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Teguise Golf Resort
A fantastic opportunity for our investors to buy into one of the highest performing markets in Europe with an incredibly low deposit of only 10% NOW and a further 10% paid over 12 months . Nothing further to pay until completion.
General description
The Teguise Greens development situated between the top notch 18 hole Teguise Golf Course and the Costa Teguise coast line, covering a total of 1.6 million m2 of land. The resort is being built in different phases offering a wide choice of properties to suit all budgets. Available are 1, 2 and 3 bedroom townhouses and detached villas with private pools.
Development location
In a slightly elevated situation midway between the sea and the Teguise Golf Course offering superb views either over the Atlantic Ocean or the sub tropical 18 hole Teguise Golf course.
Investment Features
Low deposit payment terms – 10% payable now and a further 10% payable over 12 months
Average 10% compounded property growth for the last 10 years (Source: La Bolsa)
Thriving rental market with a staggering 1479.737 foreign visitors in 2004 (Source: Government of Canary Islands)
Tight development laws in place restricting over development of the island
A golfer’s paradise having close proximity to the established 18 hole Teguise Golf Course, the Island’s only course – playable now Main town of Arrecife within a 10 minute drive away, with the airport a 20 minute drive away
Close proximity to the beach
Three quality hotels within the resort development Sports centre complex with a gym, tennis, football.....
Climate offers an average all year round temperature of 21°C
Payment schedule
Deposit required 10% followed by an additional 10% payable over 12 months - all payments to include 5% sale tax (IGIC)
The balance is payable on completion - pre arranged mortgage available
Prices
Prices from around 150,000 EUROS for the 1 bedroom townhouses
Prices from around 400,000 EUROS for a villa.
Investment potential, our opinion
Why Lanzarote?......... In a recent European survey Lanzarote was judged to have been the best holiday property investment over the past 10 years in the whole of Europe.
Being a small island, the amount of land able to be built upon is very limited (90% of all land in Lanzarote is protected and shall not be built on). This short supply combined with a demand that is fuelled by the attributes mentioned below make the Island a great place for not only investing but also purchasing a home in the sun whether it be for part-time or fulltime residence.
A combination of a fabulous climate, proximity to all major European Airports, a modern infrastructure, EU membership, a buoyant tourist economy, an open banking system and a finite amount of land have provided the vehicle for great property returns over the last ten years. The Island has seen average annual capital appreciation of over 10% for the past ten years.
The all year sunshine and hence tourist season has provided and excellent background for both rental returns and for those seeking to buy both a holiday home or permanent residence. Having full EU membership has encouraged many residents from other EU states to relocate to Lanzarote and make it their permanent home. Such moves have further increased the demand for property over recent years and created good fundamentals for future appreciation. To summarise, demand will continue to outstrip supply, the entry prices are amongst the lowest in Spain and the deposit/payment structure allows for maximum growth on invested capital.
Anticipated rental income
For similar 2 bedroom, 2 bathroom properties with communal pool and gardens in Lanzarote
High season 700 Euros p/w
Mid Season 550 Euros p/w
Low season 400 Euros p/w
Development description
Teguise Greens development will cover an area of 1.6 million m2 of land with many property types so there is something on offer for everyone from apartments to luxury villas on spacious plots of land. The resort will be home to three luxury hotels, an extensive sports complex, a large shopping centre hosting well known shops such as Carrefour or Mercadona, Zara, Massimo Dutti and many more well know shops. Some of the properties will have views over the Teguise Golf Course and some will have views of the sandy beach of Teguise Costa. The development will consist of low rise properties of no more than two storeys, in keeping with the local architecture, commuanl gardens, childrens play areas and swimming pools.
Predicted project completion date
Each phase will have an approximate 2 year build time.
Further information
Floor and site plans are available please ask.
Golf course available locally
Costa Teguise Golf Course is a well established golf course being built in 1978 by John Harris. The course is a 72 par course which ranges in length from 4938 metres to 6041 metres at its longest. From every hole you have views of the ocean and the volcanoes and the greens and fairways are surrounded by local plants and palm trees which add to this sub tropical atmosphere. Due to the sub tropical climate that Lanzarote offers, you are able to play golf here all year round.
