Olive Press Property August 2023 issue 426

roperty

OUTDOOR LIFE

How to lead that Spanish lifestyle to the full

See page 14

MOVE OVER GRANDAD

THE average international buyer of Spanish property has begun to trend downwards in age profile, according to the latest data.

While there are still plenty of Brits, Germans, French and Belgians coming in to hand over their cash, gone are the days of them being entirely high-income, near-retirement couples. The typical profile of foreign buyers used to be people between 50 and 60 years old, married with children, with a high level of education and an income of more than €60,000.

By Walter Finch

But now a report from Union de Creditos Inmobiliarios (UCI) claims that the prevailing trend among international buyers indicates the new sheriffs in town are a younger, less financially comfortable demographic. These young upstarts (between 30 and 40) have been capitalising on the freedom afforded by the digital nomad lifestyle to invest in Spanish property.

UCI's analysis shows that the Covid

pandemic unleashed the genie of the home office and flexible working, which has seen a surge in younger buyers drawn by this way of working. Thus they can fulfil the dream of spending extended periods on the Spanish coasts without waiting until they are grey and wrinkly. As the Olive Press has reported recently, buyers from the United States have also surged onto the scene, according

to UCI.

Despite the fact that interest rates on mortgages for non-residents are invariably higher compared to those offered to residents, the market continues to witness a surge in demand from international buyers. The numbers are underlined by a dramatic 45% surge in foreign property purchases in 2022, totaling 88,800 transactions.

This data from the College of Registrars paints an optimistic picture for 2023, with the first quarter already seeing 23,380 transactions by foreigners.

The maximum financing percentage hovers around 70% of the property's valuation with an amortisation period of around 30 years.

Spain's attractiveness, enviable quality of life, profitability, and its status as a stable safe haven for investments have not, it seems, been dented by the upward trajectory of interest rates.

OLD TO NEW: how unwanted buildings have been given a new lease of life See page 22

COSTLY CITIES

MALAGA and Granada have been named among Spain’s most expensive 10 cities to live in.

According to a study they rank sixth and 10th respectively.

The website Kelisto analysed a total of 17 factors, including the prices of renting and buying, utility bills, public transport, food and activities such as cinema or a night at the pub

It found the cost of living in Granada is 8% higher than the national average, while Malaga’s is slightly over 5%.

At the same time average household income in Granada and Malaga is 14% and 12% less than Spain’s average. Meanwhile, Malaga is one of the most expensive cities in Spain, with properties averaging €260,000, over 41% more than the country’s average.

And the Costa del Sol’s capital ranks sixth in the rental table, with flats averaging €1,260 a month.

The study, which analysed 50 provincial capitals, placed San Sebastian, in the Basque Country, as Spain’s most expensive city.

Lugo, in Galicia, meanwhile has the lowest cost of living.

Jaen is the least expensive city in Andalucia, ranking 37th overall, followed by Huelva (31st).

NO EFFECT Mark Stucklin www.spanishpropertyinsight.com

THE recent General Election delivered a hung parliament in Madrid that won’t have much of an impact on the property market in a country where regional governments decide housing policy. Despite a thumping victory in local and regional elections in May, right-wing parties failed to win power in the General Election. The centre-right Popular Party (PP) party won the most votes and seats in parliament, but fell far

Political stalemate doesn’t matter when it comes to the property market

short of an overall majority, even in coalition with the Vox party further to its right. Ironically, the result has left the key to Spain’s government in the hands of Carles Puigdemont, a Catalan nationalist currently residing in Waterloo, Belgium, wanted by the Spanish State for his part in Catalunya’s illegal referendum and unilateral de -

HOUSING MARKET IMPLICATIONS

claration of independence from Spain. The Gods are mischievous indeed. In the end, the results were a fair reflection of the Spanish electorate. Around two thirds voted for the centre-right and centre-left, 25% voted for the far-right or farleft, and the remaining 10% voted for nationalists of different ideological stripes in restive regions like Catalunya and the Basque country. Having burnt their bridges with the regional-nationalists who hold the key to power, the PP has no hope of forming a government. Only the Socialists under the current President Pedro Sanchez have any chance of stitching together a parliamentary majority. They might not manage it on the first attempt, so a repeat General Election after the summer is highly likely. But one way or another, Sanchez will remain as president of a left-wing coalition supported by regional parties that local pundits call a ‘Frankenstein’ government. It doesn’t look like it will be an easy ride.

In Spain, housing and planning policy is largely devolved to the autonomous regions, over which the government in Madrid has little say. The rental market is a different story. Madrid set’s the legal framework for the rental market, which it did in May with a new Spanish Housing Law that favours tenants and squatters at the expense of owners and landlords.

The government influences the way Spain is perceived abroad

As a consequence of this law, the supply of long-term rental homes on the market in cities like Barcelona and Madrid has plunged from 80% to 20% in the space of a few months. This is a disaster for local families who cannot afford to buy, and need a place to rent longterm, but doesn’t affect foreigners buying a home or holiday-home in Spain. The government in Madrid also influences the way Spain is perceived abroad as a place to invest. It is likely that the next government will be even more dependent on small extremist parties, which might not be a great look.

The political uncertainty isn’t helpful for the economy, which ultimately influences the housing market, but the economy seems to be ticking along okay for now. Otherwise it doesn’t really matter who wins the General Election if you own or plan to buy a home or holiday home in Spain. The local and regional governments matter more.

ONLY CHANCE: Pedro Sanchez may hang on as PM

SILVER MEDAL FOR RETIREMENT

SPAIN is the second best country in Europe to retire to, with only Portugal ranked higher, according to a study by internet portal Moving to Spain.

This takes into account cost of living, health care, property prices, sunshine hours, blue flags, global peace scores and the percentage of people aged 65 and above. With a staggering score of

Back to life

A CEMETERY is getting set for a new lease of life thanks to a stunning new €3 million design project.

The Begona cemetery, in Bilbao, is to become an urban garden and heritage space, after a mass grave was unearthed with thousands of victims from the Spanish Civil War.

The companies chosen to undertake the project are LOLA Landscape Architects and IWA Design Studio. Together they won a competition which challenged architects to transform the cemetery into an urban garden for the community, and is set to reopen in 2025.

They plan to utilise the existing heritage and objects found on site and relocate, reuse or rehabilitate tombstones.

A 2,200 sqm central garden and a 3700 sqm botanical garden will be added, using gravel and fragments found from the original cemetery.

The main entrance will become a ‘memorial for the victims found in the mass graves, by echoing fragments of the victims' DNA patterns’.

7.31/10 it matches Italy’s score and closely follows Portugal’s 7.83. Among the 37 countries examined, Spain is in the top half for seven out of nine factors, only falling below on the population of over 65’s and the Global peace index. In five factors, however, Spain did remarkably well and picked up a top 10 spot. The biggest attractions are by far the

beaches and appealing weather.

Spain basks in 2,555 hours of sun - over 1/4 of the year - while it has more blue flag beaches than anywhere else.

Spain also has the second highest life expectancy in Europe at a notable 83 years, trailing only behind Switzerland.

Excellent and affordable healthcare are to thank for this achievement.

BETTER THAN EXPECTED

Homesalesmaybe down-butthefigures aresurprisinglygood givenhighinterest rates,insistexperts

By Alex Trelinski

INTEREST rate rises have slowed down Spain’s real estate market this year.

There has been a near 5% drop in the number of sales in the first half of 2023.

According to official figures, 315,783 homes were sold between January and June - 4.5% fewer than in 2022.

However, experts still describe the sales figures as ‘good’ or ‘better than expected’, particularly as Spain experienced a post-covid property boom in 2021 and 2022.

The number of sales are actually in line with those seen in 2008.

“With such a big rise in the Euribor

THE works on San Pedro Alcantara’s new sports pavilion are now 70% completed and its opening is scheduled for early 2024. The complex will have a central multi-purpose court with an area of 1,700 sqm, which will be home to handball, basketball, indoor football and volleyball courts.

“The new pavilion is a major, modern and versatile project that will respond to the demands of residents and clubs,” said Estepona council spokesman Javier Garcia..

Streets of gold

THE three most expensive streets to buy a house in Spain are all on the Costa del Sol, according to real estate portal Idealista

The study reveals that luxury development Coto Zagaleta, in Benahavis, is the country’s priciest spot for purchasing your dream home.

The average house in the urbanizacion costs €10,763,937, apparently the price to enjoy the tranquility and beauty of the Serrania de Ronda with outstanding views of the Mediterranean Sea.

Ranking second, a few miles away from Zagaleta, Marbella’s Calle Mozart is also for those with fat wallets.

A property in the exclusive street has an average price of €7,940,375, making it a desired location for some of the world’s wealthiest people.

In third place, also in Marbella, Osa Menor Street is another example of housing opulence.

Buying a property in this luxurious development would cost you an average €7,175,888.

Texan adventure

of four points in a year, to be talking of sales decreases of less than 10% is much better than we predicted five months ago,” said Jose Maria Alfaro, president of the Federation of Real Estate Associations (FAI). He predicted however there will be a nearly 10% annual fall by the end of the year. “On top of that agents are getting a

Opening soon

third of the inquiries of a year ago,” he added.

“However it’s not that properties are not selling, it is just taking longer. “If last year it took 30 days to sell,

now it is taking 60 days.”

Javier Kindelan, head of the CBRE consultancy, believes the decline will be much greater, despite agreeing the first half of the year was strong.

“Sales will be cut by around 24% by the end of the year,” he predicted.

“The market has behaved better than expected so far, but we expect increased interest rates to have a greater impact in slowing sales later this year,” he added.

Their predictions are based on notary figures from the end of June that show an annual 12.9% drop in deals for the second quarter of the year. The drop has come as there has been a significant drop in mortgages being granted around the country. Many people are unable to get finance for a purchase now, while some potential buyers have decided to hold off due to the uncertain economic situation.

A SPANISH architecture firm has been chosen to redesign a prestigious American art museum.

Nieto Sobejano Arquitectos has been chosen to recreate the Dallas Museum of Art, in Texas.

The Madrid firm won the contract after beating six finalists in a global competition for the job.

“We will be reflecting the original building, transforming the relationship between art, landscape, and community into a balance of memory and innovation,” said a spokesman for the firm.

It is the firm’s first building in the US, having previously designed the Moritzburg Museum, in Germany, and the Cité du Theatre, in Paris. It will house the ‘most significant collection of contemporary art of any encyclopedic museum’.

The museum is one of the largest in the US and was established in 1903. It contains 26,000 works spanning over 5,000 years of history.

GET OUT, BUT NOT ABOUT!

By Kayleigh Beardsley

LIVING spaces, kitchens and even bathrooms can be brought out of the home to boost your mental health during the hottest time of the year.

Adding nature and fresh air can add a relaxing element to a space you

These great outdoor living spaces are sure to inspire you to open up your home

usually socialise or unwind in. Here, we take a look at five examples of outdoor living that should inspire you to open up your property.

This striking outdoor living room by the sea, near Santander, is a great example of how a dining area outdoors can be perfect for entertaining. The home of Lorenzo Castillo, a well-known decorator, it houses vintage rattan sofas and plaid cushions to keep the indoor comfort with an outdoor atmosphere.

or shower becomes effortlessly indulgent when it is placed outside. The sounds, sights and fresh air creates a perfect spot to unwind or meditate.

This outdoor bathroom in Ibiza is open to nature while keeping your privacy with high surrounding walls and fences. Immersing yourself in a bath

EXCLUSIVE PROPERTIES FOR SALE

CHARLOTTE

MARLÓ

1,050,000€

+34 646 179 316

REF:

SORIN MAILAT: +34 630 893 029 ANA

+34 672 726 220

CALL OR WHATSAPP OUR AGENTS TO BOOK A VIEWING TODAY! YOU CAN FIND MORE EXCLUSIVE PROPERTIES ON OUR WEBSITE. CONTACT US: +34 676 90 15 19 |

| STRAND.ES

BENAHAVIS | 4 BEDS | 5 BATHS | 650 M2 REF: STRAND6802 | PRICE: 2,850,000€

LUIS PALMA: +34 611 70 43 01

MALAGA | 3 BEDS | 3 BATHS | 169 M2 REF: STRANDM7558 | PRICE: 1,230,000€

FLORES: +34 631 93 25 27

MALAGA | 2 BEDS | 2 BATHS | 120 M2

|

MARBELLA | 2 BEDS | 3 BATHS | 148 M2 REF: STRAND8517 | PRICE: 300,000€

GRUNDBERG: +34 695 30 26 87

ESTEPONA | 3 BEDS | 2 BATHS | 139 M2 REF: STRANDP4501 | PRICE: 1,290,000€ NATALIA COLES: +34 653 49 11 85

MALAGA | 3 BEDS | 2 BATHS | 254 M2 REF: STRANDM4006 | PRICE:

LÓPEZ:

MARBELLA | 5 BEDS | 5 BATHS | 472 M2 REF: STRAND9638 | PRICE: 5,750,000€

MARBELLA | 2 BEDS | 2 BATHS | 157 M2

STRAND2657 | PRICE: 1,425,000€

TARAZONA:

Although not a full bedroom, this tucked away resting area of a holiday rental in the Algarve, in Portugal is another great example of using all the space you have outside to create interesting features for your home. A short siesta or even star-gazing is the ultimate activity here.

A slice of paradise in Capistrano, Nerja with sea views and all day sunshine!

Ref: CB30

Another great way to utilise outdoor space is to install a kitchen like this one on the Costa del Sol in Mijas. Prep your favourite dishes while taking in the calming atmosphere. Whether casual brunch or a grand dinner, the kitchen is designed to withstand all types of weather.

Seamlessly connected to the other parts of this Marbella house, yet still separate from others, these three different areas provide a space for all members of the household to gather and get some fresh air. With the closeness to the pool and the flowers and foliage of the garden, guests really get the sense of relaxing and enjoying the beauty of the space.

tel: (+34) 952 52 54 21 info@oasisproperties.es www.oasisproperties.es Calle Pintada 87 - 3, Nerja, Málaga, 29780, Spain

Fully reformed apartment with fantastic sea views in Capistrano, Nerja

Ref: TT12 320,000€

Wonderful 2 bedroom, 2 bathroom property. Accessed through an impressive arched gateway, 3 levels of garden terracing and covered and dining terraces with fantastic sea views. Character features including wooden beams and a fully fitted kitchen with breakfast bar. A very rare opportunity!

300,000€

Elevated property within the award winning Oasis de Capistrano with lush tropical gardens and ornamental fish ponds and various swimming pools. Newly reformed throughout, sold complete with quality furnishings, AC and fibre wifi. great property to enjoy straight away with enormous rental potential.

Sunny apartment with great views, close to the pool and gardens in Nerja

Ref: CB18

310,000€

South facing apartment with all day sunshine close to the main pool area and easy access and parking. Great terrace with built in BBQ and storage. Fully equipped kitchen, 2 bedrooms – one with en-suite toilet and family shower room. Lovely bright holiday home with fantastic rental potential.

BUYER BEWARE

Recently, I met with some clients who had purchased an offplan property some time ago for rental income. Of course, this is an attractive option for many people who buy in Spain because it is such a popular tourist destination. It’s an opportunity to put your money to work for you in a far more lucrative way than just leaving it in the bank.

However, this story isn’t as happy as it could be, and it contains an important ‘caveat emptor’ or two.

THE REALITY OF OFF-PLAN PURCHASES

These clients had purchased several kilometres from the beach and from amenities, like shopping, restaurants and so on. Their agent at the time and the developer had promised them a good, viable return on their investment. That was not how it turned out, unfortunately.

In the summertime, almost anything in southern Spain is going to rent. Millions of tourists visit the Costa del Sol during the summer season. However, tourist rentals can’t live or die by high season alone. To be truly viable all year round, you need a property that follows what I call

the ‘golden rules of short-term lettings’.

The golden rules are very simple: your property must be close to amenities and the beach. In that order. If your agent or a developer tells you that some property in the middle of nowhere will make money all year round, they’re lying. Full stop. The reason most tourists come to Spain is for the beautiful beaches and for easy access to other amenities. If your property is in a small town in the interior with one bar and the nearest golf course is 100 kilometres away, this is not attractive to a vacationer. Nor even a new build urbanisation far from shopping, restaurants, and everything else.

And because there are so many short-term rental properties on the market, targeting tourists, the competition is fierce. Where is a holidaymaker going to choose? Not the condominium you bought off plan that is a 15-minute drive to buy groceries.

UNDERSTANDING THE RENTAL MARKET DYNAMICS

But, while knowing the golden rules is a key first step to purchasing a rental property wisely, there’s more. Don’t just take your real estate agent’s word for it, or the builder. Their goal is to sell you the property, what happens afterwards doesn’t affect them and isn’t their primary concern.

Get proof of the rental viability of any property you’re seriously considering.

That means getting a feasibility study done of the property. This will calculate the realistic rental gross yield based on other properties with similar qualities nearby. If the property is a resale and was already used as rental income, request a verified income history via tax returns or bank deposits.

Buying a rental property is a significant investment, you don’t want to guess or accept someone’s opinion or sales pitch.

A feasibility study will also calculate

Is this the right house?

the potential income against taxes, commissions paid to a property manager (normally 20% + IVA) and other expenses such as maintenance and utilities. Some of your expenses are related to use, such as taxes on rental income and commissions. Others are unavoidable, regardless of income, such as maintenance, community fees and property taxes.

TAX IMPLICATIONS AND PROPERTY CHOICES

In addition, you need to know that if you aren’t a tax resident of Spain, you cannot write off household expenses against income. If you’re not an EU citizen, you just pay the flat rate of 24% on rental income. It is 19% for EU citizens, but deductions for legitimate expenses are permitted.

Finally, unlike perhaps most real estate agents in the Costa del Sol, I would personally recommend looking at resale properties, rather than new builds. I know that most people think a new build is a better

will have less maintenance, be more attractive, etc. But there’s a bigger picture to consider.

Back to the golden rule: amenities and beaches. Most available land close to amenities and beaches was sold off and built upon years and years ago. Almost all the new build properties are located further inland or outside towns, in new urbanizations that don’t have anywhere near the same convenience.

As I said above: tourists want convenience and to relax. Of course, they don’t want to stay in a dump, but the location is far more important to the rental income and resale value of your property than the year it was built.

Purchasing a rental property is a great investment. I highly recommend it. I also highly recommend that you do your homework to get the most for your money.

Ana Eulalia Millán, commercial director of Urbanisation Jardines Almenara, help us to know if we have found our dream home. Buying a new home is always an important decision, something that involves needs to take into account the likes and desires of all members of the family. So, it’s very important to answer these questions before you say YES.

Will I feel happy living here?

Most people are looking for places to move to where they can enjoy a calm lifestyle, without traffic and stress. Places with good weather – especially a warm temperature and sunny days – which give you a fantastic opportunity to enjoy an outdoor lifestyle. When you find such a location, you will have a happy life for sure.

Will my family be pleased with this house?

The key is the space; the perfect house should always have a place for every family member, included pets. The outdoor living areas are always a good point to consider – for example does it have a solarium or balconies. But best of all is a villa with a big garden.

Imagine if you could have your own swimming pool – think of all the good times your family could enjoy together.

Is it a good investment?

Owning a property is always a good investment. If the location is good – for example, a main street in a big city, or a private residential complex with 24 hour security – the increase in value of the property will outperform a similar home in a less desirable area. More so if it is well located in a good neighbourhood with good communication to local facilities and services.

Do I have all the information about the property?

Before making an investment, it’s very important you know all there is to know about it. You have to know if it is free of charges and how much community fees you have to pay each month. It’s vital to ask about the structural state of the house and know that there are no big cracks or, for example, damp problems which will be a big problem in the future. You need to discuss this with the owner or developer selling the property.

Do I really want to live here?

This is the most important thing. We have to consider if we want to live in a big noisy city or in a bustling beach place, or perhaps you feel inclined to live in the countryside. A good option could be a place just 15 minutes easy drive to the city or to the beach, near the motorway, and within easy reach of the airport, for example. If the chosen spot is surrounded by main services like supermarkets, restaurants, medical centre, school and shopping centre it could be a perfect place to live.

If you had said YES to most of the above questions… you should be extremely happy because then you have found that Jardines Almenara is YOUR DREAM HOME!

Adam Neale outlines some golden rules if you are looking to purchase a rental income property in Spain

Your dream home

Brand new villas ready to start living in now!

A stunning place to live!

600m2 fenced plots with garden. A quiet sunny place in a private residential complex with 24 hour guard watch

There are 4 different models of independent houses to choose, with 2, 3 or 4 bedrooms. The villas are modern but they are also built in keeping with that typically Spanish feel. They are very good value for money, with top quality materials and focus on a confortable living space. The build quality is great and the urbanisation is clean, tidy and very safe and secure.

The property has a perfect location, in the middle of the best coast places in Spain, close to sunny sandy beaches and golf courses and near the motorway, so it´s very easy to go to the airport.

This place is a Spanish Jewel and an opportunity not to be missed.

968816770 662618529

www.jardinesalmenara.com

comercial@jardinesalmenara.com

TAKING THE STRAIN

SPAIN’S picturesque landscapes, vibrant cities, and rich cultural heritage have long made it an appealing destination for real estate investment.

If you’ve set your sights on purchasing property in Spain, arranging a mortgage with the assistance of a broker can prove to be an invaluable asset. In this article, we’ll guide you through the process of securing a mortgage through a broker in Spain.

Why Use a Mortgage Broker?

Navigating the Spanish mortgage market can be complex, especially for those who are not familiar with the local regulations, language and banking practices, which in Spain are really quite unique. A mortgage broker is a professional who acts as an intermediary between you and potential lenders, helping you find the best mortgage deal that suits your needs and financial situation.

Brokers have access to a wide range of lenders, including banks, credit unions, and private lenders. They can help you compare different mortgage offers, negotiate

terms, and ensure you’re getting the most favorable rates and conditions available in the market.

Benefits of Using a Broker:

● Expertise: Mortgage brokers are well-versed in the Spanish mortgage market. They understand the intricacies of the local regulations, interest rates, and loan options, providing you with accurate and upto-date information.

● Access to Multiple Lenders: Instead of approaching individual lenders, brokers can present your application to multiple lenders, increasing your chances of finding the best deal.

● Saves Time and Effort: Brokers handle the paperwork, liaising with lawyers/selling agents, and negotiations on your behalf, saving you time and reducing the stress associated with the mortgage process.

● Tailored Solutions: A broker will

assess your financial situation and goals, helping you find a mortgage that aligns with your needs and preferences.

● Negotiation: Brokers are skilled negotiators, often leveraging long-standing banking relationships thereby securing better terms and rates than you might be able to obtain on your own.

Steps to Arranging a Mortgage with a Broker:

● Initial Consultation: The process typically begins with a consultation where you discuss your financial situation, property goals, and preferences with the broker. This information helps the broker understand your needs and recommend suitable mortgage options.

● Mortgage Application: After gathering your financial details, the broker will help you complete the mortgage appli-

cation, ensuring all necessary documentation is provided. This might include proof of income, credit history, and property details.

● Lender Comparison: The broker will present you with various mortgage options from different lenders. They will explain the terms, interest rates, and any associated fees, helping you make an informed decision.

● Application Submission: Once you’ve chosen a mortgage offer, the broker will submit the application to the chosen lender. They will handle all communication and negotiations with the lender throughout the process.

● Review and Approval: The lender reviews your application and may request additional documentation. The broker will work with you to provide any necessary information and address any concerns the lender may have.

● Mortgage Offer and Acceptance: Upon approval, the lender will provide a mortgage offer detailing the terms and condi-

tions. Your broker will review the offer with you, ensuring you understand all aspects before accepting.

● Completion: With the offer accepted, the broker will assist with finalising the mortgage agreement, coordinating with the notary and ensuring all legal requirements are met.

● Ongoing Support: Even after the mortgage is secured, brokers will provide ongoing support and advice for the duration of your mortgage term including help with any issues with hard-to-reach banks.

Purchasing property in Spain is an exciting endeavor, but it’s essential to navigate the mortgage process wisely.

We at the Finance Bureau can simplify the journey by offering expertise, access to lenders, negotiation skills, and personalized guidance.

With a broker’s assistance, you can confidently secure a mortgage that aligns with your financial goals and facilitates your dream of owning property in this captivating country.

Tancrede de Pola explains why you should use a broker to arrange a home loan

BENABOLA, PUERTO BANÚS Ref: OP14194 Beds: 2 | Baths: 2

Built: 128 m² including terraces | Price: € 1,600,000

Renovated apartment, frontline Puerto Banús with spectacular views over the harbour and towards the sea.

PARK SUITES, MARBELLA EAST Ref: OP14298 Beds: 4 | Baths: 4

Built: 233 m² | Terraces: 269 m² | Price: € 1,195,000

LOMAS PUEBLO, GOLDEN MILE Ref: OP08982 Beds: 4 | Baths: 3

Built: 217 m² | Terraces: 33 m² | Price: € 875,000

LAS MESAS, ESTEPONA Ref: OP14302 Beds: 2 | Baths: 2

Built: 106 m² | Terraces: 26 m² | Price: € 665,000

Tel. (+34) 952 863 750 panorama.es

MARBELLA TOWN Ref: OP14329 Beds: 2 | Baths: 2

Built: 102 m² including terraces | Price: € 450,000

Offices at Puente Romano and opposite the Marbella Club hotel

NEW LEASE OF LIFE

By Kayleigh Beardsley

WHEN buildings reach the end of their natural lives it’s time to think again about their use.

The recent transformation of the long-closed Canfranc railway station

KAOS TEMPLE

Taking a look at Spain’s top 10 repurposed buildings

in the Pyrenees to a plush luxury hotel is the perfect example.

Thanks to dozens of inspired architects many other buildings in Spain have been re-imagined with brand new purposes.

They include seeing slaughterhouses converted to art galleries, churches changed into skateboard parks. Here we examine 10 of the best…

This off-the-wall skatepark, in Llanera, in Asturias was originally the Church of Santa Barbara. Abandoned for years, skaters took an interest and plans to repurpose it finally materialised. Its gothic style has been cleverly integrated with a new contemporary style associated with skating - including colourful graffiti. Okuda San Miguel is the artist behind the revamp and used his ‘skater appropriate’ artwork to bring together spirituality and a world of colour and happiness.

CANFRANC STATION

Canfranc had been closed since 1970 after suffering from a train derailing and a fire. Now finally 50 years on it has been transformed into a plush hotel, utilising the massive space to the fullest.

Designers made sure to keep the facade of the station intact to preserve its history and structure, however, they have re-imagined the interiors completely while giving its 104 bedrooms and a handful of common areas a nostalgic feel. It welcomed its first guests in January 2023 95 years since its original opening.

The railway station has an incredible history built into it with a long list of lavish guests such as the King of Spain as well as being a hotbed for nazi espionage.

(Photos courtesy of Okuda San Miguel)

STUDIO BY MAIO

Barcelona architectural firm MAIO decided to refurbish an old laundrette and turn it into their dream studio with an exhibition gallery.

Not only is this space used by MAIO but it is also open as a co-working space.

The designers turned the 40 metre long building into separate sections with a small courtyard in the middle to aid with natural lighting in the lateral rooms.

MAYORAL DISTRIBUTION CENTRE

This amazing distribution centre for clothes company Mayoral, in Malaga, was originally a giant textile factory. Ordered to be built by Franco in

the 1960’s, it was abandoned in the 1990s. Now the building has been brought back to life as a stylish central base by System Arquitectura.

LA FABRICA

THE studio and former home of one of Spain’s most famous architects was originally a cement factory. Ricardo Bofill, who died last year, transformed the long-derelict plant outside Barcelona, after spotting it while driving to a friend’s house. Built during the 1920s, the massive complex covered nearly 10,000 m2, so Bofill had a real challenge on his hands to convert it into his family home. The end result is more than worth it.

SP ANISH ES TA TE AG EN T

VILLA, BENAHAVÍS

R3778912 – 2,395,000€

Beautiful Land of 17,051m2, with unique development potential on the edge of the village next to the town centre of Benahavis town, with many possibilities due to its ideal situation, with only one main entrance and same exit giving privacy and tranquillity. Within the 17.051 m2 plot there are two villas. Main villa is 5 bed, 3 bath.

Within walking distance from the village centre, this is an ideal quiet family holiday home with views over the Village and to the Ronda mountains. This typical Andalusian house was designed and built from local wood, Ronda tiles, old doors and local materials. It has a superb shaded barbecue dining terrace, large outdoor azure pool all set within more than 4 acres of mature gardens, lawns and woodland.

BED: 9 | BATH: 4 | BUILT SIZE: 552 M2 | TERRACE SIZE: 200 M2

GARDEN/PLOT: 17,051 M2 | PRIVATE POOL

TOWNHOUSE, BENAHAVÍS

R4336072 – 425,000€

Fantastic semi-detached four bedroom house in El Casar. This home is layed out as a massony, with split levels. The main entance is accessed through a communal walkway, that leads to the main terrace of the property, where you can enjoy a pleasent barbecue with nice views of the mountains and one of the communal pools is right in front of this home. In this level we have a fully fitted kitchen, pantry and living room with several accesses to the terrace. A few steps up the dining room enjoys a working fireplace and looks to the living room. Going up another level we find the second and third bedroom, and on the top the main bedroom, all of them with en-suite bathrooms and balconies.

BED: 4 | BATH: 4 | BUILT SIZE: 257 M2 | TERRACE SIZE: 65 M2

GARDEN: YES | PRIVATE POOL

T: +34 952 85 54 89

E: info@propertiespain.com

W: www.propertiespain.com

Urb. La Aldea Plaza Camilo José Cela, Local 1 29679 Benahavís, Málaga, Spain

Another slaughterhouse in Madrid has been turned into an office block. The walls are made of reclaimed roof tiles taken from the original roof before it was replaced. Some sections were left such as this part which was refurbished in 2009 to accommodate a stock room and a space for events.

WAREHOUSE 8B STUDIO 1700

Nordest Aquitectura has turned this 180 year old barn into a workspace in Girona.

The barn has kept its old walls intact as well as its original entrance shape, which now has a giant glass door.

Parts of the inside have been removed or modified to better accommodate its current use.

DREAM HOUSE

Lual is launching the sale of nine exclusive villas in one of the most beautiful spots on the Costa del Sol

There’s no place like home, a fact that is very well-known to Lual, who will offer you not just any house, but your dream one.

Established in 1985, it is dedicated mainly to the rental of villas, apartments and to the promotion and construction of houses. They also set up a rent-a-car department as well as a cleaning and maintenance service for the properties they rent, making Lual one of the leading companies of the eastern Costa del Sol.

After the successful launch and sale of Sea Gardens, Nerja’s exclusive residential complex, Lual is now releasing the sale of Sea Gardens II, its second phase, also located in the beautiful town of Nerja.

Superbly spotted in the desirable Chimenea area, it is just minutes away from the town centre and the stunning Burriana beach, with its many shops, cafes and restaurants.

It will comprise nine luxurious south facing villas, offering exceptional views towards

the sunrise and sunset, an ideal opportunity to enjoy an exclusive lifestyle in one of the most sought after locations on the Costa del Sol.

Sea Gardens is a small residential complex of contemporary, detached residential homes built on three levels and featuring magnificent open plan living areas, floor-toceiling windows across the front façades, private gardens & beautiful illuminated swimming pools.

All of the properties offer three en-suite bedrooms with a layout specifically designed to allow you a certain amount of freedom to alter the interior design, so you can create the house of your dreams.

Don’t waste a second and visit Lual’s office at C. el Barrio, 48, bajo 2, 29780 Nerja, Málaga to have a chat about the home you have always wanted.

(Photos courtesy of Filippo Poli, ArchDaily)

MATADERO MADRID

Although it may have an uncomfortable heritage, the Matadero art centre in Madrid is a great example of a building repurposed.

The former abattoir, which once corralled thousands of animals en route to slaughter is now an incredible art space. In 2006 Madrid City Council decided to turn it into a hub for art which attracts tens of thousands of people every year today.

BURGOS RAILWAY STATION

Canfranc is not the only railway station to be converted into something new.

The old station in the city of Burgos has been turned into a leisure space

CASAL BALAGUER CULTURAL CENTRE

Architecture firms Flores & Prats and Duch-Piza came together to renovate this old baroque home and turn it into a new cultural centre for Palma, in Mallorca.

for children, while work continues on the project to transform the area. As well as keeping its original architecture it has many of its internal features.

Much of the original building was kept while space has been created for new facilities, including the exhibition spaces, a restaurant, a library and a museum.

It was always a ‘priority was to not lose the domestic character of the building’.

NERJA’S QUINTESSENTIAL NEW EXCLUSIVE DEVELOPMENT

Sea Gardens is a small residential complex of contemporary, detached residential homes built on three levels and featuring magnificent open plan living areas, floor-to-ceiling windows across the front façades offering fantastic views, private gardens and beautiful illuminated swimming pools. Their modern and attractive design, together with a south facing aspect, offer a uniqueness and elegance in one of the most desired areas of Nerja.

(Photo courtesy of Flores & Prats + Duch-Pizá)

(Photo courtesy of Contell-Martínez Arquitectos)

Find the right home

Strand Properties have the networks and the knowledge to help

STRAND PROPERTIES, the Spanish real estate company founded by Finns Serena and Anssi Kiviranta, are going from strength to strength.

Not only do they have offices in Marbella, Fuengirola, Malaga and Mallorca, offering an in-depth and personal service based on local knowledge, but they are part of the Leading Real Estate Companies of the World ® network. The network includes 550 companies located in 70 countries, with an estimated 136,000 real estate agents working under them.

Sirena and Anssi Kiviranta were two of the founding partners of a very successful Finnish real estate concept, Bo LKV. They participated in growing the business from scratch to a company of 200 employees and €23M turnover in less than five years.

A capital investment company acquired the majority of Bo LKV in the autumn of 2019. In mutual understanding, the Kiviranta couple had the chance to start a real estate agency

The Strand Properties chain has grown to become one of the most recognised real estate brands among agents, cus

It is a luxury real estate agency that offers services to both sellers and buyers, but its listings include properties to suit all Strand Properties can help customers find the right home by carefully charting the customers’ wishes and using a lear For the sellers, the brokerage concept focusing on quality offers the fastest selling times and the best possible selling price. The experienced team at Strand speaks more than 20 diffe rent languages between them and guarantee a personali

The Strand Properties concept also includes the import and sales of carefully selected Scandinavian products in Spain, with brands such as Timberwise, BEdesign, Drop Design Pool, Tablebed, Framery and Woodio. Strand Properties also represent e.g. Ballingslöv kitchens, Massproductions, Fogia, Garden Glory, Kasthall, and Carl Hansen & Son furniture

FIRST CLASS

9 out of 10 customers would recommend us

IN a recent survey of our customers after using Línea Directa’s Roadside Assistance and breakdown services, over 90% said they would happily recommend our insurance services to a friend or colleague.

Línea Directa would like to thank everyone who has taken the time to answer the questions in our survey as it has given us valuable feedback on our services and enabled us to integrate positive changes and continue to provide expert solutions for overseas residents in Spain.

ABSOLUTELY EVERYTHING IS IN ENGLISH

Car, bike and home insurance, with absolutely everything in English. The emergency and claims hotline is fast and efficient, with quick no obligation quotes over the phone.

The customer service team will help you decide on the best policy and there are easy payment options so you can spread the cost of your premiums.

DID YOU KNOW?

All Línea Directa insurance policies offer additional features specifically designed for expatriates living in Spain.

Their home insurance includes Pet Assistance, IT Assistance, and Home Maintenance.

All motorbike policies come with Replacement Motorbike, Technical Equipment cover and even Young Person’s Night-time

NO COMPUTE

Why AI is a useful tool but can not replace the human touch

ARTIFICIAL intelligence (AI) is a powerful tool that can improve efficiency, accuracy and convenience in many aspects of the property industry.

But it cannot replace the human contact, local knowledge and personal relationship that a professional real estate agent can offer their clients.

This is a controversial opinion in today's climate with more and more people fea-

2. AI cannot replace local knowledge and expertise. The Spanish property market is diverse and complex, with different regions, cities and neighbourhoods having their own characteristics, trends and rules.

A professional real estate agent has the experience and insight to navigate this market, provide accurate valuations, negotiate effectively and advise their clients on the best opportunities. AI, on the other hand, can only rely on general data and statistics, and cannot take into account the particularities and dynamics of each local market.

3. AI cannot build trust and relationships. Buying or selling a property is a major life event that requires trust and confidence between the parties involved. A professional real estate agent can establish a relationship with their clients, communicate clearly and openly, address their concerns and questions, and guide them through the process with honesty and integrity. ty.

AI can be a valuable ally for real estate professionals looking to improve their services, optimise their business and gain a competitive advantage. Here are

some examples of how:

1. AI can automate boring and repetitive tasks. Real estate professionals can use AI to streamline their workflows, save time and reduce errors. For example, AI can help with document analysis, lead generation, chatbots and marketing campaigns.

2. AI can provide useful insights and recommendations. Real estate professionals can use AI to improve their decision-making, increase their performance and satisfy their clients. For example, AI can help with market analysis, price forecasting, property matching and risk assessment.

3. AI can improve the customer experience. Real estate professionals can use AI to offer their clients more convenience, flexibility and personalisation. For example, AI can help with virtual tours, smart contracts, voice assistants and feedback systems.

In conclusion, AI will not replace the professional estate agent, but will help weed out unprofessional agents who do not adapt to the needs and expectations of their clients.

Real estate professionals who see AI as a partner rather than a competitor will be able to capitalise on its benefits and deliver superior value to their clients. Real estate professionals who invest in new technologies will always be one step ahead of their competitors and offer their clients better service!

YOUR PRIVATE RETREAT

Escaping the summer madness in Spain

Assistance.

And their car insurance includes helpful services such as Legal Assistance that can provide help when applying for or renewing your driving license in Spain.

EXPAT2EXPAT REWARD PROGRAMME

When an existing Línea Directa customer recommends a new customer, they both receive 30€.

Línea Directa’s Expat2Expat programme is free and open to all existing customers. You can recommend up to 10 people and earn up to 300€ in cash per year.

Simply ask your friend to call 917 002 006 and quote your full name. Then once their application for car, bike or home insurance has been approved, Línea Directa will pay the reward straight into the bank account following payment of next or first premium.

For more information, see terms and conditions at www.lineadirecta.com

LOWER THE PRICE OF YOUR INSURANCE

Change to Línea Directa and they will lover the price of your insurance.

Línea Directa has been providing comprehensive car, motorbike and home insurance to British expatriates and residents in Spain for over 25 years.

With over 3 million customers nationwide, Línea Directa makes sure you get the best possible price for the kind of insurance you really need.

As the scorching sun beats down during the summer months, the desire for a serene sanctuary becomes paramount. While Spain undoubtedly boasts to be a sought-after summer destination, the allure of a Mediterranean getaway can be experienced right from the comfort of your own home. Discover the transformative power of a Cape Reed thatched roof—a gateway to your private escape, shielding you from the summer madness.

The Enchanting Thatched Gazebo Retreat Enhance your outdoor space with the addition of a Cape Reed thatched gazebo. This charming structure infuses rustic elegance into your surroundings. Offering both shade and comfort, it establishes a serene enclave—perfect for reading, unwinding, or sharing moments with loved ones, shielded from the sun's intensity.

Embracing the Bohemian Mediterranean Vibes

Immerse your retreat in the laid-back am-

biance of a Mediterranean boho theme. The eclectic fusion of vibrant hues, intricate patterns, and plush seating creates an atmosphere of carefree relaxation.

Crafting a Culinary Haven: The Outdoor Kitchen Oasis

An outdoor kitchen introduces the joy of cooking beneath the open sky. This enchanting setting allows you to relish the flavours of summer while evading the stifling indoor heat. Embrace the joy of al fresco dining, surrounded by nature's beauty.

Poolside Bliss: Your Personal Aquatic Refuge

A thatched poolside retreat stands as an essential element of your summer sanctuary. Plunge into the revitalizing waters, recline on opulent poolside furnishings, and bathe in the sun's warm embrace.

Discover the serenity, relaxation and entertainment options that a Cape Reed thatched structure adds to your outdoor living. Your very own oasis beckons—a place where tranquillity meets recreation.

Contact John today on 638 421 464 or email john@capereed.com

DUPLEX PENTHOUSE CASARES

3 Bed | 3 Bath | 200m2 Build ref. LVN-724

Beautiful penthouse is located in the luxurious urbanisation in front of La Perla de la Bahía beach, with spectacular views, its design was inspired by Moorish architecture, and built with high quality finishes and very spacious elegant rooms.

SEMI-DETACHED HOUSE MANILVA, MALAGA

1 Bed | 2 Bath | 96m2 Build ref. GG-77

Located just 50M from the beach, in a quiet area near the supermarkets and amenities of the area, public transport, restaurants, as well as direct access to the A7, just 15 minutes from Gibraltar.

APARTMENT ESTEPONA, MALAGA

3 Bed | 3 Bath | 132m2 Build ref. YR-0109

Located in the coveted Riviera Andaluz urbanization, next to the H10 hotel. The apartment comes with a south-facing terrace of 70m2, a swimming pool and a well-kept garden. The garden gives you direct access to the beach.

APARTMENT, PLAYA DEL ANGEL, ESTEPONA

2 Bed | 2 Bath | 100m2 Build ref. MS-105

Fully furnished apt with sea views, spacious living room, fully equipped kitchen with numerous cabinets. It has air conditioning/heating, a parking space and a storage room included. Excellent condition, never rented and was purchased directly from the builder.

APARTMENT MANILVA, MALAGA

2 Bed | 1 Bath | 60m2 Build ref. LVN-719

Beachfront apartment with fitted wardrobes, double glazing, kitchendining room, air con, terrace, security doors, storage room, green areas, parking and communal pool. 200 meters from the beach, recently renovated and is sold furnished.

APARTMENT, ALCAZABA LAGOON PHASE III, CASARES

2 Bed | 2 Bath | 160m2 Build ref. LVN-053

Beautiful groundfloor apartment with private garden and sea view. Alcazaba Lagoon is a beautiful luxury holiday resort located on the Estepona/Casares border in Costa del Sol. Estepona can be reached in only 10 minutes driving!

LUXURY APARTMENT, CASARES

2 Bed | 2 Bath | 253m2 Build ref. LVN-2707

Apartment in “Majestic Gardens 2” urbanisation. South facing, 750m from the beach. Minutes by car from supermarkets and the nearest town. A 5-min walk from the golf club, gym and restaurants. Safe urbanisation with beautiful gardens and 1 communal pool.

LUXURY

APARTMENT, THE EDGE, ESTEPONA

3 Bed | 3 Bath | 139m2 Build ref. YR-00085B

A spacious living room perfectly connected to a fully equipped kitchen and a balcony that offers sea views. It comes fully furnished, has two parking spaces and a storage room. Two large pools, sauna and jacuzzi, gym and paddle courts.

No one in the world sells more properties than REMAX

BOTANIK

6 Luxury Townhouses

4 Bedrooms

Private garden & Pool

Roof terrace Garage

Walking distance to the beach

Panoramic sea views

Register for waiting list.

INFO & SALES: