Cabuérniga (Cantabria), main house: 717 sqm, plot: 8000 sqm, 6 bedrooms, 5 bathrooms
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Minimalist Style Apartment in Alcúdia, Mallorca, by Minimal Studio
Complete apartment renovation in Puerto de Alcúdia, Mallorca, designed by Minimal Studio.
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British buyers down in Spanish coastal areas due to Brexit
Brexit is bad news for the recovering Spanish property market with a real estate conference in Marbella hearing that it is already having an impact with a fall in British buyers.
Interest from British buyers in locations like the Costa del Sol where they have been the biggest group of foreign buyers for many years, began dwindling in the run up to the European Union referendum in June and since.
Property expert Mark Stucklin told the conference, organised by Spanish appraisal company Tinsa, that British buyers made up 36% of foreign market in the Malaga province last year, more than double the next biggest group from Sweden and 50% of the top six markets combined.
He believes that when reliable figures are made available they will show a big decline in British purchases, perhaps 50% or more in the six months after Brexit. Stucklin said that he also spoke to other property industry professionals at the conference, including lawyers and estate agents and most of them said that Brexit is having a significant negative impact on their business.
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For Sale: Luxury Villa in Benahavís, Costa del Sol, Málaga
Single House Re-Using a Former Water Cistern by Valdivieso Arquitectos
Valdivieso Arquitectos transformed the site of a former water cistern in Alpedrete, Madrid province, into a sculptural masterpiece of a single-family home.
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7 Apartments to rent under €890/month in Costa del Sol, Málaga province
For Sale: Villa in Playa Honda, Cartagena, Murcia
Interior Design: House in El Masnou, Barcelona, by VIVE Estudio
Family house renovation in El Masnou, Barcelona, designed by VIVE Estudio.
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British fund to invest 25 million euros in five luxury villas in Marbella
The London-based British fund Pacific Investments has announced plans to invest 25 million euros in the construction of a complex of luxury villas in the Sierra Blanca area of Marbella.
The exclusive project is aimed at a privileged few, buyers with very high purchasing power; there will only be five properties in total, and the price is expected to be around seven million euros each.
The complex, which was launched by the director de Pacific Investments, Mark Johnson, and the head of Penna Properties Partners in Marbella, Christopher Penna, has been designed by the Torras y Sierra architecture studio, which also designed the Finca Cortesín hotel.
The construction of the villas will begin as soon as the council has issued the works licence – this should be done within the next few weeks, they say – and the site chosen for the exclusive development is the area known as Cascadas de Canoján, in the upper part of Sierra Blanca.
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