Archive for the ‘Business Investment Opportunities’ Category
Thursday, April 29th, 2010
There is a positive rumble within the overseas property industry about Spanish property. Professionals and experts from all areas of the sector are emerging with encouraging results for the first quarter of 2010 and upbeat predictions for the rest of the year.
A number of sources have now quoted the increasing interest, one, in overseas property in general, and two, more specifically for Spanish property. In addition, the Costa del Sol and in particular the coastal resort of Marbella is showing promising growth. Marbella property has recorded 200% growth in property sales during the first quarter of the year.
The Overseas Property Professional (OPP), report increased interest from both lifestyle buyers and property investors alike. A Place in the Sun has also predicted Spain to be the best destination for property investors during 2010.
Overseas mortgage specialists, Conti Financial Services, recently confirmed an increase in mortgage applications by 48% in March on the previous month. The severe winter experienced in the UK has been cited as a contributing factor for the rising interest in overseas property, with many revisiting the idea of purchasing that property in the sun.
Clare Nessling, Operations Director at Conti, said, “The most popular destinations amongst our clients are still France and Spain, both of which come with easy access and good rental opportunities”. She particularly highlights bargain hunters in Spain. “Confidence is definitely growing, but there’s also an element of buyers snapping up bargains in traditional hotspots while they have the chance.”
Source: Kyero.com, Property Showrooms
Tags: Business Investment Opportunities, Costa del Sol, Investment Property in Spain, Investors in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Reduced Property, Selling Property in Spain, Spain
Posted in Business Investment Opportunities, Costa del Sol, Investment Property in Spain, Investors in Spain, Marbella, Property in Spain, Property on the Costa del Sol, Reduced Property, Selling Property in Spain, Spain | No Comments »
Monday, April 19th, 2010
Record property sales have been confirmed by the Marbella tax office for the first 3 months of 2010. 2,499 Marbella properties were sold during January, February and March representing a 200% increase on the same period of 2009 during which 820 properties were sold.
The number of Spanish properties sold this year has even surpassed the same period in the boom years; 2008 saw 1,263 properties sold, 2007 saw 1,602 properties sold and 2006 saw 1,224 properties sold. The Mayor of Marbella, Angeles Muñoz, announced she is confident the town “will be the first out of the crisis”.
The new town plan, which comes into effect this month, also appears to be having a positive impact. Confidence in the market is clearly increasing as the town hall combats the illegal scandals that have plagued the area. The town plan will legalise some 16,000 properties that to date have been frozen from the property market.
Marbella is not the only place to have seen increased activity in the property market. According to the National Institute of Statistics, in February, the Spanish property market as a whole grew by 16% when compared to the same month of the previous year. Of the 35,720 properties sold in February, 21,368 were new build whilst the remaining 19,665 were resales.
Prices have been following their downward spiral since December 2007. Since then prices have decreased by 16% throughout Spain as a whole, by 22.5% on the Mediterranean Coast and by 13.6% in the Canary Islands.
Source: Spanish Property Insight, Property Wire, Property Community
Tags: Business Investment Opportunities, Costa del Sol, Investment Property in Spain, Investors in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Reduced Property, Selling Property in Spain, Spain
Posted in Business Investment Opportunities, Costa del Sol, Investment Property in Spain, Investors in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Reduced Property, Selling Property in Spain, Spain | No Comments »
Friday, March 26th, 2010
Last week the new terminal at Malaga International Airport was officially inaugurated by King Juan Carlos alongside Queen Sofia. The opening has followed 5 years of work building the new terminal 3 and surrounding services and amenities. The second runway is due to be completed shortly.
“The new terminal we inaugurated today does justice to the importance and tradition of Malaga Airport,” the King said in his speech to a 500 strong audience. Malaga is the oldest airport in Spain that is still on its original site. The King added that the expansion has “reinforced Malaga’s important position within Spain’s dense network of airports.
Those attending the inauguration included various local and national authority and political representatives, business delegates from the fields of business, tourism, aeronautics and communications. The Minister of Development, Jose Blanco, the President of Junta de Andalucia, Jose Antonio Ginana, the Mayor of Malaga, Francisco de la Torre, the Secretary of the State for Transport, Concepcion Guiterrez and the chairman of Aena, Juan Lema, greeted the King and Queen on arrival.
Of the architectural design of the new terminal, the King described it as, “agile, light and transparent” and highlighted its modern and advanced technology. The guest also passed through the Departures Lounge which is now home to Europe’s second largest duty free shop.
The terminal officially started operations on Tuesday 16th March and reported smooth running for the first day. The expansion of the airport brings an optimistic outlook as it is expected to bring a vital boost to both economic and tourist activity in Andalucia.
Source: Sur in English, Kyero.com
Tags: Business Investment Opportunities, Costa del Sol, Holiday Rental, Investors in Spain, Malaga, Marbella, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Rentals on the Costa del Sol, Selling Property in Spain, Spain, Spain Economy, Tourism in Spain
Posted in Business Investment Opportunities, Costa del Sol, Investors in Spain, Malaga, Marbella, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Rentals on the Costa del Sol, Selling Property in Spain, Spain, Spain Economy, Tourism in Spain, Uncategorized | No Comments »
Tuesday, March 23rd, 2010
A new law was approved last Friday in an attempt to diversify the Spanish economy and create sustainable growth through a 10-year reform programme. New industries were highlighted for development and promotion with initiatives to boost productivity and competitiveness over the next 10 years.
The Economic Sustainability Law is a direct measure to stimulate the Spanish economy, which has suffered at the hand of the global recession. Armed with funds of €25 billion, the new law aims to diversify the economy into developing new industries such as biotechnology and renewable energy. Measures to ease the public deficit and increase exports include developing the aeronautical, automobile and food sectors.
The depressed housing market is also addressed. Although, the plan aims to reduce the dependency of the Spanish economy on the construction industry, measures include discouraging new construction, incentives for housing rentals, loans to make residential and commercial buildings energy efficient and home refurbishing packages.
Other measures to stimulate the economy include larger tax incentives for companies that invest in research and development and support for Spanish exporters. New measures will also be announced this week that focus on the development of short-term jobs to combat the significant unemployment in Spain. Support and promotion of vocational training is already on the agenda.
Following the Cabinet meeting held in Seville, the Prime Minister, Jose Luis Rodriguez Zapatero, commented, “We need to continue boosting the innovative and competitive business sectors that generate high added value”. He also highlighted that the plan is for the country’s long term development from present day, “For the present because it must contribute to the economic recovery and returning to the path of job creation and for the future because it is a key piece for a new growth pattern.”
Source: Reuters, Kyero.com
Tags: Business Investment Opportunities, Investors in Spain, Property in Spain, Spain, Spain Economy
Posted in Business Investment Opportunities, Investors in Spain, Property in Spain, Spain, Spain Economy | No Comments »
Thursday, February 11th, 2010
Moody’s rating agency has confirmed their support for Spain’s Austerity Plan 2010-2013, stating that measures outlined are credible and reinforces the country’s Aaa rating.
Spain recently delivered its new plan that aims to cut the country’s public deficit from its current level of 11.4% of gross domestic product (GDP) to 3% of GDP by 2013. These measures will bring the deficit back in line with European Union directives and enable the government to regain control by substantially reducing central government spending.
The confidence in the Aaa rating is good news for the country which has seen a deluge of scepticism about its economic recovery. It should also bolster confidence amongst investors who may be considering Spain for potential investment opportunities.
The rating assesses long-term obligations, “the possibility that a financial obligation will not be honoured as promised”, reflecting the likelihood of financial loss or default. The Aaa investment rating is the highest and grades Spain to be “of the highest quality with minimal credit risk”.
Regarding Spain’s economic recovery, Moody’s said, “The economy will not bounce back to the 3.25 percent to 4 percent growth rate it averaged in the last cycle, it will nevertheless average a more moderate, but still respectable 2 – 2.25 percent pace of growth once the excess supply from the construction cycle has been eliminated”.
It has already been noted the increased interest for property in Spain during the first weeks of 2010. Many in the overseas property industry have already highlighted the country to be the number one destination for overseas property investment in 2010.
In addition, the Bank of Spain has told banks they must devalue their property assets by 20%, according to El Mundo. Following unexpected results posted by a number of major banks recently, analysts have highlighted that Spain’s banks have been valueing their real estate assets “pre-crisis levels”. This has been holding property stock values at inflated prices not reflecting the 14% drop since the peak values of 2007.
Increased demand and correctly priced property stock will further entice both investors and property buyers to the market reducing the oversupply of property stock in Spain.
Source: Interactive Investor, Reuters, aboutproperty.co.uk
Tags: Business Investment Opportunities, Investment Property in Spain, Investors in Spain, Property in Spain, Spain, Spain Economy
Posted in Business Investment Opportunities, Investment Property in Spain, Investors in Spain, Property in Spain, Spain, Spain Economy, Uncategorized | No Comments »
Friday, February 5th, 2010
Marbella residents are going green
During the last quarter of 2009, 70% of new car sales in Marbella were for low emission vehicles, according to the Federation of Car Dealers, Faconauto. Although overall car sales have fallen by 31% in Marbella during the whole of 2009, it has been suggested the rise in the ‘eco-friendly’ attitude is attributable to 2 government initiatives:
1) Cars with less than 120 grams per kilometer of carbon dioxide emissions are exempt from registration tax
2) The ‘Plan 2000E’, which offers incentives to replace old cars for new.
New Shopping Centre Approved
Plans have been approved by the Marbella Town Hall for the construction of a new shopping centre on a 2,800 square meter plot in Artola. A €1.2 million investment, the commercial and retail premises will be set over 1,270 square meters.
San Pedro Underpass
In order to keep to plans that the A7 underpass through San Pedro will be ready by the summer, night shift work has commenced. Due to the unusually heavy rainfall in Marbella over the last few months, work had slowed, putting construction behind schedule. The construction firm, OHL, said, “This project is of general interest and must be completed in the shortest time technically possible”. Construction will now be around the clock to ensure the new roads earliest completion.
King to Open New Airport
The new terminal at Malaga International Airport will be inaugurated by the King Juan Carlos on 15th March, the proposed date agreed by the Ministry of Development to the Royal Palace. The King will be accompanied by the President of the Junta de Andalucia and the Mayor of Malaga, amongst others. The completion of the new terminal is of highly strategic importance to the province and will make it the 3rd largest airport on the Spanish peninsula.
Source: Sur in English
Tags: Business Investment Opportunities, Costa del Sol, Investors in Spain, Malaga, Marbella, Property on the Costa del Sol, Spain, Tourism in Spain
Posted in Business Investment Opportunities, Costa del Sol, Investors in Spain, Malaga, Marbella, New Developments on Costa del Sol, Property on the Costa del Sol, Spain, Tourism in Spain | No Comments »
Thursday, January 21st, 2010
We have recently added a newly completed development to our key ready new developments in Spain portfolio. Based in Guadalmina Baja, Southern Spain, this excellent development really offers some spectacular properties within walking distance to the beaches of the Mediterranean. It is also next to the Campo de Golf Guadalmina and within close proximity to San Pedro, Puerto Banus and Marbella. All the local amenities one could ask for on the Costa del Sol.
The design of this development has many Arabic influences, which at night lit up creates a magical atmosphere in the electric blue night sky of the Med. Charming walkways with fountains and green Mediterranean plants lead through to the manicured gardens with a sensational Moroccan design swimming pool surrounded by lawn and palm trees.
This beachside development in Guadalmina comprises 49 units of 2 and 3 bedroom apartments as well as some rather spectacular 3 and 4 bedroom penthouses, each of which comes with its own plunge swimming pool and breathtaking views over the surrounding countryside out to the sea.
The apartments are of a very high quality and comparable to some of the most sought after developments currently on the coast. The penthouses offer some really special features such as a private lift directly into your home and attic style living room roof with wood beams.
Standard with each apartment are the always important underground parking and storage rooms. Lifts provide access from the garage to all floors. Kitchens and bathrooms are fully equipped with a pleasant contemporary style. It is also a secure development with security at the main entrance and CCTV throughout.
The prices are highly competitive for a brand new development with all mod cons. The best penthouse units with both sea and mountain views are under €1 million. These prices compare very well with other developments of similar quality that are perhaps a year or 2 old.
If you’re looking for a property in the heart of the Golf valley, beachside and close to all the major locations on this part of the coast, this is definitely one to consider.
You can see more details about this beachside development in Guadalmina Baja here.
Tags: Bargain Property Overseas, Business Investment Opportunities, Costa del Sol, Golf in Spain, Golf Property, Holiday Rental, Investment Property in Spain, Marbella, New Developments in Spain, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Rentals on the Costa del Sol, Spain
Posted in Bargain Property Overseas, Business Investment Opportunities, Costa del Sol, Golf in Spain, Golf Property, Investment Property in Spain, Marbella, New Developments in Spain, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Rentals on the Costa del Sol, Spain | No Comments »
Tuesday, January 5th, 2010
As the festive season comes to an end and a new year begins, on behalf of everyone at Livingstone Estates, we would like to wish all of you and your loved ones a very prosperous 2010.
2009 has seen turbulent times across the globe, but as we start a new year there is an air of optimism for the coming year. In the last month of 2009 alone we saw some impressive opportunities come onto the Costa del Sol property market, with some of the biggest reductions seen to date. 2010 will certainly be a year in which to buy that bargain property.
The beginning of a new year is always a time for planning the year ahead. Make sure you don’t miss out on some of the great savings to be made buying property on the Costa del Sol. To see our full portfolio of reduced property in spain click here.
For those investors planning to extend their property portfolio, we have some great business, investment and rental opportunities here.
Whatever your plans may be for 2010, we wish you all the best and are here to help those looking to buy their dream property at a dream price.
For more information about property on the Costa del Sol, contact us by phone on +34 952 806 417 or +34 902 424 484 or email us at info@livingstone-estates.com
Tags: Bargain Property Overseas, Business Investment Opportunities, Investment Property in Spain, Investors in Spain, Property in Spain, Property on the Costa del Sol, Reduced Property, Rentals on the Costa del Sol
Posted in Bargain Property Overseas, Business Investment Opportunities, Investment Property in Spain, Investors in Spain, Property in Spain, Property on the Costa del Sol, Reduced Property, Rentals on the Costa del Sol, Spain | No Comments »
