According to data released by Tinsa today, the average price of finished housing remained stable throughout March showing a slight increase of 0.8% over the same month last year.
The areas of the “Mediterranean Coast” and the “Balearic and Canary Islands” show the most positive month with both areas showing an increase in prices of 4.3% during March.
The cumulative adjustment since the pre-crisis peak remained at -41%.
Only two areas recorded negative adjustment on the annual rate. “Capitals and Big Cities” and smaller towns grouped under “Other Municipalities” both recorded prices slightly below those of March 2015, with annual declines of 0.6% and 1.3%, respectively. The areas grouped under “Metropolitan Areas” recorded a healthy increase of 2.8%, year-on-year.
Quarter 1, 2016
When looking at the evolution of prices over the first quarter of the year, the overall pricing index is 2.2% higher than the end of Q4, 2015. The highest quarterly shift was recorded in the “Balearic and Canary Islands” where prices increased 5.4% over the previous quarter. Following closely behind was “Other Municipalities” with a 3.4% increase, and the “Mediterranean Coast” where prices of property for sale increased 3.1%.
Despite recent price increases there is still a huge gap between today’s prices and those of 2007. The average adjustment across the country is currently -41%. In the “Mediterranean Coast”, despite the recent onset of a recovery, is still showing the greatest difference over prices of eight years ago. Currently prices on the south coast are 46.5% lower than before the crisis. Other areas where the price difference is over 40% include “Capitals and Large Cities” and “Metropolitan Areas”, where prices are currently 45.1% and 43.8% below pre-crisis levels, respectively.
The lowest cumulative adjustment since the crisis is recorded in the “Balearic and Canary Islands” where prices are currently 29.1% down, while “Other Municipalities” are still 36.1% below those of 2007.
The Tinsa IMIE index is calculated on the annual change in the value of a m² of a property.
February 2016 proved to be a great month for property sales as the number of property transfers increased 5.3% over the same month in the previous year to a total of 154,386 properties.
Sales of housing increased a whopping 15.8% with 34,771 deed transfers registered, according to data released by the National Statistics Institute.
When looking at the type of housing sold, 84.9% was in relation to urban properties, with 15.1% of properties being rural. In the case of the urban properties, 56.7% were residential properties.
Rural properties showing an increase in the annual rate of 4.2%, while for urban properties the increase was 13.9%.
According to the data, 22.5% of the homes sold in February were new properties while resale (second-hand) properties accounted for 77.5% of purchases. This represents a fall of 0.2% on new property while resale properties seem to be responsible for the positive figures after registering a 21.4% increase in February.
Per 100,000 residents, the communities with the highest increases in property transfers during February were Extremadura and the Balearic Islands, with increases of 29.6% and 26.4%, respectively.
The only two communities to register a negative monthly variation were Andalucia which saw a fall of 10.6% and Galicia where property sales fell 1%, when compared to the same period in 2015. Despite this overall decline, Andalucia recorded the highest number of home sales in February with 6,476 homes sold. They were followed by Cataluña with 5,304 and Madrid with 5,275 home sales.
When looking at sales of residential property, the communities with the highest annual increase were the Basque Country with a massive 50.3% increase, closely followed by Asturias with a 40% increase and Cantabria where home sales increased 38.9%.
Type of Housing
The data suggests that 89.2% of the properties sold in February were free housing while 10.8% was protected. This represents an increase of 16% for free housing while protected housing increased 14.3%.
The data further suggests that when comparing February to January, 2016, sales of residential property increased by 7.3%, representing the first positive February for five years.
There are hundreds of things to see and do along the 150km of the Costa del Sol from water sports, to museums, to climbing, to zoos. You are sure to find something to fit your preferences.
If you do a search on TripAdvisor you will see hundreds of results and it could take a while to look through them all. As summer is approaching and tourists are planning their trips I thought it might help if we looked at the Top 10 and hopefully it will help you with at least a few days out during your visit.
1. Puente Nuevo Bridge (Ronda) / El Tajo (Ronda)
The Puente Nuevo Bridge is in the picturesque city of Ronda, around 40 minutes inland from the coast. It is the newest and largest of the three bridges that span the 120m gorge that splits the city and in which the Guadalevín River flows.
Construction of the bridge began in 1751 and took a staggering 42 years to complete. Over 50 builders lost their lives during construction.
Above the central arch there is a chamber that was originally used as a prison. During the Spanish Civil War, it is alleged that the chamber was used for the torture of captured enemy forces. Some were allegedly killed by being thrown from the chamber onto the rocks at the bottom of the gorge, named El Tajo.
Today, the chamber contains an exhibition of the bridge’s history and construction. It is a very popular tourist spot and a must-see for those visiting the coast. The bridge and the nearby viewing platforms provide astonishing views while the town centre provides a mesmerizing array of Spanish tapas. The square is encircled by coffee shops, tapas bars and restaurants.
Put Ronda on your list of things to do!
Trip Advisor Ranking – Puente Nuevo Bridge – 4.5 (2,091 reviews), El Tajo – 5 (975 reviews)
2. Parque De La Paloma (Benalmadena)
The Parque de La Paloma (Park of the Dove) is the largest green space in Benalmadena and is considered to be a central meeting point for the locals.
Situated in the small town of Arroyo de la Miel, the park consists of over 200,000 square metres of green space. It contains an artificial lake containing plenty of fish, turtles, ducks and the occasional swan. You won’t be alone even if there are no other people in the park thanks to the surprising amount of animals living there. Expect to see peacocks, hens, chickens and rabbits. You can also see mountain goats and ostriches, yes, ostriches. Other facilities include two children’s play areas, walking paths with clear signposting, natural wildlife and a restaurant area.
If you know Marbella at all you will think of it as a modern, bustling, tourist hotspot and probably the most popular and well known town on the Costa del Sol.
Take a step back from the main road though, and you will find yourself transported back to before the rest of the world discovered it and started to fill its beaches.
It is difficult to imagine a town that is so popular with modern culture managing to preserve so much of its past and also to retain its appeal with today’s demanding travellers.
As you walk through the narrow streets you will discover plaza after plaza, each surrounded with tapas bars and restaurants, and most filled with people. Orange trees line the paths and during summer the smell of orange blossom adds to the beauty of this small area of the coast.
Plaza de los Naranjos (Orange Square) is arguably one of the most popular, partly thanks to Judith Chalmers, ex-host of UK holiday show “Wish You Were Here”. Ms Chalmers was a frequent visitor to Marbella and often said Orange Square was her favourite part.
Many of the narrow streets are lined with small boutique shops and bars. They are very small and personal and most are open every day. Beware of the siesta though. A lot of the smaller, independent shops will be closed from 2pm to 4pm for a nap. This is more prevalent during the summer when daytime temperatures regularly exceed 40 degrees.
Trip Advisor Ranking – 4.5 (2,492 reviews)
4. Museo del Vidrio y Cristal de Malaga (Malaga)
Malaga’s Museo del Vidrio y Cristal sits within beautiful restored 18th century house not far from the city centre.
It provides visitors with the chance to browse “the history of humanity by means of glass” by viewing its private collection of over 3,000 pieces of glass and glassware. The exhibits are accompanied by photos, furniture and other decorative items that sit within each historical period represented.
The exhibits are accompanied by photos, furniture and other decorative items that sit within each historical period represented.
The museum aims to be not only a museum of objects and history but also a point of reference for artisan techniques from the past, many of which have been consigned to the history books, or museums just like this.
The museum is open Tuesday to Sunday, from 11am to 7pm. All tours are accompanied by a guide but there is no extra charge for this. If your group consists of more than ten people you may need to book in advance.
The Museo Automovilistico de Málaga is one of the more recent additions to Malaga’s list of things to do having opened in 2010. It is housed in one of the city’s most architecturally wonderful buildings, the old tobacco factory.
The museum houses the private automotive collection of Portuguese car fanatic Joao Magalhaes and its estimated value is around 25 million euros. It is claimed to be one of the most important, and significant collections of vintage cars in the world.
The display consists of more than 80 cars, both vintage and modern, alongside other travel-related memorabilia from the 1920’s through to the 1950’s.
Covering 6,000m² and with high ceilings and long thin windows, the museum is a great place to view these automotive artefacts. The display is split into ten sections, each covering a different era. These include Belle Epoque, the Art Deco 30’s, Dolce Vita 50’s and English Tradition, in addition to more modern themes including alternative energies, and tuning.
Like cars? Make sure you visit this museum. You won’t be disappointed.
Trip Advisor Ranking – 4.5 (1,216 reviews)
6. El Torcal Natural Park (Antequera)
El Torcal de Antequerra is a reserve of 17 square kilometres in the Sierra del Torcal mountain range, south of the city of Antequerra.
The park was designated as a Natural Site of National Interest back in 1929, but wasn’t declared a nature reserve until 1978.
The park is well known for its unusual rock formations and shapes. The limestone is about 150 million years old and time has shaped it, along with water and wind, to form strange “piles” of flat rocks, balanced impossibly on top of oneanother. Many have evolved into seemingly familiar shapes with some being nicknamed. You can look out for the Sphinx, the Jug, the Camel, and the Screw.
The area also includes caves and other underground formations. Some of these are of historical importance like the Cueva del Toro (Cave of the Bull) inside of which, Neolithic artifacts have been discovered.
7. Celia Morales Traditional Flamenco Guitar (Ronda)
There isn’t much in the world that says Spanish Culture more than Flamenco Guitar and Flamenco Dancing. If you are visiting the coast, or any other part of Spain you should definitely try and see a show. I saw one in Granada a few years ago and it was very impressive. The effort and emotion that goes into Flamenco guitar is like nothing I have ever seen.
Celia Morales has been playing guitar since she was 8 years old before later studying classic guitar at Malaga’s Music School. In 1998 she decided to focus her efforts on Flamenco Guitar.
You can see Celia perform in a very small, intimate showing every day (except Sunday) from 19:30. The price is 15 Euros per person. You will be very close to the performer which will immerse you in the emotion and elegance of the flamenco style.
The Alcazaba of Malaga palatial fortress originally built to deter pirates around 756-780AD.
Built on a hill in the centre of the city, it overlooks the port, and consists of two walled enclosures, or an inner citadel and an outer citadel.
Initially, it was also connected to the city ramparts forming a third defensive line but today only two inner walls remain. The first, built around the topography of the hill, completely encloses the second inner area and is dotted with defensive towers.
As you move through the fortress you will see a number of immaculately manicured gardens and elaborate fountains, in addition to simply stunning architecture. You will also be able to see beautiful arches, towers, gates, and original marble columns. There are also dungeons, a mosque and baths which are usually accessible.
The Alcazaba is open from 9am to 8pm although entrance is permitted only until 7:30pm. Entrance is only a couple of Euros so if you’re in Malaga you should definitely take a look.
Benalmadena Marina has twice been awarded the Best Marina in the World and when you see it you can understand why.
It is without doubt the most amazing port and residential complex in Europe with a mix of architecture from Indian, Arabic and Spanish cultures. Many of the structures sit on artificial islands which add to the allure of the area.
There is a huge array of shopping facilities and eateries catering for all appetites, all available to eat in the sun at the water’s edge. Can life get any better?
You will also find a casino, bars and clubs, in and around the marina with golf courses close by. The marina provides everything you need from leisure to entertainment to food and drink to shopping – enough to keep the most demanding visitor occupied.
The area has held a European Blue Flag for its beaches and water quality since 1987! More information can be found here.
Trip Advisor Ranking – 4.5 (3,443 reviews)
10. Cueva de Nerja (Nerja)
Cited as one of Spain’s most popular and historically significant sites are the Nerja Caves – a series of large caverns covering almost 5km and housing the world’s largest stalagmite – a 32m formation which measures a jaw-dropping 13 metres by 7 metres at its base.
The caves are split into three galleries – Show Gallery, Upper Gallery and New Gallery – each consisting of a number of Halls. Some of these halls contain prehistoric cave paintings but due to their delicate and important nature these areas have limited access.
The caves were discovered relatively recently, in 1959, by five local boys out hunting for bats. Not long after, in 1960, the caves were officially inaugurated and opened to the public.
The caves are open every day of the year except Jan 1st and May 15th. For 2016 some new guided tours have been introduced including The Secrets of the Caves, The Discovery Tour and a Night Tour.
So there you have it! This is only a tiny selection of things to do on the Costa del Sol. TripAdvisor lists over 500 activities and places to visit so get your bags packed and head on down here for the summer. You will not be bored!
The world’s leading travel trade show took place in Berlin over the weekend and President of the Junta de Andalucía, Susana Díaz, was there on the opening day.
Díaz is reportedly “delighted” at the prospects for German tourism in Andalucia this coming summer following a very successful show.
In 2015 the number of German tourists visiting the region increased by almost 5% and this trend appears to be continuing as there has been a 12% increase in bookings compared to the same time last year.
Over 1.2 million tourists arrived in Andalucia from Germany in 2015, a 4.8% increase over 2014. These visitors accounted for 800,721 hotel nights representing a 3.1% increase. The total of overnight stays by German tourists was a massive 3.8 million. This was a rise of only 0.6%; a small yet significant increase. The average length of a visit was 11.3 days, which is slightly over the Spanish average of nine days.
Two major tour operators, FTI and TSS Group, have both indicated that they have increased their capacity for Spain because they have seen a growth in demand.
Despite the numbers suggesting a good year, Díaz pointed out that the German market had not performed as well as expected in 2015, either in Spain as a whole, or in destinations such as the Costa del Sol and Malaga city, despite up to one third of German tourists visiting those areas. She added that Andalucia was keen to see an increase in German arrivals as they are the third nationality in terms of holiday spend.
“We have come to the ITB with two things in mind: to discover new trends and products which are popular with German tourists and to promote Andalucía as a holiday destination par excellence. We offer a very extensive variety of different facilities and this is what visitors require, so we have the potential for enormous growth,” Díaz said.
According to Díaz, German tourists are loyal to Andalucia and many return to the region year after year. “I am convinced that the figures this year will be higher than last year. Germany is a great ally in terms of tourism and a key market towards our aim of achieving 30 million tourists during this legislature,” she added.
As a means of ensuring the arrival of more Germans this year Díaz explained that work is required to improve air connections between the countries as this is currently the “Achilles heel in this market” adding that there is a need for extra direct flights from German airports to Malaga, Seville and Almeria.
As a results of security scares and terror threats in other popular tourist destinations, including Turkey, Tunisia and Egypt, Andalucia plans to try and make the most of the extra interest in Spain. There has been a reported 40% drop in bookings to those areas. Díaz announced that they plan to invest 2 million euros to promote the area to capitalise on this with up to 50 promotional activities with a big push for Andalucian beaches, golf, health and cruises saying “We want the figures, which are already good, to become extraordinary,”.
Sitting in a quiet, rural location just outside Benahavis on the road to Ronda you will find one of the most exclusive, luxury developments on the Costa del Sol – Club de Campo La Zagaleta.
Only a short drive from the famous Puerto Banus, La Zagaleta is one of the most sought after locations in Spain boasting a small number of large, private properties housing some of the coasts rich and famous visitors.
When you purchase a property in La Zagaleta you don’t only get privacy and luxury, you also get beautifully manicured, landscaped gardens, club houses, 24-hour security and access to two professional golf courses: La Zagaleta and Los Barrancos.
Club House and Sports
The 5,000 m2 club house provides a community space for residents and their guests to relax and enjoy some of the activities that few other developments are able to provide.
Residents can make use of meeting rooms, restaurants, bars, and a cafe. There is a swimming pool and sauna area for the parents to relax in while the children can enjoy a discotheque, billiard room and even a bowling alley. The swimming pool area also provides a barbeque and snack bar.
For the horse lovers there is a fully equipped riding club breeding Arab and Spanish horses. The club offers 23 stables and four training arenas. There is more to La Zagaleta than just luxury properties!
For tennis fans there is a choice of clay or hard-surface tennis courts to hone your skills.
If you are a golfer, then La Zagaleta has everything you could want from two professional golf courses to an on-site pro shop.
A unique 18-hole course, La Zagaleta Golf was designed by the Californian architect Bradford Benz in 1991 and opened at the end of 1993. One of the major objectives for the designer was to preserve the beauty of the natural surroundings and this has been achieved.
From the start of your round until the end you are unlikely to see anything other than nature as there are no parallel holes and the only other thing you will see is the spectacular clubhouse after the 9th and 18th holes. A round at this course is like playing on a nature reserve.
Each hole has four tee positions to allow players of all skill levels to enjoy the course. Choose the closest tee for a tranquil, relaxing round, or the furthest tee to challenge yourself and play like the professionals.
Aided by the natural slope of the valleys the path to each hole is clear to see with clear access to the greens. There are few courses that offer such peace and privacy as this, although you may have to share the fairway with a pheasant or a deer.
Opened in 2005, Los Barrancos is a par 70 course once again shaped by the landscape that surrounds it.
As you progress through your round you will pass cork trees in between which many animals have made their homes and from where they can be seen watching the golfers passing through. The course is situated on the north part of the estate and sits between mountains and valleys creating a unique course with stunning views.
On the par 3 second hole the green is separated from the trees by the Embarcadero Lake, pure mountain water, which adds another level of natural beauty to the course, as well as increasing the difficulty level.
The natural form of the landscape makes for improved bunkering rather than the stereotypical resort style with more traditional, strategically placed bunkers.
The intention to integrate this course with nature has been well realised with several holes having fresh water streams running alongside, while the entire course is surrounded by beautiful local flora. The sound of flowing water with the sounds of local animals and birds makes this one of the most relaxing courses on the coast and is well known for providing an exciting and pleasurable round of golf.
No two properties are the same in La Zagaleta, although they all stick to the Andalusian style so as to blend well into the natural environment.
You have a choice when looking to make a move to this exclusive community as you can either purchase one of the few remaining plots or one of the villas that is currently under construction. Alternatively, you can choose one of their signature villas which provide “a wave of 21st century architecture that blends with the countryside.”
You could also choose from one of the many properties that already stand in the estate, all constructed to the highest standards with the highest quality materials.
The signature villas have been designed with a minimum of 8 metres between each plot to ensure privacy. This also provides space for the local wildlife to make their way around the properties thus causing them minimal disruption.
The modern design of the villas reflects the latest in contemporary architecture and fulfils the five main elements of property design – water, light, landscape, comfort and practicality.
Each of the villas is located on a large plot with sizes ranging from 3,000m² to 25,000m². Many of the villas provide up to 8 bedrooms, with similar numbers of bathrooms. Private pools are an essential in this estate as well as multi-car garages. There is nothing small in La Zagaleta!
This, unfortunately, is also true when it comes to prices. However, most of the properties are owned by the very rich and famous and if you are not in that club you are unlikely to be looking for property here. Rumour has it that Russian President Vladimir Putin owns a property in La Zagaleta, as well as Chelsea FC owner Roman Abramovich. It is also said that British Actor Hugh Grant and singer Row Stewart also own properties on the estate, so you are in good company.
If you plan to buy a villa in La Zagaleta you should expect a price of over a million euros to buy a plot and anywhere from 5 million to 25 million euros for an existing property. Remember though, for that money you get to live on one of the most exclusive estates not only in Spain but in Europe, with facilities to rival any world class hotel or country club.
La Zagaleta truly is the epitome of luxury living. For more information on the properties of La Zagaleta visit www.villaslazagaleta.com, or call us today on +34 952 907 386.
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.
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.
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 of 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.
BEAUTIFUL 3 BED TOWNHOUSE IN LOMAS DE MARBELLA CLUB – Ref: MFSTH868
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