Stroll around the weekly local market feasting your eyes on mounds of colourful and fragrant fresh fruit and vegetables before choosing one of the many excellent restaurants to sample fresh local seafood or a traditional paella; while away a relaxing afternoon sunbathing on the terrace of your luxury villa with splendid views of the Mediterranean before wandering down to the pretty port awash with sleek yachts and sail boats to enjoy a chilled glass of white wine and watch the local fishermen bring in their catch of the day; enjoy a challenging game of golf on one of the many world class golf courses, hire a boat for the day and sail around the rocky coastline to go whale and dolphin spotting or how about a spot of fishing to catch that elusive tuna, marlin or red bream! Located in the most southerly part of Spain on the western coast of the Costa del Sol and enjoying a sub-tropical Mediterranean climate with hot summers and warm winters, there is an excellent range of Calahonda property for sale offering investors the opportunity to become part of this friendly and relaxed seaside resort.
Originally founded by the Van Dulken brothers, through the merging of two large estates, the urbanisation of Calahonda was the site of a fort house, designed to protect local inhabitants from invading pirates. The original planning of Calahonda was to create a residential area of luxury villas, houses and apartments blending in with the stunning scenery and running from golden sandy shores gently up the coast over undulating pine covered hills with superb views of the sparkling blue Mediterranean Sea and surrounding coastline.
Today the urbanisation has a friendly and relaxed atmosphere boasting superb amenities including miles of sandy beaches, world class golf courses, green parks and great bars and restaurants serving a range of international cuisine.
Sports and leisure in Calahonda
Sports are easily incorporated into a Calahonda lifestyle; there are a total of 10 golf courses within a 10 kilometre radius and a wide range of water sports such as sailing, diving, fishing and snorkelling. Tennis enthusiasts are also well catered for with the Club del Sol which boasts 12 all-weather courts and classes for all levels of player. For those just wanting to chill there are miles of golden sandy beaches – safe for all the family – dotted with Chiringuitos (beach restaurants) serving local seafood.
Calahonda Property Investment
Due to its popularity in both winter and summer, Calahonda property for sale is an attractive investment with a strong rental market all year around. Whether you are looking for an investment property for holiday rentals, a beachside getaway, a hillside retreat or an apartment in the middle of the action, Calahonda has something to suit all budgets and tastes.
Luxury villas start at around €400,000 for a 4 bedroom property with private garden and community pool - often with large sunny terraces with views of the sea and golf courses. At the top end of the market expect to pay around €1m for a villa with its own mature garden, private pool and first floor terraces all with panoramic views of the sea and coastline. If an apartment right in town is more your style then there is also a wide range to choose from starting with one bedroom penthouse apartments for €100,000 and going up to over €800,000 for a front line apartment on the beach with views across the Mediterranean to Gibraltar and Africa. Terraced townhouses are also popular and range in price from €150,000 for two bedrooms in a small, quiet and gated community just a short walk from the beach to around €300,000 for beach front properties with direct access to the beach and communal gardens and pool. Townhouses with private gardens are slightly more expensive – around €450,000.
Whether you decide to buy a townhouse with a walled garden, a modern apartment with sun soaked terrace and panoramic views or a luxury and secluded villa gazing out across the sparkling Mediterranean Sea, the wide range and standard of Calahonda property for sale provides investors with the perfect opportunity to buy property in one of the most relaxed and chilled areas on the Costa del Sol and enjoy a quality of life that is second to none.
Although more expensive compared with the rest of Spain, prices in Calahonda are still reasonable so now is a good time to buy. The combination of the sea, the chilled vibe, family friendly beaches and the wonderfully mild climate all year around make Calahonda a perfect holiday and property investment destination.
Guide to the Spanish Buying Process
1. Putting down a Holding Deposit
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.
2. Setting up a Pre-agreement (Contrato privado de compraventa)
The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.
3. The Contract (Escritura de compraventa)
Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.
IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.
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