The Ultimate Homes Blog

We received an email this morning from a developer building in Altea Hills which really is an absolutely stunning location. The email certainly woke us up. Prices slashed by up to 35% depending on the unit. That meant that a two bedroom apartment with marble floors throughout, air conditioning, underground parking, etc etc could be had for as little as 136.000 Euros, reduced from 190.000. No wonder we nearly choked on our coffees. Further details for those brave enough are available here in PDF format (thanks for that Ian!!!)

Ferraris from all over Spain have congregated at Polaris World's Mar Menor Golf Resort for the past few days as the Ferrari Club España chose the Resort to celebrate their first "meet" in the Murcia region. Some 85 members and friends of the association together with 60 cars are at the Resort until next Sunday and no doubt will enjoy the facilities available to them on site and in the surrounding area. Many of the visitors are staying at properties offered by Polaris World Vacations and in the InterContinental Mar Menor Hotel. The program of activities for the group will include visits to local beaty spots such as Cabo de Palos and Totano.

This may be the best barometer of the global property market: The number of exhibitors for the 2008 edition of SIMA (Salón Inmobiliario Internacional de Madrid) , the annual property show taking place this week in Madrid, is down 25 percent from 2007. Last year there were 800 companies with booths, a record for the event. This year, however, there are about 600, according to event organizers. It’s the first decline in the 10-year history of the show, which is billed as the largest property event in the world.

His keen eye for the delights of the bikini helped unleash generations of Brits on to the beaches of Spain. Pedro Zaragoza Orts, the former mayor of Benidorm who died yesterday aged 85, transformed this small fishing village into a centre for package tourists keen to feast on fish 'n' chips as they cultivated their "lobster pink" sunburn. Zaragoza, who held the post from 1950 to 1967, realised that allowing northern European visitors to bask on the sun-soaked beaches would change the village forever. Unfazed by church efforts to excommunicate him for a plan that bishops suspected might pervert the morals of the average Spaniard, he got on a Vespa and drove to Madrid to persuade General Franco himself. El Generalissimo saw the potential for tourism to bring in badly needed foreign currency and turned a blind eye to religious objections. It opened the floodgates for hordes of Britons who have headed to Benidorm ever since, to spend their holidays in English bars such as...

I read an interesting article from the Daily Telegraph regarding the Costa del Sol which made interesting reading: http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2008/03/31/noindex/opcosta129.xml&CMP=EMC-expat2008 Whilst it refers pretty much only to the property market in that area, it perfectly sums up the scenario here on the eastern coast of Spain too.

According to Kyero.com, the Costa Blanca region is most the popular Spanish Costa – receiving 26.6% of all coastal property enquiries in Spain. This area boasts a relatively large number of English-speaking residents, making it easier for relocating Brits to fit into everyday life, as well as a consistently warm climate that gives the Costa Blanca year-round appeal for holiday-makers. The Costa Blanca can also be said to be the most popular of the Costas because its house prices average at €237,000, 3% less than the Spanish average of €245,000, making owning a second home affordable.

With the success of our last listing at La Sella Golf Resort (located in between Denia and Javea), we have located another fantastically priced property - 110.000 Euros - which we expect to sell within days as opposed to months. This is another one bedroom property in a great location, but what is most important here is that this property is priced to sell. More information and pictures here: http://www.ultimatehomes-spain.com/index.php?page=showprop&prop_id=421 We already have several interested parties seriously considering the purchase of this apartment so of course we are looking to list more in the area, but only at great prices. Perhaps the Beckhams could learn a thing or two as they are now facing that very issue with the sale of their Madrid "estate", now that David’s sojourn with Real Madrid is over. They reportedly put their house in Madrid’s La Moraleja neighborhood—often described as the Beverly Hills of Madrid—on the market last year for £6.5 million. But the...