BUY UP A SLICE OF THE SUN; PROPERTY UPDATE While Bulgaria and Even Mongolia Are Becoming Choice Areas to Invest in, You Can't Beat the Traditional Spanish Villa, Writes Marsya Lennox

The Birmingham Post (England), May 25, 2007 | Go to article overview

BUY UP A SLICE OF THE SUN; PROPERTY UPDATE While Bulgaria and Even Mongolia Are Becoming Choice Areas to Invest in, You Can't Beat the Traditional Spanish Villa, Writes Marsya Lennox


Byline: Marsya Lennox

The boom time may be over - but buyers are still investing in Spanish property.

As nervous types recoil at the recent horror stories of nightmare purchases and dodgy dealing, developers are keen to provide assurance, and the message is that Spain is as safe as houses - providing you do your homework.

"We've had many recent queries from our customers worried about the current market in Spain and whether buying there is a sound investment," says Victor Sague, sales and marketing director for Taylor Woodrow de Espana. "The recent news of a potential property price crash couple with the horror stories of illegal building practices and land grabbing, has understandably unsettled those looking to buy there."

After years of boom, and rising values, prices were now evening off. But demand for new homes was still high, from Spaniards and foreign investors.

"There are still good long term investment opportunities to be had if you do your homework.

"Despite the doom and gloom that's currently cast over Spain, it still remains a beautiful country with plenty of good long term investment opportunities.

"House hunters just need to make sure they exercise more caution when it comes to who they buy from, where they buy and how much they pay," added Victor.

Taylor Woodrow remains the only major UK housebuilder in Spain, where it has been building homes for nearly 50 years.

Information on its sales services in the UK and Spain are available on the company website www.taylorwoodrow.es or from the local office, 0121 600 8961.

CASE STUDY

HR manager Linda Whipps, from Solihull, and her husband Phil, spent six years thinking about buying in Spain.

They knew what they would like but they were nervous about taking the plunge.

They did plenty of research on locations and the property types on offer, but they found it difficult choosing agents and developers.

"My husband and I had been looking for a property on the Costa del Sol that fitted a number of criteria and we wanted to make sure we did the right research and made the right choice," says Linda.

They eventually found themselves looking at Taylor Woodrow's portfolio of homes in the region.

First they took part in a "lifestyle" visit to the Los Arqueros development near Marbella.

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BUY UP A SLICE OF THE SUN; PROPERTY UPDATE While Bulgaria and Even Mongolia Are Becoming Choice Areas to Invest in, You Can't Beat the Traditional Spanish Villa, Writes Marsya Lennox
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