Spanish golf property losing its premium price tag

Thursday, March 08, 2012

Spanish golf property losing its premium price tag

Prime golf property in Spain is now more affordable than ever, with fairway facing homes now within reach of many overseas property investors, according to one Spanish agent.

Adam Cornwell, Managing Director of Feltrim International comments: “As Spain struggles to cope with the collapse of its construction industry; many properties now lie in the hands of the banks. Whilst many are below par at best, there are some genuine top quality homes within their stock including golf-front... with 110% mortgages reappearing on bank-owned developments, prime golf property is within reach once again.”

And golf-front property offers plenty of perks, including discounted green fees or rights of play, protected attractive green views, a well-maintained community, gated access and security, additional on-site leisure and social facilities and enhanced potential for rental income as golf continues to grow in popularity as a sport.

Feltrim are selling Spanish golf property in the resort of Los Flamingos just to the west of Puerto Banús. Clients are able to take advantage of a specially negotiated 110% mortgage, to cover all closing costs, and take two years interest-only repayment terms with rates from as low as 0.25% plus Euribor – all for just a 2% commitment fee. Key-ready furniture packages are also available. Prices start from 238,000 euros (approx 198,500 GBP) for a two bedroom two bathroom apartment.

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