Released on = January 22, 2007, 9:23 am

Press Release Author = Principal International

Industry = Real Estate

Press Release Summary = Principal International in association with one of Europe
and the UK's leading quality house builders has recently announced the acquisition
of a site to build a new luxury development in Competa, on the Spanish Costa del
Sol.



Press Release Body = Principal International in association with one of Europe and
the UK's leading quality house builders has recently announced the acquisition of a
site to build a new luxury development in Competa, on the Spanish Costa del Sol.

The site to be named Terrazas de Competa will consist of 50, 1,2 and 3 bedroom
luxury apartments which are being released for sale off plan early 2007.

Competa is situated at the foothills of the Sierra Almijara 700 meters above sea
level with stunning views over the countryside. The development is 11 kilometres
from the coast, and set amid a typical Spanish whitewashed town, adorning a
labyrinth of narrow cobbled streets and charming plaza's.

Translated "crossroads" or "meeting place" Competa is located 45 minutes from the
nearest international airport just east of Marbella and the pretty town of Nerja.
There is an annual wine festival in August aptly named "Night of the Wine" where
tourists can sample locally produced sweet and dry wines amidst a flurry of Flamenco
dancers and Sevillana music.

The town whilst small and traditional is totally self sufficient boasting a
magnificent 16th century church , a bustling food and flower market and several
shops restaurants and bars. This makes it an ideal tourist getaway whilst retaining
the local charm and history of a typical old Spanish town.

Spain is set to become one of the most popular destinations for the British investor
in 2007 but experts say that the more shrewd buyers will be looking for property in
the upper end of market. Taylor Woodrow undoubtedly has a reputation for building
quality units both here and in Europe and this development is certainly expected to
fall in this category. With the climate and low cost of living still being major
factors in deciding where to holiday, investors are expected to snap up these units
and cash in on the rental opportunities that the Spanish market continues to
provide.

If you are looking for your Spanish investment property then see our selection at
www.principalinternational.co.uk or contact us on 0800 038 0000.

Principal International has been created by investors for investors with links to
mainly UK based developers. Principal International offers overseas investment
properties in Australia, Barbados, Bulgaria, Cyprus, Dominican Republic, Dubai,
Portugal, Spain, Thailand and Turkey.

Web Site = http://www.principalinternational.co.uk

Contact Details = Shaun Woodward
6 Chertsey Road
Woking , GU21 5AB
$$country

+441483748629
press@principalinternational.co.uk
http://www.principalinternational.co.uk