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Project
overview
The
property for sale at the Teguise Greens development in Lanzarote is
situated between the superb 18 hole Teguise Golf Course and the Costa
Teguise coast line. It will be fully integrated into the existing
town and covers a total of 1.6 million m² of land. Just hold
your mouse over the aerial photograph to see the scale of the project.
The resort will be constructed in different phases
and includes a wide choice of properties to suit all budgets from
two and three bedroom apartments, to two, three and four bedroom houses,
as well as luxury detached villas of varying sizes adjacent to the
golf course.
Developments within the extensive overall Teguise project
are released individually. The projects available currently are listed
below. Prices are at this time around 20% below market value and have
been rising steadily during the development.
In short if you are interested in investing, or purchasing
in Lanzarote, either for future retirement, or as a holiday home,
this is the first and probably the only project that you should be
considering. The urbanisation is intended to combine with the current
town footprint, extending inland towards the one and only current
golf course, incorporating the golf course into the town and south
west towards the capital Arrecife.
What is currently
available
1 and 2 bedroom apartments due to be released
in 2008
Cactus and Jameos Self contained low density build resort
of 1, 2 and 3 bedroom apartments with private gardens on the lower
level and a sunny roof terrace on the upper level. Each building will
have just 8 apartments and built on 2 levels. There will be a communal
swimming pool within the resort. Price range Fromk 130,000 Euros Payment procedure
To reserve a unit - 6000 Euros
Deposit payable - In November 2008 10% on contract minus the reservation
fee the remaining 10% payable in stage payments
Balance due - 80% a pre arranged mortgage is available if required Delivery date 2011 For
more information please click here
Acacias Self contained urbanization
of two and three bedroom houses with private gardens, children’s
play area and communal swimming pool. There are 35 properties in total Price range From 195400 Euros Payment procedure
To reserve a unit - 3000 Euros
Deposit payable - 20% on contract minus the reservation fee
Balance due - 80% a pre arranged mortgage is available if required Availability Good Delivery date November 2008 For
more information please click here!
Las Mareas Self contained resort of
two and three bedroom houses with private gardens, communal swimming
and children’s pools. There are 30 properties in total Price range From 203200 Euros Payment procedure
To reserve a unit - 3000 Euros
Deposit payable - 10% on contract minus the reservation fee, a further
10% is payable in 12 months time
Balance due - 80% a pre arranged mortgage is available if required Availability Limited Delivery date August 2009 For
more information please click here!
Luxury detached Villas Luxurious detached
villas on one and two levels adjacent to the Teguise Greens golf course.
Finished to a very high standard with generous plot sizes and including
a private pool Price range From 466000 Euros to 601000 Euros Payment procedure
To reserve a unit - 12000 Euros
Deposit payable - 30% on contract minus the reservation fee
Balance due - 70% a pre arranged mortgage is available if required Availability Limited selection of 3 and 4 bedroom
villas Delivery date Approximately eighteen months to two
years For
more information please click here!
Location of
available projects and properties
Below you can see an aerial image of the site showing the location
of the current Teguise Greens projects in relation to the existing
urbanisation. If you hover on the resorts it displays a short overview.
Click on the resort to open the information page for this project.
Future
projects and releases
There are more resorts to be released over the coming
months and some will include apartments.
Please register your interest if you would like to be added to our
future release list and we will keep you up to date with the project
by email, to
register please click here.
The whole urbanisation will take many years to complete
and IPS will be active on this project as long as it continues to
offer a strong investment opportunity. We believe that properties
available at the Teguise Greens resort will provide significant growth
and Lanzarote will establish itself as the premier location within
the canaries.
Our Opinion
- Investment potential
Why Lanzarote?
In a European survey Lanzarote was judged to have been
the best holiday property investment over the past 10 years in the
whole of Europe.
Being a small island, the amount of land able to be
built upon is very limited (90% of all land in Lanzarote is protected
and can not be built on). This short supply combined with a demand
that is fuelled by the attributes mentioned below make the Island
a great place for not only investing but also purchasing a home in
the sun, whether it be for part-time or fulltime residence.
A combination of a fabulous climate, proximity to all major European
Airports, a modern infrastructure, EU membership, a buoyant tourist
economy, an open banking system and a finite amount of land have provided
the vehicle for great property returns over the last ten years. The
Island has seen average annual capital appreciation of over 10% for
the past ten years.
The all year sunshine and hence extended tourist season has provided
and excellent background for both rental returns and for those seeking
to buy either a holiday home or permanent residence.
Having full EU membership has encouraged many residents from other
EU states to relocate to Lanzarote and make it their permanent home.
Such moves have further increased the demand for property over recent
years and created good fundamentals for future appreciation.
In addition these properties are priced significantly below market
value, at least 20% lower!
To summarise, demand will continue to outstrip supply, the entry
prices are amongst the lowest in Spain and the deposit / payment structure
allows for maximum growth on invested capital.
The developer
With over 25 years of building experience in the Valencian region,
this developer has built up an excellent reputation which now affords
them the luxury of being able to establish their projects in the best
locations. Their diverse portfolio of developments has primarily been
within the Spanish housing sector and they are now developing with
the overseas market place in mind.
Mortgage
A mortgage package is available on completion, pre arranged with the
bank that is funding the project at favourable terms and reduced taxation.
Alternative funding will be offered by IPS.
Guarantees and indemnities
All necessary licenses are in place and all funds will be bank guaranteed.
The
location
Location report profile
Closer to Africa than Spain, drier than parts of the Sahara, ecologically
friendly, and a visitor’s delight. These are just some of the
assets of Lanzarote, the most easterly island of the Canaries. Another
title, Land of 100 Volcanoes, understates the influence nature has
had in sculpting this fascinating island.
Some of the island's beaches are covered with black volcanic sand
but many are clothed in the golden sands of the nearby Sahara including
the beach closest to our featured development. This geographical proximity
to Africa is often overlooked by visitors dining on Spanish-style
tapas, paella and creative Canarian cuisine at the island's vast array
of excellent restaurants.
Average daytime temperatures loiter around the 20°C mark and
rain is rarely part of the vocabulary used by Lanzaroteños.
In fact, the island receives less rainfall than parts of the Sahara
desert, falling on an average of only 16 days per year, usually between
December and February.
Most of the 65,000 inhabitants of this island live on the south-facing
coasts, half of them in the capital Arrecife. Before 1852, Teguise
held the mantle of island control. This small town is still regarded
by some locals as the 'real' capital, to them Arrecife is merely the
main harbour. For elegant architecture and pretty plazas, Teguise
definitely rules the roost.
Costa Teguise was developed within the municipality to cater for
the influx of visitors keen to share a lifestyle vision of white alleyways,
piercing blue skies and transparent waters.
The island has managed to embrace tourism and nature with a much
more laid back feel than its sister islands of Tenerife and Gran Canaria
due in large part to the world famous artist César Manrique's
sensitive response to Lanzarote´s unique geography and people.
Great care has been taken in preserving its historical and artistic
heritage, its monuments and characteristic houses, local festivals
and customs and this care has been extended with regards to building
regulations ensuring that all developments are restricted to a maximum
of two storeys.
The location of the Teguise Greens development site
Airport Access
Arrecife airport is located between the town of Arrecife and the tourist
resort of Puerto del Carmen. Located just a 20 minute drive away from
this development.
Nearest beach
Costa Teguise has beautiful sandy beaches within easy reach and offers
all the usual amenities such as bars, cafes, restaurants, nightlife.
As well as the main beach “Las Cucharas” there are also
several smaller coves within easy reach. See our video report on the
beaches at Costa Teguise for more information.
Also easily accessible are the fishing villages of Arrieta and Orzola
where there are restaurants for you to sample the catch of the day!
Golf course
Teguise Greens is situated at the foot of the old volcano and is currently
the only golf course on the island. The golf course has been purchased
by the developer to complement the project and extensive plans have
already been approved to develop and expand the facilities.
The golf course at Costa Teguise is an extremely well established
golf course constructed in 1978 by John Harris. It is a 72 par course
and fairways range in length from 4938 metres to 6041 metres at their
longest. The course is suitable for more advanced players as well
as those that are more modest.
From every part of the course you have views of the ocean and the
volcanoes. The greens and the fairways are surrounded by local plants
and include more than 3000 palm trees. The warm sub tropical climate
allows you to play at any time of the year.
Special arrangements are going to be available for all property purchasers
details of which has not yet been released.
Other visitor attractions
There is an established water park a few minutes walk away and plenty
of other facilities around the beach areas as the resort is fully
established such as a wind surfing school and a diving school.
More Information
Video
presentations
These videos we have taken and produced inhouse to
help you have a better understanding of the Teguise Greens development.
These videos have been uploaded on to You Tube, please double click
the play button to start watching. Or choose the help button for more
information on how to view.
The Teguise Greens project in Lanzarote
The Teguise Greens show home
Report on the beaches at Costa Teguise and the site
location
The Teguise Greens Golf Club
Further information
If you would like to see site plans, floor plans, building specifications
and a complete price list please ask and we will send them through
by return.Please
click here!
FREE 20 Page Investing in Property Guide Our extensive over 20 page Off Plan and Investment Property
Guide is totally free and will answer all your questions regarding
buying property off plan in Spain to enable you to make informed choices
and avoid the pitfalls. To receive your copy Please
click here!
Disclaimer
The information in this website is provided by IP SPAIN and whilst
we endeavour to keep the information up-to-date and correct, we make
no representations for warranties of any kind about the completeness,
accuracy and reliability with respect to the website or the information
within the website. Any reliance you place on such information is
therefore strictly at your own risk. If you have any questions about
this website or the services we provide please feel free to contact
IP SPAIN.
The
property for sale at the Teguise Greens development in Lanzarote is
situated between the superb 18 hole Teguise Golf Course and the Costa
Teguise coast line. It will be fully integrated into the existing
town and covers a total of 1.6 million m² of land. Just hold
your mouse over the aerial photograph to see the scale of the project.
Further information