By Ronan McMahon
Real Estate Trend Alert
Since the Spanish authorities set up SAREB (a so-called “bad bank” with the aim of stabilizing the banking and real estate sectors) we have had some interesting opportunities—thanks, in part, to how inefficiently SAREB is being run.
My latest “best buy” recommendation on the Spanish coast takes advantage of this inefficiency.
Last Thursday I told you about the opportunity to buy a two-bedroom condo six minutes from the luxurious Puerto Banus on Spain’s Costa del Sol…from 129,000 euro. My boots-on-the-ground research when I visited Spain a few days earlier turned up this opportunity.
I passed on my research to you as soon as possible, predicting these condos (45 units) would sell quickly.
In January I told you about our member-only opportunity to buy a townhouse in the A-nah Tulum community for $215,000. That’s a luxurious 1,697-square-foot (including external spaces) townhouse for $215,000. At this price, it’s up to 30% less than comparable pricing of completed units in the area.
I’ve just learned of a killer opportunity on the Costa del Sol—and I don’t expect it to last long.
The luxurious Puerto Banus sits on the eastern fringes of Marbella. This is where you find the jet set. A mooring for your super yacht will set you back seven figures. Homes sell for well into eight figures. I saw one rental that asks for $60,000 per week. Gucci, Chanel, and Rolex have all set up shop here.
Your March issue of Real Estate Trend Alert—a special report on the best opportunities in Europe right now—is ready to download. I’ll tell you more in a moment…but first, an important update.
There was a significant price hike yesterday in the luxury condos in the Spanish community of Alcaidesa, on the Costa del Sol.
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You’re invited to a member-only scouting trip of Costa Rica’s Southern Zone. If the March dates I reminded you about yesterday don’t suit, there’s a second set of dates now also available in April.
Last month I told you about our member-only pre-release opportunity in the exclusive “Eternal Life” phase of Pacific Lots in Costa Rica’s Southern Zone…and I invited you to a member-only scouting trip this March 9-12. A small number of places are still available. I strongly urge you to join this trip.
Close on a decade ago I first stood on the white sands at Tulum. Playa del Carmen was my base for this trip, and I saw firsthand what was happening. Playa was taking off—as were its real estate values.
Ninety minutes down the coast (before the road improvements) Tulum was a secluded piece of paradise. It was an empty beach—there wasn’t a single soul.
The condos that are part of the new “lofts at Tao” phase have the strongest income potential on my beat.
A short stroll from Tao you’ll find the Sian Ka’an condo hotel.