18 October 2011
Posted in Homes and Away

Wouldn’t we all like to be able to forecast when interest rates were next due to rise or fall to help us manage our mortgage debt? Well unfortunately none us is blessed with this knowledge. But recently it has been reported in the press by a number of independent experts that we can expect no interest rate rise until late 2013, however in the last six months this date has varied dramatically from late 2012 until early 2015 with many dates also forecast in between. The main reason for not being able to predict this is of course inflation.

I mention this because with fixed rate mortgages being at rock bottom and the Banks looking for new mortgage business there has never been a better time to buy a property with a fixed rate mortgage. This gives you the ability to plan well in advance your outgoings and believe me if you can afford a mortgage now on any property in the Golf del Sur/Amarilla Golf region, then you will definitely be able to manage it in the future.

So for those of you looking to purchase your property with a mortgage then bear this thought in mind.

Golf del Sur Property Investment

In the last year we have seen an increase in people investing their capital in Golf del Sur property and Amarilla Golf property and the main reason behind this is low interest rates given on their savings by Banks. Meaning that if you purchase a Golf del Sur property or in Amarilla Golf, keep it until after the recession and then sell it on at a profit once prices rise again, your capital gain will far outweigh the growth obtained through savings.

Quieter Week in the Homes and Away Office

It has been somewhat quieter this week which has given me plenty of time to catch up on the end of third quarter accounts and pass them on to our gestor. It is from our point of view the lull before the storm as we are due a number of prospective buyers over the coming weeks. As mentioned in previous blogs things look to be on the up in the Tenerife property market.

Another Great Property Bargain in Amarilla Golf

If you are looking for a holiday home or even a home to spend the winter months in, then you need look no further. The Amarilla Golf property pictured above is a 2 bed 2 bath bungalow situated at the far end of Amarilla Golf on the small but sought after complex of Ocean Ridge. This property is an excellent investment and should be viewed at the price of £159,000

To View Any of Our Properties in Amarilla Golf or Golf del Sur

If you would like to view any of our properties in Amarilla Golf, Golf del Sur or anywhere in Costa San Miguel, we are always available at our office in Golf del Sur - just next to the Banca March in the San Blas Centre. You can also contact us by phone on +34 922 737044 anytime for a chat