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Tag: Marbella

Published on Leave a comment on Owners of holiday homes rush to comply with new regulations

Many owners of holiday rental properties are now rushing to register them as tourist accommodation in order to comply with new regulations which come into force on 11 May.

40808693 1777870 foto 122426 300x225 - Owners of holiday homes rush to comply with new regulationsThe number of applications to register a property on the ‘Registro de Turismo de Andalucía’ had increased by 705% by the end of April, according to Monsalud Galindo, the regional government’s Tourism delegate in Malaga. Between 1 January and 30 April, there were 1,736 applications to register rental properties, compared with just 246 in the same period of 2015. Next Wednesday is the first day that registration numbers will be assigned, enabling owners to rent their properties legally.
The new decree states that any property in Andalucía must be registered if it is habitually rented out for holidays at a price set by the owner and is marketed through tourism channels such as travel agents or online platforms.
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Published on Leave a comment on Prince’s former Marbella mansion on sale for €5.25 million

Prince discovered the charms of Marbella in the summer of 1990, during a tour of Spain. Six years later, when he married his first wife, Puerto Rican dancer and singer Mayte García, he bought her a 900-square-meter villa set amid 6,000 square meters of grounds, nestling in the hills overlooking the Mediterranean resort.

1. Prince’s former Marbella mansion 1 - Prince’s former Marbella mansion on sale for €5.25 million
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Published on Leave a comment on Contemporary Dwelling in Marbella by Yeregui Arquitectos

Contemporary style villa located in Marbella (Málaga) by Yeregui Arquitectos.

1. Villa in Marbella by Yeregui Arquitectos - Contemporary Dwelling in Marbella by Yeregui Arquitectos
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Published on Leave a comment on Holidays in Spain? Don’t miss this great house located in Marbella

1350 €/week, up to 8 people, 4 bedrooms, 2 bathrooms, Built area 210 sqm, pets allowed, Swimming-pool, In Urban Area, close to the beach, Marbella (Málaga)

1. Holiday rental villa in Marbella Málaga - Holidays in Spain? Don't miss this great house located in Marbella
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Published on Leave a comment on Luxury property sector in Marbella attracts 100 million euros

Marbella continues to attract international property investment. The investment fund Resolution Property has returned to the town after ten years’ absence to invest in luxury properties in the resort.

Marbella 1 300x199 - Luxury property sector in Marbella attracts 100 million eurosThe fund also plans to source investment opportunities in sectors such as services, retail, hotel and holiday rentals. The fund’s assets will be managed by Rhone Property, an investment fund management company with a track record of experience in Marbella.

Two companies make up the capital behind the fund: the British Resolution Property and the Swiss Be Capital. Each brings 50 per cent of the total capital to the fund and will carry out the investment via Investis Properties.

This company already owns an extensive portfolio of assets in Marbella and these have a value in excess of 50 million euros. The volume of investment will allow the company to become a REIT (real estate investment trust - SOCIMIin Spanish) and therefore place Marbella on the alternative stock market in Spain.
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Published on Leave a comment on Marbella is to get a new luxury hotel complex on the beach

Marbella is to get a new luxury hotel complex right on the beach.

Marbella 3 300x128 - Marbella is to get a new luxury hotel complex on the beachThe Platinum Estates group, an investment fund based in Hong Kong, has just acquired 170,000 square metres of land on the coastal strip of Las Chapas which is situated right next to an area of sand dunes which is one of the most important natural spaces in the town.

The land purchase, which includes 600 metres of beach frontage, cost 50 millon euros and the investment fund has budgeted a further 150 million euros into the hotel project.
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Published on Leave a comment on Court rulings in Spain create more uncertainty over illegal homes

Three rulings by Spain's Supreme Court have left the owners of more than 16,500 homes built in Marbella since 1986 in legal limbo by declaring planning regulations void.
Puerto Banús Marbella1 300x225 - Court rulings in Spain create more uncertainty over illegal homesIn a series of decisions, the country's highest court has declared null and void Marbella's urban planning regulations that were passed in 2010 and which legalised thousands of homes constructed since the previous town plans, dating back to 1986, were approved.

In response to appeals against previous Supreme Court of Andalusia rulings, the rulings all arrived at the same conclusions, namely that the Town Council does not have power to retroactively declare legal properties that have been built illegally as that rests with the courts, nor to alter land classifications, nor legal liabilities.
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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 The surge of interest in land purchasing and development projects

For the first time in years, the Costa del Sol is beginning to see a new wave of development projects. The renewed confidence that investors have in Marbella’s property market is becoming apparent. Not only can it be seen in the appearance of cranes and billboard adverts overhead, but in the growing demand for land, particularly good plots in the best locations with the best views. This is becoming the Costa’s new luxury product.

Marbella copia - The surge of interest in land purchasing and development projects
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