11:23 AM · Comments Off on 10 Steps to Buying Property in Spain · Categories: News from Marbella Costa del Sol, Property For Sale · Tags: , , , , , , , , ,

10 Steps to Buying Property in Spain

12:47 PM · Comments Off on Spain – Cheapest Property in the EU · Categories: News from Marbella Costa del Sol · Tags: , ,

BUYING real estate in España is cheaper than elsewhere throughout the EU.

As shown by the annual analysis on Spain’s realestate market conducted by Deloitte, the proportion of finance spent by households on mortgage payments – rate of effort – has been consitently falling in recent years and it currently stands at thirty 3 per cent, as a consequence of the decline in house values registered since the beginning of the recession.

Moreover, the standard home cost in Espana is 4.4 times the individual gross wage, compared to most various countries throughout the European Economic Community where the cost is on the average 6.1 times the individual gross wage and UK and France, whereby the quantity is 8.5 and 7.9 times the individual average earnings.

For the fourth year and compared to most of the country, property house owners in Barcelona and Guipuzcoa have had to pay an even bigger proportion of their earnings on mortgage payments, given the high cost of housing in those provinces.

On the opposite end, obtaining properties in La Rioja, Lleida and Pontevedra is easily obtainable, since the rate of effort is lower than thirty per cent.

Increase in Sales Costa del SolThe Spanish property market due to the rise in sales of residential properties grew by eight per cent in June 2014 in comparison to last year.

Sales stats just released from the National Statistics Institute, indicate that Spain has seen a year on year jump in property sales for four consecutive months, ending a ten month drought of year on year declines.

Valencia boasts the largest increase of housing sales per 100,000 residents, followed very closely by the Canary and Balearic Islands.

In addition, Madrid performs the highest, with a 30.4% increase. Extremadura, with 25.7%, and Navarra, at 19.3%, placed at 2nd and 3rd.

There has been large amount of property sold on the Costa del Sol this year. Putting this into perspective: there have been 4 New housing developments on the Costa in 2013 compared with none during the last 3 years. Potential developers have to stay grounded though, as 30% of recent homes on the Costa del Sol are yet to be sold.

An average 2 bed apartment on the Costa can go for €196,956, while a family home comes in at about €393,520.

Experts prediction is that the Spanish property market is should stabilise towards end of 2014.

10:38 AM · Comments Off on Positive economy indicators for the Costa del Sol · Categories: News from Marbella Costa del Sol · Tags: , , , , , , , ,

A huge influx of tourists in 2014 is not only visibly noticable in Marbella but other areas of Andalucia also. Projections from experts predict approximately 10 billion euros will be created in 2014 in  Andalucia meaning other councils are making improvements as well which is great news for the construction sector.

The influx of tourists to Marbella this year has made such an impact that the town has been added to a select list of areas that is allowed to open on Sundays, which is great news for the local residents and also for tourists.

The local elections are less than a year away now and one of the most eagerly anticipated projects in 2014 is due to start after the Summer in Estepona. The so-called Grand Boulevard is a massive project that will transform Estepona and it´s surrounding areas and will have a new shopping centre, additional tourism related attractions and a new recreational centre. This project has a large price tag of 30 million Euros however it is privately funded, in addition however the local council is financing a multi-millon euro botanical park due to be the biggest orchid collection in Europe.

In other areas on the Costa del Sol development of museums, tourist attractions, theatres, and infrastructure in Velez Malaga, Malaga City, Benalmádena, Mijas (old town), Rincón de la Victoria, Alharurin del Grande, Cartama and Fuengirola is due to start. All of the projects across all of these areas on the Costa del Sol should bring in many more tourists, but it will also boost the local economy and reduce unemployment considerably.

12:20 PM · Comments Off on Leading the way for Property Recovery Costa del Sol · Categories: New developments Marbella, News from Marbella Costa del Sol · Tags: , , , ,

Studies has shown evidence that there has been a considerable increase in property prices between Marbella and Manilva. New off-plan developments have reached their rock bottom prices and are now showing a rise due to foreign demand.

2 areas in Spain are showing concrete signs of recovery, Costa Blanca and Costa del Sol. This study gathered information from sixty costal regions of Southern Spain and showed due to financial institutions lowering property prices that housing was now selling faster.

Things are still premature in respect of the Spanish construction industry but areas in the Costa del Sol and Costa Blanca are giving very positive signs. Developments in the Estepona and Marbella area, which have been built for the foreign market are building great interest.

The general view is that property prices are now slowing down but this only seems to be in some  areas of Southern Spain where tourism is high. For example prices on the Costa del Sol have dropped to their lowest to about 1.1%  in the first quarter of 2013 & 2014.

Predictions are that sales could increase as much as 25% this year in Marbella due to demand by foreign buyers.

11:00 AM · Comments Off on Property sales increased more in Marbella last year than anywhere else in Spain · Categories: News from Marbella Costa del Sol · Tags: , , ,
The property market in Marbella is recovering and the town is now showing signs of being a leader in this sector. This emblematic town on the Costa del Sol ended last year with a total Property Sales increasedof 3,115 property sales , a figure which is similar to that of 2007, before the bubble burst. In terms of total figures, Marbella is now in a similar position to Malaga city, where the recovery in the property market has failed to take off and the number of sales has fallen for three consecutive years.
The results for property transactions last year, which have just been released by the Ministry of Development, reveal that Marbella is the Spanish town in which the number of sales has increased the most, by 23.6 per cent.
09:00 AM · Comments Off on New expat residents association launches in Estepona · Categories: News from Marbella Costa del Sol · Tags: , ,

AN EXPAT residents association has been launched in Estepona, which will fight the corner of the town’s large number of foreign residents.New expat residents association launches

The Associacion de Residentes Extranjeros de Municipio de Estepona (AREME) will speak on behalf of its members with public institutions, with the aim of improving services and provisions in Estepona.

It already boasts one coup, successfully reinstating the local bus service.

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09:00 AM · Comments Off on Mini housing boom in Malaga’s ‘Golden Triangle’ · Categories: News from Marbella Costa del Sol · Tags: , ,

LUXURY housing in Malaga’s so-called ‘Golden Triangle’ is leading the way in the resurrection of the construction industry.Mini housing boom in Malaga´s 'Golden Trianlge'

The ‘Golden Triangle’, made up of Marbella, Estepona and Benahavis, is seeing an increase in both the sales of homes and in the construction of luxury housing.

During January and February of this year, Marbella Town Hall has seen an increase of 20% in the licences for luxury homes.

So far the town hall has authorised licences for 18 new housing projects with a combined worth of over €9million.

If construction carries on at this pace, the number of projects for 2014 could be double that of last year, which ended with a total of 64 licences issued.

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11:28 AM · Comments Off on Spanish market offers bargain basement homes · Categories: News from Marbella Costa del Sol · Tags: , ,

ALMOST one third of Spanish houses are on the market for less than €100,000.Price Fall

The number of houses sold at that price or less over the past 12 months is even higher -around 64% – according to property site Globaliza.com.

The figure has surged from 2.9% before the onset of the economic crisis and ensuing collapse of the real estate market.

A staggering 68% of houses in Sevilla were sold for less than €100,000 in 2013.

The average property is a three room flat, 83 square meters in size, located in middle class areas of towns and cities.

These properties have lost around 48% of their market value over the past six years, and 7% of their 2007 values have been lost over the past 12 months.

The value of Housing in Malaga, meanwhile, has lost over half its value, 56%, since the property bubble burst. A total 16 percentage points of this decline has come in the past year.

A report by Technocasa found that factors affecting prices in Malaga are as simple as the availability of a lift in an apartment block; those with the facility are priced an average 12% higher than those without.

Olive Press orginial article

02:17 PM · Comments Off on New Development Diamond Beach Marbella · Categories: New developments Marbella, News from Marbella Costa del Sol

An amazing NEW project located in Puerto Banus. Senior and Junior villas ranging from 3 to 5 bedrooms starting at only 1.1M Euros. Spectacular views to sea, each property comes with a small private garden and pool. Will be built on 3 levels with basement floor, main floor and first floor.

Specifications include:

  • Panoramic lift, automatic with perimeter glazing, from basement floor to terrace floor
  • Fireplace in living-dining room, modern type home built in wall with glass door, conventional system of wood or gas with security control
  • Safebox in principal-suite bedroom and first floor bedrooms
  • Security room on the first floor (a bathroom of your choice), composed of solid reinforced concrete walls, bulletproof glass and security door to test firearms with alarm and communication system independent and protected against intruders.

For more information click here.