Three Bedroom Townhouse on the Bonalba Golf Resort, Alicante - 105.000 Euros

We are delighted to offer another great property on the Bonalba Golf Resort, just minutes from Alicante city and the beaches of Playa San Juan and El Campello.

This is a bank-repossessed property offered in relatively good condition, located within the residential development El Palmeral de Bonalba. Structurally in excellent condition, it is in need of a good tidy up, new air conditioning units and a water heater. Entering into the property brings you straight into the lounge with a cosy chimney, an independent kitchen which leads out to the rear garden, ideal for dining and barbecues, plus there is also a small storage room and a shower / WC. From the lounge, stairs lead up to the first floor where you will find the three bedrooms, one full bathroom. The main bedroom also has a small west-facing terrace.

The property is being offered for sale at 105.000 Euros (plus taxes and notary fees) having been reduced from an initial price of 150.000 Euros and we have a bank valuation of just over 177.000 Euros.

Contact Barry on +34 657 960480 or email me for more details and to arrange a visit.

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Spanish Real Estate is a Prime Opportunity for Investors

With reports that the economy in Spain is growing and real estate prices at their best levels in years, these are reason alone to make Spain the prime opportunity for return on investment.

Recent reports also show that the price have stabilised (in fact price rises are now being reported in some areas, including the Mediterranean coastal areas), other studies indicate that Spanish property prices in general should start to increase during 2015 and into 2016.

Tinsa March 2015

It is also auspicious to note that property loans in Spain were up almost 30% in the first quarter of 2015 indicating that there is more trust in the market and a downturn in unemployment figures show that the Spanish economy is getting stronger.

And one of the biggest signs that confidence has returned to the Spanish property market is the first year-on-year increase in the number of residential planning approvals since 2006.

What all of this means is that now is as good a time we have seen in ten years for property investors to take advantage of the low property prices, before the projected increases start to kick in. This will be the best way to capitalise on the promising return on investment profits. This return on investment is available for those looking to buy a home, or are interested in investing in rental or other types of properties.

2015 and 2016 is going to be the golden opportunity for Spanish property investors and speculators. There are still a lot of bank properties available and with mortgage rates below the euribor average, the market is prime.

Unemployment in Spain has fallen by 13,100 people in the first quarter of the year. This is the largest recorded decline since the first quarter of 2005. Projections are that unemployment will continue to decrease favorably, which will in turn create greater economic capacity. As the economy grows, prices will begin to increase. Those who were savvy at investing at the right time will enjoy the largest potential of profits for their investment.

Contact me (Barry) for more details of attractively priced property on Spain's northern Costa Blanca.