| Daily Express Wednesday September 26th 2001
 Also bordering the River Guadiana is a new golf scheme being sold by Adrian Medd of European Villa Solutions. Castro Marim is an attractive village overlooked by a 13th century castle next to the course, four miles from the Atlantic beaches. Here, Medd has three bedroom semis with pools for around £300,000. His company has other properties in that region, including a farmhouse ruin set in one-third of an acre for less than £200,000. The Guardian Saturday December 22nd 2001 Spain/Portugal Low interest rates, as well as huge demand from foreign and domestic buyers, have led property prices in Spain and Portugal to surge over the past four to five years. These countries have a strong tradition of home ownership 80% of Spanish homes are owner-occupied, partly helped by government grants and state-subsidised interest rates. In Spain, mortgage interest is also deductible from income tax. Adrian Medd of European Villa Solutions (01223 514241), which finds property in Spain and Portugal for UK buyers, says all this has combined to produce a sustained bull market. Over the past four to five years the most popular areas in Spain, such as the Costa Blanca and Catalunia, have doubled in value he says. We have seen steady growth of 15% - 20% a year, a bit less in Portugal. Portuguese mortgage rates are slightly higher than those available in Spain, according to Conti the lowest variable rate deals are around 4.75%, compared to 4.25%. Lenders in both countries will only allow you to borrow up to 80% LTV. The Times Friday February 22nd 2002 Marlon Beresford, a professional footballer, is looking forward to moving in soon to the two-bedroom apartment he has bought at Guadalmina, near Puerto Banus on the Costa del Sol. A goalkeeper with the Premiership club Middlesbrough, he is currently on loan to Burnley. He says I had visited the Costa del Sol and I liked the area, especially the golf facilities. So I decided to look at buying. I wasnt sure at first whether I wanted to be nearer the beach or a golf course. I chose golf. First he did some research about various agents, he then contacted European Villa Solutions and went on a property inspection trip in 2000. The apartment at Guadalmina cost £85,000, including fees and looks on to the fairway. Mr Beresford plans a family holiday this summer and may let the property eventually. He has also paid £7,500 for a golf share, which buys membership of the club and can be sold back to the club or another buyer. The beauty of the Costa del Sol he says, is that because of the frequency of flights you can nip down there for a weekend. The Sunday Times March 31st 2002 The European holiday-home market has been transformed by the low-budget airlines. New routes and bargain scheduled flights from low-frills carriers such as Buzz, EasyJet and Ryanair mean formerly inaccessible areas are now within reach and summer holiday homes have a new role as weekend boltholes. A decade ago, anybody buying a holiday home in Europes sunnier climes had to spend a fortune on air fares, sacrifice a couple of days at either end of the holiday to travel by car, or opt for a cheap charter flight to a packed airport near an overdeveloped region such as the Algarve or Costa Blanca. Today, with a wider range of routes and off-season fares sometimes available from £20 return house hunters can cast their nets further. More new routes are being added all the time. Last week Buzz introduced daily flights from Stansted to Dijon, Rouen, Limoges, Bergerac, Caen, Brest, Tours, Toulon and Grenoble. In July, it will start a daily service to Bergerac. Ryanairs daily new routes start from April 4 from Stansted and include Rome, Milan and Montpellier. Spain The bargain carriers cover established airports such as Alicante (Go, from Stansted and Bristol) and Malaga (Go from Stansted and Bristol, EasyJet from Luton and Liverpool, BMIbaby from East Midlands), but there are several smaller, quieter airports. Murcia airport, ideal for the Costa Calida and the southern part of the Costa Blanca, is a breath of fresh air compared with Alicante, says Justyn Medd of the Spanish property specialist European Villa Solutions. Buzz flies to Murcia (as well as Gerona and Jerez) from Stansted. We decided to buy near Murcia airport so that it would be easy for our four sons and their families to make weekend visits says Margaret Hogan. She and her husband, Charles, bought a £70,000, three-bedroom terraced villa off-plan last May, through European Villa Solutions. Having taken early retirement, the Kidderminster couple plan to spend six months a year in Spain, starting when the house, in the small town of Los Alcazas on the Mar Menor, is ready to move into in January. Weekend retreats in Spanish cities are affordable now, with Go flying to Bilbao from Stansted and EasyJet. Barcelona enjoys direct bargain flights from Stansted (Go), Luton (EasyJet), Bristol (Go) and Liverpool (EasyJet). Homes Overseas January 2003
 The grandfather of the Mediterranean tourist industry, Spain, woke up some time ago to the fact that its not enough just to put buildings up and then hope that buyers will be content with poor mains services, shoddy roads and inaccessibility to airports. As a result, there has been a marked improvement over the last decade in all of these facilities, with superb motorways, phones that ring, taps that have water coming out of them and rubbish collection that actually takes place. Thanks to the new roads that have been constructed across Spain, access to the coast, to cities, towns and villages, visiting friends in other parts of the country or travelling to the rest of Europe by car is infinitely easier than similar journeys would be back in Britain. Investment in Spain, according to Adrian Medd, of European Villa Solutions, can still be profitable, but, as in any property transaction, he urges purchasers to take care and to proceed in the same way they would with buying a property in Britain. Adrians three golden rules for successful rentals are: - Do not automatically assume that there will be an immediate profit. It is safer to aim for a five to ten year target.
- Look for an area where the supply of properties is restricted. Such a bottleneck can be caused by a variety of factors, ranging from planning restrictions to heavy demand for playing time on the many excellent golf courses. Do not automatically assume that there will be an immediate profit. It is safer to aim for a five to ten year target.
- Look for an area where the supply of properties is restricted. Such a bottleneck can be caused by a variety of factors, ranging from planning restrictions to heavy demand for playing time on the many excellent golf courses.
- Clearly its a case of supply and demand. The demand will be even greater if there are excellent travel facilities in the region.
Also, remember that ideally the purchaser should be seeking a property that will not only show good rental returns, but good capital growth, advises Medd. Taking Mallorca as an example, the German economy is in bad shape and a number of owners are looking to sell. Planning permission are hard to obtain, but because there is likely to be an over-supply of properties for a while, anyone purchasing a property on this Balearic island should be looking at the mid to long-term target for good capital growth. Elsewhere in the Balearics, I feel that with a quiet winter rental market, the islands will provide steady, unspectacular growth in values. Of course, cheap doesnt necessarily equate with good value but, generally speaking, what is good value to buy is also good value to rent and hence gets good occupancy rates. Associate Justyn Medd adds that the pueblo style apartments at Sierra Cortina, just ten minutes inland from Benidorm, 30 minutes from the airport, five minutes from the popular Terra Mitica theme park and ten minutes from the beach will provide excellent rental returns. The climate is better than Disney in Paris and quicker to get to than Florida, he says. Villas are priced at £200,000 and luxury apartments at £115,000 are still available, but the first lot of townhouses have sold out. A new phase is being released however, and although we cant take deposits yet, purchasers can put their names down after a visit, to get first pick when the properties are released. We expect prices to be from £90,000. Homes Overseas February 2003 If golf is your passion but you dont have the time to spend months on end in your holiday home, Adrian Medd of European Villa Solutions may have the answer. The company is currently selling properties at Pestana, near Carvoeiro where you are able to purchase a quarter-share scheme. This allows you three months of occupational rights throughout different times of the year. If this sounds like it could be for you, a one-bedroom apartment will cost approximately €86,500 (£55,000), Pestana also boasts two 18 hole courses as well as the David Leadbetter golf academy. Annual golf membership is around £900. European Villa Solution is also selling villas at Castro Marim, on the border between Spain and Portugal, which boasts the lowest density housing of any of the golfing projects in the area. A three-bedroom villa with a swimming pool on the environmentally friendly course will cost €455,000 (£290,000). Homes Overseas May 2003 Spain Costa del Sol Justyn Medd of European Villa Solutions is extremely enthusiastic about a new project, Ribera Andaluza, which allows purchasers with the enthusiasm for things that grow to combine their passion with a superb climate, a great lifestyle and the possibility of earning something back from their investment in the property. Located north-west of Malaga, between Cartama and Alora, the six houses will be, to say the least, extensive, measuring 300 square metres and with a choice of two styles; Andalucian or Colonial. Consisting of three or four bedrooms, three bathrooms, a fully fitted kitchen, a spacious lounge/dining room, a lower floor with three large spaces that can be turned into more bedrooms, living areas, games room, or garage, large terraces, landscaped gardens and an eight by five metre swimming pool, each property will be situated on 15,000 square metres (just under four acres) of mature orange trees. Maintaining four acres of orange groves is probably beyond the average expat property owner, says Medd. But an alternative is already in place. The trees are currently looked after by a local fruit producer. A five-year contract will be available with the same company to continue operating the orchards. This will be renewable at the end of that term. At the moment, the income from the oranges will pretty much look after the cost of maintaining the private areas of the property. But it is the lifestyle that makes these houses so appealing. To start with, the land, the trees and the house are all freehold. The views consist of orange groves, mountains and local villagers and, as a result of the agriculture the owners will receive free unlimited water for the house. The land slopes from an access road at the top down to a slow flowing river at the bottom and each of the six properties has river access. And to cap it all, it will be just 15 minutes into Malaga city and 35 minutes to Marbella, while golf enthusiasts will also benefit from 20 courses within 45 minutes drive. The houses have a modern specification that includes hot and cold air from a combined system, double-glazing, insulated cavity walls, satellite television, and an alarm system. The price for the land and construction including bank guarantees on stage payments and a ten-year guarantee on the building is £425,000. Buyers should always, however, allow ten per cent extra for tax and legal fees. | |