At least according to an article on OPP. Leading up to May, Rightmove (leading British property portal) claims that of the 10 searches that have increased the most 50% were for Spanish property locations. Key interest was in Minorca up 9.06%, Marbella up 6.68%, Galicia up 5.96%, Northern Spain up 5.22%, and the Balearic Islands up +3.65%.
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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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At long last there may be light at the end of the tunnel for Marbella. The long anticipated Marbella PGOU (urban plan) might finally be approved in October. The latest version for Marbella plan, unlike previously announced by the Marbella town hall, was been approved without including illegal properties. It appears that the mayor, Ángeles Muñoz, decided on this course of action after the Junta de Andalucia confirmed that they would no accept any of the proposed modifications to include all existing illegal properties in Marbella within the new plan.
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I originally intended for this blog to be about lifestyle on the Costa del Sol, but as I’m sure a few of you might have noticed I have started to concentrate more and more on property related news. Given this, I’ve decided to change the name of the blog from Costa del Sol lifestyle to… can you guess???
RESALE TRANSACTION. PURCHASE PROCESS
These are the three main stages of the purchase process in Spain:
1- Reservation agreement. Once that you have decided to buy a specific property in Spain, it is important to reserve it in your name, this way you will take it off the market and also freeze the price. The amount normally required is 6.000€, which will be deducted from the final payment.
