Lord Alan Sugar is selling his Marbella Villa for €11 million

Lord Alan SugarLORD Alan Sugar is currently in the process to downsizing to a penthouse apartment once spinning a tasty profit on his luxury Marbella villa.

The World Health Organization Apprentice star is currently valued at over £1 billion, claims the Sunday Times rich list – and is due to double his wealth, sixteen years since purchasing the one,604m2 beachside plot for around €5 million.

The €11 million offer has been accepted on the stunning six-bedroom home, it has been disclosed, with the deal ‘being completed within the next few weeks’.

This means that the East-End Apprentice star is due to clear a great profit of approximately €5 million.

A inside source with intimate knowledge of the deal confirmed: “The deal is progressing well, it\’s currently simply a matter of finishing the documentation.

“Alan can probably downsize to a penthouse apartment, perhaps in Spain, however another option is in the US.”

The clients identity for obvious remains is still unknown however, it is understood that he is of German nationtality,and has bought through a joint deal with company Engel & Volkers.

The villa which has three levels, that went on the market earlier this year valued at €12 million, includes a 200m2 underground parking area, pool and gymnasium.

There is additional access to the beach and one among Marbella’s prime tennis clubs.

Lord Sugar ranks 101st within the Sunday Times list of wealthiest Brits, it was stated last month.

The Property Market in Marbella

Over the past 10 years the property market in Marbella has seen a massive change due to the obvious recession which affected most of the world. The knock on affect from the UK hit the construction and building markets leaving many of the projects along the Costa del Sol incomplete.

There has been much speculation as to the actual recovery of the property market in Marbella however recently released figures from the Ministry of Building are very promising.

The high property prices from 2004 to 2010 are finally levelling out and stabilising and there are also signs of a gradual increase which is great news for potential vendors.





As for the amount of properties sold, these figures too are encouraging as figures from the Ministry also indicate a rise in 2014 of properties sold in Marbella. All indicators are that this trend is positive for 2015 and highly likely to continue.


Housing in 2014 continued rising

Property Sales in Spain rose again in 2014HOUSING sales in Spain have again for the third consecutive quarter risen, as 13.5% more houses were sold in the third quarter of the same period last year.

Sources in the Ministry of Development stated that the amount of sales completed before a notary between the months of July and September was 80,136. January to March also saw a rise of 48.5% in sales, with an additional 12% increase in the second quarter.

These are indeed encouraging statistics, especially when viewed with latest figures from the Institute of National Statistics (INE) which showed a 16% increase in October compared with the same month last year.

There`s still a way to go before reaching the same figures prior to the housing crash. The record remains for houses sold in a single at 251,649 homes, which was set in the second quarter of 2006.

Whilst 95% of transactions were for private houses, a majority of the resale market, just 15.1% of sales were for new homes. Even though signs of recovery are encouraging for the new homes market, a huge repository of houses still remain that need to also be sold. Slightly surprising is the fact that new housing sales are not rising quicker as stated recently in another report that new houses are being sold for less than the construction cost, enabling house buyers a unique opportunity which may not return for many years.

At the top the sales chart in the third quarter was Andalucia (16,360 transactions); that was followed by Valencia (12,116); then closely by Catalonia (11,983) and finally Madrid (10,272).

A major contributor to slaes figures were foreign residents of Spain. In the third quarter their purchases accounted for 12,764 transactions, which is an increase of 17.2%, the 13th quarterly rise.

Total number of sales to foreigners which also includes non-residents reached 13,789, or 17.2% of the total house purchases in that quarter.

The most popular areas were Alicante (3,323) Malaga (1,918), Barcelona (1,103), Madrid (839) and Tenerife (721).

Foreigner Property Sales Exceed All Expectations

Property Sales to foreigners exceeding expectationsResidential tourist industry on the Costa del Sol is recouperating from the crisis that hit when the property estate bubble burst in 2008. The rise in sales of properties to foreign consumers is now a reality. Figures for 1st six months of this year show that the amount of transactions administrated by non residents has exceeded those in 2007, the year prior to the property market went into depression. The president of the Costa del Sol Tourism Board, Elías Bendodo, and José Prado of the Association of Constructors and Developers of Malaga, report that between the start of the year and June 4,739 properties within the province were bought by foreigners. This is significantly more than the 3,506 throughout the same period of 2007 and is even forty five per cent more than the same amount of last year.
One outcome of the positive news is that the Tourism Board and Constructors’ Association continue to move forward with their ‘Living Costa del Sol’ project that aims to cut back the stock of unsold housing on the Costa del Sol, because it is believed to have significantly contributed to the positive figures.
Elías Bendodo describes the state of residential tourism on the Costa del Sol as “excellent”, saying that trailing Alicante, Malaga is the next province in España with the second best amount of property sales to foreigners. “Now we can speak of a real recovery” he also insisted.

The International Recovery.

José Prado additionally points out that at the moment one out of each 2 properties sold in Malaga province is purchased by a foreigner.
The British market is especially robust, as also is the Scandinavian market, however it’s unlikely that there’ll be a recovery in demand by Spanish consumers within the short term which is why estate agencies on the Costa del Sol tend to search abroad for purchasers nowadays.
Before the property bubble burst, in 2007, developers and constructors shifted 30,665 properties on the Costa, of that solely 5,095 were bought by foreigners. Now, the figures have altered, with 6,389 properties bought by Spanish consumers and 4,739 by foreigners.
Things are fluid within the foreign markets. Even though the bulk of consumers are still British, Scandinavians and people from Benelux countries are also buying a lot of properties here currently.
The Russian market, that was booming, has lost momentum currently as a consequence of Vladimir Putin’s call to veto certain merchandise from Europe restrict Russians from taking capital out of the country. Affects are not solely on Russians who were going to purchase a property in España however additionally those that have started the proceedings and currently realize that they can’t continue with the payments. A number of those that have recently completed a sale additionally find themselves unable to access additional funds from their home country.

Marbella Ranks in Top Ten most Expensive Places for Property

Property Puerto Banus MarbellaA recent property review highlights the location of some of the most expensive and the cheapest property in Spain.

The most sought after property on the list is the elegant street in Madrid known as Calle Serrano, the very hub of all the top designer shops and luxury goods stores. A residence or commercial premises along this street will put you back 10,900 € per m2. which equates to, approx. 1,000,000 €, for a small 96.8 m2 house.

Next on this list is Barcelona, the bustling street of Paseo de Gracia, designed by the famous  Antoni Gaudí will cost 8,450 € per m2.

Bizarrely, at number 3, Calle Hernani in San Sebastian, close to the world famous La Concha beach would be 6,400 € per m2.

As for Marbella, Puerto Banus ranked at 6th on the overall pricey places to purchase a residence, where a property in the area will set you back 5.450 € per m2.

However on the flip side of the scale, the least pricey neighbourhood to purchase a property currently in Spain is around Castellón in Valencia, where prices have dropped to 300 € per m2, equivalent to 36 times cheaper than in Madrid’s Calle Serrano.

Top 10 Priciest List 2014 (per m2)

1. Calle Serrano, Madrid (€10,900)

2. Catalonia: Passeig de Gràcia, Barcelona (€8,450)

3. Area surrounding Calle Hernani (Hernani Kalea), San Sebastian (€6,400)

4. El Sardinero neighbourhood, Santander (€6,350)

5. Abandoibarra Etorbidea/Plaza de Eusaki, Bilbao (€5,500)

6. Puerto Banús, Marbella (5.450 )

7. Paseo Sarasate/Primer Ensanche, Pamplona (€4,950)

8. Area around Calle Santigo, Plaza Universidad and Plaza España, Valladolid (€4,700)

9. Paseo de los Fueros, Megapark and Bec, Barakaldo (€4,500)

10. Paseo Maritimo, Cádiz (€4,500)

Renovated Homes & Farmhouses – Selling/Buying Property in Oxford

Lounge Building Exterior

Have you ever considered buying a cheaper property that you can later renovate and live in a luxury new home? There are plenty of beautiful farm houses in Spain and the UK. While renovated farm houses in Spain look spectacular, and interior design has characteristics such as tall walls and open style interior design, farm houses in the UK are quite similar apart despite of the size of the property. Oxford City in UK is a perfect location where you can find renovated homes or find a house that can be renovated. If you need help in finding a property like this, estate agents can easily guide you through the process of finding the perfect structure to meet your needs.

Selection of Views

What Styles of Older Homes Are For Sale in Oxford?

The area has several different styled homes. You can find a wealth of buildings from the Victorian Era. These massive structures are all brick and full of romantic looking rooms. Another style you will find is the classic Georgian facade with beautiful eaves.

Many of the homes have detached buildings that give you greater functionality. These rooms can be rented out or used as guest houses.

What Has Been Done to Renovate These Houses For Modern Day Luxuries?

Some of the houses in the area date as far back as the early 1800’s. These incredible buildings have been standing for hundreds of years. You will find that most owners have taken care of the structures and made necessary updates.

Depending on the home, different things will have been updated. Most owners strive to keep the original feel of the period in which the building was constructed. Bathrooms, kitchens, and other living spaces are brought up to code with modern appliances for a cozier feel.

How Can an Estate Agent Guide Me in the Process?

An estate agent can help you in finding the right residence for you whether old or new. Especially in the process of purchasing older homes, we can make certain you are purchasing the best property. Older buildings need additional care over the years.

Estate agents work to find you a property that has been kept up like it should. If there are repairs that need to be made, we can be sure you are informed of such. It is a great idea to use someone who is experienced in home buying to help you make such an important decision.

Although there are many estate agents available on the market, it might be difficult to find the best one. Here’s some useful tips to find a reputable estate agents.

  1. Pay attention at the properties that are for sale in your area and estate agents that are selling the property.
  2. Find estate agents that have most experience selling property similar to yours.
  3. Get a free market appraisal from at least three different estate agents. This will provide you with an estimate of what your property is worth. However, do not rush to start business with estate agents that evaluate your property with the highest price as estate agents aim to get a business with you.
  4. Ask for a list of houses that were sold by each estate agent so you can see if property evaluation has realistic numbers.

Estate agents Chancellors Oxford has properties for sale in Oxfordshire. Locations covered
New Hinksey, Littlemore, Cowley, Iffley, Iffley Village and St Clements and many of the smaller locations in between for your solution to find an Oxfordshire property. Please visit Chancellors website for more details. While Anscombes Finchley estate agents is a part of Chancellors Estate Agents Group and has properties for sale in Finchley, London, UK.

Property in Spain Costs Less than other areas of the EU

BUYING a place Spain is cheaper than elsewhere within the EU.

As published by the annual analysis on Spain’s real estate market conducted by Deloitte, the proportion of finance spent by households on mortgage payments – rate of effort – has been constantly falling in recent years and it now stands at thirty three per cent, as a consequence of the decline in house costs registered since the start of the recession.

Moreover, the typical home value in Spain is 4.4 times the individual gross wage, compared to most other countries within the European Economic Community where the value is on average 6.1 times the individual gross wage and United Kingdom and France, whereby the amount is 8.5 and 7.9 times the individual average earnings.

For the fourth year and compared to the remainder of the country, property owners in Barcelona and Guipuzcoa have had to pay a bigger proportion of their earnings on mortgage payments, given the high value of housing in those provinces.

In contrast, purchasing properties in La Rioja, Lleida and Pontevedra is more accessible, since the speed of effort is less than thirty per cent.

Why Chinese property investors choose to buy property in the UK?

UK and China has an improved trade relations. A rising number of Chinese children are now being admitted in top schools along, which is among the key factors that drive Chinese investment in properties at prime central London.

W.A. Ellis, an agency in prime central London, made a research that stated the liberalization of China’s currency, the Renminbi (RMB), has created a rising price of newly constructed residential properties in China’s first tier regions and an increasing number of Chinese high net worth personas seek offshore investments. This adds attraction to London’s real estate.

The agency’s recent research pointed out that about £3.5B was spent exclusively on UK properties made by Chinese investors in 2013. The current Chinese currency strength means that the price of buying properties as assets in London is around 8% cheaper than it was a few years back.

The research done by Hong Kong-based property firm – Centaline – on the first quarter of the year 2013 emphasized the impact of around 15% tax introduced on foreigners that invest in Hong Kong. This resulted to four-year low decrease in the sales of luxury houses to mainland Chinese investors.

Lucy Morton – a senior partner and head of lettings at W.A. Ellis has returned from a trip to Hong Kong – said that there is confidence in the real estate market in London. Investors have become frantic to buy and the liberalization of RMB has immensely helped, which is partly the responsible for widening the profile of buyers.

She also stated that around 20 years before buying London properties are exclusive to the rich. Today, there are high net worth personas, in large numbers, who are interested in investing within the capital.

She highlighted the interest of buying through exhibitions. People are interested looking at exhibitions considering that they have researched about the area where they want to buy as well as the schemes and developers of the property they are going to buy. Deposits are made ready and so they leave right after making their purchase.

Morton also pointed that South East Asian investors have purchased new luxury property developments within central London, which are usually one or two bedroom apartment. There are majority, however, that are buying just one apartment but other high net worth families can spend millions.

Apart from the ones mentioned, she also explained that there has been an increase in property portals such as Juwai.com and search engines that are in Chinese dialect such as Baidu. She added that this has helped the marked and will play a major role in the near future.

According to Morton, education has prompted this residential investment. There are children who attend private schools in London and they are in greater numbers. Mandarin is currently becoming part of the curriculum in a lot of schools. When they reach university age, a lot of students arrive and because of this their families seek private rented sectors. The steady growth of South East Asian students’ number has been seen, which also increased the rental numbers of centrally located properties.

Property Sales increase in Spain

Property Sales increase in SpainThe Spanish property market because of the rise in sales of residential properties grew by eight per cent in June 2014 compared to last year.

Sales statistics just released from the National Statistics Institute, shows that Spain has seen a year on year increase in property sales for four consecutive months, ending a ten month duration of year on year declines.

Valencia boasts the largest increase of house sales per 100 thousand people, followed closely by the Canary and Balearic Islands.

In relation to this, Madrid performs the highest, with a 30.4 per cent increase. Extremadura, with 25.7 per cent, and Navarra, at 19.3 per cent, placed at second and third.

There has been very positive movement on the Costa del Sol this year. to put it into perspective: there have been four new housing developments within the Costa in 2013 compared with none throughout the previous 3 years. Potential developers need to stay grounded, however, as thirty per cent of recent homes on the Costa are still to be sold.

An average two-bedroom apartment on the Costa del Sol can go for €196,956, while a family home comes in at €393,520.

Experts predict that Spanish property markets is likely to stabilise towards latter part of the year.

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.