La Manga Club News

La Manga club and reasons to buy.

I can’t think of a worse time over the last decade to sell your property probably anywhere in Europe if the truth is known. I therefore believe the exact opposite is also true that it MUST conversely be one of the BEST times to buy!! Too many people try to “Time” the market and wait for it to bottom out. The trouble with that is we only really know that it has hit the bottom when it starts to go up again. Sad but true. We are not experts in this field as much as we all would like to think we are, however we can try to bring some logic into the equation. There is no need to go rushing headfirst into the international property market but I assure you the really wise investors are already making hay whilst the sun is shining and slowly but surely the bargains are disappearing! What will be left are the run of the mill properties which the owners are not in a hurry to sell so are not motivated to give you the bargain you seek. This is NOT! The time to hesitate this is the time to achieve your dream of buying a place in the Sun at a realistic price that is therefore sustainable in these and future lean times.A second and extremely valid point for all you none sterling purchasers! A high percentage of the properties on the La Manga Golf and Tennis club are sold in pounds Sterling. This means that if the current owners bought their property at a high exchange rate IE €1.50 to the £ and are happy to get their money back in these trying
times then they would clearly need a lot less €’s now to achieve this. EG. If they bought something 5 years ago for €300,000 it would have cost them £200,000. To get this back they would now need approx. €225,000 so you could save yourself in theory €75,000without doing anything. Not a bad days work for a simple change in exchange rate!!

Human nature is to sit on the fence when there is so much bad news being floated about and wait for the feel good factor to return which it inevitably will do at some stage. History tells us time and time again that property is one of the few investments/commodities that given time beat inflation. A major point also is that property is one of the very few investments that one can enjoy while holding that investment especially in a place like Spain and its 300 days plus of sunshine each year. Rest assured in these tough times things seem a lot better when one is sitting in the sun!!!!!!