Buying in Spain Is Now A Safer Option

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La Manga del Mar Menor Sports, Sports And More Sports
La Manga del Mar Menor is a resort town in Southeastern Spain. The name translates to “the sleeve of the minor sea.” La Manga has many hotels, clubs and restaurants to offer the visitor. This resort town is located near Murcia and is not the same place as the La Manga Club Resort. The area is known primarily for its love of futbol, which is soccer in America, and hosts many related clubs from around the world during the winter months. La Manga is the strip of land that separates the Mediterran

Javea Real Estate: Villas, Apartments & Resorts
by Russell M. Hughes Among the most practical investments available to us, real estate takes a very high place. Investing in the right location at the right time always brings you a good profit, because of the gradual appreciation and demand for it. Most people first consider investing in domestic property, with good reason, because they prefer something close to home. But, in many cases, investing in real estate overseas is a more lucrative option, though it might seem rather unconventional.

Investing In Javea Villas
Investing In Javea Villas by Stewart M. Russell If you are thinking of buying a genuine Spanish villa, the best place in lovely Spain is Javea. While Spain promotes prime property in many locations, knowing the exact location for the best property deals will let you save both money and time. The Costa Blanca region is known to have some of the best Spanish beaches and the constant sunshine is also a contributing factor for Javea’s boom as a prime property location. Javea is especially renowned

Tostadas And Chat
Ended up down in the port today, just at coffee and ´tostada time´for me. This was interesting following my previous post ¨Tostadas - Jury’s Out”. It was just after 1pm and therefore too late for a tostada at the Milenio, so we headed for La Plaza. I ordered a tomato, tuna and cheese one and, having read my previous post, Heather asked me if I would like oregano with it! AND said that she is going to start ordering in some integral ones. I even got some home-made herb and garlic oil to dri

To Clean Or Not To Clean
Ok I don’t mean literally whether to live in a mess or do some cleaning. My question really is how much to do oneself on the basis that most of we girls find cleaning and housework generally about as boring as any man would if they got around to doing much of it. Of course there are women who actually enjoy this dubious task and good luck to them, and there are those who end up doing extra as a job, the latter being integral to my question. When I was working full time in the UK (ok a long tim

Oliver and Hickey’s Holiday
As I am sure you are aware we have had my niece (Laura) and her friend (Hickey) staying with us last week. It was interesting for Chris and I as we are sin children, so having two 19 year olds under the roof was different - I think Chris is relieved to get his bathroom back and some peace and quiet!! I don’t see Laura that often so it was good to have time with her, although to be fair we didn’t see that much of them as it was their holiday and they wanted to be out and about on their own.

Stretching 300 kilometres from Nerja to Gibraltar, Andalucias sunshine coast has been floating the boat of thousands of property investors for some five decades.

Shielded by the mountains of the Sierra Bermeja, the climate is possibly the most enviable in the whole of Spain, providing near-perfect weather all year round; but there’s plenty more to buying a property on the Costa del Sol than endless days of rays. There’s a plethora of recreational activities, including over 60 golf courses, numerous water sports, tennis, horse riding and even polo. Plus there’s an abundance of medical centres and international schools where expat children can sit their GCSEs and A-levels. All vital factors for Britons considering buying property on the Costa del Sol.

Socially, as well, the area is alive with opportunities, from the nightclubs of Benalmadena, to the restaurants of Nueva Andalucia. And if the glitz of Marbella and Puerto Banus prove too much, cultural refrains can be found in Granada, Seville and Cordoba all just a short drive away.

So with such a surplus of attractions, where have the majority of people been buying property on the Costa del Sol? Well, Puerto Banus is the most desired location, being on the prestigious international circuit for wealthy jet-setters. Who wouldn’t want a Puerto Banus post code? Buying a property at Nueva Andalucia is also favoured by both the permanent buyer and Puerto Banus aficionados who don’t want to be right in the thick of it but sufficiently close. It’s also a preferred choice for golfers, with a huge valley that harbours no less than six courses.

Buying a property in Marbella remains popular for those looking for an authentic Spain - picture horse-drawn carriages and cobbled plazas shaded by orange trees. Elviria, 15 minutes east of Marbella is a quiet coastal community with fabulous beaches, plenty of golfing property options and easy access to the picture-postcard port of Cabopino.

Buying a property on Mijas Costa also appeals to families and golfers due to its proximity to the airport, abundance of shops, bars and restaurants and its appealing Blue Flag beach. Sotogrande offers the jet-set charm of Puerto Banus but in a more hushed manner. When it’s not hosting prestige sporting events like the Volvo Masters at Valderrama golf club, Sotogrande really is a calm and quiet neighbourhood ideal for families.

A developing expanse between San Pedro and Estepona is also commanding the attention of astute property investors according to Julian Merck, managing director of Merck Estates: The New Golden Mile offers potential buyers and investors some of the most luxurious property developments in one of the last stretches of beachfront coastline.

Much has been written about the state of the Spanish property market recently, and how it is affecting the Costa del Sol in particular. Merck admits that there has been a wobble, but believes it was inevitable. Yes there has been a price wobble, but more of a simple correction, particularly with buying property on the Costa del Sol. This should not scare potential buyers. If we look at the past ten years, specifically between 1998 and early 2004, thousands of property investors were only looking for short-term gain and were purchasing standard two-bedroom apartments off-plan left, right and centre, thus over-inflating the market and hyping up prices. (Similar to what can be seen happening in Bulgaria and Morocco now.) At that time, capital growth was 19 per cent per annum and any market, Spain or otherwise, cannot sustain such velocity.

Christopher Clover, managing director of Panorama Properties, agrees: Most speculators stopped investing in coastal developments when buying off-plan property on the Costa del Sol ground to a halt in 2004, when prices of land and construction reached unacceptable levels, thus preventing buyers from selling on their speculative purchases.

The consequent oversupply on the coast of new two- and three-bedroom apartments and townhouses has resulted in a price drop in real terms of maybe 15 per cent or more for these types of property in the last three to four years. It is indeed a buyers’ market for this category of property in some parts of Marbella and surrounding areas, and there are some real bargains now appearing at price levels that may not repeat themselves in future years.

Although certain types of properties on the Costa del Sol may be experiencing a dip in true value, expected capital growth when buying property on the Costa del Sol, on the whole, is a conservative nine to ten per cent per annum in desirable urbanisations, according to Merck. He also reckons that a rental potential of between eight and 16 weeks is the norm, though the actual returns are entirely dependent on factors such as location, number of bedrooms, type of property, orientation and furnishings.

Whether this capital growth will continue is anybody’s guess. But the vast majority of those in the know are optimistic, particularly because of the many changes happening in Marbella and the Costa del Sol, most implemented by the city’s new mayoress, Angeles Munoz. Her new General Plan aims to help protect Marbella from future overbuilding, which will enable estate agents to focus more on the resale property market. Additionally, Malaga’s new airport terminal and runway, well under construction, will almost double the airport’s capacity to 20 million passengers a year. The new planned coastal railroad linking Nerja, to the east, and Estepona, in the west, will also become a reality in the next few years. And a new AVE fast train from Madrid to Malaga will reduce travel time between the two cities to just two and a half hours - opening a comfortable alternative mode of travel to the province.

So what does all this mean for buying property on the Costa del Sol? In the next two years, I see vendors finally realising what true market value is, says Merck. I also predict the end-user market will continue to grow with increasing relocation buyers.

Clover is equally optimistic, particularly for Marbella’s future: With the closing of the Gil era, and the arrival of Angeles Munoz, we are in the process of witnessing the rebirth of Marbella and exciting times lie ahead for the city and its people. Marbella is now reaching out to realise its true pote

Tags: costadel sol, property, andalucia

Oliver and Hickey’s Holiday
As I am sure you are aware we have had my niece (Laura) and her friend (Hickey) staying with us last week. It was interesting for Chris and I as we are sin children, so having two 19 year olds under the roof was different - I think Chris is relieved to get his bathroom back and some peace and quiet!! I don’t see Laura that often so it was good to have time with her, although to be fair we didn’t see that much of them as it was their holiday and they wanted to be out and about on their own.

Great info on buying spanish property.Avoids the dangers
This article on buying buying villa and apartment properties in spain has an informational ebook with many suggestiosn on how to buy properly. Written with advice from a lawyer who discusess good and bad estate agents and good and bad lawyers.

Mallorca exclusive property for sale
Mallorca, the largest of the Balearic Islands, lies in the Mediterranean Sea off the south east coast of mainland Spain. This, therefore, guarantees that Mallorca properties are greatly sought after. Son Sant Joan, which is the main tourist airport, is a large modern facility, and is located in the south of the island just outside the capital Palma. The first recognizable landmark on the final approach before landing will be the magnificent 14th Century Gothic cathedral at nearby Palma, and th

Property Spain
More than 1000 buying properties in Spain.Coastal villas,houses.apartments… Find your dream spanish home

La Manga del Mar Menor Sports, Sports And More Sports
La Manga del Mar Menor is a resort town in Southeastern Spain. The name translates to “the sleeve of the minor sea.” La Manga has many hotels, clubs and restaurants to offer the visitor. This resort town is located near Murcia and is not the same place as the La Manga Club Resort. The area is known primarily for its love of futbol, which is soccer in America, and hosts many related clubs from around the world during the winter months. La Manga is the strip of land that separates the Mediterran

Buying in Spain Is Now A Safer Option

The Last Day of Virgen del Carmen Celebrations
Tonight is the end of the week of celebrations for Virgen del Carmen. This is a great evening and well worth being out and about for as the port is usually buzzing, and I love taking part in the Spanish traditions. We have actually missed it a lot of years as we were traveling over the summers, and the first year we missed the procession because we didn’t have our timings right and were still enjoying a glass of wine in some friends’ apartment. The next year we watched it by accident as we

To Clean Or Not To Clean
Ok I don’t mean literally whether to live in a mess or do some cleaning. My question really is how much to do oneself on the basis that most of we girls find cleaning and housework generally about as boring as any man would if they got around to doing much of it. Of course there are women who actually enjoy this dubious task and good luck to them, and there are those who end up doing extra as a job, the latter being integral to my question. When I was working full time in the UK (ok a long tim

Tostadas And Chat
Ended up down in the port today, just at coffee and ´tostada time´for me. This was interesting following my previous post ¨Tostadas - Jury’s Out”. It was just after 1pm and therefore too late for a tostada at the Milenio, so we headed for La Plaza. I ordered a tomato, tuna and cheese one and, having read my previous post, Heather asked me if I would like oregano with it! AND said that she is going to start ordering in some integral ones. I even got some home-made herb and garlic oil to dri

SpainDirect4U Expand their Costa Blanca Portfolio
(PRWEB) April 22, 2007 — SpainDirect4U have launched the addition of two new developments, located around Guardamar and Elda, to their substantial Spanish property portfolio. SpainDirect4U…

Mallorca exclusive property for sale
Mallorca, the largest of the Balearic Islands, lies in the Mediterranean Sea off the south east coast of mainland Spain. This, therefore, guarantees that Mallorca properties are greatly sought after. Son Sant Joan, which is the main tourist airport, is a large modern facility, and is located in the south of the island just outside the capital Palma. The first recognizable landmark on the final approach before landing will be the magnificent 14th Century Gothic cathedral at nearby Palma, and th

SpainDirect4U Expand their Costa Blanca Portfolio
(PRWEB) April 22, 2007 — SpainDirect4U have launched the addition of two new developments, located around Guardamar and Elda, to their substantial Spanish property portfolio. SpainDirect4U…

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