22 Jan 2012 12:40 PM:

 Long story Bri.

We have a house in Lucainena de las Torres but, as I work just outside Villaricos, it is better for us to rent here as I work long hours and the 50 minute drive to and from work was a bit of a pain, let alone the cost. We had found a place in Villaricos to rent short term but were not really happy here so we decided to have a look around. We had the attitude of don't discount anything until you have seen it so had a look at places on Lomas del Mar, Thalassa etc but found that area wasn't for us.

We have now found a beautiful apartment overlooking the sea as you approach Villaricos and move there on Feb 1st.

Thread: has anyone purchased at Lomas, Vera Playa, 2 bed 1 bath from €59k

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22 Jan 2012 12:19 PM:

 Good post Bri.

We have been looking at a long term rental around the area over the past few weeks and there are loads to choose from so the chances of renting out a property may be pretty slim. Last summer I understand was reasonbly quiet so the prospect of making decent money then may be limited as well. I reckon the properties mentioned may be a good bet but more for the long term, but if the area grows like it looks like it may in years to come there are going to be thousands of apartments which may put people off.

Oh for the crystal ball

Thread: has anyone purchased at Lomas, Vera Playa, 2 bed 1 bath from €59k

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21 Jan 2012 8:30 PM:

 You could well be right, in 5 -7 years you could be looking in terms of those figures. 

I think that the apartments on sale are the first release for Lomas del Mar 5, not sure how many more there are but its a fair size site. The are numerous similar apartments up for sale in close proximity and as I understand it, not many are shifting, I think it will take some time for prices to pick up. Also, depending on which report you read, we have not reached the bottom yet regarding the housing market and prices could well fall this year again.

Having said all that, the price of these apartments is good and they are a good quality. If I had 60k sitting around I may have been tempted for investment purposes myself. Oh for a crystal ball...

Thread: has anyone purchased at Lomas, Vera Playa, 2 bed 1 bath from €59k

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21 Jan 2012 8:16 PM:

 For investment it may be a good deal. May take quite a few years to really make on it, but if you are prepared to wait, why not.

Thread: has anyone purchased at Lomas, Vera Playa, 2 bed 1 bath from €59k

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21 Jan 2012 12:51 PM:

 We had a look at them with a rep from Cam Bank, look good value but not really for us for full time living. Not much within easy walking distance as yet, I am not sure if more in the way of commercials is planned for the area, but with the present climate that is liable to be a long way off.

Thread: has anyone purchased at Lomas, Vera Playa, 2 bed 1 bath from €59k

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