3 BED 3 BATH PENTHOUSE – JUST REDUCED BY 50.000 EUROS – GREAT INVESTMENT! – Ref: MFSPH640
A corner South West Facing penthouse front-line golf in a great luxury development with several outdoor pools.
All the bedrooms are en-suite leading to terraces.
The development benefits of indoor Spa area with swimming pool, sauna, turkish bath, jacuzzi and gym.
A real treat for the ones who like the peace and yet not far from the hussle and bussle of Puerto Banus…or the picturesque town of Benahavis where you can find typical Spanish restaurants, bars.Two garage spaces and storeroom included in the price.
According to the latest data from the Bank of Spain, foreign investment in Spanish real estate reached 2,834 million euros in the first half of 2013, the largest amount in nine years, while Spanish spending on property outside of the country registered its lowest level in 10 years, at 199 million euros. Compared with Spanish citizens’ loss of purchasing power and the difficulties of gaining access to credit, foreign appetite for assets located in Spain has been increasing over the last four years. All this in a context marked by the significant price adjustments registered and the real estate surplus.
The Bank of Spain reported that foreign direct investments in properties in Spain increased by 16% in the first half of the year compared with the same period of 2012. However, despite this amount being the highest since the economic crisis began, foreign spending on Spanish property still remains far from the figure reached in 2003, when in the first six months of the year it exceeded 3,500 million euros, 20% more than at present. In contrast to the level of foreign investment in property in Spain, Spanish investment in property abroad has fallen significantly since the boom years of the real estate sector when, in the first half of 2007, it exceeded 1,800 million euros.
In fact, up until June of this year Spanish spending on property abroad is 12% lower than in the first six months of 2012, and 89% less when compared with the maximum reached in the same period of 2007. According to a recent study by the global property consultancy, Knight Frank, such is the attraction of Spain that international funds are ready to invest 14,000 million euros in the Spanish real estate sector in 2014.
Furthermore, according to statistics compiled by the General Council of Notaries, the number of home purchases made by foreigners in Spain during the first six months of the year grew by 13.6% compared with the same period of 2012, reaching 24,552 transactions. The Notaries reported that non-resident citizens accounted for the majority of the transactions, with the most being registered by the Belgians, with an increase in transactions of 78.1%, the French, with 70% more, and the Germans, with 35.3% more.
El Mundo reported that, although it is still the non-resident British citizens who buy most homes, with an increase of 24.6% to 1,244 operations in the quarter, the level of acquisitions of this group have continued to register a gradual decline. Home purchases made by other nationalities have also reduced, with transactions by Ecuadorians and Colombians falling by 34.5% and 27.7%, respectively, and those of the Romanians falling by 1.1%. And, according to the latest study released by the Sociedad de Tasación, house values have plummeted 47.7% since their maximums registered in the boom years and now stand at an average of 1,253 euros per square metre.
At the end of the first half of 2013, Spanish families spent 32% of their annual gross income available on buying a home, employing an average of 5.7 years. To purchase a property of about 90 square metres (the basis on which the Bank of Spain prepares its calculations), families required 5.8 years in the first quarter of 2013, and 5.7 years in the second.
Front-line Golf Apartment with Amazing Views to the Golf Course – Ref: MFSA220
This contemporary ground-floor apartment has an incomparable setting overlooking the fifth tee of the golf course of Los Flamingos, boasting views to the magnificent Villa Padierna Hotel & Spa, natural lake and Mediterranean Sea.
Designed using a fusion of Mediterranean and contemporary style, this ground-floor has nice terrace and garden that is ideal for al fresco dining. Also it has an internal patio area of 36 m2 with possibility to integrate it in the apartment.
All rooms are spacious with both bedrooms ensuite and a guest toilet. The kitchen is open plan where you can enjoy the stunning views over the golf, sea and mountain.The living room has his fireplace that gives a very cozy feeling.
Two inviting communal swimming pools with decked areas, surrounded by aromatic, landscaped gardens, provide the perfect haven for relaxation.
A Lovely 3 Bedroom Ground Floor Apartment in the San Pedro Beach Area – Ref: MFSA812
A lovely 3 bed ground floor west facing apartment in the San Pedro beach area. The property has a massive lounge and a very spacious terrace with views on the the communal gardens. Fully fitted kitchen, furniture negotiable and AC throughout. The complex is on the beach side, walking distance to the town centre and the beach. There is a BBQ area on the terrace, communal pool and gardens. The development is gated and the property has an alarm system fitted. Comes with a private garage place.
4 Bedroom Townhouse for Sale Guadalmina Alta – Ref: MFSTH819
Front line golf spacious town house facing Guadalmina golf course, the house comprises 4 bedrooms and 3 bathrooms, kitchen and living room with fireplace, terraces and golf views. Carport, security 24 hours in a gated community. Private Garden and communal pool area with mature gardens. Low community fees!
According to the General Council of Notaries statistics for August, with regard to housing prices, they noted a “high volatility” in the market due to the reduced number of transactions and considered that, perhaps for this reason, the price per square metre of homes sold in the eighth month of the year recorded growth of 0.7%, reaching 1,219 euros.
This increase was due to the rising price of family homes sold (32.4%) in a month with very few transactions (3,518 units). However, the price of apartments registered a decline of 10.8% year-on-year, to 1,185 euros per square metre, in line with the trend observed in recent months.
New apartments registered a price of 1,424 euros per square metre (-5%) and second-hand, 1,153 euros per square metre (-9.1%).
El Mundo reported that the number of house sales registered a decline of 28.1% year-on-year in August and totalled 15,027 transactions. The decline has been driven by the 31.4% drop in the number of purchases of apartments and a drop of 14.8% in transactions for family homes. The number of purchases of new apartments fell by 56% in August, year-on-year, while transactions for second hand fell by 19.5%.
In addition, the number of new mortgages contracted in August registered a drop of 33.5% year-on-year. According to the Notaries, the sharp reduction in the number of mortgage loans is due to the decline in the granting of mortgages for the purchase of a property (-34.9%). Specifically, the number of new mortgages granted for house purchases fell by 35.6% year-on-year, and those granted for other real estate transactions dropped by 28.5%.
Moreover, mortgage loans for construction fell by 31.9%. New mortgage loans for building a home dropped by 36.8% year-on-year, while loans for other types of construction fell by 10.4%.
The average mortgage value for the purchase of a property fell by only 0.9%, to 116,162 euros, and in the case of the purchase of a home, the Notaries noted an increase of 0.4% (to 111,790 euros ). Also, the average mortgage value for loans granted for construction purposes fell by 22.3% year-on-year, to 281,504 euros.
Finally, the percentage of homes purchased with mortgage financing stood at 31.8%, and the average percentage of the home purchase price financed was 76.7%.
The price of housing in Spain experienced a drop of 10.6% in the second quarter, year-on-year, the highest amongst the countries of the eurozone, according to data released last week by Eurostat. However, this decline represents a slowdown compared with the year-on-year fall of 12.8% recorded in the first three months of 2013.
Data from the EU statistics office shows a fall of 0.8% in the house prices in Spain, compared to the first quarter of the year, when they fell by 5.1%, behind only the 2% quarterly decline recorded in the Netherlands. In fact, the quarterly decline in housing prices seen in the second quarter, the 12th consecutive negative quarter, is the lowest since the fourth quarter of 2010, when prices fell by 0.1%.
Over the whole of the eurozone, housing prices experienced a decline in the second quarter of 2.2%, year-on-year, two tenths less than that recorded in the first quarter. However, in quarterly terms, housing prices rose by 0.3% after falling by 1.4% in the first three months of the year, representing the first price increase since the third quarter of 2011.
Meanwhile, El Pais reported that the figure for the EU showed a fall of 1.3% in annual terms, two tenths less than the decline observed in the first three months of the year, while compared with the first quarter, the prices increased by 0.4%.
Among the EU countries for which data are available, the largest annual price increases were registered in Latvia (+8.8%), Estonia (+8.1%) and Luxembourg (+5.1%), while the steepest declines were recorded for Croatia (-19.7%), Spain (-10.6%) and the Netherlands (-7.5%). Compared with the first quarter, the biggest price increases were registered in Latvia (+5.1%), Estonia (+3.7%) and Denmark (+3.1%), while the most notable declines were for Croatia (-6.5%), the Netherlands (-2%) and Hungary (-0.9%)
The Belgians are buying more and more homes in Spain.In the second quarter of 2013 about 1,072 purchases , of which 812 as a second residence. In relation to the population no other country buys more property in Spain, writes Time on Thursday.
The rise coincides with the disappointing sales of apartments on the Belgian coast.
With the economic crisis and over demand, house prices have fallen in Spain since 2007 by an average of 37 percent . The market for second homes had totally collapsed by the financial crisis .
Now Northern Europeans are less concerned about the crisis and the real estate prices in Spain seem to be bottoming out , and the foreign buyers are coming back.In the second quarter of 2013, 14.500 houses were sold to foreigners, 22 percent more than in 2012.
Fifteen percent of the homes were purchased by the British, 10.7 percent by the French, 8.7 percent by the Russians , 7.6 by Germans and 7.5 percent by Belgians.In 2007 Belgians accounted for only two percent of all foreign purchases in Spain.
Due to higher taxes on second homes In the second quarter of 2013 there were 78 percent more international buyers than the same period in 2012 .Time notes that the rise from 2012 coincides with the disappointing sales of apartments on the Belgian coast.Brokers suggest that higher taxes are to blame.
For example, four of the ten coastal municipalities increased taxes on the second stay last year. In addition, Belgians’ fear that after the 2014 elections property will be addressed domestically.
Luxurious Apartment Located In The Prestigious Capanes del Golf – Ref: MFSA807
Opportunity to acquire a luxurious middle floor west facing apartment located in the prestigious gated development of Capanes del Golf, surrounded by the beautiful El Higueral golf course and offering its residents top class facilities including an indoor heated pool, gymnasium and Spa area. The apartment enjoys stunning west facing views overlooking the pool and the landscaped Garden area. The apartment comprises of a spacious living room with dining area, a generously sized kitchen fitted with high end appliances, two double bedrooms with built in wardrobes, two en suite bathrooms, a guest cloakroom and a large corner positioned terrace. An underground parking space and smaller storeroom is included. There is also an adjoining storeroom .
There are five outdoor swimming pools, with the main pool being situated next to the Spa. Within the spa complex you will find a heated indoor pool with water cascades, hydro massage area, vertical projecting water jets, 3 level pressure water jets and Jacuzzi. There is also a Turkish bath, a sauna an equipped gymnasium.
Capanes del Golf is situated within the Benahavis Municipality. The village of Benahavis is around a 5 minute drive from the resort as well as Puerto Banus.
1 Bed apartment for sale – Front-line beach complex in Puerto Banus, Marbella – Ref: MFSA805
A spacious west facing 1 bed apartment in a front-line beach complex in Puerto Banus. The best location you can find in the area, as the hussle and bustle is far enough but walking distance. Amazing views overlooking the lush garden and pool of the development as well as the sea and beach. Fully fitted kitchen comes with the property and there is AC throughout as well as a fireplace. Possibility to rebuilt into a 2 bed if desired. This apartment has incredible rental potential!