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Los Arqueros Property
As I have explained here in my previous REW blog post, Los Arqueros Golf and Country club in Benahavis has some good opportunities currently. There are several great property developments, the majority of which were constructed by Taylor Woodrow España over a period of approximately 5 years.
This development was originally owned by a Swedish individual who unfortunately fell on hard times and sold the entire estate for a reported €5m to the England based developer Taylor Woodrow. Its fair to say they marketed each consecutive project aggressively through selected high profile agencies on the coast. Fast forward five years to 2008 and the company had some difficulties with banking covenants and as a result of this their share price dropped…
Read Full PostWall Street Journal - Cheap Property In Spain
The Wall Street Journal ran an article yesterday about the current high price reduction properties available in the Costa Del Sol, Spain. The post explained how buses of interested parties view foreclosed (repossessed) properties, looking to bag a bargain.
I have seen a number of tours that seem to be promoting this type of inspection visit and worry about the credibilty of some of these operations. My philosophy has always been that if you develop a strong relationship with a handful of quality realtors you will get access to some genuine bargains. Several of these tours I have seen simply travel from one developer to another and are offered their excess stock. Whilst there is nothing wrong with this, because there are some good deals, I think that…
Read Full PostLa Alcazaba - Puerto Banus Property

There has been a great apartment added to our Puerto Banus property portfolio in the upmarket La Alcazaba complex. This apartment has undergone an extensive renovation, giving it an absolutely flawless finish.
La Alcazaba is well known as a mature, well kept exclusive development with a really fanatastic Pan-Asian restaurant on site called Trader Vics. The complex gives you the feel a whitewashed Andalucian village with charming walkways and beautiful palm trees and foliage.
Puerto Banus is a proven concept when it comes to property rental, with fabulous occupancy rates and high weekly yields more than achievable. This can be attributed to the huge popularity of budget airlines, such as Easyjet and Jet2 operating from many airports around Northern…
Read Full PostDistressed Property Funds
Given the current market place there have been some successful property funds created to take advantage of low price distressed property.
Max Property listed on the AIM (alternative investment market) in London headed up by the omnipotent Nick Leslau has around £200m to spend on distressed property assets. Mr. Leslau has gained an almost celebrity status in the UK and has a seriously strong track record when it comes to the world of property.
Even with the enviable record Nick Leslau has he still found it hard to get the neccessary capital into the fund, showing that appetite for investing is still limited to the real hardcore. In the early stages of the fund Och-Ziff Capital based in the US gave £35m, however "returns of 25-30% are expected in order to…
Read Full PostFour Seasons Business Model
I watched a fascinating interview with the CEO of the prestigious Four Seasons hotel group , Isadore Sharp on Bloomberg today. Listening to someone with such vast real estate experience was a real eye-opener. What did surprise me was that they are a management company rather than a hotel owner.
They specialise in partnering with literally hundreds of property developers around the world and then use their intellectual capital to run these projects as hotels. They carry no real estate assets whatsoever.
Why? Earlier in Mr. Sharp´s career he came close to the edge through ownership of hotel buildings, because of the volatile, cyclical nature of real estate he found too much capital was required and when you are at the bottom of the cycle this could be…
Read Full PostLa Zagaleta Property - The Ultimate Villa

From reading my posts I´m sure you will appreciate just how exclusive this area in southern Spain is, however what we have here is not only in the ultimate location it is the ultimate house to match.
With architecture reminiscent of the Balinese style, this 1100m2 property has a swimming pool that travels partially under the dining room which has squares of transparent flooring enabling you to see exactly what is going on in the water below. With 6 bedrooms and 6 bathrooms each space is clearly defined and finished to the absolute highest of standards.
Set on a plot of 5000m2 and with huge retaining wall surrounding it, you have a totally uninterrupted view of some of the La Zagaleta fairways. Total privacy and security are assured and expected within…
Read Full PostLa Zagaleta Villa - Massive Price Reduction
Our latest listing in la Zagaleta is available for €700,000 less than its former asking price. On the market originally for €4.6 million, this truly exceptional property is now offered at €3.9 million, making it a great long term investment in addition to a superb luxury residence.
This is a big property internally with over 1128m2 internally spread over 4 bedrooms and 5 bathrooms, complete with wine cellar, 3 car garage and almost 5000m2 of mature gardens.
The vendor is absolutely motivated to sell the La Zagaleta property and I think his willingness to drop the price means he won´t have to wait too long.
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Luxury Villa Spain - La Zagaleta Property
This really is a home and a half that we´ve been lucky enough to list through the leading authourity on the exclusive La Zagaleta Golf and Country Club. With 5 bedrooms and 5 bathrooms this mix of modern and classic architecture this villa is certainly one of the best properties within this ultra exclusive location.
This location is one of the most exclusive in the entire country of Spain if not Europe, with the highest level of security and privacy available. La Zagaleta was originally owned by one the richest men in the world, Adnan Khashoggi. His summer residence remains as the community club house.
Development is strictly controlled within La Zagaleta and all the properties must be architecturally sympathetic to the surrounding landscape. Adding…
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I am the owner of First Property Chioce and I am passionate about sourcing fabulous property and ensuring our clients experience the absolute highest level of service. Read More
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