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 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

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.

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

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