Residencial Iregua – New Development in Almería

Residencial Iregua is located in Carboneras – Almeria and consists of 22 lovely apartments with choices of 1, 2 and 3 bedrooms which include fitted kitchen, ample terrace, pre-installation of air conditioning, parking space and more. The development has excellent view to the Mediterranean Sea.
More info on Residencial Iregua

Montesol - New Development in Granada

Montesol is a delightful urbanisation, consisting of 2 and 3 bed villas, situated in a quiet valley about 20 minutes drive from Granada, 25km from Granada Airport and about 90 minutes north of Malaga.

All villas are individually designed with plots of approximately 500 square metres, offering ample space for your own swimming pool, terraces and gardens. Plots are so positioned as not to crowd this beautiful valley, and there is never a feeling of over development. The environment will always be respected.

The building is to the very highest specification, and offers the best value found in southern Spain.

The valley and the countryside views are stunning with rolling hills and blue skies with an abundance of greenery and flowers, overlooked by the snow capped mountains of the Sierra Nevada. Montesol is set in a quiet location, only minutes away from Puerto Lopé village with its bars, banks, restaurants, shops, supermarkets, and medical centre and all amenities for everyday living. It even has its own excellent hotel.

Prices are from 125,000€ - 238,500€

Los Jardines del Puerto – New Development in Murcia

Please be advised that there are only 4 townhouses left on Los Jardines del Puerto at a starting price of €140,000. This promotion is located in Cartagena, Murcia and consists of 100 beautiful townhouses with 2 to 3 bedrooms with their own garage, set in a wonderful area with excellent communications.

Los Jardines del Puerto have solarium with tiles, main door with security lock, installation for air conditioning in living room and main bedroom and pre-installation in the other bedrooms, alarm system, safe box, parabolic TV installation and pre-installation for telephone connection in bedrooms and living room, built-in wardrobes and fully equipped kitchen. All this in a gated urbanization with communal swimming pool, showers and toilets, paddle tennis court and green areas.

Myramar del Sol

Myramar del Sol has 112 apartments and is located in El Faro, Mijas Costa. Malaga Airport is only 15 minutes away and all the facilities and amenities of the Costa del Sol are within driving distance.

Myramar del Sol is surrounded by copious garden areas and green spaces and the development has stunning sea and mountain views.

Other Features:

Padel tennis

Minigolf

Bar-Restaurant

Gated Community

Gas water heater and water outlet on the terrace

Marble Flooring

Hydrospa bath in the main bathroom

TV points

Domotic fire, water leak and gas detection

Fitted wardrobes

Myramar del Sol

Residencial Arenal - New Development in Cádiz

Residencial Arenal is in the town of Jimena de la Frontera - Cadiz, about an hour west of Malaga's International Airport, and just 30 minutes away from Gibraltar's airport and its tax haven. All of the conveniences of Jimena de la Frontera, such as restaurants, bars and so on are within easy walking distance.

The kitchens are fully fitted, the air-conditioning is included (pre-installed) with a hot/cold air con unit and the bathrooms also come finished.

There is top quality Spanish marble throughout the apartments, and as the beach is a half hour drive away, the development is away from the hustle and bustle of the Costa del Sol.

Residencial Arenal perfectly caters for people who like the real Spain as opposed to the more seasonal coastal areas. This promotion is located slightly inland, approximately half an hour from the coast, in the Algeciras Bay region. It is actually inside the Natural Park of "Los Alcornocales," which is the last Mediterranean forest in Europe.

Prices start from €115,030.

Payment Terms are: 6.000€ Deposit, 30% PPC, and 70% on Completion.

Spain - Mortgage Payments Rising

The average mortgage holder in Spain faces increasing mortgage payments as the Euribor interest index continues to rise, closing out January at 2.833 per cent, its highest since December 2002 and more than half a point above its January 2005 level. It will be mid-February before Spain’s central bank, Banco de España, certifies the end-of-January Euribor rate, but when it does, variable-rate mortgage holders could see their monthly payments jump by as much 80 euros, or even more, depending on the size of their loan.

The Ausbanc banking-consumer association calculates that a 178,000-euro, 25-year variable-rate loan taken out in mid-2003, when the Euribor was at its historic low of 2.014 per cent, would see increased payments of “around 70 euros a month or 800 euros a year” at the new end-of-January rate. The larger the loan, the greater the increased payment would be.

The January Euribor rate will affect those variable-rate mortgage holders whose annual revision of their interest rate occurs in the 30 days following Banco de España’s certification of the end-of-January rate. Because of the way many banks set different interest rates for the first year and then subsequent years, the amount of increase in monthly payments will depend on how long ago the loan was taken out. According to Spanish Mortgage Association (AHE), those that took out loans in 2003 and 2004 will be the most severely affected.

The Euribor is the interest-rate index most frequently used by banks in Spain to set the interest on variable-rate loans. The vast majority of mortgage loans in the country are variable-rate loans, a phenomenon that has raised concerns about the possible impact that rising Euribor rates could cause on families as their mortgage payments balloon, potentially beyond their means. The AHE has urged the government to take measures to promote the use of fixed-rate loans.

View more info on Spanish Mortgages

Coín – New Homes Given Go-Ahead

Coín Council has given the go-ahead for a development of 584 properties in La Moreta area of the town. The project, which also includes a hotel, has been in the pipeline for several years but approval was not granted until the developer was able to guarantee the water supply and other infrastructure for the scheme.

. Mijas – New Connecting Road

Officials in Mijas last week opened a new frontage road along the motorway, allowing drivers to go from Mijas Pueblo to Calahonda without having to get on the N-340. Entrances to the new road are at the Jardín Botánico urbanisation and the open lot where the street market is held. The new road, a 300-metre-long stretch including a bridge over Arroyo de la Cala, cost a million euros to build, say officials.

Fuengirola – Bus Station Approval

The project to relocate Fuengirola’s bus station to a green site beside the Montemar old people’s home by the river has been provisionally passed by the local council. The 10,600 square metre site is local authority land but only half of it will be built up to protect some of the green areas with a compensating tree zone being created in the town. Opposition politicians have condemned the plan saying it will remove one of the town’s few green lungs and will cause traffic congestion at Fuengirola’s western entrance.

Costa del Sol – New Desalination Plant

Costa del Sol – New Desalination Plant
A second desalination plant is to be built on the Costa del Sol, between Mijas and Fuengirola, and it will be capable of supplying an extra 20 cubic hectometres of water per year, the same amount as the Marbella plant which came into operation for the first time a few months ago. This means that from 2008 almost half of the Costa del Sol's water supply will be provided from the two desalination plants. Construction of the Mijas plant is due to begin before the end of this year, and it will cost 50 million euros.

Antequera - Motorway Now Open

Antequera - Motorway Now Open
The longest stretch of the new Córdoba to Antequera motorway is now open to traffic. The stretch between Córdoba city and Fernán Núñez was officially opened to traffic by Development Minister, Magdalena Álvarez, on Tuesday afternoon, more than a month earlier than planned. It is more than 17 kilometres long and is the sixth stretch of the new motorway to be completed.

Estepona - A7 Road Improvements

Estepona - A7 Road Improvements
The Ministry for Development has today put out to tender works to improve the A-7 motorway between Estepona and Marbella. The budget for the work is three million € and consists of widening the road on the southern side and improving junctions with the construction of acceleration lanes.