The income generated is less than you’d expect along the Costa del Sol, although prices are rising in conjunction with increased interest. There has also been a significant turnaround in the number of clients looking to secure a long term rental in the Los Guajares area prior to buying. This trend started in 2004 and has grown significantly over the last eight months.
In terms of rental returns Cheap Andre Roberson Shirt , a one bedroom traditional property in Guajar Alto can generate 210 euros per week in low season and 320 euros in peak season. A two bedroom townhouse in Velez de Benaudalla can secure between 205 euros to 365 euros. In the more popular coastal area of Salobrena, a three bedroom villa can generate between 500 euros and 850 euros per week, depending on the season.
Living in Los Guajares
There is much to recommend this area, not least the tradition Cheap Kyle Singler Shirt , culture and awesome scenery. However, there are negatives too. The region has a limited infrastructure and the remote location of many villages means limited resources, such as schools and hospitals.
The streets are often steep and narrow, which can hamper access by car Cheap Steven Adams Shirt , and the weather can also be harsher during the winter months than on the coast. If you’re looking to buy here, you must be prepared to learn Spanish, and to respect the locals and their traditional way of life.
There is a strong local presence here, with a growth of Spanish second home buyers investing in the area. Foreign buyers tend to be semi retired couples and middle aged families who are looking to escape the busy coastal resorts. There are still relatively few British people here Cheap Jerami Grant Shirt , and the foreigners who have bought property are a cosmopolitan mix of Canadians, Scandinavians and Americans. This is having a direct impact on the Granada Nicaragua property listings. With new high-end malls and great infrastructural amenities, visitors and investors are looking for properties.
The tourism sector is also growing rapidly. In 2009, the tourism sector grew by around 9% and the figures for this year should also be excellent. The tourism sector performed better in 2010 than 2009 and this has given a boost to the demand for the property listings.
North American citizens are also interested in property listings in Granada Nicaragua Cheap Raymond Felton Shirt , since the locations of the hit TV series ‘Survivor’ (that was shot in Nicaragua) also became popular among the masses. Many Central American Conglomerates, such as the one headed by Carlos Pella (His conglomerate is into banking, energy, spirits Cheap Kevin Durant Shirt , sugar and many other industries) is also investing millions of dollars in property listings.
The prices for the property listings are still cheaper than the properties in Costa Rica. According to property listings, 13 acre plot can be bought for as low as US$ 250,000 or even less. The price for the same lot in Costa Rica can cost as much as US$ 2.5 – 3 million.
Foreigners can buy properties quite easily, however there are certain restrictions Cheap Gary Payton Shirt , when they buy beachfront properties. Under the Maritime law of the country, the first 200 meters from the high tide can’t be developed and the 50 meters after that belongs to the state.
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