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Originally Posted by martinm
 hi , anyone bought on this development? info please.
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I haven't, but I after reading researching and reading through forums, I have noticed that the Costa Del Sol province has boomed in the last few years, is now over priced, there is an over supply, and prices are already starting to fall.
I am investing in the Jardin De Los Reyes development
Jardín de los Reyes . As you will never see a ROI like this as you are purchasing in such an early stage. I have done my own due diligence on this development and and using my own lawyer. There are so many factors that makes this such a good investment. But personally, the main reasons for my purchase are:-
- 300 900m2 plots have already been sold in months for 65,000 Euros.
- It will be one of the biggest developments (11,000,000m2)
- It has unique facilities such as an Olympic stadium, 24 hole golf course, open air amphitheater, commercial center, and allot more
- In an is very close proximities to major cities like Albacete, Valencia, & Alicante
- There will be a high speed train station right next the development on the line that will link Madrid, Valencia, Alicante, and Murcia ( Prices have appreciated on areas where a station have been established )
- "Property prices in regions and municipalities with new high-speed connections to Madrid inevitably surge to reflect the value of being a part of Madrid's commuter belt. In 2005 property prices rose by 18.2% in Albacete"
Spanish Property Insight - everything you need to know about property in Spain
- Another developer has already been
illegally selling smaller plots in a small development
Torre Grande Golf for 200,000 Euros close to Jardin De Los Reyes. Now with Torre Grande Golf, the developer states that he already has building permits, but he does not. I asked for a building license without success and you can also ask the town council and they will tell you the same thing. This developer won't get approval as he doesn't even own the land! Very Dodgy
With MC consulting, 1. They already own the 11,000,000m2 of land 2. They are upfront with the fact that they don't have outline approval yet. 3. You will have a charge on the land once contract is signed 4. It is a low density development 5. The development runs its own water/electricity.
They will definitely get planning approval and when it does next year, prices will double.