31 Jul 2017 8:32 PM:
Hi Paul,
Sareb was the property authority that was set up by the Spanish authorities following the Financial meltdown, in essence it contains the former property assets of mostly defunct property developers who owed the Spanish banks £’Ms but were unable to meet their financial obligation most notably Polaris World.
Sareb have been releasing various property types in a slow structured manner over the last number of years. I myself purchased a villa on HDA last year but I also looked at apartments.
Personally I chose to invest on this complex due to the following reasons:
- The quality of finish and room sizes are better than similar resorts such as Candado de Alamo (formerly Polaris World).
- The resort is large, it is clean and well maintained by gardeners and security.
- The club house and restaurant are impressive with great views.
- Corvera Airport will be opening in 2018 which can only be good for HDA.
My negatives so far are:
- There is no supermarket on site so you have to drive to Fuente Alamo which has other amenities such as a bank and restaurants.
- Hiring a car is a must as resort is somewhat isolated and public transport to HDA is non existent.
- Resort is still quite quiet but much busier than a year ago, I actually have neighbours now.
- The flights from Murcia have gone up steeply recently, I flew from Alicante airport in mid July as it was much cheaper.
The other thing I would share with you should not forget to budget for the costs of fixtures and fittings, maintenance, furniture pack, Wimax broadband and alarm.
Community thread:
Hacienda del alamo/fuente del alamo
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