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Marbella’s property market is showing great signs of recovery

SpainHouses.netApril 28, 2014April 28, 2014Leave a comment

Statistics churned out by the real estate sector continue to bring positive news for Marbella. At a time when the price of holiday homes continues to fall all over Spain, the Costa del Sol town is recovering its upward trend, showing the greatest increase in property values on the holiday home market.

These, at least, were the findings of a survey carried out by the valuation firm Tinsa, which places Marbella third in Spain in terms of holiday home prices (per square metre), a list that is topped by Sitges in Cataluña.

The report, published earlier this month, is based on the results from the first quarter of this year. In one year holiday homes in Marbella have increased in price by 4.8 per cent while in other towns on the Costa del Sol and the rest of the Mediterranean coast prices continue to fall. The study has taken into account the year-on-year result from the first quarter of last year.
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Property sales increased more in Marbella last year than anywhere else in Spain

SpainHouses.netMarch 18, 2014Leave a comment

The property market in Marbella is recovering and the town is now showing signs of being a leader in this sector. This emblematic town on the Costa del Sol ended last year with a total of 3,115 property sales , a figure which is similar to that of 2007, before the bubble burst. In terms of total figures, Marbella is now in a similar position to Malaga city, where the recovery in the property market has failed to take off and the number of sales has fallen for three consecutive years.

The results for property transactions last year, which have just been released by the Ministry of Development, reveal that Marbella is the Spanish town in which the number of sales has increased the most, by 23.6 per cent.

The Ministry’s statistics include all provincial capitals and towns with more than 100,000 inhabitants. Marbella has ranked higher than Parla (17.2%), Móstoles (12.7%), Guadalajara (12.5 %), Ceuta (10.3%) and Madrid (9.3 %).

In total, in the whole of Spain there were 300,349 property transactions last year, which is a drop of 17.4 per cent compared with 2012.
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Modern and Luxury Chalet for Sale in Marbella, Malaga

SpainHouses.netJanuary 17, 2014Leave a comment

2 bedrooms, 2 bathrooms, Swimming-pool, Marbella (Malaga)

Luxurious 2-bedroom townhouse featuring innovative and modern design. Located in the upmarket area of Sierra Blanca, the home features modern conveniences such as intelligent house system, underfloor heating, private lift and swimming pool. Facilities in the development include two communal pools, gym, sauna, Turkish baths, indoor pool, 24-hour security and verdant landscaped gardens. A unique opportunity to live in one of the most sought-after addresses in Marbella.

The price is 850,000 €.

Click on the following link in order to view more information about this property: spainhouses.net

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The debate is over: no skyscrapers in Marbella (Málaga) 2

SpainHouses.netJanuary 13, 2014January 13, 20142 Comments

Ángeles Muñoz, Mayor of Marbella, has announced that the controversial plans to build skyscrapers in the town will not go ahead, and the debate about them is over. She did not say whether the modification of the town plan which was recently approved as a first step towards building the tower blocks would be debated again by the council with a view to annulling it.

Backtracking on her previous statement to the effect that no decision would be made until a public board had been convened and consulted, and in the face of strong opposition, the mayor said that it would not be necessary to wait for January and the advice of the yet-to-be-created board, because the decision had been taken.

In the mayor’s opinion, this means an end to the debate about the project for skyscrapers. Asked about the creation in Marbella of a citizen platform made up of promoters, architects and ecologists who are opposed to the project, she said:

“Anybody can form a group and debate. If a platform is set up we will be delighted to hear its opinions, but on the part of the local government I am telling you there is no intention to go ahead,” (in reference to the skyscrapers).
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There Will Be No Skyscrapers in Marbella Without Consensus

SpainHouses.netDecember 30, 2013December 26, 2013Leave a comment

The town planning debate which has raged recently over plans for a 30 storey residential block took a new turn when Mayor Ángeles Muñoz announced that they will only go ahead if there is a general consensus - which at the moment is not looking likely.

The final decision will not be taken by the council, but by a board, the ‘Consejo Social de la Ciudad’ with members drawn from local and social organisations, professional bodies and other groups. This board, which is an entity which can be set up in large towns, does not yet exist in Marbella but will be constituted in January.

The mayor emphasized that legally, it is the Town Hall’s prerogative to take the decision, but it will abide by the recommendation of the board.

The modification to the Urban Plan to allow tower blocks to be built in five areas of the municipality of Marbella, at up to 150 metres above sea level received initial approval at the last council meeting.
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The Construction of a Skyscraper in Marbella, Malaga (Costa del Sol)

SpainHouses.netDecember 16, 2013Leave a comment

Since Marbella Town Hall approved modifications to local planning restrictions to allow the construction of skyscrapers in the municipality, so far only one project has been put forward. The plans envisage a 30-storey residential block reaching 115 metres above sea level on the Istán road. The high rise block would be designed by Catalán architect Ricardo Bofill, thanks to negotiations with the developers that are in their final stages.

While several investment groups from Spain and further afield have shown an interest, this is the only definite project that has reached the local planning offices.

The site for the block would be near the Istán road, just over a kilometre from the coast, and not far from the Olivia Valere night club, Les Roches hotel management school and Manolo Santana’s tennis club. The project is for a solely residential building with a maximum of four luxury flats per floor.
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Construction Industry Shows Signs of Recovery in Malaga Province

SpainHouses.netDecember 10, 2013Leave a comment

The construction industry is beginning to show signs of life again, thanks to the high-end property sector, which so far this year has experienced a growth which is even greater than that achieved in 2012.

According to figures from the DOM3 association, which encompasses 23 companies related to the construction of this type of property, 60 houses costing more than one million euros were built in 2011 in the triangle formed by Marbella, Estepona and Benahavís, with a global investment of 250 million euros, while 2012 ended with 75 houses built and 300 million euros invested. That was a 20 per cent increase in the number of properties, but this year, growth in this sector is even higher.

The president of the association, Sofía Polo, attributes this growth above all to flourishing foreign markets and greater confidence in the Spanish economy from those who are considering investing in this country. Another factor that permits this sector to perform better lies in the easy access to credit for this segment of the market and the fact that a high percentage of buyers do not need bank financing.
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Marbella doubles the number of licences granted for new housing projects

SpainHouses.netSeptember 9, 2013September 8, 2013Leave a comment

The construction sector in Spain in general may still appear to be in a coma, but in Marbella there are further signs of activity in the property market. At least, that appears to be the case according to information from the Town Planning Department, where the number of new building licences granted in the first six months of this year was double that in the same period in 2012. Until June, 123 licences were issued, whereas last year the figure was 64.

The councillor for Town Planning, Pablo Moro, is convinced that this data reflects the fact that the construction sector in the town is beginning to reactivate. “This shows that there is more activity in terms of new building in Marbella and the town continues to be a focus of attention for many investors who now have confidence in it again”, he says.

Although the figures are light years away from those registered before the bursting of the property bubble, the rhythm of growth in applications for new projects does invite optimism and, for some people, it is beginning to dispel doubts about whether the town would, after all, be one of the first in Andalucía to show signs of economic recovery.
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Luxurious Villa for Sale in Marbella (Málaga) 2

SpainHouses.netAugust 9, 2013August 8, 20132 Comments

6 bedrooms, 6 bathrooms, Area Lot 1,112m2, Built area 545m2, Seaside Resort, Brand New, Luxury property, In Urban Area, On golf course, Marbella (Málaga)

Villa Los Naranjos is an amazing new villa situated in a Golf Resort. With a plot of 1112m2 and a house of 545 m2, the property has a 100 m2 terrace and if offers great views to the sea and the mountains.

The Villa is a built with 6 bedrooms and 6 bathrooms. You can also see a full equipped kitchen, garage and radiant floor, sauna and Jacuzzi.

To contact the real estate agency, click on the following link: spainhouses.net

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Marbella’s summer rental prices remain unchanged 1

SpainHouses.netJuly 8, 2013July 7, 20131 Comment

This summer the cost of holiday rentals in Marbella has remained the same as last year, in the luxury sector as well as for standard properties. The town has not been affected by the fierce price war which has affected other tourist areas of the province, where the cost of holiday rentals has dropped by up to 20 per cent compared with the summer of 2012.

Estate agents in the Marbella area confirm that prices have remained at the same level, although they point out that the demand differs according to the target market. The most fortunate property owners are those who attract clients from Eastern Europe. Travellers who come from Russia, Ukraine, Kazakhstan and other countries from the former Soviet Union are the most popular this year because they rent the most attractive properties. In fact, they are able to pay an average of between 3,000 and 5,000 euros per week for a villa.

Spanish clients, on the other hand, are very cautious about the price they pay for a holiday rental. The average price a Spanish family is willing to pay, normally for a fortnight, is about 2,000 euros. This is a similar figure to that of last year.
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