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Tag: Development

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Published on 2 Comments on Fantastic New Home Development in Rincón de la Victoria, Málaga

2 or 3 bedrooms, Swimming-pool, Seaside Resort, Gardens, Storeroom, In a mountain area

The residential complex La Zenaida is an exclusive promotion located in one of the Costa del Sol’s most beautiful natural landscapes, in the touristic municipality of Rincón de la Victoria , just 10 minutes from Málaga centre.

Composed of 67 homes of 2 or 3 bedrooms, constructed with the finest materials, spacious common areas for leisure and entertainment and marvelous sea views.

The complex was designed and constructed for special people in search of the peace and tranquility which big cities are unable to offer.

A luxurious lifestyle is at your fingertips.

Prices from 145,000 € to 195,000 €.

For more information click on the following link: Complejo Residencial La Zenaida

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Published on 2 Comments on Unfinished Development in Estepona Goes Up for Auction

It is now several years since the property bubble burst and it has taken several other sectors with it, resulting in situations that would have been unthinkable years ago. One of these is the Golf Hills Village development which is only 95 per cent completed, but which has now been put to auction. It is the first time in Spain that this has occurred with an unfinished development, but the situation is not as exceptional as it may seem. Since the year 2000 golf hills villageBNP Paribas Real Estate, which is handling the transaction, has carried out 148 auctions involving 11,800 properties and a figure of more than 500 million euros. The auction will have a reserve price of 7.3 million euros and those interested will have to make sealed bids for amounts higher than this in front of a notary. The bids will be opened on March 18th and the highest bidder will be able to take over the apartments and sell them on, or make whatever use of them they may wish.

The owner of the development is the Midamarta company, which is part of Caja Castilla la Mancha. This company began to acquire properties from the bank but they were transferred to the Fondo de Garantía de Depósitos de Entidades de Crédito (FGC) after the Bank of Spain intervened in the savings bank, towards the cost of the 1,300 million euros that had been used to save it.
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Published on Leave a comment on Feng Shui Used To Attract Asian Buyers to Spain

A Spanish developer has come up with a novel way of increasing property sales by building a new project with Chinese style buildings aimed specifically at Asian buyers.

Grupo MAIN has unveiled its development of 22 homes in Fuenlabrada, an industrial suburb 17 miles south of Madrid, that is built in a Chinese style courtyard with pavilion, ponds and an entrance gate topped with a roof reminiscent of a Far Eastern temple.

‘The Chinese have a saying; crisis is synonymous with opportunity. We’re building for the Chinese because they are a very wealthy community in Spain and the rest of the world,’ explained Jose Parra, chief executive of the Spanish developer.

His company believes that expat Chinese will want to buy the homes designed using feng shui, a system designed to maximise positive energy flow. It has been known for Chinese buyers to reject a property on the advice of feng shui practitioners.
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