property
words by Camilla Tjellesen
mañana? no problem
We all know the problem. You’ve found your new dream home, but you haven’t sold your old one yet. What do you do? In Spain, where the average time it takes to sell an apartment has increased by over 40% over the last two years, this problem can now be taken care of with a new type of mortgage, called ‘cambio de casa’, meaning ‘change of house’. This new product offers you a three-month holiday from your mortgage, and then two years’ worth of repayment equivalent to your existing mortgage. If for some reason you can’t sell your house in those two years, the mortgages will be rolled into one. Good news for those who want to snap up that new dream home without worrying about selling the old one straight away.
what you get for your money in… bulgaria’s black sea resorts
Price: €87,919
Property: 47.22 m2 flat, sleeps four
This light and airy flat in the huge Obzor Beach Resort is right on the beach in Bulgaria’s version of the French Riviera, Obzor, and is a great option for those on a tighter budget, but who still want to be close to the sea. The flat has an open-plan kitchen and is decorated to normal Scandinavian standards. Obzor is about 40 minutes from Varna airport.
Price: €140,939
Property: 121.52 m2 flat, sleeps six ·
This spacious flat with a beautiful seaview is situated in another of Obzor’s resorts, the smaller and more exclusive Obzor Beach Club. Right on the beach and just a few metres walk from the old idyllic town, this flat is perfectly situated, and comes fully furnished and with a terrace for enjoying the sun and the view.
Price: €375,838
Property: 212 m2 flat, sleeps six
This luxury flat complete with lovely big terraces can be found in Byala Beach Resort, in the small town of Byala, 40 minutes away from Varna. The four-star resort is currently being built, and will therefore be brand new when you move in. As the resort is built on a hillside, the flat has an amazing view to the sea, and the child-friendly beach can be reached by stairs or elevator from the luxury resort.
The above properties featured are on sale with www.sunliving.dk
hotspots where to invest in… the côte d’azur
This issue, Filip Wretman of Wretman Est ate & Consulting, based in and around Nice, picks out the hotspots to watch:
1. Cagnes-sur-Mer – “This coastal resort is enjoying a breath of fresh air since undergoing enhancements such as extensive renovations of its seafront boulevard. Efforts have paid off. Cagnes-sur-Mer, the fourth in size on la Côte d’Azur, has seen a 13.8% price increase for homes sold in 2007. Yet at €4,300 per m² for apartments, it’s still a ‘reasonable’ area.”
2. Grasse – “The world’s perfume capital is located a short distance from more prestigious seaside destinations. At just over €3,600 per m² for apartments, this is one of the most affordable towns in the area right now. Great efforts are being made to revitalise the old town, including making many of the streets pedestrian zones. Real-estate bargains won’t last too long, though.”
3. Nice – “After years of work, the largest city of the French Riviera is finally reaping the benefits of its facelift, the tramway. It’s a 21km line linking northern districts to areas like Saint Roch to the east, via famous Jean Medecin Avenue and the now splendid Place Masséna. Significant improvements have been made along its route, positively impacting neighborhoods otherwise considered dull. Prices of flats next to the tram are seeing the highest boosts and new lines are scheduled.”
For more information, see www.wretmanestate.com
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