WEEKEND WORLD NEWSPAPER - PROPERTY SUPPLEMENT

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Issue 22 July 21 - August 03, 2016

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WEEKEND WORLD PROPERTY SUPPLEMENT - 1

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2 - WEEKEND WORLD PROPERTY SUPPLEMENT

Issue 22 July 21 - August 03, 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.

4 - WEEKEND WORLD PROPERTY SUPPLEMENT

Qatar to build Zaha Hadid hotel

shaped like A desert flower Qatar will construct two buildings designed by late Iraqi-British architect Zaha Hadid, including a tower shaped like a desert flower close to the site of the 2022 soccer World Cup final, a member of its ruling family has confirmed.

Sheikh Mohammed bin Hamad al-Thani, the brother of Qatar’s Emir, commissioned Hadid in 2013 to create the structures, one a 38-story hotel in the form of a hyacinth and featuring a ninepointed base to shield visitors from the searing Gulf sun.

Sheikh Mohammed’s Al Alfia Holding said in a statement it would construct the tower “designed in response to current and future environmental challenges” by 2020 in the city of Lusail, 23 km (14 miles) north of the capital Doha.

“We often look at nature’s systems when we work to create environments, at her unrivaled logic and coherence,” Hadid, who died in March, said of the project.

Now led by Patrik Schumacher, Hadid’s architecture firm ZHA has announced a number of new projects including a new central business district for Prague and a technology park near Moscow.

In April, the firm said it would complete 36 projects that had been started or were under contract before Hadid’s death including an “oyster-like” ferry terminal in Salerno, Italy, the King Abdullah Petroleum Studies and Research Center in Riyadh, and the Mathematics Gallery at London’s Science Museum.

Issue 22 July 21 - August 03, 2016

2-3-4 Bed

Built: 289m2

2-3-4 Bath

NEW GOLDEN MILE

New development of 63 contemporary style Apartments 2-3-4 bedrooms and penthouses. Private pool and landscaped garden.

Underground parking and store room. Located on the new Golden MIle, just one kilometer from the beach, several golf courses like Atalaya, El Paraiso, Guadalmina, etc. Open plan kitchen are integrated into the living room giving a friendly and familiar atmosphere.

Prices from: 244.000€

Built: 147m2

Terrace: 35m2

Ref: 675-2d Ref: 675-3d Ref: 675-4d

2-3 Bed

2-3 Bath

New Project with 42 apartments and penthouses Modern style and high qualities, amazing sea views in a top location.

Ground floors with gardens. Ceramic floors, ufh in bathrooms, A/C with independent control in each room, full fitted kitchen with Neff appliances, home automation system, wardrobes, electrical shutters, security glasses, parking space and storage room included. Outdoor pool, spa with sauna, gym, turkish bath, jacuzzi.

Prices from: 560.000€

Built: 246m2

Terrace: 130m2

Ref: 613-2d Ref: 613-3d

3 Bed

2 Bath

PENTHOUSE Penthouse 3 bedrooms with 130m2 of terrace near Don Carlos Hotel and Nikki Beach. 200 metres from the beach and next to restaurants, supermarkets, pharmacy, all on the side walk. It has 3 swimming pools, sauna, free wifi, parking, tropical gardens.

650.000€

Ref: 253

2 Bath

Ref: 647

Terrace: 50m2

Terrace: 25m2

3 Bed

2 Bath

PENTHOUSE First line beach apartment, beside Carrefour supermarket in Estepona.

Communal pool and gardens. Very quite area. Lift. Nice living room with sea views, 3 bedrooms, 2 bathrooms, terrace. Underground parking and store room.

340.000€

Built: 177m2

Built: 125m2

Estepona

Penthouse duplex Nice penthouse Duplex, 289 sqm built, 145 sqm Solarium.

3 bedrooms and 2 bathrooms.

2 underground parking spaces and storeroom.

5 pools (1 heated) padel court, gated complex.

4 Bed

3 Bath

Estepona

Renovated Villa/finca Lovely fully renovated charming villa/finca on a big plot, with nice views to the sea and the mountains, south to west facing, very quiet and private.

Close to Estepona town centre and the beach (1,5 km). All on one floor, large living and dining area, open plan fully fitted kitchen, master bedroom suite and 3 guest bedrooms with 2 bathrooms. Direct access to the covered and open terraces, the pool area. Fully renovated with a lot of extras. Solar panels, aircon in each room individual, fireplace, wooden floors, alarm, automatic gate, double glazing.

595.000€

Plot: 950m2

ELVIRIA

3 Bed

Atalaya-Alqueria Golf

Plot: 3.000m2

Nueva Andalucia - GOLF VALLEY

Terrace: 145m2

369.000€

Built: 160m2

Ref: 641

Terrace: 50m2

2-3 Bed

2-3 Bath

Marbella Golden Mile

APARTMENTS Nice 2-3 bedrooms apartments, with 2 pools, 25.000 sqm gardens, spa, gim, between Puerto Banus and Marbella. 2 parkings and store room, aircon, fitted kitchen, high qualities.

Prices from: 640.000€

Ref: Milla de Oro

Ref: 718

Built: 365m2

Terrace: 100m2

3-4 Bed

3 Bath

Marbella

VILLAS The choice of modern contemporary styling may follow the latest market trends, but it is also an integral part of the vision behind the project.

This development of villas is designed to combine a sleek architectural language with a peaceful natural setting surrounded by olive groves. In blending nature and modernity we wish to offer the best of both worlds, as in the case of a location that is peaceful and secure yet also central and convenient. This image represents the essence of Marbella styling, a theme found throughout the development. Modern, stylish interiors, natural light, spacious bedrooms and large terraces are at the heart of the this concept. There are a variety of kitchen layouts available which allow you to personalize your living area. Gated complex, 3-4 bedrooms villas.

Prices from: 895.000€

Ref: 739

Plot: 1.000m2

Built: 350m2

4 Bed

3 Bath

BENAHAVIS

VILLA IN LA QUINTA Stylish modern renovated villa located in La Quinta Golf resort. Frontline golf and south facing with seaviews.

Main floor: Living/dining area with open plan fully fitted kitchen. Direct access from the living area to the terrace, garden and private infinity pool.

Two guest bedrooms, one bathroom and one guest toilet. Entrance with patio. Garage for 2 cars.

Upper floor: Master bedroom suite with separate office area and one bedroom suite. Close to all amenities, less then 10 minutes to Puerto Banus.

1.595.000€

Inmobiliaria Gonzalez y Asociados, Plaza Puente Malaga, s/n, frente Colegio Bocanegra, 29.600, Marbella.

Tel.: 952 86 70 50 - Mobile: 619 19 98 63

www.marbellainvestment.com

Ref: 1.602

Villa, Los Flamingos II

Peace & Tranquility Los Flamingos II - Offering Peace & Tranquility in one of the most sought after locations Plot: 2.270m2 Dwelling: 718 m2 Porches and terraces: 337m2

The development of Los Flamingos is one of the most exciting on the Costa del Sol. Nestled within a secluded valley it offers a choice of nine fantastic urbanizations, and picturesque views over looking the Mediterranean sea and the mountains of Morocco.

Unrivalled by its views Los Flamingos also offers a unique combination of facilities with 2 championship courses and a par 64 executive course with an American Golf Academy. It also boasts the five star Villa Padierna Hotel and spa and hotel voted as one of 30 Leading Hotels of the World.

Centrally located Los Flamingos easily accessible to Puerto Banus, Marbella, Estepona, and is only within 1 km from the beach.

Features include: - Master bedroom with dressing room

- 2 Porches on ground floor

- 3 bedrooms with their own dressing room

- Pergola covered breakfast area

- 4 bathrooms, all en suite

- Interior courtyard

- 1 guest toilet

- Pond at entrance

- Ample lounge & dining room

- Chill out area by the swimming pool

- Large entrance hall

Price 3.700.000 euros

- Covered surface

(without basement fitted)

- Parking space for 3 cars

Price 3.900.000 euros

- 3 terraces and solarium on first floor

info@sunsearchhomesinternational.com

952 880 844

(with basement completed)

REF: SHIV1ALF

Villa 48 La Paloma

stunning panoramic sea views This villa has unbeatable stunning panoramic sea views, and must be seen to be believed 5 Bedrooms / 5 Bathrooms

Built: 750m2

This amazing villa is located above the beaches of Casares, Manilva and Sotogrande boasting panoramic views from Marbella to Gibraltar from nearly all the rooms. The property is on four levels and has been designed by one of the best architects on the coast - Gustavo Moser and built to the highest standard.

Terrace: 200m2

The main feature is the stunning panoramic sea views built to the highest standards.

Plot Size: 1,200m2

Features include: - Under floor heating throughout

- Fabulous bar and entertainment area

- Solar system

- Mature landscaped garden

- Intelligent system

- Jacuzzi

- Security shutter

- Sauna

- Automated sound system

- Infinity pool

- Separate guest accommodation

- 2 Gas Fireplaces

- Automatic gates

- Gym

- 4 car garage

- Large cinema

- Elevator

- Full size snooker room

- Indoor barbecue

Price 3.295.000 euros REF: SHIV48LPM

- Rooftop bar

info@sunsearchhomesinternational.com

952 880 844

Luxury Apartment close to golf, Marbella - Rio Real 3 beds I 3 baths I Built: 141m2 I Price: 495.000€ I Ref: A160702

Penthouse with panoramic views Marbella - center town 2 beds I 2 baths I garage I Built: 196m2 I Price: 550.000€ I Ref: A160701

Beautiful Townhouse in frontline beach complex, Bahía de Marbella 3 beds I 4 baths I Built: 194m2 I Price: € 495.000 I Ref: T151201

PRICE REDUCED! Charming private family home Marbella - El Rosario 5 beds I 3 baths I Plot: 821m2 I Built: 324m2 I Price: 469.000€ I Ref: V151203

4 beds

I

Villa with sea views -Torrenueva - Mijas Costa 3.5 baths I Plot: 775m2 I Built: 242m2 I Price: 895.000€

c.hente@inveus.com www.estates.inveus.com

I

Ref: V160601

Imposing family home close to beach, Marbella – El Rosario /Las Chapas 9 beds I 8 baths I Plot: 2701m2 I Built: 876m2 I Price: 3.400.000€ I Ref: V160401

+34 952 86 38 89 +34 672 22 07 02 If you are selling your property do not hesitate to contact me

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.

www.bocadolobo.com

Issue 22 July 21 - August 03, 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@globalluxuriousproper ties.com www.globalluxuriousproper ties.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

Your Costa del Sol Property and Holiday Rental Specialist Call us on (0034) 952 850 328 FANTASTIC OPPORTUNITY, VILLA IN EL ROSARIO, MARBELLA 5 bed | 3 bath 212m2 built | 1746m2 plot Ref R2502185 | Price €685,000 Great villa to renovate as it is in good condition but needs updating.

The villa has amazing sea and mountain views and beautiful mature gardens.

Only 10 minutes drive from Marbella centre and only 30 minutes from Málaga airport.

OUTSTANDING MODERN VILLA IN ELVIRIA, MARBELLA 4 bed | 4 bath 340m2 built | 1000m2 plot Ref R2594756 | Price €1,299,000 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.

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.

SPECTACULAR LUXURIOUS VILLA IN SIERRA BLANCA, MARBELLA 5 bed | 4 bath 500m2 built | 2020m2 plot Ref R2674664 | Price €3,300,000 This spectacular luxurious 5 bedroom, 4 bathroom villa is located in Sierra Blanca, Marbella and boasts breath-taking sea and mountain views throughout.

Exquisitely decorated living and dining areas, open out onto the large terraces, pool and gardens.

The beautiful master bedroom is located on the top floor.

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 Sotogrande property market specialists BUYING Looking for a knowledgeable, approachable, service orientated Real Estate Agent?

Holmes Sotogrande is the friendly business with a long tradition of helping families make the right move.

Use our online property search tool for the largest portfolio of property for sale in Sotogrande.

Call now to take advantage of our expert knowledge to help you find your ideal home in Sotogrande.

SELLING Holmes Sotogrande believes in the strength of teamwork.

Holmes Sotogrande has the team with the best reputation for results.

We are always looking for new listings.

Call now for a free valuation and to hear how the Holmes team can help you best sell your home.

The longest established estate agency in SOTOGRANDE

MODERN VILLA NEW CONSTRUCTION | SOTOALTO

FABULOUS SOUTHFACING APT / RIBERA DEL RIO

4

4

4

Plot: 2.050m² Built: 746m² 1.775.000e Ref: HSNS-1186

4

Built: 251 m² Terr: 123 m²

900.000e Ref: RIO-1550

LUXURY SOUTHFACING APT / POLO GARDENS

2nd FLOOR APT. FANTASTIC VIEWS/ RIBERA DE LA TENCA

4

3

4

Built: 198 m² Terr: 46 m²

595.000e Ref: HPG-1483

2

Built: 122m2 Terr: 27m2

600.000e Ref: TEN-1459

CHARMING 2 STOREY VILLA/SOTOGRANDE COSTA

PENTHOUSE SPECTACULAR VIEWS / RIBERA DEL MARLIN

4

2

3

Plot: 1.080 m² Built: 364 m²

785.000e Ref: HSS4-1196

www.holmessotogrande.com +34 956 795 340

2

Built: 114 m² Terrace: 50 m²

495.000e Ref: MAR-1556

Issue 22 July 21 - August 03, 2016

18 - WEEKEND WORLD PROPERTY SUPPLEMENT

Spanish prime property market

bounces back

T

he prime property market in Spain has recovered strongly with buyers from Latin America and the Middle East rising, according to the latest index report.

modern villas in good locations, beachfront properties along the Golden Mile and gated communities such as Sierra Blanca, Camojan and La Zagaleta outperforming the wider market.

The recovery of the market mirrors the recovery of Spain’s economy which is expected to see growth of 2.6% in 2016, more than the UK and Germany, says the analysis from international real estate firm Knight Frank.

It also points out that the recent ruling regarding Marbella’s 2010 Town Plan, which affects around 15% of Marbella’s housing stock, has led to some caution for those properties affected, but it has also refocused attention on properties in established areas which comply with the 1986 Urban Plan, as well as those which sit beyond the municipal boundary in areas such as Benahavís and Estepona.

‘Ultra-loose monetary policy by the European Central Bank and low oil prices have led to an increase in consumer spending, higher employment and rising household incomes. The market fundamentals are improving,’ said Kate Everett-Allen, Knight Frank partner, But she added that a backdrop of global uncertainty remains.

The report highlights two key property market trends. Firstly, the rise of the non-EU buyer. Latin Americans now have a strong presence in Madrid, Middle Eastern buyers are active in Marbella plus Swiss purchasers in Ibiza as the profile of Spain’s luxury buyers shift.

The second key trend is the strength of the €1 million to €3 million price band and nearly all of our prime markets now consider it their most active market segment while confidence is returning to Barcelona where the number of residential sales increased by 86% between 2012 and 2015 Online property searches on Knight Frank’s website by Middle Eastern web users searching for a property in Marbella increased by 164% between 2014 and 2015.

A third of Madrid’s prime buyers now come from abroad. In 2015 Latin American buyers accounted for 30% of all the prime sales agreed by Knight Frank’s Madrid sales team.

The report also says that the top tier of Ibiza’s property market has become uncoupled from the wider market, recording price growth of 10% in the year to April 2016 while Mallorca saw a 55% increase in the number of applications for new residential projects in the first two months of 2016 compared with the same period in 2015.

Overall, the report says, rising sale volumes in Marbella suggest confidence is returning to the market. Price growth is slowly shifting into positive territory with newly built

Meanwhile, Mallorca’s prime market, having reached its trough in the winter of 2014, has entered a new cycle of growth. The island’s prime markets of Andratx, Son Vida and Deià remain firm favourites with British, German and Scandinavian buyers.

The report also explains that in Mallorca, not only has foreign demand strengthened with sales to foreign buyers up 21% year on year in 2105, but sentiment among local buyers has also improved. Mortgage lending across the Balearics jumped 20% in the 12 months to January 2016.

The construction of new homes on the island virtually came to a standstill after the recession in 2008, but the first two months of 2016 saw a 55% increase in the number of applications for new residential projects compared with the same period in 2015, the largest rise in the last 10 years according to the Balearics Statistics Office.

The report also says that the top tier of Ibiza’s property market has become uncoupled from the wider market and is witnessing strong price gains as demand outpaces supply. The number of sales on the island increased 37% in the three years to 2015 and foreign buyers have become more active.

Ibiza attracts more than 8,000 private flights a year and according to NetJets, London to Ibiza and Palma de Mallorca are some of its most popular routes. As the southern coast becomes more developed so attention is turning to inland markets and the northern coastline. The new road to San Juan in the north east will reduce travel times significantly, the report adds.

Article provided courtesy of Propertywire.com

LUXURY HOUSING VIVIENDAS DE LUJO LUXURY VIVIENDAS DE LUJO IN MADRID DEL SOLDE CÁDIZ MADRID · COSTAAND DEL COSTA SOL · SEVILLA · COSTA MADRID DEL SOLS· SEVILLA DE CÁDIZ M O R E T H ·ACOSTA M A· RCOSTA M Á S D E N 44 .. 00 000 0 E SI TNA TME U EI NB LG IEL S E .NE S G I L M A R . E S M Á S

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1.179 960 mm2 2 960 m2

4 . 0 0 0

7 bed 7 bed

I N M U E B L E S

8+1 bath 9 bath 9 bath

7 parking

Stunning villa withAndalusian beautiful views the coast, Two magnificent Villas to located on a southwest plot of 8000 VILLA facing, courtyard, opennext andtocovered terraces, elevator. square inner meters in Marbella, Puerto Banús.

Two magnificent Andalusian Villas on a24plot 8000 A few minutes from Marbella andlocated the beach. hrsofsecurity. square meters in Marbella, next to Puerto Banús.

4.500.000 € 5.475.000 4.500.000 €

374mm2 2 202 374 m2

98547 Ref. web: 88364 Ref. web: 98547

bed 25 bed 5 bed

2 parking

4 bath

Atalaya-Isdabe Casares Beach VILLA PENTHOUSE Atalaya-Isdabe

ESTEPONA

ESTEPONA Beautiful luxury modern villa of 374 m² with 5 bedrooms VILLA Beautiful beachfront penthouse of 200 sq.m with 2 bedrooms, and 4 bathrooms, located on the Newwith Golden Mile, just to 1 located in luxurymodern private development direct access Beautiful luxury villa of 374 m² withminutes 5 bedrooms km from thepools bestand beaches and just asecurity. few from the the beach, gardens.

24 hrs and 4 bathrooms, the del NewSol. Golden Mile, just 1 best golf courseslocated on the on Costa km from the best beaches and just a few minutes from the best golf courses on the Costa del Sol.

2 2 200 125mm

200 m2

Ref. web: 98584 98391

Ref. web: 98584

3 bed 3 bed

3 bath 3 bath

- parking

MARBELLA ESTEPONA

MARBELLA Fantastic duplex apartment located in a gated complex Contemporary 3 bedrooms and 3 bathroom ground floor with DUPLEX APARTMENT direct access to one bestofbeaches Marbella east. apartment located in of thethe heart Costalitainonly few steps Fantastic apartment in a gated complex withof Closebeautiful toduplex amenities and tenlocated minutes’ from the center from sandy beach.

Includesdrive garage parking. direct access to one of the best beaches in Marbella east.

Marbella.

Close to amenities and ten minutes’ drive from the center of Marbella.

399.800 €

98632 Ref. web: 97416

Ref. web: 98632

For more information: Go to Gilmar.es and enter the web reference in the For more information:

34+1 bedbed 3 bed

34+1 bath bath

2 parking

3 bath

2 parking

ESTEPONA MARBELLA

ESTEPONA 2 Luxury beachfront penthouse duplex of 350 m² with 3 Wonderful duplex penthouse with 150 m of terraces.

PENTHOUSE bedrooms, bathrooms facing, and 1 toilet, breathtaking Very bright,2south-west mint with condition.

Communal Luxury beachfront penthouse sea,located duplex of 350inm² withGolden 3 views to and the Mediterranean New gardens pool. Prime location. bedrooms, 2 bathrooms and 1 from toilet,Puerto with breathtaking Mile just few minutes away Banus or Estepona. views to the Mediterranean sea,located in New Golden Mile just few minutes away from Puerto Banus or Estepona.

1.100.000 649.000 € € 1.100.000 €

186 289 m2 186 m2

Ref. web: 94947 83615

Ref. web: 94947

34 bed 3 bed

3+1 4+1 bath 3+1 bath

Marbella Guadalmina East Baja TOWNHOUSE Marbella East

12 parking 1 parking

MARBELLA PUERTO BANÚS

MARBELLA Wonderful Fantastic townhouse townhouseinfirst Guadalmina, line beachMarbella complex.next Seato the TOWNHOUSE views, beach. only Common 5 km area from with the centre beautiful of Marbella, gardens with exclusive swimming Wonderful townhouse line beach complex.

Sea gated pool, 4community paddle courts withfirst and 24 hour private security, outdoor mature parking. gardens, views, only 5pool. km from the centre of Marbella, exclusive swimming gated community with 24 hour security, mature gardens, swimming pool.€ 599.000 483.000 Ref. web: 98762 96710

599.000 €

1- parking parking

Marbella EastMile New Golden DUPLEX APARTMENT APARTMENT Marbella East

445.000 € 445.000 €

356 m2

G I L M A R . E S

Alcazaba Golden Mile PENTHOUSE DUPLEX Alcazaba

21 parking parking

bath 24 bath

695.000 595.000 € 695.000 €

356 420 m2

37 parking

MARBELLA PUERTO BANÚS Golden Mile Nueva Andalucía DETACHED HOUSE VILLA Nueva Andalucía PUERTO BANÚS

E N

210 m2 170

Ref. web: 98762

34 bed. bed

34bath bath

parking - 1parking

190 178 m m22 178 m2

23 bath

23 bed bed 2 bed

Golden Mile APARTMENT Golden Mile

595.000 € 795.000 795.000 €

138 m m22 210 138 m2

93887 Ref. web: 95945 Ref. web: 95945

bed -2bed 2 bed

bath 22 bath 2 bath

search and you will Go to Gilmar.es and have enterdetailed the webinformation referenceon in the the estate. search and you will have detailed information on the estate.

Ref. web: 95908 ESTEPONA

952 80 85 70 ESTEPONA Avda. de España, 190 952 80 85 70 estepona@gilmar.es Avda. de España, 190 estepona@gilmar.es

1 parking

ESTEPONA PUERTO BANÚS

ESTEPONA Luxury 138 m² apartment with 2 bedrooms, 2 bathrooms and Beautiful office located on the ground floor in Nueva APARTMENT a toilet in aSan seafront with direct acces the Alcántara, Pedrodevelopment de Alcántara, Marbella.

A fewtominutes Luxury m² apartment withGolden 2 bedrooms, 2 bathrooms and beach,138 located in beach the New Mile, Estepona.

Garage walking from the and the city center. a and toiletstorage in a seafront development with direct acces to the room. beach, located in the New Golden Mile, Estepona. Garage and storage room.

500.000 €

475.000 € 500.000 €

110 m m22 240

99519 Ref. web: 97010

Ref. web: 99519

24 bed bed.

11parking parking

bath 42 bath

228.000 350.000 € 350.000 €

Ref. web: 94726 95908

parking 21parking

Cancelada Nueva Alcántara OFFICE APARTMENT Cancelada

399.000 € 395.000 395.000 €

Luxury apartment offor 210sqm with bedroomsde large terrace of Corner Townhouse sale in Los3 Naranjos Marbella, TOWNHOUSE 50sq.m Andalucía, in Costalita 20 area, just 200 meters from the beach.

Nueva minutes walk to Puerto Banús and the Corner beach.Townhouse for sale in Los Naranjos de Marbella, Nueva Andalucía, 20 minutes walk to Puerto Banús and the beach.

MARBELLA

MARBELLA Magnificent apartmentinfully renovated Ancon with Sierra, Wonderful apartment a luxury gated in complex APARTMENT m2 ofgarden garden,areas, garage and storage.

Communal 190 m2 pus security 24 70 h, lush outdoor and indoor pool, Wonderful apartment inresidential a luxury gated pool, 24 hrs area. complex with gym. Next tosecurity, amenities. security 24 h, lush garden areas, outdoor and indoor pool, gym. Next to amenities.

240 m 4 bed.

4 bath Guadalmina Puerto BanúsAlta APARTMENT TOWNHOUSE Puerto Banús

4 bath

2 parking

2 bath

- parking 4 bed ESTEPONA BANÚS New Golden Mile PUERTO Nueva Andalucía APARTMENT TOWNHOUSE Nueva Andalucía PUERTO BANÚS 170 m2

parking 12 parking

1 parking

2

MARBELLA PUERTO BANÚS

MARBELLA Lovely 2 bedroom apartment in Marbella with views to Townhouse in the area of Puerto Banús, Marbella, walking TOWNHOUSE Guadalmina Golf and direct to theBanús course. distance to the beach and theaccess port. Puerto is the most Townhouse in the area of Puerto Banús, Marbella, walking famous nautical enclave in southern Europe. distance to the beach and the port. Puerto Banús is the most famous nautical enclave in southern Europe.

PUERTO BANÚS

952 BANÚS 866 800 PUERTO Plz. Antonio Banderas, 6 952 866 800 banus@gilmar.es Plz. Antonio Banderas, 6 banus@gilmar.es

Ref. web: 96772 96437 Ref. web: 96772 MARBELLA

952 86 13 41 952 86 13 41

MARBELLA Avda. Ricardo Soriano, 56 marbella@gilmar.es Avda. Ricardo Soriano, 56 marbella@gilmar.es

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.

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.

Los Granados del Mar

Built 225 m2 | Terrace 46 m2 3 bedrooms | 3 bathrooms Location: Los Granados del Mar (Estepona) Price: 1,475,000 euros Wonderful apartment within a luxury frontline beach development REF: 263-00499P

info@drumelia.com | www.drumelia.com | +34 952 766 950

BLUEPORT ALTEA TIMELESS VILLAS TAILORED TO YOUR WISHES

The prestigious Altea Hills Estate Group launches the most luxurious exclusive residential villa complex on the Costa Blanca.

Apply for a full brochure: www.globalluxuriousproperties.com www.blueportaltea.com Contact Agent: Global Luxurious Properties Team of Professional Real Estate Consultants Phone: 0031-(0)15-2630195 Email: info@globalluxuriousproperties.com Website: www.globalluxuriousproperties.com

Ref: 1413

3 Bedroom Townhouse Duquesa • 3 BEDROOMS • 3 BATHROOMS

Aldea Hills,Duquesa

• 129m2 BUILT

**REDUCED** Fantastic 3 bedroom townhouse with stunning sea views and private garden situated on the Manilva Costa - a 5 minute walk to the sandy blue flag beach. Excellent road access off the main coast road and near to the lively marina of La Duquesa along the promenade passing various beach bars and La Duquesa Golf. A fantastic family or holiday home with low overheads.

• 110m2 PLOT

165,000€

Ref: 1657

2 Bedroom Apartment Duquesa • 2 BEDROOMS • 2 BATHROOM

Duquesa Fairways, Duquesa

• 130m2 BUILT

Fabulous first floor apartment on a well maintained gated complex with two large swimming pools and extensive sub-tropical garden areas. Superb holiday location with an easy access to the bars and restaurants of La Duquesa port, sandy blue flag beaches and golf course of Duquesa. The apartment is well presented and offers 2 sunny private terraces. A third bedroom was recently converted into a dining area but can be converted back. An ideal holiday home with excellent rental potential.

• 130m2 PLOT

179,000€

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

Ref: 1646

5 Bedroom Villa Duquesa • 5 BEDROOMS • 4 BATHROOMS

Princess Kristina, Duquesa Princesa Kristina is a beautiful hillside of residential properties. Located only minutes from Duquesa Marina and Sotogrande, this area has fantastic transport links to Malaga and Gibraltar, and is surrounded by stunning countryside. This 5 bedroom detached villa has recently undergone substantial renovation and being situated at the top of the hillside offers unrivalled views towards the mountain ranges of Estepona and Mediterranean Sea. This property must be seen to appreciate the price and accommodation on offer.

• 220m2 BUILT • 675m2 PLOT

395,000€

Ref: 1653

3 Bedroom Apartment Manilva • 3 BEDROOMS • 2 BATHROOMS

Nueva Manilva, Manilva

• 96m2 BUILT

SUPERB OPPORTUNITY. Excellent valued 3 bedroom apartment with south facing terrace and views over the community swimming pool, situated near the centre of the village of Manilva. The traditional Andalucian white village is renowned for its vineyards and wine festivals and situated 5 minutes drive to the bustling coast at Duquesa and Sabinillas, with a super variety of beaches, golf courses and marina. The property is in excellent condition and includes an underground parking space and storeroom. Great value, low overheads and ideal holiday home.

• 106m2 PLOT

99,500€

For more information contact: natasha@castlesestateagency.com Tel: (+34) 952 891 221 Fax: (+34) 952 892 486 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

Ref: 883

3 Bedroom Apartment Duquesa • 3 BEDROOMS • 2 BATHROOMS

Urb. Marina de la Duquesa, Duquesa

• 130m2 BUILT

Superb front line beach apartment located on the ground floor in a lovely complex with community swimming pools and paddle tennis courts at Puerto de la Duquesa. Good access from Gibraltar and Malaga airports, a short walking distance to shops, restaurants, marina, golf course and a pleasant stroll along the new promenade to the village of Sabinillas. The property affords uninterrupted views of the beach and sea from all rooms and the huge 46m2 terrace. Fabulous property and beautifully presented.

• 176m2 PLOT

350,000€

Ref: 1648

3 Bedroom Townhouse Casares Costa • 3 BEDROOMS • 2 BATHROOMS

Los Cortijos de la Bahia, Casares Costa Lovely townhouse situated in a small, peaceful gated urbanisation between Estepona and Sotogrande. The community also offers secure parking, well maintained gardens and a large community swimming pool. Within easy reach of the sandy blue flag beach, walking distance to the bustling seaside fishing village of Sabinillas and the marina of Duquesa, as well as the golf courses of Dona Julia and El Cortesin. This property is in excellent condition and would make an ideal residence or a lovely holiday home with rental potential.

• 105m2 BUILT • 125m2 PLOT

135,000€

For more information contact: natasha@castlesestateagency.com Tel: (+34) 952 891 221 Fax: (+34) 952 892 486 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

26 - WEEKEND WORLD PROPERTY SUPPLEMENT

Issue 22 July 21 - August 03, 2016

Residential sales in Spain

record highest growth since January 2013

Residential property sales in Spain increased by 23.6% in May year on year, the highest figures since January 2013, the latest official figures show.

The figures from the National Statistics Institute also show that home sales have now increased year on year for four months in a row.

However, sales did fall back slightly from the year on year figure of 29% recorded in April.

The second hand market and, to a lesser extent, sales of new homes, were responsible for the May increase, up by 26.7% and 12% year on year respectively.

The data also shows that in the first five months of the year home sales increased by 15.8% compared with the same period of 2015, with second hand homes up 21.9% but new house sales down 3.4% over the five months.

Month on month sales growth has slowed. Compared with April sales in May 2016 were up by 3.5% but this was the lowest increase registered in this month in the past five years.

The highest numbers of home sales per 100,000 inhabitants were registered in the Balearic Islands and La Rioja and Andalucía was the region to register most home sales, followed by Catalonia, Valencia and Madrid.

In contrast, the regions which registered the least home sales in May were La Rioja, Navarre and Cantabria but in relative terms, home sales rose in all of Spain’s regions except for Navarre, which registered a decline of 20.2% compared with May 2015.

The most significant increases were in the Balearic Islands with growth of 70%, followed by La Rioja up 68.9% and Murcia up 61.8%, while the lower increases were in Cantabria with sales growth of just 1.7% and Galicia up 7.8%.

Article provided courtesy of propertywire.com

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Falling asking prices in Spain

could encourage British buyers despite Brexit There are signs that British buyers are still keen on buying property in Spain but those selling are likely to be more successful if they lower their asking price.

Agents are reporting continued interest in the Spanish property market from British buyers despite the decision to leave the European Union. This is coming from holiday home buyers and those considering moving to Spain to live.

But the latest index suggests that sellers in Spain are having to be realistic about the price their property is likely to achieve outside a few popular areas. Data from the latest asking price index from Idealista shows they fell national by 3.1% in June year on year.

Month on month asking prices fell 1.4% to their lowest level since the economic downturn despite rising briefly at the beginning of the year.

But there are substantial regional differences. Whist the national average index continues to fall, some areas are already recovering. Idealista point out that prices in some big cities and areas on the coast have risen substantially since bottoming out, led by Barcelona with growth of 19.5%, Madrid up 6.4% and Valencia up 6.1%.

There is effectively a two speed recovery in the Spanish market, according to Fernando Encinar, head of research at Idealista. He explained that prices continue to fall in inland locations but rise in popular coastal spots such as the Costa del Sol and cities such as Madrid and Barcelona.

On a quarterly basis asking prices rose the most in the second quarter of the year in Malaga with an increase of 1.5%, up by 0.8% in the Costa Blanca and up 0.8% also in Tenerife and the Canary Islands.

Real estate agents believe this could attract more foreign buyers. Lucas Fox International said it has seen a rise in enquiries from British based buyers since the vote to leave the European Union. Some disillusioned with the referendum result and considering a move to Spain, in particular to the key cities of Madrid, Barcelona and Valencia, where there are job opportunities and the local economy is rapidly recovering.

A report last week claimed that the number of British citizens looking to move abroad had increased by 30% with Spain being the third most sought-after destination after Australia and Canada. Another study by the London School of Economics suggested that around 10% of 18 to 25 year olds who voted to stay in the EU are now considering a move abroad.

An example is Sebastian King, a 22 year old living in the South of England working in financial services. He contacted Lucas Fox just a few days after the result. ‘I have been looking to move to Valencia for a year or so now but the Brexit result made me want to get a move on,’ he said.

‘For me Valencia has it all, the climate, it’s exciting, full of history and culture as well as having a beach.

Overall, I think Spain has lots of potential and for my business it is an ideal place to expand, thanks to a

cheaper workforce. When I compare the UK to Spain I see Brits simply surviving whilst the Spanish are really living,’ he explained.

British buyers currently account for less than 10% of Lucas Fox’s total sales throughout Spain, mainly in resort areas such as Marbella, the Costa Brava and the Balearics and the company has lost a small number of potential offers that were on hold pending the referendum result but say that so far, no accepted offers made before the Brexit vote have been lost.

‘We feared that the referendum result would impact immediately on pending deals but this doesn’t seem to have been the case and the increase in enquires from UK buyers and UK based EU residents looks set to more than compensate sellers,’ said Lucas Fox Costa Brava partner Tom Maidment.

‘Additionally, we have been offered several interesting properties by British couples who now want to sell up and return to the UK to profit from the weak pound.

The high end Spanish property market relies far less on the British than it used to and our buyer profile is diverse and includes French, Dutch, German, Swiss, Swedish, Norwegian, US, Russian, Middle Eastern and Asian buyers,’ he added.

ASSESORIA & LEGAL SERVICES

He also pointed out that despite the weakening of the pound, Spanish property is still very attractively priced at 30% to 35% below the peak of 2007 whilst Spanish banks continue to offer competitive mortgage packages.

‘I think the effect of the UK leaving the EU will be felt mainly in resort areas, such as the Costa Blanca where there are many British retirees and holiday home owners who have invested in lower priced properties,’ said Lucas Fox co-founder Alexander Vaughan.

‘I appreciate that it is still early days but we don’t expect it to overly affect our day to day business. Spain will always have an appeal for the British even though it may become marginally more expensive for them holidaying or buying here. In the long term, British buyers should still benefit significantly if they buy property in Spain, as sales prices have consolidated and, in prime areas, continue to appreciate,’ he pointed out.

‘Rental returns are also attractive, with buyers of New Development properties in Spanish cities benefitting from yields in excess of 4%. We are hopeful that we may even see the positive impact of Brexit on the Spanish real estate market,’ he explained.

‘Many non-European buyers have started looking at alternative city locations to London which also have good property investment potential. There is also the prospect of some London based banks and financial institutions moving their staff from London to Madrid,’ he added.

Castles is a family run business based in the village of Sabinillas on

Article provided courtesy of Propertywire.com

an Estate Agent bringing together buyers and sellers of all nationalities

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 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

Tel : +34 952 891221

www.castlesestateagency.com

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.

The concept for this new collection is based on the classic crystal chandelier, updating it not only in terms of the material used, but also changing the expressive language.

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