Archive for the ‘New Developments on Costa del Sol’ Category

Spanish Developers Push 4% VAT Boost

Tuesday, November 8th, 2011
Villa in Benahavis

This 7 bedroom villa in Benahavis has recently been reduced in price.

Spanish property developers have taken the government’s intended boost to their sector as welcome encouragement to the market. Many are heavily promoting the reduction in VAT – from 8% to just 4% on new properties – which is in place until the end of the year. On a property of 1m euros, this represents a saving of 40,ooo euros – certainly an incentive for what has proven to be a slow year in the new property market.

However, whilst many people dream of owning their new apartment on the Costa del Sol or a frontline golf property on one of Spain’s internationally acclaimed golf courses, it is not always the new properties which can represent the best value, and whilst the reduction in VAT must be considered, there are some very competitively priced resale properties which are being sold below their true value. International financial pressures have led to some owners  – and developers for that matter – to take along hard look at their pricing, and anyone looking to purchase property in Spain would be well advised to seize the moment.

At Livingstone Estates we currently have a number of exceptional properties being offered at prices which are considered to be be well below their true market value. Property investment is still one of the more stable and profitable investments available, especially over the longer term. and with the uncertainty across the world’s stock markets, bricks and mortar once again come to the fore.

 

Posted in Bargain Property Overseas, Costa del Sol, Investment Property in Spain, New Developments in Spain, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Reduced Property | No Comments »

Spain Halves VAT on New Properties

Monday, September 5th, 2011
New Development on the Costa del Sol

New Developments in Spain benefit from halving of VAT rates

In a recent move designed to give a boost to the Spanish property market, the  government has announced the halving of VAT on new development property from 8% to 4% until the end of the year. Whilst this only applies to new property, it is hoped that the measure will stimulate activity in what has been a slow year for the sector.

The savings can be substantial. On a property of 1m euros, the 4% difference represents 40,000 euros – which would furnish a new property nicely. So which properties are eligible?

Basically, all properties bought directly from the developer, with the purchaser being the first owner of the property. And, of course, those qualifying properties must be bought before the 31st December 2011 – so the window is fairly narrow.

At present new development property on the Costa del Sol is plentiful. There are developments on golf courses and frontline beach developments that have completed units for sale at very competitive prices. Many developers have reduced their prices over the past year and here at Livingstone Estates we have some exceptionally attractive offers on several new build properties. If, alongside these highly competitive prices, we add the further enticement of a 50% reduction in the VAT to be paid, the proposition becomes yet more appealing.

Visit our main website for details of new development property, or ask our sales team for further information.

Posted in Bargain Property Overseas, Costa del Sol, Investment Property in Spain, New Developments in Spain, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Reduced Property, Spain Economy | 1 Comment »

Blue Flags Flying over Málaga Beaches

Tuesday, June 7th, 2011

Málaga has regained it’s position as the Spanish Province with the most “blue flag” beaches in Spain.

The blue flags are an internationally recognised seal of approval for the cleanliness and safety of European beaches. This year sees Málaga heading the list with a total of 22 beaches flying the blue flag, one more than 2010.

As a region which depends heavily on the tourism sector, Málaga has improved the standard of its beaches consistently over the years, with regular cleaning and with the building of breakwaters to protect the quality of the sand. But perhaps the most significant changes have been the attention which has been paid to the “paseos maritimos” or promenades, in  the coastal town, as well as the careful planning which has governed the development of beachfront property.

It is now possible to walk along the promenade from Marbella to Puerto Banús, for example, around 7 kilometres, and this is soon to continue to San Pedro Alcántara. With the sea on one side and luxury beachfront apartments, private beachfront villas and five star hotels on the other, the walk captures the essence of Marbella’s Golden Mile perfectly.

For those living in frontline beach property, the quality of the beach itself is, understandably, of huge significance. The value of beachfront property is closely linked with the cleanliness and popularity of the beaches and Málaga’s continued commitment to improvement is a welcome sign to all.

Posted in Costa del Sol, Malaga, Marbella, New Developments in Spain, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Tourism in Spain | No Comments »

New Terminal at Malaga Airport Now Open for Business

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

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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 »

The Weeks Local News Bites from the Costa del Sol

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

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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 »

Recently Completed New Development in Guadalmina Baja, Spain

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.

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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 »