Property Supplement CBS 24 – 30 Oct 2024 Issue 2051

Page 1


SUNNY SALES

THE property market in Spain shows no signs of slowing down. And it’s easy to see why. Spain is a beautiful country, full of culture and a relaxed way of life. Tourists are drawn to its beaches, rich history, and stunning architecture. But it’s not just holidaymakers who benefit. Buying property in Spain offers both locals and foreigners a chance to enjoy the Spanish lifestyle.

With its world-class food, incredible landscapes, and cultural significance, Spain is perfect for those seeking adventure and unique experiences. Whether you’re buying a summer home or planning to live there permanently,

owning property in Spain promises joy and excitement.

Foreign property purchases in Spain increased by 1.8 per cent in the first half of the year, following two previous periods of decline. Foreign buyers made up over 20 per cent of all property sales, with British, Moroccan, and German buyers leading the way.

According to the General Council of Notaries, foreigners completed 69,412 property transactions in the first six months of the year, marking a recovery after a 10 per cent drop in late 2023. Sales to foreign buyers represented 20.4 per cent of the total, slightly be-

low the 2023 average of 21.1 per cent.

Of these foreign transactions, resident foreigners made up 58.2 per cent, a 4.2 per cent increase from last year, while non-resident foreigners accounted for 41.8 per cent, showing a 1.4 per cent decline.

Foreign buyers paid an average of €2,249 per square metre, up 7.4 per cent from the same period in 2023. Non-resident foreigners paid the highest prices (€2,895/m²), more than resident foreigners (€1,734/m²) and national buyers (€1,659/m²).

Prices for non-resident foreigners rose by 11.4 per cent, while resident

foreigners saw a 3.4 per cent increase. National buyers experienced a 5.3 per cent rise. Price increases were highest in Cantabria, the Balearic Islands, La Rioja, and Andalucia.

The most expensive properties were bought by Swedes, Americans, Germans, Norwegians, and Swiss, while Moroccans, Romanians, and Bulgarians paid the least.

Foreign property sales increased in 14 regions but fell in the Canary Islands, Balearic Islands, and Andalucia. The largest increases were seen in La Rioja, Extremadura, Castile and Leon, Asturias, and the Basque Country.

La Marina living

is

Divided into two parts, it offers a scenic old town and beach area, along with a modern residential development called La Marina Urbanisation, a bit inland. The town has beautiful sandy beaches that are spacious and uncrowded, even in peak season.

During the summer, La Marina comes alive with a beach resort vibe amidst protected pine forests. Beyond its natural beauty, the town offers various amenities and attractions for all tastes.

Market lovers will enjoy the local street markets, held twice a week, offering fresh produce and artisanal goods. La Marina has excellent road access, with major highways connecting it to

Alicante and Murcia San Javier airports, as well as nearby destinations. For those looking for a permanent home or holiday retreat, La Marina Urbanisation has everything you need, including shops, bars, green spaces, recreation facilities and restaurants within walking distance. Exploring the area is easy with a local bus service connecting the urbanisation to nearby attractions, including the pristine beaches just two kilometres away.

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IF you’ve been thinking about selling your property, there’s really never been a better time.

Every potential property seller dreams of a sellers’ market, and right now, that’s what we are seeing here on the Costa Blanca. We are experiencing unprecedented demand from buyers from all around the world, together with a limited supply of properties for sale. And with more buyers competing for fewer properties, this really is the right time for you to achieve the best price for your property in the shortest time possible.

In this current sellers’ market, the

opportunity to achieve a swift and profitable sale has never been better. With demand far exceeding supply, today’s property sellers have a unique window of opportunity to maximise their returns. By selling your property now, you too can take full advantage of the high demand.

And with Vistacasas by your side, you can be assured of enjoying a great selling experience.

Choosing to list your property with Vistacasas means you are partnering with a team of dedicated professionals committed to achieving the best possible outcome for you.

Our extensive market knowledge, innovative marketing techniques, and personalised service ensure that your property will stand out and attract serious buyers.

Don’t miss out on this golden opportunity. Act now and you too can sell your property in a red-hot market. Opportunities like this don’t happen often. The current real estate market is buzzing with activity, with high demand and limited inventory driving up prices. This sellers’ market presents a unique opportunity for homeowners to secure top dollar for their properties.

Selling with Vistacasas means you are bringing a wealth of experience and local market knowledge to the table. Our team of seasoned professionals understands the nuances of the current market and we employ datadriven strategies to position your property for maximum visibility and appeal. We will give a precise valuation together with a strategic marketing plan that ensures your home stands

out to serious buyers.

The time to act is now. This is an unparalleled opportunity to achieve outstanding returns on your property. Don’t miss out on this moment - list with Vistacasas and let us help you navigate this exceptional market to secure the best possible price for your home.

IF you only do ne great thing this autumn… make sure that it’s selling your property with Vistacasas!

Dont’ wait! Seize the moment and list your property with Vistacasas today. The market is ready, and so are we. Are you?

LA MARINA
a lovely little town on the Costa Blanca South, nestled between Santa Pola and Guardamar del Segura.

ALICANTE’S real estate market stands out from others in Spain for a few key reasons.

Located on the coast, Alicante offers a more affordable lifestyle and housing compared to big cities like Madrid or Barcelona, making it attractive to a wide range of people.

With its great weather, beautiful beaches, and a lifestyle that

Coastal Gem

about renting out homes for vacations.

mixes relaxation with fun, Alicante is a magnet for retirees, expats, and those looking for vacation homes, especially from northern Europe.

Looking at Alicante’s economy, there’s cautious optimism. The city has bounced back from

economic downturns before, like the 2008 financial crisis.

A mix of industries, like tourism, farming, and services, help keep Alicante’s economy stable.

Overall, Alicante’s economy and housing market look promising,

though they’re not immune to economic ups and downs. Compared to other parts of Spain, Alicante might be growing faster, especially in real estate, thanks to its popularity with tourists and international buyers.

The city’s lifestyle and

WELCOME to Alicante Dream Homes, your local, fully legal estate agent specialising in helping you find your dream home in Alicante and Murcia. With over 15 years of experience and three offices strategically located in the Alicante-Murcia area, we are committed to providing you with the best service possible.

Our extensive portfolio of properties showcases the diversity and charm of the local area, and as residents ourselves, we have personal knowledge of each and every property. This allows us to confidently address any questions or concerns you may have, ensuring that you are well-informed throughout the entire process.

At Alicante Dream Homes, your satisfaction is our top priority. We take the time to understand your unique needs and preferences, tailoring our services to exceed your expectations. Whether you are buying or selling a property, we are dedicated to guiding you through every step of the journey, providing expert advice and support along the way.

reasonable property prices make it appealing to many. For 2024, there don’t seem to be any major changes in government policies affecting real estate.

But it’s important to stay alert for any policy shifts that could affect property taxes or rules

Improvements in Alicante, like ongoing construction projects or efforts to spruce up neighbourhoods, could boost property values in those areas.

And since Alicante is a hot tourist spot, there’s a demand for short-term rentals, which can benefit investors.

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Don’t just take our word for it - check out our glowing reviews on Facebook and Google from satisfied clients who have experienced firsthand the exceptional service we provide. These testimonials attest to our unwavering commitment to professionalism, integrity, and customer satisfaction.

Alicante Dream Homes is more than just a business - it’s a family legacy. Founded by two British brothers, Gary and Mike, over a decade ago, our agency has since been passed down to the next generation. Today, it is proudly operated by father and son team Gary and Josh, who continue to uphold the values of honesty, reliability, and dedication instilled by their predecessors.

Whether you’re searching for your dream home in the sun-drenched landscapes of Alicante or the picturesque surroundings of Murcia, Alicante Dream Homes is here to make your real estate dreams a reality. Contact us today to discover how we can help you find the perfect property or assist you in selling your current one. With Alicante Dream Homes, your journey to homeownership begins here.

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Your One-Stop Shop for International TV & Security Systems AA FREE TV

MISSING the TV shows, sports, films, and soaps you know and love? It’s a familiar feeling for expats living abroad. But, with over 20 years of experience and based on the Costa Blanca, Pete and Steve are here to make sure you have all the entertainment you need, setting you up with access to TV channels from any country you like!

Whether you are a business needing multi-screen installations or you want to watch catch up on your favourite shows, English TV in Spain offers reliable installations as well as ongoing support for all your tv needs.

The experienced team specialise in

repairing and upgrading community systems, installing all the English, Spanish, German, French, Russian, Dutch and Nordic channels, including premium television. Say goodbye to loss of signal and grainy pictures for a fraction of the price of other providers.

Need your Android system updated? IPTV - the future of TV viewing. Access thousands of channels and keep up-to-date on the latest box sets, movies and sports with an easy-to-use system from the comfort of your home.

Forget about costly monthly payments with their free-to-air oneoff payment systems.

Never miss your favourite TV shows again! Get a quote from

Navigating the purchase of

SPAIN’S allure is undeniable - its sun-soaked beaches, rich culture, and affordable cost of living have long attracted expats looking to settle in a beautiful corner of Europe.

For many, buying a new-build property is a popular choice, offering modern amenities and the opportunity to tailor their new home to their tastes.

However, navigating the process as a foreign buyer can come with its challenges. Here’s a guide to help English-speaking expats in Spain understand the key steps and considerations when purchasing a new-build property.

Why choose a new-build?

Opting for a new-build property has several advantages. Firstly, you’ll have access to modern construction standards, which means better energy efficiency and high-quality materials.

Many developers in Spain also offer a degree of customisation, allowing you to select finishes and layouts that

English TV in Spain, offering the best prices for international television.

SECURE YOUR HOME FROM YOUR PHONE - WHEREVER YOU ARE

Ensuring our homes, possessions, pets and loved ones are safe can be time consuming. With Safe and Simple Alarms, Pete and the experienced team offer you peace of mind wherever you are with no monthly costs and tailored exactly to your needs.

Starting from just €249, Safe and Simple Alarm systems are designed to effortlessly safeguard you and your loved ones with round-the-clock security and protection. Customise your systems by incorporating exterior and interior cameras that not only record but instantly notify

a new-build property in Spain

suit your lifestyle. Additionally, newbuilds often come with warranties from the developer, giving you peace of mind when it comes to potential structural or technical issues.

Another key benefit is the community aspect. New developments in Spain often feature shared amenities such as swimming pools, gardens, and gyms, fostering a sense of community among residents.

The buying process

Purchasing a new-build in Spain differs from buying an existing property, particularly in terms of timing. Here’s what to expect:

1. Reservation and Deposit

Once you’ve found a property, the first step is to reserve it by paying an initial deposit. This secures the property and takes it off the market while you move forward with the purchase.

2. Signing a contract

After reserving the property, you’ll sign a purchase contract. At this sta-

ge, a percentage of the total property price, is due. It’s crucial to have an independent lawyer review the contract to ensure all legal aspects are covered and that your interests are protected.

3. Completion and handover

The final stage involves completing the purchase when construction is finished. You’ll pay the remaining balance, and the property will be officially handed over to you.

Throughout the process, it’s important to keep in mind the associated costs. Besides the purchase price, you’ll need to budget for additional expenses such as legal fees, taxes, and notary costs.

Getting the most for your money

If you’re buying a Spanish newbuild, chances are you’ll need to transfer money overseas to cover the cost.

While you move your money through your high-street bank, you could make significant savings by transfe-

upon the detection of intruders. With rapid message forwarding within seconds of a breach, you will stay informed and in control.

Take your security up a notch, add video doorbells and external 100-decibel flashing siren for an extra layer of security. Special offer if you mention this advert when contacting PETE. Receive an Indoor Camera worth €80 for €40 with twoway voice action

Based in Torrevieja, Pete and the team are your one-stop shop for your television and security needs, offering reliable and cost-effective solutions.

Remember PETE has been in Spain 20 years. Call 606 297 825, or visit www.englishtvinspain.com

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rring your funds with Currencies Direct

With Currencies Direct, not only will you benefit from excellent exchange rates and no transfer fees. We also offer PropertyPay, a free, secure and fully digital service that streamlines property completions and eliminates the need for bank visits.

Whether you’re in the early stages of planning or ready to buy, Currencies Direct can support you throughout the process, ensuring your currency transfers are smooth and stress-free.

Learn more by popping into your local Currencies Direct branch (we have more than 20 branches scattered across Spain) or email us at spain@currenciesdirect.com.

At English TV in Spain we can o er you TV from almost any Countr y. All your favourite channels plus spor ts, movies, k ids, documentaries of 1000´s box sets

On demand free trials 12 hours or buy a month from as little as 15€ Some systems have catch up included: 1,4, 7 and 28 days… your choice! Android and sticks also available

Other systems available

Talk to us, we have been here 20+ years helping all nationalities receive their home T V at a ordable prices!

English, Spain, USA, Belgium, French, Nordic, Italy, Netherlands

Talk to us NOW, we have want you need, you wont be disappointed!

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Spanish Number Plates, putting you on the right side of the road

SPANISH NUMBER PLATES has successfully registered over 3,500 vehicles in the past 12 years. The team handles the entire Spanish registration process of all types of foreign vehicles from start to finish right down to the installation of the number plates on your car. They will also process the paperwork for the transfer of ownership of Spanish registered vehicles when you buy or sell in Spain.

Run by Leigh Blann and located in the Vega Baja area their focal regions are Alicante and Murcia, although they do re-register vehicles across the entire Spanish Peninsular and the Balearics.

Customer satisfaction is paramount to Spanish Number Plates, which prides itself on delivering exceptional, rapid, and professional service. They are a One Stop Shop. Working with a team of legal experts, mechanics, engineers and insurance professionals, they manage the whole process for you from start to finish.

Why re-register? If your inspection or

road tax is due to expire or has expired, re-registration may be the most viable option rather than returning to the country of registration. If your vehicle remains in Spain for over six months, Spanish registration becomes mandatory. If you are a resident of Spain, you must have the vehicle re-registered as soon as possible.

Their website at www.spanishnumber-plates.com is simple and easy to use, just enter your name, email and phone number on their home page or fill out your vehicle details in the quote section and one of the team will get back to you, alternatively you can WhatsApp them on +34 671 608 503.

With a high percentage of referrals, Spanish Number Plates offers an exceptional service, backed by years of experience and high client satisfaction. Whether it’s cars, motorcycles, motorhomes, caravans, or trailers, they are equipped to assist. Reach out to them today and let them put you on the right side of the road.

Mon - Fri - 9am-8pm • Sat - 10am-2pm www.spanish-number-plates.com • info@spanish-number-plates.com

+34 671 608 503.

Outshining competitors

THE luxury real estate market in Spain outshines its neighbouring competitors, showcasing steady growth across all 50 provinces of the country.

While the Balearic Islands, Madrid, Barcelona, and Malaga collectively represent 70 per cent of prime properties, Alicante’s luxury real estate sector has seen remarkable growth,

averaging a 25 per cent annual increase over the past three years.

Consequently, Costa Blanca has emerged as a preferred destination for million-dollar investments.

Property prices in Alicante are relatively lower compared to Madrid or Barcelona, with the average luxury home costing above €2 million.

In terms of market values, property prices vary based on segment and location.

Premium homes typically range between €1.5 and €3 million, while luxury homes command prices between €3 and €10 million, with super-luxury properties exceeding this range.

The average cost per square metre stands at €3,900, with Alicante boasting the highest market value at approximately €5,085 per square metre.

Photo: VAlekStudio

THE Mediterranean climate is perfect for growing a variety of ornamental trees and shrubs that can enhance the beauty of your garden while providing much-needed shade.

Olive trees, though they can be quite pricey, are a favoured choice for many gardeners.

Even if they don’t bear fruit after being transplanted, their presence alone adds value to any garden.

Similarly, mulberry trees are an excellent option, especially in eastern and northeastern Spain, where they thrive in the local climate and offer substantial shade.

On the Costa Blanca, shrubs and plants can stand out.

Hibiscus, with its bright and bold colours, can bring life to your garden, while deep purple bougainvillea cascading

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Your trusted locksmith in Costa Blanca and Costa Calida

Your Spanish garden

over a wall creates a dramatic visual effect.

In the warmest areas, bougainvillea can even bloom during winter, adding colour to the cooler months.

For gardeners in the Costa Blanca’s cooler areas, there are also plenty of colourful options throughout the year.

Pansies are perfect for brightening up a winter window box, and in spring, primulas bring vibrant hues.

Additionally, planting bulbs like daffodils and hyacinths, which are rea-

dily available at garden centres and supermarkets, can provide beauty before the summer heat arrives.

Geraniums, often seen on Spanish windowsills, are a staple in many gardens.

Along with pelargoniums, they can offer bright colours year-round if kept in a sheltered spot.

Another resilient plant, Lantana, known for its yellow flowers, can handle both heat and drought, making it a practical choice for gardens across the Costa Blanca.

UNLOCKED is quickly becoming the top choice for locksmith services in the Costa Blanca and Costa Calida regions, thanks to its commitment to customer safety and security.

The company offers a wide range of locksmith services, including 24/7 emergency callouts, lock changes, and master key systems. They prioritise professionalism and reliability in everything they do.

One important recommendation from Unlocked is to change the locks when you move into a new property or after tenants leave. This step is crucial to prevent unauthorised access, as not all insurance companies will cover losses if a spare key has been used to enter your home.

Unlocked provides a variety of locks to fit any budget, including non-copyable key systems for extra peace of mind.

What sets Unlocked apart from other locksmith services is their 24/7 availability. No matter the time of day, they are ready to help.

The team of skilled locksmiths stays up-to-date with the latest industry

trends and techniques, ensuring clients receive the most secure and modern solutions.

Unlocked is also known for its outstanding customer service, emphasising clear communication and quick response times. Their mission is to provide high-quality locksmith services that build trust and offer peace of mind, making Unlocked the go-to choice for both residents and businesses in the region. Unlocked serves a large area, based in Orihuela Costa and covering locations from Gran Alacant in the north to Torre Pacheco in the south.

Don’t hesitate to contact the Unlocked team today. Visit their website: getunlocked.es, email: hello@getunloc ked.es, or call (+34) 653 551 155

Image: Shutterstock.com

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