Russian Meeting Point gets under way

The “Russian Meeting Point” opened yesterday in a bid to boost the sale of Spanish coastal property to Russian investors.

This years event is being held at the Hotel Villa Padierna and so far has attracted large numbers of investors and property agents, all here to find investment opportunities on the Costa del Sol. The main focus of the group is the so-called “Golden Triangle” which includes Marbella, Estepona and Benahavis. However, other areas are also being marketed at the event including the Canary Islands, Balearic Islands, Alicante and Andalucía. The three-day event will close tomorrow (Friday).

Ángeles Muñoz, Mayor of Marbella, visited the event on Thursday morning accompanied by Enrique Lacalle, the president of the organizing committee, and the President of the Andalusian Federation of Developers and Residential Tourism, Ricardo Arranz.

Muñoz attended the event to see first-hand the level of interest from various investors and property agents for the Spanish property market and, more specifically, that of the Costa del Sol.

Many of the exhibitors have already expressed their satisfaction with the volume of contacts made at the exclusive real-estate forum.

Sr. Lacalle thanked the exhibitors for their attendance and is convinced that the event will prove to be profitable for all involved.

David Scheffler, Director of Expansion of Engel & Völkers, said “This initiative is a great opportunity for the Spanish real estate sector in general and particularly for us, so we could not pass up this opportunity. At The Russian Meeting Point we are presenting over 6,000 real estate properties to potential buyers from Russia. “

The event also included talks presented by some of Spain’s business leaders. One such talk, entitled ”What the Russians want to know before buying a property: How to get a mortgage in Spain.” was given by Alberto Pulido, Director of Business Mortgages in Spain’s Banco Santander.

There will be further talks on Friday including ”Managing visas and residence permits” which will be presented by the National Association of Developers.

This is the second edition of the Meeting Point and will be followed by a third which will take place in Barcelona in October at the Fira de Barcelona.

Russian investors invited to ‘Golden Triangle’

The towns of Benahavis, Estepona and Marbella, together known as the ‘Golden Triangle’, are inviting Russian investors to help reduce the stock of property for sale on the coast.

‘The Russian Meeting Point – Marbella’ will be held at Hotel Villa Padierna between March 14th and 16th and will see representatives of the Spanish real-estate sector meet with Russian investors.

The initiative seeks to present all of the properties for sale in those areas with significant discounts on the original price. The meeting will have an area of ​​approximately 1,000 sq/ft to promote contacts and trade between marketers, Spanish development and construction companies and other professional investors.

The organisers of the meeting said “We have the support of major Russian real estate associations that will present a significant presence of investors interested in buying Spanish property, or promoting it in the Russian market, one of the most powerful in Europe, and generate more interest in Spanish real estate, especially in the ‘Golden Triangle’. “

The warm reception received by Russian investors in the last edition of ”Barcelona Meeting Point” led to the sale of luxury homes on the Costa del Sol, thanks in part to an influx of buyers from the East, and also led to the organising of this event.

Ricardo Arranz, current president of the Andalusian Federation of Developers and Residential Tourism recently said that luxury homes valued between four and 10 million euros are being purchased mainly by buyers from Saudi Arabia, U.A.E. and Russia.

‘The Russian Meeting Point - Marbella’ comes with great expectations for the sale of both luxury properties and other stock due to the heavy discounting currently available.

More information is available on the official website: Marbella Meeting Point 2012

Over 50′s show in 5th year

The Over 50 Show

This month Estepona is to host The Over 50′s Show, the lifestyle event for the Costa del Sol’s senior community, for the fifth successive year. Over 7,000 people visited the show in 2010 and the organisers are hoping for even more in 2011.

The event organisers say the event will feature the usual attractions that have previously proved to be “phenomenally successful”. There will also be some new attractions including indoor bowling and Bridge lessons, wine tasting, fashion shows and live music.

The Over 50s Show is the only event of its type on the coast and has “gone from strength to strength despite the severe economic downturn”.

The show will be held at the Palacio de Congressos in Estepona, on Saturday 26th and Sunday 27th of November. Doors open at 11am and close at 6pm.

For more information or to reserve your stand, contact the organisers via email at des@slp.ie or john@slp.ie or via phone on +34 902 003 896.

Estepona admits planning backlog

Officials from Estepona town hall have admitted to having a backlog of planning investigations.

More than 3,200 cases are waiting to be processed, officials said. The situation was described by Councillor Susana Arahuetes as “very serious”. She blames the problem on the “total paralysis” of the department over recent years.

Arahuetes added that many of the cases are have now passed the deadline set for the process to begin, although she has promised to reopen these cases.

The problems date back to the Astapa investigation of 2008, when former Estepona mayor Antonio Barrientos was arrested, along with several councillors.

Darkness on the AP-7

A stretch of the AP-7 motorway between Estepona and Fuengirola could soon be in darkness if the electricity bills are not paid soon. A 12 kilometre stretch in Estepona is already without light.

The Mayors of Fuengirola, Mijas, Marbella and Estepona sent letters to Sevillana Endesa indicating their desire to cancel the contract for lighting the sections of the motorway which run through their towns.

As the Ministry of Public Works owns the motorway the mayors believe the ministry should pay to light it. The cost of lighting the road has reached millions of euros for the past 20 years, money which comes from the municipal purse.

The Mayors are also demanding a rebate of the money paid so far to be paid back to them. Estimates put this figure at €11 million. The cost of lighting the Marbella stretch of the motorway is approx €219,000 per year.

In response the Ministry of Public Works said “we are not forced to light any motorway, although we can carry out a study and illuminate danger spots such as the entrance and exit to tunnels.” They went on to say that the town halls made their own decision to illuminate their sections of the motorway which is why the contracts were in their name.

There had been claims that the ministry had demanded the electricity be turned off, something which they strongly deny.

David Valdez, former socialist leader of the opposition party in Estepona, says the mayor, Jose Maria Garcia Urbano, has “acted irresponsibly” and his decision “can endanger road safety”. Valdez added that Urbano should have “attempted to reach an agreement with the ministry” before cancelling payments.

Meanwhile, the Mayor of Manilva, Antonia Muñoz, said he will continue to pay the towns electricity bills until Christmas. However, he is is worried about the section between Chullera and the Manilva River with multiple roundabouts and slip roads which “would be dangerous without lighting”.

Torremolinos and Benalmadena are not affected by the problem because lighting for the section which runs through the towns is paid by the company which runs the toll motorway.

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