Prime Investment Opportunity at Alenda Golf

by George | 26/10/23 | News & Views

Situated amidst the tranquil mountains, this three-storey townhouse at Alenda Golf is a gem for investors eyeing the Airbnb or holiday letting market. Its strategic location, combined with top-tier amenities, ensures a consistent demand from visitors year-round.

The property boasts three luxurious bedrooms, including a master with an ensuite, a modern kitchen, and a spacious lounge that opens to a balcony overlooking the pool. The basement, elegantly decorated, leads to a garden with direct pool access.

Alenda Golf offers a range of amenities: an Olympic gym, a tapas bar with golf course views, a restaurant, and a supermarket.

Located just 10 minutes from Alicante and 15 minutes from its international airport, with four other golf courses within 30 minutes, it’s an ideal spot for golf enthusiasts.

Seize this opportunity to invest in a property that blends luxury with promising returns.

The Alenda Golf Course

Alenda Golf offers 18 holes of championship golf designed and built by Roland Favrat.

The golf course was completed in October 1999 and covers 49 hectares of land, 18 holes, par 72 and 6,257 metres in length, as well as an excellent 9 hole practice area.

The Golf School is guided by the Golf Federation of the Valencian Community.

Alenda Golf has been used as a European Tour Qualifying School and many Senior Spanish Championships have been held here.

A perfect and complete Golf Rental Opportunity, call Gloria on + 34 649 649

A Comprehensive Guide to Buying a New Property

by George | 24/10/23 | News & Views

The Spanish property market has witnessed a remarkable transformation over the past couple of years. Following the pandemic, there was an unprecedented surge in the demand for new build properties in Spain.

This surge was driven by consumers eager to invest their accumulated savings, resulting in double-digit growth in property prices, especially for off-plan properties.

This boom was further fuelled by the rising inflation rates. With banks offering negligible interest on savings deposits, many saw real estate as a safe haven for their funds. Investing in bricks and mortar became a preferred choice for many to shield their savings from the eroding effects of inflation.

However, as with any rapid expansion, there are bound to be some hiccups along the way. Despite the best efforts of developers, construction flaws can sometimes be overlooked.

It’s crucial for potential buyers to be aware of these pitfalls. One of the best ways to safeguard against such issues is to commission a snagging list before officially taking possession of the property.

Independent chartered surveyors, though an additional expense for the buyer, can identify even the most concealed construction flaws. These detailed reports are invaluable tools for lawyers, enabling them to advocate for their clients more effectively and ensure that any issues are rectified.

In this article, we’ll delve into the three primary construction guarantees available when purchasing off-plan property in Spain and the timeframes within which claims can be made.

1. Construction Flaws: 1-Year Guarantee

For a period of one year, both the developer and the constructor are jointly accountable for any construction flaws. These are typically defects that are visible to the untrained eye and are usually identified during a snagging list inspection before the property’s completion. They pertain mainly to the final touches of the construction.

It’s advisable not to finalise the purchase until these flaws are addressed. If this isn’t feasible, buyers should consider retaining a portion of the payment until the issues are resolved, typically within a six-month window post-completion. This approach ensures that the developers remain motivated to rectify the flaws promptly.

Common examples include mismatched or missing floor tiles, chipped paint, defective doorknobs, dripping taps, and other issues arising from poor workmanship or subpar materials.

2. Dwelling Hazards: 3-Year Guarantee

This category encompasses defects that directly affect the habitability of the property. Such flaws are usually more severe, posing risks to the health and safety of the inhabitants or even the environment. The guarantee for these hazards spans three years.

Some instances include damp patches in rooms leading to mould growth, malfunctioning electrical appliances, and gas leaks.

3. Structural Problems: 10-Year Warranty

Often referred to as the “Seguro Decenal”, this ten-year warranty is a cornerstone of the Spanish property market. It addresses significant structural issues that jeopardise the building’s stability and can be life-threatening. An insurance firm oversees the entire construction process, ensuring that the materials and construction adhere to Spanish laws and standards.

However, it’s worth noting that the application of this warranty can be quite restrictive.

Examples of structural problems include landslides due to unstable foundations, large cracks threatening the building’s integrity, and roofs collapsing from heavy rainfall.

Understanding the Guarantee Protection Timeline

A common misconception is that these guarantees commence from the completion date at the notary. However, the countdown for these guarantees begins from the time the developer receives the “Acta de Recepción”, which always precedes the notary completion.

In Conclusion

Spain’s thriving property market is once again witnessing a surge in new construction property sales. Given this boom, it’s imperative to foster a culture of awareness around Consumer Rights. This is especially crucial for foreigners and expatriates, ensuring they are well-informed about their rights and how to exercise them in the ever-evolving Spanish property landscape.

New Build Ultra Modern Townhouses Coming to Alenda Golf

by George | 16/10/23 | News & Views

New Build Ultra Modern Townhouses Coming to Alenda Golf

Private residential complex situated close to the airport, the main cities and the best beaches in the province of Alicante, on a 15 minutes drive by car from Elche and Alicante.

Sunrise Views is located in peaceful surroundings at Alenda Golf Course in Monforte.

The houses are provided with a complete aerothermal energy system for heating, air conditioning, and domestic hot water, a renewable energy system that takes advantage of external environmental energy.

Adosados Ultramodernos De Nueva Construcción en Alenda Golf

Urbanización privada cercana a las principales ciudades de la provincia de Alicante, a 15 minutos en coche de Elche y a 20 de Alicante, así como al aeropuerto y las mejores playas.

Sunrise Views se encuentra ubicada en un entorno tranquilo en las inmediaciones de Alenda Golf Course.

Las viviendas cuentan con aerotermla completa, sistema de renovadle que aprovecha la energía ambiental exterior.