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New locations with higher yields means spain is still worth looking at

One particular iconic project is nearing completion and unlike some large developments it is on time and budget.

Spain's largest golf resort Costa Esuri covering 6.5 million square metres of land, encompassing 6,000 properties and two 18-hole golf courses is well on course for completion.

'It's quite extraordinary how much the developers of Costa Esuri have achieved in such a short space of time. Less than five years since earth movement began, over 3,000 properties have been delivered, the first of two 18-hole championship standard golf courses designed by José Canales and under Aymerich Golf Management opened back in December 2006 and the second will be unveiled in July 2008,' said Andrew Benitz, Director of western Costa del la Luz real estate agents, Titan Properties.

A 15,000m² commercial centre containing four storeys of high street stores, boutiques, restaurants, bars, a bowling alley and Eroski supermarket is well underway and zones have been designated for sporting facilities plus four and five star hotels, the first of which, a 272-room, is to be open by the end of 2009.

'The majority of development infrastructure is now in place at Costa Esuri, from roads to children's play areas, and the developers are now investing heavily in landscaping to the tune of €600,000, planting hundreds of trees and plants around the site, added Benitz.

They have also announced a 1,423-berth marina capable of accommodating super yachts alongside 40,000m² of commercial space, a Spa and nautical club due for completion in 2010.

It is one example of how well planned developments can still deliver what they promise. Paul Collins of the Buy Association said there will always be opportunities in Spain for investors.

'Spain will always be popular with British overseas buyers. The market has changed. Many investors now look to locations where they might get higher returns,' he added.

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