The property world, as well as any other business I suppose, is ridden with clichñs and common catchphrases. "It is never a bad time to buy property" and "Now is the time to buy" are but two of such sayings which I have come across time and time again. But with the prices of land and property on the Costa set to rise dramatically in the medium-term future, these sayings could very well have a sound ring to them. An investment in property now could have interesting dividends later on in life.
It is on this concept that Manilva Gardens emerges on the scene- a community complex comprising 7 blocks of houses, and a total of 90 apartments, available with 1, 2 or 3 bedrooms. The entire development is built on a plot of 13,059 m2, with a maximum private space of 102.44 m2, and a minimum of 54.29 m2 allocated to each house. Total external areas are a maximum of 39.65 m2. The residents of the development are to be well catered for- as well as luxurious gardens and a huge swimming pool, almost standard requirements these days, Manilva Gardens offers an on-site residents' commercial centre, with supermarket, restaurants and bars. An artificial river will also be constructed to enhance the atmosphere of the place.
This is a creditable and ambitious project by a reputable developer, and the surrounding area leaves nothing to be desired. Situated within the municipality of Manilva, bordering the Urbanizacion Hacienda Guadalupe, Manilva Gardens offer stunning views to the sea, with only a 300m walk to the shore itself. Nearby, the village of Manilva is a great example of the quaint Andalucian white villages so prevalent on the Costa del Sol. Also within the area, the magnificent Puerto de La Duquesa (featured in Issue 3) offers a wealth of leisure activities, or for an evening out, you can sample the wining and dining and nightlife of the port. If Golf is your thing, there are several major clubs nearby (and more in construction) to more than meet your needs.
But it is Manilva Gardens' unique payment system which sets it apart from the rest. It is targetted at those keen to take advantage of the low prices in today's market, and invest in property during this 'calm before the storm'. The development is a community project, in which all the buyers become simultaneous investors in the development itself. An initial lump sum, percentage of the total price of the house is paid upon signing. A second lump sum, much smaller than the first, is then paid when the community is closed.
At this point, all the apartments within the development automatically rise in value, and just by placing that initial lump sum your investment has already paid off. Any further payments made are on the mortgage, which will accumulate less interest since a large percentage of the value of the property has already been paid. Upon the completion of the development, the value of the property will rise yet again. In effect, buying a home in Manilva Gardens means buying a share in the development itself!
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