Andalucia gets ambitious at FITUR

fitur

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Banks under pressure to finish building Costa del Sol properties

The governments most recent financial reform is forcing banks to dig themselves out of a hole that they helped to make in the first place.

Mortgage default and repossessions mean that now financial institutions are the owners of around half of the 6,792 unsold new properties on the Costa del Sol (according to a recent repost by Aguirre Newman). Now following Spain’s most recent financial sector reform this stock of real estate assets and loans granted to developers are costing the banks more and more in the form of provisions. As a result they are doubling their efforts to sell, which in many cases implies first finishing off the construction work where indebted developers left off.
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What the new government should do for the Costa del Sol

The below article was written prior to the elections last Sunday, but is still of interest as it looks at many of the urban projects that are still pending and will be beneficial to the Costa del Sol property.

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Foreign accents on the Costa del Sol

The population of Malaga province is continuing to increase; however, this growth is mainly due to the presence of foreigners and it must also be said that the increase during the past year has been minimal and the population has grown by only 13,254 inhabitants. The economic crisis has led to a change in migration and the number of foreign residents in Spain has dropped by approximately 100,000.
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Bank Guarantee

I thought it would be worth writing an article on bank guarantees (aval bancaria) as many people bought off-plan properties during the recent boom in construction here in Spain. So first of all, what is it?
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Arriba Estates expansion

Due to a growing demand for businesses in Spain, Arriba Estates is now unveiling its fast growing commercial department Spanish Bars.

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Costa del Sol holiday club scam

Yes I’m referring to time share. But before I continue, please note not all time share related companies are scammers; there are a few that do live up to their offers.
The reason for this article is due to the fact that a lot of the Holiday Club scammer operate in Spain, and quite a few can be found on the Costa del Sol.

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Benalmadena townhouse for sale Ref.: MLSTH507799

Just been to see a surprisingly attractive 2 bedroom, 2 bathroom bungalow in Arroyo de la Miel, Benalmádena. Located in an urbanisation this home has the benefit of being both private but still part of a small community. With easy access to motorway you are just minutes from all the surrounding towns and the airport. With a large 90sm terrace and garden there are plenty of opportunities to enjoy the outdoor lifestyle so many people crave when they move to the Costa del Sol. The urbanisation itself has a community pool and gardens. The kitchen and bathrooms have also been recently reformed. Price 229.000 Euros. See below for more details.

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Benalmadena Costa del Sol

Benalmádena is a town and municipality in the province of Malaga, on the Costa del Sol. Benalmádena is located between Torremolinos and Fuengirola and has around 55.000 residents, although this dramatically increasing during the holiday seasons as it is one of the most popular destinations on the Costa del Sol for Northern Europeans.

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Wow Factor

An X-Factor inspired competition comes to the Costa del Sol, or more specifically ‘Moonlight Bar’ at the Sunset Beach Club Hotel, Benalmádena on the 20th of September and a week later on the 27th of September at the Atalaya Park Hotel in Marbella. This talent contest is being held to raise much-needed funds for the running costs of Costa cancer care NGO Cudeca.

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Costa del Sol cost saving measures

It appears that is these difficult times, many town halls all here on the Costa del Sol are a range of incentives and discount to help motivate us to pay our taxes, etc… This information is based on an article from the Sur in English from the 10th of October. I would recommend using the following information as a guide, contact you town hall directly and find out what other schemes are in place that by be a benefit.

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Benalmadena apartment for sale Ref.: MLSA507761

Pretty 2 bedroom, 2 bathroom apartment located in a attractive urbanisation in Benalmadena on the Costa del Sol. The property measures 60m2 and an additional 32m2 of terrace offering panoramic views of the surroundings. There are community gardens as well as a large pool and a children’s pool. Best priced property in the surrounding area! Price 199.000 Euros. Please see below for further details.

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International Xanit Hospital

Recently I became a patient at the International Xanit Hospital in Benalmadena on the Costa del Sol. It was a simple operation (removal of a kidney stone) which went perfectly. Anyway the reason for writing this quick article is simply due to the fact that I wanted to find out contact details for the hospital on Google and little of the information was in English. So hopefully some of this information will be of help. I found it to be an excellent hospital with friendly, professional staff (pretty nurses too). And for many non-Spanish speakers, a majority of the staff were bi-lingual.

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