Posts from — June 2009

Dinastia,  Los Cristianos. This fantastic 1 bed apartment on the highly regarded Dinastia complex has just been reduced to sell by the developer.

It is their last remaining unit and was on the market for 165,000€. They have knocked a whopping 50,000€ off!!! It is now 115,500€

BUT!!! We can also offer an exclusive discount of 4,000€ cashback upon completion. This makes it cheaper than any other estate agent offering this property and also cheaper than going direct to the developer at an amazing 111,500€

It is well situated in the popular Oasis del Sur area of Los Cristianos with the Royal Palm and El Mirador complexes a hundred yards or so away. This area is on the up and up and bars/cafes and restaurants in the area and doing a fantastic trade meaning there isn’t far to walk if you holiday here.

Many use these as their permanent residence, others stay for 3 to 6 months or more and let them out for the rest. They are well built, well finished and their is a thriving community in place.

This one will not be on the market long! First to notary secures the deal.

El Mirador, Los Cristianos. This stunning 1 bed penthouse apartment on this sought after complex is priced well below its market value and approximately €25,000 below similar properties.

This is absolutely the lowest price we have seen on there at €154,950. In fact the developer sold their last remaining unit this year for €165,000 – unfurnished with no fixtures and fittings. This one comes fully and we mean fully furnished – you could literally move into it the day of the sale. Or, rent it out long term (approximately €650 per month) or short term (holiday lettings typically €350 per week).

The properties were built around about 2005-2006 so are still well within their 10 year construction guarantee. There are a few of them on the market with various agents but the prices are a lot higher – this really is a bargain!

It is an ideal rental, pefectly situated in the Oasis del Sur area of Los Cristianos next door to the Royal Palm complex with Dinastia apartments 30 or 40 metres up the road. the area has really come on in recent years and bars/cafes and restaurants in the area and doing a fantastic trade meaning there isnt far to walk if you holiday here.

There are no more new developments in this area and never will be, land is at a premium and prices here will climb steadily over the next 10 years. I would suggest anyone looking to buy on El Mirador do so now – once this is gone there are really no other options for getting into this market at such a low price. Good rental income, capital appreciation will be strong once economy recovers in early 2010, the apartments are sound with building guarantees and the sun shines on here all day long….

• Buy the this apartment for €154,950 cash (plus 10% costs, approx. €15,495)

Or

• With an 80% mortgage (€123,960) and €30,990 cash (plus 11% costs, approx. €17,050)
  Mortgage payments of approx €290 per month interest only or €510 per month capital repayment.
  
• Consult our Tenerife Mortgage Calculator for further details