Investment in new Spanish homes is still a potentially shrewd move and is now attracting large-scale buyers, agents for a leading developer have said.
Direct2Spain revealed the final 100 apartment homes at Hacienda Riquelme Golf Resort, built by Polaris World, had all been bought by a private investment buyer.
The firm was offering discounts on the final batch of homes of 25 to 35 per cent, which appears to have tempted the unnamed investment buyer to splash out.
Direct2Spain said of the Hacienda Riquelme deals: “This is another example of the ‘clever investor’ recognising a good product at an excellent price.
“We are not sure what this investor is going to do with these properties, but even if he or she just sits on them for a couple of years, we are sure they will produce a healthy return.”
Homes sellers Spanish Hot Properties recently said distressed sales in Spain could also represent a good investment opportunity, as buying via a bank repossession could mean fees and a higher price.
Investment in Spanish property has begun to see renewed interest after the market saw price reductions after a fall in interest from lifestyle buyers, particularly from the UK.