Spanish Costa Properties
Newsletter
October 2004

The Spanish Costa Properties Newsletter brings you information on
buying property in Spain whether you are buying for investment,
a holiday home or to move to Spain permanently.

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In this issue

1. LATEST NEW VILLAS AT GREAT PRICES
2. SPANISH MORTGAGES ARE GETTING EVEN BETTER
3. MONEY TRANSFERS - HOW TO PAY FOR YOUR NEW HOME IN SPAIN
4. ABOUT SPANISH COSTA PROPERTIES

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1. LATEST NEW VILLAS AT GREAT PRICES
At the beginning of this month we took another trip over to Costa
Blanca to have a look around some of the new properties our
partners have available. We were pleasantly surprised at the
quality and prices of some of the new villas just a few miles
inland at Los Montesinos, Lo Crispin and El Raso. We can still
get a 3 bedroom 2 bathroom quad villa for under £107,000 and
detached villas for under £125,000.
Click on the links to see the properties available in these 3
areas.

LOS MONTESINOS is an expanding Spanish town just 10km from the
sea. It is within easy reach of a number of golf courses, around
half an hour away from Alicante airport and has some great views
over the pink salt lake.
2 and 3 bedroom townhouses, quads and villas from £100,000
http://www.spanishcosta.co.uk/properties/new/los-montesinos.html

LO CRISPIN is a new development on the outskirts of Quesada
within easy reach of golf, airport and the sea.
2 and 3 bedroom detached villas from £121,000 to £200,000
http://www.spanishcosta.co.uk/properties/new/lo-crispin.html

EL RASO is one of the new generation of developments in the Costa
Blanca with wide palm tree lined streets and boulevards
2 and 3 bedroom townhouses, quads and villas from £117,000
http://www.spanishcosta.co.uk/properties/new/el-raso.html

2. SPANISH MORTGAGES ARE GETTING EVEN BETTER
Spanish mortgages have improved a lot over the last few years,
even since we bought our villa in 2001. Now it is much easier to
get up to an 80% mortgage where as a few years ago the maximum for
non residents was only 50%-60%. Where as interest rates in the UK
have started to rise and are currently around 6% the Spanish rates
are still falling and it is now possible to get a mortgage on your
holiday home for less than 3% This means that your repayments on
a Spanish mortgage would be around half of the repayments you
would make on the same UK mortgage. So if you bought a property
for £100,000 you would only need a deposit of £20,000 and over
25 years your repayments would be as low as £379.37.
Please allow 8-10% for tax, fees etc. For more details on this
see our buyers guide at
http://www.spanishcosta.co.uk/property-buying-guide.html
If you would like a detailed mortgage estimate please drop me an
email and I will send you some figures.

3. MONEY TRANSFERS - HOW TO PAY FOR YOUR NEW HOME IN SPAIN
Buying a property abroad whether as a home or as an investment
has many aspects some of which aren't immediately apparent. One
of these aspects is the payment of your new home in a foreign
currency. Although this may seem like a simple procedure, it can
be difficult to ensure that you receive a cost effective
professional service. With this in mind we have formed a strong
working relationship with Sterling Exchange.
Sterling Exchange is the UK’s leading currency specialist and is
currently spearheading the drive to allow corporate and commercial
exchange rates and services to be made available to everyone.
They specialise in the purchase and transfer of foreign currency
from one place to another as quickly and as cheaply as possible
and their experienced staff are equipped to help you with all
of your currency exchange requirements.
To find out more about transferring money to Spain go to
http://www.sterlingexchange.co.uk

4. ABOUT SPANISH COSTA PROPERTIES
Spanish Costa Properties provide you with a totally personalised
and flexible property consultancy service. Together with our
Spanish partners we use a number of reputable developers and
estate agents, offering you an unrivalled selection of
properties to suit all budgets.


All the Best
Roger Weavers
Spanish Costa Properties
www.SpanishCosta.co.uk