WEEKEND WORLD NEWSPAPER - PROPERTY SUPPLEMENT

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Issue 20 May 26 - June 8, 2016

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WEEKEND WORLD PROPERTY SUPPLEMENT - 1

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2 - WEEKEND WORLD PROPERTY SUPPLEMENT

Issue 20 May 26 - June 8, 2016

PROPERTY NEWS Why Buy in Spain?

Spain has a great variety of landscapes, from mountains and lakes in the north to sandy beaches, olive groves and vineyards in the south. The drive from Burgos in the northwest to Malaga in the south-east takes you through so many different panoramas; you could be forgiven for thinking you are driving through several different countries. For years the south-eastern Mediterranean coast has been one of Europe’s most popular holiday destinations and is the place of choice for most British second homes. However, in recent years the north-west (Galicia) with its craggy shores on the Atlantic is attracting a large amount of attention amongst buyers looking for more rural retreats away from the tourist hubs of the Costas - at more sensible prices.

Only in the last two or three decades, and since Spain’s entry into the European Union, have things really begun to move ahead and to modernise. For those who live in the countryside however, life remains quite traditional and unchanged, blissfully so to visitors who look back to a more intimate and unspoilt village life that is long past in most countries.

People are also attracted by the relaxed and slower way of life in Spain and the culinary delights like paella and tortillas are legendary... and affordable. Overall, there are loads of reasons that Spain is the number one destination for Britons buying abroad.

Legalities Based on news stories about property buyers in Spain having their property demolished, I think it’s safe to say that buyers now realise that it’s not only imperative to get a solicitor, but it’s absolutely necessary to get a good solicitor.

Another vital factor is that you need to find a solicitor who is independent from the estate agent, developer or company showing you the properties, so that you know the solicitor is working for you and not the property professional. Some solicitors may draw up a contract of sale which is in favour of the estate agent (or end seller), and the reason behind this is quite disingenuous. By safeguarding the agent the solicitors will be assured of retaining their valuable business. Compare your one transaction to the many the solicitor stands to gain from the agent or developer and you will understand the clear conflict of interest here.

Getting Started Buying a property and living in Spain is straightforward if you are a national from another EEC (European Economic Community) country. If however, your nationality falls outside the Euro zone you may be able to buy a property but there might be time restrictions as to how long you can stay in the country. Furthermore, there are certain guidelines as to work

permits for non EEC nationals. You can find out information pertinent to you by accessing the Spanish Embassy website or through a variety of internet websites. There are also specialist emigration organisations that will often do a free consultation letting you know your options.

Finance In Spain purchase costs could be 10%+ over and above the purchase price and when considering the dramatic changes in currency exchange rates, this percentage could climb much higher. So, if your property price is £100,000 it could cost £110,000 (or more) by the time you complete and take possession of the property. It’s important from the start that you clearly understand how much a property will cost you as this will determine what price range you can look at.

While researching the Internet, attending property trade shows and emailing estate agents, start to investigate what

is included in the property price versus what gets added on. In Spain the purchase price includes the estate agency fee (usually 5%, but nowadays maybe 3%). For all property and land, 10% of the purchase price is paid as a transfer tax that goes to the Spanish Treasury. In addition, there are notary fees and a land/property registration fee, which varies according to the purchase price of the property. Also consider solicitors and mortgage fees. Solicitors usually charge 1% of the purchase price + VAT at 21%.

Make sure that you have done your homework and that you are using a reliable and trustworthy solicitor. This may include asking for personal referrals - and these must not include your developer or agent - or using specialised Spanish websites. If the solicitor does not fully comprehend English or you have any reservations at all - move on and find someone else. Your solicitor will review the sale agreement, verify titles, and carry out other checks to ensure that you’re protected.

They, or a notary, may be responsible for paying any taxes and registering the property with the land registry if this is required. Charges vary for legal and notary services but can cost around 1% to 2% of the sale value of the property. In Spain the cost is determined by the government.

You need to bear in mind that the legal system in Spain may not work in your favour if trouble strikes, so it is of paramount importance that you hire qualified people who can ensure that you do not have to take legal action. Don’t put yourself in the position of needing legal redress. You may have the law on your side but the legal system abroad can keep you tied up for years and cost a fortune. Make sure you - and your solicitor - get it right from the start and the purchase will move forward easily, most purchases in Spain do, you only hear about those that don’t.

LUXURY HOUSING LUXURY IN

MADRID AND COSTA DEL SOL

M O R E

T H A N

1.121 m2

4 . 0 0 0

5 bed

E S TAT E S

5 bath

I N

G I L M A R . E S

- parking

338 m2

3 bed

3 bath

2 parking

300 m2

3 bath

5 bed

3 parking

Casasola

Selwo

DETACHED HOUSE

DUPLEX PENTHOUSE

Beautiful Andalusian style villa of 1121 m² of housing and 2672 m² of plot, with 5 bedrooms and 5 bathrooms, in exclusive area in Casasola.

Beachfront penthouse duplex with fantastic views, of 340 m² with 3 bedrooms and 3 bathrooms located in one of the best and most exclusive developments in Costa Del Sol.

The house has 300 m2 spread over 2 floors with a plot of 1000 m2. It has 5 bedrooms, 3 bathrooms, spacious living room with fireplace, fully equipped kitchen, covered porch, terrace, beautiful garden, large pool and parking for 3 cars.

3.800.000 €

1. 350.000 €

780.000 €

250 m2

Ref. web: 90917

3 bed

3+1 bath

200 m2

2 parking

Marbella East DETACHED HOUSE

Ref. web: 94557

3 bed

- parking

4 bath

127 m2

Ref. web: 53448

2 bed

1 parking

2 bath

Golden Mile

Nueva Andalucía

Nueva Alcántara

Spectacular apartment located in a luxurious gated complex frontline golf, in the Golden Mile. It has 200 sqm plus 50 sqm of terrace, a spacious living room, open kitchen, guest toilet and 3 bedrooms en suite, master bedroom with dressing room.

Duplex newly refurbished in Marbella, Puerto Banus near the beach with excellent views from the topfloor. Of 200 m² with 3 bedrooms and 4 bathrooms.

Nice apartment next to the promenade of San Pedro de Alcantara, Marbella. Of 127 m² with 2 bedrooms and 2 bathrooms. The property is in a gated community and is one of the best located for the orientation it has and the afternoon sun.

695.000 €

600.000 €

515.000 €

DUPLEX

APARTMENT

275 m2

Ref. web: 87411

4 bed

4 bath

191 m2

1 parking

APARTMENT

Ref. web: 94031

2 bed.

2+1 bath

2 parking

106 m2

Ref. web: 95487

2 bed

2 bath

- parking

Sotogrande

Marbella East

DUPLEX

APARTMENT

Spectacular duplex of 275 m² with 4 bedrooms, 4 bathrooms, private garden and private pool, located in the Marina of Sotogrande.

Luxury apartment located in a beautiful urbanization in Rio Real, only 5 minutes from the beach and town. It has 135 m2 plus 56 m2 of terrace. Spacious living room, fully fitted kitchen, 2 bedrooms, 2 bathrooms, guest toilet, nice sunny terrace.

Impeccable ground floor apartment opposite the prestigious La Quinta golf course. Of 106 m² with 2 bedrooms and 2 bathrooms. It is located on the hill side behind of Puerto Banus Marina.

480.000 €

395.000 €

165.000 €

Ref. web: 96519

For more information: Go to Gilmar.es and enter the web reference in the search and you will have detailed information on the estate.

Benahavis APARTMENT

Ref. web: 94980

Ref. web: 95485

ESTEPONA

PUERTO BANÚS

MARBELLA

Avda. de España, 190 estepona@gilmar.es

Plz. Antonio Banderas, 6 banus@gilmar.es

Avda. Ricardo Soriano, 56 marbella@gilmar.es

952 80 85 70

952 866 800

952 86 13 41

While we try to ensure that prices shown here published are accurate at all times. we can not be responsible for typographical errors or any other that may appear on the site. If the published price of a home is incorrect CONSULTING INMOBILIARIO GILMAR is only responsible for the price you have signed with ownership of the property in the corresponding sales order, which we will try to conveny at the time of recognition of the error. Prices may be subject to cahnge without notice.

New Aloes Gibraltar

WORLD CLASS LUXURY IN THE MEDITERRANEAN

Stunning Views from Dusk till dawn New Alones is a world class award-winning contemporary home that showcases breath-taking views over the Strait of Gibraltar towards Spain and deep into the Rif Mountains of Africa.

Built on the site of a former Ministry of Defence building of the same name, New Aloes is a substantial 21st century home of 9,526ft² with 4,402ft² of terraces and 6,243ft² of garden.

This bespoke designed mansion has 7 bedrooms, 6 bathrooms, premium quality kitchen and bathrooms, garage park-

info@sunsearchhomesinternational.com

ing for 10 cars, pool spa and a Jacuzzi set amidst verdant landscaped gardens.

Superb Interior Design New Aloes has been designed to maximize the stunning views from all the living areas. The spacious kitchen with vistas towards Spain and Morocco is dominated by the 7 metre all in one Krion preparation-dining island. Clever use of space means that the 1237 square feet living room is divided by a smokeless, odourless bioethanol fire sunk into a black granite hearth.

952 880 844

New Aloes offers luxury, privacy and endless space

The raised dining area has a beautiful English oak floor while the living area is Travertine marble with underfloor heating. A quiet library/study zone is separated from the living area by sliding glass panels.

The seven bedrooms are distributed throughout the house to ensure privacy, while the master suite has panoramic views, a private terrace, a rotating super king bed, walk in wardrobe and an open wet room.

Outside Living With 5381 square feet of landscaped gardens and 4402 square feet of terraces on various levels and with different orienta-

info@sunsearchhomesinternational.com

tions, New Aloes provides an opportunity to enjoy the wonderful climate of Gibraltar from dawn to dusk.

A black river stone waterfall flows through the garden towards a thatched Tahiti style chill out bar. Below is a circular 2 level pool with Jacuzzi effect jets. This pool connects via a shallow stream to the main infinity edge heated swimming pool. A spa terrace on the 2nd floor has a heated spa pool containing sculptured mosaic beds facing perfectly south west for the African sunsets. A stainless steel channel sends a cascade of water tumbling into the pool below.

Price ÂŁ10.9 million (GBP)

952 880 844

6 - WEEKEND WORLD PROPERTY SUPPLEMENT

Issue 20 May 26 - June 8, 2016

Are you Considering Building Your

DREAM HOME

We all dream of building our own home and with an abundance of television shows such as ‘Grand Designs’ and an array of magazines and newspaper editorials that detail ideas for inspiration, processes and show success stories for people that have done it suddenly the idea doesn’t seem so daunting.

If you are considering taking the plunge into the building world, here are a few considerations that you should bear in mind.

Issue 20 May 26 - June 8, 2016

WEEKEND WORLD PROPERTY SUPPLEMENT - 7

Plan a budget and stick to it First and foremost - The management and cash flow of your building project is crucial if you want to have a successful building project. Many building projects fail simply because people run out of cash. Before you start your building project ensure that you have enough cash reserves to finish the project, if you are working with a financial institute who is releasing cash as and when parts

of the project are completed ensure you sit down with your architect and builder to devise a workable schedule.

Employ a project manager, yes this will cost you but in the long run a good project manager is worth its weight in gold as they will ensure the builder and tradespersons are working efficiently.

8 - WEEKEND WORLD PROPERTY SUPPLEMENT

DIY vs. Builder It may initially seem like a cheaper and easier option to do it yourself until you actually start doing the work and mistakes begin to happen. While no mistake is ever intentional it is worth considering that any mistake no matter how big or small will need to be fixed and this will cost you and in some cases could cost an awful lot. In addition you will also need to consider the red-tape of local councils and environment officers, building a house is not as easy as you may think today there are a lot of building regulations to consider. If after weighing up these points you decide to use builder then you MUST research – today so many people get stung by “cowboy builders”.

Ask your local council for recommendations, speak to friends and above all demand whatever builder you choose he provides you with previous clients details so you can verify his credentials.

Your building project may be one of the biggest investments in your life so it’s essential that you safeguard your investment by getting the right contracts, warranties and insurance in place.

Ensure your builder holds a valid insurance policy, and if you’re doing it yourself get a self-build insurance from either your financial lender or providers such as Self-Build Zone or BuildStore.

Plan your purchases It is important to make sure that you have selected the right materials for building your property. It is also important that you budget for the correct amount of materials that you will use in your building project. Ordering too many unnecessary materials can easily blow your budget and can put a hold on your building project if not enough materials are readily available.

Get your paperwork in order

Try to be green in your approach

Your finances are in order, you decided on either doing it yourself or hiring a building now is the time to get going! But before you progress its crucial to make certain you have the appropriate consents to build, including planning permission, building control approval and any special permissions (such as conservation area consent).

We can all do our part to help the environment during the building process and for the finished result of the home. Aim to be as green friendly as possible. Some tips include:

Issue 20 May 26 - June 8, 2016

Issue 20 May 26 - June 8, 2016

WEEKEND WORLD PROPERTY SUPPLEMENT - 9

Common home building mistakes Ensuring your dream home doesn’t become a house of horrors is simply down to the planning and detail. First time builders will always run in to problems but here we highlight a few of the most common to help you avoid any disasters.

Changing the plans Once the architect gets the engineer’s seal of approval any changes made after that can throw the whole project off and trigger a domino effect of problems and costs. For example, wanting to move a doorway, may sound simple but the current position could be supporting a beam which if moved would mean that this part of the house would need to be fitted with an alternative support. In this case, the engineer may need to revise drawings to accommodate the change – which adds up in time and cost.

Water conservation Try to take measures where you can to reduce the amount of water being consumed onsite.

Where water is necessary for the building project, seek to use recycled water (such as rainwater). Additionally, when you’re building the property look at ways to incorporate rainwater (or recycled water systems) into the home especially for use for irrigation systems and water gardening. You’ll be amazed how much you can save.

Energy conservation Artificial lighting is a factor that we cannot get away from, however aim to use energy conservation bulbs in your finishes and where possible make use of natural light, ask your architect about installing light tunnels and sun pipes into darker areas of the home. Skylights and shutters are also another brilliant way to bring light into the home and combined with the use of smart systems it will conserve energy and help the environment too.

Think smart Smart homes are fast becoming a popular trend. Where you have the opportunity to integrate smart technology into the new home, consider it. It should help to improve the perceived value of the home and will also help to reduce ongoing running costs.

Make sure your planning sessions with your architect produce a plan that is exactly what you want and need in terms of space and layout for your new home.

Cutting corners Even if you are working within a tight budget cutting corners on design and materials does not make economic sense to. Do not cut corners on the fundamentals of your build such as bricks, roof tiles and windows because you want to save money for internal fittings as the old adage says “ you pay for what you get” and replacing a roof in a few years will costs an awful lot more than internal fittings

Paying up front This is a big no-no. Paying builders in advance is one of the most common mistakes. If a builder doesn’t trust you enough to start work without cash up-front, you shouldn’t t trust them either. Set up terms and pay when different stages of the work are completed.

Alternatively register funds with a third party such as a lawyer who can release funds at designated stages.

James Stewart in association with Savills C/ Sierra Bermeja, s/n, Ed. Ayala 1, Pueblo Nuevo de Guadiaro, 11311 - Sotogrande, Cádiz T +34 956 795 300 M +34 628 574 953 info@js-sotogrande.com www.js-sotogrande.com

VALDERRAMA - Sotogrande ALTO - TOWNHOUSE 4 bedrooms • 4 bathrooms • 593m2 built • e1,575,000 This beautiful townhouse is located in the prestigious Los Patios de Valderrama community next to the Real Valderrama course. The property is spacious with generous size rooms and with an indoor patio which brings a lot of light into the house. On the garden level is a very large living area, kitchen and en-suite bedroom. Above there is the large master suite and further en-suite bedroom.

On the lower floor there is a formal dining room with adjoining kitchen, ensuite bedroom and laundry/utility room. There are various outdoor areas; central courtyard on the garden level, very private terrace and garden and finally a very pleasant further courtyard on the lower level with a great covered chill out/ outdoor dining area. Air conditioning throughout and garage.

GAUCIN - FINCA 5 bedrooms • 5 bathrooms • 942m2 built • 27 hectares of land • e1,850,000 This is a unique opportunity to acquire a truly spectacular charming estate situated in the most beautiful location at the crest of the Jimena Valley. A secluded retreat, afforded by a rural location with stunning uninterrupted views stretching to Gibraltar and as far as North Africa’s Rif mountains. The world famous Cortijol comprises of an impressive entrance hall, Fine Reception Room, Dining Room, Covered Terraces for Summer Dining, Fully Fitted kitchen

especially designed for professional use, Sweeping cantilevered staircase to: Master Bedroom Suite with Sitting Room, Dressing Area & Bathroom, 4 Further Bedroom Suites. Other amenities include: Full size Billiard Room, Bodega, Office, Storage, Laundry Room, Lock Up Garage for 2 Cars, Cold Store, a full size tennis court, landscaped gardens and a secluded swimming pool.

James Stewart in association with Savills C/ Sierra Bermeja, s/n, Ed. Ayala 1, Pueblo Nuevo de Guadiaro, 11311 - Sotogrande, Cádiz T +34 956 795 300 M +34 628 574 953 info@js-sotogrande.com www.js-sotogrande.com

VALGRANDE - Sotogrande ALTO - DUPLEX PENTHOUSE 4 bedrooms • 4 bathrooms • 321m2 built • 155m2 TERRACE • e950,000 Excellent duplex penthouse in the popular Valgrande gated community in Sotogrande Alto. This apartment consists of a large living/dining room, kitchen with utility area, 4 en-suite bedrooms (2 on each floor), guest cloakroom and storeroom. The highlight is the wonderful sunny terraces on both floors with automated wind sensative awnings and plenty of space for entertaining. There

is a piped music system installed. Access is via an elevator straight into the main floor from the underground car park or pedestrian level. Included in the price are 2 parking spaces and a large lockup store in the communal area.

Valgrande has 24h security, external swimming pools, gym, Spa with interior lap pool, lovely communal gardens and putting green.

SOTOGRANDE COSTA - VILLA 6 bedrooms • 7 bathrooms • 1179m2 built • 3003m2 PLOt • e3,450,000 Superbly finished modern style villa on a quiet cul-de-sac in Sotogrande Costa.

Entrance is via an impressive double height entrance hall leading through to a spacious lounge with vaulted ceiling. A semi-op en plan hallway separates the dining room and TV snug which leads you to a very large family kitchen. The villa offers 7 en-suite bedrooms spread across its three floors all with French windows. It also comprises of a large loft room with cloakroom, study, child’s

playroom, teenager lounge, a great cinema room, gym area, laundry room, interior lap pool with Jacuzzi and double garage. All floors are connected via private elevator. Externally the villa presents excellent outdoor entertaining areas include a lovely covered terrace with retracting glass curtains, a garden casita with full kitchen and dining area and Mediterranean garden with waterfall created from the infinity edge of the pool above.

Haute craftsmanship for those with an appetite for extreme luxury.

LUXURY SAFES HYPER LUXURY

LUXURY SAFE

MILLIONAIRE GOLD W W W. L U X U R Y S A F E S . M E

Issue 20 May 26 - June 8, 2016

WEEKEND WORLD PROPERTY SUPPLEMENT - 13

9 TIMELESS VILLAS T H E M O S T LU X U R I O U S P RO J E C T O N I B I Z A

For a full brochure visit: www.globalluxuriousproperties.com / www.capblancibiza.com

GLOBAL LUXURIOUS PROPERTIES team of professional estate consultants

T: +31 (0)-15-2630195 info@globalluxuriousproperties.com www.globalluxuriousproperties.com

d e v e l o p m e n t www.capblancibiza.com

T. +31 (0)20 471 57 83 info@minerva.nl www.minerva.nl

Jamena Construccioness turns your ideas and projects into reality

The quality of our building work, professional ethics, dedication and commitment to the clients and, of course, the enthusiasm that we bring to every new project are the core value of our company.

As a result of the latest technologies, innovative architecture allows us to complete every project with functionality and energy-efficiency, giving our clients the maximum comfort.

Our team is the most valuable asset of the company, consisting of more than 50 full-time professionals and a consolidated group of subcontractors and suppliers that allows to complete all our projects with the guarantee of the highest standards of execution.

Over 30 years of continued business ensure the fulfilment of all the contracts on time and on previously agreed budget.

C/ Guadalmansa, 1. Cancelada. Estepona (Mรกlaga) TEL +34 952 888 445 FAX +34 952 888 446 www.jamena.com

16 - WEEKEND WORLD PROPERTY SUPPLEMENT

Issue 20 May 26 - June 8, 2016

SPAIN STARTS BUILDING AGAIN After a five year property slump which saw property prices drop by nearly 40%, purchases decreasing and new construction of properties grinding to a halt, developers are starting new projects once again and positivity is high for the long term future of the property market.

F

igures from Eurostat reveal that activity in the construction sector in Spain increased by an impressive 14% in the first month of 2016. Construction has been increasing since 2014 when only 35,000 new homes were started, to close to 50,000 last year and expectations are that this total will rise significantly during 2016.

During a recent CBRE survey of leading figures in Spain’s construction industry, the majority of participants predicted that the number of new properties will be more than double that of last year, with some believing that as many as a quarter of a million new homes will be started

in 2016. If these predictions are correct, it will be great news for the construction sector, Spain’s economy and the discerning foreign buyers looking for quality properties.

These new build properties offer an excellent, affordable option for getting into the Spanish property market whilst prices are still low. Real estate agent RE/MAX Top Homes in Marbella has said that they are impressed by the quality of the new homes being built and the value that they are offering buyers. Sales Director Gary Oliver commented “It’s great to see developers building again on the Costa del Sol. Due to building regulations and property laws now being

strictly enforced, the quality of the projects is significantly higher than prior to the crash. Buyers can expect to see a lower building density, higher specifications, better quality materials and cool contemporary designs”.

Gary also adds, “These higher quality off-plan developments now offer buyers the chance to invest wisely in Spanish property while the market is low, giving buyers an excellent long term investment opportunity and a beautiful property. A great example of the new breed of offplan developments is the Belaire development of contemporary apartments on the New Golden Mile near Estepona. This scheme comprises of 63 contemporary 2, 3 and 4 bedroom apartments and luxurious penthouses. The development is located just 400 meters from the beach and includes a swimming pool, sea views from the 1st floor apartments, landscaped gardens and parking. The development embodies exclusivity, quality and modern architecture in a unique setting and prices start from just €244,000.”

For more information on Belaire and the other exciting new developments on the Costa del Sol contact RE/MAX Top Homes by emailing gary@remaxtop.es or visiting the website www. remaxtop.es

Your Costa del Sol Property and Holiday Rental Specialist

STYLISH 3 BEDROOM 3 BATHROOM VILLA IN SANTA CLARA, MARBELLA 3 bed | 3,5 bath | 220m2 built 100m2 terrace | 283m2 garden Ref R2443622 | Price €545.000

RE DU CE D

Call us on (0034) 952 850 328

This semi detached villa is tastefully decorated with a brand new kitchen and modern bathrooms. The bright living areas open onto the spectacular terrace that has breathtaking views of the golf course and mountain. All the bedrooms are en-suite and the master bedroom has a private terrace and an impressive walk in closet. The urbanisation has a large communal pool and 24 hour security.

STUNNING 2 BEDROOM 2 BATHROOM APARTMENT IN VENTURA DEL MAR, PUERTO BANUS, MARBELLA 2 bed | 2 bath 193m2 built | 40m2 terrace Ref R2498444 | Price €850.000 This south facing, beach front ground floor apartment has amazing sea views from the terrace and the living areas and has direct access to the beach.

The living and dining area open onto a covered terrace and the private garden.

This exclusive complex offers tropical gardens, swimming pool, gym and 24 hour security.

EXCLUSIVE 3 BEDROOM 3 BATHROOM VILLA IN EL ROSARIO, MARBELLA 3 bed | 3 bath 270m2 built | 1000m2 plot Ref R2660810 | Price €1.150.000 This beautiful detached villa is located in the highly sought after urbanisation El Rosario in the eastern part of Marbella.

Designed to the highest standards the luxurious villa is open plan and beautifully decorated. The spacious living and dining areas lead onto the spectacular terrace and private swimming pool and gardens.

Are you looking to sell your property or to rent short term or long term? We offer you our professional experience.

Call us for an appointment, without any obligation.

Urb. El Rosario, Calle Rosmari 2, 29604, Marbella, Malaga | T: +34-952850328 | M: +34-654165465 | E: info@freehomeestates.nl

www. freehomeestates.com

Your Costa del Sol Property and Holiday Rental Specialist Call us on (0034) 952 850 328

STUNNING 4 BEDROOM, 4 BATHROOM VILLA IN ELVIRIA, MARBELLA - â‚Ź1,299,000 - Ref: R2594756

This outstanding modern villa is located in Elviria within a 2 minute drive to the beach and 10 minute drive to the centre of Marbella and boasts spectacular panoramic sea views and of the beautiful Marbella mountains.

master bedroom on the top floor has an exquisite bathroom, private dressing room and terrace with breathtaking views, where on a clear day you can even see across to the coast of Africa and Gibraltar.

The bright, open living areas have direct access to the large terraces and private salt water infinity swimming pool. There is a second living room with access to the terrace and pool that can be used as you wish. All around the villa are landscaped gardens.

The villa also features solar panels that supply hot water to the property and under floor heating for the colder months.

All the bedrooms are en-suite and the

Elviria is a quiet but popular residential area offering many supermarkets, international restaurants, schools, shops and beautiful beaches.

Are you looking to sell your property or to rent short term or long term? We offer you our professional experience.

Call us for an appointment, without any obligation.

Urb. El Rosario, Calle Rosmari 2, 29604, Marbella, Malaga | T: +34-952850328 | M: +34-654165465 | E: info@freehomeestates.nl

www. freehomeestates.com

Closer to you

You can relax when Ibex has got your home covered Underwritten at Lloyd’s of London

• Tailor made home insurance policies • All risk cover for specified items •

Optional cover for valuables outside the home Pop into our office at Benavista, Estepona or give us a call and we will come to visit you near to your home or place of work to discuss your insurance needs.

Estepona

Sam, Fi & Donna

952 887 125

weekendworld@ibexinsure.com C.C. Benavista, Local 3 Ctra. de Cádiz Km167 29688 Estepona

Ibex Insurance Services Ltd 2015. Ibex Insurance Services Ltd, 68 Irish Town, Gibraltar. Registered no. 77247.

Authorised and regulated by the Financial Services Commission FSC 006 43B

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Another issue is new regulations that come into effect this month in Andalucía, an area popular with overseas buyers that restrict the previously ‘free’ market in tourism rentals to those that meet the registration requirements and have registered. The report suggests this is likely to have an increasing restraint on demand.

‘Many buyers anticipate occasional rentals covering the fixed annual running costs of the property with many assuming that they will be able to avoid taxes on that income. That is going to be a much more high risk option as the authorities monitor all management companies and internet and other advertising. The true costs of ownership will become clearer and this may reduce demand,’ the report says.

‘In addition, meeting the requirements of the regulations could be costly and appear superfluous in properties that currently meet the requirements of most tourism occupiers.

However, properties already meeting these requirements and being registered with the authorities are likely to have an increased value. If the property does meet the requirements, it is probably to the owner’s advantage to have it registered in any case, whether they intend to offer it as tourist accommodation or not,’ it adds.

DEMAND FOR SPANISH PROPERTY FACING A NUMBER OF ISSUES IN THE COMING MONTHS

D

emand for property on the Spanish Costas has increased from expats who are benefitting from good mortgage rates and there is a rise in construction activity with a number of new developments being started, according to a new report.

The property market could also be affected by decisions made

by Spanish banks who still own a lot of properties due to the economic downturn. The Spanish banks are obliged to update their valuation of assets practice to include regular annual or bi-annual valuations of each individual asset.

It also explains that there are a number of other factors likely to affect the real estate market in the coming months including currency rates, the Spanish election and in Andalucía new rules regarding holiday lets.

The report explains that this has seen Sareb, the Spanish bank rescue bank, announce a write down of their portfolio by more than €2 billion in addition to a €968 million write down in the past two years.

Expat demand is coming from the UK, Scandinavia, and Germany with other northern Europeans also active in the market, says the report from the Survey Spain network of chartered surveyors covering the first quarter of 2016.

‘It may be that many private banks will have to do the same, which may result in them lowering the asking price for properties they are trying to sell, thus reducing the market level as a whole. The reduction of asset values also could reduce the banks’ ability to offer mortgages. It could lead to a downward spiral again,’ the report adds.

However, there is likely to be an increased nervousness in the market as the British referendum approaches on 23 June because of fears that the poll will support the UK leaving the European Union.

The threat of a Brexit and currency exchange rates are just a couple of major issues that could affect the Spanish property market. The report says that doubt about the referendum result and it’s after effects are causing UK buyers and sellers to hesitate.

In addition, the fall in the value of sterling, from the €1.40’s to €1.20’s in the last three months has made the relative costs of property in Spain much more expensive for UK buyers but of course better for those wanting to move back to the UK. ‘However, the latter will be concerned that there is more reduction in value to come and so may decide to hold onto euro asset until closer to the referendum in the UK on 23 June,’ the report says. It refers to a recent letter received from a client which says they are concerned that if the UK leaves the EU then property prices in Spain may fall considerably.

There are also risks associated with a change of Government in Spain. The firm has found that more than one client has stated that they will sell and move if a left wing Government should be elected. ‘Again, the uncertainty could be causing buyers and sellers to pause until there is a result, which could be before the end of May or, with a new election, at whenever a new Government is established after the end of June,’ the report points out.

Demand and supply is also likely to affect the housing market.

‘There has been a widely reported analysis of Spanish home demand over the next 10 years that anticipates a substantial amount having to be built to meet that. However, as it was prepared on behalf of a construction consortium, this is looked upon with some scepticism as there is still a substantial amount of property available for sale in all sectors of the market,’ the report says.

‘Prime locations are seeing some scarcity with prices definitely hardening and increasing.

However, the prices for resale properties have not shown any significant increase overall, with any reduction in supply due to sales being countered by additional properties coming on the market due to the perceived activity. There are still significant discounts being offered to achieve sales,’ it explains.

‘Some of the demand is coming from speculative purchasers, acquiring properties with the intention of remodelling and renovating and then selling on. Thus the property is not really removed from the market, merely moved up a level,’ it points out.

‘However, the costs of acquisition and sale are still high and these are increased for the seller by the legal requirement for an energy certificate and a topographical survey to provide an accurate description and plan in the title and catastral,’ it adds.

Meanwhile, the latest figures from Survey Spain show that values in the first quarter of 2016 were lower than previously, but that is probably just the result of the size of the database. The highest is a villa in Marbella valued at €6,781 per square meter while the average is €1,730 and the lowest a derelict and vandalised villa at €703.

The report looks at the differences between valuations, asking prices and buying prices. In the third quarter of 2014 the difference between asking prices and actual prices paid was 15.8%. This fell to 11.4% in the fourth quarter of 2014, rose again in the first quarter of 2015 to 18.64%, was down to 10.73% in the second quarter, to 8.72% in the third quarter and has gone up again to 9.38% in the final quarter of 2015 and 11.68% in the first quarter of 2016.

The difference between the firm’s valuations and asking prices has also varied. It was 20.65% in the third quarter of 2014, 19.43% in the fourth quarter of 2014, 16.55% in the first quarter of 2015, 17.09% in the second quarter, 14.26% in the third quarter, 22.64% in the fourth quarter and 21.53% in the first quarter of 2016.

‘Over all the quarters our valuations average 96.14% of the known actual buying prices, which is a better statistic to be considering. Unfortunately, due to the difficulty of obtaining information, the number of accurate buying prices we can obtain is relatively low,’ the report says.

‘We are of the opinion that the above records showing the difference between asking prices and buying prices and valuations are the most significant information for buyers. However, as agents and sellers become more bullish, with the number of transactions reported to be increasing, we are finding the asking prices of a number of properties are being increased,’ it points out.

‘This permits the seller to offer a similar % discount as before, but to obtain a higher price, and may account for the slight increase in percentage between asking prices and actual buying prices,’ it adds.

Article provided courtesy of www.propertywire.com

195.000 €

Your EXPERT for NEW DEVELOPMENTS

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• Built: 622 m2

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1.625 m2

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• Baths: 5-1/2

• 2 car garage

• Infinity pool with pre-installation for heating • Golf and mountain views • Golf buggy garage with direct access to golf course • Price: 2.985.000 euros

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952 880 844

Rob Trade Simply Beautiful Furnishings

Embodying unique style, ROB TRADE offers unique reproduction furniture reflecting the inimitable Old World glamour of Louis XV and Louis XVI design. Thoughtfully restored one-of-a-kind arm chairs, side chairs, settees and tables boast decorative carvings, gilding and authentic finishes with stunningly elegant upholstery. Traditional caning, button tufting and glass beading capture the essence of classic French and European style.

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Welcome to New Contemporary Homes and Dallimore Marbella For over three decades Dallimore Marbella has been considered one of the most trusted real estate agencies in Marbella and on the Costa del Sol. We believe that many of our international buyers are looking for New Contemporary Homes in Marbella and the surrounding areas, along with carefully selected properties located all along the Costa del Sol. We are delighted to offer our clients the latest modern villas & apartments for sale on the Costa del Sol, along with our carefully selected properties.

Prices From: € 328,000 Welcome to the first project with panoramic views in Estepona, Malaga. Homes with large terraces, overlooking the Mediterranean Sea with privileged views of Gibraltar and Africa.

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This brand New Contemporary Development has 74 different homes from 1 to 5 bedrooms: ground floors with gardens, upper floors and large penthouses with terraces (with the possibility of including a jacuzzi). All of the apartments boast stunning sea views, an amazing way to start every morning.

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Located in an elevated position within Santa Clara Golf Resort in the beautiful development “The Residences” .

Offering wonderful golf and sea views, the villas are spacious and offer a generous build size of 236 m2 plus terraces .

This incredible development offers 23 beautifully positioned villas within a gated community and are the creation of Gonzalez & Jacobson whose attention to detail and passion for design is demonstrated in this singular and very special project.

Each and every one of these villas are carefully designed using the highest of specifications and qualities throughout, saltwater swimming pools, beautiful landscaped gardens and each one is positioned to maximize views and privacy from neighbouring villas. The Residences offer a choice of 3 or 4 bedroom villas.

info@dallimoremarbella.com Office: +34 951709640 Mobile: +34 685 492 057

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Issue 20 May 26 - June 8, 2016

WEEKEND WORLD PROPERTY SUPPLEMENT - 29

Ref: 1613

2 Bedroom Apartment Casares Costa • 2 BEDROOMS • 2 BATHROOMS

COSTA GALERA, CASARES COSTA Superb ground floor apartment situated in the highly desireable complex of Costa Galera, Estepona. Excellent access to the main coast road, blue flag beaches and golf courses of Estepona, Casares, El Cortesin and La Duquesa. The development is beautifully maintained with gated security entrance, spacious sub-tropical gardens, ample swimming pools, beach bar and has the fabulous Albayt Resort offering a restaurant, gymnasium, spa and driving range - fabulous holiday location.

• 78m2 BUILT • 108m2 PLOT

168,000€

Ref: 1608

2 Bedroom Apartment Duquesa • 2 BEDROOMS • 2 BATHROOMS

ALTOS DE FINCA CORTESIN, CASARES COSTA

• 137m2 BUILT

A stunning 2 bedroom apartment in the high end development of Altos de Cortesin, located in Finca Cortesin, known as one of the most prestigious resorts on the Costa del Sol. Altos de Cortesin offers beautifully maintained gardens, communal swimming pool, and 24hr security as well as various leisure spaces such as the Golf Courses of Finca Cortesin and Dona Julia, spa facilities, sports club, boutiques and an exclusive beach club 5 minutes drive away. Finca Cortesin Golf Course is also home of the world renowned European Tournament- The Volvo Masters.

• 157m2 PLOT

269,000€

For more information contact: natasha@castlesestateagency.com Tel: (+34) 952 891 221 Fax: (+34) 952 892 486 C/ Isaac Peral 4, 29692 Sabinillas, Manilva, Málaga www.castlesestateagency.com

30 - WEEKEND WORLD PROPERTY SUPPLEMENT

Issue 20 May 26 - June 8, 2016

Ref: 1535

2 Bedroom Apartment Duquesa • 2 BEDROOMS • 2 BATHROOMS • 100m2 BUILT

LAS COLINAS, DUQUESA Beautifully presented 2 bedroom apartment located on a tranquil elevated urbanisation with stunning sea views. The picturesque port of La Duquesa and traditional fishing village of Sabinillas is a short drive away. Excellent access to Marbella/Puerto Banus and Gibraltar all reached in under 1/2 hour and Malaga Airport in an hour.

• 146m2 PLOT

220,000€

Ref: 1600

3 Bedroom Townhouse Casares Costa • 3 BEDROOMS • 3 BATHROOMS

BAHIA DE CASARES, CASARES COSTA Superb 3 bedroom corner townhouse situated in the elevated location of Bahia de Casares affording maginficent views of the sea and along the coast. The property has a private carport and is beautifully presented. The complex of Bahia de Casares is a well established urbanization, ideally located on the coast between Estepona and Puerto de la Duquesa, close to the blue flag beaches and golf courses of Dona Julia and Finca Cortesin.

• 112m2 BUILT • 382m2 PLOT

289,000€

For more information contact: natasha@castlesestateagency.com Tel: (+34) 952 891 221 Fax: (+34) 952 892 486 C/ Isaac Peral 4, 29692 Sabinillas, Manilva, Málaga www.castlesestateagency.com

Issue 20 May 26 - June 8, 2016

WEEKEND WORLD PROPERTY SUPPLEMENT - 31

Ref: 1598

2 Bedroom Apartment Casares Costa • 2 BEDROOMS • 2 BATHROOMS

LOS PATIOS DE DOÑA JULIA, CASARES COSTA

• 85m2 BUILT

A contemporary 2 bedroom ground floor apartment with stunning views overlooking Dona Julia Golf course and the Mediterranean Sea. El Patio de Dona Julia is an exclusive residential development located frontline to Dona Julia Golf course, between Estepona and Sotogrande. This secure gated complex offers community swimming pools, well maintained sub tropical gardens and 24hr security cameras. A 10 minute walk to the blue flag beach and within walking distance to Dona Julia golf course with Finca Cortesin and Duquesa golf nearby too.

• 195m2 PLOT

230,000€

Ref: 1624

Apartment Casares Costa • 2 BEDROOMS • 2 BATHROOMS

CASARES DEL SOL, CASARES COSTA Fabulous first floor apartment situated in a beautiful residential complex on the Casares costa, with good access to the blue flag beach, golf courses of Dona Julia and Finca Cortesin, and the bustling seaside village of Sabinillas. The complex boasts attractive landscaped gardens and lovely swimming pool area all set within a secure gated community. The property includes underground parking space and storeroom, viewing is highly recommended.

• 85m2 BUILT • 100m2 PLOT

125,000€

For more information contact: natasha@castlesestateagency.com Tel: (+34) 952 891 221 Fax: (+34) 952 892 486 C/ Isaac Peral 4, 29692 Sabinillas, Manilva, Málaga www.castlesestateagency.com

ASSESORIA & LEGAL SERVICES

Castles is a family run business based in the village of Sabinillas on the Costa del Sol in Southern Spain. We opened our doors in 1986 initially as a fiscal advisor to British, German and Polish clients and as an Estate Agent bringing together buyers and sellers of all nationalities from around the world. Our commitment to providing the highest of professional standards has seen our business grow since its inception and today we offer a professional service in the following areas

• PROPERTy • Non-residents taxes • Personal Income Taxes • IBI (rates) payments • Insurance • NIE and ‘residencia’ applications • MOTOR • Insurance • Transfers • Re-registration • Duplicate car documents • Driving licenses Castles Estate Agency Calle Isaac Peral, 29692, Manilva, Málaga, Spain

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Vivienda Las Palmeras · Arquitecto: Valentín de Madariaga · Installer: Moncada Aluminium · Fotografía: Claudio Curia

An Infinite View Hi-Finity sliding door system from Reynaers Aluminium allows, thanks to its invisible aluminum profiles, truly impressive floor to ceiling glazed surfaces. Perfect harmony between the housing and the environment with a minimalist design that brings light and elegance.

See video

REYNAERS ALUMINIUM Priorat, 8 - Pol. Ind. Can Carner

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A GREATER SENSE OF WARMTH Lladró’s Belle de Nuit collection is a new line of ceiling, tabletop and wall lamps made in porcelain and come in various formats and colours in tune with happening trends in interiors and home décor.

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The sensation Lladró lamps transmit in comparison with those made in other materials is the greater sense of warmth.

The most striking feature of the Belle de Nuit collection is the application of the original Lladró palette of colours.

Available at Alexanders’ Collection Spain

www.ac-spain.es

LIGHT GAUGE STEEL SPECIALISTS

M

J Lancley SL are one of Spain’s and Gibraltar’s leading Light Gauge Steel Specialists. We design , manufacture and construct your new property from light gauge steel saving considerable time and money.

MJL will complete the rest of the build in tried and tested modern materials to achieve the look you desire whether it is ultra modern or a more traditional design.

We have been constructing from Light gauge Steel in Gibraltar for the last 7 years building schools, hotels and apartments.

Light Gauge Steel is used widely in the UK as its speed of construction heavily outweighs traditional methods thus saving labour costs. It is a relatively modern system that works well with the latest materials in terms of insulating properties, it has a 100% strength-to-weight ratio, it is non-combustible, it does not burn and will not contribute fuel to the spread of fire, It is Inorganic it will not rot, warp, split or crack, it will not contract or expand with moisture.

MJ Lancley are heavily involved in Spain’s first Light Gauge Steel Villa and we are already in the process of designing and manufacturing 2 homes in the coming months.

If you would like a consultation to see how much money and time you could save on your build please get in touch.

00350 20064323 • info@mjlancleyltd.com • www.mjlancleyltd.com

48 - WEEKEND WORLD

Available at Alexanders’ Collection Spain

Issue 10 November 05 - 18, 2015