Property
OCTOBER
Discover the ultra-modern home hiding behind an
Discover a selection of the shortlisted designs for the prestigious Dezeen Architecture awards, while (below) the rural escapes that are high on style
PRICES SOARING
THE Spanish government has been slammed as housing prices continue to skyrocket across the country, with the national average rising by 8.7% over the past year.
A report by property portal Idealista reveals the average price now stands at €2,182 per square metre, though the increases have been particularly steep in certain regions and cities.
The rapid rise in house prices has sparked concern that government policies are failing to address the critical issue of affordable housing.
Francisco Iñareta, spokesperson for
By Walter Finch
Idealista, attributed the surge to a combination of factors, including inadequate land development, bureaucratic obstacles, labour shortages, and unchecked population growth in high-demand areas.
“Used housing is unable to meet growing demand, and in the face of a shortage of supply, prices are rising sharply,” Iñareta said, calling for immediate government intervention to accelerate new housing construction.
The crisis has been most pronounced in Spain’s provincial capitals, with Madrid and Barcelona experiencing price jumps of 17.8% and 16.7% respectively. In San Sebastian, the country’s most expensive city, housing prices have soared to €5,570 per square metre, underscoring the widening gap between Spain’s major urban centres and more affordable areas like Zamora, where prices remain at €1,175 per square metre. Malaga has emerged as the priciest provincial capital in Andalucia, with an average of €3,095 per square metre, marking a 17.9% increase over the past
year. Andalucia’s Jaen province remains one of the most affordable regions, with prices as low as €838 per square metre. Elsewhere, Valencia saw a 17.6% rise followed by Santander (16.7%). Next in line are Alicante (15.9%), Granada (15%) and Soria (13.5%).
Prices have also risen in Palma (10.2%), Barcelona (9.8%), Sevilla (7.8%), Bilbao (6.1%) and San Sebastian (4%).
The rising cost of housing is putting significant pressure on buyers across the country, with many now spending over 30% of their income on mortgage payments. The lack of affordable new-
Lackof newhousing developmentsblamed fordrivinguphouse pricesinSpainby 8.7%inayear
build properties has created a ‘perfect storm’, according to Idealista, leading to a national housing crunch that is showing no signs of easing.
Idealista’s report calls for urgent policy reforms, including measures to streamline the construction process and incentivize large-scale developments in high-demand areas. Without swift action, housing prices in Spain’s most dynamic cities and regions are expected to continue climbing, further exacerbating the housing affordability crisis.
Millionaires’ haven
Whilst economic migrants and ‘climate refugees’ head for the English coast in small boats and dinghies, a growing number of Non-doms and wealthy Brits will be weighing anchor in the UK and heading for Spain in rather more luxurious vessels. The Costa del Sol and Marbella will be a top destination, which will push up demand and house prices that are already floating away.
Back in July, shortly after Sir Keir Starmer’s Labour party won the General Election, I predicted that the British (and French) election results would boost demand for property in Spain. “When higher taxes in the UK start to bite, an increasing number of wealthy people will vote with their feet,” I wrote back then, arguing that many will head for Spain seeing as France was almost in the grip of a Jacobin regime (that outcome has been
Tax refugees from the UK will boost the Costa del Sol housing market
avoided thanks to Brexit’s old friend Mr. Barnier, for now).
In the run up to UK budget day the British press has been full of stories about an exodus of millionaires heading for more friendly climes. A Migration Report by Henley Private Wealth Management says that the UK will lose 9,500 millionaires this year, twice the level of last year, and according to an analysis by the Adam Smith Institute, cited in the Telegraph, the share of the UK population who are millionaires is set to fall by 20 per cent over the course of the current Parliament, even as the share in Italy, France and Germany rises. The Guardian has celebrated this exodus of wealth in an article titled ‘Britain’s millionaires are fleeing. Good night and good luck, I say’.
Some billionaires will head for Switzerland and Monaco, whilst others, along with many of the ‘only’ millionaires, might head for Spain, which offers an appealing lifestyle and tax regimes like the ‘Beckham Rule’ that allows expatriates to be taxed as non-residents for their first six years in Spain, whilst exempting foreign income from Spanish taxation (Hello Non-doms!). Spain could be the perfect place to sit out the Labour government.
London-boy Charlie Mullins, founder of Pimlico Plumbers, is one example of a multi-millionaire who has already fled to Marbella from the UK because of Labour, telling the Sunday Times “I am taking all of my money and investments out of the UK. The government is driving people with money away from the country. Why would people stay in the UK?” He won’t be the only HNWI fleeing the UK to avoid higher taxes like income tax, capital gains tax, inheritance tax, and maybe even a wealth tax. Some on the Labour side are already arguing for an ‘Exit’ tax to smack them on the back of the head as they leave.
The Costa del Sol, and the Marbella area in particular, will get the lion’s share of attention from British tax refugees heading for Spain. If they look for a place to buy they will find a hot market where home sales in the first half of the year (H1) were the second-highest in a decade, below
LONDON’S NOT CALLING: Millionaire Charlie Mullins and fiancee Raquel are leaving the UK due to higher taxation plans
only the boom year of 2022 (which was turbo-charged by pent-up demand from lockdowns). And what about house prices? To take Marbella, asking prices are up 12% this year (Source: Idealista), and 66% in five years.. A wave of British millionaires heading for the Costa del Sol could set the high-end of the market on the fire.
Holiday lets veto
SPAIN’S Supreme Court has ruled a community of homeowners can ban tourist rentals. They just need 60% of the owners to back such a measure.
The new ruling comes after studying numerous cases around the country, including one in Marbella dating back to 2019.
Short-term pain
THERE are a third fewer apartments available for long-term rent in Spain since 2019.
Hard-pressed tenants instead are being faced with short-term and ‘seasonal’ accommodation, which have tripled in the same period, now accounting for 14% of the rental market across the country.
Malaga is one of the few ‘distressed’ cities where the housing market is facing serious problems to actually buck the trend, according to a study by Idealista. Here, long-term rentals are actually up by nearly a quarter (23%) in a year, along with fellow long-suffering Canarian duo of Las Palmas de Gran Canaria (22%) and Santa Cruz de Tenerife (13%). Despite seeing these rises, Malaga has not escaped the trend in short-term accommodation, with the number of these apartments almost quintupling (466%).
And the numbers are similar across the board for almost every Spanish city of note – Alicante (309%), Seville (279%), Valencia (276%), Barcelona (244%), Bilbao (217%), and Palma (208%). And in Madrid (159%) and San Sebastián (136%), the numbers more than doubled.
The community president had demanded a change in the law as 'noise, destruction, theft, stains and smells of marijuana and urine' were affecting residents. A case had been launched by two companies that owned six tourist apartments in the block.
The Supreme Court backed the other residents however, ruling that communities of owners have the right to prohibit the presence of tourist flats by law.
November 29thDecember 12th 2023
THE European Union has appointed Danish politician Dan Jorgensen as ‘housing tsar’ tasked with tackling the continent’s property crisis.
Part of his task will be to attract investment in new housing and slashing the costs of construction. Jorgensen will be working to develop a comprehensive European Affordable Housing Plan, which could provide much-needed support for Spain and other member states.
Shortage
He will also be expected to address the shortage of housing close to workplaces, and optimise the use of existing housing stock.
European Commission President Ursula von der Leyen highlighted the gravity of the situation.
“Millions of young people and families are struggling to find affordable housing across Europe,” she told Jorgensen in a mission statement.
“We must address this crisis by helping member states tackle structural issues and unlock both public and private investment.”
A QUIET revolution is underway as the Spanish turn their gaze inland towards the countryside.
Some 63% of Spaniards are actively considering a new life in rural areas, according to a report by Fotocasa Research. The trend is being driven by skyrocketing prices in cities and coastal resorts.
The study, Análisis de la España Vaciada, reveals a growing trend, particularly among 18 to 44-year-olds, towards a life away from Spain’s congested urban areas.
Technological advances, remote working, and a shift in lifestyle priorities are
COUNTRY-BOUND
all contributing to what many are calling a renaissance of Spain’s rural heartlands. Yet, despite this newfound enthusiasm, the country remains well behind the European curve in terms of rural population.
Just 13% of Spain’s population resides in rural areas, placing it near the bottom in Europe, which has an average of 26%..
Only Malta, with 3%, and the Netherlands, at 11%, come lower.
Spain’s rural areas are increasingly becoming a beacon of hope for those seek-
Hugenumberof
ing not just affordability, but a different pace of life.
“For many citizens, rural areas offer not only cheaper housing, but also a chance to reconnect with nature and enjoy a quieter, more meaningful way of life,” concluded the report.
A significant 51% expressed a ‘strong desire’ to make the shift to the country, an increase from 47% last year.
GIVE OUR MONEY BACK!
their bank.
By Walter Finch
TENS of thousands of homebuyers in Spain are taking advantage of new EU lender rules.
The Spanish banking regulator has received over 40,000 requests in the first half of 2024 alone following the ruling. It could see millions of mortgage holders recoup millions in unfair fees.
Notary fees
The expenses - which include notary fees, agency fees, appraisal costs, taxes, and land registry fees - are often as much as 3% of the total mortgage costs.
Now, the European High Court has ruled the costs should be shared, with homeowners expected to recoup an average of €1,500 each from
Luxury living
SLS Hotels & Residences is expanding its luxury offerings in Spain with two major projects.
It is due to open a high-end hotel in Barcelona in December, followed by a branded residences project in Madrid in 2025.
The Barcelona hotel is located in Port Forum, Sant Adrià de Besòs, a site initially planned for a Hard Rock hotel.
Some €200 million is being spent on
claimants demand a refund of mortgagefeesasclaims floodtheBankof Spain
Regulator, the Bank of Spain, announced that many banks are voluntarily returning these fees to customers without the need for legal action. However, an alarming 61% of claims are being rejected due to incomplete information, customer service rejections and fraud. Anyone who took out a mortgage before June 2019 and paid all the associated expenses is entitled to make a claim.
Around 15 million mortgages were taken out in Spain between 2003 and 2018.
the development, which will feature 471 rooms, including 70 suites with ocean views.
The hotel will also offer a range of luxury amenities such as bars, restaurants, three pools, meeting rooms, a spa, and a fitness centre.
In Madrid, SLS will introduce the SLS Madrid Infantas Residences, its first branded residences in Spain.
An historic 1920s building (below) will be transformed into 33 exclusive homes, offering one to three bedrooms, penthouses with terraces, and hotel-style services.
Homeowners can still claim even if they’ve paid off their mortgage in full. To claim, you’ll need your mortgage deed and related invoices. If you don’t have them, you can request copies from your bank or agency.
The
Key Points:
● Claims are valid for mortgages signed before June 2019
● The EU ruling extends the deadline for filing claims
● Expect to recover between €1,500 and €3,000, depending on your mortgage
● You can still claim even if you’ve paid off or sold the property.
MINI-MOGULS
SOME 91% of real estate crowdfunding investors are men. Walliance, a crowdfunding platform operating in Spain, Italy, and France, examined over 170 projects, following the company’s acquisition of the French platform Lymo Finance.
The report reveals that the average investor is 44 years old, with participants from 74 countries, primarily Italy and France. Walliance noted that new construction projects have seen the highest demand on the platform.
Most investors are small savers with limited real estate knowledge but eager to grow their assets. They club together with other small investors via a website to buy a stake in the real estate project.
The platform’s average investment in 2024 was €3,902, with 57.87% of funds directed toward new developments.
‘Thank you Olive Press for trying to find Orville!’
PROPERTY queen Jasmine Harman has personally thanked the Olive Press after we launched an appeal to track down her daughter’s lost teddy Orville.
The A Place In The Sun star, 48, said: “I wanted to thank you so much for sharing our search for ‘Orville’, my daughter’s soft toy. We haven’t found him yet, but we are still hopeful… thank you!”
The toy was misplaced while Jasmine and her family were shopping around the Parque Comercial Miramar in Las Lagunas, Mijas area on October 5. Her daughter Joy has had the stuffed green teddy since she was a baby and it is of great sentimental value.
HaveyouseenJoy’steddyOrville?Contacttips@theolivepress.es
It’s a steal!
A COSTA Blanca resort, best known for its gangster expat John Gilligan, is the cheapest place to buy on the Spanish costas. Torrevieja is excellent value with homes going for around €1,700/ m2.
It means you can snare a two-bedroom apartment near the beach for just €65,000. There are even homes for as little as €34,600, although they require extensive work.
A two bedroom home on the Costa del Sol would be difficult to find for less than €200,000 in comparison, while in Marbella you would need at least €275,000.
Coastline
Bustling Torrevieja is just south of Alicante city, which costs an average of €2,298/m2, while Benidorm comes in at €2,868/m2. Fancy the north Costa Blanca you will need to shell out €2,864/m2 in Denia while Moraira, an expat hotspot, remains one of the most expensive at €3,956/m2. Torrevieja, though, has everything, including 14 kms of coastline and a warm climate with an annual average temperature of 18C.
It has around 89,920 inhabitants and is packed with British expats, alongside 121 other nationalities. Irish gangster Gilligan received a suspended sentence for drug dealing at Torrevieja Criminal Court last year.
He was accused of smuggling cannabis and sleeping pills into Ireland as well as owning a gun found in his back garden. While he faced eight years in prison, he instead got handed a 22-month suspended sentence and a €14,000 fine.
When asked by the judge if he accepted the deal, Gilligan replied: “Yes, I am guilty.”
Harman family Orville
REGULATOR:
Bank of Spain estimates €1,500 per purchase returned
Idylls, page
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OLD MEETS NEW
architects are creating ultra modern homes out of traditional houses www.mediterraneanhomes.eu
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A historic 20th-century building has been transformed into a contemporary home that fuses traditional architecture with a complementary minimalist home known as The Empty House. Designed by Fran Silvestre Arquitectos, the four-bedroom dwelling was created to offer a blank canvas for its owners, contrasting starkly with the traditional facade of the existing structure.
“From the outside, the facade maintains its character without modifying the street, becoming a kind of scenery from another era,” explained Fran Silvestre, the studio’s founder. Inside, however, the home is a stripped-back oasis of clean lines and natural light. The ground floor of the home near Valencia features a spacious living, dining, and kitchen area overlooking a covered terrace and swimming pool. To the east, a smaller wing houses a guest bedroom and workshop. Upstairs, two en-suite bedrooms and a skylit multipurpose room offer additional living space.
The interior design emphasises minimalism, with plain walls, ceilings, and floors. Natural light floods the home, creating a sense of openness and tranquillity. The use of limestone flooring and wooden carpentry complements the minimalist aesthetic, while embedded lighting minimises visual clutter. Silvestre explained that the choice of materials was influenced by both the property’s history and the desire to create a harmonious connection with the city. “For example, a limestone pavement was chosen, with a tone similar to that of the facade of the existing building,” he said. “The memory of the original construction is still valid and present in today's spaces.”
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TIME TO GO LEGIT
HAVE previously written about the lack of regulation and professionalisation in the real estate brokerage sector.
Outside of Catalunya and Valencia, Spain is basically a Wild West free-forall. Anyone with a mobile phone and an email address can call themselves a real estate agent.
By contrast, in Catalunya and Valencia, estate agents are required to have training and carry liability insurance, amongst other requirements, including mandatory registration.
There had been talk at the national level of implementing national standards, during the process of drafting the 2023 housing law. However, those discussions went nowhere, and all regulatory standards were suddenly taken off the table. Nothing has changed since then.
As I noted at the time, this was very problematic. I wrote then:
“As Gomez [head of the Federation of Associations of Real Estate Companies (Fedei)] noted in the interview, the industry must be professionalised as it now represents 12% of GDP, or €42,000 million. There are between 25,000-30,000 real estate agencies employing probably 90,000 salespeople.
“It cannot be that anyone who arrives without knowledge or experience in the sector can begin to sell houses…”
Interestingly, the real estate industry in Dubai, which is much less mature in terms of years of development,
Real estate regulations in Dubai are a model for Spain
including its openness to foreign investors, has developed a much more rigorous and transparent real estate framework.
Operating under the Dubai Land Development agency, the Real Estate Regulatory Agency (RERA), provides several clear criteria for the responsibilities and rights of real estate agents and brokerages. These are published by the agency as a Real Estate Brokerage Practice Guide, that is downloadable as a PDF.
The details are also available on a number of real estate websites within Dubai. Dubai has a very strong real estate sector that has been growing over several years and is projected to continue into the future.
property transactions and a 14.57% price rise in the first half of 2024 compared to the previous year.
There are many similarities with the Costa del Sol market that we can recognise – year round sunny weather, good infrastructure overall, and competitively priced real estate even after years of price growth.
In addition, to their credit, they have developed the regulatory system mentioned above. This extends to development and construction more generally, as well as landlord-tenant law, but also to real estate brokerage regulation.
Dubai is welcoming over 8,000 new residents each month
“Dubai is welcoming over 8,000 new residents each month, and in most projects, demand exceeds supply, leading to quick sales of correctly priced ready properties, often within four weeks of hitting the market,”
Provident Estate noted.
Engel & Völkers Middle East reported a 13.2% annual increase in ready
As with Catalunya and Valencia, agents must be trained and certified in Dubai. They must also be registered with the RERA. Failure to maintain qualifications through regular training or in the case of falling standards, sabbaticals from economic activity, or breaking the law, will all lead to suspensions, fines or blacklisting.
To prevent a booming market being a magnet for shady types seeking to take advantage of naive foreign investors, they have also implemented
other important regulations. There is, for instance, a ‘three broker rule’ and mandatory, written representation contracts. The three broker rule stipulates that a seller can’t list with more than three brokerages. Representation contracts insist that no agent or brokerage can act as agent to a seller without their express written consent. Only agents with a written contract get paid by the law. This eliminates the practice often seen on Spanish websites like idealista.com of a dozen or more agencies posting photos and ads for the same property – often without the knowledge of the seller.
These representation contracts must also be logged with the RERA so that they can be tracked. This is used to prevent a practice we’ve previously written about, where agencies keep properties posted that are either sold already or were never represented by them in the first place – a kind of bait-
and-switch.
by Adam Neale
To ensure that ads are legitimate and still valid, they are monitored. Failure to remove out of date ads will lead to a fine of over €12K in the local currency.
Not surprisingly, the Dubai real estate sector welcomes these regulations. It hurts everyone’s credibility and the overall business climate when there are sharks and fly-by-night operators. In addition to the above best practices, I would add that real estate agencies also ought to be obligated to maintain a certain amount of money in escrow. And, as in Catalunya and Valencia, agencies should be obliged to carry at least €600,000 in liability insurance. They should also be required to maintain a physical office.
BALLOONING: GROWTH: Rural hotel Cosmoveros
Rural idyls
Explore the architecture of some of Spain’s countryside destinations
RBy Dilip Kuner
URAL tourism in Spain is experiencing an unprecedented boom, driven not only by the desire to reconnect with nature but also by a deep appreciation for the country’s rich architectural heritage.
Recent data from 2023 highlights this surge, with 45% of Spaniards engaging in rural tourism, and 92% of them planning to return to rural destinations. With over 18,000 rural properties listed and 15 million travellers seeking authentic experiences, the appeal of Spain’s diverse rural architecture is more prominent than ever. The architectural landscape of Spain’s rural properties offers a remarkable variety, from modern, eco-friendly designs to traditional homes that blend seamlessly with their natural surroundings.
Here are seven rural properties that embody the diversity of Spain's rural architectural heritage:
The Teepee
Cosmoveros
Just outside Madrid, Cosmoveros offers a futuristic take on rural lodging with its bubble hotel design. Located in Muñoveros, guests can stargaze under the clear Segovian sky while staying in these transparent, spherical structures. The modern design blends cutting-edge architecture with the rich cultural heritage of Spain’s interior.
Nestled in the pine forests of Mombeltran, Avila, the Teepee offers a rustic yet innovative take on traditional American teepees. These symmetrical wooden structures, set against a dramatic mountainous backdrop, provide a harmonious connection to the natural landscape while offering a unique, peaceful retreat by the Ramacastañas River.
Situated on the Verdeaurora ecological farm in the Fuerteventura Biosphere Reserve, Casa Aurora is a testament to Canarian architecture.
This rural home, surrounded by the island’s stark landscapes, is designed to adapt to the agricultural and livestock-based way of life. Its simple, functional design integrates with the protected natural space of Malpaís Grande, embodying Fuerteventura’s rural traditions.
NATURAL ESCAPE: In wild woods near Avila
EXCLUSIVE APARTMENT, MARINA PUENTE ROMANO Ref: OP14234
Built: 151 m² | Terraces: 47 m² | Beds: 3 | Price: € 4,895,000
DUPLEX PENTHOUSE, LOMAS DEL REY Ref: OP15125
Built: 163 m² | Terraces: 113 m² | Beds: 3 | Price: € 2,700,000
CHARMING TOWNHOUSE, LOMAS PUEBLO Ref: OP15109
Built: 96 m² | Terraces: 48 m² | Beds: 2 | Price: € 850,000
CONTEMPORARY VILLA, EL MADROÑAL Ref: OP15141
Built: 523 m² | Plot: 1,865 m² | Beds: 8 | Price: € 4,750,000
MODERN HOUSE, FRONLINE GOLF, ALOHA Ref: OP14879
Built: 253 m² | Plot: 952 m² | Beds: 3 | Price: € 2,195,000
APARTMENT, LOMAS DEL MARBELLA CLUB Ref: OP15200
Built: 83 m² | Terraces: 18 m² | Beds: 3 | Price: € 550,000
Tel. (+34) 952 863 750 panorama.es
Offices at Puente Romano and opposite the Marbella Club hotel
La Casa del Desierto
In the heart of the Gorafe desert, La Casa del Desierto is a striking example of modern architecture harmonising with extreme natural conditions.
Built within the Granada geopark, a region of international geological significance, this glass-walled home is designed to withstand dramatic temperature shifts, with solar panels and rainwater collection systems ensuring self-sufficiency in one of Spain’s most inhospitable environments.
November 29thDecember 12th 2023
Incredible interiors Your Home Styling
AGROWING name in the world of interior design, Your Home Styling is celebrating its expansion with a brand-new showroom in Mijas/Fuengirola on the Mijas Road, further solidifying its presence on the Costa del Sol.
The company, founded by Martin Rance and his partner Laura Ortega (pictured together), has become a go-to destination for those seeking high-quality design solutions that blend style and functionality, without the luxury price tag.
In an interview with Your Home Styling's CEO, Martin Rance, we explore how the business has grown from a small team to a design powerhouse, having transformed over 400 apart-
ments and villas across the region.
“We started with the idea that a dream home is never complete without the perfect interior. Now, we're expanding our offerings and showroom to meet the growing demand,” Martin Rance explains.
When asked about what sets Your Home Styling apart from the competition, Martin points to their customer-first approach. “What makes us unique is our ability to deliver quality
create spaces that are not only stylish but also long-lasting. Our goal is always to make sure that every home feels both luxurious and livable.”
Their success hasn't come overnight.
Martin attributes much of the company’s growth to their dedication to customer service and communication.
“We go beyond just offering furniture; we provide comprehensive services that include everything from installation to aftercare. If something doesn't go as planned, we're quick to fix it.
That's a promise we make to every client,” he shares.
One of the most exciting aspects of Your Home Styling’s approach is their versatility in catering to a range of budgets. “Whether you're looking for a simple refresh or a full-scale renovation, we've got you covered,” says Martin. With design packages starting at €10,000, Your Home Styling offers solutions for homes of all sizes, with the added benefit of free storage for clients whose spaces may not yet be ready for installation.
As
they prepare to open the doors to their new expansion of the showroom, Martin and his growing team are eager to showcase an even wider selection of quality furnishings and decor. The new space will feature curated displays that reflect the latest design trends, offering clients the chance to see their potential dream home come to life before their eyes.
So, what's the secret to their ongoing success? “It’s simple. If you stay true to your word and your clients, you’ll find success,” says Martin. “The Costa del Sol is a place where dreams come true, and we’re just here to help make that happen.”
As the company continues to grow, the team at Your Home Styling Costa del Sol invites anyone looking to transform their home to visit their new showroom, where they can discover the perfect blend of elegance and practicality for their space.
Discover Your Dream Home or find your perfect new sofa – Visit Your Home Styling’s showroom in Mijas/ Fuengirola today and let the interior design experts help you turn your vision into reality. Your Home Styling Costa del Sol is on the Mijas Road. Search their name on Google Maps or find them at: Ctra. de Mijas KM 4.5, 29650 Mijas, Malaga.
COSTA DEL SOL
Hotel Rural Can Lluc
In the heart of Ibiza, Hotel Rural Can Lluc captures the essence of Balearic architecture, known for its pragmatic simplicity and seamless integration with the environment. The hotel is surrounded by olive, lemon, and pine trees, creating a serene atmosphere that reflects the island's traditional rural style. The traditional building has modern annexes which make use of natural materials, warm tones, and abundant natural light.
November 29thDecember 12th 2023 LOOKING FOR MORE PROPERTY STORIES?
Masia Can Pou
As an iconic example of Catalan rural architecture, Masia Can Pou embodies the timeless appeal of the masia, a traditional farmhouse. Located near Girona, this stone-built farmhouse offers panoramic views of the Llemena valley and is a symbol of the region’s historical connection to self-sufficient rural living. Despite their origins in the 9th and 10th centuries, masias have been rejuvenated and remain integral to modern rural life in Catalonia.
Cabañitas del Bosque
Located in Ousesende, the Cabanas do Barranco estate exemplifies Galician mountain architecture, combining traditional forms with modern design. Hidden among pines, oaks, and chestnut trees, this estate functions as a biodiversity refuge. The estate features the Cabanas Sen Barreiras, cabins perched in the treetops, and Finca Apriscos, small cabins overlooking a tranquil lake, each blending into the surrounding forest and wetlands.
AIn the know
Your trusted partner in the Guadalhorce Valley and Sierra de las Nieves
T Home Sweet Home Real Estate, we pride ourselves on being your go-to real estate agency, offering personalised services that cater to your unique needs. As experts in the Guadalhorce Valley and Sierra de las Nieves and beyond, our extensive experience and deep understanding of the local property market allow us to provide professional and tailored advice, whether you’re buying or selling.
WHY CHOOSE US?
Our approach is based on trust, transparency, and results. We thoroughly study every property and its documentation, ensuring that all aspects are clear and accurately presented to both buyers and sellers. This detailed attention to detail ensures that each transaction is smooth, compliant, and benefits all parties involved. Our commitment is to work for you, guiding you through every step of the process with professional advice and support.
OUR SERVICES
• Personalised Management: Each client is assigned a dedicated advisor who will take the time to understand your needs and offer the best options to achieve your goals.
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• Effective Advertising: We provide high-quality photographs and listings on top real estate platforms, maximising exposure and helping you reach the right buyers.
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At Home Sweet Home Real Estate, we are more than just a real estate agency — we are your trusted partners.
November 29thDecember 12th 2023
IN THE FRAME
THE architecture shortlist for this year's prestigious Dezeen Awards has been revealed.
A total of 82 projects are competing for awards across 15 architecture categories, submitted by studios from 32 countries, including Spain, Germany, Bangladesh, Rwanda, Turkey, Taiwan, Niger, and Mexico.
The most represented countries are the United Kingdom with 10 shortlisted projects, followed by the USA with nine, and China and Australia with seven entries each.
The Dezeen Awards architecture shortlist has been announced and we bring you six of the best
By Dilip Kuner
Also on the shortlist are a renovated bookstore in China, a Tokyo development with undulating green roofs, and a treetop walkway in Norway made from pinewood.
A housing prototype for displaced communities, developed by Holcim in collaboration
Notable projects include a solar farm hub in Turkey clad with mirrored steel panels, and a sprawling, plant-filled airport terminal in India spanning 255,000 square metres.
with the Norman Foster Foundation and showcased at the Venice Architecture Biennale, has also been nominated. Chris Cooke, a Dezeen
Awards judge and head of design collaborations at Bentley, commented: “Our partnership with Dezeen Awards continues to spotlight ambitious and innovative projects. This year’s shortlist is filled with sophisticated, thoughtful designs, many of which reflect a strong commitment to environmental responsibility.”
The shortlisted projects were evaluated by a distinguished architecture jury, including architects Keiji Ashizawa, Francine Houben, Dong Danshen, and Sumaya Dabbagh. Winners for each category will be announced live during the Dezeen Awards ceremony on November 26.
The 15 category winners will then compete for the coveted architecture project of the year award.
Here, the Olive Press has chosen half-a-dozen standout projects from the shortlist…
CIVIC PROJECT
Beijing City Library
Beijing, CHINA
The Beijing City Library claims to be a modern landmark. “It boasts the world's largest climatised reading space and China’s largest load-bearing glass system,” says Snøhetta, the architecture firm behind the project. The library’s design is inspired by Beijing’s natural landscape, inviting the outdoors in through sculpted interior forms. It features a variety of informal zones, reading spaces, and conference rooms, making it a hub for learning, culture, and community in the digital age.
The ideal combination
Wooden daybeds and thatch umbrellas on the Costa del Sol
WHEN you envision the Costa del Sol, golden beaches basking in the warm Spanish sun likely come to mind.
The luxurious lifestyle of the region is not confined to its upscale restaurants or vibrant nightlife; it also permeates the coastline, where wooden daybeds and thatch umbrellas have become essential symbols of beach comfort and elegance.
WHY WOODEN DAYBEDS ARE ESSENTIAL
For those enjoying the Mediterranean sun, nothing rivals the sophistication and comfort of a daybed on the beach. These chic pieces of furniture are both functional and visually appealing. Typically made from high-quality woods like eucalyptus or iroko teak, Cape Reed’s timber daybeds are designed to endure the coastal elements, ensuring longevity season after season.
Their natural aesthetic seamlessly blends with the beach environment, providing a relaxed yet refined atmosphere. But let’s face it - what truly draws people in? It’s all about comfort. Picture yourself sinking into a plush cushion after a refreshing swim, the gentle breeze easing the heat as you unwind. Whether basking in the sun or seeking refuge in the shade, a wooden daybed offers the ultimate relaxation spot.
THATCH UMBRELLAS: A QUINTESSENTIAL ACCESSORY
Weishan Chongzheng Academy Bookstore
Beijing, CHINA
Trace Architecture Office (TAO) transformed the historic Weishan Chongzheng Academy in Beijing into a multifunctional bookstore. Collaborating with the local government and Librairie Avant-Garde, TAO’s design preserved the building’s original atmosphere while adding modern functionality, including exhibition spaces, a small theatre, and a coffee shop. The design approach focused on minimal intervention to protect the existing structures, including the preservation of courtyard trees, reflecting a deep respect for the site’s historical and natural heritage.
Often found alongside these daybeds are thatch umbrellas, an iconic feature on Costa del Sol beaches. Their thatch design is not just for aesthetics; it serves a practical purpose as well. Cape Reed’s thatch umbrellas deliver exceptional shade from the blazing Spanish sun, keeping you cool and protected during those lengthy beach outings. Additionally, their rustic appearance adds a traditional Mediterranean flair to your beach experience.
FREEDOM TO DESIGN
The true beauty of these Cape Reed structures lies in their ability to be customised to reflect your vision, along with their durability and sustainability, making them the ideal choice for crafting a luxurious, comfortable atmosphere. Their blend of comfort, practicality, and style makes them the preferred option for anyone aiming to enhance their beach day or garden landscape.
Photo by Arch-Exist Photography
Photo by Zhu Yumeng
Continues on Page 26
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HOUSE (RURAL) CATEGORY
Barneys Ruin
Maghera, UK
Patrick Bradley Architect’s Barneys Ruin project in Maghera, UK, took an innovative approach to preserving historical ruins. "The clients were determined to keep the ruins untouched," said Bradley, which led to a concept where a new structure delicately floats above the existing site. The house weaves through the ruins, creating a powerful contrast between the old and the new, preserving the site's heritage while introducing modern design.
Due to our continued success in the UK as ProPerla platinum applicators we are delighted to announce that Universal Eco Homes have arrived in Spain... Hola!
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INFRASTRUCTURE AND TRANSPORT PROJECT
Kempegowda International Airport Terminal 2
Bangalore, INDIA
Terminal 2 at Kempegowda International Airport in Bangalore, India, reimagines the airport experience by incorporating natural elements. Designed by Skidmore Owings & Merrill as a ‘terminal in a garden’, the 255,000-square-metre space connects passengers to nature, inspired by Bangalore’s reputation as the Garden City. The terminal boosts the airport's capacity by 25 million passengers annually and serves as a gateway that integrates lush landscapes into the typically bustling airport environment, setting a new standard for international terminals.
Photo by Joe Laverty Photography
Photo by Ar. Ekansh Goel/Studio Recall
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AT the moment there is a political witch-hunt going on in Spain against tourist rentals. This is being done on national, regional and local levels.
On the national level, the government blames the tourist rentals for the lack of cheap long term rentals available and are trying their best to stir up emotions about it.
In my opinion this is only done in order to take the spotlight away from the disastrous failure that has been the Property Law they passed in May of 2023, which - so far - has seen a decrease of 30% in available long term rentals!
The fundamental problem is that there are no good incentives for owners to offer their property up for a long term rent compared to a holiday rental or temporary rental (por temporada). So this is the basic principle of supply and demand... less supply and high demand = higher prices.
As a whole Spain has experien ced an 8,6% increase in rental pri ces since then and in some areas of the bigger cities the increase has been up to 20%!
This law (ley 12/2023, 24 de Mayo) was designed by the go vernment to create more rentals and especially ‘suitable’ (dig na) housing.
The incentives for an owner to rent out were lowered and the rights of the tenants made stronger. Especially for owners that own several properties in the first case, and for tenants that end up as economically vulnerable in the second.
An owner has to be prepared for
Photo by HG Esch Photography
In Madrid, the Beyond-the-family Kin project redefines living spaces for older residents, fostering intergenerational care and social connections. The design, by Ignacio G. Galan and OF Architects, creates diverse living arrangements that challenge the isolation often faced by the elderly, promoting independence while offering communal care options. The architectural layout supports flexible living arrangements, with financial strategies designed to enhance the quality of life for its occupants.
BE CAREFUL!
Starts Group’s Christofer
Fogelman takes a look at some of the pitfalls of rental investment
a five-year term at least when renting out. And that is not always suitable.
On the regional level, the Junta de Andalucia presented a new law at the beginning of the year (Decreto 31/2024) that made the rules tighter regarding licences for tourist rentals. Among other things the key element here is that the criteria to make a property suitable as a tourist rental has changed. Previously, the criteria was that the property had a valid occupation licence.
The Junta has changed it so that each municipality will have to agree that a property is suitable ‘urbanistically’.
So the owner first has to apply to the Junta de Andalucia, who will then ask the Town Hall if the property is suitable or not.
This has created a lot of insecurity for property investors and companies that work with holiday rentals, it is being treated differently in each municipality.
In both Malaga City and Fuengirola the Town Halls have denied almost all applications that have been solicited since the change of the law, and introduced new rules or guidelines.
For example, the property must have an independent entrance from the street if it is in a community of owners, such as an apartment complex. It is very difficult to find a property like this. And that is the idea.
The local governments are facing more and more protests from voters that can’t find affordable housing and are using this polemic to try to show the public that they are doing something. The problem is that a property in the centre of Malaga will hardly become an affordable rental if holiday rental is prohibited. Most likely it will be sold or offered for rental at a quite expensive rate. So waging war against holiday rentals will not solve the problems that are the lack of properties for rent.
However it is understandable that local and regional authorities should regulate tourist apartments. The whole business welcomes this but we need clear rules that give legal security of how to do things and what can be done!
HEALTH AND WELLBEING
PROJECT
Atmosphere
Leogang, AUSTRIA
Designed for the Hotel Krallerhof in Leogang, Austria, the new Atmosphere facility integrates seamlessly into the surrounding mountain landscape. The curved split-roof structure extends over 100 metres, lowering toward a spring-fed lake and enclosing a 50-metre-long infinity pool. The design by Krallerhof and Hadi Teherani Architects incorporates sustainable materials and regional partners, emphasizing a harmonious connection with nature. A retractable glass facade allows the interior to blend with the
surrounding environment, creating a peaceful alpine oasis for relaxation.
rentals with a qualified vote of 60%.
There were tourist companies from Marbella and Madrid that had sued, stating that for a community of owners to be able to prohibit tourist rentals, the vote should be 100% in favour as it is an essential change.
Waging war against holiday rentals will not solve the problem
The present situation is not beneficial for anyone. The latest piece of news is that the Supreme Court has rectified the right for a community of owners to prohibit tourist
If a community prohibits tourist rentals only the properties that have a prior licence can keep on renting. But when the property is sold, that licence is void. It cannot be transferred to the new owner as long as the community has registered the prohibition in the property registry.
So if you are looking to invest in a property to rent out to tourists... make sure to do your homework! A property that
has a licence is no guarantee as the community of owners might have prohibited rentals since.
The best way is to mention this to your estate agent before you start looking at properties! A certified and licensed estate agent will be your best bet to find the right property!
Photo by Imagen Subliminal/Miguel de Guzman/Rocio Romero
Fuengirola, very cosy apartment in great position within walking distance to shops, beach and all kind of services with 2 bedrooms, 2 bathrooms, fully fitted spacious kitchen, patio, lounge and terrace, excellent condition makes a good investment as home and great potential for rental income. Definitely worth viewing!
Have a look at our website and find your perfect home. Either second hand or under construction we are going to guide you all the way through your purchase experience.
FUENGIROLA bright and spacious apartment in very good condition and unbeatable position only a few minutes walk to beach, restaurants and services, comprises of 3 bedrooms, 2 bathrooms, spacious fully fitted kitchen, utility room, lounge and sunny terrace, underground parking space, community pool and garden! Fantastic as home or rental income, very easy to rent!
MIJAS GOLF – Plot of land in unbeatable position so close to the golf course, very flat and easy to build a magnificent villa, situated on the main road at the golf course, it offers a fantastic opportunity to build within walking distance to the golf course. A viewing is highly recommended! 1.300m2.
Fuengirola center, very charming cosy apartment in great position within walking distance to the beach, restaurants, shops, etc. Comprising of 2 bedrooms plus small maid’s room, bathroom, bright spacious kitchen, lounge and terrace, very bright and ready to live in. Very quiet place in the town center 2nd floor without lift.
In the popular complex of Puebla Lucia this top floor, brand new, duplex apartment offers 3 bedrooms, 3 bathrooms, fully fitted open plan kitchen, lounge and terrace off the lounge and the main bedroom, overlooking beautiful gardens and swimming pool, completely renovated to high standard never been lived in, beautiful community gardens, swimming pools and parking, it makes an excellent home with great space sun and light, great investment and secure rental income!
FUENGIROLA, Torreblanca this cosy top floor apartment offers great panoramic views of the sea and mountains, offering 2 bedrooms, 2 bathrooms, kitchen, lounge and large sunny terrace with glass curtains to enjoy it all year round, originally 2 one bedroom apartments joined to make a spacious sunny home! Community parking and bus service at the door step. Ideal home!
Fuengirola center, bright apartment in the fair ground area, spacious and cosy it is ready to move in or rent out. Facing south west with 3 bedrooms, bathroom, spacious kitchen, lounge and terrace, community swimming pool, gardens and parking, it is an excellent family home! Great value!
Mijas Golf, south west facing townhouse with great views over the mountains and green areas, very cosy it offers 2 bedrooms, bathroom, guest toilet, lounge, kitchen, and 2 very spacious terraces, community swimming pool and gardens, makes an ideal home for a small family. Must be seen!
FUENGIROLA CENTER
MIJAS GOLF
FUENGIROLA, LOS BOLICHES
FUENGIROLA CENTER
FUENGIROLA CENTRE
FUENGIROLA
FUENGIROLA
MIJAS GOLF
NUEVA ANDALUCIA - MAGNA MARBELLA
Corner Apartment in Magna Marbella, Nueva Andalucia
3 Beds | 2 Baths | 147 m2 Built
REF: 176-02739P | 795.000 €
Introducing this spacious three-bedroom corner apartment located in the sought-after development of Magna Marbella in Nueva Andalucia offering stunning sea, mountain & golf views from it´s west facing orientation. The accomodation comprises an entrance hall, fully equipped, kitchen, spacious lounge & dining area, two guest bedrooms sharing a family bathroom and the master bedroom suite with it´s own sitting area. A special feature is the possibility to accesss the terrace from all bedrooms. This unit has an abundance of natural light and is spacious. The development itself is gated with 24-hour security, two communal pools and 1 underground parking space and storage room included in the price.
NUEVA ANDALUCIA - ALOHA PUEBLO
Cozy Apartment with Roof Terrace in Aloha Pueblo, Nueva Andalucia
1 Bed |1 Bath | 75 m2 Built
REF: 176-02783P | 349.000 €
Sleek yet cozy apartment in the popular urbanisation of Aloha Pueblo, situated on an elevated position gives this apartment plenty of natural light throughout the day. Recently refurbished to create a comfortable and effective living space. The open plan kitchen and living room with a fireplace opens out onto the lower terrace area, from here you can access the 70m² roof terrace perfect for al fresco dining or sunbathing. Aloha Pueblo enjoys several restaurants, 24hrs security and a nice pool area. The urbanisation is located within walking distance to the Aloha Strip.
NUEVA ANDALUCIA - LA BIZNAGA
Townhouse in La Biznaga, Aloha, Nueva Andalucia
3 Beds | 2 Baths | 221m2 Built
REF: 176-02651P | 695.000 €
Spacious townhouse for sale in the heart of the Golf Valley in Nueva Andalucia, one of the most demanded areas. This location is particularly popular for those who spend their days on the golf course, as the Aloha Golf Club among others is just a short distance away. A perfect holiday home or permanent residence depending on what you are looking for. The property is distributed over 3 floors, a solarium with scope for enlargement is on the top floor. There are beautiful mountain views and plenty of sun on the different terraces. The house is very well kept and ready to move into.
