputable and established Duquesa Estate Agent such as Barrington Homes you will ensure you are making the best possible purchase in the current market.
Anyone interested in property in Duquesa can contact Barrington Homes on (0034) 952 936 216 or email info@barringtonhomes.eu
Of the 80,000 real estate agents in Spain in the summer of 2006 just 25,000 are still in business. That means that 70% of estate agents have closed in the property crash. Industry experts also forecast that another 5,000, or 20%, will close in 2009, leaving just 20,000 Estate agents in business in Spain. Many of the Duquesa estate agents that have closed were perhaps less professional or less serious agents, of course this does not apply to all agencies that have closed but the end result is a more reputable and professional Real Estate industry in the Duquesa Area. To many reputable Duquesa Estate agents these closures have resulted in the remaining agents are pleased to see those less reputable agents closing which in turn will provide a better quality of service and professionalism to those now looking to buy in the area.
What does this mean for prospective buyers ?
Many people are now returning to the area looking to invest in property in Duquesa. The economic recession has resulted in a dramatic decrease in property prices in Duquesa making now a very attractive time to invest in property in the area. Barrington Homes first opened their doors in 2003. By growing the business slowly and with good ethics we are surviving this downturn where many other agents have failed. Our high street location allows us to offer our clients a professional environment, great high street presence for advertising and we are available to attend to clients. Buyers and vendors alike can expect a great service, efficiency and clarity with all aspects of the sales process.
Those interested in buying property in Duquesa can select Barrington Homes as their Estate agents in confidence as they will have access to not only our portfolio of properties but also those of many other agents in this area. This means we can match their buying criteria with as much precision as possible at the best possible prices.
As a buyer this is vital as you are investing in what may be an area you are unfamiliar with and even if buyers carry out extensive research it is often a good agent that will lead you to the best properties at the best prices. In essence by choosing a reputable and established Duquesa Estate Agent such as Barrington Homes you will ensure you are making the best possible purchase in the current market.
Anyone interested in property in Duquesa can contact Barrington Homes on (0034) 952 936 216 or email info@barringtonhomes.eu
Monday, April 13, 2009
Latest Duquesa Property Prices & Falling Euribor !
Latest Housing Price Reports
The Spanish Network of Property Experts (Red de Expertos Inmobiliarios) new report indicates that Spanish property prices could fall up to 40% on certain types of property this year. The fall in buyer demand has reached historic lows which creates pressure on vendors to reduce their pricing. The report also highlights that the severe restrictions on mortgages will mean that the market will not begin to recover until next year. Then it will only return with slow growth.Credit Suisse also argues that Spanish housing prices are not sustainable as they are currently 7.2 times household earnings with many families spending between 60 – 70% of their income on mortgage repayments.
Mortgage Rates Reach a Record Low
Euribor, the interest rate normally used to calculate mortgage payments in Spain, fell from 2.1% in February to 1.909% in March 2009, a change of -10.6%. Euribor has never been this low, and is almost 60% below a year ago. This means anyone looking to buy a new property should enjoy lower interest rates and for buy to let investors this means more potential profits. Anyone with a mortgage or looking to get one should be aware that not all mortgages track Euribor with monthly changes. Some policies rate changes are reflected every 6 months or even yearly which means the benefits of a falling Euribor may not be felt for some time.
Property Prices in Duquesa, Manilva
Barrington Homes, Duquesa Estate Agents, have witnessed a dramatic fall in property prices of between 30 – 40% depending on the location and type of property over the last 9 months. The dramatic drop in the property prices are generally due to the economic downturn with vendors unable to pay mortgages on second properties and also vendors looking to return to the UK due to the fall in the pound.
For example 2 bedroom apartments are now available from 125,000€ compared with a price of 220,000€ 12 months ago. Barrington Homes have 3 bedroom townhouses priced from 143,500€ compared with an asking price of 235,000€ 12 months ago. Villa prices are also seeing dramatic falls with private villas with pools available from 375,000€.With bank and government combined efforts to boost the economy the property downturn is predicted to last for only another 12 months. After this investors should see a slow yet steady climb to near previous highs within 5 to 7 years making buying property in Duquesa a very attractive proposition indeed.
Barrington Homes have discounted apartment in selected developments with yearly rental returns of between 4 – 6% with compared to current bank interest rates is very attractive. Apply for an Investor Pack by emailing info@barringtonhomes.eu
Clearly for the shrewd investor there are potential profits of thousands to be made. However with bank lending criteria becoming increasingly tighter these opportunities are only available to those who can afford a high percentage capital outlay or who have a high income to borrowing ratio. If you are unsure if you meet this criteria then contact a sales advisor on 0034 952 936 216 or email info@barringtonhomes.eu
The Spanish Network of Property Experts (Red de Expertos Inmobiliarios) new report indicates that Spanish property prices could fall up to 40% on certain types of property this year. The fall in buyer demand has reached historic lows which creates pressure on vendors to reduce their pricing. The report also highlights that the severe restrictions on mortgages will mean that the market will not begin to recover until next year. Then it will only return with slow growth.Credit Suisse also argues that Spanish housing prices are not sustainable as they are currently 7.2 times household earnings with many families spending between 60 – 70% of their income on mortgage repayments.
Mortgage Rates Reach a Record Low
Euribor, the interest rate normally used to calculate mortgage payments in Spain, fell from 2.1% in February to 1.909% in March 2009, a change of -10.6%. Euribor has never been this low, and is almost 60% below a year ago. This means anyone looking to buy a new property should enjoy lower interest rates and for buy to let investors this means more potential profits. Anyone with a mortgage or looking to get one should be aware that not all mortgages track Euribor with monthly changes. Some policies rate changes are reflected every 6 months or even yearly which means the benefits of a falling Euribor may not be felt for some time.
Property Prices in Duquesa, Manilva
Barrington Homes, Duquesa Estate Agents, have witnessed a dramatic fall in property prices of between 30 – 40% depending on the location and type of property over the last 9 months. The dramatic drop in the property prices are generally due to the economic downturn with vendors unable to pay mortgages on second properties and also vendors looking to return to the UK due to the fall in the pound.
For example 2 bedroom apartments are now available from 125,000€ compared with a price of 220,000€ 12 months ago. Barrington Homes have 3 bedroom townhouses priced from 143,500€ compared with an asking price of 235,000€ 12 months ago. Villa prices are also seeing dramatic falls with private villas with pools available from 375,000€.With bank and government combined efforts to boost the economy the property downturn is predicted to last for only another 12 months. After this investors should see a slow yet steady climb to near previous highs within 5 to 7 years making buying property in Duquesa a very attractive proposition indeed.
Barrington Homes have discounted apartment in selected developments with yearly rental returns of between 4 – 6% with compared to current bank interest rates is very attractive. Apply for an Investor Pack by emailing info@barringtonhomes.eu
Clearly for the shrewd investor there are potential profits of thousands to be made. However with bank lending criteria becoming increasingly tighter these opportunities are only available to those who can afford a high percentage capital outlay or who have a high income to borrowing ratio. If you are unsure if you meet this criteria then contact a sales advisor on 0034 952 936 216 or email info@barringtonhomes.eu
Monday, March 9, 2009
Devastating property crash or unique investment opportunity ?
As international property prices fall, buyer confidence at a low and banks tightening up on mortgage lending is it still possible to ‘bag a property bargain’ in Spain ?
Lets look at the facts:
3% fall in property prices in the 4th quarter of 2008: The mix of figures released by the Spanish Government and various official bodies can easily lead to confusion. The Spanish housing ministry have reported that year on year figures show only a 3% fall in property prices in the 4th quarter of 2008. However, I think it is very clear that the real figure is considerably greater than this. Many Estate Agents believe that the actual figure may be up to 35% from the highs of 2006/7.
Property transactions have fallen by 30%: This government statistic does not take into account property completions of new properties due to the long lead time of most new developments. However it is a clear indicator or buyer confidence in the Spanish property market which is obviously compounded by the international economic recession.
Mortgage lending has also fallen by 45%: Spanish banks have heavily reduced mortgage lending in 2008/9 due to international banking crisis spreading extreme prudence throughout the major Spanish banks. Some banks have even recently reported a complete halt in mortgage lending for any new clients!
Good News for Investors ?
Considering the aforementioned facts some savvy investors are already returning to purchase property in the Duquesa area. The significant fall in property prices now mean that property affordability (based on income to mortgage repayment ratios) is comparable to those at the start of the boom in the mid-nineties.
The weak pound has also meant that Spanish property owners who wish to return to the UK are greatly reducing their asking price meaning superb opportunities to buy heavily reduced property are now available.
For those in a strong financial position banks are willing to give mortgages and with the recent fall in the Euribor to 2.1% mortgage repayments will now be on average 200 Euros less per month. The drop in the Euribor make the rate return to its lowest since June 2005.
For those fortunate enough to be cash rich and looking for an opportunity for a profitable long term investment Duquesa now presents itself as a wonderful option. With savings interest rates being at a pitiful amount and uncertainty and record lows in the stock market people are returning to property as a viable long term investment as well as seeing an immediate return through good rental returns. At Barrington Homes we have 2 bedroom apartments from as little as 135,000€, 3 bedroom townhouses from 143,500€, 4 bedroom properties from 225,000€ and private villas from 400,000€. To keep up to date with the latest property news and bargains sign up to our News Letter or email Barrington Homes at info@barringtonhomes.eu
Barrington Homes are reporting an increase in property purchase enquiries as well as investor confidence quietly returning for those looking to take advantage of the low property prices and general feeling that savvy buyers can make very shrewd investments previously unheard of in recent years.
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