Lovely 4 bedroom villa in wine country reduced by 105000 euros to 255000 euros

*Further reduction of 20,000€* Located within the Casas Medina urbanisation, 8km from Utiel and one hour from Valencia with the airport only 40 minutes away this brand new luxury 4 bedroom villa has stunning views over olive and almond groves



Situated on a sunny SW oriented plot of 1,400 m² the property offers 4 double bedrooms and 2.5 bathrooms. Split level ground floor with open plan lounge area with access to the large 30 m² terrace via double doors. The kitchen/dining room also affords access to the terrace. Another large room suitable as an extra bedroom or second lounge/office/playroom and a separate toilet completes the ground floor. A grand double marble staircase leads to the mezzanine floor. (Within the lounge area is a large 42" HD digital TV/DVD plus a quality surround sound HiFi system.)

The second floor consists of a master bedroom with ensuite and patio doors to a balcony, 3 double bedrooms (1 with patio doors onto a balcony), a family bathroom, all are accessed off the open gallery which also benefits from access through 2 sets of patio doors to the upper terrace affording stunning views over almond, olive and wine groves.

The property also benefits from a garage, underfloor central heating throughout the 220 m² build area and pre-installation for a swimming pool. All the bedrooms have large fitted wardrobes. There is a communal pool, tennis courts and a kids play area.

The region of Utiel and Requena is a wide plane covered with vineyards and is sheltered by the large pine forests of the nearby sierras. Not too far away is the land of Don Quixote in La Mancha so, besides the wine tasting in the many bodegas, there is lots to see and do in this area of Spain.

Everyones saying cautious recovery on its way!

September 4th, 2009

A two-year bear market that ravaged global real estate stocks has petered out and a recovery is already underway in key Asian markets, with the United States and Europe to follow, Cohen & Steers Inc. said on Thursday.

The Asian real estate equities recovery would precede ones in the United States in 2010 and Europe in 2011, the global property stocks investor said at the European Public Real Estate Association's (EPRA) Sept. 3-4 conference in Brussels.

Co-Chairman and Co-Chief Executive Robert Steers said recent months had seen significant and rapid change in the global real estate equities markets as monetary and fiscal stimulus packages helped bring an end to the recession.

"The recapitalisation of listed real estate companies is also progressing well, and together these factors will initiate a new positive return cycle for stocks," he said in a statement.

Global Portfolio Manager Scott Crowe said in the longer term Cohen & Steers believed real estate values would settle at higher levels than were generally expected by the market.

"Net asset values for many real estate stocks are rising, driven by better-than-expected cash flows and improving cap rates," Crowe said.

"Furthermore, companies are starting once again to acquire assets, which should also contribute to value creation."

Cohen & Steers said its research showed the real estate total return cycle would likely comprise three phases, starting with equity recapitalisation.

"The second phase, preceding the final fundamental recovery in markets, will be characterised by significant acquisition opportunities in the United States, the Spanish property market, Germany and France, and to a lesser extent in Asia," it said in a report.

It also said factors that attracted investors to real estate investment trusts - such as competitive total returns, moderate volatility, attractive current income, and low correlations with other asset classes - were starting to materialise.

Courtesy of Reuters

Our updated Modern Design and Build Villas

Construction Design Villas

These projects have shapes and materials for the building of minimalist and modern design villas. By using new materials and changing structural elements, we can make large rooms and terraces without support pillars.

These projects have shapes and materials for the building of minimalist and modern design villas. By using new materials and changing structural elements, we can make large rooms and terraces without support pillars. Enjoy a feeling of space, and a different style. These types and designs of buildings are fashionable and offer a modern finish with minimalistic lines.

High efficiency eco villas respect the environment and keep the design and comfort of traditional housing. Bioclimatic houses incorporate the most modern energetic saving and water recycling systems, obtaining as result in a decrease in expenditure for water and electricity bills. Enjoy the low maintenance cost of the garden and swimming-pool.

The ecologically friendly building that we offer consist of the following installations:

WATER RECYCLING

Grey water treatment by AQUATRON. from bathroom and kitchen sinks, and washing-machine and diswasher waste pipes- All tjis water recycling can be used for garden wareting and re-use in WC´s.

KITCHEN RECYCLING

Food-waste disposer. Installed under the kitchen sink, grinds food waste within seconds.

WALL COATINGS

Wall rendering with aerial lime paste, totally waterproof. Lime is a natural product.

INSULATION

Thermal & Acoustic insulation with 40 mm sheep wool, completely ecological and recyclable.

SUN FACING

All our ECOFRIENDLY houses will have the best sun facing situation possible, as a means of taking advantage of the natural sunlight, as well as helping with building´s climate control.

ENERGY-EFFICIENT LIGHTING

Big windows in all possible places to allow for maxium daylight entry, as an aim for electrical saving, windows will also be double-glazed.

PHOTOVOLTAIC NET

Photovoltaic solar estation (optional) based on high-performance crystalline silicon photovoltaic modules for the conversion of sunlight into electricity, capable of producing 2.500 w.

SOLAR POOL HEATING

Solar kit pool heating (optional). Can extend the swimming season, as it uses the sun´s heat, but does not imply a hot water pool during the winter months.

SOLAR HEATED WATER

Solar kit for water heating, with 200L. deposit.

DAYLINGHTING DEVICE

Natural daylight davice by SOLARTUBE, for use in darker house areas enhancing the use of natural light and saving on electricity costs.

Some properties to download from A Place in the Sun

Apologies for the delay we have only managed to get 5% of the information on our beta site from A Place in the Sun, this will increase but we do recommend you register with us as soon as possible.

Click on the link to spot some of our bargains in Spain.

Girasol Homes Team at the Place in the Sun!

Dear visitor


Next weeks A Place in the Sun exhibition is to be held at Earls Court, London between 3rd – 5th April (http://www.aplaceinthesun.com/exhibition) and we would like to invite you to go along and meet Girasol Homes who are exhibiting their wealth of “Special offers” to the public at the show with properties all across Spain and at amazing prices.


My team and I are experts at saving people thousands and have properties on show at up to 50% discount!


The areas included will be the North and Southern Costa Blanca’s, Andalucía, Marbella, Costa del La Luz, Granada, Almeria, Costa Calida (& Murcia), as well as the Canary Islands and Mallorca and Menorca. My partners across the regions have assembled their very best offers for the show and it will prove exciting for customers.

At the show we will also be showing clients how to take advantage of the buyers market and also to negate the exchange rate imbalance with a cheaper mortgage with exchange rates from 2.3%!

Please let me know if you would like free passes to the show and to meet me and my team at Girasol Homes who would be only too pleased to make you feel welcome and show you the wealth of opportunity on display.

If you can’t make it, don’t worry, please let me know if you are still looking and in which area and we will make sure you get the offers sent to your inbox after the show. Email us at specials@girasolhomes.co.uk

Also, if you are about to travel to look at houses please call or email us as we would like to show you our latest offers in the area you are going to, it could and probably will save you thousands and thousands.

The link is http://visitors.aplaceinthesun.com/ and you’ll find us at Stand G30 on the right hand side as you enter the main hall, you’ll see our roll up display advertising bargain properties!

We look forward to hearing from you and seeing you next week if convenient.


Best wishes


Nigel and Team

Marbella Hill Club - exceptional bargain

This Beautiful and Extremely Luxurious Villa is set in the most exclusive area of Marbella within the Marbella Hill Club Estate in the Golden Mile.

Estimated value 3.5 million euros – for fast sale 1.95 million euros



A stunning property, built in Andalucian style with Moorish features, this lovely home is possibly the most prestigious and well positioned within the estate.

Approached by a sweeping driveway, bordered by a large, open, lawn area complete with fountain, the property lies within a further 2,300 sq metre plot.

Immediately, the space, light, and extremely high attention to detail within the property, is noticeable.

The ground floor encompasses the main lounge and dining area, an office, the kitchen, with a second more casual dining space, and a large bedroom with en-suite facilities.

On entering the lounge, the garden, with its’ wide terraces and relaxing seating areas, beckons. From this commanding position, the panoramic views across Marbella to the sea, with the coast of Africa in the distance, are breathtaking. Within the garden are beautiful lawns and a pool, complete with a chiringito bar and barbecue, dining area. Given the many sunny days and gorgeous evenings on this part of the coast, you can imagine that this is a property where one can take full advantage of an outdoor lifestyle, while enjoying these delightful gardens. In addition to the more formal area, there is an excellent vegetable garden, complete with irrigation system and a variety of fresh vegetables on offer!

Returning indoors, you proceed upstairs to the fine, en-suite bedrooms. It is to be noted that all the ceilings in the property have been ornately crafted and the quality throughout is exceptional. The bathrooms have solid marble walls and no expense has been spared. While the gold-plated bathroom fittings may not be to everyone’s taste, this does indicate the extravagance and wealth that has been lavished on this palatial villa. There is an abundance of light throughout the bedrooms and as you step out onto the large upper-terrace, the stunning views once again become apparent.

Beneath the property is further accommodation and a large garage. There are five en-suite bedrooms in total, plus a two bedroom servants’ quarter.

We have great pleasure in offering this unique property to the market, and as there are no other villas available of this exceptional size, quality or location, we would encourage clients to view without delay.

The Marbella Hill Club sits majestically above the Golden Mile, and is the location of choice for the estate of an Arabian King and many world-famous celebrities. Less remarkable villas in this area, with smaller plots in less favourable positions, currently command prices of 3.5 to 6 million Euros. This Jewel of Marbella, with a location to dream of, offers an exceptional opportunity to purchase an outstanding property at the extremely low price of 1.950,000 Euros. The current realistic value of the property is estimated at 3.5 million +.

We have great pleasure in offering this unique property to the market, and as there are no other villas available of this exceptional size, quality or location, we would encourage clients to view without delay. Upon viewing, the client will fully comprehend what is being offered. Simply put, we would buy today!


Contact Girasol Homes on 44 1974 299055 to check on availability and a viewing trip

http://spanishpropertybargains.blogspot.com

2 bedroom bungalows close to the Salt Lakes

BRAND NEW IN SAN MIGUEL DE SALINAS, 2 BEDROOM BUNGALOW WITH ROOF TERRACE. MOVE IN CONDITION, GREAT LOCATION CLOSE TO THE SALT LAKES AND AMENITIES.

QUALITY BUILDERS.

WE HAVE THE KEYS.

Features

• CLOSE TO SAN MIGUEL DE SALINAS
• 2 BEDROOM BUNGALOW FOR THE PRICE OF AN APARTMENT
• LARGE ROOF SOLARIUM
• BRAND NEW
• FRONT, REAR AND SIDE GARDENS
• VIEWS FROM SOLARIUM
• COMMUNAL POOL


JUST 109,000 Euros - 2 Remain for sale.

ALL at the exclusive price of 700,000 Euros!!

7 EXCLUSIVE VILLAS

Exclusive Golf and Country Club

REDUCED FROM 1.4 MILLION TO 700,000 EUROS!!


This Exclusive Golf & Country Club's privileged location, between the mountains and the sea, strengthens its position as a wise investment.

The project has been designed by a highly renowned architectural team that has combined classical and rustic styles with the elegance and detail of the best quality workmanship and materials.

This attractive golf estate comprises a private and exclusive 9 hole golf course, clubhouse with lakeside terrace, bar and restaurant, pro shop, jogging tracks, and a choice of the most Beautiful Luxury Residences.

Within the 24 hr security and gated grounds of this exclusive Golf & Country Club one finds this small group of 7 luxury villas.

Standard features include fully installed hot/cold air-conditioning, marble flooring, private pool, spacious garage with automatic doors and the master bathroom boasts a characteristic "Roman" bath. The homes provide views to the nine-hole course and surrounding mountains, Perfect as a tranquil retreat for any golfing enthusiast.

Close to the coast and Peurto Banus, Marbella, Estepona, with fantastic facilities in a private luxury golf and country club. Live the dream.

We have sourced and negotiated an exceptional deal these villas are on the market at between 1,250,000 Euros to 1,400,000 Euros

We have these ALL at the exclusive price of 770,000 Euros

FULLY FURNISHED & COMPLETE bringing even more value to this deal !

Hot news for potential investors !

Some of these villas are already rented at 2,500 per month long term.

Short term rental high season 12 weeks will produce 2,500 Euros per week.

So the first purchasers have the best choice and the best deal!

We advise looking very closely at these as they are exceptional and complete luxury at a fantastic price you will not be disappointed.

Contact us today for further details and information

The 100 most expensive and exclusive houses in Spain - our take

The 100 most expensive and exclusive houses in Spain

"From Idealista.com - in spite of the decrease in housing prices, luxury homes, those that are reserved for eight-digit households, continue to exist all over spain and are often immune to the drop experienced by the rest of the real estate market. for you, idealista selected the 100 most expensive homes currently on the market. there are houses, villas and mansions suitable for the deepest pockets.

on this list you will find 94 houses, three penthouses and three flats in different provinces in spain, although they are located mainly in madrid (56%), the balearic islands (18%) and catalonia (13%). the area of spain with the most dream houses for sale at this time is la moraleja (madrid), with 19 homes."

Our team at Girasol is exploiting the market to provide true property opportunities in the higher reaches of the market and try to obtain the the 100 most competitively priced homes between 500,000 euros and 5 million euros in Spain and Portugal.

We encourage you to register with us for these opportunities.

Nigel Salmon and Team

www.girasolhomes.co.uk

info@girasolhomes.co.uk

Buy Smart in 2009 - you have the power!

As if the credit crunch and the impending recession weren't enough, the downside for Brits wanting to buy overseas has been compounded by the plummeting value of the pound.

In just 12 months, sterling's value has slipped from €1.45 to under €1.20 - a fall of almost 20%. Against the dollar, the decline has been even more dramatic. As recently as July you could get $2 for every pound; by late November that had fallen to under $1.50.

Psychologically, it's a serious deterrent for buyers, as it means you could be paying significantly more for the same property than you would have a year ago. What's more, the cost of living in most overseas countries has also gone up accordingly - so that pint of beer, restaurant meal and weekly grocery shop will all be more expensive.

There are a few countries outside the dollar and the euro where the exchange rate pain has not been quite so profound - TURKEY springs to mind - but by and large, overseas homes are less of a bargain than they used to be.

So what can you do about it? One option - if you believe that the pound will make a recovery - is to take out a mortgage in the local currency. Say you want to buy an apartment in France or Spain that costs €200,000, and you take out a Euro-denominated loan for €150,000. Then only the €50,000 deposit will suffer from the conversion at a poor exchange rate, and if sterling recovers in a year's time you could potentially refinance the property at a more attractive conversion rate. This works especially well if you will be earning rental income in the local currency to pay the mortgage interest; but it is a high risk strategy - after all, sterling could decline still further.

Another option is to look in markets where property prices have fallen significantly. Spain is the obvious example; in spite of official figures which purport to show that property prices are still rising, evidence on the ground is that prices have already fallen by around 20% on average, and with many developers on the Costa del Sol or Costa Blanca in financial trouble you could get an even bigger discount, wiping out the effect of sterling's falling value. But don't buy just on the discount - after all, too many properties in Spain were over-priced in the first place.

Ask us how to save money on your new mortgage and buy smart in 2009.

Nigel Salmon - Girasol Homes 44 1974 299055

www.girasolhomes.co.uk * www.girasol-bespoke.com

Still good ways to buy abroad - Primelocation

there are still good ways to buy abroad | Primelocation

As if the credit crunch and the impending recession weren't enough, the downside for Brits wanting to buy overseas has been compounded by the plummeting value of the pound.

In just 12 months, sterling's value has slipped from €1.45 to under €1.20 - a fall of almost 20%. Against the dollar, the decline has been even more dramatic. As recently as July you could get $2 for every pound; by late November that had fallen to under $1.50.

Psychologically, it's a serious deterrent for buyers, as it means you could be paying significantly more for the same property than you would have a year ago. What's more, the cost of living in most overseas countries has also gone up accordingly - so that pint of beer, restaurant meal and weekly grocery shop will all be more expensive.

There are a few countries outside the dollar and the euro where the exchange rate pain has not been quite so profound - TURKEY springs to mind - but by and large, overseas homes are less of a bargain than they used to be.

So what can you do about it? One option - if you believe that the pound will make a recovery - is to take out a mortgage in the local currency. Say you want to buy an apartment in France or Spain that costs €200,000, and you take out a Euro-denominated loan for €150,000. Then only the €50,000 deposit will suffer from the conversion at a poor exchange rate, and if sterling recovers in a year's time you could potentially refinance the property at a more attractive conversion rate. This works especially well if you will be earning rental income in the local currency to pay the mortgage interest; but it is a high risk strategy - after all, sterling could decline still further.

Another option is to look in markets where property prices have fallen significantly. Spain is the obvious example; in spite of official figures which purport to show that property prices are still rising, evidence on the ground is that prices have already fallen by around 20% on average, and with many developers on the Costa del Sol or Costa Blanca in financial trouble you could get an even bigger discount, wiping out the effect of sterling's falling value. But don't buy just on the discount - after all, too many properties in Spain were over-priced in the first place.

Ask us how to save money on your new mortgage and buy smart in 2009.

Nigel Salmon - Girasol Homes 44 1974 299055

NEW BUILD PENTHOUSES DOWN IN PRICE 30%

DOWN IN PRICE 30%!! POLLENÇA OLD TOWN. BEAUTIFUL NEW BUILD APARTMENTS in an excellent location location, mere minutes away from the town's square. Direct delivery, all penthouse units with private roof terrace and beautiful views. Adjoining green area.

Comunidad 2- Planta Piso 2- Vivienda D 169.000 € SOLD!!!!!!!(2 dormitorios, 2 baños, 87,85 m2, cocina, coladuría, 41,11 m2 terraza)

Comunidad 4- Planta Piso 2- Vivienda G 193.000 €( 3 dormitorios, 2 baños, 94,83 m2, cocina, coladuría, 45,81 m2 terraza)

Comunidad 4-Planta Piso 2- Vivienda H 199.000 €( 3 dormitorios, 2 baños, 97,18 m2, cocina, coladuría, 48,26 m2 terraza)

Comunidad 1- Planta Piso 2- Vivienda B Con Ascensor 213.000 €( 3 dormitorios, 2 baños, 95,88 m2, cocina, coladuría, 39,94 m2 terraza)

Comunidad 3 - Planta Piso 2- Vivienda E 183.000 €( 3 dormitorios, 2 baños, 90, 62 m2, cocina, coladuría, 42,43 m2 terraza)

Comunidad 5 - Planta Piso 2 - Vivienda I Con ascensor 208.000 €( 3 dormitorios, 2 baños, 96,01 m2, cocina, coladuría, 32,66 m2 terraza)

Comunidad 5 - Planta Piso 2 - Vivienda J Con Ascensor 227.000 €( 3 dormitorios, 2 baños, 102,24 m2, cocina, coladuria, 34,81 m2 terraza)

Extras: teka wooden doors, fitted kitchen , air conditioning Hot/Cold.

Prices: Ranging from 169.000 €. A secure investment.

Parking 28 storage 29--------28.000€Parking 29 storage 4---------32.000€

DOWN IN PRICE FROM 5.800.000 EUROS TO 3.950.000 EUROS!

DOWN IN PRICE FROM 5.800.000 EUROS TO 3.950.000 EUROS! Incredible offer!

This extraordinary property is without doubt the most outstanding offer on the market today in the North of Mallorca, it would be impossible to find an equal alternative, whereby the sheer quality and characteristics of the property are more than favourably priced.


Resulting an exciting opportunity to acquire a recently built mansion, which includes every comfort and luxury. The constructed area sums approximately 500 m2, strategically situated in possibly one of the quietest and prestigious areas of Pollensa. The estate of almost 56.000m2 neighbours the local golf course, and views over the surrounding countryside including mountains and the sea are glorious.

The mansion has three levels, the ground floor housing the reception, and, integrated into a single majestic living space the magnificent open plan lounge, dining and television rooms, an enviable ´master chef´ kitchen, the house library, wine storage and guest toilet. On the exterior are wonderful gardens surrounding the house, porches, terraces and a grand swimming pool!

On the first floor are the master suite and three further bedroom suites all with bathroom and dressing room. Alarm system with video camera, double-glazing, natural stone terraces, teak sundeck, automatic watering and many more super details!A simply luxurious property!

The delightful terraces at this level are accessible from the master suite and two of the bedrooms. Two further complete bedroom suites are at basement level, as are the spa room, the gymnasium, sauna, staff quarters, laundry, machine room and double garage. The quality and attributes of the property convey luminous spaces, comfort, and luxury. Solid wood flooring, designer kitchen of the best quality, illumination by Iguzzini, ´Stand Alone´ wood burner, under floor heating throughout the house, air conditioning (hot /cold), Apple audio system, plasma television, satellite connection and internet in the bedrooms and television room.

URGENT SALE : WAS SOLD TO THE ACTUAL OWNERS FOR A SALES PRICE OF 5.800,000 euros in June 2008, now reduced to sell it for ONLY 3.950.000 Euros !! Bank mortgage available !!

DOWN IN PRICE FROM 4.500.000 EUROS TO 3.850.000 EUROS! OFFERS INVITED! A builder with impressive curriculum has taken on yet another project. This time they take us to the magic front line of Mal Pas, Bonaire, steps away from the turqoise waters of the Pollensa bay, with views towards the bay of Formentor, and the sandy beach of Mal Pas 50m down the pedestrian lane. The property offers impressive sea views from all living areas and bedrooms. The enormous living room on the first floor has several sets of French doors leading onto the huge terrace, from which you can take in the whole bay of Pollença. On that same first floor you also find a state-of-the-art kitchen with dining room adjoining and a study with cloak room to use as a guest suite or library/office. On the groundfloor you find 4 suites, all exiting to the outside areas, and a catering corner with fridges/sink and cloakroom for the pool area. The pool is behind the house for total privacy, but raised up a little so seaviews are had from the sunbathing area. And lastly but not leastly, there is a garage/studio apartment with bathroom.

DOWN IN PRICE FROM 550.000 EUROS TO 450.000 EUROS! Excellent price for this newly built finca inland from Can Picafort, only 3 km from the sea! The large plot has about 160 trees, most of them almond trees, which makes for a picturesque setting in January-February! The villa currently offers three bedrooms, of which the master suite is on the first floor, with a dressing room and private terrace. Downstairs are the other two bedrooms, sharing one bath, and of course the living room, dining room and kitchen. The house comes furnished, has underfloor heating and a woodstove, plus best materials were used. A great plus: You can extend the property by another 96m². Easily accesible by car, and easily accesible price-wise too!
13.1.2009 NOW REDUCED IN ONE GO FROM 550.000 Euros to 450.000 Euros ! OFFICIAL BANK VALUATION OF 563.000 Euros! VERY GOOD BUY !!
You can overtake an existing mortgage of approx 250.000 Euros, the monthly payment is approx. 1.100 Euros a month! Very interesting !

Urgent sale on Mallorca, possible to take over finance

DOWN IN PRICE FROM 5.800.000 EUROS TO 3.950.000 EUROS! Incredible offer! This extraordinary property is without doubt the most outstanding offer on the market today in the North of Mallorca, it would be impossible to find an equal alternative, whereby the sheer quality and characteristics of the property are more than favourably priced.

Resulting an exciting opportunity to acquire a recently built mansion, which includes every comfort and luxury. The constructed area sums approximately 500 m2, strategically situated in possibly one of the quietest and prestigious areas of Pollensa. The estate of almost 56.000m2 neighbours the local golf course, and views over the surrounding countryside including mountains and the sea are glorious.

The mansion has three levels, the ground floor housing the reception, and, integrated into a single majestic living space the magnificent open plan lounge, dining and television rooms, an enviable ´master chef´ kitchen, the house library, wine storage and guest toilet. On the exterior are wonderful gardens surrounding the house, porches, terraces and a grand swimming pool!

On the first floor are the master suite and three further bedroom suites all with bathroom and dressing room. Alarm system with video camera, double-glazing, natural stone terraces, teak sundeck, automatic watering and many more super details!A simply luxurious property!

The delightful terraces at this level are accessible from the master suite and two of the bedrooms. Two further complete bedroom suites are at basement level, as are the spa room, the gymnasium, sauna, staff quarters, laundry, machine room and double garage. The quality and attributes of the property convey luminous spaces, comfort, and luxury. Solid wood flooring, designer kitchen of the best quality, illumination by Iguzzini, ´Stand Alone´ wood burner, under floor heating throughout the house, air conditioning (hot /cold), Apple audio system, plasma television, satellite connection and internet in the bedrooms and television room.

URGENT SALE : WAS SOLD TO THE ACTUAL OWNERS FOR A SALES PRICE OF 5.800,000 euros in June 2008, now reduced to sell it for ONLY 3.950.000 Euros !! Bank mortgage available !!

For the right properties in Mallorca visit http://mallorcapropertybargains.blogspot.com

Spain's rich to lead 2009 property hunt -Cushman | Industries | Financial Services & Real Estate | Reuters

Spain's rich to lead 2009 property hunt -Cushman | Industries | Financial Services & Real Estate | Reuters

* Private families will be main investors in Spain in 2009

* Office market likely to recover first, opportunity in 2011

* 2008 Spanish office leases fall 35-45 percent yr/yr

* Banks to save firms from fire sales, market not distressed

By Ben Harding

MADRID, Dec 15 (Reuters) - Spain's super-rich will emerge as the key investors in its troubled property sector next year and would do well to take up positions in the office market, the head of consultants Cushman & Wakefield said on Monday.

Roger Cooke, Cushman's managing partner in Spain, said traditional investors like German property funds had the money but not the ability to open new funds in Spain, while private equity buyers were still waiting on the sidelines to swoop on distressed assets.

"I expect that in the early part of next year, Spanish private families will be the strongest investors in the market," he told Reuters in an interview in Madrid.

Spain's richest individuals, such as Amancio Ortega, the owner of Inditex (ITX.MC), famous for its Zara fashion chain, have long targeted the property market and have a tradition of more hands-on involvement than others in Europe, who pass investment decisions to fund managers.

"They've got the money, yields have adjusted, they are not looking for really distressed levels of pricing, so there's more on offer," said Cooke.

Investment in smaller lots of up to 50 million euros would be the trend next year, as they are easier to finance and match the buying power of family firms.

Cooke added that office space was probably the best defensive bet in the downturn. "I suspect the office market will begin to return before the retail market. We haven't seen the last of retail sales problems, and the office market (in Madrid and Barcelona) is not oversupplied like it has been in previous cycles," he said, adding that office leases had fallen by 35 to 45 percent this year.

"I think the first half of 2011 will be quite an interesting time to be delivering a building."

Retailers' hesitancy to occupy new units and tenants pushing for rent cuts as consumer sales weaken, put pressure on shopping centre investments, he said.

STRESSED BUT NOT DISTRESSED

Spain's 10-year residential property boom was snuffed out this year by massive oversupply, rising interest rates and the credit crunch, while the commercial business caught the same cold sweeping global property markets.

"There is a complete lack of confidence, and that applies across the board, whether it be residential, development, occupational. The whole Spanish market is very uncertain." The sector racked up billions of euros of debt in a wave of ambitious expansion, and Cooke said funding that debt while revenues shrivelled had turned almost every Spanish property firm into a stressed, though not distressed, seller of assets.

"Pretty much all have an interest in a sensible sale of assets. We are talking, quite literally, of survival in many cases."

However, the market would not degenerate into a fire sale because banks would seek to avoid loading their balance sheets with toxic debt, he said.

"The banks are not letting them sell at any price. If you get to a situation where the banks push too far, and they don't survive, is anything served by that?

"Whether we see more distressed sales next year all depends on the attitude of banks, regulators and even politicians."

Spain's biggest property firm, Metrovacesa (MVC.MC), was forced to sell HSBC's London headquarters back to the bank earlier this month, recording a 250 million pound ($376 million) loss on its 838 million pound investment after it failed to refinance a loan secured on the Canary Wharf tower. (Reporting by Ben Harding, editing by Will Waterman)

Marbella Mansion available for a bargain price

Situated on the second largest plot in Bahia de Marbella, this stunning mansion, built only a few years ago, features a cinema room, two Jacuzzi’s, a home computer intelligence system, and boasts a 12 car garage.

On the ground floor it features a luxurious two bedroom en suite guest apartment, with own separate entrance. It also has under floor heating and air conditioning throughout the entire house, situated in one of Marbella´s prime beachside locations, with fantastic panoramic sea views from most rooms.

Terraces Tinted glass in all bathrooms, a large heated swimming pool with own Barbeque area and changing facilities. Dining Room The property also benefits from over 140 m2 terraces with over 130 Palm trees incorporated within the beautifully landscaped gardens.

Views A truly breathtaking Mansion located only a few minutes from Marbella centre. 100 metres from the beach. Reduced for serious buyers only from 5,600,000 euros to offers in the region of 2,400,000 euros due to time waster buyer.

This exceptional mansion is now being offered to our large database and network of property partners and will not be on the market for long, so if you are interested please call for more details and how to view this property.

Contact Girasol Homes 44 1974 299055 or email info@girasolhomes.co.uk as soon as possible.

Bargain Prestigious House 80km west of Valencia

Superb value!! Reduced from 360,000 euros to 275,000 euros!



A brand new luxury villa 80km west of Valencia in the Utiel and Requena wine region.

The property is situated on an urbanised plot of 1400m2 and consists of 4/5 double bedrooms with fitted wardrobes, 2 1/2 bathrooms, 60m2 open plan split-level lounge, dining room and kitchen with open gallery mezzanine off twin marble staircases, with wonderful views over almond and olive trees and wine groves.



There is also a garage, 30m2 terrace and underfloor central heating throughout the 220m2 property.

Reduced from 360,000 euros to an amazing 275,000 euros!


Contact us in all urgency at Girasol Homes by emailing info@girasolhomes.co.uk

more people buying overseas than in the UK according to lenders

Sales of UK property fell to a new low as an average of 10 properties were sold per estate agent over a 3 month period.

The RICS survey showed that there were more people registering to purchase property, no doubt being tempted into the market by the savage cuts in interest rates and falling values.


However more and more people were continuing to buy overseas - a trend we have also noticed at Girasol.


Contact us at bmv@girasolhomes.co.uk for the large list of below market value property opportunities.

Girasol Homes looks after over 100 estate agents and their clients and also sell directly to the general public as well. Both commercial and customers are welcomed.