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Key selling points
- Easy deposit payment terms.
- Premium site location and prices still relatively low
- Two rental seasons with strong rental market.
- Valencia airport 80 minutes away.
- Alpine ski resort just a 5 minute drive away and one more nearby
- Average summer temperature of 25 C.
It is always a good idea to spread your investment into as many different projects as possible. In our quest to locate new and diverse areas for your portfolios we have unearthed an undiscovered and under developed ski resort in the early stages of developing into a tourist location.
The project is situated around 1 hour’s drive from Valencia airport and a little more from the Costa Azarhar’s beaches.
This is the first project of many that we will be offering in this area and this site is in a prime location, the nearest to the slopes.
It will suit all strategies although to achieve the best growth we recommend holding for a minimum of five years, although as there is already a strong demand for property in this area from the Spanish, short term investment or flipping should also be possible.
General Description
If we told you that there is a ski resort just over an hours drive from Valencia airport you would probably not believe us, there is and we are ready to launch our first project there.
We have had our eye on this area for some time now and invested a lot of time to find the best sites and companies that had the vision and resources to secure development land here during the past couple of years, the first of which have completed their infrastructure and are now selling to the Spanish market.
The Teruel area in general is now considered a hot spot for investors and set to boom in the coming years. Land and building costs are low and inland properties are increasing in popularity. We expect prices here to reduce the gap considerably between the local coastal areas which will provide fantastic growth for the early investor. In addition this part of Teruel offers a bonus as there are two rental seasons. The Teruel and Aragon councils are intent on taking advantage of the increasing trend to move inland by foreign buyers and develop this area as a tourist resort and capitalise on their assets. Facilities and services are set to continually improve.
The Development
This development is superbly located at the foothills of the Valdelinares ski station and will provide the closest property to the ski slopes as the skiing area itself is set in a national park.
The project offers high quality townhouses and duplexes of two, three and four bedrooms as well as some two bedroom apartments. Each home will have central heating, fitted with double glazing and finished to a high specification.
In addition to the nearby ski resort there is also a golf course within a few minutes drive away and a new hotel project within the site. Two other hotels are planned the first of which is a 4 star spa hotel opening December 2006, the other is a 5 star golf hotel near to Virgen de la Vega the closest town to the resort, in time we expect that the development area will merge with the town as the resort develops.
Although many more projects are waiting for planning this is the first large project for this region and it is set in a prime location. Growth in the coming years is expected to be high and there is a strong rental market. With three new hotels planned this should be a star performer in the next five years.
Development Location
The site is located at the foot of the national park and skiing area of Valdelinares, set in a valley 400 metres below the slopes and approximately two kilometres from the town of Virgen de la Vega.
Virgen de la Vega is 130 km inland from main town of Valencia and near to the town of Teruel, noted as a hotspot for investors. The site at Vega de la Selva is located just along the road and in a superb location being just a 5 minute drive from the ski resort of Valdelinares which is at an altitude of 2000 metres and 30 minutes from Jalambre which is another small ski resort within easy reach of this development at a similar height.
Valdilinares is very much a family ski resort and is very popular with the Spanish who commute from Valencia to use the ski slopes and return. This is now set to change as the area is now ripe for development as a resort for tourism. The development is situated 400m below the height of the ski slopes and the national park which will enable you to benefit from a more temperate climate.
Owing to the unique location the slopes enjoy a very wide skiing season, this year the lifts opened on the 26th November and we expect to still be skiing well into March.
Investment Features
- Easy deposit payment terms
- Premium site location and prices still relatively low compared with other growth areas
- Two rental seasons with strong rental market
- Valencia airport 80 minutes away
- Alpine ski resort just a 5 minute drive away
- A further Alpine ski resort a 30 minute drive away
- Local golf course. • Average summer temperature of 25 C
- Many outdoor leisure pursuits
- Teruel has been named a property hotspot for 2006
- A new dual carriage way road well under construction from Valencia to Zaragoza which will open the area for future development
- Spain has enjoyed the fastest expansion in jobs, 4% a year since 2000 and this is looking set to continue.
Payment schedule 15% low entry deposit
We are delighted to be able to offer our clients two payment options.
OPTION 1 - 15 % deposit and a further 7.5% payable in 6 months time and 7.5% payable in another 6 months time.
OPTION 2 - 15% deposit and a further 15% payable in six months time.
Prices
Currently we only have the following options available but expect more property types soon. Please register your interest with us if you would like first refusal on the next release, however we expect the price to be around €115,000 for a two bedroom unit when they release. 2 Bedroom duplex from €174,700 to €182,700 4 Bedroom duplex from €212,200 to €219,050
Storage room €6,000
Garage space €12,000
Investment potential, our opinion
The key to this particular development’s investment potential is very much around the future and the plans for the expansion of the area.
This development site is situated in a prime location being located just 5 minutes from the Valdelinares ski slopes.
The government is heavily investing in a new motorway that will link Valencia to Zaragoza and this is well under construction now. Once complete this will open this area for development and as property prices here are very low at the moment this is when we will see the major capital growth in property in this area. Other investors can also see the potential of the area as new four star spa hotel due to open December 2006 and a new five star golf hotel planned for construction as well as another hotel within the project.
We strongly feel that this is just the beginning of the investment into this area and in future years to come there is enormous potential for property growth. With this development you are getting in at the early stage with a reliable developer and the underlying economic indicators such as employment and tourism remain stronger in Spain than many other markets, which will indicate good long term prospects for the property investor.
To sum up Spain is still a favourite with the Northern Europeans and it offers some of the most easily accessible sunshine and in this case some exhilarating sport in the snow!!
Predicted project completion date
End of 2007 early 2008.
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