More positive indicators for the Costa del Sol

Marbella is not the only large town to be influenced by the huge influx of tourists in 2014. With an estimated 10 billion euros being created in 2014 across Andalucia other councils are also making improvements which is great news for the construction industry.

The influx of tourism to Marbella this year has been so impressive that the town has been added to the small list of areas that is permitted to now start opening shops on Sundays, which is not only great news for the local residents but also for tourists.

In light of the pending local elections which are less than a year away now, one of the most eagerly anticipated projects of this year is due to start after the Summer in Estepona. The so-called Grand Boulevard is a major project which will transform Estepona and the surrounding area and will consist of a new shopping centre, more tourism related attractions and a new recreational centre. This privately funded project has a price tag of 30 million Euros, with the local council also financing a multi-millon euro botanical park boasting the biggest orchid collection in Europe.

Elsewhere on the Costa del Sol there is due to be other 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. Not only will all of the projects across all of these areas on the Costa del Sol bring in more tourists, but it will boost the economy and reduce unemployment greatly.

Costa del Sol leading the way for Property Recovery

A recent study has provided evidence that there has been an increase in house prices in Marbella and Manilva. Off-plan new developments seem to have reached their minimum prices and indications are now showing a rise due to foreigners.

Two areas in Spain are showing definite signs of property recovery, Costa del Sol and Costa Blanca. The study that was undertaken gathered information from 60 coastal regions of Southern Spain and demonstrated due to financial establishments lowering prices that property was now selling faster.

Its still early days in respect of the Spanish construction industry however areas in the Costa del Sol and Costa Blanca are showing very positive signs. New constructions in the Estepona and Marbella area, which have been built with the foreign market in mind are building good interest.

The general consensus is that property prices are now slowing however this is only in certain areas of Southern Spain. Prices on the Costa del Sol for example have dropped to their lowest averaging a 1.1% drop in the first quarter of 2013 and 2014.

It is thought that property sales may increase as much as 25% this year in Marbella due to demand by foreigners.

Taylor Wimpey´s New Apartments Horizon Beach La Galera

Horizon Beach La Galera EsteponaAWARD WINNING UK property developer Taylor Wimpey is launching a fresh £10 million project on the Costa del Sol this month.

The La Galera development, in Estepona, is going to consist of thirty six luxury homes and is due to be formally launched with an opening on April 30th. Taylor Wimpey has constructed over two, 500 homes in España over the last fifteen years, as well as Los Arqueros Golf, in near  Benahavis.

“Estepona is a perfect location for further investment,” stated Ignacio Oslé, regional director in Andalucia. “We want to thank Estepona town hall for their support in getting planning permission last October.”

Property sales increased more in Marbella last year than anywhere else in Spain

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.

New expat residents association launches in Estepona

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.

Read more of this post

Mini housing boom in Malaga’s ‘Golden Triangle’

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.

But Pablo Moro, the councillor in charge of town-planning in Marbella, emphasises the need for caution in analysing the data.

Read more of this post

Spanish market offers bargain basement homes

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

A SPACIOUS APARTMENT IN A BEACH FRONT URBANISATION IN ELVIRIA, MARBELLA

A SPACIOUS APARTMENT IN A BEACH FRONT URBANISATION IN ELVIRIA – Ref: MFSA869

elviria_apartment

Price: 315,000€
A spacious 3 bedroom east facing ground floor garden apartment in a beach front urbanisation in Elviria. The apartment is in a block closest to the sea. The third bedroom and bathroom were converted out of storage areas, making this one of the biggest in the complex. The property has been updated recently except for the bathrooms. Offers a very nice outside terrace area, perfect for outside living during the hot summers. The lounge has a fireplace and the master bedroom a little wood burner. AC throughout. The complex has 24 hour security, lovely gardens and pools for the residents use. The beach is just a few steps away.

Ground Floor Apartment, Elviria, Costa del Sol.
3 Bedrooms, 2.5 Bathrooms, Built 209 m², Terrace 50 m².

View full property details and more photos

For more information or to arrange a viewing of this property please contact us using the details below.

Tel: +34 952 907 386 | Mov: 690 937 587
Property For Sale in Marbella
info@marbella-resales.com

BEAUTIFUL 3 BED TOWNHOUSE IN LOMAS DE MARBELLA CLUB

BEAUTIFUL 3 BED TOWNHOUSE IN LOMAS DE MARBELLA CLUB – Ref: MFSTH868

golden_mile

Price: 440,000€
This beautiful 3 bed townhouse in Lomas de Marbella Club has been totally refurbished. Laid out on 3 levels with a spiral staircase connecting the floors. The property has a new oak floor throughout, an American style open plan kitchen with all modern appliances and a fireplace with flame grow effect. All bathrooms, toilets have been modernised, one of which has a sauna massage shower. There is brand new Andalucian tiling on the outdoors terraces as well as antique dried bone tiling in the inside areas.

The charming residential complex consist of only 15 townhouse and has lovely mature gardens and a communal pool. PRICE IS NEGOTIABLE

View full property details and more photos

For more information or to arrange a viewing of this property please contact us using the details below.

Tel: +34 952 907 386 | Mov: 690 937 587
Property For Sale in Marbella
info@marbella-resales.com

5 BED 4 BATH VILLA AMAZING AND MODERN IN NUEVA ANDALUCIA, MARBELLA

5 BED 4 BATH VILLA AMAZING AND MODERN IN NUEVA ANDALUCIA, MARBELLA– Ref: MFSV867

Villa_nueva_andalucia

Price: 2,500,000€
This absolutely amazing modern villa is one of a kind in the area boasting with highly modern build, great views over the golf valley and the sea. Located next to the Las Brisas Golf, only 2 minutes drive away from Puerto Banus, this property makes a perfect home or a luxury holiday rental.

The house has 5 bedrooms and 4 bathrooms. The 3 levels are connected by a 6 persons glass lift. All areas have a separate air-conditioning. The large open plan living area has a gas fireplace, water filled heating radiators and it opens on to a spacious terrace, partly covered for evening dining or to hide from the strong sun in the summer. The kitchen comes fully equipped with top notch modern appliances, large work surfaces and a gas hob.

The master bedroom is on the top floor and comprises of a separate dressing room, bathroom with jacuzzi and underfloor heating. It also has access to a private terrace with magnificent views.

The property has central heating by solar panels as well as AC througout. The pool is salt water, also heated by the solar panels and an electric boiler. The large storage room can be converted into a cinema room. The laundry room can be turned into a private staff apartment with shower room and kitchen.

Finally, the villa has a 2 car garage as well as a car port for further 3 cars.

View full property details and more photos

For more information or to arrange a viewing of this property please contact us using the details below.

Tel: +34 952 907 386 | Mov: 690 937 587
Property For Sale in Marbella
info@marbella-resales.com

%d bloggers like this: