Property Supplement AXA 30 May – 5 June 2024 Issue 2030

INVESTING in property in Axarquia, a picturesque region in the eastern part of the province of Malaga, offers a unique blend of natural beauty, cultural richness, and promising real estate opportunities. The region is known for its charming white-washed villages, stunning Mediterranean coastline, and the dramatic backdrop of the Sierra Almijara mountains.

This diverse landscape attracts tourists and expatriates alike, making it an appealing location

“Investing in Axarquia” finding financial stability

for property investment. One of the main draws of Axarquia is its relatively affordable property prices compared to more well-known areas such as the Costa del Sol. This affordability, combined with the region’s growing popularity, suggests a potential for property value appreciation over time.

Whether investing in a coastal apartment in towns like Torre del Mar or Nerja, or a rustic villa in inland villages such as Competa or Frigiliana, investors can find a variety of options to suit different budgets

and preferences. The rental market in Axarquia is also robust, driven by both short-term holiday rentals and long-term leases. Engaging with local real estate agents, legal advisors, and property managers can help mitigate risks and optimise investment returns.

Overall, Axarquia’s blend of scenic beauty, affordability, and rental potential makes it a compelling choice for property investors looking for a promising opportunity in southern Spain.

Inside Outside Allure

LIVING on the Coasta means embracing a lifestyle where the terrace becomes an integral part of daily living, enjoyed throughout the year. Blessed with a Mediterranean climate boasting mild winters and sun-soaked summers, residents relish over 300 days of sunshine annually, making terrace living a joyous experience.

The terrace transitions seamlessly from a cosy retreat in the cooler months to a vibrant social hub during

the warmer seasons.

With stunning views of the Mediterranean Sea, majestic mountains, or charming coastal towns, the terrace offers a picturesque backdrop for relaxation and social gatherings.

Whether hosting barbecues with friends or unwinding with a book, residents immerse themselves in the natural beauty of their surroundings. Personalised touches, such as lush greenery or comfortable seating, enhance the ambiance, crea-

ting a tranquil oasis for moments of serenity. Terrace living isn’t just about enjoying the outdoors - it’s about embracing a lifestyle of leisure, luxury, and connection with nature. From sunrise to sunset, residents savour every moment on their terrace, making cherished memories against the backdrop of scenic splendour.

With a myriad of outdoor activities at their fingertips, residents can indulge in adventures year-round.

WELCOME to Pool Spas Nerja, your go-to destination for premium hot tubs and wellness products on the stunning Costa del Sol. We pride ourselves on offering the finest brands in the market.

Our selection includes the highly acclaimed Caldera Spas, renowned for their exceptional hydrotherapy features and superior comfort. With advanced water care systems and a variety of models to suit every need, Caldera Spas provide an unparalleled spa experience.

Additionally, we offer Endless Pools, perfect for fitness enthusiasts and those looking for a unique aquatic experience. These pools are designed for endless swimming, low-impact workouts, and family fun, making them a versatile addition to any home. Beyond hot tubs and swim spas, Pool Spas Nerja also caters to your broader wellness needs. We provide high-quality saunas that promise to elevate your relaxation

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Your Premier Hot Tub destination on the Costa del Sol

routine, offering a range of health benefits from detoxification to improved circulation.

At Pool Spas Nerja, we provide expert advice and a personalised service to help you choose the perfect wellness solution for your home. Whether you need assistance with installation, maintenance, or finding the right product, our knowledgeable team is here to support you every step of the way. Located in the picturesque town of Nerja, we proudly serve clients throughout the Costa del Sol. Our local expertise, combined with our dedication to quality, makes us the preferred choice for residents and vacation homeowners alike.

Experience the best in relaxation and wellness with Pool Spas Nerja. Visit us today at our brand-new three-storwy Hot Tub store to discover how we can help you transform your outdoor living space into a haven of tranquility and luxury.

Hello@poolspasnerja.com

poolspasnerja.com

+34 601 645 145

POLAR

AIR Conditioning: Premier Cooling Solutions in Malaga

Polar Air Conditioning, based in Torrox, is known for its comprehensive air conditioning services for both residential and commercial clients. Specialising in quality installations, routine maintenance, and emergency repairs, they have established a reputation for exceptional service.

In Malaga’s warm climate, a comfortable indoor environment is crucial. Polar Air Conditioning offers a wide range of top-brand units, including energy-efficient models designed to lower energy bills and reduce your carbon footprint while delivering optimal cooling. Their installation services are meticulous, ensuring that every unit operates efficiently from day one. Trained technicians handle complex installations with precision, ensuring all components are correctly fitted and functioning.

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To keep systems running smoothly year-round, Polar Air Conditioning provides regular maintenance packages. These services help prevent unexpected breakdowns and extend the lifespan of your equipment. Additionally, their prompt and reliable repair services ensure that any malfunctions are swiftly addressed, minimising disruption to your daily life. Customer satisfaction is central to Polar Air Conditioning’s philosophy. They offer a personalised service tailored to each client’s needs, ensuring the best possible cooling solutions for homes and businesses alike. Whether you need a new unit, maintenance, or repairs, Polar Air Conditioning’s team of experienced professionals is ready to assist, ensuring comfort and efficiency in every service they provide.

info@polarair.eu - Call: Jordan +34 655 211 192 - www.polarair.eu

ESTABLISHED in 2006, Dream Properties is now one of the coast’s largest and most reputable independent Estate Agents specialising in the sale of residential properties within Malaga City and Nerja along with its neighbouring Andalucian towns and villages. We deal with the whole spectrum of residential property from the smallest studio apartment to spacious, luxury villas.

Dream Properties embraces the latest IT technology available in the real estate industry. Nevertheless at the heart of our business is the belief that personal, quality and honest negotiation ultimately delivers the best results for our buyers and vendors.

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Our friendly and experienced team will have your best interests at heart. We are proud to be among a network of quality agents that operate across the Costa del Sol. This enables us to assist you in finding the right property anywhere in Andalucia and beyond.

We would be delighted to invite you to our smart office on

Calle Lima 1 (Edif. Armijo – Local 1-2), opposite the (Local Police) in Avda Pescia or for a coffee in any of Malaga’s many smart cafes. 670 064 214 dreampropertiesnerja.com Contact Us Today!

Photo: Flickr CC

Parking an investment

OFFICES are the most profitable bricks and mortar investment for the small saver in Spain with returns of 12 per cent, double that of housing. Rents are between €8 and €22 per square metre, so the owner of a 300 square metre property can pocket up to €6,600 per month.

The real estate sector is one of the most profitable in the Spanish market, in which offices have now gained prominence after collapsing during the pandemic. Acquiring one to rent offers a profitability of 11.8 per cent, higher than that of residential property and other types of commercial premises according to data from idealista.

For those wanting to enter the market with a smaller investment, the profitability of garages in Spain closed 2023 at

over 7 per cent according to the study of, ‘The profitability of garages in Spain in 2023’, based on an analysis by the real estate portal Fotocasa.

“We have noticed that more and more individual savers are choosing this option, which requires a very low initial investment and the yield obtained is still the highest in real estate.

Also, because a garage space increases the value of an apartment, it is logical that demand is increasing as house buying remains intense. In addition, this type of investment tends to focus on periods of economic uncertainty like we have now, as it is perceived as low risk and gives the investor security,” explained María Matos, Director of Studies and spokesperson for Fotocasa.

WE are thrilled to announce the grand opening of our fourth office, right in the heart of Nerja! As your trusted real estate partner, we’re expanding our presence to better serve the vibrant community of Nerja and surrounding areas.

Located centrally in Nerja, our new office is poised to offer unparalleled convenience and expertise for all your property needs. Whether you’re buying, selling, or renting, our dedicated team of professionals is here to guide you every step of the way. At Competa Properties we pride ourselves on our commitment to excellence, integrity, and personalised service. With over a decade of experience in the local market, we understand the unique dynamics of the areas property landscape and are dedicated to helping you achieve your property goals.

From charming coastal villas to cosy townhouses and stylish apartments, we have an extensive portfolio of properties to suit every lifes-

tyle and budget. Our comprehensive approach combines industry-leading technology with a human touch, ensuring a seamless and stress-free experience for our clients.

Join us in celebrating this exciting milestone and discover why Competa Properties is the preferred choice for all your real estate needs in Nerja and along the Costa del Sol. Visit our new office today located at C/ San Miguel nº 8 and let us help you turn your property dreams into reality! C/ San Miguel Nº 8, Nerja 851 800 698 competaproperties.com

Are you considering making Southern Spain your new home ?

WHETHER you dream of sunny beaches, vibrant culture, or picturesque landscapes, Hansen Real Estate is here to make your transition seamless.

Established in 2012, Hansen Real Estate in southern Spain has been assisting people from families to investors in buying, selling, and renting properties along the entire coast of southern Spain.

Our business is founded on honesty and seriousness, boasting over 30 years of collective experience in the real estate industry.

When choosing to buy a property on the Costa del Sol or elsewhere in southern Spain, it is highly beneficial to have a real estate broker who is fa-

ABRACASABRA Real Estate is located in Canillas de Aceituno in the province of Malaga, the heart of Axarquia, Andalucia.

Our global presence combined with extensive local knowledge and professional guidance makes a big difference during your search for your place in the sun. AbraCasaBra Real Estate is at your side to make your dream come true in the sunny Costa del Sol, from Nerja to Estepona.

miliar with the areas, the culture, and, of course, the language. We will assist you with all aspects of property purchases, including mortgages, complete renovations, small improvements, internet installation, moving, and currency exchange.

If you have any doubts about which area is best for you, or if you have numerous questions regarding property purchase in southern Spain, do not hesitate to get in touch. We will listen and work diligently to understand and resolve any problems or issues you may have.

In our office, you will find Danish, Swedish, Norwegian, Spanish, German, and, of course, English-speaking members of the team, making us

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Our team of local property advisors with more than 20 years of expertise, tailor-made advice, our precise analysis of your needs, our flawless follow-up and administrative support for all local formalities guarantee that at AbraCasaBra Real Estate you buy the right townhouse, villa, finca, cortijo, luxury property, apartment or new build project in the right place and at the right price.

During the entire selling process, but also afterwards, we support you during your journey. Our network of influence

composed of architects, lawyers, various trades, decorators and insurers will participate in the realisation of your dream. We take care of everything, you enjoy! In case you want to sell your property or you are looking to realise your Spanish dream on the Costa del Sol, contact us today.

Calle la Fuente 11 29716 Canillas de Aceituno, Malaga +34 677 187 096

info@abracasabra.es abracasabra.es

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the ideal choice as your house-hunting specialists. Our team are very experienced within the real estate sector and specialise in finding you the ideal property.

Each year, we help over 40 families find their dream property on the Costa del Sol. If you need assistance, all you need to do is get in touch. If you are in the area, please visit our office and share your ideas, projects, and dreams.

Avenida Andalucia 64 - 29740 Torre del Mar, Malaga info@hansen-realestate.com Tel: 0034 952 541 794 hansen-realestate.com

SINCE the first interest rate hike by the European Central Bank (ECB) in 2022, the number of buyers who have bought a home without a mortgage has risen by eight percentage points.

In 2022, 27 per cent of buyers did not apply for a mortgage, by 2023 this had increased to 32 per cent and so far in 2024 the trend has continued to grow to 35 per cent, according to the latest survey by Fotocasa Research, based on more than 8,200 interviews, conducted in February 2024.

After two years of tightening credit conditions, both house hunters and

27% of buyers did not apply for a mortgage

house seekers are now well aware of the current high mortgage rate environment. It is therefore not surprising that the impact on homebuying intentions has eased slightly, although it remains at significantly high levels.

Nearly a half of potential home buyers between the ages of 25 and 35 confess that the rise in mortgages has impacted their property purchase intentions.

However, less than a quarter of those buyers over 55 stated that the rise in mortgages had any impact on their in-

tention to buy. Analaysis by real estate portal Idealista shows that foreigners represented only 5 per cent of the total mortgages granted in Spain in 2023. Finance for primary homes is the main requirement at over 70 per cent, while very few look for a mortgage for a second home. The British continue to lead the ranking of foreigners applying for mortgages, representing over 15 per cent of the total with Germany following closely.

Photo: Shutterstock Jupitersounds

Photo: Pexels CC

TORROX COSTA, a prime location on the Costa del Sol, is the perfect place to live or invest in property. At the heart of this paradise is Guido Bauer

S.L. a real estate agency known for its commitment, professionalism, and passion for finding the perfect home for each client. Established in 1999, our agency has been a market leader in Torrox Costa for years.

Who We Are

At Guido Bauer, our mission is to provide a personalised, high-quality service tailored to each client’s needs. Our team of highly qualified professionals, well-versed in the local market, are always ready to offer expert advice and innovative solutions.

What We Offer

We have a wide range of properties to suit all tastes and budgets,

including:

25th Anniversary: Discover your Perfect Home with Guido Bauer in Torrox Costa

Beachfront Apartments: Ideal for enjoying the sun and sea all year round.

Exclusive Villas: Featuring spacious gardens, private pools, and high-quality finishes.

Townhouses and Chalets: Perfect for families seeking comfort and space in a prime location.

Investment Properties: Unique opportunities for those seeking returns in the real estate market.

Comprehensive Holiday Rental Management

Our expertise in holiday rentals stems from a deep understanding of the needs of both property owners and tourists. For owners, we offer a full-service package that includes property promotion on high-visibility platforms, administrative management, and maintenance.

WHETHER you are searching for a sunkissed villa or a quaint Mediterranean apartment, navigating the vibrant real estate market in Spain, can be equally thrilling and daunting.

While the search for your dream Spanish property can be a lot of fun, the actual purchasing process can be a nightmare of admin and additional costs.

Property transactions in Spain often entail cumbersome processes, including the use of bankers’ drafts, which can lead to delays and hefty fees, in addition to multiple in-person trips to the bank. Currencies Direct

This ensures that each property not only retains its value but also provides the best possible experience for guests.

Our Commitment

We understand that buying or selling a property is one of the most significant decisions in a person’s life. That’s why we are committed to:

Listening and Understanding Your Needs: Taking the time to learn your preferences and goals.

Providing Transparency and Trust: Guiding you through every step of the process, ensuring all transactions are clear and secure.

Offering Comprehensive Service: From the initial search to the signing of the contract and beyond, we are with you every step of the way.

Client Testimonials

“Our experience with Guido Bauer was exceptional. They found our

Simplify your property journey with PropertyPay

understands the challenges that come with purchasing a property overseas, especially in a market as dynamic as Spain’s. That’s why we’ve introduced our game-changing new PropertyPay service, tailored to make the process smoother and more efficient for anyone buying or selling property in Spain.

With PropertyPay there is now a way to streamline the end-to-end payments process, eliminating the need for traditional methods and their associated hassles.

At its core, PropertyPay is a free, secure, and 100 per cent digital service that offers instant fund guarantees and disbursements between buyers and sellers. Unlike conventional methods that can take days to process, PropertyPay ensures that transactions are executed swiftly and efficiently, saving both time and money for all parties involved.

Imagine being able to bid adieu to the days of waiting anxiously for funds to clear or worrying about fluctuating exchange rates. With PropertyPay,

buyers and sellers can rest easy, knowing that their transactions are in safe hands.

Plus, with instant fund transfers* and disbursements, there’s no need to endure the usual wait times - your property dreams can become a reality faster than you ever imagined.

But it’s not just about speed and efficiency - it’s also about saving money. Property transactions can be costly affairs, with hidden fees and unfavourable exchange rates eating into your budget.

Whether you’re purchasing a picturesque villa in Marbella or selling a charming apartment in Barcelona, with PropertyPay, you can say goodbye to those unnecessary expenses and keep more money in your pocket where it belongs.

After all, every euro saved is a step closer to turning your Spanish property dreams into a reality.

Pop into your local Currencies Direct branch or contact propertypay@ currenciesdirect.com to find out more about PropertyPay and how it could

dream home and guided us professionally at every step.” - María and Juan Pérez

“Thanks to Guido Bauer we invested in a property in Torrox Costa which turned out to be an excellent decision. Their market knowledge is impressive.” - Carlos Martínez Contact Us

Looking to buy, sell, or invest in Torrox Costa? Guido Bauer S.L. is your trusted partner in the real estate market. Visit us at our offices or contact us through our communication channels.

Avenida Del Faro Bloque 76 Bajo, Torrox Costa, | 952 532 427 info@guidobauer.com guidobauersl.com

Discover your perfect home with Guido Bauer S.L. in Torrox Costa today.

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help save make significant savings whether buying or selling a property in Spain.

*The transfer of funds between buyer and seller can be instant if both have an account with Currencies Direct Spain, E.D.E., S.L

Visit us at our Spanish offices in Costa del Sol, Costa Almeria, North Costa Blanca and South Costa Blanca

Telephone UK +44 (0) 207 847 9400 Spain +34 950 478 914 euroweekly@currenciesdirect.com www.currenciesdirect.com

DID you buy a sofa at Ikea, a new sink at Leroy Merlin, or a queen-size bed for your new home and are struggling to get it there?

Are you moving from one place to another and need help? Look no further; I’m a man with a van, and I can help you out.

My name is Robert Boyle and my little business is called ROBERTO BRINGS IT

I have ‘been bringing it’ since I moved to Spain three years ago. Based in Caleta de Velez, I work both locally and across Spain.

As an experienced driver who served in the British Army and worked as an (inter) national lorry driver in Belgium, I bring reliability and professionalism to every job. I speak English, Dutch/Flemish, and German fluently, I can also make myself heard in

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-

French, and I am learning Spanish.

This multilingual ability ensures smooth communication with a diverse clientele.

Whether you need help moving furniture, transporting new purchases, or relocating, I’m here to assist.

For inquiries or to book a service, please contact me via WhatsApp on T. 633 303 560 visit my Facebook page, Instagram, or website www.robertobringsit.com, or email me at robertobringsit@gmail.com

Our dog Tula has become a welcome co-worker and security. Let me make your move or delivery stress-free and efficient with my reliable and friendly service.

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 po-

tential 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.

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The ‘Golden Visa’ effect

ECONOMISTS claim that the elimination of the ‘Golden Visa’, the Spanish nationality visas for foreigners buying a property worth more than €500,000, will not have a significant impact on a general drop in house prices.

The economic barometer of the province of Malaga reflects that, despite the fact that the government stated that the elimination of the ‘Golden Visa’ would mean restrictions on the purchase of housing by foreigners, “in our opinion the problem is different,” in relation to the fact that this segment “is aimed at homes worth more than half a million euros, that is, the luxury market,” they say.

Fotocasa, one of the most pro-

minent real estate portals, currently lists 6,014 second-hand homes and 57 new properties for sale in Axarquia. The listings range in price from €16,000 to €3.7 million, however of all the properties for sale less than 17 per cent are priced at over €500,000 and therefore would have qualified for the Golden Visa.

Rival web portal, Idealista, shows a similar picture with less than 20 per cent of all the properties listed for sale in Axarquia priced at €500,000 or over.

Unlike other areas on the Costa del Sol for instance where the majority of homes are valued in excess of half a million euros, in the Axarquia region over 80 per cent of homes are unaffected.

Photo: Flickr CC / PhotoLanda, Villa de Alcaucín, Comarca de La Axarquía