Posted: Sat Sep 29, 2018 6:39am
Hi Jane,
Here's a little information about the area and the properties that might help you decide, I'll be quiet about Brexit because that really is an unknown entity, apart from the fact that on the Spanish side, (going by what I see and hear on Spanish media) there is no interest in causing any problems.
If you have a car, the location is top. In under 15 minutes you can reach Los Balcones,San Miguel, Ciudad Quesada, Benijófar, Rojales, Los Montesinos and the beach in Moncayo. The motorway is also under 10 minutes from the development and Torrevieja is less than 20 minutes.
Vista Bella used to be called Entre Naranjos and came to life about 15 years ago, but due to the recesssion the developer ended up in financial difficulties and the bank foreclosed. I imagine it would be around 5 years ago now that a Spanish Developer bought the plot etc., from the bank and started to build. They own the whole of the area and will be constructing villas, semis and maisonettes. Originally the Golf Course was 9 hole but was increased to the full 18 and the developer is also going to be building a new club house. On site at present you have a small supermarket, chemist and a few bars and restaurants all of which are open all year. There is a mixture of full time and part time residents and due to the fact that the original houses have been there for more than a decade there is an established community.
To put your mind at rest, I do business with Vista Bella and I know all licences etc., are in place and they also offer Bank Guarantees on interim payments and this is something they couldn't do if anything was amiss. On the downside, if you decide to wait until after Brexit you will probably end up paying around 10-15% more on the nett price of the property. The reason for this is that many of the people buying there at the moment are Belgian, Dutch and French and they are obviously not effected by Brexit and each time a new Phase is released the price goes up.
If you need up to date information please feel free to drop me a line, I would also advise you to get independant Legal Advice before you make any purchase.
I hope this helps and Good Luck.
Best,
JP