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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.

development in Marbella 300x198 - Property sales increased more in Marbella last year than anywhere else in SpainThe 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.

The Ministry’s statistics include all provincial capitals and towns with more than 100,000 inhabitants. Marbella has ranked higher than Parla (17.2%), Móstoles (12.7%), Guadalajara (12.5 %), Ceuta (10.3%) and Madrid (9.3 %).

In total, in the whole of Spain there were 300,349 property transactions last year, which is a drop of 17.4 per cent compared with 2012.
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2 bedrooms, 2 bathrooms, Swimming-pool, Marbella (Malaga)

Luxurious 2-bedroom townhouse featuring innovative and modern design. Located in the upmarket area of Sierra Blanca, the home features modern conveniences such as intelligent house system, underfloor heating, private lift and swimming pool. Facilities in the development include two communal pools, gym, sauna, Turkish baths, indoor pool, 24-hour security and verdant landscaped gardens. A unique opportunity to live in one of the most sought-after addresses in Marbella.

The price is 850,000 €.

Click on the following link in order to view more information about this property: spainhouses.net

4476854 1110689 foto 700897 - Modern and Luxury Chalet for Sale in Marbella, Malaga
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Ángeles Muñoz, Mayor of Marbella, has announced that the controversial plans to build skyscrapers in the town will not go ahead, and the debate about them is over. She did not say whether the modification of the town plan which was recently approved as a first step towards building the tower blocks would be debated again by the council with a view to annulling it.

46353 1240990 foto 7 300x225 - The debate is over: no skyscrapers in Marbella (Málaga)Backtracking on her previous statement to the effect that no decision would be made until a public board had been convened and consulted, and in the face of strong opposition, the mayor said that it would not be necessary to wait for January and the advice of the yet-to-be-created board, because the decision had been taken.

In the mayor’s opinion, this means an end to the debate about the project for skyscrapers. Asked about the creation in Marbella of a citizen platform made up of promoters, architects and ecologists who are opposed to the project, she said:

“Anybody can form a group and debate. If a platform is set up we will be delighted to hear its opinions, but on the part of the local government I am telling you there is no intention to go ahead,” (in reference to the skyscrapers).
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The town planning debate which has raged recently over plans for a 30 storey residential block took a new turn when Mayor Ángeles Muñoz announced that they will only go ahead if there is a general consensus - which at the moment is not looking likely.

Puerto Banús Marbella 300x225 - There Will Be No Skyscrapers in Marbella Without ConsensusThe final decision will not be taken by the council, but by a board, the ‘Consejo Social de la Ciudad’ with members drawn from local and social organisations, professional bodies and other groups. This board, which is an entity which can be set up in large towns, does not yet exist in Marbella but will be constituted in January.

The mayor emphasized that legally, it is the Town Hall’s prerogative to take the decision, but it will abide by the recommendation of the board.

The modification to the Urban Plan to allow tower blocks to be built in five areas of the municipality of Marbella, at up to 150 metres above sea level received initial approval at the last council meeting.
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Since Marbella Town Hall approved modifications to local planning restrictions to allow the construction of skyscrapers in the municipality, so far only one project has been put forward. 4476854 1121096 foto 890638 300x171 - The Construction of a Skyscraper in Marbella, Malaga (Costa del Sol)The plans envisage a 30-storey residential block reaching 115 metres above sea level on the Istán road. The high rise block would be designed by Catalán architect Ricardo Bofill, thanks to negotiations with the developers that are in their final stages.

While several investment groups from Spain and further afield have shown an interest, this is the only definite project that has reached the local planning offices.

The site for the block would be near the Istán road, just over a kilometre from the coast, and not far from the Olivia Valere night club, Les Roches hotel management school and Manolo Santana’s tennis club. The project is for a solely residential building with a maximum of four luxury flats per floor.
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