NEWS

      
The upmarket resort sold 100 luxury apartments in just 10 days as buyers went on a 27 million euro spending spree. The apartments were the first to be released in The Oasis part of the development. This is a gated community with prices starting at just 185,000 euros. The apartments were launched with prices held for 90 days but they sold out after only 10 days. "It's a sensational success story," said Rafael Ruiz, the resort's commercial director. "We believe this is the fastest sell-out in the history of resort golf property in this area. It was down to customers recognising that this is a fantastic investment at a price that offers true value for money on a resort that is on target to be the very best in Spain. "There may be predictions of a slow down in the property market nationally in Spain but we have bucked the trend and shown that quality, exclusivity and price are the most important factors for purchasers. The Oasis is a ten-hectare development of one, two and three bedroomed homes with its own security entrance and extensive sports and leisure facilities. There will be 352 luxury apartments in total, each with their own private plunge pools as well as access to larger communal pools.

This is the seventh phase of development at the 550 hectare Hacienda del Alamo site. The next batch of 172 apartments at The Oasis is now being put on the market for a limited period with a new price tag. The final group of properties will then go on sale, with prices increased by a further 10 percent. "We believe our strategy has shown buyers great opportunities to invest at a competitive price and see the valuation of their properties rise before the ink is even dry on their contracts," said Hacienda del Alamo's Investment Manager, Aisling Brew. "We can offer purchasers unbeatable payment terms so their exposure for at least a couple of years is relatively low whilst they watch their money grow as the building is completed." Hacienda del Alamo is also to establish a sister resort at Los Altos de Las Palas which will be launched in a few weeks. This is set on the mountainside overlooking the village of Las Palas. "Villas and townhouses for country living will prove a great investment over the 20 month build time," said sales manager, Philip Brockbank.
Written by Sharon Bruce                                                                ROUND TOWN NEWS