Super Party for Ryder Cup Week
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One of the most extravagant events planned for Ryder Cup week will actually take place far away from the K-Club in a quiet corner of Limerick.
BILLIONAIRE race-horse owner JP McManus will definitely be king of the castle when he finally moves into his very own luxury pad in the autumn.
Greats of golf, including Tiger Woods, are due in for the grand opening of Mr McManus's mansion at Martinstown the day before the serious golf tees off.
Friends of Mr McManus say it will be the ultimate in house-warming bashes as he showcases his €100 million home.
More details over at the Examiner
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Golf Property in Viet Nam
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A Golf Destination of the future has opened it's doors to foreign investors. If you're considering a propery investment, either to live in/rent or to build a Golf Course or Golf Resort have a look at Phu Quoc Island.
New regulations in Viet Nam have opened the door for foreign investors in this beautiful island.
It will become a high-quality ecological tourism centre and a trade and service hub for Vietnam and the region.
A little info on Phu Quoc Island:
Location: Phu Quoc Island lies in the Gulf of Thailand, 45 km from Ha Tien and 15 km south of the coast of Cambodia.
Characteristics: Phu Quoc, the largest island in Vietnam, part of Kien Giang Province, is also part of an archipelago consisting of 22 islands of all sizes. The island covers an area of 585 km 2 and is 50km long.
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Phu Quoc is also called the Emerald Island because of its natural treasures and infinite tourism potential. |
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Phu Quoc Island has many harbors such as An Thoi and Hon Thom where international and domestic ships anchor. Also, there are several historical sites on the island: National Hero Nguyen Trung Truc's military base, Gia Long King relics from the time he spent on the island, and Phu Quoc Prison.
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Mijas Golf Property Offer
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In a recent news release Ryanair announced an online agreement with Majestic Worldwide, the Property Specialists & Resort Developers in Spain & Portugal.
Peter Perfect, Director of Operations Europe for Majestic Worldwide, said:
“Majestic worldwide is teaming up with Ryanair to provide passengers with thousands of bargain properties throughout Spain and Portugal. As an introductory offer, Majestic worldwide will pay the first 18 months of mortgage repayments for the first 50 passengers to invest in an apartment, penthouse or townhouse in our award winning development, La Condesa de Mijas Golf, situated on the world reknown Mijas Golf Course in the Costa Del Sol.
“This 18 month mortgage-free introductory offer means an average saving of €20,000. Check out our overseas properties on www.ryanair.com now. With this opening offer, in such a sought after development, these quality homes will fly out!�
La Condesa de Mijas Golf compromises 144 homes. The residential area, built in a traditional Andalusian style will include 117 apartments and 27 townhouses. Each property will feature marble floors, top quality fittings throughout, hot/cold air conditioning and spa baths in the master bedroom.
La Condesa de Mijas Golf is situated on the exclusive "Urbanization de Mijas Golf", which has become one of the most popular golf urbanisations in Europe, which include the well known Los Lagos and Los Olivos.
You can download the PDF Brochure of the Special Offer or go to their website
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Los Flamingos - Golf Plus Investment
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The New Golden Mile is the focus for new development on the Costa del Sol and at the heart of it is Los Flamingos, the golf resort that is set to be the largest in Europe.
There will be four Golf Courses, 54 holes in all - flanked by natural lakes and hills. Two courses are complete, the third is underway and the owner of Los Flamingos, R&A Capital, has just bought a further two million square metres of land on the other side of the toll road on which to build the fourth.
The six developments dotted around Los Flamingos' present three million square metres have spectacular views from an elevated position over the greens and across to Africa.
No one knows the area better than Nigel Eede, owner of Marbella Choice Properties, who has lived there for 20 years and on various developments in Los Flamingos for the past five.
"The complexes are all upmarket but quite different in style, from the Mediterranean Pueblo-style Four Seasons to the contemporary, white Alanda Flamingos. There are also 135 villa plots, which have all been sold apart from about three. Villas here go on the market for between €2m (£1.4m) and €7m (£4.9m) and that adds value to the apartments too."
Three of Los Flamingos' developments belong to "boutique" developer Alanda Homes, the Spanish arm of Irish homebuilders McInerney Holdings. Two of them - the 98-apartment Four Seasons Flamingos and the 54-apartment Tee 5 - sold out within weeks last year. The third, Alanda Flamingos, has 21 of its 55 apartments left, starting at €450,000 (£319,000) and due for completion in June.
Continue Reading over at the Independent
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Buying on the Lauro Golf Development
An interesting story in this weeks TimesOnline about a couple who purchased a property last year on a well known golf development here on the Costa Del sol.
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David Lethbridge, 42, and his fiancée, Michaela Jedinak, 38, last year paid £240,000 for a three-bedroom townhouse with three terraces and a communal pool on the Lauro Golf development, about 40 minutes' drive inland from Marbella in southern Spain.
“We have a two-bedroom flat in Belsize Park, north London,â€? explains Lethbridge, managing director of wedding planning business confetti.co.uk. “We wanted a bigger place with a garden, but soon realised that in the London market, for an extra £250,000 we wouldn't get anything significantly better without moving area, which we didn't want to do.â€?
“Barbara Wood, who covers Andalusia for The Property Finders, found us our house,� adds Jedinak, who runs the Joy of Colour, a style consultancy.
“She steered us away from our original choice of the Costa de la Luz, which can be cold and windy in winter, to our house, half an hour from Malaga airport, as we wanted holidays and long weekends all year round.
There are some interesting pointers to buying property abroad and the rest of the story here
My personal view on buying property in Spain or anywhere else is to buy what you a. would like to live in at some point and b. keep to a budget that you can afford - don't think that you are guaranteed rental income - no matter what the estate agent tells you!!! Buyer Beware.
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The Sotogrande Playground
Two hours and you are in London. As far as commuting times go, Sotogrande rates with Cheltenham or Bournemouth.
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Except that this lush resort sits lazily under the Andalusian sun on the Costa del Sol, southern Spain, thousands of miles away from rain, fog and cold winters.
A peaceful oasis in the bustle of the Costa del Sol, Sotogrande became the summer playground of los que conten in Madrid when it was developed 45 years ago. Then the British discovered it, and now they vie with the locals for the vast plots of the La Reserva neighbourhood, the luminous townhouses of Los Cortijos and the Marina's luxury apartments. 'Sotogrande is attractive because it has a lovely countryside and plenty of space,' says David Vaughan, who represents the estate in London (020–7736 1700). 'It's very tranquil and people love it.'
The only thing that is greener than the trees here are Sotogrande's golf courses. Two of them, Aldemara and La Cañeda, are public and three—Valderrama, Sotogrande and La Reserva—are private. 'Valderrama is Valderrama, but La Reserva is new. Golf evolves and this course is fabulous,' Mr Vaughan says.Perhaps it is because it is so different that Sotogrande is bucking the slow-down which began affecting the Spanish market at the end of 2004. 'The market is going through a difficult period across the board on the Costa del Sol. But Sotogrande is doing better than most,' Mr Stucklin states. 'In difficult markets, people retreat to quality, and Sotogrande definitely has that reputation. And it has people living there all year round, which introduces a new pool of demand.'
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New Plots Released at Montemayor
Both the golf course, established in 1989, and the land at Monte Mayor Golf & Country Club on the Costa del Sol were acquired by the developer in the year 2000. The first plots were released to the buying public in 2001 and now, four years into a seven year plan, Monte Mayor has just released some of its finest plots to date.
Paul Rossiter, Director of Carrington Estates, a company specialising in the sale of single villa plots for self-build, comments, “We have always championed Monte Mayor Golf & Country Club as the best project of its kind in southern Spain in terms of quality, location, facilities and value, and this latest phase is no exception, consisting of some of the best plots I have seen anywhere. The majority of these, which range from 2,375m² to 4,250m² in area, have phenomenal golf, sea and mountain views and the real bonus is that all plots enjoy a natural building platform, keeping the cost of plot preparation to a minimum. Incredibly, most of the plots are still priced at under 200 euros per square metre and if you look around you will find that this is a third to a half less than similar golf and country club developments are asking. We don't expect these plots to be on the market for too long.â€?
Self-build, with the assistance of a qualified bilingual project manager is an affordable way to construct the house of your dreams to your personal tastes and requirements at the fraction of the cost of a comparable off-the-peg resale villa. All-in, including land and build, you could expect to spend 1.1 million euros on a self-build, and end up with a property worth 1.5 to 1.9 million euros on today's open market, and even more a couple of years down the track when the development is complete.
New phase prices start from 475,000 euros for a 2,505m² plot with permission to build a 305m² villa and Carrington Estates can put you in touch with the relevant project management, accounting and finance professionals.
For further information please visit carrington-estates.com
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Property for Sale in Estepona
What could be better than owning an estate in Marbella? Possessing one near it.
Since the 1950s, Spain's Costa del Sol has been attracting members of the jet set, with Marbella in particular being notorious for its extravagant night clubs, pricey boutiques and tourists.
But about 15 miles away, halfway between Gibraltar and Marbella, lies the port town of Estepona. Nestled next to the Mediterranean Sea and the Sierra Bermeja ("Red Ginger") mountain range, which is green with rare pines and red with iron oxide, the town offers glorious scenery and Andalusian charm without all of the noise and glitz.
Various civilizations have occupied this area over the centuries. The Phoenicians appear to have arrived between the 6th and 8th centuries B.C., and the Romans conquered it a few hundred years later. (It is thought that Estepona may have been the site of a Roman city called Salduba.) In the 7th century, the Moors took over the Iberian Peninsula, and various Muslim kingdoms wrestled over resource-rich Estepona. In the mid-15th century, the place was seized by Enrique IV of Castille. The town's mosque was replaced with a church, the clock tower of which survives.
Today the "old town" of Estepona has a population of less than 40,000 and is full of white-washed homes, tapas bars, street cafes and steep, stone-paved streets. The main promenade is lined with palm trees. Estepona has several miles of coastline and lovely beaches. From the hills, one can see across the Mediterranean Sea to Africa.
Fishing and farming still take place here, but Estepona is also surrounded by golf courses and has a modern marina that can accommodate yachts, which helps explain why luxury developments have been spreading around the area.
Perfect for those seeking a private-yet-convenient property, Cortijo Los Gavilanes is on the market for approximately $7.6 million (€6.3 million). It is currently owned by Richard, Earl of Bradford, a British restaurateur. Earlier this year, he and his wife announced they would divorce after 25 years of marriage; the sale is said to be a result of the split.
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The estate comprises about 150 acres of land tucked into a green, secluded valley
Continue reading "Property for Sale in Estepona"
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Golf in Madeira
Like a haughty dowager, the island of Madeira remains proud of her pedigree and standoff-ish about mixing with the hoi-polloi. Year after year, she has rebuffed budget airlines' pleas to land on her shores, conscious that part of her allure recalls the era of elegant cruise ships visiting en route to the southern hemisphere and white gloved ladies taking tea on the terrace of Reid's Hotel.
With its dramatic scenery and balmy climate, Madeira offers the charms of mainland Spain and Portugal, but without the hefty price tag, writes Catherine Moye
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Hillside haven: while its topography means building space is limited, Madeira is home to properties such as Casa Velha, above |
This ritual conservatism has preserved Madeira to this day and the forces of progress shaping its future are correspondingly subtle. The topography of the island and strict planning regulations mean that the growing second homes market will not lead inexorably to the march of the JCB digger, as has happened on the Algarve in its mother country, Portugal. Indeed, Madeira's unfavourable landscape for building and the limitations on development put a very high premium on owning a property there, a premium that is likely to rise.
Why buy in Madeira?
EU grants have revitalised Madeira's infrastructure, especially roads linking the capital Funchal to other parts of the island, and this has attracted a new breed of visitor with cash to invest in second homes and those planning an active early retirement. Old fincas and farmhouses are being rapidly restored and land suitable for development is being snapped up.
Seventy per cent of the island has been designated as a natural park and its dramatic mountainous landscape means there is very little flat land available for development. Much of the property is built on inclines, so the average villa has fabulous views of the Atlantic or overlooking the bay of Funchal and other villages, nestling around the edge of the island. Despite this, prices here remain much cheaper than on mainland Portugal.
Continue reading "Golf in Madeira"
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Spanish Golf Property Prices Falling
GOLF is the game on Spain's Costa Del Sol, with more than 40 courses between Malaga and Gibraltar, many of them with upmarket housing around. Despite the cooling property market in Spain, British buyers are still finding that purchasing a property there not only gives them a chance to escape to the sunshine and play, but also offers a sound investment.
As prices fall, there are bargains to be had among golfing properties on the Costas says Cheryl Taylor - Property editor of The Business Online Prices may not have bottomed out yet, but provided you can secure a good deal it could be worthwhile. Golf-based homes attract a year-round rental income; other advantages include cheaper green fees, 24-hour security and the knowledge that the view outside your window cannot be built on. It is a glamorous location, with good restaurants and scores of golf courses and you can play in the sun all year round. You can also swim in the Mediterranean, go windsurfing in Tarifa or skiing in the Sierra Nevada all in one day. Seville is a two-hour drive, Granada an hour.
You can still get a lot of sun-drenched Spanish hacienda for your money away from the coast, but prices around Marbella – the Beverly Hills of Spain’s Costa Del Sol – have soared in recent years and are on a par with England. The slump in the UK property market has put the brakes on the local market, however. Property prices are now falling and there are bargains to be had, say agents.
You can pick up a front-line two-bedroom, two-bathroom resale flat overlooking the 18-hole Santa Maria Golf Course, between Calahonda and Marbella, for E216,000. The original price of the high specification 98 square metre apartment, built in 2003 with marble floors, a fully integrated kitchen and air-conditioning, was £193,000, according to estate agent European Villa Solutions. Similarly, a nearby three-bedroom townhouse with a plunge pool – on the market 18-months ago at E620,000 – has a price tag of E428,000.
Sales are holding up further west at Sotogrande, the elite 4,400-acre golfing estate, with its mimosa-fringed courses, a 20-minute drive from Gibraltar airport. Two new golf courses are being built at La Reserva de Sotogrande, including the championship 18-hole Cabell Robinson course, which is complete. Other courses include Valderama, Almenara and the Real Club de Golf. At Los Cortijos de La Reserva, a new development of luxury villas and townhouses is taking shape close to the new clubhouse. Two and three-bedroom townhouses with large gardens are selling from plan prices from E500,000 (£337,837).
Continue reading "Spanish Golf Property Prices Falling"
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