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PROPERTY 05/09/2006

Southern Spains best investment opportunity

Southern Spain has long been crying out for a new investment vehicle firmly targeted to the serious property investor and it has now arrived in Granada, in Southern Spains Andalusian region. Investors will earn a guaranteed 5% net rental return on their properties for up to ten years, giving you a whopping 50% back on the value of the property. This formula for success doesnt even take into account the current healthy 14% capital appreciation being experienced in the Granada Province, which further enhances your investment. The project in question is Medina Fairways within Medina Elvira Golf Resort. A select development of apartments, penthouses and lofts ranging between one and four bedrooms in a superb lakeside setting, just ten minutes from the centre of Granada and 25 minutes from Sierra Nevada. Residents have the luxury of 18-holes of championship standard golf on their doorstep, plus the Resorts boutique hotel and spa, horse riding centre, shopping arcade, sports centre, lakeside activities, private school and on-site property management, all protected by 24-hour security. Medina Fairways is unmatched in terms of views. Each of the 186 units enjoy either golf, panoramic lake or inspiring Sierra Nevada views, or indeed a combination of the three. All properties have top of the range fittings and finishings such as satellite TV and ADSL lines, natural stone walk-in showers, wooden floors in all bedrooms and underfloor heating in all bathrooms. Parking and storage are included, and residents have the swimming pool set in landscape gardens. One bedroom apartments start from just 183.400 euros and the 5% guaranteed renal yield is offered over a two, five or ten year period. Favourable payment terms with only 10% down now another 10% due in 1 year and 80% of the purchase price payable upon completion towards the end of 2008. An 80% mortgage us available to all buyers. Granada is truly a breathtaking city, the jewel in Andalusias crown, boasting such treasures as the Moorish palace of the Alhambra. The city is set at the foot of Spains highest mountain range and best ski resort, Sierra Nevada. Basking under sunny skies yet just moments from the ski slopes, easily accessible by low coast airlines to Granadas Airport (look to Ryan Air, Monarch, Iberia form London) and just over an hour from sandy beaches, Granada is perfectly placed for both living and holidays. Whether your passion is for sea or ski, you can comfortably satisfy both by taking to the beach in the morning and sloping off to the snow by the afternoon