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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 north-west 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 southeastern 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.
LA ALQUERIA
REF: 263-00315P
Площадь виллы 699 м2 | Площадь участка 2.185 м2 4 спальни с ванными комнатами Современная вилла в La Alqueria (Бенавис) Цена 3.700.000 евро
Built 699 m2 | Plot 2,185 m2 4 bedrooms | 4 bathrooms en-suite Modern villa in La Alqueria (Benahavis) Price 3,700,000 euros
info@drumelia.com | www.drumelia.com | +34 952 766 950
SIERRA BLANCA
Площадь виллы 800 м2 | Площадь участка 1.850 м2 6 спален | 6 ванными комнатами Очаровательная вилла в Сьерра Бланка (Золотая Миля) Цена 2.850.000 евро
REF: 263-00367P
Built 800 m2 | Plot 1,850 m2 6 bedrooms | 6 bathrooms Fabulous villa in Sierra Blanca (Golden Mile) Price 2,850,000 euros
info@drumelia.com | www.drumelia.com | +34 952 766 950
Sweden’s leading estate agent in Spain.
FASTIGHETSBYRÅN IN MARBELLA, +34-951 191 000, MARBELLA@FASTIGHETSBYRAN.SE / FASTIGHETSBYRAN.SE/UTLAND
Sports & Leisure
Unveils Two New Residential Communities and Launches Sales of Exclusive Plots
La Manga Club is delighted to announce the release of two brand new communities and the sales launch of a handful of exclusive plots at its renowned Spanish resort. The Buganvillas community is located in a coveted location at the heart of the destination close to the tennis courts, restaurants and shops making it the perfect choice for families and older generations. It will comprise of ten plots which can either be purchased as custom built villas or as land plots which range from 500-900sqm. All have the scope to feature private swimming pools and come complete with Sports Rights giving owners access to reduced green fees. Plots are available from €230,000 and custom villas from €550,000.
On a separate site of more than 27,000sqm sits Las Acacias, a thoroughly tranquil enclave that will feature 29 plots. Prices are from €220,000 per plot, each of which has ample space for swimming pools and 3-4 bedroom villas with the option for spacious basements. Those investors seeking assistance with the construction of their property can opt to use La Manga Club’s resident management team and architects to ensure seamless delivery of their dream property. At the epicentre of the resort’s existing communities sit two rare plots that have just become available. With breath-taking views over the Mar Menor and the national park which rolls out beyond the resort boundaries, these vast 2,000sqm plots have been
aligned with the very latest modern design to offer two exceptional six bedroom, six bathroom villas. Ideal for those seeking the very latest in high tech finishes and modern architecture, the properties make the perfect homes for entertaining large groups of friends or family thanks to their Jacuzzis, infinity pools, large terraces, open plan living areas and cinema rooms. Prices are from €2,500,000. Established over 40 years ago, La Manga Club is a mecca for sports and wellness enthusiasts boasting some of the finest tennis, golf and football facilities in the whole of Europe.
La Manga Club Sports & Leisure It has 28 tennis courts, 8 football pitches and 3 immaculate golf courses all of which offer professional training facilities. Located in south east Spain, and easily accessible from the UK, this remarkable destination also offers volley ball, boules and padel courts as well as over 15 restaurants and bars, a 5* hotel, 4* apart hotel, indoor and outdoor pools, an expansive 2000sqm spa and fitness centre and a rustic beach. Set over 1,400 acres and bordered by national park land, La Manga Club has established a series of residential communities each with a distinct personality and architectural style which are woven amidst the wider resort amenities offering everything from studios to large villas all serviced by 24 hour security.
Given the popularity of the resort with holiday makers and sports teams from around the world, the vast majority of property owners opt to enter their homes into the centrally managed rental pool which delivers a reliable yield the year round. Typical resort occupancy levels average 80% in high season. Of the new launches, Sales Manager Karima Laamiri explains ‘We expect the Buganvillas and Las Acacias communities to be in high demand especially with British buyers who are attracted by the appeal of the resort’s year round sunshine and its consummate amenities. The modern architecture has proved particularly popular with families looking for the ultimate second home offering world-class sporting amenities in a gated community in
the sun with plenty of space to entertain and relax. The new plots represent the very finest architecture and will host two of the resort’s standout properties setting the benchmark for the finest luxury living at La Manga Club’. Two years ago the Las Mimosas community was launched and its first phase of 23 plots is 100% sold. The second phase is one fifth sold. All property owners automatically receive a La Manga Club Card which entitles them to up to 20% off all food and beverages, up to 10% off spa treatments and up to 25% off the cost of spa and gym memberships. Owners also have the chance to opt into Sports Rights which extend between two and thirty year terms and offer green fees at 50-60% of public rates. Property management can also be arranged with La Manga’s onsite teams either at a basic or comprehensive level depending on owners’ needs. Investors in the resort to date originate from Britain, Germany, Norway, Belgium, Holland, Switzerland and China. All have been attracted by the security of the resort, its high calibre sports and wellness facilities and the inclusive community feel of the destination which offers weekly golf and tennis tournaments, international sports tournaments and various opportunities for owners to meet and socialise together. Prices: Buganvillas Plots: from €230,000 Custom villas: from €550,000 Las Acacias: Plots from €220,000 New Plots: Total cost for plot and custom villa €2,500,000 www.lamangaclub.com
Situated right at the heart of Miami and conveniently located minutes away from the design district, notorious restaurants-shops and unlimited entertainment, Paraiso Bay has left no buyer-desire unmet.
600 NE 31st St Miami FL 33137 (+1) 305-244-3655 elisabeth@grandrealtyusa.com www.paraisobaymiami.net
MANSION Group is a specialized Belgian developer with 20 years experience in building and promoting exceptional villas in the Costa del Sol. We work together with you listening to your expectations, analysing your lifestyle and learning about your needs, aiming to make your dream house become a reality in this spoilt region in the South of Spain. MANSION Group consists of a passionate team of professionals in constant search for excellence and with the ambition to contribute to the preservation and enrichment of the wonderful heritage that lies behind the beautiful villas of the Costa del Sol. Architect, engineer, technicians and workers at MANSION Group bring together their knowledge and expertise to serve the most discerning clientele. Our team is trilingual in French, Spanish and English and, given that each of our villas is tailor made, we develop specific solutions for each project, so that we can exceed your expectations, while being compliant with existing rules of art and regulations. We carry most of our work with our own staff and equipment. We also offer 3D animations for a better understanding of our projects before their implementation, which help envisioning the final outcome and avoid unnecessary additional costs. Quality, timeless construction and competitive budgets are the keywords on which our reputation is built, as our past customers give testimony of, they being our best ambassadors.
selection of villas and lands available for sale on the Costa del Sol. We are committed to offer a full service to our customers. All our building contracts incorporate an after-sales service with a coverage that goes beyond official guarantees, and we may also provide a maintenance service for villas upon request (pool, gardens, installations….), for a totally stress-free experience. If you are considering purchasing a plot, we may facilitate a free of charge counselling service
provided by our in-house architect, Ivan Costenoble (www.cotenoble.eu). He will conduct a complete study of feasibility of the plot from the topographical, geotechnical, architectural and town planning points of view, along with a preliminary study of construction costs. Such professional study elaborated by skilled professionals will include all needed parameters to provide full confidence before purchasing your land and developing your own project.
You are welcome to visit our constructions and experience by yourself the perfect blend between authentic architecture and natural noble materials, new technologies, cosy and welcoming spaces. MANSION Group offers a range of services including architectural and urban projects, project management, building permits, interior design, decoration, landscaping and maintenance, along with the best
The residential area Altos de los Monteros is a unique natural reserve in Marbella, immersed in a green landscape environment with breath-taking views over the sea and the Costa del Sol bay. Its privileged location in a clean and relaxing surrounding is at the same time at easy reach from any facilities you may require. You will find Marbella’s lovely city centre with its well-preserved pedestrian Old Town at only a few minutes drive. Even closer than that, the Costa del Sol main hospital and one of the most prestigious areas, Bahia de Marbella, lay at the bottom of the valley, where you will find beaches with natural dunes and beachfront restaurants serving traditional Spanish cuisine. The area of El Rosario is located 5 minutes away, offering two of the best bilingual international schools, a tennis club including a gym and Pilates studio, and various shops, restaurants, supermarkets and access to beautiful beaches. For a wider shopping offer, La Cañada shopping mall is located at 10 minutes drive, where to find a big international supermarket, cinemas, beauty
centres, restaurants, bars, and all offer in national and international brands for fashion, cosmetics, books, and gadgets. Whether you are a keen golfer or you are willing to learn, three of the most prestigious golf courses in the Costa del Sol surround Altos de los Monteros. Rio Real Golf -which includes its own 5-star boutique hotel-, Santa Clara Golf -with a golf academy and charming social club-, and Marbella Golf & Country Club, also featuring an elegant social club and golf academy, as well as tennis courts. 5-star accommodation facilities are also located at a few kilometres, such as Los Monteros Hotel, featuring a SPA and a fabulous beach club. Altos de los Monteros is defined as an area where to live peacefully. Surrounded by nature and within reach of all the amenities that Marbella has to offer, Altos de los Monteros is a valuable investment for the future, with existing area projects that will improve its facilities and incorporate new services. Definitely a unique opportunity to start living... the Marbella dream…
www.mansionbuilding.es info@mansionbuilding.es (+34) 619 063 724 (+34) 951 271 130 Urb. Altos de los Monteros, C/. Jara 19-3, Marbella (Spain)
Price from: 995.000 â‚Ź 4 bedrooms with ensuite bathrooms, 1 guest toilet, Lounge + dining room, Kitchen, carport for 2 cars, Swimming pool, covered an uncovered terraces. Plot: 1.240 m2 __________________________ Living surface: 524 m2 __________________________ Terraces: 325 m2 __________________________ Covered terrace: 75 m2 __________________________ Pool: 50 m2 __________________________ Choose between modern or classic style
Garage: 37 m2 __________________________
Description of the plot and the area: Stunning views, south facing plot, green zone in front. Quite place, 10 min. to Marbella center, 5 min. to the best beaches of Los Monteros. Close to the Hospital Costa del Sol. Exclusive area. Golf courses: Santa Clara Golf, Rio Real Golf, and Marbella Golf Club.
VAT, Notary fees and building license not included in price
Price from: 995.000 â‚Ź 4 bedrooms with ensuite bathrooms, 1 guest toilet, Lounge + dining room, Kitchen, carport for 2 cars, Swimming pool, covered an uncovered terraces. Plot: 1.509 m2 _____________________________ Living surface: 412 m2 _____________________________ Terraces: 272 m2 _____________________________ Covered terrace: 110 m2 _____________________________ Pool: 50 m2 _____________________________
Description of the plot and the area: Stunning views to all the coast, south-west facing plot, green zone in front. Peaceful area, 10 min. to Marbella center, 5 min. to the best beaches of Los Monteros. Close to the Hospital Costa del Sol. Exclusive area. Golf courses: Santa Clara Golf, Rio Real Golf, and Marbella Golf Club. VAT, Notary fees and building license not included in price
The Abama Residences Defining the luxury market in Tenerife
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verlooking the Atlantic and La Gomera Island on the west coast of Tenerife, this remarkable residential development features amenities of the highest calibre and an unrivalled lifestyle. Stylishly appointed Abama Terraces apartments, turn-key luxury residences and Abama Custom Villa Plots are available for purchase within the 160 hectare estate designed by Chilean/Bolivian architect Melvin Villaroel. Following the first Phase release of 30 apartments, all properties have now sold and Phase 2 of The Abama Terraces is now available with a marketing suite recently unveiled. Recently released is the Abama Bellevue, a collection of eight turn-key detached villas overlooking the fairways of the golf course and the waters of the Atlantic. Of the international demand for their properties, Director of Marketing Elodie Casola comments ‘We have sold to a variety of nationalities including British, Belgian, Russian, Norwegian, Finnish, German, Swiss and Austrian. All have been impressed by the beauty of the location, the extremely high service levels and the quality of the amenities. We have been encouraged by the fast sell out of Phase 1 and consistent levels of demand for our residences including the Abama Terraces apartments, the Abama Custom Villa Plots and Bellevue Villas.
Originally conceptualised as a destination to entertain good friends and family, The Abama Resort has grown into one of Tenerife’s most luxurious residential destinations offering coveted properties and an unparalleled lifestyle.
From the moment they arrive, residents at the Abama Resort are surrounded by an assortment of carefully curated amenities and services. Two Michelin starred restaurants with a total of three stars between them serve highly regarded Japanese and Mediterranean dishes alongside 8 other restaurants whilst the indulgent spa is designed by the team behind the Sanctuary spa in London and Chiva Son in Thailand featuring a range of personalised treatments to nurture the body and soul’.
ABA MA
Avid sportsmen and women will be put through their paces on the sea fronting Dave Thomas designed golf course which features 300 species of subtropical plant life and 22 lakes. They can also enjoy seven professional tennis courts and all the facilities provided by the Ritz Carlton, Abama which is within easy access of all residences. Rare to the region is the resort’s exclusive golden sand beach which is the perfect place for a sundowner to remember after a trip to the resort’s boutiques featuring brands including Burberry, Miu Miu, D&G, Gucci, Piaget, Omega and Porsche accessories. At the Abama Resort, architecture takes inspiration from North African tradition and ancient Chinese Feng Shui principles. Two and three bedroom Abama Terraces apartments range from 130sqm to 220sqm and boast balconies overlooking the ocean and tropical gardens. The Abama Custom Villa Plots occupy front line positions on the golf course and allow owners to custom design their dream home. There is also the possibility to develop private gardens and a pool and access to the resort’s architects can be facilitated on request.
The Abama Bellevue Villas meanwhile feature internal surface areas of 260 sqm on plots of approximately 500 sqm. Each comes with private parking, a private pool and a mini-pool on the first floor and make for the perfect family home. All properties offer private access and 24 hour security.
With an annual average temperature of 18-24°C, Tenerife boasts one of the longest European seasons and is a popular escape for British travellers throughout the year. Nestled on the desirable west coast, the Abama Resort is easily accessible with regular direct flights from London.
PRICES: n Abama Terraces apartments start from €500,000 n Bellevue Villas start from €1,650,000
For more information call +34 922 126 011 or vist: www.abamaluxuryresidences.com
n Abama Custom Villa Plots Phase 1 from €750,000 and Phase 2 from €540,000
Your professional real estate partner for all types of properties in the Marbella area. We can offer you a selection of more than 15.000 properties. You can choose between brand new luxury developments, fantastic well priced resales, and attractive bank repossesions & distressed sales in all price ranges. Established on the coast since 1998
A-22501-D
Luxurious modern living - Reduced by 60% Set on the slopes of the Sierra Blanca one of the most exclusive areas of Marbella, this avant-garde development captures the Zen philosophy offering an aesthetic use of light, water and space. This spacious development is home to a selection of 58 private luxury townhouses, split into 2, 3 and 4 bedrooms and range from 350m2 to 940m2. The spacious properties have been designed to allow light to enter the rooms at every angle ensuring no dark spaces are visible. High gloss materials, glass, wood, stone and marble have been carefully chosen for their quality and luxurious finish to add to these luxurious properties appeal. Lavish features include ample terraces, private swimming pools, gardens, wine cellars and private lift access from the secure garages below. Under floor heating, intelligent alarm systems and of course air conditioning round off this special development for only the most disconcerting of clients. The development also offers three Spas where you can enjoy the use of saunas, Turkish baths, an indoor pool and a fully equipped gym. This is an urbanisation where luxury has no limits!
€715,455 - 2,600,500 | £529,436 – 1,924,370 Henger Real Estate Hotel Andalucía Plaza Local 26 / N340, Km 174 E-29660 Nueva Andalucía Marbella Tel. (+34) 952 90 87 66 info@henger.es www.henger.es
THORSTEN HENGER (+34) 659 476 421 (+34) 952 908 766 MICHAEL HAAS (+34) 619 161 680 (+34) 952 908 766
Golden Mile Marbella Las Lomas del Marbella Club Urb. Coto Real, Fase 1, Local C/ Sierra Bermeja, s/n E-29602 Marbella
Sales are managed by Smart Property Professional: (+34) 951 239 866
New Luxury Estate Benahavis Mountain Setting Tucked away in the folds of the Sierra Bermeja mountains, Benahavís Hills benefits from expansive panoramic views across the Mediterranean coastline from Marbella to Gibraltar. A perfect hide-away for those seeking peace, tranquillity and a healthy lifestyle, while also being conveniently located just located just 7 kilometres inland from the glamorous coastal hotspots of Puerto Banús and Marbella. For a more Andalucian experience the acclaimed restaurants and entertainment venues offered by Benahavís Village are literally the doorstep. This unique private estate is comprised of just 40 luxury homes serviced by an exclusive members-only wellness centre, providing quality dining, fully equipped gymnasium and spa facilities, outdoor recreational zones with a large communal swimming pool and entertainment areas. Benahavis Hills Country Club comprises 36 villas and four townhouses, each with private swimming pools and landscaped gardens – all homes benefit from panoramic sea and mountain views and expansive interior and exterior living areas. These luxury rustic contemporary villas, have been re-conceptualised and upgraded to the highest specifications - offering all the amenities that one could wish for:
• • • • • • • •
Spacious interiors with options ranging up to 757 square meters! Private gated estate with 24 hour onsite security Large individual swimming pools with infinity options Lush garden areas with decking and covered terraces Grand en-suite bathrooms in every bedroom; underfloor heating Large basement areas offering a blank canvas of options Fully fitted Gunni & Trentino designer kitchens with all appliances 7 Individual property layouts, with options to suit all requirements
Those taking advantage of the excellent facilities at the Benahavis Hills Wellness Centre receive help to achieve specific fitness or performance goals “while our elite staff will motivate and inspire you as much as the surroundings do”. The centre features complete Cybex cardio and weight training equipment, heated indoor pools, Jacuzzi, steam and sauna, and an outdoor pool with stunning views and cabanas “where you can not only soak in the magnificent vistas but relax as our expert massage therapists pamper your body”.
www.benahavishills.com
www.smartpropertyprofessional.com
THE NEW WAY TO BUY IN SPAIN
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TRATEGIC & Buy was born out of the bureaucracy that CEO Sheena Campbell-Royle experienced when buying her own property in Spain 12 years ago. Recognizing the myriad pitfalls, rigidity and legal intricacies surrounding the buying process for foreigners, she strove to develop a personal service that assumed responsibility and navigated the often arduous procedure which has given rise to well documented problems with second home purchases. Differentiating itself from developers selling bargain properties in Spain, Strategic & Buy tells the country’s other story, concentrating on sourcing superior properties and matching them carefully with buyers’ individual needs. With no properties on its books, Strategic & Buy remains 100% focused on the client and their unique requirements meaning that all properties are selected with the individual buyer in mind. It has garnered a team of experts including English and Spanish speaking lawyers, architects and bi-cultural sales representatives who are on hand to guide purchasers through the entire process. The Strategic & Buy concept is a simple one; dedicated advisors will be assigned to every client to offer a bespoke and comprehensive service assuming responsibility for everything from the sourcing of homes to the legalities
Strategic & Buy are a luxury buying consultancy who specializes in the sourcing and purchase of high end properties in Spain. Discrete, bespoke and refined, Strategic & Buy offers a new way to buy, refurbish or create residences in one of the most popular second home destinations in Europe associated with the purchase. Immediate property requirements will be discussed in detail, after which the Strategic & Buy advisor will source properties both on and off the market, present their findings and help clients to shortlist their favourites. At this point extensive due diligence is carried out including in-depth examination of existing and future urban and rural planning to assure clients of the validity and security of their purchase options. Offering a service akin to personal shopping, former President of the British Chamber of Commerce in Spain, Sheena Campbell-Royle speaks of the bespoke and professional service that Strategic & Buy has honed. ‘Whether a client craves a deserted farm village, a chalet
in the foothills of the Pyrenees or a modern new build on the coast, Strategic & Buy can provide access to the widest cross section of Spain’s real estate supply. No individual ask is too large, if a client seeks an English speaking neighbour or an inclusive community of Spaniards we will know where to look and how to deliver.’
INTEREST Thanks to its temperate climate, accessibility from the UK and landscape offering a stunning coastline, dramatic mountains and beautiful inland areas, Spain remains one of the most popular countries for second home investments. Indeed, Property Wire reported that Overseas Guides Company found that
requests for information on ‘Spain…recorded a 50% year on year rise in interest for the year to the end of September 2013. Similarly, Spanish Property Insight cited a survey from Rightmove Overseas in February of this year which stated that ‘Spain is back in the number one spot with British property investors buying abroad.
For further information about this bespoke property service visit : www.strategicandbuy.com
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