Hot Property News Letter – February 2009

1:ARCHIVEL GOLF

Hot Property are pleased to announce a brand new Golf Resort, located in the province of Murcia, close to the town of Caravaca de la Cruz, Archivel.

A breathtakingly fresh and natural setting has served as the inspiration for this ambitious, unique housing and landscaped development that stretches around a magnificent 27 hole golf course designed by Seve Ballesteros who states

"As a professional, I have always liked the wide open spaces where I have been able to fully demonstrate my entire game. The course is designed for players of all standards and with the higher handicapped player in mind the course enjoys generous landing areas. The course takes full advantage of the natural beauty of the landscape, with its gentle slopes and sweeping vistas, the 27 hole golfing experience will appeal to players of all ages and abilities”

Hot Property wishes Seve a speedy recovery from his illness.

As well as the three 9 hole golf courses, the first 18 will be a par 72, with the remaining 9 holes a par 36, making 3 fantastic loops of 9, which can be played in any combination. There will also be a putting green and driving range of more than 300m.

The club house, with large lounges, restaurant areas, pro-shop, changing rooms, rental service, both for buggies and all  the equipment needed to play golf, will have fantastic views of the golf course, which contains a lake with different water falls.

As well as golf, the resort will also boast various open-air activities such as mountain biking and hiking. There is also an equestrian centre, boasting all the facilities needed to ride within this protected environment. There is a lake where kayaking & canoeing can be carried out.

In the High performance Sports Centre will be found the best facilities and conditions in which to practice numerous sports, such as football and 7-aside football. Tennis and paddle tennis. Cricket pitch and a full Gymnasium with all the latest technology and equipment.

In addition, there will be a 4 star hotel, with all the facilities and services one would expect, such as restaurants, assembly rooms, conference rooms, shops, bars, wellness centre, gym, jacuzzi, sauna and heated swimming pool.

To ensure peace of mind, there will be an all year round 24 hour security service, with access control, outer fence with CCTV surveillance and personnel in motor vehicles, with a 24 hour security emergency line.

The home of your dreams, can be had from as little as 95,000€. Many types of home are available to suit a wide range of budgets. You can choose between 1, 2, 3, or 4 bedroom properties - all very spacious and with terraces, solariums and communal swimming pools integrated into large impeccable green areas, or have one of the ideally located villas with private swimming pools.

Apartments with an excellent price-quality relationship and an outstanding internal layout are available as 1, 2 or 3 bedrooms. Ground floor Apartments include a garden and Penthouse Apartments have terraces and solarium. There is also a communal swimming pool and views of the golf course.

As an example, a 2 bedroom Apartment comprises entrance porch with inner door into open plan lounge diner, with direct access to garden or terrace. American kitchen & breakfast bar. 1 double and 1 twin bedroom, both with fitted wardrobes and direct access to garden or terraces. Family bathroom.  Available from 95,000€.

Bungalows/Terraced Villas either ground or first floor, comprise entrance hall, lounge diner with direct access to terrace and garden, kitchen, main double bedroom with direct access to terrace and garden, twin bedded room, also with fitted wardrobe, family bathroom with shower over bath. The first floor dwellings also benefit from a private roof terrace. Communal swimming pool. Ground floor available from 136,111.57€ and first floor available from 148,646.77€

Semi Detached Villas have an excellent combination of a private garden and solarium. Private parking and communal swimming pool. The layout comprises entrance porch. Open plan lounge diner with direct access to the terrace/garden, off set fitted kitchen. 1 double and 1 twin bedded room, each with fitted wardrobe. Family bathroom with shower over bath. External stairs to a large private roof Solarium. Available from 139,000€

Detached Villas for those wanting a little more privacy, there is a choice of three models of detached villas, the 86.19m2 Jazmin, 87.90m2 Iris and the 101,00m2 Sabina. The Sabina model is the most spacious of the three and the layout comprises entrance area, open plan lounge diner with direct access to an open naya and the garden beyond. Fitted kitchen with breakfast bar. Guest cloakroom with shower. Three bedrooms, 1 double and 2 twin, all with fitted wardrobes. Family bathroom with shower over bath. Externally, there is a staircase to the private roof terrace. Private parking and an option for a private swimming pool. This property is listed on our website ref HP1086 and is available from 209,570€.

AFTER SALES SERVICE - Archivel golf also offer an after sales service, including garden, swimming pool and Villa maintenance. House cleaning services. Key holding. Furniture packages. Rental services, Security and alarms.

Ecological Architecture This project is based on a strategy built around the ideal of sustainability. This is a ten point programme on which is based  respect for the environment. This is the first project ever to comply with the Strategic Environment Assessment Act 09-2006, dated 28^th April 2006, incorporating in Spain the EU Directive 2001-42 regarding the environmental assessment of the potential impact of building plans and projects: "aiming at encouraging a sustainable development, to achieve a high level of protection of the environment and the integration of the environmental aspects of the plan”.

1.      Use of sustainable energies.

2.      The use of regional vegetation.

3.      The implementation of programmed irrigation systems through weather stations and humidity sensors.

4.      Efficient water management.

5.      Reduction of waste by products.

6.      Measures will be taken to protect the local biodiversity through plans to improve the management of the habitats and species.

7.      Only local tree and bush varieties will be used throughout the design of the golf course.

8.      The varieties of grass used on the course will have a minimal need for water and will be saline tolerant.

9.      The water resources to be used on the golf course and in other green areas will come from purified waste water.

10. Our commitment to the implementation of a full environmental management system (ISO 14001)

2: PROPERTY EXCHANGE

In the current economic climate, where vendors in the UK, Spain and elsewhere are finding it increasingly difficult to sell their properties, we are developing the concept of Property Exchange - either a direct exchange for property in Spain or an exchange with a cash balance. This process is not overly complicated and all the legalities can be handled in the same way as a more traditional sale.

In have therefore started to list Spanish properties where the owners would consider an exchange. Check out our web site www.hotpropertyspain.netand on the front page Navigation click on PROPERTY EXCHANGE to see the latest list of Spanish property for exchange. Each vendor has a reference such as V1, V12, etc and this can be used when contacting Hot Property for further information, or look up the HP property reference in the search box on the front page.

Also listed are applicants, each with a reference such as A1, A8 etc and, where known, what they have to exchange and what they are looking to exchange for in Spain. Look for the AP reference as some of these properties are also listed on our website. 

If you are interested in this exchange programme, then please let us know and we will add your property details to our website.

The list of properties for exchange will continue to grow over the coming months, so please keep checking the website for the current list.

Relevant Questions & Answers:

Q. What happens if we have a mortgage?

A.  If both properties are in Spain, there is no problem. If the properties are in different countries, it becomes more complex, but nothing insurmountable.

Q. What if there is a difference in values?

A. The difference will need to be made up with cash, in the relevant currency.

Q. Do we need legal representation?

A. We always advise that you use the services of a lawyer.

Q. Are there any upfront charges?

A. No.

Q. What other charges are there?

A. Usual legal fees, estate agent fees, notary fees.

Q. Who decides the value of the properties?

A. As the properties are already on the market, they will have an asking price. It is therefore up to each party to decide if the exchange is good value for them, possibly there will be room for negotiation.

Q. How long will the process take?

A  This can be very quick in Spain.  In other countries, it will be dependent on the legal process.

Q. Will we still need to go to the Spanish Notary?

A. Yes the legal process here will not change.

Q. Who pays the property transfer taxes in Spain?

A. The buyer – 7% of the purchase price.