Marbella, Estepona and Benahavis are officially among the hottest and "most mature" markets in Spain. The high-end housing sector in the last year has moved more than 350 million euros in the municipalities of this three towns. ...continue reading "Three Costa del Sol towns are positioning Malaga’s luxury property market at the top of national rankings"
Ever since the late King Fahd decided to build a complex of five palaces and a number of mansions on the exclusive Golden Mile during the 1980s, Marbella’s image has been associated with the excesses of the Saudis.
Fahd’s building spree followed a successful visit to the ritzy Incosol Hotel In 1979 when he was still Crown Prince, prompting him to choose this corner of Andalusia over the South of France for his summer residence.
But while his presence and that of his extraordinarily extravagant entourage might have made the biggest splash, his Kuwaiti neighbors had already blazed the trail, investing their petrodollars in property and starting a love affair with Marbella that has lasted 40 years.
...continue reading "The ongoing love affair between Kuwait and Marbella"