Property Select

Alcudia Smir is a large resort currently under construction on the most prestigious stretch of Mediterranean coastline close to the Spanish enclave of Ceuta. The development sits atop a hill on land that gently slopes down to the sea about 100 metres away, with the Atlas mountains towering behind. The project is set in Mediterranean gardens and contains apartments and villas as well as swimming pools, a security service, a souk (commercial area), a four star hotel and a park area for games or an evening stroll. This development can expect double digit capital growth over the next few years and would also make a great buy-to-let investment.

The one, two and three bedroom apartments are the last few remaining units in Phase One of the development. Phase Two will be launched in the coming months at prices above this level, enabling investors to quickly see instant equity on the property. One bedroom apartments begin at £110,000 with prices rising to £140,000 for a three bed garden apartment.

Also available are three and four bedroom villas that represent a great opportunity to by Med coast property at rock bottom prices. They start at only £141,000 (210,000 euros) and must represent one of the best investments in the Mediterranean available today.