Property
be Ma s m t p laga ag ro ’s az pe in rty e
www.theolivepress.es
Issue 25 November 2018
www.theolivepress.es
November 21st - December 4th 2018
13
THE PERFECT FRAME: An indoor cubed garden leads on to a view of Gibraltar at new home in Sotogrande, see page XXVIII
Divine inspiration
ANGELIC ARCHITECTURE: A Madrid architect has won an award from the RIBA for his unique take on religion, see page XXXIV
Massive growth in buyers from abroad, with the British leading the way despite Brexit fears
Foreign fireball
AN avalanche of foreign buyers is setting Spain’s property market on fire! A total of 53,359 homes were acquired by foreigners in the first half of 2018. The massive figure dwarfs the 33,000 sales recorded in the same period of 2007, when Spain’s property market was at its peak. And, no surprise, the British continue to lead the way, accounting for a record 7,613 purchases, up 8.8% on 2017. That’s according to the latest official figures from Spain’s notaries showing that 14% of all foreign buyers were British.
Second up come the French, who bought 4,211 properties (a drop of 5% on last year) and the Germans, who bought 4,138 homes, some 2% less than last year. When it comes to buying trends it turns out that the Irish, Danish - and most interestingly, the Moroccans - are the fastest growing nationalities. Spicing up the market, Moroccans bought 3,662 properties, a growth of 29% on last year, while the Danes were up by 18% and the Irish 25%. Romanians meanwhile continue to be a strong market having bought 3,872 homes.
Destination-wise, Valencia was the favourite province for investors, accounting for a third of all foreign sales, with 15,613 sales. It was the region with the highest year-on-year growth at 16.7%. Andalucia came in second with 8.2% of the foreign market (9,737 sales), followed by Catalunya with 7,570 sales, unsurprisingly a 5.3% decline from the same period last year, much to do with current political tension. The fifth highest destination was Madrid, where foreign market sales increased by 5.4% (4,911 purchases).
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PROPERTY
www.theolivepress.es
November 2018
The holiday rental laws are changing in Spain, writes Spanish Property Insight’s Mark Stucklin
November 21st - December 4th 2018
Rental woes?
W
HEN it comes to tourism, Spain is a superpower with more than 75 million visitors each year, outstripped only by France and the USA. Millions of visitors have long appreciated the sunny welcome they get. But tourists need places to stay, which means they compete with locals for accommodation where it is scarce, and are thought to be driving up housing costs in some tourist hotspots, according to local politicians and housing activists. This is leading to a clampdown on holiday rentals in areas where housing costs are now a hot potato, and where the tourist welcome isn’t quite so sunny. But holiday rentals are frequently part of the game plan for second home buyers looking for extra income from their investment when not in residence. Platforms like Airbnb are making it easier than ever to reach holiday rental clients, and many owners are taking full advantage of this, but the risks of falling foul of changing rental laws are growing. Holiday rental restrictions are tightest in the Balearic and Canary Islands, where some sort of restrictions have been in place for more than a decade, but are now getting tighter.
A powerful hotel lobby is ready to on tourist rentals in all apartments make the most of anxiety about hou- and semi-detached homes, thousing costs for locals to stamp on what gh detached homes they call ‘unfair’ comcan now get a licence petition from holiday once again. In the rest rentals. The fines for of the archipelago, it The Balearic regiowill be difficult, though illegal tourist nal government has not impossible, to get recently introduced a apartment rental licenrentals have new tourism law that ces, whilst rural villas risen to up to restricts holiday rentals on rustic land will no to certain areas and longer be eligible. €40,000 types of property. PalThe authorities seem ma de Mallorca, the to be getting more Balearic capital, is taserious about busting king a hard line with an outright ban rule breakers, and the fines for illegal
tourist rentals have risen to between €20,000 and €40,000, so it’s getting riskier to ignore the regulations. The restrictions in the Canaries are more confusing than most, which is saying something in Spain. Bizarrely, the latest draft law on tourist rentals in the Canaries aims to stamp them out in areas defined as touristic, but not in other areas. That measure has the fingerprints of the hotel lobby all over it. In other tourist hotspots, Barcelona already has a moratorium in place on new holiday rental licences, and Madrid is looking to follow Palma towards a total ban in the city centre.
We are moving towards a patchwork of outright bans or restrictions on days per year and other obstacles depending on the region, so a typically Spanish legal mess. Fortunately, for the time being at least, holiday rental restrictions are some of the lightest in the most popular destinations of the Costa del Sol (Andalucia), and the Costa Blanca (Valencian Community). In both regions, you need to register your intention to engage in tourist rentals with the local tourism office, and in Andalucia meet some basic requirements on the condition and features of your property, but there are no impossible hoops to jump through, and no restrictions by area. But even in areas where restrictions have been in place for years, there are ways around the rules if you are careful. In the Balearics, for example, you can still rent on a short-term or extended stay basis (3 months or more) so long as you are very careful not to offer the property as a tourist rental with services for tourists, claims local legal expert Will Besga. “Just like under the previous law, the Spanish Tenancy Act allows for the renting out, in principle for any period of time, of any type of property,” explains Besga. “But because there is a regional law regulating touristic rentals, extreme care must be taken in ensuring that the short-term rental does not fall within the touristic rentals’ parameters, which effectively means that ‘short-term lets’ can be done under certain limiting conditions.” The trend is likely to continue towards restrictions in all hotspots where accommodation is scarce, in particular, the islands and Barcelona.
Villa, Sotogrande Almenara Golf
Finca, San Enrique near Sotogrande
4 bedroom / 4 bathroom • 329m2 built • 1202m2 plot of land Welcoming family home • Frontline golf with lovely country views Spacious and bright interior • Sunny southern orientation
5 bedrooms / 4 bathrooms • 323m2 built on 6.6 hectares of land Only 10 mins from the coast • Great house in excellent condition License for stable block in place • Located in the Polo valley
Price: €1,150,000
Price: €2,499,000
Apartment, Sotogrande Marina 2 bedrooms / 2 bathrooms • 133m2 Frontline Marina views • Short walk to port and restaurants • Very close to the beach • Covered terrace year round use • Parking & storage room
Price: €425,000
Pueblo Nuevo De Guadiaro Calle Sierra Bermeja Tel. 956 795 300 / 628 574 953 WWW.JS-SOTOGRANDE.COM
Townhouse, Frontline Almenara Golf 3 bedrooms / 3 bathrooms • 275m2 with 30m2 garden • Gated community of only 20 houses • Beautiful golf views • One pool for every 5 houses • Excellent condition
Price: €397,000
www.theolivepress.es
November 21st - December 4th 2018
III 15
November 2018
The hanging gardens of Banus
GREEN: Breathe in Banus
High-rent lifestyle THE average worker in Spain is forking out almost 50% of their earnings on rent, shocking new figures have revealed. A surge in demand has bumped up the national average rental price by 15% in just one year, while wage increases trailed by a measly 0.6%. Tenants in Madrid and the Balearics were left most out of pocket, with rent swallowing around 70% of their income. In Valencia the figure was close to 60%. Those in Catalunya, the Canary Islands and the Basque Country see close to 55% of workers’ earnings going on rent.
AN exciting new hangout - with greenery in its DNA - has got the Costa del Sol talking. Aptly-named Breathe is a restaurant-cum-bar where you happily struggle to see the walls from the trees. With shrubs on the walls and even hanging from the ceiling, plus a big green wall outside, it is more than doing its bit for the environment. Run on renewable energy sources, the Puerto Banus joint is ‘on a mission’ to provide an environmentally-friendly gastronomic
Pedro Sanchez orders banks to pay stamp duty tax but battle might not be over BANKS will pay the stamp duty on mortgages, not the buyer, a decree by Spain’s prime minister has ruled. It comes after a busy couple of months for Spain’s flip-flopping Supreme Court, which couldn’t seem to make up its mind on the controversial tax, which sees up to 2% of the full property price paid to the notary. After ruling in October that banks should pay the tax since it benefits them - it reversed the decision following
experience. “We’re combining modern urban architecture with a large dose of natural elements to create energising spaces,” explains manager Victor Krensler. “Breathe is for people who care about their food and where it comes from. We’re all about careful selection and artisan preparation. Quality is not negotiable.” “And we really do care. From our innovative ground-source renewable energy to our gardens and the food on your plate, we have the environment and sustainability in mind.”
Mortgage mayhem an outcry from the lenders in November. The banks claimed the up to €17 billion they would be forced to pay back if the ruling covered backdated stamp du-
ties over four years, could lead to a crisis. Podemos leader Pablo Iglesias blasted the decision, saying on Twitter: “The banks have won and citizens have lost.”
Home for high flyers
BACK TO THE FUTURE: British home to feature first landing pad for €1.7 million flying cars
IT’S the first-world problem facing the super rich of the future; where will I park my flying car? Look no further than Nottingham, where the world’s first home with a landing pad for airborne vehicles is under construction. It’s no flight of fantasy. The pad is being built in Edwalton village at the £10 million (€11.5 million) home of property developer Guy Phoenix in partnership with VRCO, a British company working on a flying
car design. The electric powered NeoXcraft two-seat vehicle, which will cost a cool £1.5 million (€1.7 million), will be able to zip to London in half an hour and VRCO expects to have a prototype in the air next year. The pad is six metres in diameter and has a renewable energy source to recharge the aircraft. It will be included in the asking price for the home, called Hermitage, when it goes on the market early next year.
But just a day later, Spain’s new Socialist prime minister criticised the Supreme Court for yielding to the banks and not acting in the interest of the people. He signed a decree ordering banks to pay the full amount of the tax. But MPs are calling for the decision to be made into a bill and be voted on, since it concerns the law of Spain.
Fail
Rooms with a view THE prestige Palladium hotel chain has chosen Málaga for its first opening in Spain. With 330 rooms, the beachfront Palladium Hotel Costa del Sol will open in July 2019, offering jaw-dropping views over the Med. Just 20 minutes from Malaga airport, it will feature a ‘stylish and contemporary design’ with spacious rooms and three dining spaces: a show-cooking restaurant, an a la carte eatery serving local and international dishes and a seafront beach club. There will also be a Sky Lounge where guests can enjoy cocktails while they drink in stunning sunset views. Other features include an outdoor pool with a bar, gym and spa equipped with a thermal circuit, jacuzzi, sauna and private treatment cabins.
• See Hotels with the eX-traordinary Factor page X
Known as the AJD tax in Spain, it allows banks to start foreclosure proceedings should the client fail to keep up with mortgage payments. For the past 23 years it has been the norm in Spain for borrowers to pay the tax.
• See more in What’s the point? Page XXX
SLICK: New hotel to open
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 • 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
It’s your move!
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PROPERTY
www.theolivepress.es
November 2018
As Malaga and Puerto Banus prepare to reimagine their blood-stained bullrings, the Olive Press takes a look at the most impressive restoration projects ringing the changes across Spain
November 21st - December 4th 2018
Ringmasters Tarraco Arena Plaza, Tarragona
I
T is the controversial tradition that has divided a nation and horrified and amazed tourists in equal measure. But one thing cannot be disputed - Spain’s bullrings offer some of the most incredible architectural delights the country has to offer. As Malaga commits to revamping its white and yellow-clad facade, and with Puerto Banus pledging to turn its famous bullring into an arts and gastronomic venue, plazas de toros nationwide are going through a cultural metamorphosis. Some seven years after matadors hung up their red muletas for the last time in Catalunya, its bloody battlegrounds have become shopping hubs, while those abandoned in other regions have become bustling hotels and restaurants. Here the Olive Press rounds up the ringleaders of this no-bull restoration movement.
Looking like a spaceship from Close Encounters of the Third Kind, Tarragona’s futuristic Tarraco Arena Plaza is a visionary masterpiece. Originally designed in 1881 by architect Ramon Salas, the 32-metre high building was modelled on Madrid’s famous plaza de toros Las Ventas. The unused historic site was renovated in 2006 for a cool €18 million with a convertible roof and capacity for a whopping 10,800 people. Now, it holds mega concerts, sports events and its epic annual Castells Competition where hundreds of ‘castellers’ compete to build the biggest human pyramid (see far left).
Struggling with EU Property Debt? • Want to sell but can’t? • Mortgage greater than value? • Lost Deposit? • Can’t make your mortgage payments? • Interest Only period ending? • Generally Struggling with your Spanish Property?
We offer assistance and advice in all areas of European property debt
Call us today on: +44 330 124 1230
EU Property Solutions are a team of Insolvency and debt consultants who specialise in property associated debt. Essentially we provide tailored pre-insolvency strategies, we will look at your situation and provide options best suited to your desired outcome.
Calle Marques del Duero 76, 3º C, San Pedro Alcantara, 29670 Malaga Spain info@eupropertysolutions.com np@eupropertysolutions.com
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QUOTE OP1118
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November 21st - December 4th 2018
17V
November 2018
Las Arenas, Barcelona Undoubtedly the prize for the most famous bullring transformation goes to Las Arenas, in Barcelona’s iconic Plaza de Espana. What was once a site of bloodshed has become a modern shopping and leisure centre, featuring a 100m diameter dish with a roof terrace offering unbeatable panoramic views of the city’s skyline. Designed by British architect Richard Rogers, the 19th century building was reopened in 2011 - one year after the Catalan Parliament voted to ban the ‘sport’. Despite falling into disrepair in the 1990s, the neo-Mudejar facade was perfectly preserved and lifted above street level to create the impressive site it has become today.
Hotel Plaza de Toros de Almaden, Ciudad Real Not many can say they have rested their head where matadors once stepped into their suits of lights before taking on a bull. In the sleepy town of Almaden in Ciudad Real, the fourstar Hotel Plaza de Toros is one of the most original lodgings in Spain, boasting 24 rooms originally intended for miners working in the area in the 18th century. Built in 1752, the luxury hotel was declared a UNESCO World Heritage Site in 2012, largely due a one-of-a-kind feature - the hexagonal shape of the internal bullring. The building also features El Trapio restaurant incorporating the torero theme with a terrace backing onto the old yellow ring - the perfect spot for a sol y sombre night cap.
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PROPERTY
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November 2018
November 21st - December 4th 2018
Mercado Gastronomico de San Albin, Merida Another bullfighting-themed eatery attracting travellers from far and wide is housed between the walls of Merida’s red-washed 20th century bullring. Transformed into a gourmet street market, each original
alcove features individual stalls serving up the best in Spanish tapas. Reopening in 2015, the Badajoz architectural gem still manages to hold corridas, as well as a summer cinema and concerts.
Restaurante Plaza de Toros, Antequera Nestled below Antequera’s bullring, with sloping wooden beams, winding corridors and torero memorabilia, the Restaurante Plaza de Toros seats some 200 diners. The building, which opened in 1848, also hosts a museum dedicated to the history of the tradition. Interestingly, the ring above still hosts bullfights, particularly during annual festivals in May and August, meaning diners get more than their meal’s-worth if they book a table during those months.
Plaza de Toros, Ronda
Widely regarded as one of the oldest and most beautiful rings in Spain, Ronda occupies a special place in modern Spanish culture and history, being the birthplace of the Rondeno style of bullfighting. Construction began in 1779 and was designed by Jose Martin de Aldehuela using only stones - unusual for most Spanish bullrings. Some years later, the grand main entrance - wide enough to fit horses and
carriages - was completed with the royal shield of Spain surrounded by baroque edging. Although the ring has space for only 5,000 spectators, the rueda - the large circle of sand in the centre - is the largest in the world at 66 metres in diameter. Still occasionally hosting bullfights, the site also houses the Museo Taurino, dedicated to matador regalia and weapons used during Spain’s many wars.
Which is the oldest bullring in Spain? It’s the million dollar question no one seems to know the answer to. Sevilla’s stunning La Maestranza is often considered the oldest, with construction commencing in 1761 and finishing in 1785. Others argue that Ronda takes the crown for hosting the first official corrida in 1784. But, if we’re being technical, the real winner is, in fact, Bejar’s El Castanar Plaza de Toros near Salamanca, where the first bullfight was held in 1667 in an improvised square enclosed with granite stones and wood. It was no architectural beauty but a local duke granted permission to replace the makeshift ring with a real one in 1711, which still stands today (see pic above right).
Surprisingly, the world’s first official bullring was not built in Spain. Jalisco’s Rodolfo Gaona in Mexico takes the crown, having opened in 1687. And Peru’s Plaza de Toros de Acho in Lima - a national historic monument - is third oldest in the world, dating from 1776.
DID YOU KNOW?
November 21st - December 4th 2018
ALL COSTA DEL SOL - ASK MORE INFORMATION!
Tel: +34 951087933
LA CALA GOLF
BENAHAVIS
APARTMENTS ·From 285.000€
·Ref A1339
·Beds 2
·Built 155m2
·Terrace 55m2
·Pool 37m2
·Parking
·Storage
·Golf views
·Close to golf
VILLA ·1.590.000€
·Ref V1337
·Beds 5
·Built 606m2
·Terrace 248m2
·Pool 69m2
·Plot 1.772m2
·Sea views
·Car parking
covered
DUQUESA
VILLAS ·From 495.000€
·Ref V1338
·Beds 4-5
·Built 424m2
·Terraces 144m2
·Pool 32m2
·Plot 519-654m2
·Sea views
·Eco design
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NEW CONSTRUCTIONS
www.theolivepress.es
ESTEPONA VILLA ·695.000€
·Ref V1339
·Beds 4
·Built 226m2
·Terraces 125m2
·Plot 981m2
·Heated pool 37m2
·Sea views
·Car parking
42 VILLAS
NUEVA ANDALUCIA
LOS BOLICHES
BUILDING PLOT NUEVA ANDALUCIA ·695.000€
·Ref PL1343
·1.856m2
·20% volume
·Sea views
·Close to golf
APARTMENTS ·From 135.000€
·Ref PL1338
·Beds 2-3
·Built max 95m2
·Terraces max 35m2
·Optional storage 12,46m2
·Town center
14 APARTMENTS
More New Constructions 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
VIII 20
PROPERTY
www.theolivepress.es
November 2018
November 21st - December 4th 2018
Gaudi-licious An alternative view of Spain’s wackiest architect
A
NTONIO Gaudi’s iconic Sagrada Familia has finally begun its final phase of construction, more than 100 years after it began. It is just one of dozens of iconic masterpieces created by the Spanish legend (right) throughout the 19th and 20th century. The Tarragona native is rightly known as the most influential Spanish architect in the 20th century. The creator of Catalan Modernism spent most of his life in Barcelona, which has been blessed with most of his works. Gaudi’s out-of-the-box designs shaped the way of thinking about architecture for a whole generation, and to this day his buildings make up half of the ten most visited sites in Barcelona. Here we offer up three views you may not have seen before.
INTRICATE: (Anti-clockwise from top left) Inside the Sagrada Familia, the top of an apartment building in Barcelona city centre and the famous Guell Park in Barcelona
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November 21st - December 4th 2018
21
REAL ESTATE AGENT FOR THE FINEST COUNTRY PROPER TIES IN ANDALUSIA, SPAIN
CORTIJO WITH BREATHTAKING VIEWS, GAUCIN
Cortijo near Gaucín, Málaga, Andalusia. This country property has panoramic views towards the Mediterranean coastline, Gibraltar, Africa and the white-washed village of Gaucín. The Cortijo has ample terraces, surrounding the property, all with breathtaking views. This country home is ideal for those looking for country living yet want to be close to the amenities of a village. 186-00797P
4 bedrooms
3 bathrooms
400 m2
15.000 m2
private garden
private pool
890.000 €
CORTIJO & BUNGALOW, ANTEQUERA
CONTEMPORARY VILLA, TARIFA
CHARMING VILLA, TARIFA
Reformed 16th-century Cortijo, with quality bungalow, surrounded by stunning nature near Antequera, Málaga. Spectacular views of El Torcal. It’s been reformed to maintain it’s charm and authenticity. Also, a top quality 3-bed log bungalow.
Spectacular villa with uninterrupted views of Africa, located near Tarifa, Cádiz. This modern property has breathtaking views, looking across the Strait of Gibraltar to the Atlas Mountains.
Charming spacious villa for sale near Tarifa, Costa de la Luz, Andalusia. The villa is in a spectacular position, overlooking the Strait of Gibraltar and the Atlas Mountains. An absolute dream!
6 bedrooms | 3 bathrooms | 553m² build | 210.000m² plot Ref: 186-00794P
3 bedrooms | 2 bathrooms | 200m² build | 2.300m² plot Ref: 186-00790P
7 bedrooms | 5 bathrooms | 388m² build | 2.250m² plot Ref: 186-00784P
1.695.000 €
895.000 €
1.200.000 €
Contact Us Villas & Fincas Country Properties S.L. Barriada de los Ponis 8B 29690 Casares, Málaga, Spain
Follow Us On Phone: +34 952 895 139 Mobile: +34 608 577 696 Email: info@villasfincas.com
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PROPERTY
www.theolivepress.es
November 2018
Hotels with the eX-traordinary Factor From snail shells to Playmobil pillows, try these in 2019
B
ed down in a bubble like Michael Jackson, snuggle up in a snail shell or branch out with a night in a treehouse … If expanding your horizons is one of your New Year’s Resolutions, there’s heaps of wanderlust inspiration on the doorstep. The Four Seasons and Palladium
chains are the latest hotel giants to invest in Spain but why not try some of the country’s more left-field lodgings in 2019? For our last property magazine of the year we’ve rounded up some of the wackiest hotels in the country where kids can be kids and grown-ups can indulge their inner child.
November 21st - December 4th 2018
Miles Estrelles, Girona Spend the night gazing at the stars inside a giant transparent bubble for the ultimate ‘womb with a view’ experience. Miles Estrellas, close to famous Banyoles Lake in Borgonya, is a cluster of seven translucent pods named after a constellation. Some bubbles include chimneys and gardens, and come with heating, wifi and private bathrooms.
Cabanes als Arbres, Sierra de Montseny
Hotel del Juguete, Alicante If you’ve got kids in tow, you are going to score serious ‘cool parent’ points with a holiday to this playful four-star hotel which brings Toy Story to life. Each of the 21 rooms is based on popular toys like Playmobil and Lego, while the Juegaterapia room will transport you to the world of videogames. It may drive grown-ups mad being surrounded by happy figurines and dazzling colours all day but it will certainly keep the little ones entertained. Adults can have their fun too in the ‘Back to the Past’ room, which comes with retro games like Pac-Man and Rubik Cube and a king-sized bed.
Isla Tagomago, Ibiza
If you want to reconnect with nature but find camping too uncomfortable, a night in an eco tree house will take you back to your prehistoric roots in style. Submerged in the forest canopy of the Sierra de Montseny, some 84 kilometres from Barcelona, the Cabanes als Arbres comprises 10 wooden tree top lodgings perched up to eight metres high. Each named after a different bird, these flights of architectural fantasy are built from natural untreated wood, with a layer of hemp and fir tree fibre for ventilation and double-glazed windows.
The private paradise island of Tagomago is the most exclusive in the Mediterranean and you can enjoy it all to yourself, along with an incredible luxury five-bedroom villa. The white-washed ultra-modern pad is the sole property on the island. It features state-of-the-art technology, a saltwater pool, rainfall showers and magnificent floor-toceiling windows overlooking the Ibizan coastline, five minutes away by boat. This castaway island experience can be yours if you can run to the whopping €100,000-a-week price tag.
Hotel Los Caracoles, Frigiliana Malaga’s delightful snail hotel is exactly what it says on the tin. The 12 semicircular cave-rooms are designed to blend in with the surrounding nature, with rustic features and charming circular Hobbit windows. To emulate real snail shells, the dwellings have been built without straight lines, fusing nature and architecture with extravagant swirls, curves and vibrant colours reminiscent of Gaudi.
tel: 952 81 01 02 23
www.theolivepress.es
November 21st - December 4th 2018
info@kssir.com www.ksmarbella.com MARBELLA
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SOTOGRANDE
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G I B R A LTA R
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SEVILLA
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I N T E R N AT I O N A L
ELEGANT PROPERTY IN MARBELLA KSSIR-23619P Bedrooms: 4 · Bathrooms: 4 Built: 553 m2 · Plot: 2.000 m2
1.790.000 euros
This elegant property is situated in the upmarket area of Hacienda Las Chapas which is to the east of Marbella, offering easy access to the beach and the town. Constructed to a high standard this traditionally styled villa has East facing orientation that makes full use of the wonderful Mediterranean climate. The villa offers on the main floor a lovely entrance hall with extra high ceiling and floor to ceiling glass windows, elegant drawing room with interconnected dining room, fully fitted kitchen, a guest cloakroom, TV room with flat screen and fireplace, 3 spacious bedrooms en-suite with dressing rooms or fitted wardrobes, plus a maid’s room. On the top floor we can find the huge master bedroom with en suite bathroom, walk-in dressing room, an office and a private terrace with some Sea views and accessed to the garden and pool. The property also includes gym, separate staff apartment and garage for 3 cars.
IMPRESSIVE LARGE APARTMENT WITH SEA VIEWS NEXT TO PUERTO BANUS
ELEGANT SOUTH FACING VILLA SIERRA BLANCA
KSSIR-25066P
KSSIR-20500P-G5ZEYY
Bedrooms: 2 · Bathrooms: 2 Built: 110 m2
Bedrooms: 4 · Bathrooms: 3 Built: 986 m2 · Terrace: 86 m2
600.000 euros
3.700.000 euros
Stunning duplex apartment offering on the first floor a good size living area with an open plan kitchen, fitted with good quality appliances, and including a nice dinning area and a balcony. In the second floor, downstairs, there are two bedrooms and two bathrooms, the master one is en-suite. New A/C has been installed. A bright property recently refurbished.
Elegant south facing villa designed in beautiful classical Mediterranean style and situated in the prestigious neighbourhood of Sierra Blanca estate, only a few minute’s driving distance from the town centre and the popular Puerto Banus. Built over two main levels plus a basement, which provides an integral garage for 8 cars and gym.
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PROPERTY
www.theolivepress.es
November 2018
November 21st - December 4th 2018
Curious yellow
Is it a balloon, a zeppelin or a yellow submarine? No, it’s an ultralight pavilion dreamed up to promote Spain at the next world EXPO ULTRA MODERN: The nine inflatable canopies will thrill visitors in the Middle East
T
WO Madrid architect firms have joined forces in a bid to design Spain’s National Pavilion for EXPO 2020 in Dubai. Their incredible design includes an inflatable canopy of nine custard yellow cylinders set within a steel framework. The ‘breathing pavilion’ design allows two inflatables to move the cylinders up and down to respond to views, light and breeze. Reinterpreting a typical Spanish plaza, the
project includes an elevated square underneath inflatables with room for diverse programming and installations. According to Arch Daily, the shaded space is is designed to adapt to the climate of Dubai with natural thermal conditioning. Below, a matrix of large fans will move air to accompany the gentle breeze generated by natural wind flow. There will also be a restaurant and tapas bar, mixing gastronomic experiences ‘with spatial and sensory stimuli’ - not unlike
squares and famous steps across cities in Spain The pavilion is designed to emit zero emissions with the help of 1,000 square meters of rooftop photo-voltaic panels. In turn, the design team designed the inflatable deck with more than 80% certified recycled materials. The ultralight pavilion aims to be a more sustainable structure that could be easily removed and transported as it takes on other lives after EXPO.
T: +34 956 793 200 E: info@sotograndesales.com www.sotograndesales.com
SOTOGRANDE COSTA KINGS & QUEENS - S323 Beds 7 · Baths 7 Build 549 m2 · Plot 1928 m2
Bristow Property Group SL Locales 16/17, Galerias Paniagua Sotogrande 11310, Cadiz
€2.600.000
SOTOGRANDE ALTO FRONTLINE GOLF - N398
SOTOGRANDE ALTO FRONTLINE GOLF - N408
SOTOGRANDE ALTO PANORAMIC VIEWS - N429
POLO APARTMENT - B130
Beds 5 · Baths 5
Beds 5 · Baths 5
Beds 3/4 · Baths 2.5
Beds 3 · Baths 3
Build 360 m2 · Plot 1.070 m2
Build 620 m2 · Plot 3.859 m2
Build 219 m2 · Plot 2476 m2
Build 167 m2
€1.325.000
€3.200.000
€760.000
€430.000
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November 21st - December 4th 2018
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Calle La Gaviota Las Chapas, 29604, Marbella
XIV 26
PROPERTY
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November 2018
November 21st - December 4th 2018
style from the gods Spanish convent born again as culture and foodie hotspot
I Property of the Week
Ventas Del Carrizal - TH3765 44.000€ With 4 bedrooms and 2 bathrooms you could move into this property straight away. It has off road parking and for heating a large log burner. Spread over 3 levels the ground floor offers a living room, separate diner, traditional fitted kitchen and downstairs bathroom.
tel: +34 953 587 040 Calle Abad Moya 4 bajo, 23680 Alcalá la Real, Jaén info@inlandandalucia.com www.inlandandalucia.com
T’S the last place on earth you’d expect to find comfort and luxury. But if you’re looking for some upmarket R&R, get thee to a nunnery. Or rather, two nunneries. Spanish interior designer Francesc Rife has transformed the 17th-century San Jose and Santa Teresa convents in Valencia into a food market and cinema and plans to add a hotel. Rechristened Convent Carmen, the palm-strewn grounds have been fitted with shady pergolas and three shipping containers which house funky al fresco ‘food truck’ style restaurants - serving everything from regional classics like esgarraet and espetos to ramen and pad Thai. The main buildings, which have been reconstructed in a minimalist style to accentuate the structure’s domed ceilings, will host film screenings and public talks. “We sought to create very little noise through the design of a specifically minimalist structure,” said Rifé. “Through light, we have worked to highlight the main elements of the church… The RGB colour light system allows you to experience space in a much more mystical and special way.” A 50-room hotel is slated to open at the complex in 2020.
CAPTIVATING: Ceiling celebrated with new framework while (below) new screening and dining areas give convents a totally new look
PROPERTY
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November 21st - December 4th 2018
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November 2018
Flying high Expat drone company can give ANY business the fairytale filter it deserves
I
F you want to sell or rent a home, you need to tell a story. That’s the advice of British expat Peter Walkley, whose high-tech drones capture homes and businesses in ways which could rival Disney. The former pilot set up Nitroshoot Media three years ago after noticing a gap in the Spanish real estate market for slick aerial video footage and images. “If you’re trying to entice buyers from somewhere like the US, they don’t want to swipe through still images,” explains Peter. “A high tech video, including aerial and interior footage, will give them a much better idea of the property’s
layout and will speed up their decision-making and ultimately help close deals a lot faster.” Now, the Dover native and his wife-cum-business partner Brigitte Knufsman have expanded to focus on Airbnb rentals and hotels, as well as other businesses including yacht charters, golf courses and even weddings. “We’ve had a great response,” Peter said, “All our clients have seen a surge in interest and business after receiving one of our packages.” Indeed it’s not just aerial imagery on offer, Nitroshoot will help build your social media and website thanks to tech expert Brigitte, who has years of experience in web design. “We’ve just done a boutique hotel in Ronda and two properties in Mijas and Marbella,” adds Peter, who previously worked as a pilot in the oiling industry, before skippering a yacht in the Caribbean. “The reaction has been fantastic, the need for our service is really taking off.”
AN ALTERNATIVE VIEW: Nitroshoot team at work in Mijas and Ronda
Contact Peter and Brigitte at www. nitroshootmedia.com or on 00 34 611312434
Do you want to gain fast Worldwide Exposure and distribution for your Real Estate properties? Increase your Marketing Power and promote your business through Video Marketing!
We also offer: Aerial Video & Photography for hotels, resorts, golf courses, marina’s etc.
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TAKE OFF TIMES: MON-FRI 08:00-22:00 SAT 09:00-18:00 SUN 09:00-18:00 SALES@NITROSHOOTMEDIA.COM TEL: + 34 611 312 434
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XVI
November 2018
PROPERTY
November 21st - December 4th 2018
EXCITING: Entrance to La Gran Reserva, which is expected to be as successful as La Reserva Beach (below) that was 35% over its target this year
Jon Clarke takes a ride into the lush La Reserva hills to have a look at one of Spain’s most exclusive real estate projects
I
AM surrounded by lush matoInmobiliaria, one of Spain’s leading rral vegetation, a pungent mix of real estate publications. broom, wild palms and olives and This has gone hand in hand with the a small smattering of oaks. adjacent golf course finding itself as The air is pine fresh and the overall Europe’s 36th best golf resort, according to Golf World, read by 128,000 sensation is one of silence, only occasionally broken by birdsong and the UK golfers a month. squawk of a juvenile Booted eagle The second-highest new entry, it was high up above me. lauded for its general ‘feelgood factor’ as well as for its ‘excellent’ resIn the distance I can see Africa and taurants, great service and the practhe peak of Gibraltar, while in the foreground I look down to Sotogrande tice facilities which are ‘among the port, a mere five minutes drive away. best’ in Europe. This is easily one of the most exciting The course meanwhile won ‘Best Service’ at the World Golf Awards in Slonew developments in Andalucia today. venia and is included in the World’s A completely virgin area in rolling Top 100 golf courses and ranked 9th hills near the Alcornocales Natural in Spain, rated for its wide fairways, Park, the La Gran Reserva project ‘large and beautifully maintained comprises hundreds of hectares of greens and gentle yet challenging land, but with less than two dozen undulations’. properties. Now December is almost on us and “Yet you can be in Sotogrande port the Beach has closed for the winter in just a few minutes and it’s wonderseason, Sotogrande’s bosses have ful for families, with kids turned their attention to being able to cycle, walk finishing the landscaping The Seven or horse-ride around and planting of the La the area in total safety,” Gran Reserva, as well as comprises of explains Sotogrande SA beefing up security and brand manager Juliana seven of the most laying the foundations Velez. the first villas. amazing homes in for Even better, as of this The series of stunning Spain summer, a stunning new properties sit in an enclave that can only realifestyle project opened lly be compared to La some 400 metres below. Zagaleta, in nearby Benahavis, but The so-called The Beach is a breathtaking inland lagoon and restaurant, with better communication and much which counts on 2,800 square metres nearer the beach. of shoreline and a nearly a dozen acIn one of the lowest density developtivities for the family including water ments in Europe, buyers have a choice of two different options, ‘The 15’ sports, tennis and padel courts. and ‘The Seven’. After it opened in June, next to La Reserva golf club, it became one of the The first, a series of 15 plots are coast’s most-talked about attractions, around 5,000m in size and a range of architects are available for the and it surprised everyone by bringing design and build, while the stunning in 35% more visitors and turnover ‘The Seven’ project comprises seven than bosses had initially predicted. of the most amazing properties (see Unsurprisingly, it has just won an pullout right) to be built in Spain. award as 2018’s Best Real Estate “We have not officially started marProject in the fifth Andalusian Real keting the 15 yet, but the plots are Estate Awards, created by Andalucía offered to those who want to be part of this exclusive community” explains sales rep Vanesa Butron, who showed me around the site. “Each house will be well integrated into the landscape, blending into nature and with lots of wood and stone and only natural building materials,” she adds. “All will have a very high end finish, geared towards high net worth individuals and if buyers want to use their own architect they will have to adhere to our standards and we will maintain the right to have the final HARD AT WORK: Landscaping team
say to maintain the general quality and style.” Nearby, buyers will have to move fast to acquire one of the four villas left in the outstanding separate gated-com-
Fran Silvestre Arquitectos
Gumuchdjian studio
Studio MK27
Jensen & Skodvin
Welcom
munity of El Mirador, which has direct access to the golf course and is already approaching completion. Created by leading local architecture firm ARK, each villa is different in
style, with price tags from €6m, and with landscaping and views to the maximum. Finally a nearby series of homes in the so-called La Reserva Collection
Andreas Martin-Lof
TAKE seven leading international architects, give them seven generous plots and command blue sky thinking, but with authenticity and nature as part of the mix. This is the concept behind The Seven, an amazing seven villa gated-community set in 10 hectares of virgin woodland in the hills above Sotogrande. With leading French landscape gardener Jean Mus sculpting this ‘patch of Provence’ in Andalucia, it is set to be one of most exclusive developments in Europe. The price-tag starts at €15m and each home counts on at least a hectare of plot as well as guaranteed uninterrupted mountain and sea views. The seven architects include London’s Gumuchdjian studio, that has worked on the Centre Pompidou-Metz and Kew Gardens, and also won awards from the RIBA in the UK. It also includes Brazilian architect Marcio Kogan – of Sao Paolo’s Studio MK27 – for his first Andalucian project. His Kogan Villa is a delight for its use of space and wood, which is no surprises for a studio that has won over 200 awards. Swede Andreas Martin-Lof has created a wonderful internal garden that cleverly frames the Rock of Gibraltar, while Valencia-based Fran Silvestre
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November 21st - December 4th 2018
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November 2018
DATES FOR YOUR DIARY
me to paradise start at €2.5m for a four to five bed villa. “All four projects are a lot more than just owning a property,” explains Juliana Velez, who has worked in La Re-
serva for three years. “We are selling a barefoot luxury lifestyle perfect for families both to live or as a second home. “La Reserva is the perfect place to re-
connect with yourself and your family and our high level of service is key. “Everything here is about authenticity, low density living, space and quality. As simple as that.”
Manuel J. Ruiz Moriche, ARK
GLOBAL POSSE: (from left) Ben van Berkel, Fran Silvestre, Jan Jensen, Manuel J. Ruiz Moriche, Andreas Martin-Lof, Philip Gumuchdijian, Marcio Kogan
UNStudio
has gone big on landscaping and environmental touches. Having designed the amazing Erasmus Bridge in Rotterdam, Ben van Berkel, voted the A&W architect of the year,
was always going to create something stunning, while Norwegian architect Jan Jensen is big on nature and brings his Viking spirit to Sotogrande for the first time.
Finally, local architect Manuel R. Moriche, from ARK in Sotogrande, has come up with a stunning modern design with an indoor and outdoor pool to make up the Seven.
Festive delights IT is a busy month ahead for Sotogrande with more events than ever taking place within its leafy borders in the run up to Christmas. As ever there is a big focus on culinary events, and the Christmas street market will be a key focus in December in the Marina. One particular date for your diary should be December 15 when there will be a Santa’s grotto, live music, as well as food and drinks, all organised by Sotogrande International School. It will certainly be a great time to take a visit to the El Mercado de Levante at La Marina, where most of the restaurants will have special festive menus, including pick of the bunch Don Diego, which has a special Christmas menu. Up at La Reserva club, there are a series of fabulous Xmas menus at excellent restaurant L’Olive. Chef Cristina Gutierrez (one of Andalucia’s top female chefs) will be undertaking a ‘show cooking’ event geared towards Christmas on December 12.There are also a series of excellent Christmas menus for companies, which start from just €20 a head for a basic cocktail and tapas menu, and from €55 for a proper sit down meal. Plus an excellent Christmas Day brunch for anyone looking for a good place to enjoy this festive day. And for a great way to see in the New Year and brush off the cobwebs of 2018, why not head to L’Olive on January 1 for a very special New year’s brunch.
Walk for Danii La Reserva are very proud sponsors of the upcoming Sotosol Walk and Fun Run, which is taking place this Sunday (nov 25) through the reserve hills. The popular annual event is organised to raise money for the charity of local girl Danii Toni, who attended the local Sotogrande International School and has gone on to university in the UK, despite having cancer. The Danii Cancer charity was set up to help her battle with leukemia, and it has so far raised nearly €180,000 for three different causes, including the children’s oncology ward at Hospital Virgen del Rocío in Sevilla. You can walk or run 5km or 10km routes, around La Reserva, starting and finishing at Sotogrande International School. Great for all the family, why not bring your
dogs and enjoy the fresh air and exercise even if you are not competitive. This really is an event for everyone, so get a team together, pick up a t-shirt from outside the school and get involved – the more the merrier!
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www.theolivepress.es
November 2018
Why Scandinavians keep on investing in Spain despite a property problem at home
F
OR years, the Scandinavian property market has seemed not merely buoyant but shock-resistant. The latest signs, however, cast a shadow over more growth in the short term as experts predict that one of Europe’s most dynamic real estate markets could be set for a correction. We tend to think of Scandinavia as the doyen of social democracy, liberal politics and humanistic ideals - a reputation derived from half a century of leading the world in progressive thinking. One manifestation of this socially responsible attitude was the fact that housing has traditionally been viewed in Scandinavian countries as a social benefit rather than an asset class. As a result, successive governments have tried to tame the real estate bull and stop it from becoming a volatile medium of speculation. But it seems, the long battle was finally lost around the turn of the century. Property markets in Scandinavia are no longer purely concerned with housing and have become popular forms of investment. Add reasonably buoyant economies in recent years, along with rapid population growth through immigra-
November 21st - December 4th 2018
Scandi power tion, and the housing markets of Norway and Sweden in particular have spent most of the past decade expanding rapidly in sales, construction and prices. This is as true for commercial real estate as it is for residential, and has been most marked in the capital cities of Stockholm and Oslo, the latter being the fastest-growing metropolis in Europe for some time now. New realities The dynamism was such that an area often overlooked by international investors now attracted them in numbers, and the result has been visible in a level of growth and price rises that were, inevitably, hard to sustain. In Sweden, for instance, property prices have risen by over 50 per cent in five years and are now 70 per cent higher, on average, than during the pre-crisis peak. It seems too much hot air has flowed into the Scandinavian property balloon. This has lead analysts – including those at Goldman Sachs – to predict a corrective
contraction in the market in the short in 2016 the Swedish authorities decided term that they believe will be followed by the time had come to curb what it saw as a period of relative stasis. a potential threat. In other words, for now the dynamism is Sweden had been creating its own future out of the Scandinavian property mar- subprime situation by inverting the lenkets and you’d better look elsewhere for ding to repayment situation. Stricter new opportunities. mortgage repayment That said, the predicted regulations were introdu10 per cent drop in proced that increased cash The situation perty values is indeed deposit contributions in could herald an property purchases and a correction, not a full-blown crisis. However, forced lenders to pay opportunity to the problem lies not off the principal more only in overly high prodraw even more quickly. It proved decisiperty values but also ve for the market which, Scandi buyers in the more worrying without the turbo-boost phenomenon of high inof previous years, all but debtedness. It’s another ground to a halt. characteristic we would normally not There’s a delayed reaction between suassociate with Scandinavian countries. pply/demand factors playing out and But the easy hand-out of mortgages and prices responding to them. But already, other forms of financing over past years prices have begun to fall, and now it has led to rising levels of indebtedness – seems the Scandinavian property sector now at its highest level since Scandinavia has some difficult years ahead of it due began recovering from its banking crisis to a controlled/induced slow-down that back in the early 1990s. Debt-to-income may have averted a bigger crash. ratios have been climbing steadily, and Having said this, some experts are more
positive about the outlook for the Scandinavian property market, arguing that macro-economic indicators combined with the prospect of long term low interest rates and low unemployment mean a much softer landing is in store for the market. What it means for the rest of Europe Those Scandinavians with cash and equity - and there are still many - will simply turn their attention away from their home markets and focus more on opportunities elsewhere, in countries such as Spain, for instance. The Scandinavian economies are still performing well, so the slowdown is largely limited to the property and construction sectors, though it will of course also have an impact on banks. As always, the lower to medium end of the market is most strongly affected, among them first time buyers, so more affluent buyers will find cash purchase opportunities at home and attractive investment opportunities overseas. Ikea sales in their home market might drop too, but for the likes of Spain the situation in Scandinavia could actually herald an opportunity to draw even more Scandinavian buyers to its warm shores.
Terra Meridiana, 77 Calle Caridad, 29680 Estepona • Tel: +34 951 318480 Office Mob: +34 678 452109 • Email: info@terrameridiana.com • Website: www.terrameridiana.com
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November 21st - December 4th 2018
31
86
9,
00
0€
Tel +34 952 816 250
VILLA – EL CAMPANARIO, ESTEPONA 4 Beds • 3 Baths • 550 Built m2 • Terrace 200m2 • REF 176-01380P New project now being built and with estimated delivery summer 2019. This very well located residential site overlooks the charming El Campanario Golf & Country Club, just minutes from San Pedro and Marbella. The development will consist of 4 luxury, southfacing golf villas with built sizes of over 300m2 and plot sizes of over 550m2. Modern design and high quality materials are the principals of the project. There is now an opportunity to reserve your new home and customize & modify the choice of materials and even the layout and distribution. There are basement options and an option for a roofterrace with wet bar and jacuzzi. All villas have 3 off-street parking spaces. Prices starting at 869.000 euros
Centro Comercial Plaza 63, 29660 Nueva Andalucia, Marbella Tel +34 952 816 250 • info@andadev.com • www.andadev.com
32
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November 21st - December 4th 2018
SELLING HOMES FASTER
SO
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W E H AV E B U Y E R S C U R R E N T LY W A I T I N G F O R L U X U R Y P R O P E R T I E S WITHIN THE WIDER AREA OF MARBELLA
The Golden Mile l Sierra Blanca l Cascada de Camoján l La Zagaleta Nueva Andalucía l Puerto Banús l Guadalmina
Contact us for a discreet and no obligation valuation on 952 77 44 33, or out of hours on 677 79 40 60 or visit our office directly opposite Marbella Club Hotel www.marbellalvs.com
LUXURY VILLAS HL60.indd 2
24/10/18 17:58
PROPERTY
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November 21st - December 4th 2018
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November 2018
ADVANCED: (Left) Mock-up of Atlantis, while (right), satellite images of seabed where historians believe structures once stood
Lost and found? Historians have ‘finally discovered’ Lost City of Atlantis in southern Spain and evidence of historic - and advanced - building methods
A
NEW documentary has claimed the Lost City of Atlantis was in fact off the coast of Andalucia. Atlantica, produced by Michael Donnellan, claims ancient ruins analysed off the coast of Cadiz prove Atlantis’ huge harbour walls once stood in southern Spain. Maritime historian Tim Akers, head
PLATO: First wrote about Atlantis
of research at Merlin Burrows which stage of development, existed, so studied the pictures, also said ‘la- long ago. boratory analysis’ of material reco- "And had existed undisturbed for vered showed evidence of a type of many thousands of years prior to its cement not seen before. destruction. "We have filmed clear evidence and "The imagination boggles when conhave collected samples which have sidering their capabilities. We have been scientifically tested in a lab in a lot we can learn from this civilizaModena, Italy, which is used in tes- tion, to help move our own into a ting ancient Roman finds. better future." "The results of the tests prove the Dr Giacomo Falanga, from the Modena Centro Prove, age of the finds are a chemical testing older than Roman or laboratory in ModeGreek, and that they We’re talking na, Italy, said: "Thewere more advanced," Akers said. se structures contain about a The film was produbinders, like calcite. civilisation with The presence of mica, ced on the back of the new images, which potassium, and other very advanced were taken with the trace minerals show technology help of satellite imaproof of artificial migery. xing of an ancient, Filmmaker Donnellan prehistoric concrete." said: "Finding and filming Atlantis Andrea Carpi, a space materials enhas been life changing. Talk about gineer from the laboratory, added: "We can confirm with certainty that a purpose. "All my skill sets and passions have the samples analysed were the creacome together in the creation of this tion of an ancient civilisation with series of films. The discovery of At- advanced construction methods, lantis is monumental. which makes me believe that we're "Suddenly we know, not think, but talking about a civilisation with very know that humanity, in an advanced advanced technology."
SEA WALL: Entrance to Atlantis
REMAINS: Of ancient civilsation, while (above), map of where city stood
Spanish Properties Direct Buy or sell a Spanish property privately. No estate agency fees to pay.... Our sister company “French Properties Direct” has successfully operated in France for over four years and now the team is launching in Spain. Using our marketing skills and support services you can sell your Spanish property without using an expensive estate agent. We offer a cost effective, professional, tried and tested service, designed to make selling your Spanish property simple and straightforward. We advertise on major international property portals such as Rightmove and Zoopla and for your peace of mind are members of AIPP and the Property Ombudsman Scheme. HAVE A LOOK AT OUR WEBSITE AND CONTACT US FOR MORE INFORMATION
www.spanishpropertiesdirect.com Telephone: +34 622 142 692 email: hola@spanishpropertiesdirect.com
XXII 34
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November 2018
November 21st - December 4th 2018
Madrid Leading Spanish architects scoop
T CELEBRATED: Emilio Tunon
WO Spanish architects have been awarded a ‘lifetime honour’ award by the presitigous Royal Institute of British Architects (RIBA). Ignacio Vicens y Hualde and Emilio Tunon are among seven laureates set to receive 2019 International Fellowships at a ceremony next February. The lifetime honour recognises the contributions of architects internationally and allows recipients to use the initials FRIBA after their names. Tunon, of Tunon and Ruckstuhl Architects in Madrid, has taught in universities around the world and was previously
Cadiz On a steep slope overlooking Playa Alemanes, in Atlanterra, this majestic 400 m² house will be carved into the land through a set of horizontal platforms, protected from the wind by thick concrete pillars. The top floor of this Tunon creation boasts stunning views over the ocean and houses a kitchen and master bedroom. The lower platform houses the pool surrounded by thick pillars, with parking on the floor below.
Casa Caceres This picturesque home by Tunon is to be built using quartzite from Caceres. Inside there are nine cubic rooms each measuring 4.20m2 which connect to the outside through large square oak windows. The stunning home will come complete with a pool for the scorching Andalucian summers.
Valladolid Wine Dome This proposed design is set to rise up on the banks of the river Duero, replicating the neat rows of the surrounding vineyards so precisely it’s almost invisible. Incredibly spacious inside, the Wine Dome is a basic structure of 86m2 with a square courtyard in the centre inspired by medieval monasteries which, according to architect Tunon, ‘treasured the wisdom of wine production’.
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November 21st - December 4th 2018
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November 2018
masters top British award from the RIBA
awarded the Gold Medal of Merit in Fine Arts from the Spanish Ministry of Culture. Hualde, head of Madrid-based Vicens + Ramos Architects, has also taught across the Americas and Europe. His notable works including the School of Communications at the University of Navarra and the Churches of Rivas-Vaciamadrid. Together they are changing the skyline of Spain and Andalucia with their iconic structures. We delved into their portfolio of projects, completed or underway, to bring you the highlights.
Madrid home The construction of this unusual single-family home was carried out on lot #26 of Las Encinas Neighborhood, in Pozuelo, Madrid. The Hualde design has a huge surface area of 14,077.83 m2 and boasts a trapezoidal shape. CONGRATS: Ignacio Haulde
Church of Ponferrada Another divine inspiration has been this imposing modern church in Ponferrada. According to Haulde, the church’s main space is designed as a meeting place ‘for the joyous celebration of the Sacrifice.’ Its layout emphasises community and is littered with symbolic references while the design ensures that the altar, Holy See and pulpit are visible to the entire congregation.
Church of Santa Monica The Madrid-based studio by Hualde was commissioned to create this Cubist-style place of worship for the quickly ballooning population of Rivas-Vaciamadrid, a new residential development 10 miles from the capital. The church has a linear design to make the most of the plot and provide maximum capacity. The building also contains management offices, classrooms and accommodation for two priests.
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November 2018
By FX trader Mark Rickard
November 21st - December 4th 2018
Key exchanges
Back to Basics A S the turbulent political arena in the UK goes into overdrive, the Hokey Cokey comes to mind. And hey presto, the volatility in the markets follows. Daily fluctuations for the Pound to the Euro have become addictive viewing (better than Netflix for a currency broker) for many people regularly moving money back and forwards between Britain and Spain. And successful traders and Singapore speculators will now have ordered the fattest, plumpest, organic turkey for Christmas, after the huge profits they have probably made over the last few months. For regular folk, however, volatility just translates to worry, anxiety and more often than not disappointment. The Pound is like Prime Minister Theresa May, caught between the devil and deep blue sea with no place to go or hide… it doesn’t know if it is coming or going at the moment. One minute hitting €1.15 and then next slipping to €1.13 the
Locally-based FX trader Mark Rickard looks at the ways to avoid Theresa May messing up your Christmas - and not missing crucial stage payments
next day. I also didn’t see an olive branch of ‘true belief’ in the draft Brexit document from her cabinet either. I don’t know if, by the time this issue goes to print she will still be in a job. But she claims to be a survivor and vowed to dig in her heels. Cue song by Gloria Gaynor. Help is at hand Whenever geopolitical turmoil rules the markets, a responsible fx trader should be recommending ‘a forward contract’. This fixes the exchange rate for a deliverable date in the future. This ‘peace of mind’ financial tool enables us mere mortals to budget, and know what our costs will be in the months ahead. Last week I recommended this fix deal to some British sellers who
were repatriating their Euros back to Pounds, as well as some British offplan buyers in Marbella to ensure they could cover their regular stage payments well into the new year. Ultimately I am protecting these clients from any downside and giving them less reason to worry. Sure, it might not end up being the best rate they could have achieved .... as an exchange rate might improve when you have a fixed contract. However, they won’t need to be glued to the money markets morning, noon and night for months, stressing over something they are not in control of. There are no costs to buying a forward contract but there can be a cost to not securing the exchange. Most seasoned traders and international commercial directors em-
ploy ‘hedging strategies’ to avoid risking their hard earned profits, the same should apply to your personal
wealth. God bless Theresa May!! And The Pound.
Please feel free to contact me at Key Currency if you have any questions regarding choosing your foreign exchange broker • www.keycurrency.co.uk • Call +44 (0)1872 487 500
www.efpg-raine.com +350 200 65065
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37
www.inlandandalucia.com November 21st - December 4th 2018
*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
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42.000 €
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TH3917
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29.995 €
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TH3925
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69.000 €
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CH14
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Zagra - Granada
Situated in the beautiful hamlet of Ermita Nueva, this detached spacious 3 to 4 double bedroom townhouse boasts great outside spaces and views over the wonderful Andalucian countryside. Double fronted property with on street parking.
A 3 double bedroom townhouse situated in this historical town in the Jaen region of Andalucia. This great value property has on street parking outside the large solid double doors which takes you in to a wide hallway with steps down to a basement storage area, the hallway leads on to a private internal courtyard.
This beautiful chalet style property sits in one of the most idyllic locations surrounded by views of stunning countryside. It is located within a plot of over 5,000m2 with established almond and olive trees. The living area consists of 2 good size bedrooms a spacious living room with open fireplace and plenty of storage.
275.000 € Villanueva Del Trabuco – Malaga VL774 An amazing property surrounded by stunning views of the countryside. It has a gated entrance which leads on to the private driveway and double garage with electric doors. The grounds consist of mature established planting, a large summer kitchen and a stunning 6m x 4m private swimming pool.
Malaga Office
TH3918
This bargain 4 bedroom townhouse is situated close to the popular town of Priego de Cordoba and boasts views on the wonderful Andalucian countryside. With plenty of on street parking right outside the property.
CJ461
This 186m2 build countryside home with 3 double bedrooms and 2 bathrooms is situated on the outskirts of the village of Las Caserias. It has a private garage with a storage room, double gated entrance on to a front patio with mature grape vine and a good size swimming pool.
TH3898
Semi detactched townhouse located on a popular urbanisation in the beautiful town of Fuente de Piedra just a short walk to all the local amenities, shops, bars, restaurants and the famous flamingo lagoon and nature reserve which is very popular with bird watchers from far and wide.
CJ273
This is a stunning property, set in a rural location giving views of the beautiful countryside and famous Iznajar lake. It is set within 1500m2 of land and has beautiful private garden patio areas and swimming pool. Offers a well fitted kitchen, lovely dining room, separate lounge, 5 bedrooms and 2 full bathrooms.
Jaen Office
Calle de la Villa 14, 29532 Molina, Malaga
Calle Abad Moya 4b, 23680 Alcala la Real, Jaen
info@inlandandalucia.com
contact@inlandandalucia.com
952 74 15 25
953 58 70 40
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PROPERTY
www.theolivepress.es
November 2018
November 21st - December 4th 2018
HOMESELLERS REPORT
I
T was mid-2003 when Zoe Males packed up her VW camper van and headed ‘as south as you could’ from her home in rainy Wales. With two young kids and her ex-partner in tow they eventually arrived in the isolated, dusty corner of the Iberian Peninsula, near Mojacar. It was the new life dream they were both after, but the price of buying a home in Almeria didn’t unfortunately fit their budget. “I loved the idea of Mojacar having worked there as an au-pair at 17, but we just couldn’t afford to buy anything there,” explains Zoe, 40, of Olvera Properties. “Then we spotted a house on the market in an inland town called Olvera, which cost just €27,000 and came with a garden. “It sounded perfect and after looking at nine other nearby properties we ended up buying it.” The mother-of-four continues: “Like many people we quickly realised we could not get what we wanted on the coast and we simply moved inland.” The former customer services manager was soon hard at work with her partner renovating the house, and most importantly learning the local language. There were few foreigners living in Olvera - a charming mountain town be-
About turn! It’s been a rollercoaster ride for Welsh agent Zoe Males, of Olvera Properties, since arriving in Andalucia in 2003
tween Ronda and Sevilla - and practi- the town of around 50 miles and takcally none of the locals spoke English. ing in Ronda, Zahara and Algodonales. “I knew I had to learn the lingo and I “We were run off our feet in 2005 and got the biggest Spanish/English dic- 2006, with so many buyers, sometionary I could find and I simply learnt times four to five a day to look after,” hundreds, then thoushe explains. “In one sands of words,” she week we actually sold says. six properties. I got the biggest Her quickly-improving “But by 2008 the crash grasp of the language Spanish dictionary I started to happen and soon led to other buyby 2009 we were hapers asking her for help could find and simply py if we sold one propin local matters and learnt thousands of erty a month.” this led to a job with a So what did she do? words rapidly growing estate She bought the agenagency, run by another cy off the owners, who expat couple Melanie moved back to the UK, and Anthony out of their to find a new life. home in the heart of the town. “It was certainly a tough choice and By 2005 the market had ‘gone wild’ things continued to be tough,” she and the new agency was inundated recalls. “In 2010 we even had six with buyers, looking in a radius around months when we didn’t have a sale. It
was a very tough time.” Meanwhile, she had two more children and eventually teamed up with another business partner Anne Marie, who also came from Wales. Trade however continued to be tough, but the pair somehow managed to survive (with Zoe having to spend much of the year working in the UK) and by 2016, the market finally started to turn. After years of flatlining prices, the number of buyers is rising, alongside the average price of properties. “Thing’s have really picked up in the last couple of years,” explains Zoe. “Last year was really healthy and the first half of 2018 was great. “The amount people are coming with are going up well and with people looking at townhouses that we were selling for €40,000 to €50,000 two
TEAM: Zoe and Anne Marie in Cadiz years ago, now most clients are coming with €70,000 to €80,000, and we’re definitely seeing a lot more interest. “There are also a lot more country property buyers in the €250,000 bracket these days,” she adds. And this is no surprise given how stunning the countryside is around the area, with the landscape and views not dissimilar to the Highlands of Scotland or Snowdonia, but with sunshine. In total Olvera Properties has just over 300 properties on its books. “We know every listing inside out and are good at matching buyers with homes,” explains Zoe, adding that most of her buyers are British. Visit www.andaluciaolveraproperties.com and contact Zoe at olveraproperties@hotmail.com or (0044) 7969 450 206 in the UK or Annemaire on (0034) 686 131 908
Phone: +34 686 131 908 / +34 628 402 957 / UK +44 7969 450 206 email: olveraproperties@hotmail.com Calle Llana Bajo 2, 11690 Olvera, Cadiz, Spain
Olvera Properties A N D A L U C I A
R E A L
E S T A T E
www.andaluciaolveraproperties.com Find the steps to the church and castle and you’ll find us! We specialise in helping you buy property in Olvera, a medieval town in the North of Cádiz province, 1 hour from Jerez & Sevilla airports, inland from the Costa de la Luz, where prices are still reasonable.
SIERRA VISTA 62,000€ ref: AM254
FINCA MAGNA 320,000€ ref: Z479
RUSTIC ECO PROPERTY 195,000€ ref: Z481
FINCA DE LA LUCI, 980,000€ ref: AM263
GARDEN VIEWS 66,000€ ref: Z482
2 bed 2 bath Build: 67m2
3 bed 2 bath Build: 140m2
3 bed 1 bath Build: 140m2
6 bed 4 bath Build: 358m2
2 bed 1 bath Build: 91m2
We have known this house from its very beginnings as a romantic craggy ruin set high up at the top of the town, through to total demolition and its loving reincarnation to what is presented today.
A stunning country finca set in a beautiful part of the Andalusian Hinterland with wonderful views of Zahara de la Sierra. Just a 5 minute drive from Algodonales, an hour to Jerez and Sevilla and about 35 minutes to Ronda.
We love discovering a treasure, and this property sure is one! Set just 45 mins from Seville in the most gorgeous of locations this finca really is stunning.
Here we have a beautifully presented and perfectly wonderful country home that would and has worked as business accommodating larger groups of holiday makers on guided tours.
We love this one, on one of our favourite streets (with my favourite neighbours) with easy walking to the old town, close to the main street in Olvera.
November 21st - December 4th 2018
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With you every step of the way, making sure your dream is realized to the last detail.
Residential and Commercial Interior Design and Construction in Marbella.
www.blackshawinteriordesign.com +34 951 403 787 | +34 681 662 000 Avd. Canovas de Castillo 25, Marbella, Malaga, 29601
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XXVIII
www.theolivepress.es
November 2018
PROPERTY
November 21st - December 4th 2018
Secret to living longer
How a little bit of what you fancy does you good, writes Michael Doherty CEO of the Woodbrook Group
H
Tranquilo,
they’re on their way home..
FRANCE - ITALY - PORTUGAL
SPAIN - UK - IRELAND
DEFRA AUTHORISED ANIMAL TRANSPORTATION We are Defra Authorised and you can rely on us to take very good care of your pet. We will make sure that they are comfortable and have regular stops to be made a fuss of and carry out neccessary business. Our professional and friendly service will keep them happy until they are reunited with you..
For a quote and some friendly advice
Just Call Jack on the dog & bone.. (+34) 902 109 560
info@unionjackremovals.co.uk
www.unionjackremovals.co.uk
ERE is some good news for expats: moving to Spain could help you live longer. But terms and conditions apply - and the most important one is that you have to adopt the Spanish lifestyle. That may be a problem for Brits who like to stick with the full-English breakfast, Sunday roast and a curry on Friday nights. If, on top of all that, your idea of exercise is walking from your car to the bar to watch a football match, your chances of a long and healthy life will be no greater in Marbella than in Manchester. But if you copy some of the ways of your Spanish neighbours, it could put years on you - in a good way! A report by the Washington-based Institute for Health Metrics and Evaluation has predicted that the Spanish are about to overtake the Japanese as the longest-living people in the world. They are outliving the average person in Britain by almost three years and the formula is simple and doesn’t involve running, gym workouts or extreme diets. In the words of one British doctor, the secret of Spanish success is more fruit, more walking and more crumpet. These were the Spanish habits she thought we would all do well to adopt. Take a walk Not a hike, not a marathon, just a regular stroll. Health experts advise that people should walk for ten minutes or more at least four days a week and the Spanish ‘paseo’ ensures you will do just that. The Spanish are also enthusiastic about walking or cycling to work. In Britain, the weather may hold you back. But if you’ve made the move here, you have no excuse. Drink more wine
STRESS RELIEF: Benny Hill knew the secret to a longer life
Well, to be honest, that’s not exactly the advice. But a Mediterranean-style diet, rich in fish, nuts and fresh vegetables, accompanied by a glass or two of red wine, can do wonders for both your physical and mental health. “There is little doubt that eating this way is one of the underlying reasons Spanish people are living so long,” said Helen Bond, a spokesperson for the British Dietetic Association. Take more naps The Spanish may be missing out on this one themselves, since the tradition of the siesta seems to be dying. But, in general, the Spanish practice of a lengthy working day punctuated by coffee breaks and a long lunch is thought to be good for well-being. Enjoy your lunch Britons tend to eat their biggest meal in the evening. A hearty lunch and a smaller evening meal is what the doctor orders. Have more sex That’s the crumpet reference, for those of you too
young to remember Benny Hill. An international survey found that Spanish women had sex an average 2.1 times a week compared with 1.7 times for British women. Spanish men were top of a list of best lovers in a poll of 15,000 women and a survey of dating websites listed Spanish women as ‘the most flirtatious’. As the old Marie Lloyd song had it ‘a little bit of what you fancy does you good’. Take it easy - let Woodbrook do the work for you Avoid stress. Don’t worry about the things you can’t change and plan for those you can. The Woodbrook Group can’t help with your diet or your exercise and we’ve nothing at all to say about your crumpet quota. But we can take some of the stress out of the expat life. We are the leading financial advisers for expats. Unlike many financial advisory companies, Woodbrook is not owned by any financial institution or life insurance group, and so can offer you unbiased and impartial advice. Our experienced consultants can help you balance your savings and investments, by setting up a strategic plan which meets your specific needs. Our expert staff can help you set a plan for getting and keeping your finances in shape - what you do with your body is your own business.
*For more information, contact our team at the Woodbrook Group Office in Marbella: Av. Ricardo Soriano, 72 Edificio Golden Portal B, 1ª Planta 29601 Marbella, Málaga, Spain. Telephone: +34 952768471 • Email: officemarbella@woodbrookgroup.com Woodbrook Group is regulated by CySEC.
www.theolivepress.es
November 21st - December 4th 2018
Inmobiliaria - Real Estate
La Serranía Services
41
Welcome to Serrania Services, Ronda Estate Agents, we are inland property specialists in the Serrania de Ronda, Andalusia. We have properties for sale and to rent in Ronda and the famous White Villages, Pueblos Blancos of the Serrania de Ronda.
Country House, Ronda
Historical townhouse
Historic Quarter
Beautiful country house, pool and guest apartment with stunning views over the Serrania de Ronda and Grazalema. The main house comprises 4, spacious bedrooms, master bedroom with shower and bath, family bathroom, large breakfast kitchen leading out to terrace with spectacular vistas, sitting-room with dining area and feature fireplace.
Townhouse with huge patio enjoying excellent views. A majestic property in good condition comprising 10 bedrooms and 2 bathrooms, kitchen and several reception rooms. Would make an ideal Boutique Hotel. In the basement is an old wine-tasting bodega and shop which would convert easily into a cafeteria or restaurant.
Ronda Townhouse with views, pool and gardens. The house has been renovated to a high standard and enjoys a privileged position standing in the Historic quarter and only a short walk to the centre. Large traditional door gives access to the hallway leading to a well equipped, fitted kitchen, utility room, spacious sitting-room with fireplace and storage room.
Bedrooms: 6 Bathrooms: 3
Build: 320m2 Plot: 71,000m2
Bedrooms: 10 Bathrooms: 2
Build: 560m2
Bedrooms: 5 Bathrooms: 2
Build: 256m2 Plot: 302m2
Ref: 100964
€595,000
Ref: 101280
€249,000
Ref: 101283
€375,000
Finca, Ronda
Grand Ronda Townhouse
Finca, Genal Valley
Finca close to Ronda with excellent views ideal for vineyard, bodega and land 84200 m2. Olives in full production with subsidy. Comprises 1 bedroom, bathroom, kitchen, sitting-room with fireplace. Electricity & water from own well. Good access. Coast 45 km. Malaga Airport 100 km.
Townhouse situated in the heart of Ronda with a splendid interior patio Andaluz. Currently a large family home but is ideal for a Boutique Hotel with all amenities on the doorstep. It retains authentic features with beautiful domed ceilings, arched doorways, splendid windows and marvellous tiling throughout. It has 3 large reception rooms, 2 kitchens, utility area, terrace and 2 patios.
A very light and airy country house, beautifully presented comprising 2 ample size bedrooms, master bedroom en-suite with built-in wardrobe space and dressing area, a large mezzanine can be used as additional accommodation, spacious fitted kitchen containing wood burning stove with oven, separate laundry, doors to patio with views and additional storage housing boiler.
Bedrooms: 1 Bathrooms: 1
Build: 80m2 Plot: 84,200m2
Bedrooms: 15 Bathrooms: 4
Build: 370m2 Plot: 161m2
Bedrooms: 5 Bathrooms: 5
Build: 508m2 Plot: 32,391m2
Ref: 101234
€750,000
Ref: 101228
€1,000,000
Ref: 101059
€550,000
tel: (+34) 952 187 313
movil: (+34) 608 765 990
www.laserraniaservices.com
XXX 42
PROPERTY
www.theolivepress.es
November 2018
November 21st - December 4th 2018
MORTGAGE THINK TANK
by mortgage broker Tancrede de Pola
Banks are now being forced to cough up the stamp duty tax in Spain, but the borrower will probably still pay for it, believes Finance Bureau’s Tancrede de Pola
What’s the point?
P
EDRO Sanchez has officially reversed the recent Spanish Supreme Court ruling which stated that homebuyers, not banks, should pay the up to 2% stamp duty. It comes after a 15 hour debate over who should pay the tax, known as the AJD, saw judges vote 15 to 13 that the client should foot the bill, NOT the bank. New prime minister Sanchez blasted the Supreme Court after it had already decided in mid-October that the banks - not buyers - should pay, given that the tax benefits them. The court sided with the banks against the people, changing its ruling after outcry from several lenders, who complained that they would have to pay back potentially tens of billions in backdated claims covering the past four years. It led Sanchez to reverse the decision by Royal Decree, which came into effect last week.
However it could mean clogging up the judicial system - already overburdened with floor clause cases - with thousands of retroactive stamp duty claims. The tax is a substantial fee – 1.5% of the loan amount plus the interest payable over the term (equivalent of up
to 2% of the loan amount) - which is paid to the notary and allows banks to start foreclosure proceedings should the client fail to keep up with mortgage payments. For the past 23 years it has been the norm in Spain for borrowers to pay the tax.
While Sanchez is trying to look out for the little man, will his interference actually save them money? Here at the Finance Bureau, one of our lenders in October cancelled the requirement of our clients to pay the AJD tax on all new mortgages. However, in this case, what they gave
in one hand, they promptly took away in the other, as they also raised their interest rates by up to 1% with immediate effect. In the run up to the November 5 ruling, house buyers with binding mortgage offers were being urged to complete as soon as possible as ‘terms will not be so good if the final decision goes against lenders.’ Essentially, banks are not in the business of losing money, meaning the borrower is going to pay one way or another. Other experts have also warned that banks will simply pass on the cost to borrowers in higher mortgage rates or other charges, but the Government denies this will happen, and says it will take steps to prevent it - although it has yet to explain how. In the short run, the change will at least remove a cloud of uncertainty hanging over the mortgage market, which should be good for the housing market. Either way, one can expect to see increased interest rates and more expensive mortgage terms for the buyer.
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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November 21st - December 4th 2018
43
OVERRULED! Malaga law firm M1 Legal continue their battle against timeshare companies
FOLLOWING on from our Time’s Up La Costa Advertisement in the last edition, we are pleased to announce that actions in the Spanish courts which were subject to appeals by Club La Costa and Anfi Resorts have now been overruled in favour of our clients. M1 Legal are pushing the way forward and fighting on behalf of hundreds of clients who were mis-sold Spanish timeshares. APPEALS FROM TIMESHARE RESORTS OVERRULED IN OUR CLIENTS’ FAVOUR
Club La Costa After an initial court decision that the case did not fall under Spanish jurisdiction, M1 Legal appealed the decision which was reversed by the Malaga Court of Appeal. The defence argued that the case should not be heard in Spain claiming that the contract fell under English law. The appeal judge ruled that the contractual party i.e. Club La Costa
(UK) PLC Sucursal en España is a Spanish entity and the case should be heard in Spain. The case is now being re-submitted to the court of first instance. There was also a similar decision against Club La Costa the contractual party being Continental Resort Services S.L.
These decisions enable us to re-present many cases to the court of first instance which were originally rejected on the grounds of jurisdiction.
Anfi Resorts S.L. The court of first instance issued a judgement whereby Anfi Resorts had to refund the sum of £19,607 plus interest and also declared that the contract be deemed null and void. Anfi Resorts appealed against the judgement and we are pleased to report that the court of appeal in Las Palmas de Gran Canaria has confirmed the original sentence.
FACT!
NOT FICTION, NOT FAKE! Some resorts are claiming that our news reports are fake!
PROOF
We have the court sentence for every case PLUS newspapers will not publish such articles without seeing the proof! All victories are published on our website at www.m1legal.com
FACT
Since the Spanish Supreme Court Ruling was implemented in January 2015, victories are becoming a routine topic at weekly meetings. On top of the latest appeal victories, in the month of October alone, M1 Legal has secured judgements awarding payouts of £100,000.
For any other timeshare What is FACT and what enquiries contact Sharon is FAKE – You Decide! Johnson at sharon@m1legal.com
PROOF’S IN THE MAKING • 404 cases in the Spanish courts • A further 222 being prepared for submission
Real People Real Results! Anfi Group Appeal Victory on 2 counts £19,607 - AWARDED
Anfi Group Triple Victory £38,766 - AWARDED
Anfi Group £31,703 - AWARDED
Anfi Group £23,983 - AWARDED
Call us: 951 562 550 (local) 0800 6101512 (UK)
Visit us: www.ecc-eu.com
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November 21st - December 4th 2018