Property
be Ma s m t p laga ag ro ’s az pe in rty e
www.theolivepress.es
www.theolivepress.es
Issue 27
March 2019
Know what this is? It’s just helped an architect win the world’s most prestigious prize
13
March 13th - March 26th 2019
See Legacy on page VI
King of cool Spanish maestro celebrated for five decades in the business, see STARchitect page XII
Still hot
SIMPLE, INTRICATE AND STYLISH: Bofill’s works are all, or a mixture, of the three
B
RITISH buyers in Spain have beaten pre-Brexit referendum records despite the doom and gloom, new figures have revealed. Shrugging off the UK’s imminent departure from the EU, the sale of homes to plucky Brits rose 12% in 2018 to 10,178 - beating the 2016 record of 10,156. While UK buyers declined significantly in the quarters after the referendum in June 2016, and by a massive 28% in the last quarter of 2016, they started recovering to increase by double-digits
The Brits have not stopped investing in Spanish property with a 12% rise in purchases last year
last year. It means the UK’s share of the foreign market has been steadily increasing from a low of 14% in the first quarter of 2017 to 17% at the end of 2018. Although this is not yet back to the levels prior to the referendum
due to other nationalities flooding the market, it is expected to rise again this year. According to property expert Mark Stucklin, of Spanish Property Insight, the weakness of Sterling against the Euro was the leading cause of the drop in demand. “Once the Pound stabilised at a lower level British demand also stabilised and then began to grow again,” he explained. Continues on Page III
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March 2019
PROPERTY
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March 13th - March 26th 2019
Going steady
Foreign buyers back off but there’s no cause for panic yet, writes experienced analyst Mark Stucklin from Spanish Property Insight
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OREIGN demand for property in demand has come to an end, at least Spain is getting more diversified for now. Back in Q4 2017, foreign debut the overall number of buyers mand was growing at 20% per annum, did not grow last quarter for the whilst back in 2016 it was growing by more than 30% in some quarters. But first time in years. The Association of Spanish Land Regis- even though growth has fallen to zero trars has just published its Spanish pro- as of Q4 2018, foreign demand is stiperty market report for the last quarter ll around 13% of the Spanish property of 2018 in which, amongst other things, market, where it has been since 2014, it breaks down demand by nationality. having risen from a low of 4% in 2009. The latest figures show the overall market was up 7% in Q4 to 120,199 home Who’s buying? sales inscribed in the Broken down by nationality the British are still Spanish Land Registry. number one with 2,524 That was the lowest level The German recorded purchases and of growth in the annualised quarterly figures market looks like 17% foreign market since the Spanish proshare in Q4 2018. They it’s overtaking perty market started to were followed by the recover back in 2014. Germans with 1,178 the French The growth was entirepurchases (8% market market ly driven by rising local share) and the French demand - up by 8.6% to with 1,130 acquisitions 104,982 home sales. (7% market share). The biggest group, with 6,863 purchase Foreign demand in Q4 2018 and 45% of the foreign market, was the The number of Spanish homes bou- rest of the world, the sum of all other ght by foreign buyers in Q4 2018 was countries whose nationals have bought 15,217 - almost unchanged compared property in Spain. to the fourth quarter of 2017. So the British are still the single biggest Unchanged means that foreign de- group by far, despite all the uncertainty, mand did not grow at all in the last problems, and weaker pound brought quarter for the first time since 2010, on by Brexit. meaning the upward trend in foreign It’s also interesting to note that the Ger-
mans were the second biggest group of buyers in three quarters out of four last year, whereas traditionally the French have been the second biggest group after the British. The German market looks like it’s overtaking the French market, with potentially positive implications for the Balearics, where the Germans mainly buy, and negative ones for Catalunya, where the French tend to buy. Looking at the annualised change in foreign demand by nationality we see more countries contracting than growing for the first time since the bust a decade ago. Important markets like Sweden (-29%) Norway (-16%) and Belgium (-15%) were heavily down. Were it not for growth in the two biggest sources of foreign demand – the UK (+6%) and the rest of the world (+13%) – overall foreign demand would have been significantly down in Q4 2018, with all key countries bar the UK in negative territory
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(chart above). I assume the growth from the rest of the world group comes from an increasingly diversified number of countries providing a small number of buyers each (the Registrars don’t tell us). For the first time since they started publishing this data the US was a big enough market - with 144 buyers in the quarter - to be listed in its own right. What’s going on? Clearly, foreign demand for Spanish property is cooling down and each market will have its own story to tell. But the fact that so many key markets are going cool on Spain at the same time suggests part of the explanation lies in Spain itself. I guess part of the story is rising house prices that make Spanish property start to look expensive, or at least no longer a bargain. For quite a long time during and after the Spanish real estate crash
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that started a decade ago, Spanish house prices looked like an absolute bargain to many foreign buyers. In retrospect it was a great time to buy. House prices have been steadily rising ever since in most areas that attract foreign investors. And at some point, rising prices combined with other reasons to be wary about investing in Spanish property are bound to give a growing number of foreign investors cold feet. Or maybe it’s just a temporary dip before the trend roars back up. Time will tell, but I have my doubts. I don’t expect foreign demand for Spanish property to go into a sharp decline but I wouldn’t be surprised if growth is weak, flat or even negative over the next few quarters. And once again, the British are holding up foreign demand. Brexit, just around the corner, could have a big impact, one way or another, though, nobody still seems to know what Brexit is or will be.
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March 13th - March 26th 2019
Keep calm and buy on From front
He added that buyers at the bottom end of the market simply lowered their budgets, rather than abandoned altogether their intention to buy. “And at the high end of the market there has been little change in budgets, I’m told. People with money tend to be well diversified.” Other agents said the trend is likely to continue after Spain this month vowed to protect the rights of Brits living in the country.
Fiasco Conor Wilde, head of agency Found Valencia said: “Over the past four months we have been consistently showing more property to British buyers. “These buyers will revisit Spain once Brexit has settled. And since the news last week that the Spanish Government will safeguard the rights of British people living in Spain we have seen a dramatic increase in enquiries from the UK.” He added however: “We will not see a large scale sales change until this Brexit fiasco is over.”
COMFORT: Huge Mallorca pad helping Schumacher (inset) recover from injury
Up to €6,000 per metre squared, as prices of a new des res on the coast soar THE price of new property on the Costa del Sol has soared to upwards of €6,000 per square metre as demanding buyers drive up quality. Clients are now mostly wealthy foreigners who want a place for personal use rather than for investment, according to real estate consultants CB Richard Ellis (CBRE). The CBRE study also revealed new build properties are now of a higher quality with better design and communal services. “Before the crisis properties were
built without thinking of the client’s needs or quality because everything sold,” said CBRE valuation director
Brilliant score PRICEY: Building in Mallorca and (right) Andy’s new pad
vate terrace overlooking the Plaza de las Tortugas where second division Real Mallorca RCD celebrates its victories. The property’s 2,500 square meters of floor space is divided into five homes, the most expen-
sive of which was sold for 10 million euros. Former US tennis pro Kohlberg, is co-owner of the Phoenix Suns basketball team and has been President of RCD Mallorca since September 2017.
Andres Moreno. “Now a lot more care is being taken; everything is designed with the end
March 2019
Formula Mallorca min, in Port d’Andratx, Mallorca,. confirmed they saw the German racing legend arrive by dark blue helicopter on the Spanish island. It is believed that Schumacher was also at the property for New Year’s celebrations and his 50th birthday on January 3, though it is not known if he is living there permanently. Schumacher won 91 races in a record-breaking F1 career before suffering a
Costa lotta
BOSS: Andy Kohlberg
THE president of Mallorca’s football club has brought an exclusive penthouse on top of the most expensive building in Palma. Andy Kohlberg snapped up the 500 square metre apartment in Palau Can Puig, a historical building on Palma’s prestigious Avenida Born, for almost €6 million. One of the penthouse’s many attractions is the pri-
MICHAEL Schumacher is reportedly spending winter at a luxury €30 million Mallorca mansion with round-theclock carers. A respected German magazine said the seven times Formula 1 Champion’s family celebrated Christmas at the mammoth property they purchased last year – swapping icy conditions at their home at Lake Geneva, Switzerland, for sunny skies in the Mediterranean. Neighbours of the Villa Yas-
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buyer in mind; it’s no longer a case of ‘anything goes’.” The most expensive properties are found in Nueva Andalucia, in Marbella, and Benahavis, which weigh in at €6,000 per square metre. Meanwhile, developments for sale in Torremolinos and Fuengirola go for prices above €4,000 per square metre. The report reveals the areas with the greatest property sales growth are Benahavis and Manilva, at around 40%. Growth in new home sales has grown in almost every Spanish region each month for the last two years, according to separate research by Lucas Fox. The average property prices in Madrid ended the year on €3,846 per square metre In the capital’s most sought-after districts of Chamartin, Chamberi and Salamanca housing went for €5,016 per square metre to €6,043 per square metre. Property prices are also on the up in Barcelona where a flat in the desirable district of Gracia goes for €4,346 per square metre.
traumatic brain injury in a skiing accident in 2013. He was reportedly receiving €50,000-a-week treatment from a team of 15 physicians and nurses at his Swiss home. Villa Yasmin previously belonged to Florentino Perez, president of Real Madrid, and boasts two swimming pools, a large manicured garden, a helipad and stunning western views over the Balearic Sea.
Betting on Madrid
CHAMPION British jockey Richard Dunwoody is on the hunt for a new home in Spain. The 55-year-old horseracing hero who won the Grand National in 1994 revealed to the Mail on Sunday that he has his sights set on buying a new pad in Spain and property hotspot Madrid is leading the field.
Crushed Dunwoody currently rents a home there with his wife Olivia, 46 and their three-year-old daughter Millie. “I like going out for breakfast here,” he said, “I will have a cafe latte and toast with crushed tomato in a cafe, and try to read what is going on with Brexit in the Spanish newspapers - I can read Spanish a lot better than I can speak it.” He added that it made sense to rent a place first before buying a home.
JOCKEY: Richard Dunwoody
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PROPERTY
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March 13th - March 26th 2019
Bravo for Brava! March 2019
Authorities take radical step to block thousands of homes on stunning Costa Brava
ENVIRONMENTALISTS are delighted with a shock move that has left thousands of owners and developers high and dry on the Costa Brava - at least temporarily. As many as 15,000 new homes and at least two hotels could be affected in the radical ruling by the Girona authorities. The regional planning department has imposed a total stop on all new development covering 2,000 hectares of the stunning stretch of coastline. “It’s an incredibly brave step and well overdue,” insisted a spokes-
BEFORE AND AFTER: Costa Brava has been branded overdeveloped while (inset) photo of coast from the 1950s
man for green group SOS Costa Blanca. However, local landowners dis-
Get Intu it!
agree insisting it leaves countless plots of building land virtually worthless, both as an investment
and even to build homes. A series of mayors have hit also out insisting it will seriously affect
British developer brings southern Europe’s largest leisure park to the Costa del Sol
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GAME-CHANGING: New park will feature huge water spaces, a shopping centre, theatre, aquarium, wind tunnel and more with an estimated cost of €600 million
HE massive shopping and leisure park planned for Torremolinos is green for go after years of delays and setbacks. British developer Intu has announced that the first batch of contracts have been awarded to builders Dragados and Sando, which collectively form the Temporary Union of Companies (UTE). Set to cost around €600 million, Intu Costa del Sol will feature a theatre, wave pool, aquarium, hotel and a 23,000 square meter sports area with a climbing area and wind tunnel. Intu claims the complex, just north of the Palacio de Congresos, will be the largest commercial and leisure park in southern Europe. Its design will follow the ‘shopping resort’ formula, which allocates one third of space to commercial businesses and two thirds to leisure activities. The shopping mall will house some of
the world’s leading brands, some of them for the first time in Spain. The huge project only won approval after stumbling blocks over its effect on nearby roads and water systems were finally removed by the developers. The complex will use renewable power and an energy-saving system while at least 20% of the development will feature recycled materials. A water recycling system will irrigate green areas while native plants used to Spain’s dryer conditions will reduce the amount of watering needed. Intu has also vowed to hire unemployed locals and make the ‘smart city’ as accessible to the disabled as possible. The €160 million starter fund will be spent on removing earth and making way for the foundations. IDOM and SBS engineering and the WATG architecture studio are involved in the design aspect of the project.
the local economy, already badly affected by the Catalan independence issue. The so-called ‘moratorium’ - even on land zoned as urban and developable - affects 19 of the 22 municipalities on the coast, between Portbou in the north and Blanes in the south. Only the municipalities of Castell-Platja d’Aro, Calonge i Sant Antoni and Castello d’Empuries have escaped the ruling. All land within 500 metres of the coast is affected and any development in this strip is immediately suspended if 50% or more of the plot has a gradient of 20 degrees or more. How far the ban reaches inland depends on the municipality but in some areas it stretches kilometers into the interior. The regional authorities have justified the moratorium on the grounds of protecting the landscape in an area bidding for Unesco Biosphere Reserve status.
Shelved The building freeze has been brought into force while a new Master Urban Plan for the region (Plan Director Urbanístico or PDU) goes through the process of public consultation. The PDU aims to reorganise urban planning with a stronger focus on environmental sustainability. The most hard-hit municipality is Roses, where some 5,900 new homes are put in jeopardy. The area around the upmarket town of Begur is also seriously affected, with hundreds of projects temporarily shelved. Well-known tourist hotspots like Cadaques, Tossa de Mar, and Sant Feliu de Guixols have also had all new licences suspended. Begur mayor Joan Loureiro blasted Girona for imposing the plan without consulting the municipal authorities. “We wanted a moratorium for problematic areas but they have imposed it on all the territory, and where before there were no problems now there are,” he insisted.
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PROPERTY
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Legacy Architect of Spain’s largest indoor sports arena scoops this year’s prestigious Pritzker Prize LEAVING HIS MARK: (Left to right) the Domus in A Coruña, Barcelona’s Palau Sant Jordi and the D38 Office in Barcelona
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APANESE master builder Arata Isozaki has won the architectural world’s equivalent of the Nobel Prize. The 87-year-old maestro was crowned the winner of the 2019 Pritzker architecture prize for his decades of thought-provoking and original work. Regarded as a visionary who helped foster an architectural dialogue between east and west, Isozaki was behind several projects in Spain including the Palau Sant Jordi, still the largest indoor sports arena in Spain.
He created the 17,960-capacity complex for the 1992 Summer Olympic Games in Barcelona, siting it partially below ground to draw focus to the surrounding hillside. He is also known for designing an inflatable concert hall in Japan. The jury for the Pritzker noted: “In his search for meaningful architecture, he created buildings of great quality that to this day defy categorisations.” Isozaki was born in Oita on the island of Kyushu, in 1931. The 1945 atomic bombing of
ORIGINAL: Inflatable concert hall
nearby Hiroshima had a profound impact on him as a child. “I grew up on ground zero,” he recalled. “It was in complete ruins, and there was no architecture, no buildings and not even a city. “Only barracks
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and shelters surrounded me, so, my first experience of architecture was the void of architecture, and I began to consider how people might rebuild their homes and cities.”
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Bedrooms: 5 Bathrooms: 6
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This is the only 5 bedroom, 5 bathroom villa of its caliber inthe area. Set in an elevated, south facing position, enjoying truly breath-taking panoramic coastal views. This propertyis enormous in size while being exceptionally priced. Set over 3 floors, it offers 700m2 of living space, distributed between 500m2 of internal living areas and over 200m2 of terraces. The impressive arched entrance leads to a dramatic reception area, flooded with natural light.
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Going the extra tile Ceramics are the hot new design trend styling up interiors this year
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F you love interior design and are not afraid to use bold colours and patterns, you would have been in your element at this year’s Cevisama. The only annual ceramic tile trade show which tracks European trends, statement-making designs were the clear star of the show, held in Valencia last month. “The trends for 2018 and 2019 follow the path they opened during last year’s trade fairs: risky products where colour and decoration are once again on show,” said a Cevisama spokesperson. “Small or large, the material is the protagonist: marbles, granites, large-veined stones, flecked.. It is a good time for raw and also polished materials that are strengthened thanks to the growth of the worktops sector.” Here we have rounded up some of the most on-trend looks from the expo to make you smile as you restyle with tile.
Tile déco Hark back to the Art Deco era with a modern take on classic designs from the 1920s and 30s.
Brutalist Style Raw and rough, this industrial style takes its cue from geological rock formations of old and modern block design. Tiles featuring stone fragments, volcanic stones and igneous rocks such as granite are bang on trend right now.
MidCentury A clear nod to pop art influences from the 1950s and 60s, this trend pairs vibrant coloured tiles with dark wooden furniture.
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March 13th - March 26th 2019
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March 2019
Light Marbled The mottled surfaces and subtle veins of marble create a room that lives and breathes.
Restored materials Simple but creative designs which see classic ceramics and tiles used in very unique ways.
Dark & watercolour Dark, shadowy and watercolour effects on surfaces create spaces with an air of decadence and sophistication. Neutral, grey and black tones combine with cold white and blue to create dreamlike atmospheres.
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March 2019
PROPERTY
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March 13th - March 26th 2019
Good eye in the sky Incredible drone shots show one city’s symmetry from a bird’s eye view
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HESE are the stunning aerial images of Barcelona that have won a European photographer worldwide acclaim. The fascinating eye-in-the-sky collection by Hungary’s Marton Mogyorosy ditch the city’s most photographed sites for simple, symmetrical apartment blocks. Captured from way above the rooftops, his images take on the geometric appearance of abstract art. Several photographs focus on the Walden 7 apartment designed by Spanish architectural maestro Ricardo Bofill (see STARchitect overleaf), who made headlines recently for transforming an abandoned cement factory into his own home. Mogyorosy used a drone to take the striking images which reveal the Catalan capital’s precise grid design.
EYE-CATCHING: Stunning aerial shots feature Barcelona’s ports and apartment buildings which reveal a strikingly symmetrical design, including the Walden 7 apartment block designed by celebrated Spanish architect Ricardo Bofill (right)
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STARchitect Spanish maestro’s five decades career celebrated as he turns 80
A
ORIGINAL: (Top left and centre) Walden 7 building in Barcelona while (bottom left and inset) Obecni Dvur in Prague
NEW book has been published to honour one of Spain’s most successful architects in the year he turns 80. Ricardo Bofill: Visions of Architecture presents a collection of the maestro’s best works over 56 years. Born in Barcelona, Bofill has produced a massive range of thought-provoking building designs as well as landing huge glitzy commercial contracts - including the Desigual headquarters and Quingdao Airport in China. In Spain he is best known for La Fabrica in Catalonia, a cement factory which he transformed into his own luxury home and studio. A labour of love that took 40 years to complete, the brutalist grey concrete exterior - pictured in Olive Press property in 2017 - hides a sleek modern home covered in bright and alluring flora. ‘Bofill is a romantic’ explains respected architecture news website Wallpaper. ‘His work channels the mystic geometry of Giorgio de Chirico, the bright palette of Luis Barragán and the carefully controlled perspectives of Piranesi. ‘Ultimately, however, the artist at work is Bofill himself.’ Continues overleaf Take our photo tour of the starchitect’s best works.
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March 2019
COLOUR BOMB: Pink and blue La Muralla Roja sits next to the green and abstract Xanadu - which houses 19 apartments on the coast of Alicante
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XIV 26
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STARchitect cont.
UNIQUE: (Clockwise from top left) Mohammed VI Polytechnic University in Morocco, the Meritxell shrine in Andorra, the Les Espaces d’Abraxes in France and (below) the El Anfiteatro, consisting of 27 luxury apartments, located in Calpe in Alicante
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March 2019
LUXURY LIVING: (Left) Bofill’s own home while (right) a villa he designed in Emporda while (below) a previous issue featuring his home on our front page
Property www.theolivepress.es
STRUGGLING March TO29th - April 11th 2017 SELL YOUR SPANISH PROPERTY?
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Anything but a dump Mogul’s Marbella TV debut
Page III
Tivoli world makeover
Page V
A dedicated Spanish architect has spent more than 30 years turning a rundown cement factory into his perfect home and office space
Page XI
Bad practi ce
I
T is a practice that most property professionals had hoped was a thing of the past. But Olive Press Property can reveal that tionable practice of charging buyers the ethically quesrearing its head again on the Costa del as well as sellers is Sol. According to sources, at least two agents in the Marbella area have recently stung their buyers with bills of up to 5%. The so called ‘finder’s fees’ are in addition from taking commission from the seller.
“It’s disgusting,” said Terra Meridiana’s nothing wrong with finder’s fees if you Adam Neale, “I have ent beforehand, but I have heard from agree it with the clicertain agents are adding a 5% fee with several buyers that “It’s bad ethics and gives agents on the no prior warning. Costa del Sol a bad name.” Mike Smith, Chairman of Marbella-based agreed that charging potential buyers First Choice Spain, such fees was ‘ob-
EXCLUSIVE: Agents unite as some ‘bad apples’ are slapping finders fees on buyers without warning
scene’, especially when you consider high purchase taxes which are often inthey already have very “We as agents are paid by the sellers excess of 10%. and we never charge a fee to a buyer,” he said, “On the whole very well as it is, without the need to start our industry works additional fees to buyers. We should charging such high be encouraging them to invest here!” Ben Bateman of Holmes in Sotogrande added he was aware of the practice happening ‘in a few cases’. “It is totally unethical and gives our business a bad reputation for sharp practices,” he said.
“I have no objection to agents operating but I do object when these so called with a finder’s fee, without declaring from the outset that buyers bill both sides He added: “When unscrupulous agentsthey will be doing so.” abuse the system by adding extra amounts, the whole industry suffers. “Beware of this sharp practise.” Legal expert Antonio Flores added that such practises can be deemed illegal. “It is not illegal to have your commission with the agreement of the vendor,” he built into the price, The problem is when an agent adds told the Olive Press. but does not tell the buyer or seller. a commission on top “This happens when the agent is the middle man and the parties are not in touch via their lawyers. This is actually a criminal offence.”
Have you been a victim? email newsdesk@theolivepress.es
STRUGGLING TO SELL YOUR SPANISH
Granada’s new eco-village
Page xIV
Andalucia’s highest towns
Page xVII
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All Property Types Sought For a Range Of Client Needs Marketed Internationally Across Major Internet Ad Portals w
Monthly Vendor Updates Using Latest Data Analysis Tools Highly Motivated Professional Sales Team
Discuss all your property requirements at our Calahonda Office - Calle Merida de Jarales 14, Centro Commerical Jarales de Calahonda, Mijas Costa, 29649
Visit our Website at www.rightcasa.com - Email: info@rightcasa.com
XVI 28
March 2019
PROPERTY
www.theolivepress.es
March 13th - March 26th 2019
NEW SKOOL: Lady Elizabeth School in Javea comes complete with a new indoor swimming pool and football pitch and a cooler than cool design by Arquivir Arquitectos
Design lesson
IT is certainly one of the most stunning school developments of recent years. And now with the completion of its indoor pool, the brand new Lady Elizabeth School, in Alicante, is to have its grand inauguration this month. The €13 million development, in Benitachell, near Javea, took a year to finish and now houses over 1,000 pupils all under one roof (well a few to be fair). “It’s an inspiring place in and it’s functioning well,” explains Canadian headmaster Chris Akin. Prospective parents will literally be blown away by the location and style of the place, which took a year to build and unites the junior and senior schools for the first time. The international school was designed by Arquivir Arquitectos and built by local firm VAPF . The school is part of a chain of over 30 international schools globally, including Laude in Marbella and the British School of Malaga, formerly St.George’s.
PROPERTIES SELLING FAST AT THE SPANISH ESTATE AGENT! Thinking of Selling? Get in touch with The Spanish Estate Agent – the fastest growing agency on the Costa del Sol
Phone us now on +34 951 516 905
It’s your move! • Properties urgently needed for eager buyers • Tap into our worldwide, award-winning marketing • Dynamic, motivated and professional sales team Come and discuss your property with our friendly sales consultants at Avenida Espana 250, Estepona 29680. Or visit our website at www.thespanishestateagent.com Email info@thespanishestateagent.com
www.theolivepress.es
March 13th - March 26th 2019
NEW LISTINGS
Tel: +34 951087933
WE ARE HERE FOR YOU - ASK FOR MORE INFORMATION
ELVIRIA BAJA
SAN PEDRO PLAYA
APARTMENT ·285.000€
·Ref A1352
·Beds 2/ baths 2
·Built 111m2
·Terrace 28m2
·Fully furnished
·Pool communal
·South facing
·Garden views
·Close to golf
APARTMENT ·430.000€
·Ref A1347
·Beds 2/baths 2
·Built 119m2
·Terrace 22m2
·Pool communal
·Beach 350m
·Garden views
·Garage and storage
DUQUESA
CASARES
VILLAS ·From 495.000€
·Ref V1338
·Beds 4-5
·Built 424m2
·Terraces 144m2
·Pool 32m2
·Plot 519-654m2
·Sea views
·Eco design villa
APARTMENT ·179.000€
·Ref A1351
·Beds 2/ baths
·Built 82m2
·Terraces 37m2
·Pool communal
·Private garden
·Garden views
·Garage and storage
NAGÜELES
ESTEPONA BEACH
ELEGANT VILLA ·1.598.000€
·Ref V1346
·Built 471m2
·Plot 522m2
·Beds 4/baths 5
·Cinema, sauna
·Double garage
·Sea views
·Close to golf
PENTHOUSE ·645.000€
·Ref A1318
·Beds 3/ baths 3
·Built 155m2
·Terrace 80m2
·Garage and storage
·First beach line
·Gymnasium
·Indoor pool
More New Developments And Resales Properties On Our Website! Telephone: +34 951087933 Email: info@elegantmarbellaestates.com Website: www.elegantmarbellaestates.com Avda Manolete 1, C.C. Centro Plaza, shop 5 Nueva Andalucia, 29660 Marbella
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March 13th - March 26th 2019
fairways@startgroup.com www.fairwayslacalagolf.com Agents welcome!
OVER 50% SOLD!
2 bedroom apartments with 55m2 terrace from only €285.000! Welcome to Fairways, La Cala Golf! Fairways is a new development that consists of 54 modern 2 and 3 bedroom apartments and duplex penthouses with the best possible views over the La Cala Golf Course! •
Surrounded by golf
•
Apartments with private gardens
•
Modern design
•
Middle floor apartments with private roof terrace
•
Private gym and spa
•
Duplex penthouses with private pools
•
Huge saltwater pool with beach entry
•
Enquire today! 50% already sold!
STARTGROUP proudly present Fairways La Cala Golf On behalf of the Marbella based developer Exxacon, STARTGROUP are carrying out the sales and marketing for this exciting new development. Launched in April 2018, Fairways is ALREADY OVER 50% SOLD!! The plot sits right on Campo America; one of the three 18-hole championship golf courses that La Cala Golf has to offer. Fairways has uninterrupted and exclusive views over the golf course; the front view taking in holes one, two, and three, and the duplex penthouses will also enjoy views of holes five and six. Fairways’ elevated position also offers distant sea views, as well as taking in the villages of Mijas and Fuengirola. The modern design of this project is just the beginning - Exxacon have focused on creating luxury living inside with 54 apartments spread over nine blocks, with six apartments per block. The ground floor apartments offer huge 70-metre terraces and varying sized gardens, as well as a back terrace, while first floor apartments boast large terraces off the lounge and bedroom, and an extra south facing terrace, elevated to the same level of the penthouse. And finally, the duplex penthouses (both two and three bedroom) offer terraces on both levels, with the top floor of the apartment consisting of master bedroom en-suite and a wrap-around terrace of 40 metres. The three-bedroom penthouse also offers a plunge pool, outdoor shower and two parking spaces as standard.
Fairways will be an exclusive gated community, with visitor parking and underground parking for all residents. Garages will offer storage and an area for golfers to clean their clubs and equipment, as well as electric car charging points. In the communal areas there is a large 198 square metre infinity swimming pool, luxurious wellness centre, with large Jacuzzi, a fully equipped gymnasium and sauna. For the keen golfer, Fairways has no less than 16 golf courses within a 25 kilometre radius. Commonly known as the “Costa del Golf”, you will never be far away from a new challenge on the golf course. Located just an 8-minute drive from the very popular village of La Cala de Mijas with its bustling atmosphere, Fairway is also just down the road from La Mairena and Elviria, both of which offer up a host of great bars and restaurants. Glamorous Marbella is only minutes further afield, while busy Fuengirola is just a 20-minute drive away, and Málaga 40 minutes. With current prices starting from €285,000, owning an apartment at Fairways might be closer to reality than you may first imagine. Building license due anytime with a build start date by END MARCH 2019 and COMPLETION date of Q3 2020.
For further information or to book a viewing, please call (+34) 637 008 455 or e-mail fairways@startgroup.com
PROPERTY www.theolivepress.es
A piso Gaudi
March 13th - March 26th 2019
XIX 31
March 2019
ICONIC: (Left) Casa Calvet while (clockwise) modern bathroom, bedroom and kitchen show off unique geometric tiling
Turkish art dealer builds home inside iconic tourist attraction AN award-winning Gaudi building has been transformed into a stylish apartment thanks to a local design firm. Mimouca Barcelona used muted greys and blacks to bring to life the colourful mosaics and features left by the maestro in Casa Calvet. Based in Calle Caspe, in the city’s Eixample district, the building was one of the artist’s first projects in the city. Built as a home and studio for the textile manufacturer Pere Màrtir Calvet, in 1900 the city’s town hall awarded it the prize for the best building of the year. Oak bookshelves, 1950s armchairs by Gigi Radice and black appliances perfectly compliment the Valencia pink marble chimney and Casadesus sofa. The project was commissioned by one of Istanbul’s biggest art collectors who was looking for a home for his family in the Catalan capital. For the redesign, Mimouca Barcelona paid meticulous attention to the vaulted ceilings and commissioned ceramics from top Spanish mosaic company Nolla to faithfully reproduce Gaudi’s inspired vision.
VILLAS FROM 995,000€ Occupation Spring 2019 Bedrooms: 3-4 / Bathrooms: 3.5-4.5 Build: 160 - 225 m 2 / Plots: 553 - 758 m 2 Atalaya, Estepona www.arboledavillas.com
VILLAS FROM 1,075,000€
Las Perlas de Monte Biarritz
With building licence Bedrooms: 4-6 / Bathrooms: 4-5
Build: 386m
2
Plots: 1221 m 2
Atalaya, Estepona www.lasperlasdemontebiarritz.com
XX 32
March 2019
PROPERTY
www.theolivepress.es
March 13th - March 26th 2019
Retreat to Paradise With snow-capped peaks in one direction and the Mediterranean in the other, the owners of this stunning retreat worry their selling point could be ruined
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HEN alternative therapist Adrian Wynter rebuilt a cortijo in the Alpujarras mountains, he spared no expense on the design. Bedrooms were rewired to hide unaesthetic cables, windows were ‘precision-angled’ to catch the spring equinox sunset and the best Moroccan artisans were hired to create his vision of a healing environment. But the devil was in the detail after all. For now Adrian, 51, and his wife Ceri, 38 (pictured inset), could have a 220km string of giant electricity pylons rampaging across their valley vista. The House of Light retreat centre in Bayacas, near Orgiva, was a six year labour of love and was finally ready to open its doors when news of the pylon
By Joshua Parfitt project hit. “The view is our selling point,” yoga teacher Ceri told the Olive Press, adding that Adrian had already educated himself about the alleged dangers of electromagnetic radiation while caring for his terminally ill sister. “In one direction you can see the Sierra Nevada, and on a clear day you can see the Atlas Mountains of Morocco in the other - unless they plonk a pylon down the valley.” Ceri and Adrian, who have two young children, have poured their savings into the retreat which offers 15 to 20 guests at a time in-house vegetarian chefs, a yoga studio, a pool, olive groves and views over the majestic Alpujarras. The interior is a nod to Moorish design with arabesque plasterwork by a Granada-based studio and tiling by an expert who worked on the Alhambra Palace. Rummaging through antiques markets TRANQUIL: The House of Light boasts stunning views of the Alpujarras and is littered with Moroccan-inspired furnishings, making it the perfect idyllic retreat for yoga lovers or those looking for a break from the rat race
led Ceri and Adria to knock-off Rajastani pillars and a carved Mogul beam which now has pride of place above the kitchen sideboard. Traditional Moroccan tadelakt lime plaster was used in the showers. “I was worried Adrian would annoy the builders,” admits Ceri, explaining how her ebullient husband angled the property’s latticed arabesque window so it would align with the setting sun on the spring equinox. But she says the attention to detail has
left them with a stunning centre where every feature has a story and a purpose. “The central courtyard is supposed to reflect the quiet contemplative space in yourself we are trying to create,” says Ceri. But now the couple worry their tranquil space will be marred the massive project which proposes running 212 pylons, some up to 80m high, throughout the Alpujarras and the neighbouring Lecrin Valley.
www.theolivepress.es
March 13th - March 26th 2019
Spring Times
XXI 33
March 2019
Advertorial
M1 Legal is stacking up the victories against Spain’s Timeshare giants with 11 victories in January and February worth over €170,000 Cala Pi – Maintenance Fees Victory M1 Legal’s clients had two contracts, Cala Pi Maintenance S.L. and Noarre S.L. The case was initiated by their resort Cala Pi processing a claim against the client for unpaid maintenance fees totalling over €12,000. M1 legal stepped in on the grounds that the company pursuing the case was simply just the maintenance fee company i.e. Cala Pi Maintenance S.L. M1 also submitted a claim against the contractual party Noarre S.L. ●● The contract with Cala Pi Maintenance S.L. was dismissed on the grounds of no right or capacity to bring action to appear in court. ●● The contract with Noarre S.L. was found to be in perpetuity (no end date). The judge ordered Cala Pi Maintenan-
ce to write off the debt for maintenance fees and the contract with Noarre S.L. be deemed null and void. Mr & Mrs Gough commented on their case: ¨Cala Pi started a claim against us for unpaid maintenance fees, it ended up around 12,000 euros. It took some time but we expected that being a court case in Spain. M1 legal were totally behind us in defending us against one of these money grabbing timeshare companies. M1 went to court on behalf of us and our 2 contracts were quashed. We always pay our bills so having a company demand a substantial amount from us was extremely stressful. We cannot thank M1 Legal enough that this is now over and we can move on with our lives without this hanging over us.¨ With all this exposure and publicity, there can be no better time to start your claim, Real People, Real Results, Real Rewards.
Football Stars’ link to timeshare ´mis-selling` David Brown from The Times published a great article on February 21 relating to famous footballers Ryan Giggs and Gary Neville commenting on their connection to a Maltese timeshare resort which is in the spotlight for mis-selling timeshares and related loan agreements brokered by unregulated introducers. M1 Legal were also mentioned being the lawyers that instigated the investigation on behalf of many Azure clients that they represent.
Contact us on: (0034) 951 562 209 OR Visit our offices at AV. CARMEN SAENZ DE TEJADA, PARQUE MIRAMAR S208 BUILDING 4TH FLOOR B, 29651 MIJAS COSTA, MALAGA, SPAIN.
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PROPERTY MORTGAGE XXII
www.theolivepress.es
March 13th - March 26th 2019
March 2019
THINK TANK
by mortgage broker Tancrede de Pola
Get it while it’s hot Prices are still rising and Spain’s market is proving buoyant but don’t wait around, writes Tancrede de Pola
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PRING has sprung, the mortgage market is blooming and the property picture is fairly rosy for 2019. House prices are expected to grow by more than 5% in the next few quarters while last year saw a 10% increase in mortgages, new figures have revealed. According to the Spanish National Institute of Statistics (INE), 345,186 mortgages were taken out in 2018 compared to 310,096 in 2017. Meanwhile, the value of mortgages was also up from 2017, with the average loan given to buyers increasing by 5.6% to €123,727. The total value of mortgages granted in 2018 increased to €42.7 billion, which is 16.5% higher than in 2017. It’s a sign that Spain’s healthy recovery is staying on track since it began in 2014. The welcome figures come as CaixaBank Research suggests growth in house prices will remain at above 5% over the next few quarters. Large cities such as Madrid and Barcelona and tourist destinations around the Mediterranean were the first regions to recover, and are still bringing in big numbers.
However markets like the Balearics have seen a slow down in sales (-3% in Q4 of 2018), following new rental restrictions. Elsewhere, Sevilla, Malaga and Valencia continue to be strong but in other parts construction still remains sluggish. Essentially, the coming years are promising and evidence suggests you can be confident and optimistic about Spain’s property expansion continuing. However history teaches us to approach the future with a touch of caution. In other words, if you’re thinking about biting the bullet, now is the time to do it. And if you do decide to take the plunge, the Finance Bureau will be on hand to get you the best mortgage deal possible. We will be in your corner to highlight any hidden fees or compulsory add-ons tucked away in the small print and ensure you get the best possible mortgage rate to suit your needs and circumstances. The Finance Bureau has more than 15 years’ experience in finding expats the best deal possible and making sure they’re avoiding the many pitfalls associated with buying abroad. When it comes to buying a mortgage, getting it wrong is not an option.
To contact Tancrede for all your mortgaging needs call: 666 709 743 or for insurance queries call: 951 203 540 Email: tdp@thefinanacebureau.com The Finance Bureau Centro Commercial Guadalmina, 2nOffice No. 7 Guadalmina, 29670
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March 13th - March 26th 2019
The Official Distributor of Sunflex Glass Curtains
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XXIV 36
March 2019
www.theolivepress.es
March 13th - March 26th 2019
Taking off A
NEW VENTURE: For former RAF pilot Mark Dean
BRITISH fighter pilot turned property entrepreneur is hoping to save you tens of thousands of euros in estate agency fees when you sell your home. Spanish Properties Direct, co-founded by former RAF pilot Mark Dean, is a concept new to Spain, but a proven winning formula in neighbouring France where its sister company, French Properties Direct, has been operating successfully since 2014. After a diverse flying career, Mark now has both feet firmly on the ground and has joi-
ned forces with the founder of French Properties Direct, Sue Adams, to create Spanish Properties Direct. Using the successful French model, they have created a business which enables private sellers to advertise their Spanish property cost-effectively on leading international websi-
MARBELLA URBAN PLAN REACHES FINAL STAGES There could now be an end to the chaos in Marbella Town Hall’s planning department, writes Adam Neale
A
FTER thousands of hours of work on the part of urban planners, lawyers, architects, engineers and town hall councillors, Marbella’s PGOU (Plan General de Ordenacion Urbanistica) is on the final straight. The annulment by the Supreme Court of Spain in December 2015 of the planning directive created by the Marbella Town Hall in 2010 plunged the resort town into a period of chaos. With the 2010 PGOU provisionally Marbella has adapted to the replaced by the 1986 one while le- planning delays gislators worked on a new plan to present to the Junta, the status of In addition the market in Marbella, some 16,500 properties legalised always in high demand by foreign in 2010 was once again up in the buyers, has adapted and evolved to fit the new paradigm. air. Moreover, many projects ready to Instead of waiting months if not be launched suddenly became un- years for a licence to build a new feasible as under the 1986 plan- home, a boom in reform of older properties has been ning code they now gathering pace in all fell outside the zone areas of Marbella, of land that can be deMarbella will particularly in Nueva veloped, or at the very have an ally Andalucia and the least saw their legal Golden Mile. destination changed inside the Junta The result has been considerably. In an area as depen- for the first time a mini boom in the sale of older properdent upon residenin decades ties in highly desiratial development as ble locations which Marbella, this caused have been completely many projects to be reformed to suit mocancelled or forced to return to the drawing board and seek planning dern tastes. Not only has this made a lot of moapproval all over again. With the chaos in Marbella’s plan- ney for some clever developers wining department, approval could lling to take on the expense and ditake up to two years, and while this fficulty of large scale reforms but it has obviously cost Marbella dearly has also proved a winning formula in terms of lost investment, revenue for the market. and jobs, it hasn’t hurt the Costa del Sol as such, since no such pro- Signs of hope for Marbella’s town hall plan blems exist in neighbouring towns. The likes of Estepona, Benahavis, Ojen and Mijas have drawn much of The final stages of the new PGOU the development and new projects – which has been several years in of recent years to within their muni- the making – have been led by Jose Maria Morente since 2017 – with a cipal boundaries.
view to overseeing its completion and subsequent presentation to the Junta, the governing body of the Autonomous Region of Andalucia. Interestingly, Marbella’s leading town planner has made a major career move and will be fulfilling this role on behalf of a higher body – the Junta itself! While his move may cause a slight delay in the completion of the new PGOU for the town, it is of great strategic value, as Marbella will have an ally within the Andalucian body for the first time in decades. The man who also worked on urban planning for Malaga, Ronda and Benahavis forms part of the winds of change surging through Sevilla, as for the first time since its founding over 40 years ago, the Junta de Andalucia passes from socialist control into the hands of a centre-right coalition. This too should be in Marbella’s favour when it is ready to submit its plans, as the ‘rich’ resort town has always been the subject of envy and obstruction within Andalucia’s government. With the wind in its sails as never before, the Marbella Town Hall will be working hard to find a replacement and push through the completion of the PGOU, so that its urban planning can begin to function properly once again and business can return to normality.
Terra Meridiana, 77 Calle Caridad, 29680 Estepona • Tel: +34 951 318480 Office Mob: +34 678 452109 • Email: info@terrameridiana.com • Website: www.terrameridiana.com
British RAF pilot brings new - and MUCH cheaper - property listing concept to Spain
tes, as well as the company’s own website. Enquiries are screened and then passed to the property owner to manage. Once a sale is agreed the legal process is conducted in the usual manner. The company charges no commission or success fee, but charges an initial fee to cover the work involved in creating and placing the adverts. This can be as little as €240 to advertise for six months on Zoopla, Prime Location, Rightmove and A Place in the Sun. As Mark explains: “Vendors get a lot for their money – we create the adverts and place them on the various websites, design a downloadable PDF brochure for every house we advertise and use social media plus targeted e-mail campaigns to maximise the exposure of every property for sale. “Vendors can also add floorplans, a video of their property and up to 30 photographs to their advert on our website. This is all included in the fee we charge. “Sellers do not need to be technically minded – they complete a simple questionnaire and send the us photographs of their property. We do the rest. We can even provide a
professional photographer if a vendor is not comfortable taking and sending their own digital photographs. “And we are on hand throughout to provide support to our clients should they need it” For buyer and seller’s peace of mind Spanish Properties Direct is registered with the Association of International Property Professionals. This is a voluntary body set up to ensure professional standards in an industry which has not always had the best of reputations. It is also affiliated to The Property Ombudsman in the UK. Mark, who moved to Spain as a child, adds: “We also work closely with a firm of Spanish lawyers, Perez Legal Group, to ensure that we are compliant with Spanish law and that our clients receive the right advice when they need it.” Sue Adams, the founder of French Properties Direct has over 25 years’ experience of working in the property industry in France and in the UK. She added: “French Properties Direct has enabled many people to sell privately and save money. We look forward to being able to provide the same service to property sellers in Spain for many years to come.”
Contact Mark to find out more on: hola@spanishpropertiesdirect.com Telephone +34 (0)622 142692 www.spanishpropertiesdirect.com
PET PROJECT: Iconic Maria Barrabino villa in Torremolinos
Raising the roof RESTORATION is to begin on a historical 19th-century property in the heart of Torremolinos town centre The Maria Barrabino villa in the center of Torremolinos has been abandoned for two decades.
A tender has been put out to restore the house and repair its colonial terrace at a cost €147,000 Maria Barrabino was a local landowner, credited with being behind the growth of modern Torremolinos.
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www.inlandandalucia.com
www.theolivepress.es
March 13th - March 26th 2019
*includes videos *google street maps *full descriptions *chat box
by our 2017 customer database survey of 13,500. SEE for yourself
VOTED BEST and MOST INFORMATIVE WEBSITE
G R U P O
89.000 €
Caserias - Alcala la Real - Jaen
CJ461
37.000 €
NOW PRICED TO SELL! This well presented 2 double bedroom, 2 bath townhouse is situated in the beautiful town of Montillana. The property is bright, fully reformed, including a new roof, is connected to all the amenities and ready to move in to. The ground floor has a large dining-room with a fully fitted kitchen.
Montillana - Granada
TH2777
Live and work in the same location. This is an opportunity to acquire 40000 m2 of beautiful countryside with an established business and family home. The plot comprises of a main dwelling, three cortijos, two separate one bed dwellings, licensed kennels, two licensed caravan plots, all set in fantastic wooded land.
197.500 €
Alcaucin - Malaga
60.000 €
Badolatosa - Sevilla
69.995 €
La Carrasca - Martos - Jaen
325.000 €
Zafarraya - Granada
TH3994
289.950 €
Alcaucin - Malaga
TH3944
179.000 € Cartaojal - Antequera - Malaga
This 186m2 build Spanish countryside home with 3 double bedrooms and 2 bathrooms has a private garage with a storage room, double gated entrance onto a front patio with mature grapevines and a good size swimming pool.
A well presented 3 bed, 3 bath townhouse within minutes walk of Vinuela. The property has been maintained to a high standard and benefits from a modern fully fitted kitchen. It has a master bedroom with en suite, two further double bedrooms, lounge, dining area, three bathrooms, terraces and a swimming pool.
This 3 bed, 1 bath townhouse is within walking distance to all the local amenities. The front of the property has been nicely finished making it stand out on a very clean and tidy street. Entrance leads straight in to the main lounge with access to a separate dining room and onto the kitchen with plenty of storage.
Malaga Office 952 74 15 25
info@inlandandalucia.com
Calle de la Villa 14, 29532 Molina, Malaga
FI94
VL881
This stunning 4 bed, 2 bath villa certainly has the wow factor! Includes air-con. Situated in an elevated position between Puente Don Manuel and Los Romanas, it has great views over the surrounding mountains and Lake Vinuela. The villa is private and is approached through automatic gates into a driveway.
CH23
This 3 bed, 2 bath beautiful rural chalet style villa property is located on the outskirts of the towns urrounded by stunning countryside scenery. The property sits within lovely grounds which include patio areas, a private swimming pool, beautiful garden areas, fruit trees and terraces.
Jaen Office 953 58 70 40
contact@inlandandalucia.com
TH4005
This 135m2 build 3 double bedroom townhouse boasts a generous plot size of 250m2 with private swimming pool, patio and garden. Located on a wide street with on road parking you enter the property into a good size lounge diner.
Calle Abad Moya 4b, 23680 Alcala la Real, Jaen
Axarquia Office 952 51 97 18
info@inlandandalucia.com
Cruce Puente D. Manuel 4, Edif. Al Zabel, 29713 Alcaucin
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www.theolivepress.es
Property of the Week
XXVI
March 2019
PROPERTY
March 13th - March 26th 2019
Risky business Renting property has become much more hazardous for landlords, which will reduce the number of properties available, writes surveyor Campbell Ferguson
T Mollina, Malaga - TH4008 79.000€ This lovely 3 bed, 1 bath townhouse is located close to shops, banks, restaurants and municipal swimming pool which opens throughout the summer. It has a gated patio garden with lemon trees and access to storage room and outside bathroom.
tel: +34 952 741 525 Calle de la Villa 14, 29532, Mollina, Malaga info@inlandandalucia.com www.inlandandalucia.com
HE halcyon days of their family could continue coining it in by let- in occupation for the reting out your Spanish mainder of the lease. property could be co- The proposals would also ming to an end. restrict deposits to a maxiIn addition to the controls mum of 2 month’s rent on seasonal holiday let- and peg rent increases to a tings, there are now fur- maximum of the retail price ther changes index. proposed for Property bumust long term After Brexit UK yers now respect rentals, wheowners letting ther registepre-existing red, informal, their homes are lease agreeformal 11-month likely to pay tax ments, or informal. or whatever, So, it’s which will have at 24% absolutely eshuge sential that significance there is no tenancy of any for buyers and landlords. Tenants will have the right kind when you buy, as theto stay for up to five years, re must be the possibility of with that possibly being ex- even the ‘informal’ tenant tended by a further three appealing and holding up years. vacant possession for monEven if the tenant has to ths. leave for health reasons, Also, regarding holiday there is a possibility that lettings, these can now be
controlled by Communities of Owners in an Urbanisation, by being banned completely if 60% of the owners demand it. And, if it is permitted, the Community can put a 20% surcharge on the monthly charge applicable to an apartment that is offered for holiday let. And remember, after Brexit, UK owners letting their properties are likely to have to pay tax at 24% of gross income, instead of the 19% of net income after expenses that applies now.
SURVEY SPAIN NETWORK OF CHARTERED SURVEYORS, WHEN CARRYING OUT BUILDING SURVEY AND/OR VALUATION INSPECTIONS, CAN INCLUDE A CHECK FOR ANY INDICATION THAT THE PROPERTY IS PERMANENTLY OCCUPIED OR HAS TENANTS.
www.surveyspain.com
XXVII
www.theolivepress.es
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PAIN is set to introduce new rental regulations in a bid to protect tenants from rising prices and low supply. The decree extends the duration of the rental contract from three to five years and prevents annual rent hikes of more than the consumer price index (CPI) within that period. However new rules do not put a cap on how much rent a landlord can ask for, as left-wing Podemos had pushed for. The changes, ushered in by Pedro Sanchez’s PSOE government, apply to new leases signed after March 6 2019. The decree must be ratified by Congress within a month, but parliament is dissolved due to the snap general election coming on April 28. The task of ratifying the decree will therefore fall to a permanent congressional committee. See the main changes below: Contracts The minimum length of a contract has been extended from three to five years (or seven if the landlord is a business). Tenants will now have more security as the period of tacit renewal has also been extended, from one to three years, and landlords will have to give at least four months’ notice to end the agreement while tenants must give two. Rent hikes capped While earlier contracts could
March 2019
What you need to know Rules for renting out your property in Spain are changing thanks to new PSOE decree establish their own provisions for annual reviews, the new decree prevents annual rent hikes of more than the consumer price index (CPI) within the contract period.
Limit on property costs In addition to a one-month deposit, property owners can only ask a tenant for additional guarantees equivalent to two months of rent. If the landlord is a legal entity, it must cover any real estate agency expenses.
Price benchmark system The decree introduces a state benchmark index for rental More security prices that will for tenants be used to follow changes The changes have The decree in the market equally recogbeen ushered nizes contracts and help determine whether registered with in by Pedro an asking price the Property ReSanchez’s PSOE gistry and those is adjusted to that have not market realigovernment ties. This index been registered. will provide the In other words, average price in if someone buys any given part of Spain, and a property that is already renundergo annual reviews. The ted out, they must respect the government has given itself tenant’s lease agreement. eight months to produce the first figures.
Evictions All eviction processes will go through social services first to determine whether a tenant is in a vulnerable situation. If so, the eviction process will be pushed back one month (three if the owner is a business) to help the tenant find a new place to stay. Judges must also communicate the exact date and time that the eviction will take place. Holiday rentals The decree says that a building’s apartment owners may collectively agree to place limits on the use of units for the purposes of tourist accommodation. The measure comes amid growing public debate over the impact of online services such as Airbnb on city centers and on the price of housing.
March 13th - March 26th 2019
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i n s t a l a c i o n e s info@instalacionesemasur.com www.instalacionesemasur.com
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XXVIII
March 2019
La La lovin’ it!
Jon Clarke takes a tour of design guru Philippe Starck’s exciting new organic olive oil ‘experience’ THE small picture window perfectly frames the mountain range, and reason, why this corner of Spain is almost as green as England. In the shimmering distance you admire the fabled peaks of the stunning Grazalema mountains - Spain’s wettest place - just over 10 miles away. Perched on a stool to enjoy it, the solid copper structure/frame is just one of a dozen or so interesting exhibits that make French designer Philippe Starck’s exciting new LA Organic Experience well worth a visit this year.
PICTURE THIS: Seated exhibit
EUROPEAN REMOVALS &
The ‘immersive’ cultural centre on the outskirts of Ronda has taken ten years and a reported €20 million to come to fruition. Designed by the global design guru Starck - alongside six other investors, including French wine maker Michel Rolland - it sits on 25 hectares and has seen the planting of over 9,000 trees as well as 1,000 vines. Entirely organic, it includes a superb ecological vegetable garden, as well as dozens of different types of trees, mostly fruit and the majority olives. This is the second part of the exciting project, that began over a decade ago with the launch of LA Organic olive oil, its stylish cans also designed by Starck, and for sale around the world in shops including Planet Organic, Harvey Nichols and Waitrose. The multi-millionaire designer, who worked for the likes of fashion guru Pierre Cardin and former French president Francois Mitterrand, will introduce a third stage, including a giant olive mill and restaurant over the next year. Starck also sculpted the rooms of a mini-hotel in the grounds and has made the unusual visitor centre, basically a converted warehouse, into a space that cleverly blends into the landscape. STORAGE Visitors are taken on a winding tour of Andalucian culture, incorporating olive groves, fruit orchards and vineyards. There are various exhibits scattered around, such as a mirror strategically placed for the visitor to become ‘the star’
Weekly service to Spain, France, Portugal and Gibraltar St Georges European pride ourselves
by professionally serving and relocating families, individuals and businesses across Europe for over 10 years.
St GEORGES
VISTAS: The landscape and views are the real stars of LA Organic
of the landscape, as well as a slightly bizarre cracked mirror under some eucalyptus trees. You are primarily here to learn about the region’s olive oil though, which its owners believe has far too long been globally put in the shade by oil from Italy. There are 20 different types of olive trees planted in different ways from the old fashioned system of 100 trees per hectare to the intensive 1800 trees per hectare modern method. “The oil from Andalucia is as good as anything in Italy and we want to promote it at its very best,” explains director Santiago Muguiro. “We hope to educate the public in the different ways of creating it and the idea is to become pioneers of olive oil tourism in Spain, as some of the big
vineyards have become in Rioja,” he adds. The tour costs €20 for adults and includes various olive oil tastings and a film. Visit www.laexperience.es for more info
With our fully trained experienced team, reliable fleet of purpose built vehicles and leading Insurance cover, we’ll make your moving experience run smooth and hassle free. To help you, we also have a fully secured storage facility in both Spain and South East UK, just in case you need it.
So come and talk to our friendly team at St Georges European.
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trade@stgeorgestransport.com www.stgeorgestransport.com DESIGN SPACE: The converted warehouse has a bar and area for tastings Olive Press - St Georges European Ad 170 x 124 mm.indd 1
16/01/2019 11:40
tel: 952 81 01 02 info@kssir.com www.ksmarbella.com MARBELLA
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SOTOGRANDE
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FABULOUS VILLA WALKING DISTANCE TO THE BEACH AND ALL TYPE OF AMENITIES KSSIR-25192P Bedrooms: 5 · Bathrooms: 5 Built: 421,27 m2 · Plot: 1,409 m2
2.100.000 euros Elegant 5 bedrooms villa located between San Pedro de Alcantara and Puerto Banus. Built in one level, the property consists of entrance hall, large lounge with fireplace and dining area, four suites, including large master suite with fireplace and big bathroom with bathtub and separate shower, maids bedroom and bathroom, spacious fully fitted kitchen with informal dining area, laundry room, large covered terrace, beautiful mature garden with swimming pool. The villa have top quality finishing material such as A/C, satellite TV, underfloor heating all throughout, alarm system. A beautiful villa walking distance to all type of facilities and amenities
LUXURY APT IN THE MOST EXCLUSIVE AND PRESTIGIOUS COMPLEX IN MARBELLA GOLDEN APPLE
FRONTLINE BEACH APARTMENT IN PREMIUM GATED COMPLEX
KSSIR-25114P
Bedrooms: 2 · Bathrooms: 2 Built: 134 m2 · Terrace: 35 m2
Bedrooms: 4 · Bathrooms: 4 Built: 287 m2 · Terrace: 40 m2
2.700.000 euros This large apartment is located in Marbella town only in the limit of the Golden Mile two minutes walking distance to the beach and the Promenade. Enjoying stunning sea, gardens, and mountain views. Situated on the seventh floor facing to the west it offers large and very bright rooms, comprises; an entrance hall with guest cloakroom, large lounge with dining area and direct access to a big terrace, modern fully fitted kitchen with breakfast area, three main bedrooms with en-suite bathrooms.
KSSIR-25255P
1.800.000 euros It is situated on the second floor offering views over the landscaped gardens, the huge communal swimming pool, a beautiful artificial lake and all the way to the Mediterranean Sea. Located in one of the best communities around Puerto Banus offering 24 hour gated security, indoor heated swimming pool, outdoor pool, restaurant and social club, this represents a great opportunity to purchase an ideal holiday or permanent residence. This property enjoys an entrance hall, 2 bedrooms, 2 bathrooms, master en-suite, living/dining room, large terrace and fitted kitchen.
PROPERTY
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March 2019
Life of luxury These dream Costa del Sol pads could be on show at Monaco’s property expo for millionaires
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PAIN’S most expensive homes are set to feature at one of the world’s biggest property expos. Pads worth up to €50 million will be just some of the stars at the Monaco International Luxury Property Expo 2019, the world’s central B2C exhibition for upscale international real estate. Held from May 15-16 at the Grimaldi Forum in Monaco, exhibitors include upmarket property developers and real estate agents from 80 countries.
The exhibition will showcase properties located in all areas attractive to investors - not only Spain but the UK, France, Italy, Germany, Austria, Cyprus, Greece, Malta and countries across Asia, the Americas and Middle East. The exhibition will also feature commercial real estate (hospitality, office, and retail properties) and rental and investment properties. Organised in partnership with the Monaco Convention Bureau, the Monaco International Luxury Property Expo attracts home buyers from 25 countries as well as top realtors, developers and investors. Take a sneak peek around our three favourite luxury properties currently on the Spanish market that could be hot contenders for Monaco’s prestigious property showcase. For more detailed information about the expo, contact the organiser at: info@ielpe. com.
MALAGA REMOVALS
Cabo Plata, Ibiza €24.5 million 6 beds 7 baths 10,225 Sq Ft. 5.9305 Acres
Las Cabezas de San Juan, Sevilla Hotel business Price on request 25 beds 5,000 acres
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• Weekly full or part load removal service to & from UK, Costa del Sol and the Algarve • Full or part packing service • One box to full load removals • Villa to villa moves within Costa del Sol
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Mansion in Camp de Mar, Mallorca €35 million 10 beds 14 baths 21,527 Sq Ft. 98.842 Acres1 0,225 Sq Ft. 5.9305 Acres
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*All properties are available at Sotheby’s International Realty
SUPERMANZANA H, NUEVA ANDALUCÍA A fantastic Mediterr anean family villa in the heart of the Golf Valley enjoying beautiful views and privacy 4 Beds | 4 Baths | 484m2 Built | 1.263m2 plot REF: 176-01367P (Resales R2886374) | 1.995.000€ You enter the villa through the private driveway either straight in front of the house or into the large garage. The main entrance with its double ceiling creates a welcoming and luxurious feel leading you into the living and formal dining area. The double terrace doors takes you out onto the massive covered terrace and BBQ area that leads straight onto the heated pool. There are 3 bedrooms suites plus a complete separate apartment on the lower floor with private entrance. The house has a large well equipped kitchen with an informal dining area and access to a small private terrace area. All materials are of top quality with a timeless design and functionality. A perfect family house that has to be seen!!
LA COLINA, NUEVA ANDALUCIA Bright, spacious and with spectacular 360-degree mountain, sea and golf views; a south-facing. 4 Beds | 3 Baths | 267m2 Built | 124m2 plot REF: 176-01488P (Resales R3178576) | 699.000€ This corner unit town house situated in one of the best neighbourhoods within the Aloha Golf community; the property is in a gated complex of only 18 properties, having well-kept tropical gardens and an attractive community pool. The property is built to 267 sq metres plus, is fully alarmed and offers a large chefs kitchen, full air conditioning and mains gas central hearing, open fire place, mosquito screens, blinds and a large integral garage/utility room plus service road with gated parking. The garage is connected to a separate guest area having its own living room, kitchen, “extra bedroom” (5th) and bathroom. This ground level area can be accessed with an independent entrance or through stairs within the house.
CENTRO COMERCIAL PLAZA 63 | INFO@ANDADEV.COM | 29660 NUEVA ANDALUCÍA | SPAIN | +34 952 816 250
WWW.ANDADEV.COM