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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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