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Category: Real Estate

Published on Leave a comment on <!--:en-->New Andalucia Rules Attract Scandinavians<!--:-->

New Andalucian Property Legislation aims to legalize almost 300.000 buildings

andalucia 300x225 - <!--:en-->New Andalucia Rules Attract Scandinavians<!--:-->Almost 300.000 illegal buildings in Andalucia are about to be regularized as the New Andalucian Property Legislation comes into effect this month.

The decree, which affects all of Andalucia, aims to legalise many of the buildings constructed on rural land. Nevertheless this still leaves a large number of properties that for one reason or another will not qualify for the legalisation process.

This has attracted the attention of potential clients from Scandinavian countries looking to buy property in the Axarquia area, especially around La Viñuela reservoir, according to a report in local Spanish daily La Opinión de Malaga.

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Published on Leave a comment on <!--:en-->A Country Immersed in Nationwide Protests and Luxury Property Projects<!--:-->

Dubai hotel chains come to Mallorca. Luxury Strategic Plans set in Costa del Sol

suitcase 300x200 - <!--:en-->A Country Immersed in Nationwide Protests and Luxury Property Projects<!--:-->"As the pain of Spain's property crash continues to hit people hard, a nationwide movement is now fighting back", writes Tom Barridge, BBC News correspondent.

These words strongly crash, just like our Real Estate Market crashed, against "other realities" such as Dubai hotel chains coming to Mallorca and Luxury Strategic Plans in Costa del Sol.

Yesterday, February the 29th, thousands of citizens took the streets in protest. No need to explain why. Pure impotence could be registered by hundreds of images shared via facebook, twitter, flickr and other social networks.

Younger Spaniards for the first time don't believe parents who have told them for decades that they should always buy instead of rent and treat real estate as an investment that will never go bad. The age-old saying in Spain that prices never go down or not for long is now broken.

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Published on 1 Comment on Costa del Sol Elite Collection

Luxury tourism plans will attract visitors from Russia, Persian Gulf and the U.S.A.

bendodo3 300x199 - Costa del Sol Elite CollectionElias Bendodo, president of the Tourist Board in Málaga, recently presented details of the Costa del Sol Elite Collection, which is aimed at bringing together tour operators and travel clubs for those with high purchasing power, transport, accommodation, leisure and the most select excursions.

Marbella will be the standard bearer of this product which will include private aircraft companies, chauffeur-driven cars, luxury hotels and beach clubs and individually-designed trips to places of interest in Malaga province.

"We will be the third corner of the triangle of the Spanish luxury sector, with Madrid and Barcelona", explained Mr. Bendodo.

The Costa del Sol Elite Collection will be officially presented in March at the Arabian Travel Market tourism fair and then at events which feature the most exclusive tourist attractions, such as the fair in Las Vegas in August and the ILTM in the French resort of Cannes.

This plan will also include familiarisation trips for agents from Arabia, Kuwait, Qatar and India; the latter, together with China, are the main markets to which this exclusive product will be marketed in the medium term. 

Published on Leave a comment on The Russians are coming! Russian Meeting Point in Marbella

The place and time to be in real estate: Russian Meeting Point Marbella, 14 -16 March 2012

padierna - The Russians are coming! Russian Meeting Point in MarbellaA month from now, the Russian Meeting Point will take place in Marbella. It is claimed to be "the" saving board for our Spanish Real Estate Market.

The “Russian Meeting Point” is organized by Barcelona Meeting Point in cooperation with the President of the Andalusian Federation of Urban Developers and Residential Tourism and the owner of the Hotel Villa Padierna Palace, Ricardo Arranz.

The event will thereby take place at Villa Padierna Hotel on the 14th – 16th March, as mentioned. It aims at getting together hundreds of Russian investors and real estate agents with the entrepreneurs of the “Golden Triangle”, for the purpose of releasing the stock of properties available in the areas of Marbella, Estepona and Benahavís.

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Published on 1 Comment on Spanish Real Estate Agents Demand Tax Incentives for Foreign Investors

They demand banks not to lower house pricing, instead, lower fiscal pression on foreign house buyers

rajoy - Spanish Real Estate Agents Demand Tax Incentives for Foreign InvestorsPresident of Spanish Real Estate Agents and Constructors Association (APCE), José Manuel Galindo, demands not to lower construction assets to "excessively low levels" due to consequences on Real Estate. Instead, he asks of banks to act according to interest rate or installment plans.

Looking abroad would only benefit Spain according to Mr. Galindo. For that reason, he propose "tax incentives not only to resisdents but also foreigners".

Turns out there are more factors than house pricing to persuade house hunters. Last Tuesday we read on El Mundo newspaper how mortgages would go down even more during 2012.

"No matter how much we lower prices when there's no financing available to buyers".- added Mr. Galindo.

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