Posts Tagged ‘Marbella’
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, April 16th, 2010
Spain’s costas are once again hot property for Britain’s second home buyers, according to a recent article in The Times. All indicators point to a resurgence of British property buyers on Spain’s coasts.
Prices at their lowest ever level combined with one of the worst winters on record in the UK have led to renewed interest from families looking to escape the grey. And the relatively low sterling-euro exchange rate appears not to be a deterrent.
The report is confirmed by experts in the industry both in the UK and in Spain. Spanish property was the most popular search on Primelocation.com between February 2009 and 2010, accounting for 32% of total overseas property searches. Rightmove overseas recorded an overall rise of 60% in overseas property searches when compared with March last year.
Many Brits are returning to buy property in Spain for lifestyle reasons. It is an additional incentive that prices are now affordable with reduced property at a level where the purchase can also be for investment over the longer term.
And it is no surprise the British are returning. Southern Spain was rated in the Top 10 places to live abroad by Knight Frank Estate Agents. A recent article in the Daily Telegraph explored the best places to live in the world, with Southern Spain featuring high in the list.
According to a recent article by the OPP, Marbella has seen a resurge of foreign lifestyle buyers. “Total property sales in the city have risen to their highest level in four years, research from the tax office shows”.
Source: The Times, Daily Telegraph, OPP
Tags: Bargain Property Overseas, Costa del Sol, Investment Property in Spain, Investors in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Selling Property in Spain, Spain
Posted in Bargain Property Overseas, 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, Uncategorized | 1 Comment »
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 »
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 28th, 2010
Non-resident property owners who sold their Spanish property between 1997 and 2006 could claim back 20% of the capital gains tax paid, ruled the European Court of Justice in October 2009.
It has been ruled that the tax, which stood at 35% but has now reduced to 18%, charged by the Spanish government violated European laws by giving non-residents a higher tax while Spanish residents were only charged 15%.
The case was brought to the European Court of Justice by Costa, Alvarez and Manglano lawyers – www.spanishtaxreclaim.co.uk – on behalf of a British couple. The ruling of the European Court of Justice has opened the floodgates for others to claim compensation.
The Times, have speculated that the average amount of compensation per person is around €15,000. They estimate that the total amount of compensation payable to the thousands of British owners who sold during this period could be £238 million.
Source: The Times, Primelocation, Bignews.biz
Tags: Costa del Sol, Investment Property in Spain, Investors in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Selling Property in Spain, Spain
Posted in Costa del Sol, Investment Property in Spain, Investors in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Selling Property in Spain, 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 »
Thursday, January 7th, 2010
There are many things to consider when selling a property in Spain. It’s a tough market today and owners need as much help as possible to make their property stand out above the rest. So we have outlined in a new section on the Livingstone Estates website and here, not only what we at Livingstone Estates can do for owners, but also what is required legally when selling property in Spain.
What many owners do not realise is in order to sell a property in Spain it must comply with the Decree 218/05. This Decree was formalised in 2005 following consumer watchdog recommendations. It legally requires certain documentation to be in order and held by the selling agent at the time of placing the property on the market for sale. The documents required are as follows:
• A copy of the Escritura (Title Deeds), which includes all details pertaining to the owner, the property and legality of the property. This document is very important and can only be obtained by the owner.
• The Nota Simple less than 3 months in date. We can obtain this document on behalf of owners free of charge, providing we have a copy of the Escritura.
• A copy of a current IBI receipt (Council Tax) which is paid yearly.
• A copy of the current Basura receipt (Rubbish Removal) also paid yearly. With authorisation signed by the owner, we can obtain a copy of the IBI and Basura receipt.
• Details of community fees (where applicable). How much are the fees and if any payments are outstanding.
Apart from these legal requirements, there are additional considerations that may give your property the edge in the market place. As part of the service we offer at Livingstone Estates, we automatically include many of these things to help you.
Professional Photography. The images used to sell your property are extremely important and should not be underestimated. The first impressions and whether a potential buyer decides to view your property or not will be heavily based on the images they first see of a property. For this reason, we include a professional photography service when we take on a property into our portfolio. Our listing professionals are experienced photographers.
Realistic Price. Certainly in today’s market the price of a property is key. It must be set at a level that is realistic in the current market. Our listing professionals will be able to provide you with expert advice to set the price at a level that will be right for the market to sell.
Presentability. How a property is presented is another key consideration not only when viewing the property but also for the photo session. Seeing the property in its best possible light will have an important and significant impact on how a potential buyer visualises the property as their own.
Accessibility. It is important that the property is easily available to view with any potential buyers. Many owners decide to let their property whilst also putting it on the market for sale. However, tenants do have rights and may not allow viewings to be carried out. Additionally, if owners are not in the country, access to view the property must be previously arranged.
Presence on the Market. To give your property the best chance of being found on the market, it must be visible to agents and potential buyers alike. To this end, we provide an extensive network that makes sure your property can be found. We promote property both online and offline and through a network of over 125 agents on the Costa del Sol.
If you would like to contact us to sell your property you can either complete our listing request form here, send us an email to info@livingstone-estates.com or call us on +34 902 424 484 or +34 952 806 417.
Tags: Costa del Sol, Investment Property in Spain, Investors in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Reduced Property, Rentals on the Costa del Sol, Selling Property in Spain, Spain
Posted in 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, Uncategorized | 2 Comments »
Monday, November 23rd, 2009
The Costa del Sol is embarking on an impressive drive to improve tourism facilities and in turn stimulate visitor numbers to the various diverse areas of the coastal province of Malaga. 5 separate plans are currently in action by the provincial government of Malaga, which are the results of €9m euros of investment between 2006 and 2009.
The main areas of attention are the development of the range and quality of tourist services – in both rural and urban areas – and their communication to the public and tourists alike. Additional information points, centres and offices offering extensive information pamphlets will be created, along with improving signposting for areas of interest.
As well, a conscious encouragement is being promoted of the need for quality for both industry professionals and the public alike, with additional training programmes for those working in the industry.
These programmes compliment the other major infrastructure developments taking place along the Costa del Sol. The new Malaga International Airport will double its current capacity when it opens in Easter 2010 and with it, road and public transport links to and from the airport are being heavily upgraded.
Golf is one of Andalucia’s primary tourist segments and it is not surprising that the 12th International Golf Travel Market was recently held here. Andalucia is home to 25% of all Spain’s golf courses with 1 in 4 golf tourists choosing the southern region. Luciano Alonso, the Andalusian Head of Sport and Tourism, highlighted the industry and region’s ability of bucking the trend of falling tourism figures.
At the recent World Travel Market fair held in London, the Costa del Sol embarked on a substantial branding campaign highlighting the area as an all year round destination. Apart from the 325 days of sunshine a year and the 160km of beaches on offer, other tourism attractions such as golf, health and beauty, language study and conference tourism were all promoted.
With such a diversified portfolio of activities and quality services for tourists to choose from there is no doubt the tourism industry will lead the Costa del Sol into the future, with a promotion of excellence across the board. This last quarter of the year has already seen improvements, with tourism figures buoyant and British tourists returning as things at home become more stable.
Source: www.livingstone-estates.com
Tags: Golf in Spain, Holiday Rental, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Rentals on the Costa del Sol, Spain, Tourism in Spain
Posted in Golf in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Rentals on the Costa del Sol, Spain, Tourism in Spain | No Comments »
Friday, November 6th, 2009
The Costa del Sol has seen its hottest autumn ever since records of meteorological information started over 70 years ago. During the month of October average temperatures were 21.4 degrees comparable to those normal for September. Aemet, the state meteorological agency, commented that October has been an “extraordinarily warm month”.
Such warm weather has been great news for local businesses, with terraces still filling out in many restaurants and beach bars benefiting from the still busy beaches, unusual for this time of year.
Source: Sur in English
Tags: Malaga, Marbella, Spain, Tourism in Spain
Posted in Malaga, Marbella, Spain, Tourism in Spain | No Comments »
