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Weekender Alicante South Issue 109

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24 FRIDAY 20TH SEPTEMBER 2019<br />

www.weekender.news<br />

Last chance to buy posh pad<br />

LA Zagleta urbanisation,<br />

close to Marbella, is said<br />

to be the most exclusive in<br />

the whole of Europe - and<br />

has just one property left<br />

for sale.<br />

Komorebi House is on<br />

a 3,700 m2 plot, overlooking<br />

the Mediterranean, the<br />

private golf course and the<br />

mountains and can be yours<br />

for a mere €16 million.<br />

The villa is 1,200 m2 with<br />

700m2 of terraces and has<br />

seven bedrooms, eight bathrooms,<br />

a spa, a gym and<br />

pool. The main living room<br />

is 350 m2, larger than most<br />

houses.<br />

La Zagleta has two private<br />

golf courses, a riding club,<br />

clubhouses and a long list of<br />

personal services such as a<br />

by Simon Russell<br />

concierge, maids, home automation<br />

and repairs as well<br />

as someone who will take<br />

care of all that bothersome<br />

Spanish paperwork for you.<br />

If you earn the average<br />

salary over here of €15,500,<br />

you will only have to save for<br />

1,032 years and the property<br />

will be yours.<br />

Sales still on the up<br />

by Simon Russell<br />

HOUSE sales across Spain increasd<br />

by 3.8% in July compared<br />

to the same period in<br />

2018, the National Statistics<br />

Office confirmed this week.<br />

The 47,890 sales was the<br />

highest monthly figure since<br />

May 2008 and showed that the<br />

slight drop in June was a blip<br />

rather than a trend.<br />

For the year as a whole sales<br />

of new build properties are<br />

up by 12.1% and second hand<br />

homes by 2.1%.<br />

Turning billions into millions<br />

by Simon Russell<br />

A Marina Alta urbanisation<br />

that was planned to<br />

be one of the most prestigious<br />

in Spain is up for<br />

sale for 15 million euros,<br />

a tiny fraction of the<br />

projected initial worth.<br />

At the height of the property<br />

boom in 2003 work<br />

started on the Penya Roja<br />

in Pego, a golf development<br />

of up to 2,000 luxury<br />

houses.<br />

However work ground to a<br />

halt in 2008 as the economic<br />

crisis hit and the developers<br />

went bankrupt.<br />

None of the properties<br />

have been completed and<br />

the site has been described<br />

as a “concrete cemetery”.<br />

However the 170,000 m2<br />

plot is still urbanised land,<br />

although any new developer<br />

will have to first decide what<br />

to do with the skeletons of<br />

the hundreds of unfinished<br />

apartments and villas, many<br />

of which have become exposed<br />

to looting and vandalism.<br />

READ US ONLINE:<br />

www.weekender.news<br />

The shell of the Penya Roja project mars the Pego skyline

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