Hi

I wonder if anyone can help. I am looking at buying an apartment offplan at the Medina Elvira project in Granada through a company called International Property World in Spain. I have been given a number of options (Golf residencial, Granada Greens and Tee 17) and have been advised that I can have a 5% guaranteed rental for 10 years. The prices seem good and the company seem legitimate. Just wondered if anyone had bought through this company or on this project?

Thanks

PI

If anyone is considering buying off plan in the Medina Elvira complex in Granada I can recommend it; I have personally bought three units in the first project Medina Elvira 23 and achieved more than 100% ROI on each.

I can also offer a selection of great Resales in this project which will be ready for occupation in December this year; there is still the opportunity to put these units into the rental guarantee scheme and get a 5% return for up to 10 years. Resales are brand new apartments from investor clients at prices up to 40,000€ below the Developers current price for similar units.

We have 2 bed/2 bath apartments available from 260,000€ so please contact me if this could be of interest...
Medina Elvira Golf & Country Club - Andalucia, Spain

Peter Mitry

Thanks Peter. I am quite happy with the work International Property World have done and have now reserved 3 properties with them and I am viewing the place with them next week. They are picking me up at my hotel and driving me to Granada and then taking me back to the airport which I think is a wonderful service.

Non Residents pay 25% income tax. so please be aware.

50% rental return is 37.5% return if taxed.

Thanks for the advice, however IPW were excellent in advising me of all costs involved. They sent me a 12 year cash projection outlineing all costs including tax etc for both the guaranteed and variable rental contracts and were very honest in their advice. I dealt with the manager there and she was excellent and not pushy at all. She actually refused to take my deposit until I was furnished with all the details which I thought was excellent. I am now looking at a number of other opportunities with her as well. I recommend IPW to any other investors on this site that might be looking for a good honest company to work with.

"5% guaranteed rental for 10 years" Curious about this...

How does that work? What are they offering?

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Who do you work for LisaNic? What is the name of your company?

I bought a couple of apartments directly from the developer in medina Elvira called suites if you buy from them you get for free a family golf membership for 99 years that normally cost 12.000 euro if you buy it loose, medina Elvira is really great the golf course is already finished I bought it from grupo balboa http://www.vladigolf.com/. Hope to give you guys some good advices

Hope to see you guys soon to play golf,
George

We have a 4-bed penthouse on the top tier of Fairways and a 4-bed penthouse on the top tier of Golf with spectacular views over the golf course as well as the Sierra Nevada mountains in the opposite direction. They both have terraces of over 100m2. You can't buy these off the developer anymore. We also have 2-bed and 4-bed apartments on one of the best sections of Fairways. We are looking to sell a couple of these apartments at below the developers price for a quick sale as we need to release some cash. Does anyone know of anyone who may be interested in any of these apartments, including the penthouses?

Hi,

If I were to invest in a golf resort in Granada, I'd go to Los Moriscos Golf II in Motril. Los Moriscos Golf I was completely sold out, and Motril is clearly expanding but still relatively unspoilt. With Sierra Nevada less than an hour away and an ever-improving short drive to Granada, you've got the beach as well. More and more foreigners are coming to this area. Though maybe not too interesting for immediate resale -the cheapest apartment costs 270,000 Euros, but you get value for money in an area which is now setting off with quality tourism-, it's a great BTL opportunity, I think.