I recently had a discussion with a buyer who after reading from a variety of sources, which I am happy to say included my blog, thought that property prices along the Costa del Sol would be vastly lower than the reality due to the 1 million unsold newly built properties. Unfortunately all this talk of huge number of unsold properties has hidden certain important realities that few seem to be talking about.
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Unsold Spanish property paradox
February 3, 2010 · 1 Comment
→ 1 CommentCategories: Costa del Sol property
Tagged: Costa del Sol, Costa del Sol blog, demand, new build, property for sale, spain, spanish property, supply, unsold property
Fighting Developers on the Costa del Sol
February 2, 2010 · Leave a Comment
I just found this article on the Olive Press (link at bottom of article), that just shows that developers can be fought and the courts do not automatically side with them, a common misconception. If your case is strong enough you can win. Anyway without further ado here is the article.
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Tagged: Costa del Sol, courts, developer, green zone, libel, Malaga, ronda
Upward and onwards Marbella
February 1, 2010 · Leave a Comment
For good news, the new PGOU Urban Plan for Marbella was approved on Friday the 29th of January 2010 by COTUA, the Andalucía Territorial Planning Commission. A vast majority of the properties that had previously been left out of the local town plan have not been fully legalised and many owners after years of stress and worry can now breath a sigh of relieve. Congratulations to the owners of the staggering 18,000 properties that have been affected by this whole mess.
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Tagged: illegal build, junta de andalucia, Marbella, marbella property, Marbella property for sale, Marbella town plan, Marbella urban plan
The last TINSA report of 2009
January 22, 2010 · Leave a Comment
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Tagged: Costa del Sol, property blog, property valuation, spanish property, tinsa
MEP presses Zapatero on demolition of coastal houses in Spain
January 21, 2010 · 1 Comment
UKIP MEP Marta Andreasen today held Spanish President Jose Luis Zapatero to account over the scandal of British citizens who found their Spanish holiday homes demolished because of alleged breaches of planning law.
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→ 1 CommentCategories: Costa del Sol property
Tagged: Costa del Sol, demolition, ex-pat, holiday home, property, spain
Ryanair creates a new base on the Costa del Sol
December 21, 2009 · 1 Comment
Flipping through the local newspapers that other day I came upon a small article that just shows that even in a downturn, some businesses are still expanding and benefiting the local economy. In this case it is Ryanairs new base at the Malaga airport.
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Tagged: airport, blog, Costa del Sol, Costa del Sol blog, international flight, Malaga
Arriba Estates on Facebook
December 16, 2009 · Leave a Comment
In an effort to make our articles more accessible to the public Arriba Estates has set up a facebook page where the latest articles will be Publisher as well as any property of interest. If you are already on facebook, all you have to do is go to Arriba Facebook and become a ‘fan’.
Regards
Andrew Belles
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Tagged: blog, networking, news
Andalucia property market
December 16, 2009 · Leave a Comment
After recently posting an article on the level of property transfers in October I thought I would do a bit a research to get a clearer idea of how Andalucía and hopefully the Costa del Sol has faired as general national information is only useful up to an extent.
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Tagged: andalucia property, Costa del Sol, southern spain
Spanish property market relapse in October
December 16, 2009 · 1 Comment
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Tagged: property market, property spain, real estate spain, spanish property
Costa del Sol property shows improvement
December 10, 2009 · Leave a Comment
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Tagged: Costa del Sol, property blog, property valuation, spanish property, tinsa
The Spanish property market adjustment – where are we?
December 5, 2009 · Leave a Comment
Recently there was a good article by José García Montalvo in the Spanish daily El Pais, discussing the present state of the Spanish property market, and asking what will determine the scale of the adjustment underway. Here is a summary of the article by García, a professor and real estate expert at Barcelona’s Pompeu Fabra University.
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Tagged: andalucia, Costa del Sol, Costa del Sol blog, Costa del Sol Real Estate, Fuengirola, property for sale, real estate spain, spanish property
Vendors who sold between ‘97 & ‘06 can claim
December 2, 2009 · 2 Comments
I have just read an interesting article by ELS (legal firm based in Fuengirola) discussing how the changes in Spain’s capital gains tax law might allow EU vendors to reclaim part of the 35% they (unjustly) paid to the Spanish government. I wrote about this tax rebate, earlier in the year, but ELS have written a far more detailed and explanatory explanation.
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→ 2 CommentsCategories: Costa del Sol News · Costa del Sol property
Tagged: capital gains, CGT, Costa del Sol, non-resident, property for sale, property spain, spanish tax law, tax rebate
Expansion in Costa del Sol property collaborations
November 30, 2009 · Leave a Comment
In a further endeavour to offer potential buyers a wider selection of properties for sale on the Costa del Sol, we at Arriba Estates have expanded our network of collaborating agents throughout the Costa del Sol.
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Tagged: arriba estates, collaboration, Costa del Sol, property network, property news
Spanish property recovery is underway and prices will start to rise by 10pc per year says expert
November 24, 2009 · Leave a Comment
I recently read an interesting interview with Mikel Echavarren, head of Irea, a Spanish real estate consultancy, talking about the state of the real estate sector in Spain. As an experienced professional in touch with many different companies in the sector it is worth listening to what he has to say. Here is a selection of comments from his Q&A with Idealista News, the news section of the property portal Idealista
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Tagged: Costa del Sol, news, property news, property prices, property spain, spanish property
Recovery in the sale of new build property
November 21, 2009 · Leave a Comment
According to Pedro Pérez, the general secretary of the G-14 (association of Spanish developers) the sale of newly built property has started a mild recovery, and this position will be consolidated in the coming months. Backing this up, the latest INE (Spain statistics institute) statistics showed an increase of 7.6% in inter-monthly sales, with over 20,000 sales in September.
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Tagged: bank, Costa del Sol, Costa del Sol Real Estate, developer, new build, property for sale, property news, real estate spain, spain
Spain is not Florida (part 2)
November 17, 2009 · 1 Comment
Sometimes the comment facilities provided by blogs work wonders. We’ll first deal with a few objections raised about the methodology, data or conclusions of the previous post. Then we’ll get to the crux of the matter – how these cost-of-carry figures change, or fail to, as seen by banks in the event of bank repossession in Spain and the United States.
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Tagged: cost of carry, Costa del Sol, Costa del Sol blog, florida, PPP, property, spain
Why Spain is not Florida
November 17, 2009 · 2 Comments
We publish this piece knowing full well how incredibly stupid one looks when his off-centre analysis proves erroneous, and how unscathed totally faulty predictions come out of the fracas as long as they are accompanied by many others of their ilk. We don’t care.
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→ 2 CommentsCategories: Costa del Sol property
Tagged: cost of carry, Costa del Sol, florida, PPP, property spain, spain, spanish property
Costa del Sol property valuations
November 17, 2009 · 1 Comment
By Tinsa for October are continuing to show a positive trend with year-on-year prices for Spains mediterrenean coast down just 9.9%, the best result since November 2008.
The last positive increase by TINSA was in January 2008 with average valuations along Spain Mediterreanean coast as 2537€/m2. They now stand at 2082€/m2 as of October. That means to date there has been a 17.93% decrease from its height.
As always, please note these figure refer to valuations and not actual sales prices and that these figure refer to the entire mediterranean coast and not specifically for the Costa del Sol.
Regards
Andrew Belles
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Tagged: Costa del Sol, property blog, property valuation, spanish property, tinsa
Fuengirola and solar panels
November 13, 2009 · Leave a Comment
It was recently announced by the town hall in Fuengirola that work would start on the installation of Solar panels on all public buildings in Fuengirola. From what has been reported this work is to start this November and on completion will generate, in real time and with immediate effect, the equivalent of the power used by 304 households in a year.
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Tagged: environmental, Fuengirola, fuengirola town hall, solar panel, solar power, town hall
Andalucía Technology Park expanding to Marbella
November 7, 2009 · Leave a Comment
With the success of the Andalucía Technology Park (Parque Tecnologico de Andalucía) in Malaga, the Junta de Andalucía has declared the establishment of a new Technology Park Marbella.
The head of Innovation, Science and Business for the Junta has said that the new site will cover 197 hectares on land that is currently made up of 300 privately owned estates and is designated as an “area of opportunity” for the Costa del Sol in the POT plan. The idea would be to reach a public-private agreement with the participation of Marbella Town Hall and the landowners along with the regional authority for the development of the project.
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Tagged: expansion, jobs, Marbella, marbella property, PTO, real estate, technology
