02 November 2005

The Spanish property ladder

Whilst a whole cluster of newcomers are having their first foray into the overseas property market, bagging bargains everywhere from Bulgaria to Brazil, some pioneers in the more established markets such as France and Spain are already on the second or third rung of their holiday home property ladder. Two old-hands at the Spanish property market, Dan Eustance and John Fromson, share their latest upgrades…

Dan 39, and his partner Sally, from Richmond in Surrey, have enjoyed many a holiday in their apartment in La Manga on the Costa Calida during the past six years. However, when little Mia, now 20 months old, arrived on the scene, Dan started to think about upgrading to a large villa to accommodate the growing family. Dan begins, “The only place really considered on the Costa Calida was La Manga as it is a world famous, exclusive resort with outstanding facilities. We’ve made a sound investment here and are certain that the resort will continue to shine. Other developments on the Costa Calida really didn’t hold the same appeal for us and by-and-large life outside the resort gates isn’t that vibrant, so for us comprehensive on-site facilities were a must.”

Like all discerning 21st century house hunters, Dan was scouring the internet for investment opportunities when he came across Carrington Estates, a real estate agency specializing in the sale of plots on the Costa del Sol. His original ideas began to change and it soon became clear that actually the Costa del Sol, with its extensive infrastructure, could be the perfect place for the next family home, and furthermore, he could build the villa himself and save plenty of euros as a result. A few weeks later Dan took himself to the Costa del Sol to find out more.

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