Price and location are key factors in the remarkable investment potential of these beautiful one, two and three bedroom apartments at Terrazas de Iznalloz:
Price
- Pre-release prices mean an opportunity to purchase at greatly reduced rates, with immediate benefit at launch stage when prices will have already risen. This profit is of course to be added to the high growth figures the development is predicted to attract.
- Terrazas de Iznalloz is only 20 minutes from Granada. Such low prices for new quality accommodation in this area are rare.
- Growing tourism in the Granada area is forecasted to create high growth potential within the area’s rural property market (conservative estimates are 20% per annum) while international purchasers are looking inland for lower prices, better capital returns and a more “Spanish” experience.
- Pricing and growth factors in this rural location compare favourably with coastal areas where a saturated market currently often limits re-sale and rental potential. Due to its close proximity to the busy city of Granada, Terrazas de Iznalloz is targeted to supply a demand not only from a growing tourist market in the area, but also from Spanish residents looking to buy or rent in a rural retreat only minutes from the city centre.
- Terrazas de Iznalloz suits ANY investment strategy, be it for a buy-to-let, capital growth or buy-to-flip plan. Resale potential is expected to be very good, due to its proximity to Granada and its location within a strong emerging tourist and property market.
Location
- Many of today’s tourists and property purchasers seek the delights of rural Spain, away from the busy coastal resorts. This development is ideally located on the outskirts of the white village of Iznalloz, in stunning mountain landscape. It affords some of the best features of typical Spanish village life and all necessary local amenities.
- Not only is Terrazas de Iznalloz nestled in peaceful Spanish countryside with unobstructed views to the village, it is conveniently located just outside Granada, the most visited town in Spain, with its rich blend of city life, history and culture. The village also has useful train and bus services to Granada.
- The development is located only 20 minutes from Granada airport, with budget airline connections from the UK via Easyjet, Monarch, Ryanair and Thomsonfly (average return price 85 GBP subject to availability).
- Spain’s premier ski resort at Sierra Nevada is only 35 minutes drive away.
- A new golf course is to be located at only 7km from Terrazas de Iznalloz, adding to the development’s overall attraction.
At 40 minutes from the long, sandy beaches of the Costa Tropical, residents can easily enjoy sunbathing on the beach and skiing in the mountains, all in one day! In addition, several beautiful lakes with bathing facilities can be enjoyed closer to the development.
The fact that Terrazas de Iznalloz is located so near to the city means it should attract not only tourist rentals, but local, longer term tenants as well. Year-round rental is likely to be achieved (conservative estimates are 8% per annum) due to local golf, skiing, beach and city attractions, all within easy reach, while residents enjoy the peaceful surroundings of the Andalucian countryside in which the development is set.
Not to be forgotten of course is the quality design and features of the apartments themselves. Set around a communal swimming pool in landscaped gardens, the apartments form a convenient and intimate environment in which to live and all come with underground parking and individual storage rooms. All units are fitted with anti-slip marble floors in the fully fitted kitchen and bathrooms TV and satellite connections are standard in bedrooms and living room, as is the electronic entry system.
This is a highly recommended opportunity for our IPIN members and represents a rare chance to invest in a superb Spanish location at outstanding value for money. The development is ideally suited to purchasers looking to profit from early, pre-release prices in a new tourist area with a forecasted high growth potential and strong potential tourist and residential rental market.
This early stage of development means not only exceptional prices, but also the opportunity to improve further on investment potential by acting fast to reserve the best units now.