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Published on Leave a comment on Property sales in Spain reach three year high

Residential property sales in Spain increased in May to their highest level for three years, according to the latest official figures.

Mijas 300x199 - Property sales in Spain reach three year highBut there is an ongoing collapse in new home sales, the data from the National Institute of Statistics (INE) shows.

Overall there were 26,455 homes sale in May, up 5% on last year and 11% on the year before that. But a breakdown of the figures shows that the increase came from the resale market, up 34% over 12 months, whilst new home sales fell 42% to just over 6,000.

The overall picture is one of a recovery in demand for property in all areas where foreigners tend to buy, but with the market hamstring being a lack of attractive new homes for sale.

However this could be about to change. Demand is growing for new homes in Marbella, for example, and developers are building again.
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Published on Leave a comment on On the Market: Fabulous Villa for Sale in Zahara de los Atunes (Cádiz)

Zahara de los Atunes (Cádiz), 5 bedrooms, 5 bathrooms, Lot 2,265m2, Built area 430m2, Swimming-pool, 500m away from the Beach, Second Hand, In Urban Area, In a mountain area, 2,700,000 €, Request Details

1. Detached villa for sale in Zahara de los Atunes - On the Market: Fabulous Villa for Sale in Zahara de los Atunes (Cádiz)

4. Detached villa for sale in Zahara de los Atunes1 - On the Market: Fabulous Villa for Sale in Zahara de los Atunes (Cádiz)
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Published on 1 Comment on Renovated Apartment in Barcelona by CaSA Architecture

The property occupies an art nouveau building of the Eixample district of Barcelona and was fully renovated by CaSA and Margherita Serboli to become the holiday apartment for an Italian family.

1. Tyche Apartment Barcelona1 - Renovated Apartment in Barcelona by CaSA Architecture
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Published on Leave a comment on Multinational investment fund negotiates the purchase of Puerto Banús

The offer, from a group involving Credit Suisse, is set to be over 200 million euros and is linked to the possible extension of the site.

Marbella Puerto Banús 300x200 - Multinational investment fund negotiates the purchase of Puerto BanúsBoth sides are acting in absolute secrecy, but the negotiations are happening. A group involving a Chinese investment fund, the holding company Credit Suisse and the Spanish construction company Fomento de Construcciones y Contratas (FCC) have presented an offer for the licence for Puerto Banús, which has been in the hands of a private company since construction of the site finished.

The offer was made recently and the deal could be concluded before the end of the year, according to sources consulted by SUR. Although they have no involvement in the negotiations, the Public Agency for Ports in Andalucía (APPA) as well as Marbella town council have been informed about the existence of the offer and the development of talks. Representatives from the group of investors have held at least one meeting in Marbella with the APPA.
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Published on Leave a comment on Detached Villa for Sale in Mijas Costa (Málaga)

Mijas Costa, Malaga, 4 bedrooms, 3 bathrooms, Lot 800m2, Built area 300m2, useful area 280m2, Swimming-pool, Seaside Resort, Second Hand, Luxury property, garage for 2 cars, laundry and storage room, A/C, double glazing, wifi, light-filled: facing south and west, €560,000

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3. Detached villa for sale in Mijas Costa Málaga - Detached Villa for Sale in Mijas Costa (Málaga)
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