Property Supplement CDS 28 March – 3 April 2024 Issue 2021

SPECIAL THE

Currency transfers you can trust

The rise of the Costa del Sol

THE rise of the Costa del Sol as a playground for the rich and famous can be attributed to a combination of factors spanning natural beauty, strategic marketing, and socio-political circumstances. Situated along the southern coast of Spain, its transformation from a sleepy fishing region to a glamorous destination began in the mid-20th century.

One pivotal aspect of the Costa del Sol’s allure is its stunning Mediterranean coastline, boasting miles of golden sandy beaches, crystalline waters, and a balmy climate characterised by mild winters and long, sun-drenched summers. This natural bounty provided an ideal backdrop for leisure and relaxation, attracting affluent visitors seeking an

escape from the pressures of urban life.

Furthermore, the development of luxury resorts and exclusive enclaves, spearheaded by visionaries like Prince Alfonso of HohenloheLangenburg with the establishment of the iconic Marbella Club Hotel in 1954, played a crucial role in elevating the region’s status. These opulent retreats offered world-class amenities, impeccable service, and a sense of exclusivity that appealed to the elite.

The Costa del Sol’s popularity among the rich and famous was also fuelled by strategic marketing efforts, both domestically and internationally.

High-profile events such as film festivals, golf tournaments, and celebrity-studded parties

showcased the region’s glamour and attracted media attention, further enhancing its allure.

Additionally, favourable socio-political conditions, and tourism development, created an environment conducive to growth and investment. Economic stability, coupled with incentives for foreign investors, encouraged the construction of luxury residences, golf courses, marinas, and infrastructure, further solidifying the Costa del Sol’s reputation as a haven for the affluent.

Over time, word-of-mouth endorsements from celebrities, coupled with extensive media coverage and the rise of social media, cemented the Costa del Sol’s status as a premier destination for the rich and famous.

SINCE its establishment in 1981, Andalucia Development has borne witness to the vast changes and prosperity of Marbella and its surroundings. With over 35 years of experience in real estate on the Costa del Sol, you can rely on us to provide expert guidance. Our Scandinavian team is equipped with extensive experience in both the Spanish and international property markets.

At Andalucia Development, we understand that purchasing or building a property in a foreign country can pose unique challenges. That’s why we take pride in offering a comprehensive service that addresses all your concerns and needs. From the initial step to the final one, we are here to guide you through every aspect of the process.

Our wealth of experience enables us to handle any unforeseen issues related to real estate transactions. We work closely with lawyers, notaries,

Centro Comercial Plaza 63 | 29660

A Mediterranean village Experience Real Estate Excellence with Andalucia Development in Marbella

developers, and other professionals to ensure that our clients receive the right guidance and assistance at every stage of the journey.

At Andalucia Development, customer satisfaction is our number one priority. That’s why we offer a multilingual service to cater to a diverse range of international clients. Whether you prefer to communicate in Spanish, English, French, German, or any Scandinavian language, our team is here to assist you.

If you’re in the Marbella area, we invite you to visit us at our office in Centro Plaza, where we’ll be delighted to assist you in person and discuss your real estate needs and goals. At Andalucia Development, we are committed to making your dreams of owning property on the beautiful Costa del Sol a reality.

Nueva Andalucía | 952 816 250 | info@andadev.com | andadev.com

A Mediterranean village

MARBELLA Town Hall has launched ‘the Marbería plan’, which entails the construction in the western part of Nagüeles of public facilities, road infrastructure and 385 homes, 166 of which will be subsidised.

Councillor, José Eduardo Díaz, said that the project involves, “an area of almost 320,000 square metres, and will substantially improve connectivity and avoid saturation of the AP-7.”

The councillor added that, “it is a major project which includes around 71,000 metres of open areas which will be laid out as a riverside park; a total of 52,000 square metres of recreational spaces and around 2,300 square metres for commercial use”.

He explained that, “the project will follow a low-density residentialtourist development model that foresees the construction of 385 homes in the form of a Mediterranean village.”

A road will be built that will connect the urbanisations ‘La Capellanía’ and ‘San Francisco’ and the Camino de los Manchones, which will be redeveloped and extended to the south to connect it with Calle Sierra de Cazorla, creating a northern ring road in the Nagüeles area.

The project has been presented to the council’s planning committee and, once it is approved by the town hall, it will be submitted to a public exhibition.

Top Towns

‘LIVING on the Costa del Sol is for many an opportunity, a dream or a luxury

‘but there is no doubt that for everyone it is a privilege. But which are the best towns to live in?

Idealista, one of the real estate sector’s leading portals, has pinpointed the top three that it considers to be the best to live in the Costa del Sol. The three chosen are Fuengirola, Marbella and Benalmadena.

Idealista highlights Fuengirola for “its relaxed and cosmopolitan atmosphere”, they also point to “its

golden beaches and wide range of services”. The average price of property in the area is €3,232 per square metre (m2).

Life in Marbella is by far the most expensive of all. “Marbella, an elegant and radiant city on the Costa del Sol, offers an enviable lifestyle. Its beaches, rolling plains and streets retain vestiges of the Medieval Age, reflecting the diverse cultural influences it has experienced”, reports the portal,

GILMAR, Your trusted ESTATE AGENCY

Gilmar Costa del Sol | Gilmar Marbella | Gilmar Puerto Banus

GILMAR Real Estate has established itself as the undisputed leader in the Spanish real estate sector, a position carefully built over years of dedication, hard work, and an unquestionable commitment to excellence. With strategically located offices throughout the vibrant Costa del Sol, specifically in Malaga, Marbella, Puerto Banus, and Estepona-Sotogrande, Gilmar not only offers an unprecedented reach within the local market but also ensures a personalised service experience intimately linked to the richness and diversity of these areas.

At the heart of Gilmar Real Estate’s philosophy lies a trio of core values: transparency, professionalism, and trust. These are not mere adjectives adorning their corporate communication but principles that guide every interaction with their clients and define every aspect of their operation. Transparency is paramount in an industry where clarity and honesty are not only

appreciated but essential. Gilmar prides itself on providing clear, accurate, and up-to-date advice, ensuring that every client has all the necessary tools to make informed decisions.

Professionalism is another pillar that upholds Gilmar’s unparalleled reputation. In a market as competitive and complex as real estate, experience and knowledge are key to success. Every Gilmar agent is an expert in their field, with a deep understanding of the nuances of the local market and a dedication to staying abreast of the latest trends and regulations. This ensures that every recommendation, every valuation, and every negotiation is conducted with the utmost precision and competence.

Last but not least is trust. At Gilmar, they understand that buying or selling a property is one of the most significant moments in a person’s life. Therefore, they strive to build lasting relationships

highlighting the quality of life it offers but not forgetting the cost of buying a home at €4,510/m2.

On the other hand, Benalmadena, which is also another interesting option in the opinion of Idealista, is a municipality that, “combines the best of coastal life with a vibrant international community and an enviable climate; a wise choice for those looking for quality of life and fun”. As for the average price of buying a property, this stands at €3,017/m2.

based on trust and mutual respect. Gilmar doesn’t just aim to sell your house; they aim to find the best buyer for it. This means not only achieving the best possible price but also ensuring that the transaction is carried out in a manner that meets the desires and needs of all parties involved. Their extensive network and personalised approach enable them to effectively and efficiently connect sellers and buyers, creating perfect matches between properties and prospects.

In conclusion, Gilmar Real Estate is distinguished not only by its leadership in the Spanish real estate market but also by its unwavering commitment to values that inspire trust, guarantee professionalism, and promote transparency. With a dominant presence in the Costa

del Sol and a customer-centric approach, Gilmar stands as the preferred choice for those seeking not just a property but a home in Spain. We take pride in being your trusted partner on this journey, guiding you every step of the way with integrity, knowledge, and dedication.

Av. Ricardo Soriano 56, 29601, Marbella 952 861 341 málaga@gilmar.es marbella@gilmar.es

Photo: KFP

Sun, sea & tax savings

INVESTING in property on the Costa del Sol has become even more attractive in 2024, largely due to the region’s status as a favourable tax haven for expatriates.

Credit: Anna Ellis

A significant change is the abolition of wealth tax, which previously applied to both residents and non-residents with global assets exceeding €700,000.

This removal of wealth tax barriers has particularly encouraged high earners to explore property purchases and potential permanent residency in the area.

This shift is significant for prospective buyers, especially when combined with various other tax

advantages available in the region.

These include minimal inheritance or gift tax obligations, investment income tax rates, and capital gains tax rates ranging from 19 per cent to 26 per cent.

Additionally, private pensions receive favourable treatment as investment income.

Furthermore, recent updates to the Model 720 form, which requires a declaration of overseas assets

exceeding €50,000, have improved transparency and alleviated concerns about potential fines.

Previously, failure to file or incorrect filing could result in substantial penalties, sparking criticism for burdening expatriates unfairly.

However, following a ruling by the European Court of Justice, fines have been revoked, and the associated penalty regime has been revised with immediate effect.

Consequently, individuals contemplating property investment in the Costa del Sol can proceed with confidence, knowing they are free from the threat of punitive fines.

THE real estate show, which will be held from May 22 to 25 in Madrid, already has more than 150 companies with more than two months to go before the celebration of its new edition, which stands out for its particularly international focus.

With just over two months to go, SIMA 2024 has, to date, booked 85 per cent of its space, confirming the attendance of more than 150 companies, both national and international.

During this year, SIMA will present parallel events: the Investor’s Lounge will stand out for its renewed programme focused on the latest investment trends and methods. At SIMAPro, topics such as the shortage of housing supply and flexible

A boutique real estate agency...

UNICO PROPERTIES is a boutique real estate agency that was established in 2014 in Estepona, on the Costa del Sol, southern Spain. Our mission is to fully assist you with the process of buying or selling your home here.

We provide a personal and professional service to each one of our clients. We understand that every client6 is unique and has different wants and needs All of our property advisors have a deep knowledge and understanding of the real estate market, here on the Costa del Sol and we have many years of experience.

We truly want to understand our customer´s needs. We have access to all the finest properties for sale along the Costa del Sol from Malaga to Sotogrande. This of course includes the very well-known towns of Estepona and Marbella. We love to make the process of buying and selling a property as easy as possible for all of our clients.

Our goal is to exceed all of your expectations and we always go the extra mile for each client. That is what makes us unique. We also provide an excellent after sales service, which is very important after you buy or sell your property. We can assist you in English, Flemish, Spanish, German, Russian and Italian.

living will be addressed.

Eloy Bohúa, managing director of Planner Exhibitions, the event’s organiser, said that the high level of space bookings reflects a strong interest in the event, which is a positive sign for both the real estate market and SIMA’s global relevance.

Among the confirmed entities are leaders from different sectors related to the real estate industry, such as Aedas Homes, Básico Real Estate and Gilmar Consulting Inmobiliario, among others. SIMA 2024 is a key platform for future trends and business opportunities, reaffirming itself as an important meeting point to address the challenges of the sector and promote innovation, sustainability and international collaboration.

We have a proven track record regarding out support, experience and accomplishments. Teamwork anchors every transaction and we work with passion and dedication, bringing success and satisfaction to our clients.

So in brief, whether you’re a person searching for a place they call home, someone looking to buy an investment property, or looking to sell your home, well the Unico Properties are the people you need to be speaking to.

Now, we’d love to hear your story. How can we assist you in your real journey? Unicio Properties.

COSTA

SVENSK HEMSERVICE

SVENSK HEMSERVICE are a company, located in Fuengirola, that cares about each and every one of their clients. They offer a high level of personal engagement and a value for all customers, whether their requests be small or large. They cater for many nationalities and are accustomed to helping people from all over the world find, and love, their new life in Spain.

Svensk Hemservice are fluent in Swedish, English and Spanish.

However, this Swedish home assistance company can actually do much more than just help you manage the tasks of daily life and to perfect the household, they can also start by finding you your perfect home, right here on the sunny coast of Spain. Johan is the co-owner of the company and an experienced property expert who manages all of the Svensk Hemservice real estate proceedings. He has recently

created his own unique application that can be downloaded onto your smartphone which has been designed especially for buyers and renters that are interested in the Costa del Sol area. He has many years of practical experience in the real estate industry and is committed to finding the perfect fit for each and every one of his clients. Svensk

Hemservice will assist you throughout the entire process of buying your new home, from finding a property that suits your unique needs, to purchasing, and complete management of local taxes, not forgetting of course the best part, moving in!

They provide their clients with the essential local contacts regarding lawyers and banks with whom they have extremely

good relations and experiences. Svensk Hemservice will ensure that you get settled in your new home in the sun as quickly and smoothly as possible. They take care of all the hard work and hassle, so that you can focus on the important thing: enjoying your new dream life in Spain. They can also help you to find properties to be rented for a short or longer periods, in order to try out living everyday life on the beautiful Costa del Sol before deciding to buy a property here, and moving out permanently. Svensk Hemservice have a wide network of contacts and properties on the coast, alongside a deep and thorough understanding of the current real estate figures and trends in the area. Their committed staff possess the language and personal skills needed to ensure you get the best possible deal on your new home.

To take the first step to a new adventure on the Costa del Sol, or for any more information on the services Svensk Hemservice can offer, contact Johan on +34 622 664 237 and have a chat today about how he can assist you in any of your real estate needs. Alternatively, email Johan at johan@svenskhemservice.com

Meet property expert Johan

EURO WEEKLY NEWS sat down with the man behind the magic of the Svensk Hemservice real estate service. Johan is originally from Sweden and has been living on the Costa del Sol for a number of years working in the real estate business. Johan is not only committed to providing an impeccable property finding experience, but he is also deeply passionate about his work too.

Johan explained to EWN that he has been working in real estate for many years and specialising in the Costa del Sol area since 2019. He stated that: “I am lucky, because I can help people find their dream home, to start a new life. Each time that I succeed at this it means that I not only reached my goal, but also my client’s too. I am grateful that I get the opportunity to meet new people and learn about them, at the same time learning how to help my clients even better. I believe we can always become better

as people and as real estate agents.”

We asked this real estate expert what makes the Costa del Sol area so special in terms of buying a property. Johan explained that: “The market in Costa del Sol is special because it covers a lot of land, and people from all over the world find themselves living or wanting to live here. You can always find your place, either at the beach or in the mountains or in a city, and the properties are from one bedroom apartments to a mansion or a big farm inland.”

Another question that many are surely curious about, is whether or not this is a good time to buy, and what the coast can expect from Costa del Sol’s property market in 2024. He told us, “Yes, during 2024 we can expect the market to point upwards, especially down here on the coast and many people are always looking for a great property in the area.”

Finally, we asked Johan what advice he would give to anyone who wants to buy a home in Spain but does not know where to start. He said his best advice would be: “Think about what you need in terms of size, easy access, views and whether you are looking to be close to the airport or other public transport services.

“You also need to think about if you are looking for a holiday home, investment or to a new start in life. Concentrate on one area, or it will be too much input. Go on holiday and get a feel for different places, and since the market is fluent don’t go looking at a property until you are ready to buy, otherwise it will be gone next time you come here.”

C. José Cubero Yiyo, 3, 29640 Fuengirola, Málaga 622 664 237 johan@svenskhemservice.com svenskhemservice.com

ARE you searching for your dream property on the stunning Costa del Sol in Andalucia? Look no further than Roc Estates, your premier multinational and multilingual estate agency dedicated to providing exceptional service and expertise in the region.

At Roc Estates, we pride ourselves on our professional and friendly staff who are specialised in finding bargains, bank repossessions, and distressed sales in sought-after areas such as Benalmadena, La Cala de Mijas, Mijas Costa, Calahonda, Marbella, Puerto Banus, and Estepona. With over

a decade of experience in selling both residential and commercial properties on the Costa del Sol, we have honed our skills and built a reputation for excellence. One of the key advantages of choosing Roc Estates is our extensive network. With access to over 20,000 properties and more than 150 agencies across Andalucia, we are your onestop shop for all your property needs. Whether you’re looking for a beachfront villa, a charming townhouse, or a lucrative investment opportunity, we have the resources and connections to make it happen.

Foreigners add €6 billion

FOREIGNERS who own a home in Spain and use it as their habitual residence contributed over €6 billion to the national gross domestic product (GDP), according to data from the report ‘The socio-economic impact of residential tourism in Spain’, prepared by PwC at the request of the Association of Developers and Builders of Spain (APCE).

“The contribution of this residential tourism to GDP is triple that of the textile industry, double that of the timber industry and the same as the manufacture of pharmaceutical products in Spain,” said Anna Merino, director of the Economics team at PwC.

The document shows that each euro spent by residential tourists has an impact of well over €2 on the economy. In addition to this direct contribution to the economy, the economic activity

associated with spending by foreigners generated 105,600 full-time jobs in 2022.

The report was commissioned by APCE in response to the possibility that some communities might limit the purchase of homes in Spain by foreigners. “With this study we want to demonstrate the negative impact that a measure such as the one proposed by some administrations would have on the Spanish economy,” explained Juan Antonio Gómez-Pintado, president of the association.

Although there is no data for 2023 yet, Merino said, “It is very likely that the impact of residential tourism in Spain in 2023 will be even greater than in 2022, due to the increase in spending by visitors during their stay.” During 2023, tourist spending soared by 36 per cent to almost €20 billion.

But our services don’t stop there. We understand that purchasing property abroad can be a complex process, which is why we offer a wide range of additional services to streamline your experience. From connecting you with trusted lawyers and architects to arranging surveys, managing rentals, and handling tax matters, we have a comprehensive network of associates ready to assist you every step of the way.

At Roc Estates, we believe that finding your perfect property should be an exciting and rewarding journey. That’s why

we are committed to providing personalised attention and guidance to ensure that your needs and preferences are met with precision and care. Whether you’re a seasoned investor or a first-time buyer, our dedicated team is here to support you throughout the entire process, from initial consultation to closing and beyond.

So why wait? Unlock the door to your dream property on the Costa del Sol with Roc Estates today. Contact us to schedule a consultation and let us help you turn your vision into reality. Your dream home awaits!

Photo: Shutterstock/ docstockmedia

APEX Marbella Property is a real estate company dedicated to property sales and rentals across the Costa del Sol. Their team of real estate agents have many years of combined experience and are committed to finding the perfect property for clients seeking to invest in a home on the Costa del Sol.

Their website www.apexmarbella property.com is a property portal offering a huge range of all types of properties currently available for sale, including commercial properties and plots of land to build upon. The website is easy to navigate and offers filters to narrow the property search down to the finest detail, showing apartments, townhouses and villas for sale in all the most popular coastal areas and inland towns. The site also filters to match clients’ minimum and maximum budgets and can show the latest listings first, giving clients an extra head-start

Important when viewing a property

WHEN viewing a property, it’s crucial to carefully assess various aspects to ensure it aligns with your needs and preferences. Start by evaluating its location, considering factors like safety, amenities, and proximity to essential services such as schools and transportation.

Pay close attention to the property’s structural integrity, checking for signs of damage or wear and tear. Test the plumbing and electrical systems to ensure they function properly and safely. Assess the HVAC system for efficiency and reliabili-

Costa del Sol Real Estate Professionals

on other buyers; which can make a huge difference to buyers in the current market of high demand!

For clients wanting a more human interaction, APEX Marbella Property have offices in Centro Comercial Doña Pepa, at the entrance to La Reserva de Marbella in Marbella Eastbetween the districts of Cabopino and Elviria. The office is very welcoming and the enthusiastic in-house team are committed to finding the perfect property for clients seeking a second home, property investment or full-time residency, using their in-depth knowledge and over 20 years of first-hand experience of the Costa del Sol property market. The commercial centre offers plenty of free parking seven days a week and has a lift for disabled access. The offices are open 10.00 until 16.30 Monday to Friday, appointments are strongly recommended but not absolutely necessary.

ty, and inspect insulation and ventilation for comfort and energy efficiency.

Take note of the condition of appliances and fixtures, ensuring they are in good working order. Check windows and doors for proper functionality and security.

Evaluate outdoor areas for maintenance needs and usability. If applicable, assess parking availability and convenience. Ensure the property complies with local regulations and has necessary

permits. Consider potential maintenance and renovation needs, factoring them into your decision-making process.

Finally, trust your instincts and assess the overall feel of the property to determine if it’s a place where you can envision yourself living comfortably.

APEX Marbella Property take great pride in their excellent customer service and strive to offer full support to buyers and sellers before, during and after a property transaction. They can also make trusted introductions to banks, legal and tax professionals, if required. APEX Marbella Property recognise that no two sales processes are exactly the same and so complete personalisation to suit the needs of every client is of paramount importance.

For clients looking to buy, APEX Marbella Property are a one-stopshop for residents and non-residents and their agents are always keen to find the perfect property for clients seeking a second home, property investment or as part of an application for full-time Spanish residency.

APEX Marbella Property are also best-positioned to help property owners wanting to sell their home here

on the Costa del Sol. Not all real estate agencies list properties the same way: APEX Marbella Property work on a no-sale-no-fee agreement. They also list properties for sale with full professional photography, video, 3D virtual tour and floorplans, all free of charge. Such work shows all aspects of the property including views, so potential buyers can have a real sense of how nice the property is even before viewing in person.

For the best possible service and choice for real estate on the Costa del Sol, contact APEX Marbella Property today!.

Centro Comercial Doña Pepa, Av. Aljaima, Local 6, 29604 Marbella, 0034 685 450 818

office@apexmarbella.com

www.apexmarbellaproperty.com

Malaga is a favourite

According to the latest Global Property Handbook study by Barnes, a renowned publication in the luxury real estate sector, Malaga is ranked among the most desirable destinations for high net worth Individuals to buy homes, ranking 47th in the world.

Madrid and Barcelona are also among the favourite cities to buy luxury properties. The Spanish capital is among the top five worldwide, in fourth position. And Barcelona is among the top 20, in 19th position, making Spain a hotspot for international luxury property investors and buyers.

The list is headed by Dubai, which has ousted Paris from the top spot, now in

fifth place. In second and third place are the American cities of Miami and New York, respectively.

Among the criteria evaluated by Barnes for this ranking are interest in investment, favourable climate, security and quality of infrastructure. These factors, together with the growing attraction of foreign capital, have made cities such as Madrid, Barcelona and Malaga a focus of attention for investors from all over the world.

The report also noted that there is a change in the profile of buyers, with the arrival of a new American clientele, mainly from California. These buyers are looking to get away from the political tensions in their home country and are attracted by the Mediterranean lifestyle offered by cities such as Malaga.

MALAGA is once again one of the favourite destinations to live in, this time for the wealthy.

Photo: Wikimedia CC / Zarateman

OUR STORY

IN the summer of 2012, Essential Properties La Cala SL was born.

OUR aim was to enter the property market as a boutique property business, working as a friendly face caring for individual buyers, sellers and renters, trying to shake off the very corporate style most agencies had adopted and instead creating a more personal approach for clients, to put them at ease with what can be a very daunting process.

Working mostly to cater for family, friends and referrals, with the intention of building our business literally from the ground up, and being the company people would come to know as a safe and trusted partner.

From our first office in La Cala, we achieved just that, building relationships, not only with our ever growing list of clients, but also with other real estate professionals, banks and financial institutions, and Spanish legal professionals.

In 2020 after great success came the dreaded pandemic, an awful time for the whole world. We realised that due to the change with everyone’s circumstances, we needed to change with the times and moved to give us a more digital online presence.

With the responsibility of keeping everyone safe and with a heavy heart we closed our office and started to work remotely, with this came our rebranding, and E properties Spain (epropspain.com) became our online digital presence.

2023. OUR ONE STOP LITTLE PROPERTY SHOP:

Fast forward to the present day… We wanted to get back to the personal service that we loved and is the main structure of our business model. Caring for our clients and taking them through the purchase, sale and rental process from start to finish and beyond.

Therefore we are happy to announce the opening of our property shop in no.25 Jardin Botanico, La Cala de Mijas. After over 10 years of building relationships, and finding the best professionals in the sector to work with, E properties Spain can happily

offer to our clients, all aspects of the business.

SALES:

From Residential, New Developments, & Commercial we have clients ready to buy and provide a one stop process from start to finish for purchasers and sellers.

RENTALS:

Long and Short term. With the booming vacation rentals we have a wide knowledge of this growing industry. Clients available to rent your property as soon as they come to market.

FINANCE:

Over the last 12 years we have close relationships with all the banks on the coast, and can supply mortgages tailored to your individual needs, from first time buyers, to investors and beyond, with hundreds of satisfied customers.

LEGAL:

We have partnerships with dynamic conveyancing lawyers that we work with hand in hand. Providing a fast professional service that is unbeaten in this field.

Thank you for taking the time to read our history and goals and please pop in to our new office to see what we can do for you.

Marbella: a very safe city!

THE leading property agents of Spain (LPA), that brings together the leading real estate agents of the Costa del Sol, have held a conference in collaboration with Marbella City Council and Marbella Local Police.

Councillor, José Eduardo Díaz, reminded the conference of the council’s significant investment in direct security, highlighting their position as one of the councils that allocate the most resources to this area within the whole of Spain, with a direct investment of €16 million annually.

Díaz said that “we want to reassure the real estate agents of the LPA that Marbella is a very safe city to live in.”

The head of the Local Police, Javier Martín, added that “Marbella stands as the first city in the country to implement a complete video-surveillance system, that serves as a proactive deterrent thanks to the more than 300 cameras installed in strategic places.”

Martín continued, “The community-based, balanced and problem-orientated police model that we have adopted allows for quick and efficient responses, adapted to the changing needs of our population, which increases from 160,000 to 600,000 during the high season. This level of preparation and adaptability is the foundation of our promise of safety, essential to maintain Marbella as a safe and desirable destination.”

Photo: LPA

Ref: R4145284 • Las Chapas • Detached Villa

Ref: R4601992 • La Cala de Mijas • Townhouse

MOTIVATED SELLER This exceptional, modern 5-bedroom villa with a separate two bedroom guest accommodation, is located in one of the best urbanisations in Marbella, Las Chapas. The property is not only impressive in size but also built luxuriously to o er a truly unique property in this area. All bedrooms are ensuite and the master bedroom is over 100m2. All rooms have been done with luxury in mind and to include the vistas. The property has panoramic views along the coast from Fuengirola to Gibraltar and across to Africa on a clear day. There are two outdoor swimming pools which are beautifully furnished with sun loungers and outdoor furniture, plus an indoor pool with an

€3,749,000

REDUCED MOTIVATED SELLER !!! High Income Beachside Investment! Prime Location. Turn Key Ready Invest smart with this fantastic opportunity! Enjoy high weekly rental income in a fully refurbished, turn key property just steps from the beach. Discover coastal living in this immaculate 3 bed, 2 bath townhouse, just steps away from the pristine shores of La Cala de Mijas. Indulge in the luxury of a fully refurbished home to the highest standards, featuring a sun drenched south facing orientation that o ers breath taking sea views. Boasting a convenient 1 minute walk to the beach, this property de nes seaside convenience. Enjoy o street parking for 2 cars and unwind on the roof terrace or back.

Buying or selling a home can be a stressful process if you don't have the right real estate agent. With 15 years of experience, you can rely on us to get you the best possible result. BUYING OR

No.25,

WORK TOGETHER!

€599,995

‘Owning a holiday home should be hassle free’

YOU’VE been looking forward to your holiday all year so, do you really want to spend the first couple of days cleaning everything, sweeping the terrace and wiping down the outside furniture? That’s the reality for many holiday home owners on the Costa del Sol and why they should look to Suncoaster HomeCare to take care of your home in the sun when you’re not here. Suncoaster HomeCare is a professional property management company that has been looking after holiday homes for over 25 years. Based in Calahonda, Mijas Costa, they cover the coast from Fuengirola to Marbella offering a complete range of property management services.

Jana Parker of Suncoaster said, “What we offer is peace of mind, knowing that everything is taken care of so holiday home owners and their guests can relax and enjoy their holiday. And the work doesn’t stop when you leave: your property will be cleaned, all the linen laundered and everything squared away ready

Strong demand continues.....

ACCORDING to Fotocasa Research’s report ‘Radiography of the real estate market in the second half of 2023’, there is a great imbalance between supply and demand for property: 77 per cent want to buy compared to just 17 per cent who are putting their homes on the resale market.

This imbalance is closely related to the significant increase in house prices in Spain, particularly in the most sought after areas which includes the Costa del Sol. According to the Fotocasa Real Estate Index, the average square metre price reached over €2,000 in February 2024, registering a year-on-year increase of 7.1 per cent.

“Purchase prices are once again rising significantly. Demand continues

to put pressure on supply so waiting for prices to fall and find a good opportunity is not going to be the best strategy,” explained María Matos, Director of Studies and spokesperson for Fotocasa.

In total, 586,913 sales and purchases were made in 2023, the second best figure since 2007. However, the latest data on real estate transactions for the month of December 2023 released by the National Statistics Institute (INE) showed a monthly decrease of 21.7 per cent, reflecting the lack of supply.

After the ECB’s statements opening the door to a cut in interest rates before the summer, the demand for purchases could be even stronger in the coming months, which would once again push up house prices.

for your next visit.” You can also rest easy knowing someone is checking on your home when you’re not here. Taking care of any maintenance that needs to be done, dealing with insurance companies if the need arises and providing security checks on a regular basis.

Happy clients, Daniel and Kajsa, said, “We started using Suncoaster immediately after buying our apartment in Calahonda. They have helped us with everything from minor repairs to lock changes and everything in between. Everyone we come in contact with at Suncoaster always provides a high level of service and fast feedback.”

And if you decide you’d like to make some extra income from your holiday home then Suncoaster Holiday Rentals are the people to speak to. They will organise the marketing, booking, payments and deposits; cleaning and departure checks; they will provide linen and towels and be there for your rental guests with a

24-hour hotline for any emergencies. Suncoaster also ensure that your property meets the regulations for holiday homes and they take care of the little things (but important things) like registering guests with the Local Police, which is now a legal requirement in Spain.

Your home will be listed on internet portals such as Google Vacation Rentals, Spain Holiday and VRBO plus smaller agencies including Magic Stay, Holidu, Hometogo, Muchosol, and Vacancesweb.be. They are adding more all the time and have just started a collaboration with Homes & Villas by Marriott.

The company is so successful that they now have a growing data base of 15,000 holidaymakers and a third of bookings are from returning clients as people love their services so much.

Suncoaster client, Angus Kleppe said, “I needed a trustworthy local management company to look after my apartment and also generate rental income and Suncoaster have

not let me down! The whole team is professional, helpful and super friendly, all issues are resolved efficiently.”

Jardines Fase 1, Avenida de los Jardines No.3, Sitio de Calahonda, 29649 Mijas Costa, 952 939 415

info@suncoastergroup.com

www.suncoasterhomecare.com

Photo: Flickr CC / Andrea Corzo

‘Discover the Luxury of Sleep with Hästens’

IN the world of rest, one brand stands out above all: Hästens. With over 172 years of experience in the artisanal manufacturing of luxury beds, Hästens has perfected the art of sleeping to offer unparalleled slumber.

What makes Hästens unique is its commitment to quality and craftsmanship. Each bed is handcrafted by expert artisans in its factory in Sweden, using natural materials of the highest quality. From wool, cotton, and horsehair to linen and birch wood, each component is carefully selected to ensure maximum comfort and durability.

But Hästens is not just a bed; it’s an incomparable sleep experience. Its exclusive pocket spring systems and filling layers provide ergonomic support and perfect weight distribution, ensuring a deep and restorative rest night after night.

In addition to unmatched comfort, Hästens beds are a symbol of luxury and style. With a wide range of colours available, in addition to the characteristic checkered design and distinctive blue

colour, a Hästens bed is a statement of taste in any bedroom.

The true beauty of a Hästens bed lies in its ability to transform the quality of your sleep and, ultimately, your life. With a Hästens bed, you will wake up refreshed and full of energy every morning, ready to face the day with vitality and mental clarity.

Hästens not only cares about offering the highest quality beds, but is also committed to sustainability and environmental respect. They use responsible manufacturing practices and renewable materials whenever possible, ensuring that each bed not only provides exceptional rest, but also has a positive impact on the world around us. This combination of quality, craftsmanship, and environmental responsibility makes choosing a Hästens bed not only an investment in your own well-being, but also in the future of the planet.

Are you ready to experience the luxury of sleep with Hästens? Visit one of our stores today and discover why Hästens is the choice of those seeking the best in rest and well-being. Rest better, live better, with Hästens.

30% of new Spanish homes bought by foreigners

A RECENT report by Aedas Homes highlights a significant trend, over a third of new properties are now being snapped up by overseas investors. On the 2023 release of ‘The New Construction Home Buyer Profile’ by Aedas Homes, it was revealed that foreign investors are increasingly setting their sights on Spain.

Indeed, they constitute nearly 37 per cent of the clientele for new builds. This figure marks an 8 per cent rise from the previous year, with more than 600 of the 4,000 new properties sold going to international buyers.

Growing interest from abroad

“This international client represents added value for the Spanish residential sector,” states Pablo Rodriguez Losada, the Commercial and Marketing Director of Aedas Homes. Losada points out that there’s a marked preference among foreign buyers for regions such as Levante, the Balearic Islands, the Costa del Sol, and the Canary Islands. The company has accordingly increased its presence in these areas to cater to the demand.

Central and Western Europe are the main regions from which international buyers come from, accounting for 42 per cent of purchases.

Eastern Europe follows with 29 per cent, then America at 13 per cent, British buyers at 7 per cent, Asia at 4 per cent, and the Nordic Countries at 3 per cent.

Poland, Holland, and Belgium are the top three countries of origin, followed by the United Kingdom in fourth place, and Germany in fifth, highlighting a diverse European interest in Spanish real estate.

Market challenges and opportunities

The real estate outlook for 2024 remains uncertain following the market’s post-Covid stabilisation. With the health crisis over, transaction volumes have remained steady. This

bdhome Marbella Showroom: Calle Antonio Herrero 3, Marbella. 952 861 122 | 660 047 331 info@bdhome.es bdhomemarbella.es

consistency is crucial for the industry amidst a notable supply-demand mismatch. Luis Rabassa, Executive Vice President of Petrus Grupo Inmobiliario, voices concerns over delays in government licensing and restricted access to real estate credit for developers. These factors contribute to the consistent rise in housing costs.

Jordi Tomas, CEO at Guinot Prunera, however, is optimistic about improved construction performance due to anticipated lower rates and financing costs. He also notes that a strong labour market is essential for encouraging purchases, though product shortages may limit price reductions.

Melrose Properties celebrating 40 years: Your trusted Real Estate partner

FOR four decades, our real estate agency has proudly served Estepona’s Marina, establishing ourselves as local experts in the heart of this vibrant community. As we celebrate our 40th anniversary, we extend our heartfelt gratitude to our loyal clients who have trusted us with their real estate needs for generations.

Throughout our journey, we’ve been known for our unwavering commitment to excellence, providing exceptional service and achieving a proven track record of success in both sales and rentals. Our clients rely on us for our local expertise and dedication to delivering results, making us a trusted name in the industry.

Our agency’s reputation for excellence is built upon decades of dedication and integrity, earning us the trust and respect of our clients and peers alike. We take pride in our long-standing relationships

within the Estepona community, allowing us to stay ahead of market trends and provide invaluable insights to our clients. With a multilingual team, we ensure that language is never a barrier when it comes to serving our clients. Whether you speak English, Spanish, French, German, or any other language, our team is here to provide personalised service tailored to your unique needs.

While our roots may lie in Estepona, we’re excited to announce our expansion to serve clients from Marbella to Sotogrande. This expansion allows us to offer our exceptional services to even more individuals seeking their dream home or investment property along the stunning Costa del Sol.

In addition to our expertise in resale properties, we’re proud to represent some of the most exciting new developments in

the region. From luxury waterfront villas to modern condominiums, our portfolio showcases the best that the Costa del Sol has to offer. As we embark on the next chapter of our journey, we remain committed to upholding the values that have guided us for the past 40 years: integrity, professionalism, and a relentless dedication to exceeding our clients’ expectations. Whether you’re buying, selling, or renting, you can trust that our team will go above and beyond to ensure a seamless and rewarding experience.

Thank you to all of our clients, past and present, for your continued support and trust in our agency. Here’s to the next 40 years of success!

Av. Luis Braille, 31, 29680 Estepona

952 802 912 | 667 337 330

www.melrose-properties.com

Strong growth of artificial grass

THE demand for artificial grass has increased by almost 200 per cent in the first months of 2024.

“The quest for sustainable resources combined with convenience and rising costs of garden maintenance has triggered customer interest, our sales started to increase and, in the last few months the demand for our products has risen by 150-200 per cent,” Francisco Carrasco, general manager of Econatura Andalucía, explained to El Economista.

One of the sectors most affected by this situation is the luxury property market, as houses have an average lawn area of between 150 and 500 square metres, rising to 2,000 square metres in the case of high end villas. Although water demand varies according

to the type of garden, on average between five and eight litres per square metre per day are needed for lawn areas and between two and five litres per day for flower beds and trees.

This means that an averagesized garden of approximately 200 square metres needs around 1,400 litres of water per day in the summer season. This is more than 40,000 litres per month. A synthetic turf lawn on the other hand does not need watering and has a durability of between 10 and 15 years.

You can leave your property without worrying about either irrigation or maintenance and, of course, nor do you need to think about keeping it trimmed all year round.

Photo: pxhere CC

Versatile balcony

ONE of the attractions of many Spanish properties is that they have balconies or terraces in their apartments or houses. Whilst this is great when the weather is clement, but when it’s too hot, raining, or windy, they can end up as simply being wasted space rather than an additional room.

Some people decide to add canopies which can either be set onto an external wall and can be rolled out to add shade or drop a canopy from an overhead balcony to give the impression of another room.

The problem with these options of course is they are open to deterioration due to the weather and when it rains or the wind is heavy you need to roll them in otherwise, they will bow and deteriorate even more quickly.

In the UK, the answer is often to build

a conservatory but depending on the type of space you may have available in your Spanish property, one very popular option is to install what are known as glass curtains.

If you have a balcony over a terrace then you will be able to find one of the many manufacturers and installers who advertise in Euro Weekly News to create what will essentially be a new room when the glass curtains are extended or a genuine terrace or balcony when they are opened.

There are various layouts which can de designed to fit your personal needs based on the physical aspects of the property and in fact a room can be opened up to become an outside space as well.

Celebrating two decades of superior sleep: Jensen Store’s legacy

IN the world of luxury bedding, Jensen Store stands for quality, craftsmanship, and a legacy of amazing sleep experiences. For two decades, Jensen Store has been the premier destination for those seeking the ultimate in sleep comfort, with four prestigious locations across southern Europe: Palma de Mallorca, Marbella, Torrevieja, and Lisbon. Specialising in the sale of Jensen Beds from Norway, Jensen Store has become synonymous with perfect sleep quality, offering a bed to suit every type of person.

Since its start in 1947, Jensen Beds have been synonymous with excellence. Founded in the picturesque town of Svelvik, Norway, just two years after the end of the Second World War, the Jensen family embarked on a journey to revolutionise the way people sleep. Despite limited materials, their ambition knew no bounds. From the production of their very first mattresses, the aim was clear: to provide everyone who chose Jensen with the best possible sleep. This commitment to quality and innovation has remained steadfast throughout the decades, making Jensen Beds a household name synonymous with unparalleled comfort and support.

At Jensen Store, we believe that quality sleep is essential at every stage of life. From childhood, when sleep is crucial for cognitive function, memory consolidation, and overall physical health, to adulthood, when it helps maintain low stress levels and increase productivity, quality sleep plays a vital role in enhancing our well-being and overall quality of life. That’s why we’re dedicated to providing our customers with the tools they need to achieve the perfect night’s

sleep, no matter their age or lifestyle. Our commitment to excellence extends beyond our products to the services we offer. At Jensen Store, we understand that the purchasing process should be as seamless and stress-free as possible.

That’s why we offer free import, transport, and assembly for all our customers, ensuring that your new Jensen Bed is installed and ready for use in no time. Additionally, we stand behind the quality of our products with a 25-year guarantee against frame and spring breakages, giving you peace of mind for years to come. But perhaps what truly sets Jensen Store apart is our team of dedicated sleep professionals. Fluent in English, Swedish, Spanish, Portuguese, and some German, our knowledgeable staff are here to guide you through every step of the purchasing process, from selecting the perfect bed to ensuring that it meets your specific sleep needs.

As a third-generation family business, we take pride in our heritage and never forget our roots. Our factory remains in Norway, where every Jensen Bed is made with passion and craftsmanship that has been passed down through generations. Because to us, sleep is not just something that happens at night - it’s what makes your day.

Experience Norwegian sleep quality since 1947 with Jensen Store.

Glass curtains add something special.

Credit: John Smith /Genesev

G SPA Experience the ultimate sparadise..

G SPA is a company offering pool and spa construction and refurbishment of existing pools and spas, etc. Goran Ericsson CEO and Roberto Duarte Architect have a combined experience of more than 50 years in the industry. Goran has been a sales and tech in Scandinavia for Hydropool hot tubs (Canada) and moved to Marbella four years ago.

They offer planning, design of your ‘private paradise’ from your dreams, and only work with

subcontractors with long experience and deep knowledge of pools and spas who have proven to be experts in their different fields. Regarding the hot tubs / spas, Goran is the exclusive retailer in Andalucía for Hydropool spas from Canada which he has worked with for over 20 years.

They also offer Swedish premium pool equipment from Pahl’en for all your technical needs and pool system for the future with pools built in lightweight EPS material. Every pool or plunge pool / spa is bespoke for your project and the big advantage is that it’s prebuilt even with mosaic or tiles before delivery depending on the size. It’s the ideal product for rooftop installations thanks to the low weight.

A Hydropool hot tub or swim spa is a fantastic investment for several reasons. Firstly, hydrotherapy has many benefits including relieving stress, joint discomfort, and muscle aches. Secondly, they are usable all year-round, even in colder conditions thanks to their triple A insulation and quality heat pumps. Thirdly, their proprietary technology selfcleaning swim spa and hot tubs will always be in great condition and ready to offer a fantastic space for entertaining friends, unwinding, or even working out.

Moving to southern Spain

Finally, all their products have outstanding energy efficiency, which means operating them won’t cost a fortune.

There is bound to be a Hydropool hot tub or swim spa to fit your demands and budget with the variety of styles and sizes available. Whether you want to improve your wellness or make an inviting outdoor space, at Hydropool Andalucia they are willing to help you design your dream Sparadise.

So if you are dreaming of creating your backyard or rooftop paradise don’t hesitate to contact us for further details.

Calle El Califa 4. Marbella

611 172 712

MOVING to the southern coast of Spain promises an idyllic blend of sun, sea, and cultural richness. Nestled along the Mediterranean, this region offers a lifestyle that embodies relaxation and adventure in equal measure.

Prepare to awaken each day to the gentle lapping of waves and the golden glow of sunlight filtering through your window. The Mediterranean climate ensures mild winters and scorching summers, inviting you to bask on pristine beaches or explore rugged coastal cliffs year-round.

Embrace a culinary journey that celebrates the bounty of land and sea. Indulge in freshly caught seafood, from succulent gambas al ajillo to grilled sardines straight off the fishing boats. Savuor the vibrant flavours of gazpacho and salmorejo, traditional Andalucian soups perfect for cooling down on hot summer days. And don’t forget to raise a glass of crisp local wine or chilled cava as you toast to another breathtaking sunset over the Mediterranean horizon.

Immerse yourself in the rich tapestry

of history that adorns the southern coast. Wander through ancient Phoenician and Roman ruins in sites like Baelo Claudia or explore the Moorish heritage of Al-Andalus in cities such as Malaga and Almeria. Every cobblestone street and whitewashed building whispers tales of civilisations past, inviting you to delve deeper into the region’s captivating past.

Embracing life on the southern coast may require adjusting to the laid-back rhythm known as ‘mañana’ time. Take leisurely strolls along the seaside

promenades, sip café con leche at bustling cafes, and revel in the joy of siesta culture, where afternoons are reserved for rest and relaxation.

Prepare to be enchanted by the warmth and hospitality of the locals, whose zest for life is as contagious as the Mediterranean breeze. Whether you’re seeking adventure in water sports, cultural exploration in charming villages, or simply a tranquil escape by the sea, the southern coast of Spain beckons you to embark on a journey of discovery and delight.

Penthouse living

BRITISH-based developer, Taylor Wimpey España, has recorded a significant increase in reservations, with the Costa del Sol being its most buoyant market in the first few months of 2024 and interest has been particularly strong in penthouses.

The reasons buyers give are first and foremost, the panoramic views that the top floor apartments offer towards the sea or the mountains. In addition, they say that penthouses offer a greater sense of privacy and exclusivity.

Another of the features most frequently mentioned by penthouse buyers is the outdoor spaces. The large terraces that these types of homes tend to have extend the living space to the outside. Finally, buyers highlight the natural light and brightness.

Being located at the top of buildings, penthouses tend to receive more natural light throughout the day. This makes the interior spaces feel more open, spacious and welcoming.

But are there any downsides? Buyers report a couple and the first relates to the outdoor space which, as noted above, many consider an advantage. However, how often will you use the solarium when it’s over 30 degrees in the summer? The penthouses are also more exposed to inclement weather because, when it rains on the Costa del Sol, it really rains.The last thing to note has to be price: buyers pay a premium for the top floors so make sure you think carefully about how much you will take advantage of the upsides before signing on the dotted line. Photos:

‘Celebrating 25 years of excellence in Sotogrande’s real estate’

NESTLED along the sun-kissed shores of the Costa del Sol, Sotogrande stands as a pinnacle of luxury living in Spain. Within this coastal paradise, one name has shone brightly for a quarter of a century: Consuelo Silva Real Estate. Celebrating 25 years of unwavering dedication, this agency has become synonymous with prestige and sophistication in Sotogrande’s real estate landscape.

A Quarter Century of Distinction

For 25 years, Consuelo Silva Real Estate has set the benchmark for excellence in Sotogrande’s real estate market. Since its inception, the agency has forged enduring relationships with clients, offering tailored services that epitomise professionalism and integrity. This milestone is a testament to Consuelo Silva Real Estate’s unwavering commitment to quality and customer satisfaction.

A Legacy of Luxury

In Sotogrande’s exclusive enclave, Consuelo Silva Real Estate curates a portfolio of unparalleled properties. From traditional to modern villas to a variety of top end apartments, each listing reflects the agency’s dedication to elegance and refinement. With a diverse range of offerings, the agency ensures that every client finds their dream home in this coastal haven.

Exceptional Service, Timeless Values

Consuelo Silva Real Estate’s success is rooted in its unwavering dedication to exemplary service. With a highly skilled team, the firm navigates clients through seamless buying or selling experiences, understanding their unique preferences and needs. Whether buying or selling, clients can expect personalised attention and seamless transactions that exceed expectations.

Embracing the Future with Innovation

As it celebrates 25 years of excellence, Consuelo Silva Real Estate remains at the forefront of innovation. Embracing digital advancements, the agency offers clients access to Sotogrande’s premier properties through its cutting-edge online platform. This commitment to innovation ensures that Consuelo Silva Real Estate continues to redefine the real estate experience for years to come.

In conclusion, Consuelo Silva Real Estate’s 25year journey is a testament to its enduring legacy of excellence in Sotogrande.

As it looks toward the future, the agency remains steadfast in its commitment to providing unparalleled service and luxury living experiences in this coastal paradise.

Galerias paniagua local 3,

ADVERTISING FEATURE

CASASOLA DECOR, 40 years of experience in Personalised Interior Design

WITH thousands of catalogues, manufacturers, designers, fabrics, and accessories available in the market, finding a company that offers not only products but also four decades of experience and projects worldwide is a rarity. However, this is precisely what Casasola Decor offers.

With a 40-year legacy in the interior design industry, Casasola Decor stands out as a beacon of excellence and quality in the sector. Since its founding, the company has been dedicated to providing personalised design solutions that reflect the individuality and unique tastes of each client.

Instead of delving into the search for scattered elements or trying to recall the name of every product, Casasola Decor has adopted a more logical and organised approach. All products and elements are grouped by rooms, greatly facilitating the shopping and design experience. Whether you’re seeking inspiration for your living room, kitchen, dining room, bedroom, or any other space, you’ll find everything you need in its designated place.

But Casasola Decor goes beyond merely offering a wide range of products. They invite their customers to visit their store, meet the team, and share their needs and desires. With a personalised

consultation, the Casasola Decor team can offer expert advice and develop design solutions that cater to both your style and your budget.

From elegant interior design to the selection of furniture and accessories that transform a space, Casasola Decor prides itself on providing comprehensive and personalised service that exceeds its customers’ expectations.

So, if you’re looking to breathe new life into your home or commercial space, look no further than Casasola Decor. With their unique combination of experience, style, and customer focus, they are ready to turn your ideas into reality.

KM. 184,5, Carretera Cadiz-Malaga | 29603 Marbella | 952 772 758 | info@casasoladecor.com |casasoladecor.com

ARE you planning to create a home office?

Whether your home office design will be located in a small bedroom or a small corner of your home here are a few tips to take into consideration when creating an inspiring and productive workspace at home.

Location is key, consider what the ideal space is for you. Do you need a peaceful area without distractions or do you need to be near the hub of the household? Also, make sure to allow enough space, this might seem like a given but it is easy to underestimate how much space you will need.

Think about what equipment you will need and then pick out the desk and chair rather than the other way around. Would a standing desk be a better fit for you?

Take some time to

Create the perfect home office

think about the storage and shelving you may need. Storage can be overlooked when designing a home office but this is an essential part of creating a productive space.

Will you need to store much paperwork or will the area be a creative area and so will you need to store textiles etc?

Whatever you need it should be at arm’s length and easy to locate.

Finally, think about the lighting. Do you need to create a light airy space or is there plenty of natural light? Depending on the light what colours will suit the area?

Will a natural calm colour palette be suitable or does your home office need to be colourful to energise and motivate you? Lay it all out on a mood board and create a floor plan before you begin the real thing.

Catherine McGeer Image: Shutterstock/Ground Picture

Be a smart buyer

IF you are thinking of purchasing a property either as a forever home or as a holiday paradise, take time, especially with a second-hand property, to consider all of the pros and cons.

You need to be certain that there is a proper title to the land so that there is no unwelcome surprise further down the line if it was built without permission.

Generally, this has not been a major problem on the Costa del Sol but has caused significant heartache in some other parts of the country.

If it’s part of an urbanisation, find out

early what your monthly or annual community charge is going to be and whether it’s managed by fellow residents or is outsourced to a professional company.

In many European countries it is quite common to have properties surveyed either in order to obtain a mortgage or to ensure that the property is generally considered sound and won’t fall down around us.

For some reason, people don’t appear to be quite so worried about surveys in Spain but there are good surveyors around, so

Sustainable 2nd homes

LONELY PLANET has ranked Spain as among the top 10 destinations in the world for sustainable travel, as part of its Best in Travel 2024. And sustainability is an increasingly important issue for second home buyers in Spain, as well as holidaymakers. According to Marc Pritchard, Sales and Marketing Director at leading Spanish home builder Taylor Wimpey España, energy efficiency is increasingly top of mind for buyers.

When asked to predict trends for the Spanish second homes market in 2024, he said: “Buyers are increasingly seeking modern homes built with sustainability in mind. They are asking about energy certifications and seeking out A- and B-rated properties with features such as aerothermal heating pumps, installation for electric cars, energy-efficient appliances and energy-saving measures in communal areas. This is going to be a key trend in 2024 and beyond, with buyers increasingly turning away from older properties in favour of new, more sustainable homes.”

Taylor Wimpey España already provides virtual show home visits for buyers looking to reduce their carbon footprint by minimising travel. The company has seen travel patterns change too, with many owners using their properties for fewer, longer breaks, often blending leisure time with working from home.

“We expect to see further growth in executive nomads using their second homes in Spain in 2024. Instead of travelling to the office daily, sitting in traffic and adding to the fumes, they can step onto the terrace and enjoy an early morning coffee in the year-round sunshine,” said Pritchard.

57% increase in ten years

WHILE waiting to see if 2024 brings a slowdown in the property market, the province of Malaga led the escalation of house prices in Spain in 2023 (including both new and second hand), according to the valua-

of €2,000 per metre for the first time since 2009 and now has the highest prices since the peak of the property bubble, when it reached an average of €2,348 at the beginning of 2008. That bubble burst abruptly in the

you need to consider whether Spain should be any different than at home.

Next think about glazing, air conditioning and heating as some properties, especially those that are on the second-hand market can get very hot in the summer and chilly in the winter and you want to ensure that you are comfortable.

Nowadays so many of us are environmentally conscious so perhaps look into the possible cost of solar panels to save electricity charges and other energy saving devices.

tion data published by the Ministry of Housing and Urban Agenda.

Malaga and the Balearic Islands saw an increase of nearly 10 per cent in 2023 alone despite a drop in the number of sales transactions caused by the successive interest rate rises applied by the European Central Bank (ECB). Malaga is the sixth most expensive province in Spain after Madrid, the Balearic Islands, Guipúzcoa and Barcelona. In 2022 the province exceeded the average

summer of the same year following the collapse of Lehman Brothers in the United States, which triggered a global economic crisis.

The increase in the value of housing in recent years is, in part, down to the long economic crisis that followed the bursting of the bubble: prices fell in Malaga to a low of around €1,450 in 2013 and 2014. Compared to ten years ago therefore, the value of housing in the province has risen by 57 per cent.

Photo: Shutterstock / mahc

Photo: Shutterstock / Alberto Loyo

Buying or selling:

Preparing for the Spanish property market’s busy season

AS the vibrant colours of spring start to bloom, so too does the excitement in the Spanish property market. With the promise of warmer weather and longer days, April heralds a surge in activity.

For prospective buyers, the spring rush presents a golden opportunity to explore Spain’s diverse property offerings. From sun-kissed coastal villas, to idyllic mountain retreats, or historic urban dwellings, there’s something to suit every lifestyle.

However, with increased demand comes heightened competition, potentially inflating prices.

Prospective buyers may need to offer above the asking price if a property proves particularly popular and will need to account for this when budgeting.

Buyers should also be careful not to be rushed into things. Make sure

you carry out your due diligence to avoid legal or financial headaches down the road.

Meanwhile, sellers looking to capitalise on the spring rush, should ensure the property is priced competitively as not to deter buyers at the first hurdle. You also shouldn’t seek to deliberately mislead potential buyers. You don’t want to risk having the sale fall through and subsequently miss this year’s busy season.

Whether you are buying or selling, you will also want to consider your transfer options. Fluctuating exchange rates and transfer fees can impact your purchasing power and potentially derailing your property aspirations.

At Currencies Direct, we will help you to secure a competitive exchange rate, without charging additional transfer fees, ensuring that

every euro stretches further.

We provide access to a range of different transfer services tailored to help your money go further when buying or selling an overseas property.

For instance, with a Forward Contract you can fix an exchange rate for up to a year. Giving you plenty of time to complete the purchase or sale of a property, without needing to worry about how a shift in the currency market may negatively impact the transfer of your funds.

Whether you’re buying, selling, let Currencies Direct be your trusted partner every step of the way. Our

unrivalled expertise and innovative solutions, means navigating the complexities of the property market has never been easier.

As the spring rush unfolds, seize the opportunity to make your property dreams a reality with Currencies Direct by your side.

Visit us at our Spanish offices in

Costa del Sol, Costa Almeria, North Costa Blanca & South Costa Blanca.

Telephone UK +44 (0) 207 847

9400 Spain +34 950 478 914 euroweekly@currenciesdirect.com

www.currenciesdirect.com