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the Olive Press October 1st - October 14th
Buying or selling property in Spain?
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Safe at last! EXCLUSIVE: Peter Hain buys stunning Estepona villa
Page 21
SOLD OUT
SPANISH housebuilder Taylor Wimpey Espana has doubled its annual sales this year. The subsidiary of the British company has already sold out five developments, with British sales up 37%. Meanwhile, German buyers have leapt by an astonishing 160%, fuelled mainly by sales in Mallorca. Marc Pritchard, sales and marketing director, said: “It’s been a really good summer this year. “It’s been at least five years since I’ve experienced such an intense level of enthusiasm for Spanish property.” New Costa del Sol developments popular with British golfers this year include La Floresta Sur near Marbella and Miraval in Mijas.
Malaga company floats A LUXURY property company has become the first in Malaga to float on the stock exchange. Obsido, a Spanish-Norwegian company, debuted on the Mercado Alternativo Bursátil (MAB) this month at a price of €19.40 per share. The company currently manages two hotel resorts in Estepona and Marbella.
Who bagged top prize at the World Travel Awards?
Page 35 NATURAL BEAUTY: Alcornocales Natural Park, while (left) Hayek and (below) Almoraima estate
Controversial Almoraima sale comes off the market after campaign by Olive Press and visit from Hollywood actress Salma Hayek
What have former PM Aznar and footballer Bentley got in common?
Page 24
Full story page 21
Buying or selling property in Spain?
Let us help you reach your destination. Put us to the test. See if HiFX could save you time and money.
HiFX Europe Limited Sucursal en España is a branch of HiFX Europe Limited. HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009, registration 462444, for the provision of payment services.
Contact our Marbella Office: Avda De Manolete, Centro Plaza Local 12-13, Nueva Andalucia, 29660, Marbella, Malaga
Tel: +34 951 203 986 costadelsol@hifx.co.uk
Don’t let the banks cash in! www.hifx.co.uk
VILLA WITH GOLF VIEWS NUEVA ANDALUCÍA *Plot: 850m2 *Gym *Golf view
*Built: 362m2 *Baths: 4 *Marble Floors
*Beds: 4 *Security entrance *Satellite TV
Price: Reduced from 1.500.000€ to 1.395.000€ 182
44
An easily maintained villa in immaculate condition and located in a cul de sac within Las Brisas. REF: 22378P
TOWHOUSE FRONTLINE BEACH
NEW GOLDEN MILE *Built: 125m2
*Baths: 3 *Frontline beach
In process
*Terrace: 41m2 *Marble floors *Amenities near Price: 580.000€
*Beds: 3 *Fully fitted kitchen *Gated community
Ideal holiday home, full time living or as a rental investment. We have several available units!
REF: 23077P
We still have last minute availability of villas and apartments for summer lettings!! El consumidor tiene derecho a que se le entregue una copia del correspondiente Documento Informativo Abreviado de la vivienda
Tel: (+34) 952 81 01 02 · www.KSsir.com · Email: info@KSsir.com
Property
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Saved for the nation From Front Page of Property
ONE of Andalucia’s biggest and most important country estates, which attracted Hollywood beauty Salma Hayek, is off the market. Controversial plans to sell off la Almoraima estate in the Alcornocales natural park have been scrapped after the Mexican actress kicked up a storm to keep it protected. It came after the Olive Press launched a
campaign in 2013 when central government sanctioned a plan to liquidate the ‘key environmental’ estate, worth an estimated €300 million. Last year, the OP exclusively revealed that Mexican actress Hayek and her billionaire husband Francois-Henri Pinault had flown in to visit the 14,000 hectare property, in Castellar de la Frontera, near Gibraltar. The couple came close to buying the land after Hayek was left outraged at the prospect of it being trans-
The Hain in Spain EXCLUSIVE by Iona Napier
OFF THE MARKET: Estate and (above) Hayek
IT is fitting that a former Europe minister should appreciate the best of what European tourism has to offer. Perhaps that’s why Labour politician Peter Hain has bought a stunning Estepona home with plans to enjoy holidays in our balmy climate. According to sources, Hain, 65, exchanged on the townhouse in Cancelada earlier this year and has been coming back regularly. “Peter loves Spain and particularly that part of the coast,” the source told the Olive Press. “He is very happy with his new home and we expect to see him more and more.” Hain is not the only politician to have been seduced by the Spanish life, with Cecil Parkinson long owning a home near Gaucin and former UKIP MEP and media personality Robert Kilroy Silk owning a palatial Spanish villa just up the road in Casares.
formed into an ‘elite estate’ by a private buyer. The property is one of the last undeveloped cork wildernesses in Europe and home to thousands of rare birds and wildlife. However, under a proposal, sanctioned by the authorities, it was set to become a commercial hunting estate, with a mini airport, polo field and possible golf course. Typically, however, Spanish red tape and paperwork complications halted the purchase after the couple flew in by helicopter to view the property. Now the plan has been put on the backburner, with the estate confirming that it had had a profitable 12 months. “The past year has been much better for us,” a spokesman said. “In the past 12 months we have had a profit of €319,000 which means we no longer need to sell the estate.” He added: “At no point did we actually want to sell the estate, it was merely out of necessity and desperation.” In 2014, the park’s debt reached €1.5 million, giving directors ‘little choice’ but to try and cash in as pressure mounted from regional government.
HEADING TO SPAIN: Hain However while Hain is moving over Kilroy is selling up, the eurosceptic having put the palatial 368,000 m2 pad up on the market for €12 million, as reported exclusively by the Olive Press two months ago. Hain is no stranger to Spanish politics having controversially called for joint sovereignty on the Rock in 2013 and recently used Podemos as a model for winning back Labour votes.
Offices at the Puente Romano Hotel & opposite the Marbella Club Hotel Tel. (+34) 952 863 750 info@panorama.es www.panorama.es
Tax break
BRITISH homeowners in Spain are in line for huge compensation payouts from the Spanish government. The government hit up to 30,000 non-residents with an inheritance tax levied on their homes between 2011 and 2014, but authorities have ruled they can claim back the tax.
An International Associate of Savills
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MARBELLA GOLDEN MILE Great opportunity!
Enclosed: 138 m² Plot: 339 m² Price: € 495,000
ISTÁN ROAD 3-bedroom semi-detached villa in
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PUERTO BANÚS Well-priced 2-bedroom beachside penthouse within a gated community offering security. Great rental potential, just steps to the beach and walking distance to Puerto Banús! Ref. OP7735
Enclosed: 173 m² Terrace: 39 m² Price: € 520,000
MARBELLA GOLDEN MILE 3-bedroom
Immaculate 3-bedroom beachside duplex penthouse in Alhambra del Mar, steps to the beach and close to Marbella centre and all amenities. Ref. OP8331
a secure gated community with wonderful views to the Mediterranean, Gibraltar and Africa, only 10 minutes’ drive to Puerto Banús. Ref. OP8826
townhouse within an Andalusian style complex in Las Lomas del Marbella Club, 10 minutes walk to the beach. Ref. OP5003
Property
2222 the Olive Press October 1st - October 14th
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www.theolivepress.es October 1st - October 14th 2015
Beginning to smell like Christmas… THINK Christmas and the smell of a freshly-painted living room isn’t what normally comes to mind. Unless you live in Gibraltar, that is. For residents of the Rock, a ‘winter clean’ is as traditional as pulling crackers, and this year is no different. Indeed, according to two leading
Andalucia, Valencia and Canary Islands hit with expats relocation
By Tom Powell suppliers, paint is flying off the shelves at more than twice the rate of the rest of the year. “It’s a local pastime, an obsession actually,” Eddie Lucas, boss of Interbuild, told the Olive Press. His counterpart at the Corner-
shop Paint and Trade Centre Daryl Moreno added: “Everybody wants to paint their houses just before Christmas, it’s always been the case. “That means whenever you smell paint, it reminds you of Christmas. “We see a big rise in sales in the run-up to Christmas and it has
already started,” added the keen Barcelona fan, who has worked at Cornershop for five years. However, residents aren’t painting their townhouses in Christmas reds and greens. With over 15,000 colours in stock, Gibraltarians plump for everything from magnolia to mandarin sunset.
Who are the brits
NEW research reveals the profile of the average British home buyer in Spain. Most expat Brits (74%) are aged 45-64, spend on average €200,000 and choose to live by the sea, according to figures published by property agent Tranio. The average property size purchased is over
100 square metres and the most popular destinations are Andalucia, Valencia and the Canary Islands. Tranio managing partner George Kachmazov said: “British buyers are the most active on Spain’s property market. “They make up 30% of all foreign buyers – the French and Russians compete for second place with about 10% each. “During the last decade, English activity did slow down but it’s been picking SPAIN’S first ever crowdfunded home has been sold in back up again over the last Madrid. year.” The Madrid flat was bought through website Housers. Surge es, which brings together investors and developers. The favourable exchange An incredible 49 people snapped up the two-bedroom rate, the growing British apartment for €62,000, with €80,500 to be spent on economy and refurbishing and taxes. favourable Spanish lending Housers estimate the apartment will make a €33,123 rates are among the reasons return over five years for the investors, who are renting for the surge in activity. the property for €450 a month. Altogether, 30% of European Housers.es is looking to find backers for similar projects Google property searches in Madrid, Valencia and Calunge, near Girona, with a made by British people were minimum investment of €100 required. for Spain.
Crowded house
MORTGAGE THINK TANK by mortgage broker Tancrede de Pola
I
ISOLATED: Courteous visitors welcome
Eco-topia
IF sharing a single computer between 60 people, shunning modern conveniences and sleeping in a teepee is your thing, head to one of Spain’s biggest ‘eco-villages’ Matavenero. This northwestern Spanish commune was snapped by photographer Kevin Faingnaert when he immersed himself in the romantically simple settlement. Spaniards are building a reputation for green-conscious constructions. Just last month, the first home to produce more energy than it uses was built in the UK by a Spanish architect.
Exciting times are afoot at the Finance Bureau with its new HQ and insurance agency, writes mortgage expert Tancrede de Pola
T has been a pretty hectic month for myself and the Finance Bureau. As well as moving offices we have launched a new insurance agency, adding another string to our property bow. First things first, the new office is fantastic. Of course the move hasn’t gone without its snags (the usual WiFi issues et al) but all-in-all it has been a smooth transition. We are now located in Guadalmina’s Centro Commercial, in the block in between La Caixa Bank (formerly Barclays) and the Asador – feel free to pop in and say hello. The insurance agency is however the thing exciting me the most at the moment. As the Finance Bureau has established itself as a top mortgage brokerage on the Costa del Sol, I felt it was time to branch out and tap into a market which many of our clients often ask about. When looking for a mortgage it also makes sense to start thinking about your insurance needs, be it home, life, health or building cover. So it was a logical next step for the Finance Bureau - a one-stop shop if you will.
Up, up and away!
And it is important not only to have property insurance but also to have the correct cover, be it for full-time property, a second home or a buy-to-let. The insurance market is evolving every year, and it pays to shop around. However, with insurance companies able to specialise with the cover they offer, you need to be sure the insurance quote covers all of your specific circumstances and requirements. That is why I’ve brought in insurance expert Simon to head up the department. The last thing you need is to have problems if you are
unlucky enough to have to make a claim. For instance, some insurance policies only cover the property if it is occupied all of the time. For a rental with vacancy periods, you will need a specialist insurance policy that covers these vacant periods. If you rent your property to long term tenants it is important to have the right insurance cover, even if your tenant has their own insurance. Insuring somewhere you are not even living in may seem like a waste of money, but it is actually your property you are protecting. Where you are contracting life insurance you will need to consider whether to cover the full mortgage amount for the full term or have it reducing as the mortgage reduces thereby saving on premiums. Likewise, when contracting health insurance, do you prefer full coverage in the event of a claim or, partial. Do you want to use the doctor of your choice, or, one specified by the insurers. All of these factors will affect your premiums. Whether your insurance is up for renewal in 30 days or, 6 months please contact us for a personal consultation.
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
Making Andalucia easier Ulf Hessedahl and his Andalucia Development ‘one stop shop’ have been involved in property for over 30 years THE Costa del Sol has seen an explosion of growth over recent decades and in order to be savvy with the market, it’s essential to speak to people who know their stuff. The small but very well-established Scandinavian team at Andalucia Development, in Marbella, has a wealth of experience in the Spanish and international real estate market. Since the company was set up by Kjell Hessedahl, Ulf’s father, back in 1981, it has been perfectly poised to be part of the immense growth of Marbella and the surrounding areas. The multilingual team is a ‘onestop-shop’ for your needs and can take care of all the details and bureaucratic hoops that are involved when buying or selling a house. Nurturing solid relationships with clients, lawyers, building and property management companies and many more over the years, their connections make the whole process of buying or selling a house as smooth as possible. Their goal: to make their customers feel as comfortable as possible throughout what can be a stressful process. They also secure all of the practical after-sale aspects so you don’t have to worry about a thing. With an approachable, welcoming workforce for whom nothing is too much trouble, the team at Andalucia Development would love to see you – drop in if you find yourself in the area! You can find them in Centro Plaza, Local 63, Nueva Andalucia, Marbella, call them on 952 816 250 or email info@ andadev.com
Home comfort IT’S not just the Brits who flock to southern Spain in search of summer sun… the Spaniards are also keen to visit. Andalucia was crowned the top home-holiday destination for Spaniards, according to travel website HomeAway. With 33% of the stay-at-home market, Andalucia proved more popular than Valencia (17%) and the Balearic islands (15%).
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FOR SALE
Alcaidesa 295,000 euros 3 bedroom semi-detached house Front and back garden 2 Large terraces • 2 ½ bathrooms Off road parking • Beautifully decorated Fireplace • Fantastic sea and golf views Furnished optional Newly re-furbished kitchen – All mod cons Conservatory • Marble tiles throughout 5 mins walk to the beach
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The British love for golf is putting the Costa housing market back on course, writes Joe Duggan
GREENS TO ENVY: On the Costa del Sol and (inset) Jagielka and Bale
B
RITAIN’S enduring passion for golf has played a pivotal role in our love affair with Spain. Justin Rose has been fleeing England’s rain-streaked shores for the sun-kissed fairways of the Costa del Sol and Murcia for decades, indeed every chance he gets. For the 2013 US Open winner, sheltering from the elements under the dubious cover of a 12th-hole tree back in Blighty is but a distant memory. And, these days, the nation’s fervour for golf and dreams of a frontline home on the fairway are helping to boost Spain’s resurgent property market as the country starts to exit the savage recession. Mark Twain described the game as ‘a good walk spoiled’ but, for thousands of expats perfecting their putts, Spain’s manicured greens are enough of an enticement to turn a hobby into a new lifestyle with an investment in bricks and mortar. And for some, living within driving distance of the driving range isn’t enough. More and more expats are choosing to live in properties a mashie niblicklength from the course itself. David Hewitt moved to Spain eight years ago before making the switch to a home at La Duquesa Golf & Country Club. The graphic designer’s townhouse offers him easy access to the course. He was out enjoying a round with friends when the Olive Press first contacted him. “I have a view of the 10th hole. There is a driving range where you can practise,” he said. “The courses are better quality, and we have the weather here. But really I moved more for the location. “I like to play about once a week, but it depends how busy I am.” La Duquesa’s apartments and houses around El Hacho are home to hundreds of golfing fanatics – Scandinavians and
TEEING OFF: On the green and (inset) Aznar Germans as well as Brits – who take part in tournaments and club social events throughout the year. They’re not alone. An estimated 160,000 British people own holiday homes near golf courses and, with nearly 60 courses on the 1,500 Costa del Sol, southern Spain properis high on the list of popular ties. destinations. Ignacio Osle, Regional Director The constellation of star for British building firm Taylor names who have teed off on Wimpey, points to the phenomlocal courses include Real Maenal success of Avalon, their latdrid galactico Gareth Bale and est development at Los Arqueros. former Spanish Prime Minister “We sold the last Jose Maria Aznar. property in AuPremiership footballing alumni Most of the gust, so we have more left,” he David Bentley and apartments no says. Steven Carr love have a “During the rethe game so much, cession, we kept they can often wonderful on developing be found swingview the Los Aqueros ing their clubs on golf resort and courses around we kept on sellBenahavis, while ing out. their La Sala chief associate “Our new developments are Ian Radford loves Guadalmina. mainly built on golf courses, At luxurious Los Arqueros Golf and that is what we are tarand Country Club, near Marbelgeting for the future.” la, residents have been teeing He estimates that 40% of off within putting distance of the customers snapping up a their front door for the past 20 Spanish golfing idyll are Brityears. The course, designed by ish, with others coming from Seve Ballesteros, boasts some
Call John or Pat 956 791 394 / 627 119 860
GOLF KINGDOM: Par for the course
the Middle East or Scandinavia. Such is golf’s continued allure, Taylor Wimpey is spearheading a joint development plan with La Cala Resort for two new golf home enclaves: Miraval in Mijas, a luxury development of 60 apartments, and a townhouse urbanisation christened Horizon Golf. “We also plan another development in Estepona Golf for next year. It will have 58 townhouses and 72 apartments,” said Osle. And with prices for a two-bedroom apartment coming in at around €200,000, business is booming. “We didn’t really have any competitors on the Costa del Sol until now but now there are investment funds selling properties for between one and three million euros,” added Osle. The size of most golfing resorts means that their primary purpose isn’t that obvious to the casual visitor. Alex Twomey, 25, recently took a family holiday to El Chaparral Golf Club, but despite its floodlit greens and acres of playing space, the Londoner noticed no visible signs of golfing activity. He said: “It is massive; if I did not know beforehand that it was a golfing resort, I would not have known what it was. I was quite surprised because I hardly saw anybody in their golfing gear or with their equipment. “There were lots of British people there, though, and it was really beautiful.” Frank Rabbel, development manager at Bromley Estates, is well-versed in finding homes for the influx of British buyers and expats from elsewhere. His company is an exclusive partner with Valle Romano Golf Course near Estepona, where they have 570 properties. And with prices ranging from €103,000 for a two-bedroom, two-bathroom apartment to €181,000 for the most expensive penthouse, the championship golf course is a hit with Brits swinging their five irons. “Most of the apartments have a wonderful view. We have people, many of them Spanish, who buy because of our cheap prices but around 40% of the people are British,” said Rabbel. “We also have Germans, Belgians, Austrians and Swiss so it’s not a ghetto of one nation.” However, when it comes to golf, make that a united nation.
1S-0029: BEACHFRONT APARTMENT LA CALA SEA VIEWS LARGE STUDIO
2A-2555: GREAT HOLIDAY HOME WITH VIEWS 2 BED 2 BATH
Front line beach studio in the heart of La Cala village. Situated in a much Great location close to all amenities and the community has it’s own sought after development with direct access to the beach from the gardens tunnel access to the beach front! Super sea views from the south facing and pool area. The property is extremely spacious with some owners terrace which also overlooks the gardens and pool area. The apartment converting to one bedroom apartments. Includes a small kitchen, has a modern open plan kitchen and a newly updated shower room, complete bathroom and large lounge/dining area leading onto a glazed two double bedrooms with fitted robes, family bathroom and lounge sunny terrace that enjoys superb views to the sea. There is communal with feature fireplace. Excellent value for this ideal holiday home on parking. Low running costs. A superb rental investment and holiday home. an established community with communal parking.
100.000 Euros
149.000 Euros
2AP-0070: SUPERB FRONTLINE GOLF PENTHOUSE 2 BED 2 BATH Superb penthouse with great front-line golf views to miraflores golf and all day sun on the huge 160m2 wrap-a-round terrace. The property itself has a large lounge/diner with feature fireplace and vaulted ceilings, well equipped kitchen, two large double bedrooms (one en-suite) a further single bedroom and private lift access directly to the apartment. Well kept pools and gardens, large store-room and garage space are added benefits. A must for viewings!
255.000 Euros
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October 1st - October 14th 2015
High-flying at HiFX
HI-FIVE: Money transfer company striking gold in Centro Plaza, Puerto Banus
The property market is on the up, and so are spirits at leading currency company HiFX, writes Rob Horgan
‘T
HE old band’s back together,” explains HiFX Spain’s new Country Manager Tanya Edwards as she settles into life in Marbella. The money transfer company has been experiencing a period of intense growth and having just moved to the Golden Mile, Edwards is confident that this will continue. Having originally worked in HiFX head office in Windsor from 2005, she is delighted about being reunited with former colleague, Operations Manager Amanda Best. They are fronting up the Spanish operation from Centro Plaza, in Nueva Andalucia, Marbella, having worked together for years. Located behind Yanx restaurant, with breathtaking views towards the mountains overlooking Marbella, the team of five want to get across to clients how happy they are to deal with them personally and not to feel rushed.
Experts
“I want people to feel comfortable enough to drop in, have a cup of coffee and find out what their options are,” Edwards explains. “There are no obligations when you come in. We are a friendly bunch and are always here to help and guide you through any money transfer requirement, whether you are buying or selling property, or have regular payments to make.” Having transferred over £100 billion to date, HiFX is one of the largest international money transfer specialists in Europe, offering highly competitive, bank-beating exchange rates to both individuals and businesses. With three offices in Spain, HiFX cover the whole of the Iberian Peninsular including the Balearic and Canary Islands. Now part of Euronet Worldwide, a global electronic and transaction processing solutions company, HiFX offers a personal service with each dealer serving
Meet the team:
Based in Windsor
Manager – Ed has relocated to Spain after working in the Corporate department, in UK. Now in charge of sporting sponsorships, he is a keen golfer and is in charge of the corporate box at Malaga FC
Based in Marbella
Carlie Reid – Client Account Manager – Recently back after maternity leave, Carlie has been helping clients in Spain for nearly 10 years and previously worked in the UK head office
Jose Ivars-Lopez – Head of Banking Partnerships – Based at HiFX Windsor and heads up not only Spain, but the banking affiliations in the UK and Spain. Tanya Edwards – Country Manager – Having originally started with the company in 2005, Tanya headed up the Costa Blanca operations in the boom years, has worked in Windsor and is now in Marbella Amanda Best – Operations Manager - Half Spanish, half English, she has a long history with HiFX over nine years and now helps to head up operations in Spain Paul Radford – Business Development Manager – Having worked in the UK in the affiliate department for many years, Paul is our resident celebrity. You’ll catch him on the radio Mondays and Fridays with his market updates Edward Chapman – Business Development
Based in Costa Blanca South office or Costa Blanca North office Julia Rose – Area Manager Costa Blanca
Janine Mort – Business Development Manager Bradley Smith – Client Account Manager Tania Blanco – Business Development Manager Sebastiaan Schuum – Business Development Manager Hernan Cortes – Corporate Business Development Manager
Want to join the team? HiFX are currently looking to employ further Business Development members for the ever growing teams in both Costa Del Sol and Costa Blanca fewer clients than a bank, giving them more time to find the best rates on offer. And it is an exciting time for the team and - most importantly the people they work with - as the property market takes off. “Seeing the market come back round again really excites me,” Edwards explains. “But what excites me even more is seeing the estate agents and the other businesses we work with prosper. “The crisis was a tough time for everyone, it was heart-breaking to see businesses and individuals suffer.” Spain is certainly once again a firm favourite for those looking to buy abroad, according to the company’s latest Property Hotspots Report. The bi-annual report, which analyses nine years worth of HiFX data, reveals that while France and Spain shared the top spot in March, Spain is now steam-
ing ahead and attracting more buyers. Meanwhile across the pond, the USA continues to be a popular choice for British house-hunters exploring the global property market, as 8% of those searching abroad head there. “Looking at the global property market broadly, the last six months have been very interesting,” explains UK-based director Mark Bodega. “While demand for international property remains well below pre-financial crisis highs, we’re beginning to see pockets of demand off the back of strong price performances in a number of key countries. “In Europe, the story in property reflects the wider economic picture and a two speed Europe is becoming increasingly evident with some countries (Spain, Portugal and Ireland) on the up
with prices rising and demand coming back, while others (France, Cyprus, Greece and Italy) are showing none or negative growth.” But it is not all work and no play at HiFX. As Edwards explains, the new ethos at HiFX is to give back to its affiliates. As well as lining up a quiz night later this month (expect your invites soon) and gearing up for Estepona’s overs 50’s show, the HiFX team are getting sporty. “We have got massively into our sports this year,” says Edwards. “We have a VIP box at Malaga’s football stadium and we are in the early stages of planning golfing events for 2016. “It is good to show our faces, and look after the businesses we work with.” For more information on HiFX call 951 203 986 or visit www. hifx.co.uk/marbella
WINKWORTH URGENTLY NEED MORE PROPERTIES Winkworth have 25 qualified clients actively looking for properties, we urgently need apartments, townhouses and villas for the following clients. Mr E looking for a three bedroom apartment in Estepona – Budget €400,000 Mr M looking for a two bedroom, two bathroom apartment in Guadalmina, close to golf – Budget €300,000 Mr R looking for a two bedroom apartment in Arroyo de la Miel only – Budget €150,000 Ms B looking for a three bedroom townhouse in Benalmadena – Budget €250,000 Ms W and Ms T both looking for a four bedroom villa in Benalmadena. – Budget €500,000 Mrs H is looking for a three bedroom villa in Nueva Andalucia – Budget €500,000 Mr B is looking for a three bedroom penthouse in the Golden Mile / Nueva Andalucia – Budget €900,000 Mr H is looking for a two bedroom apartment in Golden Mile / Sierra Blanca – Budget €600,000 Mrs E is looking for a three+ bedroom villa in Benahavis – Budget €3,000,000 Mr M is looking for a four bedroom villa in Mijas / Benalmadena – Budget €700,000 Developer looking for a distressed villa for himself Budget €1,500,000 and apartments or townhouses in need of refurbishment Ms B looking for a 2 bedroom+ villa in San Pedro or Guadalmina – Budget €450,000 Mr G looking for a property in Vista Azur for buy to let Three clients are looking for Los Granados de Cabopino only Mr and Mrs H are looking for a three bedroom townhouse or apartment in La Heredia – Budget €550,000 Ms P is looking for a two or three bedroom apartment or townhouse in Camojan, Sierra Blanca – Budget €650,000 Mrs K is looking for a contemporary villa with three+ bedrooms, walking distance to amenities, open to area – Budget €2,500,000
IF YOU ARE THINKING OF PUTTING YOUR PROPERTY ON THE MARKET, NOW IS THE PERFECT TIME Please contact Winkworth on 952 880 941 or email info@winkworth.es Experience the difference tel: +34 952 880 941 info@winkworth.es www.winkworth.es
* Disclaimer exchange rate correct at time of going to press.
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Dreams in Duquesa
Get first in line for the bargain buys that won’t last forever, write Andrew and Shani Hamilton from Hamilton Homes in Manilva
T
HE property market on the Costa del Sol is hot to trot once more. And, as confidence grows, previously incognito parts of the coast are edging their way into the limelight. Duquesa Village, in Manilva, is just one location reaping the benefits from the recent rally in the market. Incredibly, all 200 bank repossessions that left the area high and dry three years ago have now been sold to international buyers. These low-rise Andalusianstyle apartments have now become thriving multi-cultural communities set in mature gardens with wellmaintained pools… and, a short drive down to Duquesa beach and marina on internal roads. The urbanisation of Duquesa Village, for example, was seen as practically a
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October 1st - October 14th 2015
ghost town, but it has now become a desirable and sought-after community. One stunning penthouse property (see penthouse paradise below) with uninterrupted sea and golf course views and underground parking is selling for just €119,500. That is an incredibly good deal.
Brits are back The interest currently being registered in Duquesa Village is a reflection of how buyer confidence is back on track. The fantastic investment opportunities combined with the strong sterling-toeuro exchange rate has well and truly lured the British buyers back. This year we have seen a big turning point and when we speak to clients the gen-
LUXURY: Flats available at affordable prices
HAPPY HAMILTONS: Homes on the up
eral feedback is that now is the time to buy. We have had the same clients visiting houses with us on a regular basis over the last few years and each year they held off from buying because they felt that the market would continue to go down. But now they are less cautious and are finally starting to buy, in particular because prices have actually finally started to creep up and will continue to do so for the rest of the year.
copies of tax returns and their last three wage slips. Yes, it is taking a lot longer to get a mortgage than it once did but, with paperwork ready to go, mortgages are being approved. The bureaucracy may be tedious but prospective purchasers should be reassured that the longer wait is a result of much-improved checks against money laundering and ensuring the market’s foundations are solid. Banks are opening their doors to business. Believe us as we have worked for many of them, including Citibank, Royal Bank of Scotland, Credit Agricole and Barclays. Coming from a private banking background has taught
Trading up Repossessed bank properties are also shifting well, with good mortgage options available once more and a new type of buyer emerging in force. Up until six months ago we saw the demand mainly for basic, holiday apartments but now we are seeing an increased demand for more high-end properties. But while the best deals are selling very quickly, the bureaucracy can get
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complicated on the road to completion and patience is necessary!
Inside track Bargain bank repossessions are still to be had so it is not too late to take advantage. Don’t be disheartened if you haven’t bought yet as we must emphasise there are still good deals to be had. The banks still have properties to release but it is essential for buyers to get organised to pick up a bargain as soon as they come on the market. By ‘get organised’, I mean applying for your NIE number now, knowing your budget and preparing your paperwork. But if you don’t know the precise state of your finances, don’t panic. It’s far more common than people think. And remember even cash buyers need to provide evidence of how they make their money when they buy from a bank, complete with
us to pay attention to detail and to listen to our clients. Not only are Hamilton Homes in the business of helping you find the perfect place, we’ll secure you the perfect mortgage too.
Next step? The market is buoyant, the cogs are turning and Hamilton Homes is ready to help you secure that dream buy. Our company specialises in sales across the region, including Alcaidesa, Sotogrande, La Duquesa, Sabinillas and Estepona. We are looking forward to hearing from you. To get in touch, contact Hamilton Homes on +34 952 890 444 or email olive@hamilton-homes.com
Penthouse paradise A TWO-bedroom, two bathroom penthouse in Duquesa village complete with communal pool garden and garage is finished to the highest standard. With a fitted modern kitchen, walk-in wardrobe, bathroom jacuzzi and stunning sea, golf, and countryside views, the marble-floored and air-conditioned apartment is a steal. It is on the market with Hamilton Homes for just €119,500. PICTURESQUE: Views from the site
To get in touch, contact Hamilton Homes on +34 952 890 444 or email olive@hamilton-homes.com
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October 1st - October 14th 2015
Market back on track! Property expert and Overseas Dreams MD Peter Bowerman discusses the strengthening market with the Olive Press
S
PAIN appears to be getting back on track with renewed interest on the Costa del Sol. Latest reports say Spain is once again the most popular destination for mortgage enquiries, accounting for 45% of demand in the second quarter of 2015. The Spanish economy also grew by 1% in the same period, overtaking Britain’s recovery. Current expectations for the year are an impressive 3.3% growth and our own analysis predicts 2015 will see a 2-3% increase in property prices and in some cases more. Having been a successful agent and very safe property investor for 25 years, I have just started borrowing as much as possible to invest on the coast again and been recommending family, friends and investor clients to do the same. Take it from me, five years from now, you’ll look back at these low prices and wish you had stretched yourself and bought bigger or more properties.
HOW’S BUSINESS?
The Spanish market is busy, exciting and officially back on the move. After quadrupling our marketing throughout Europe, the year started off well for Overseas Dreams, however, it has now stepped up a gear. We actually need a lot more properties to satisfy the buyers we have – which is why we are temporarily lowering selling fees to obtain more properties
in price, so if you currently have better use for your money - for example cruising the world or simply freeing up your cash, now is as good a time as any to sell. It is definitely a good time to sell if you are buying again in Spain or UK, even if initially losing money from purchasing in the boom, the shortfall should be redressed by purchasing sensibly, especially if up-sizing.
MY ADVICE FOR BUYERS and meet demand.
WHERE ARE THE BUYERS COMING FROM?
Our buyers are coming from all over Europe. French demand has increased, due to increased property/wealth taxes there, while we continue to market and sell to the prevalent Scandinavian market. The British, though, are at the top of the purchasing table, largely thanks to the strong pound encouraging some fabulous deals.
MY ADVICE FOR SELLERS
Now is a good time to sell – but don’t expect to be getting prices from days gone by. Although buyers are confident that the future is bright, they are still looking for correctly priced properties, which are currently around 35-40% less than the height of the market in 2007/08. It will take years for the market to significantly jump
It’s been the perfect time for investors and holiday-home buyers to purchase at the bottom of the market, knowing that sales have already increased by around 30% and property prices are also on the rise. It’s almost a no-brainer for anyone wanting to invest in property. Bricks and mortar have historically always been a safe longterm investment, especially with the bonus of covering running costs by summer holiday lets and winter rentals to golfers. I recommend you keep the property for personal holiday use in May and September, when the climate is perfect and the coast reverts to its normal charm. Despite a highly professional team, I like giving a ‘personal touch’ and encourage clients to use my 25 years in real estate, investment and extensive knowledge of the Costa del Sol. Contact me or my team on (0034) 951 551 444 or info@ OverseasDreams.com
And how’s market inland?
Valley views
GUADALHORCE VALLEY
THE Guadalhorce Valley’s verdant green slopes and rolling landscape offer home hunters a complete change from the Costa Del Sol’s beach life. Clusters of white pueblos splash across the area’s canopy of hills, while the nerve centre town
of Coin is a charming and popular destination. Even better, when a new bypass between Coin and Casapalma is finished this year, it will greatly improve transport links. Richard Woodland, the owner of Property Overseas Group, insists this will be an atJIM traction for prospective buyers. ENA “It will open up better access from Coin to Alora and Pizarra, and the route to Malaga will be a lot quicker,” he said. TERRACOTTA tiles, whitewashed walls and breathtaking mounWoodland, who set up the comtain views; imagine your perfect Spanish idyll, and you’re probpany nine years ago, has had ably thinking about Jimena de la Frontera. an office in Coin for a year. Nestled about 20 miles inland from Sotogrande, the town “There has been a huge is bordered by two rivers and the amazing Los Alcornocales amount of activity this year. Natural Park. And, in fact, in the last month it The area’s outstanding natural beauty, location and excellent has been the best we have ever transport connections has made it popular with expats workseen,” he said. ing in Gibraltar as Karen Banham, managing director of Anda“The area’s very scenic and lucia Country Houses, knows only too well. you can still get a good prop“In the last 12 months the real estate market has really picked erty bargain inland.” up,” she said. And one property’s unique sell“Our portfolio here has expanded from four to 150 in the Jiing point is sure to be a hit with mena area in the last two years. budding Jamie Olivers. “This is an area that has wonderful natural beauty and is close “We have a four-bedroom villa to all the main cities.” in Cartama with a restaurant The lure of the Spanish countryside has made Jimena popular included in the sale for just with artists and those looking to experience a real taste of An€289,000,” said Richard. dalucian village life. “The restaurant has a huge And the hillside town’s train station means Ronda or Anteterrace and is facing the main quera are just a short journey away. road, so has good passing trade But then again, who would want to venture too far from a place for a commercial opportunity.” like Jimena De La Frontera? Contact Richard on 952 81 47 Come and find out yourself and give give Karen a call on +34 80, info@propertyoverseas956 648 016 or email sales@andalucia-country-houses.com group.com, www.propertyoor visit www.andalucia-country-houses.com/index.php verseasgroup.com
Stunning escape
Overseas Dreams www.theolivepress.es
March 19th - April 1st 2015
REAL ESTATE / INMOBILIARIA L EA W D T NO HO UY B
COSTA DEL SOL
N AI ES RG SAL A B NK BA
G IN ITY AZ TUN M A OR P OP
D BE TE 12 STA E
Luxury Villa 50% Reduced
Best Value for Money on the Coast
Spectacular Estate Near Banus
Amazing Mijas Finca Deal
€ 590,000 TOP922 Liquidation sale. New build 1.2 million Euro Luxury Villa now reduced to only €590,000 for urgent sale. This beautiful villa is set in an incredible location with lovely panoramic sea & golf views. Large garden & swimming pool.
€ 103,000 - 155,000 TOP421 Beautiful front line golf development, luxury 2 & 3 bed apartments & Penthouses, heavily reduced by for quick sales, Luxury gated development, classy clubhouse & facilities. One of the best value deals on the Costa Del Sol.
€ 5.450,000 TOP774 Spectacular 8 bed, 8 bath, villa with separate 4 bed villa on lavish 11,000 sqm estate in quiet gated luxury area of El Madronal, set in the Benahavis hills and yet only 20 mins drive to all the hustle and bustle of Puerto Banus, Marbella.
€ 499,000 TO689 Great investment opportunity, Rare 4 bed finca on large 7,486 sqm Plot, between Mijas Beaches and popular Mijas Pueblo. Possible longterm development potential or bargain spacious country home close to everything.
SPECIAL PROMOTION
L B EA UR ID REF R FO
40% OFF OUR SELLING FEES
DY D EN S PA R T NU BA
SELL YOUR PROPERTY FOR ONLY 3% +IVA Front-Line Beach Bargain € 175,000
Stunning Pad Near Banus € 225,000
TOP921
Very rare opportunity, 3 bedroom front line beach apartment with large terrace & stunning open sea views. In need of modernising, hence the incredible price for a front line beach position. Genuine bargain & great investment.
ST E PE YP A E T CH ITS OF
Lovely 3 Bed Villa by Beach € 315,000 TOP923 This beautiful 3 bed villa is situated in the popular beachside area of “El Faro” next to La Cala de Mijas. Tranquil setting yet easy walking distance to beach, shops, bars and restaurants. Heavily reduced bargain price for quick sale.
Stunning front line golf penthouse luxuriously reformed into a trendy open plan home. This unique 1 bed property is bigger than many 3 bed apartments & offers a very stylish & luxurious home in the hills above Puerto Banus.
We need lots more properties for our buyers. If you want to sell, call now for a free valuation & full terms. We heavily market your property throughout Europe, not just Spain. Get the best marketing with one of Europe’s most proactive Real Estate Agents Overseas Dreams is an established & professional Master Real Estate Agency, covering all of the Costa del Sol. With registered offices in both Marbella & La Cala de Mijas. We offer all types of property from bargain bank clearance deals to the most prestigious Marbella mansions. ST E PE YP A E T CH ITS OF
ST E PE YP A E T CH ITS OF
G IN LL ST E S FA
TOP809
Luxury Puerto Banus Penthouse € 369,000
TOP901
Beautifully modernised 3-4 bed finca nestled in the hills on the fringes of Alhaurin El Grande. Private location only minutes drive to all town Amenities & shops. Vaulted ceilings, stunning grounds, panoramic country/mountain views.
ST E PE YP A E T CH ITS OF
TOP787 Best Puerto Banus Deals € 284,000 - 430,000
TOP875
Just released, amazing forced sale deals in Puerto Banus golf valley, Nueva Andalucia, Large brand new 2 & 3 bed high quality apartments massively reduced for quick sales, big terraces, sea views. Selling fast.
Tel: (0034) 951 551 444 Tel: (0034) 646 566 555
Genuine Beachside Bargain € 365,000
TOP870
Front-line 3 bed apartment in award winning & world class Benalmadena marina. Massively reduced for urgent sale. Lovely terrace with stunning marina & sea views. Ultimate holiday home or buy to let investment, genuine bargain.
Bargain Studio Near Beach € 69,000
TOP920
Studio apartment in popular beachside village of La Cala De Mijas. Walking distance to beach & village centre with all its popular shops, bars & restaurants. Sea views and priced low to sell urgently. bargain holiday home or buy to let.
Genuine Beachside Bargain € 229,000
TOP385
Genuine forced sale bargain, beautiful 2 bedroom first floor apartment in popular beachside development near Puerto Banus, only approx 5 minutes walk to beach, bars & restaurants. Perfect holiday home or buyto let investment.
www.OverseasDreams.com info@OverseasDreams.com
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October 1st - October 14th 2015
Rustic dream SPECIAL FOCUS
IS YOUR HOME READY FOR SOME LOVE?
ique property
Outstanding un
BENAOJÁN,
for sale in
ANDALUCIA
5 5 - rebuilt in 201 • Built circa 189 ble bedrooms • 5 ensuite dou winter lounges • Summer and n/dining area • Rustic kitche tub on terrace • Wooden hot t grounds • Lush, verdan d with fountain • Goldfish pon ol po ter wa sh • Fre antique furniture • Collection of art tion of modern • Eclectic collec tion • Price on applica
BY TRAIN GIBRALTAR
Perfectly renovated country home with stunning, wellappointed rooms comes up for sale in village near Ronda
A
HUGE DELIVERY ELECTRICALS
BEDS, RUGS & FURNITURE
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Yorkshire Linen Warehouse S.L. 11 & 15, Avenida de Andalucía Mijas Costa, 29650, Malaga
Tel: 952 197 577 Email: info@yorkshirelinen.es Visit our new website at www.yorkshirelinen.es VISIT OUR NEW FURNITURE STORE BEDS AND MORE SITUATED RIGHT NEXT DOOR tel: 952 667 095 info@bedsandmore.es
Located... mutable n station - com • Next to BenaojáSan Roque to Gibraltar via Granada, Ronda to Seville, • Train links via Madrid etc. del Santo k from Molino • 4 minutes wal g hotel & restaurant an award winnin Guadiaro Rio enclave above • Lush verdant Nieves Natural Park in Sierra de las car by 15 minutes • Ronda only minutes by car • Coast just 45
LOVINGLY restored five-bedroom house, walking distance from an award-winning hotel and restaurant and commutable from Gibraltar, has just come on the market. Casa Rio Vista is located in the village of Estacion de Benaojan, near Ronda, and is a mere three-minute walk from the station and sits in breathtaking mountain scenery. lable from: Further details avai The line is part of the famous ‘Mr Henderson’s Railway’, engineered and built by the British in the 19th century. laga las, Manilva, Má y.com 4, 29692 Sabinil esestateagenc Running from Algeciras to Bobadilla, which is often deC/ Isaac Peral 221 www.castl 891 952 4) Tel: (+3 renovation scribed as the ‘Clapham Junction’ of Andalucia, from beforehere Casa Rio Vista connections can be made to almost any city in Spain via the AVE. The British-owned house is only 400 metres from Andalucia’s third-leading hotel according to TripAdvisor, Molino del Santo, an extremely popular British-run, hotel and restaurant, which has treated locals and discerning foodies from the coast and Gibraltar for nearly three decades. When the owner discovered the ruin, which had been abandoned for decades, the roof had collapsed and the residents were basically a herd of goats. But he fell in love with its charm and location and using highly-skilled local craftsmen he has managed to reinstate the property and grounds. Reclaimed doors from a convent were hung and architectural fittings and stairs purchased from dealers throughout Andalucia. The grounds were landscaped and planted to form a verAL-ANDALUS: The interior has an Arabian feel dant enclave in the elevated position above the fast-moving Guadiaro River, which teems with fish and attracts wildlife. A popular walk - one of Andalucia’s best, according to writer Guy Hunter Watts - runs practically from the door down the river to Jimera de Libar. As well as local craftsmen the owner was keen to use local materials. The next pueblo along, Cortes, has a small ceramic studio run by a Spanish artisan and located next to alluvial strata of clay.
Beautiful
The artisan collects the clay from the river bank, crushes it and makes both ceramic and terracotta tiles to her clients’ designs and specifications. The house was slowly and lovingly restored over the course of a decade and almost became a work of art in itself, as it was reconstructed in the classic ‘estilo Andaluz’. The result is breathtaking with the five bedrooms all en-suite, a large kitchen/diner, a winter lounge with fireplace and office space on top. A beautiful summer lounge opens onto a shaded terrace and the sound of a goldfish pond’s tinkling fountain. The property is furnished with a wonderful collection of antiques and an imaginative collection of Andalucian and modern art, as well as Roman antiquities. There is very much a feel of Al-Andalus to the house, with Arabic-styled arches, as well as exposed oak and pine beams geometrically set above an amazing elliptical staircase. In an alcove within the garden is a rock pool that is fed from a mountain stream via an aqueduct. For an evening meal, apart from the Molino, there is, within the village, Asador Muelle and Bar Stop. It provides a three-course lunch for just €8. And a small gem in the village is the store that stocks all essentials. Ronda is a 10-minute drive away and, if you want the buzz and action of the coast, that’s just 45 minutes, while it is more than commutable to and from Gibraltar by train, via San Roque station. But then again, you might end up moving here falling in love with its peace and quiet and never leaving again. Price on application via estate agent Castles in Manilva www.castlesestateagency.com
EXPERIENCED ENGLISH SOLICITORS & SPANISH ABOGADOS Looking to buy a Spanish property? Contact us for your free guide to buying Spanish property safely & securely. We provide a wide range of legal services including: Conveyancing
Litigation
Inheritances
Road traffic accidents
Spanish wills that comply with EU regulation 650
Personal injury & medical negligence
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Company law
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Email: enquiries@mylawyerinspain.com Telephone: (+34) 951 203 094 from the UK 0845 508 2395 www.mylawyerinspain.com Offices: Marbella, Torrox, Murcia, Almería, Alicante & Valencia.
Property
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March 19th - April 1st 2015
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Win-win situation www.theolivepress.es
October 1st - October 14th 2015
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Spain and Gibraltar’s big winners in the World Travel Awards 2015, writes Iona Napier IF you are a hotel owner, it doesn’t get much bigger than winning the World Travel Awards. And a number of local hotels, businesses and resorts have come up trumps in the latest set of gongs. We knew businesses were on the up, but these awards are an official reminder that business is
LUXURY: El Oceano Beach Hotel, Mijas, boasts a stunning seafront infinity pool and (inset) Lopesan Costa Meloneras Resort in Las Palmas
back on track and flourishing. In fact, the entire Iberian peninsula came out smelling of roses this year, with big winners not only in Spain but a notably increased presence of Portugal in European tourism. As voted by travel agents worldwide, the 22nd annual ceremony unfolded in Sardinia, here’s whom to watch…
Continued next page
TRAVEL TROPHY: Hotels like La Caleta in Gibraltar did well
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Property
www.theolivepress.es
GLORIOUS GIB
ANDALUCIA’S HOME-GROWN WINNERS
From Previous Page
Fair play to Cadiz – Spain’s best all inclusive resort
Caleta cleans up: Gibraltar’s primary conference centre, iconic hotel AND foremost spa A HAT-TRICK of prizes left La Caleta hotel reigning victorious at the awards. Fellow nominees in the categories – O’Callaghan Eliott Hotel, the Sunborn and the Rock – were pipped to the post by the four-star hotel overlooking Catalan Bay.
GOLDEN sands and refreshing breezes, the Costa de la Luz is a dream destination and the villagelike Fairplay Golf Hotel & Spa in Cadiz has taken the all-inclusive trophy. “We have seen difficult times and it’s really great to have this boost to get back on track,” said managing director Martin Schneck.
FIRST resort – Spain’s winning spa resort THE healing waters and health benefits of the Hotel Villa Padierna Thermas Carratraca near Malaga are known as far away as Scandinavia. The queen of Norway even came here to get pregnant! “Our in-house doctor and nutritionist make it a destination for many kings of Europe and it is in a very special place,” said general manager Jorge de Almeida.
Ocean’s edge – Spain’s finest beach hotel
Fit for a king – Spain’s classiest hotel residences
MIJAS costa is the proud winner of Spain’s best beach hotel with El Oceano Beach Hotel leading the way. The privately-owned seafront hotel is within striking distance of Miraflores Golf Club and Fuengirola Bioparc zoo… something for everyone!
FOR the utmost in luxury facilties, the exclusive Kempinski Hotel Bahia Estepona (top) has led the way in hotel residences with unparalleled suites, ahead of three top Barcelona hotels and one Mallorca resort.
Villa perfecta – Spain’s most luxurious hotel villa A PRIVATE chef is most people’s idea of luxury. But what about massages at dawn, caviar for brunch, a butler, maid, private spa therapist and 24-hour nothing-is-toomuch-trouble service at Marbella Club Hotel’s Villa del Mar? The winning pad is set in 6,200m2 of beachfront bliss.
SUPER SPAIN
Spa-rry eyed : Europe’s leading hotel and spa CLINGING to a cliff in Mallorca, the luxury Jumeirah Port Soller Hotel and Spa has won the coveted prize of the best hotel/spa combination in all of Europe. The brand has been voted the Middle East’s best hotel chain several times.
Barca’s ship sails in - Europe’s top cruise port AND Europe’s best meetings & conference centre GAUDI knew it, Dali knew it, and now the world knows that Barca is worth a trip. The port has won Europe’s best cruise destination, beating Copenhagen, Amsterdam and three Turkish ports after Lisbon took the trophy last year. It’s a double win for Barcelona, also voted the best place for business conferences for the second year running.
Med capital Mediterranean’s no. 1 beach hotel THE Mediterranean boasts a huge range of beach establishments, so Alicante’s Diamante Beach Spa Hotel’s win is all the more impressive. The hotel, in Calpe, beat Cypriot, Italian and Greek equivalents.
Cha-ching! Europe’s best casino resort JUST off Morocco’s western coast, cash registers are clanging as tourists clean up in Europe’s best casino resort. Gran Canaria’s Lopesan Costa Meloneras Resort on the southern coast fought off the competition from France’s Evian Resort, St Moritz’s Kempinski and even Nice’s Palais de la Mediterranee.
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the Olive Press October 1st - October 14th
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