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July 2017
Issue 15
Fall in love with the Love Island villas
July 19th - August 1st 2017
17
SEE PAGE III
Building dreams
DOUBLE BUBBLE F CGI is believing: How the offplan development boom is really taking hold along the Costa del Sol this year Turn to Page XIII
OREIGN investment into Spanish property is expected to break all records this year. Demand from abroad has grown for seven years straight, according to international consultant firm JLL. In the first half of this year alone, foreign buyers and funds have more than doubled the investment on the same period last year. So far external investors have sunk €888 million into buying Spanish property, smashing last year’s record of €330 million. While Madrid and Barcelona are the leading hotspots and attract the most interest from foreign buyers, Malaga, Sevilla, Mallorca, Bilbao and San Sebastian are also bringing in big numbers. It comes as it was revealed that Spain is still the most searched for destination for Brits looking to buy abroad.
Huge growth in foreign investment into Spain, which is set to go well over €1 billion in 2017
According to Rightmove, Spain is the most popular destination for Britons looking to relocate or buy a second home. Average monthly internet searches total over 2.5m, some 74% above its closest rival and second placed France. Portugal came third on the list, followed by the US and Italy. Alicante was the most searched region in Spain, increasing by 53% from last year. At €126,054, however, it also has the lowest average enquiry price of the most popular sunny regions. According to Rightmove, 62% of Alicante enquiries
are for houses, while 38% are looking for flats or apartments. With an average enquiry price of €397,813, property in Mallorca is most popular with high budget buyers, with 54% looking for flats and apartments and 46% looking for houses. Despite properties in Mallorca being three times higher in price than those in Alicante, it still tops the list as the second most searched for property destination in Spain. Malaga is in third position, with an average enquiry price of €191,830. Chris Please, Head of Rightmove Overseas, said
that Spain remains the most exciting investment for British buyers. “Over 12 months, we received an average of 2.5 million searches a month for property in Spain, indicating just how in-demand this sunny country is for property-seekers. “Whether it’s the large expat community, the sunny climate, the food or simply the easy transition into relaxed Spanish culture that has Britons enthralled, Spain’s proximity to the UK, cheap flights and short travel time has it consistently emerging as the most popular property destinations abroad.” In terms of upmarket property he also singled out Mallorca, for its great climate, upmarket living and picturesque surroundings. “Mallorca is perfectly positioned as the ultimate destination for high budget UK buyers looking to purchase their own slice of paradise.”
PROPERTIES SELLING FAST AT THE SPANISH ESTATE AGENT ! Thinking of selling? Get in touch with The Spanish Estate Agent – the fastest growing agency on the Costa del Sol
Phone us now on +34 951 516 905 Come and meet our motivated and professional consultants at Avenida Espana 250, Estepona 29680. Or visit our website at www.thespanishestateagent.com Email info@thespanishestateagent.com
It’s your move!
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July 19th - August 1st 2017 July 2017
House prices are increasing across the country with strongest looking data since the crash, writes Mark Stucklin
T
he following residential property price indices were released in June:
The National Institute of Statistics (INE) +5.3% in Q1 The Notaries’ Association index +2.4% in April (1,336 €/m2) The Tinsa index +3.6% in May The Idealista (resale asking price) index +1.5% in June Perhaps the most interesting observation to make about the data is that this is the first time in almost a decade that ALL the main indices I track are to be found in positive territory. Every single leading index is currently in the black.
Positive
That said, and as I always point out, national house price figures are not much use when it comes to understanding local markets. However, they may influence market expectations and confidence, which is why I keep an eye on them. Meanwhile, Spain’s leading appraisal company Tinsa publishes house price data categorised by area (based on its own valuation). Looking at the data published by Tinsa for May, we see that house prices in big cities and provincial capitals were up by 6.1%, by 4.7% on the Mediterranean coast, and by 2.9% in
EXPERT: Mark Stucklin runs the Spanish Property Insight website and has been The Sunday Times Property Doctor for many years RESULTS: Every month the SPI House Price Index Tracker plots the progress of the six most-watched house price indices in Spain, and puts them all on one page. All the latest results are highlighted in yellow in the chart above.
The price is right the Balearic and Canary Islands. Tinsa also published data in June showing that house prices rose by 22% in Barcelona city, by 13% in Alicante city, and by 11% in Madrid. It comes after it was revealed Marbella is the most expensive area to rent in the country this summer, with aver-
age weekly rents fetching more than €1,100. A report by Idealista also found that it would cost an average family 35.1 years to be able to purchase a property in Marbella, making it the most expensive in the country, ahead of the likes of San Sebastian and Madrid.
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July 19th - August 1st 2017 July 2017
III19 19
Royal rip-off? SPAIN’S king and queen were appropriately given the royal red carpet treatment when they stayed at Buckingham Palace this month. And the high profile visit (pictured right), over three days, all helped to make the British Queen’s home the most expensive to run in the UK. According to website Comparethemarket.com the property costs €150,000 per month to heat and power, all paid by the British taxpayer. The central London residence
LAVISH: Inside Buckingham Palace
and administrative headquarters of the British monarchy splashes £1.56m (€1.78m) every year on its energy bills. The iconic property has 775 rooms, a movie theatre, swimming pool, post office, chapel and more. Meanwhile, ex-Real Madrid star David Beckham spends €1,615 per month on energy for his €50 million London pad. The seven-bedroom Georgian town househad a reported €9.1 million renovation.
Buyers bound to fall in love with two villas where hit show Love Island is filmed
F
ANS of Love Island can snap up the luxury €3 million Spanish villa where the raunchy reality TV show was first filmed. Appropriately named ‘Casa Amor’ (House of Love), the new buyers will be spoilt cooling off in the 14-metre swimming pool in stunning Mallorca grounds. The four-bedroom villa, for sale through agent Chestertons, hosted the contestants before the islanders cast split into two groups last year on the ITV show. The villa, in Sant Llorenc des Cardassar, near Manacor, is the perfect fit for singles looking for love, complete with its ‘cheeky’ photography and artwork adorning the walls. It has a very secluded setting and counts on its own vineyard with lemon and orange trees bringing a wonderful smell to the air. One wonderful bath offers a magnificent view of the gardens. Meanwhile, the villa, which is the current set for series III of the hit show is also understood to be going on the market. The sprawling pad, just outside Cala Millor, is set against a stunning backdrop of rolling green hills, with a show-stopping
Love at first sight! LOVE SETS: Casa Amor (right) and (left) current house of the third series
And if you rather have a love island of your very own this could be for you...
infinity pool the focal point of the garden. Producers are said to have spent tens of thousands on the villa following complaints that the pool in last year’s villa was cold. The love pad comes complete with a hot tub, outdoor gym (which doubles as Kem’s hair salon), alfresco kitchen, fire pit, marble bathtub for two perfect for the contestants to fall in – or out – of love. The nearby town of Sant Llorenc is reportedly buzzing with crew from the programme, which has left locals bemused but delighted with the increase in business.
Green light
LOCATION: The island sits just east of Menorca IT’S the Balearic getaway that puts Love Island in the shade - and like the hit show’s stars, it’s up for grabs. Stunning Illa d’en Colom off the coast of Menorca is on the market for a cut price €3.7 million, knocked down from an initial sum of €6.8million. Set in 58 hectares, the island is nestled just 200 metres from Menorca in the Mediterranean’s crystal clear waters. Boasting two separate beaches, the island houses a family home and outhouses that have fallen into disrepair. The main house holds six rooms on two floors totalling 100 sqm as well as a cabin with two bedrooms, a small boathouse, the remains of an old ore mining house and a barn. Forming part of the Albufera des Grau’s natural park, the
Superstar beauty spot on the market for knockdown price
Island idyll
STUNNING: Whole island for sale
ONE of the Costa del Sol’s most iconic hotels has been awarded a €60 million building permit by Mijas town hall. The blue and white Byblos hotel, previously owned by Lord Alan Sugar, has seen guests such as Princess Diana, Antonio Bandera and Julio Iglesias, and was long a favourite of the Saudi royal family. “If everything continues to go to plan, once the summer season ends, this tourist attraction will have a green light to start refurbishments,” said a spokesman at the town hall.
island’s landscaped pine forest and sweeping coastline give this retreat a wild beauty. The island also holds a commemorative monolith honouring three Spanish sailors who died of the plague here in the late eighteenth century. The peace treaty between Spain and Tunis is also believed to have been signed here in the late 1700s. Beauty, tranquility and history - and all just a 10-minute drive from the Menorca capital of Mahon. It is on with agent Prime Location.
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www.theolivepress.es Property
July 19th - August 1st 2017 July 2017
Rental rapids
Break-in fears
AN overwhelming 60% of householders in Spain fear their homes will be broken into when they go away. However, despite this only one in 10 concerned homeowners have put anti-theft measures in place. Many Spanish families from cities such as Barcelona leave homes empty for about a month while they head to the coasts, making the properties easy targets for thieves. Brits who have holiday homes in Spain or expats who travel frequently can also leave their homes empty for months. Some 41% of homeowners know someone who has been burgled, while 5% say they have already been targeted. Despite this, the survey by Securitas Direct found that only 11% have a radio alarm. Just 10% have security cameras installed and only 9% have reinforced doors.
Offshore banks eye up Spain as property boom gathers apace
Bank on it
A
LEADING international mortgage region, thanks to sustained growth in propbroker is reporting ‘sustained erty prices in prime investment regions growth’ in Spain’s property market. such as Madrid, Barcelona, Marbella and Record-low interest rates, cheap the Balearics. credit and a Europe-wide “This coupled with a healthy economic recovery were also yield and increasing ‘ochelping to attract buyers to cupier demand’, is enticing ‘We are also Spain. offshore banks to invest in Daniel Howarth, Co-Head of lending platforms to accomseeing an Enness International, said: modate existing and pro“Following a significant peri- improved appetite spective clients looking to od of uncertainty in the Spanbuy there.” from banks to ish property market, we are Enness International also now seeing growth, with both noted that banks that previlend’ property prices and demand ously restricting their activiincreasing. ties to less volatile countries “As well as a growing demand like France or Germany are for property, we are also seeing an im- ‘increasingly considering Spain as a good proved appetite from banks to lend in the area of credit investment’.
RENTAL prices in Spain are rising four times faster than house prices. New research has shown rental costs have increased on average by 8% in Spain in the first six months of this year. Meanwhile property prices increased by only 2%. The average price of property stood at 1,263 €/m2 at the end of June. The report paints a picture of a sustained recovery in the Spanish housing market. “All the data confirms a path of sustained growth nationally that began several quarters ago, although now more moderate and less intense than in previous quarters,” explains María Enríquez, at property consultancy firm Gesvalt.
MIJAS – ref: R2944334 SPACIOUS CHARACTER VILLA with MAGNIFICENT SEA VIEWS!! 5 Beds + 5 Baths, high ceilings, A/C h+c, fireplace, study, movie room, garage, 12 m pool, exterior bar, many lovely terraces. 297 m2/900 m2.
Price: 575.000€
MIJAS – ref: R2917820 GORGEOUS ECO-FRIENDLY FINCA LOCATED IN IDYLLIC SECLUDED COUNTRYSIDE yet near Mijas Pueblo. Original finca dates from 19th century has been sympathetically extended and improved. 4 Beds +2 Baths, A/C h+c, solar panels. Eco-plunge pool. Fruit trees. Kennels. 360º Country & mountain views, southwest facing. Lots of charm!! 226 m2/1600 m2
Price: 369.000€ Palomino Properties – Avda. México, 43 Nuevo Pueblo Mijas, local 4, 29650 MIJAS (Málaga)
Telf: (+34) 952 486 296 Mob: (+34) 670 607 247 mijas@palominoproperties.com www.palominoproperties.com
www.theolivepress.es
GOLF VALLEY
Ref: OP9720
Villa next to The Westin La Quinta Golf Resort & Spa 5-star hotel
NUEVA ANDALUCÍA
Bright and spacious 5-bedroom family home with beautiful mature garden and pool. Located in La Quinta with all the hotel’s facilities at hand and within a short drive to Puerto Banús. Competitively priced.
GOLDEN MILE
Ref: OP9651
Stylish 3-bedroom townhouse with mountain views, close to amenities and walking distance to Puerto Banús and the beach. Private garage.
GOLDEN MILE
July- 19th - August 1st 2017 July 19th August 1st 2017
Built: 80 m² Terrace: 42 m² Price: € 399,000
Bright 2-bedroom ground-floor apartment in a gated complex, beautiful gardens and pool. Only a few minutes’ walk to the beach and amenities!
Ref: OP9806
Rustic-style 3-bedroom, south-facing townhouse in Lomas Pueblo. Walking distance to the beach and the Puente Romano Hotel.
NUEVA ANDALUCÍA
Ref: OP9736 Built: 110 m² Terrace: 15 m² Price: € 280,000
Built: 279 m² Plot: 796 m² Price: € 899,000
Built: 164 m² Plot: 100 m² Price: € 490,000
Ref: OP9830
5-bedroom villa next to Centro Plaza, walking distance to Puerto Banús. Sea views, guest apartment, fireplace, 2-car garage and garden.
Built: 327 m² Plot: 812 m² Price: € 1,250,000
Offices at the Puente Romano Hotel & opposite the Marbella Club Hotel Tel. (+34) 952 863 750 info@panorama.es www.panorama.es An International Associate of Savills
Regulated by RICS
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www.theolivepress.es Property
July-19th - August 1st 2017 July 19th August 1st 2017
Established in 2006 we specialise in inland property with an extensive portfolio of white village and country homes. Ronda Properties Estate Agent Inland Andalusia, c/San José, 1 29400, Ronda, Malaga, Spain
Tel: (+34) 952 187 313 Mob: (+34) 608 765 990 Email: info@rondaproperties.com www.rondaproperties.com
Cortijo, Vineyard Ronda
Benadalid, Country House
Equestrian Finca
Totally renovated keeping all the charm and character of an authentic Spanish country house. The property comprises 5 en-suite bedrooms, one bedroom situated in separate part of Cortijo and master bedroom with chimney, floors laid with polished wood.
Country house and a self-contained apartment, with outstanding views towards the valley and village of Benadalid. Ideal for a rural tourism B&B business or rental. Ronda only 35km. Nearest beach 45 minutes drive.
Long Term Rental. Beautiful, spacious property built and presented to a high standard with equestrian facilities consisting of brick built stables, fenced area and tack room. Solar panels provide hot water and drinking water from a private well. Approx 20 mins from Ronda.
Bedrooms: 5 Bathrooms: 5
Build: 280m2 Plot: 35,000m2
Bedrooms: 5 Bathrooms: 2
Build: 216m2 Plot: 8891m2
Bedrooms: 7 Bathrooms: 5
Build: 350m2 Plot: 50,000m2
Ref: 83796
€1,300,000
Ref: 84140
€250,000
Ref: 83953
€2,000
Inmobiliaria - Real Estate
La Serranía Services
tel: (+34) 952 187 313 movil: (+34) 608 765 990 www.laserraniaservices.com
Welcome to Serrania Services, Ronda Estate Agents, we are inland property specialists in the Serrania de Ronda, Andalusia. We have properties for sale and to rent in Ronda and the famous White Villages, Pueblos Blancos of the Serrania de Ronda.
Luxury Villa Chalet
Historic Quarter
Country House
A beautiful property located amidst stunning scenery and surrounded by olive and fruit trees. With spacious, light rooms, entrance hallway, sitting-room diner, English style kitchen Access in good condition. Panoramic views.
Townhouse located in one of the most sought after areas of Ronda. A light, beautifully presented property comprising entrance hallway with cloakroom, fitted kitchen with access to interior patio, sitting-room with fireplace, library, dining area, doors out to interior patio.
Long Term Rental. Very well presented country house with pool and guest house plus good extension of flat land approximately 6 hectares, suitable for horses with fenced coral and an equestrian centre nearby. Large terrace and fruit trees with lovely open views.
Bedrooms: 5 Bathrooms: 4
Bedrooms: 3 Bathrooms: 2
Build: 111m2 Plot: 88m2
Bedrooms: 5 Bathrooms: 3
Ref: 101006
€275,000
Ref: 100774A
Ref: 100991
Build: 238m2 Plot: 44,000m2
€599,000
Build: 250m2 Plot: 60,000m2
€1,600
Property
www.theolivepress.esCosta del sol developments special
July 19th - August 1st 2017 July 2017
VII 23
Building dreams
Demand just keeps growing as developers get to work on Spain’s favourite Costa, writes Laurence Dollimore
Ojen resort
There are new luxury developments ... and then there’s Palo Alto. Overlooking the sparkling Med, this premium gated community is situated on the doorstep of the protected mountains behind Ojén, five minutes from Marbella. Acclaimed Spanish architects Villarroel Torrico are unveiling an extensive range of luxury apartments and penthouses with a contemporary design and high tech construction techniques including spacious terraces with breathtaking views, open-plan dining areas, high quality fixtures and fittings and floor to ceiling windows for optimum natural light. Ailse Warriner, Marketing Director for Palo Alto, says: “Our clients are looking for something special that offers them high qualities as well as the option to personalise their home according to their needs. We have buyers from all over the world, both first and second home buyers who appreciate the unique architecture and love the onsite Health Club with indoor pool and spa, concierge service and rental management facilities.” Construction is now underway with Phase 1 due for completion by December 2018. Prices start from €440,000.
T
HE Costa del Sol’s construction industry has gotten back into full swing with several exciting projects nearing completion and others just getting started. From exclusive hillside developments to gamechanging lagoons, it almost feels like we are back to the good old days, before the financial crash decimated the booming market in 2008. Prices across the country have been increasing at a steady rate. Enness International has pointed to ‘sustained growth’ in the country’s property market following the savage recession that left many developments along the Costa del Sol unfinished. Record-low interest rates, cheap credit and a Europe-wide economic recovery have also helped to attract buyers to Spain. And Brits, who have been made slightly more hesitant thanks to the Brexit vote, are still buying into the Spanish dream, and for everyone that has backed out, a Norweigan, Swede and German has been there to fill his space. As thousands of cranes are being erected along the coast, we take a look at the most exciting developments looking to shape up Andalucia’s skyline.
For more information visit www.paloaltomarbella.com or call Freephone 900 102 322.
CO
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Continues on next page
Naturally Modern Living • Luxury contemporary apartments and penthouses by award-winning architects from €440,000 • Health Club, business centre, indoor and outdoor pools, concierge, 24 hour security , rental management services • 5 minutes from La Cañada Shopping Centre, Marbella
• Ideal first or second home • Limited availability, easy and secure payment plan • Personal Tours available Monday-Friday 10am to 6pm, Saturday 10am to 1pm or by appointment. Call Freephone 900 102 322.
REQUEST BROCHURE AT LP.PALOALTOMARBELLA.COM
PaloAltoMarbella.COM
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www.theolivepress.es Costa del sol developments special Property
July 19th - August 1st 2017
Going up and up Sotogrande fincas Bromley Estates Marbella has just been named by developer Kronos Homes as the exclusive promoter for the newly launched La Finca by Kronos Homes resort. Prices start at €410,000 and prime units are not expected not be around for long. La Finca by Kronos Homes comprises of luxury properties next to La Cañada Golf Course in La Reserva, Sotogrande one of Europe’s finest residential addresses. This brand new development of contemporary
golf villas is the ultimate in stylish living offering the full package; deluxe property, idyllic location, close proximity to golf and incredible sea and golf views. These golf villas are set within an extremely desirable family friendly environment protected by 24-hour security. Residents have exclusive access to a host of onsite amenities including swimming pools, a gym, paddle tennis courts and even a running track. Property of this calibre which is available at this price point, will be in high demand amongst international investors.
Bayview Homes, Benalmadena
Bayview Homes enjoys a unique location in the Benalmádena area: set in a tranquil setting full of greenery, it also has all the advantages on offer on the Costa del Sol, with its commercial, leisure and health care services.
Exclusive
All this, with a mild Mediterranean climate so you can enjoy an exclusive lifestyle close to the sea. The development is centrally located for a wide range of restaurants, shops and shopping centres, cultural activities and sports facilities for every single day of the year; only 900 metres from a golf course, ten minutes’ walk from a hospital and only 3 minutes from an area of supermarkets. In addition, the area has tennis clubs, marinas, theme parks, a dolphinarium... And access to schools and prestige medical services. It’s desribed as an attractive opportunity for purchasers seeking an exclusive lifestyle, beaches close to hand along with
seaside activities and sports. The apartments have been designed to a highly exclusive and contemporary style. Open plan kitchens with large worktops integrate completely with spacious living-areas, and are fully equipped with top of the range Siemens appliances, and dedicated utility rooms including both a washer and a dryer. The development offers exclusive sports areas, including paddle tennis courts and fully equipped fitness centre.
Lagoon living Ever pictured living on a beach? In 2017 that Malibu dream can become a reality at the first residential crystal lagoon resort in Europe. Alcazaba Lagoon in Casares offers resort-style living around a lagoon featuring private fine sand beaches. Families can kayak, windsurf and paddleboard to their heart’s content, directly from their doorstep. The first 100 apartments are now ready to move into.
Marbella mansions True to form, Marbs continues to attract luxury property developers and 2017 is no exception. Pacific Investments plans to build five upscale villas at a cost of €25 million. Each property will sprawl over up to 3,000 square meters and will set buyers back €7 million a pop.
www.theolivepress.es Costa del sol developments special Property
July 19th - August 1st 2017 July 2017
IX 25
STYLISH: Design heavy Riverside sits in a prestige location and is already proving extremely popular with buyers
Riverside, Benahavis
S tarting from €2
25,000
An enclave of 75 luxury concept apartments are to be the first to be built in Benahavis town since 2006. They will be just 300 meter from the village centre with its popular bars, restaurants and shops. “The location is perfect,” says Scott Marshall of Properties Spain, “It’s still very Spanish here and hasn’t been overdeveloped or made into a tourist town.” The development is right beside the river and consists of two- and three-bed apartments built in four blocks around communal gardens and a swimming pool.
Wealthiest
All apartments have spacious lounges, fully-fitted open plan kitchens, plus a parking space and storage room a piece. But that’s not all you get when you purchase a property in this exclusive town, the wealthiest in Andalucia if not the country. “For just €20, every homeowner gets a resident card,” explains Marshall, who has been selling property in the area for decades, “this grants access to all sports facilities, including gyms, tennis and padel tennis and much more.” Much more includes pilates and free Spanish lessons. “It means you’re guaranteed a commu-
nity feel when living here,” adds Marshall whose company, Properties Spain, handles 90% of the town’s properties.
We are the first agent to reserve a property in Riverside
The Riverside apartments are expected to be completed by the end of 2019. Prices range from €225,000 to €434,000.
To reserve your property before they all sell out contact Scott on +34 952 855 489 info@propertiespain.com
Phone us on 952 855 489 or email info@propertiespain.com
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www.theolivepress.es Costa del sol developments special Property
More tourist projects on the way
The Island, Estepona
Torremolinos leisure park British property developer Intu is looking to make a big splash with the largest shopping and leisure complex in Andalucia, covering some 200,000 square meters. The giant leisure park will include shops, restaurants, a dry ski slope and large pool with surf waves. The company is still awaiting final approval, but says it intends to begin work early this year, with completion due in 36 months.
Marbs megahotel Marbella’s largest ever luxury hotel, costing €300 million, has begun construction this summer. Hong Kong-based Platinum Estates is constructing the 600-bed complex near the Real Zaragoza dunes. It is expected to be open yearround from summer 2019 and is slated to create 1,000 stable jobs. Spanning over 151,000m2, the firm acquired the land for €50 million in 2015 and has reached an agreement with the town hall to develop it.
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The Island is an innovative residential project located in a tranquil frontline beach setting on the Costa del Sol, offering absolute privacy, luscious surroundings and s t a te -o f -the -a r t amenities. The Island is a true rarity, being one of the only luxury frontline beach complexes with a contemporary architectural design. Prices for the townhouses start at €850,000.
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July 19th - August 1st 2017
Gar Lin Ma
Loo tab mus flas the ate to The high unli bum the tyin spe ing bac par hav bef look with gua per
Elliot Wright – Olivia’s La Cala, Mijas, Spain At his restaurant, reality TV star Wright pairs a family-oriented atmosphere, and a tranquil beach setting, with a trendy and upscale take on cuisine. The decorum of the venue evokes a ‘tropical paradise’, and the food follows this well-executed theme. Guests can indulge in delicious meals and cocktails of the week, created by the restaurant’s very own mixologists. There is also a wide array of live entertainment as the perfect background for the perfect dinner.
Juan Carlos Ferrero Hotel, Bocairent, Spain
Terry Venables – La Escondida, Alicante, Spain Ex-England manager Terry Venable’s La Escondida, or ‘The Hidden One’, is the perfect mix of rustic and contemporary. Built in 1881 as a hunting lodge, it has since been converted to a hotel, yet still retains a quasirural vibe. Its location in Alicante, although secluded, is not an incredible distance from the beach. From clay pigeon shooting to hiking, this destination, while costing €140 per night, is an ideal place for those wanting to escape from the hustle and bustle of city life.
Ex-tennis ace Juan Carlos Ferrero’s Ferrero Hotel, located in Bocairent, is the ideal spot for those who enjoy a change of scenery within their living situation because each of the 15 rooms have a different theme and style. In fact, picking your favorite style is made easy with the diversity. Inspired by Ferrero? You can play tennis just like him in the provided courts, along with other sports and activities! Even though the rooms are limited, the amount of people who can fit in the tent is so high it’s practically unlimited. Capped at 800 guests, the area is ideal for weddings, gatherings, or other types of large gatherings.
Lionel Messi – Bellavista del Jardin Norte, Barcelona, Spain
Gerard Pique – Yours, Barcelona, Spain Soccer star Gerard Pique’s ‘Yours’ achieves an impeccable balance between contemporary styles and classic foods. Guests can enjoy a variety of salad, fish and pasta dishes, yet also indulge in the many styles of hamburgers that are offered. The versatility that exists in the cooking style possessed by the restaurant can be attributed to the mixture of young and old in the cooking team. While the diverse menu is capable satisfying even the pickiest of appetites, the Jazz nights that the restaurant takes pride in will certainly bolster the spirit of guests, and make for a pleasant and lively evening.
While staying at Messi’s hotel in Sitges, one can venture up to his restaurant in Barcelona. That’s right, this celebrity soccer ace seems to be as active in the Spanish business scene as he is in the football scene. As the name suggests, the restaurant has a very small-town, garden feel, evoked by the rustic wooden floors, and the flower decorum. Messi has also added an element of fun to the venue, including arcade games and TVs where guests can watch the latest football game while enjoying family-style, Spanish cuisine.
Checkin A
s the summer sun begins to shine more brightly over the sprawling beaches of Spain, complete with picturesque palm trees and stunning views of the sunlight glittering across the surface of the Mediterranean, this literal hot spot becomes a hotspot for holidaygoers from around the world. Among this mix of visitors, it is not unusual to spot an abundance of celebrities, politicians, and well-known figures on
Hotels are the latest accessory for celebs with cash to splash
the beaches, soaking up the sun, or enjoying the lively Spanish towns and even livelier nightlife. Aside from its natural beauty and unique towns,
Cristiano Ronaldo Funchal & Lisboa,
Another fellow footb aldo, who is a striker tional team, boasts t properties in his n entering the hotel, g they have been tran stadium with the turf and bathroom walls. T air gym where guests custom ‘Get in Shap infinity pool to cool Regardless, of any a hotel, whether it be e sky and sports bars, do, you are sure to se perstar (or ten) smilin are typically around
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July 19th - August 1st 2017 July 19th 2017
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ry Lineker – nekers Bar, Marbella, allorca & Ibiza
oking for an unforgetble night out where the sic plays and the lights sh until dawn? If yes, en you should immediely add the Linekers Bar your holiday itinerary. e atmosphere is always h energy, and it is not ikely that guests will mp into celebrities on e dance floor while parng. Linekers Bar also ecializes in organizsizzling nights out for c helor/bac helorette rties. Whether you are ving one last hurrah fore saying ‘I do’, or king for a fun night out h friends, Lineker’s Bar arantees a fun-filled exrience.
Henrique Sá Pessoa – Alma, Lisboa, Portugal
ng in
e . ,
Spain is home to a profusion of elegant hotels and lavish restaurants, making it very unsurprising that this destination has been a popular holiday choice among these A-listers for many years. What is surprising, however, is that some of these acclaimed hotels and restaurants are actually created and owned by celebrities themselves. Here is a list of 12 spots that are sure to elevate any holiday to celebrity status.
o – Pestana CR7, , Portugal
baller, Cristiano Ronr for the Portugal Natwo beautiful, modern native country. Upon guests feel as though nsported to a football f-coated hallway floors There is also an opens can follow Ronaldo’s pe’ program, and an down in afterwards. activity you do at this enjoying a drink at the or training like Ronalee a picture of the sung back at you. Rooms €184 per night.
Lord Alan Sugar – Byblos Hotel, Mijas, Spain
Famed chef Henrique Sá Pessoa’s restaurant, Alma, located in Portugal, is an upscale and contemporary location for those who crave a new take on gastronomy. Here, the food is inspired through a world outlook. From traditional Portuguese cuisine to importations from Asia-and intriguing twists on everything - this place is sure to diversify a palate.
In Mijas lies Lord Alan Sugar’s Byblos ex Hotel which he recently sold. Closed for a number of years, then purchased and reopened, the hotel is known for its curved shape.
David Bentley & Stephen Carr – La Sala, Marbella, Spain La Sala, owned by ex-footballer David Bentley and Stephen Carr, in Marbella, is the only restaurant in the town that offers live music every day of the week, and all day on Sundays. Throwbacks to old America, from the Rat Pack to the Jersey Boys, will be heard. In fact, tributes to famous artists are always playing. The restaurant is ideal for those who enjoy a busy, fast, and lively area while eating.
Sir Richard Branson Sa Terra Rotja, Mallorca Sir Richard Branson’s villas, Sa Terra Rotja, Sa Punta de S’Aguila, and Son Balagueret, are not for the average person. Ranging from €11 ,225 to €16,085 per night, these locations are absurdly expensive. The seventh night is free, though! Built on 680 acres, the land stretches from beaches to hills. With private chefs for each room, anything will be cooked and your room can be stocked with anything you so desire.
Lionel Messi (again) – MiM Hotel, Sitges, Spain Argentina superstar Lionel Messi definitely scores a goal with this luxury, seafront spot. The MiM Hotel provides guests with a place where they can enjoy ‘the Mediterranean lifestyle’ seeing that its location in Sitges Spain allows guests to have access to both the beach, as well as the monuments, shops, and entertainment of the city center. The hotel has 77 rooms, with spa rooms that can cost as much as €260 per night. In their leisure time, guests can also enjoy a sky bar and additional spa treatment, that includes massages, hydrotherapy, an oxygen cabin, and more.
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Need a UK Base?
Holiday Homes available on lovely park in Devon UK from £26,995 to £150,000 Open 11 ½ months. Email: Michaela37@hotmail.com for more information
Property of the Week
Sevilla / Pruna - TH3036 49.950€ charming 3 bedroom house in a thriving traditional town, well located between the cities of Seville, Malaga, Cordoba and Cadiz with magnificent views of the two castles of Pruna and Olvera. Reduced from 64.000€ to sell now!
tel: +34 953 587 040 Calle Abad Moya 4 bajo, 23680 Alcalá la Real, Jaén info@inlandandalucia.com www.inlandandalucia.com
July2017 19th - August 1st 2017 July 19th
Proof that all british city dwellers put spain buying top...
In like flynn Sun-starved Scots are the biggest lovers of Spanish property while only Londerners and those in Bristol give France a proper look in IT’S no surprise Spain is still the most popular destination for Brits looking for a second home or a new life. But where are the majority of these Brits coming from? Rightmove, the UK’s leading property search engine, has collected data showing which cities in the UK have been searching for properties
in Spain the most. In ten of the country’s biggest cities, Spain was the most searched for destination, with France a distant second in all cases. Spain was most searched in sunstarved Glasgow, followed by Liverpool and Sheffield. See the full table of results below.
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July2017 19th - August 1st 2017 July 19th
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...while a new map reveals which are the key hotspots where they choose to live
The e pat factor I
T’S official. There are more in Britain, the figures show. than twice as many Brits All other age groups have in Spain than Spaniards in been declining since around the UK. 2008, when the economic criAccording to the Office for Na- sis began. tional Statistics (ONS), there While almost 300,000 Brits were 296,600 Brits in Spain are known to be officially livin 2016, compared to just ing in Spain, hundreds of thou116,000 Spaniards in the UK. sands are suspected to have And the new figures have also not made themselves official. revealed that Estimates of acmost Brits like to tual British poplive in the coastal The figures show ulation size in areas, with the Spain are nearnotable excep- the population of er the 800,000 tion of Madrid. British pensioners mark. Alicante and Taking the INE Malaga have by in Spain has also figures at face far the most Britthe British jumped ‘notably’ value, ish expats, while expatriate comMurcia and Almemunity in Spain ria make up the has declined 4% top four. since the last census in 2011, The figures show the popula- when there were 308,805 Brittion of British pensioners in ons resident in Spain. Spain has also jumped ‘nota- In the UK, some 78% of Spanbly’. iards work in the public secThere are 121,000 British pen- tor, financial services, or the sioners officially registered hospitality sector. in Spain, more than the entire Half of those are between 29 Spanish immigrant population and 39 years old.
Fly it with pride
MAPPED: Distribution of registered Brits living in Spain
ESTEPONA’S port has been awarded the prestigious blue flag for cleanliness. Town hall staff were joined by mayor Jose Urbano to raise the flag (above). The stamp of honour is reserved for beaches or ports with exceptional water quality, safety, hygiene, accessibility, services, information and lifeguards. Spain has the most Blue Flags in the world, despite the Foundation for Environmental Education awarding the country with seven fewer this year. Valencia boasts the highest number, with 129 altogether, and following closely behind it are Galicia, 113, Catalunya, 95 and Andalucia, 90. Criteria for an award include displaying of water quality, managing cleanliness, educating visitors of environmental concerns and providing sanitary facilities.
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GREEN WINE: Son Juliana bodega counts on wind and solar power for energy
Mallorca winery runs on 100% solar-powered energy
A
MALLORCA winery is operating on 100% renewable energy. The 1,300-metre-square Son Juliana bodega is set just below the spectacular Tramuntana mountain range between Santa Eugenia and Biniali. Built in just 15 days, the winery is the brainchild of local architects Munarq Arquitectes. Cork-insulated roofs allow a stable temperature for the wine to be stored, with some 40,000 litres a year currently produced. “They were in a hurry, so because of this we built in a prefab concrete structure, built in 15 days," revealed a spokesperson. "We used a prefab concrete structure, and local and natural materials like mares – a local sandy stone – in the ex-
It is 100% renewable energy powered terior facades, and ceramic bricks for the interior finishing walls. "What is unusual is that it is 100% renewable energy powered and not connected to the net." The linear building has a concrete base which is covered in mares-stone. Wine is bottled and labelled at the westend of the building then stored in a cool area near the entrance. The winery is located in the basement, because it requires a special temperature and humidity conditions. The retaining walls are stone to take advantage of the thermal mass and soil moisture that remained during the summer. The ventilation and temperature is carried through pipes connected to geothermal heat pumps.
Let there be light!
SPACIOUS: The light, airy space is inspirational for the winemakers
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AÑOS
GARANTÍA
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July2017 19th - August 1st 2017 July 19th
Villa Catalina, Sitges,
€10,400/week
♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦
€10,400/week 15 bedrooms sleeps 35 12 bathrooms 12 toilets 700 m² living area 1500 m² garden Private pool Wi-Fi Balcony Patio Roof terrace Terrace
Luxury
Short-term
€4,000/week
Marbella pad ranked sixth-best high-end holiday rental in the world
€2,156/week
A
MARBELLA pad has ranked in the top 10 most popular luxury holiday rentals in the world. The seven-bedroom mansion comes complete with three swimming pools, two fireplaces and 1,600m2
worth of gardens. In a list of the world’s most popular luxury rentals, compiled by TripAdvisor (below), the sprawling white dwelling came in at number six. The massive home, which includes a gym and cinema
room, beat out stunning properties from Edinburgh and exotic boltholes in Indonesia, and goes for around €1,000 per week in peak season. Here we take a look at what other luxury gems are ready to rent in Spain.
♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦
Estepona, €2,156/week ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦
Mallorca mansion, Santa Margalida, €4,000/week
6 bedrooms Sleeps 12 4 bathrooms 5 toilets 450 m² living area 200 m² terrace 3000 m² garden Private pool Outside jacuzzi Wi-Fi Terrace furniture Sunbeds
10 bedrooms sleeps 20 9 bathrooms 600 m² living area 300 m² terrace Private pool Wi-Fi Balcony Patio Terrace furniture Satellite Fireplace Chapel
POPULAR: Marbella dwelling is the sixth most popular in the world, according to TripAdvisor
€3,000/week Villa Majestic, Casares Costa, €3,000/week ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦
5 bedrooms sleeps 12 4 bathrooms 1 toilet 600 m² living area 200 m² terrace 1050 m² garden Private pool Heated pool Wi-Fi Terrace furniture Air conditioning
€11,000/week Ibiza townhouse, Sant Josep, €11,000/week ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦ ♦♦
6 bedrooms sleeps 12 7 bathrooms 550 m² living area Private pool Wi-Fi Balcony Terrace Air conditioning Fireplace Barbecue Dvd player
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F O R
S HO PPI NG
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LOVERS
EXCLUSIVE COURTESIES:
10% REWARD
+ TAX
REFUND
For non-resident foreign visitors. Check in Store for other restrictions
DEPARTMENT S TORES SPAIN & PORTUGAL
Avenida de Andalucía, 4 y 6 . MÁLAGA
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www.inlandandalucia.com includes Videos - Google Street Maps Full Description - Chat Boxes
by our 2016 customer database survey of 10.500
VOTED BEST AND MOST INFORMATIVE WEBSITE
36 IV
SOLD
Castillo de Locubin, Jaen - TH3172
47.000€
Stunning 4 bed. Well maintained character townhouse over 4 floors with rear access and great views over countryside.
Canada de Pareja, Malaga - TH2793
79.500€
4 Bed, 2 Bath. Detached townhouse with garage. Quality materials used for construction. Central heating, large sun terrace off 2nd lounge. Just reduced by 10,000!
SOLD
Bobadilla Estacion - TH3209
54.950€
Moron de la Frontera, Sevilla - VL719
79.000€
163,000€
Humilladero, Malaga - VL746
68,000€
45,000€
Montillana, Granada - AP100
55,000€
3 Bed corner property town centre. Close to all amenities. Benefits from a large roof terrace with views.
Andalucian style villa, 3 Bed. Quiet location with gardens to chill out in. Amazing value, WAS 119,000!
SOLD
La Atalya, Malaga - TH3121
6 Bed 3 Bath. With large pool in quiet location with covered parking. Stunning views, Reduced to sell.
Montefrio, Granada - TH3376
4 Bed 2 Bath townhouse. Newly fitted kitchen and bathroom. In great condition with stunning views.
MALAGA OFFICE
Beautiful 2 Bed, 2 Bath bungalow. Close to the town centre and all amenities. Air-con and large storage area which would extend the accommodation.
Apartment block of 3. Reformed 2 beds with new bathrooms, floor tiles etc. Great investment opportunity. Just needs kitchens fitting. AMAZING opportunity!
JAEN OFFICE
tel: +34 952 74 15 25
tel: +34 953 58 70 40
Calle de la Villa 14, 29532, Mollina, Malaga info@inlandandalucia.com
Calle Abad Moya 4 bajo, 23680 Alcalá la Real, Jaén contact@inlandandalucia.com
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July 19th 2017
XXI
MORTGAGE THINK TANK by mortgage broker Tancrede de Pola
Steady wins the race Andalucia leads the pack in mortgage sales as Spain’s recovery takes firm and steady hold
A
NDALUCIA is leading the way in the Spanish mortgage stakes. It comes after the number of home mortgages granted to prospective buyers in Spain dropped by 11.4% in April when compared with the same month in 2016, according to Spain's Statistical Office (INE). A total of 21,163 home mortgages were granted in the fourth month of this year. Andalucia registered the most with a total of 4,467, followed by Madrid and Catalonia with 3,732 and 3,345 respectively. And while the number of mortgages dropped, their values increased. The average value stood at €112,834, rising by 5.4% when compared to April of last year. It comes as new data suggests the Spanish property market is avoiding a bubble and continuing to grow healthily, unlike pre-crisis where it was not unusual for (overseas) clients to buy multiple properties over the phone, sight unseen… clearly a recipe for disaster!
According to a recent Moody's report, the ratios of home sales are healthier now than those observed before the 2008 crisis. Caution is demonstrated by the banks when it comes to granting mortgage loans - now monthly cost must be covered three times by your net monthly salary and only 14% of loans granted reach 80% of the appraisal value (those only being for residents) - and this added to the strong adjustment in prices and the relative low level of transactions.
Meanwhile, mortgage lending as part of GDP has fallen dramatically, suggesting the mortgage bubble is deflating. The Spanish economy has gone from having outstanding mortgage loans equivalent to 100% of total GDP in 2009, the height of the economic crisis, to just to 59.29% last December. It makes Spain a safe and steady investment, and means if there was ever a time to invest, it’s probably now.
To contact Tancrede for all your mortgaging needs call: 666 709 743 or for insurance queries call: 951 203 540 Email: tdp@thefinanacebureau.com The Finance Bureau Centro Commercial Guadalmina, 2nOffice No. 7 Guadalmina, 29670
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July2017 - August 1st 2017 July 19th - 19th August 1st 2017
The costs of selling on the Costa, part 1
Find out about the costs you’ll have to cover before and after you find a buyer
Menorca making waves MENORCA’S property market is booming as the Balearics’ little brother flexes its muscles. The Mediterranean idyll, listed as a Unesco Biosphere zone in 1993, is famed for its spectacular countryside. Properties next to the beach or with a sea view have risen in value by 15% year-on-year. “Menorca reminds people of what the Mediterranean used to be like 40 years ago,” said Francisco Arnau of Engel & Völkers. “It’s relaxed and peaceful. Everyone knows each other and you can leave your keys in the car – no one cares.” Interest from French buyers has surged on the island, with one family recently snapping up Menorca’s most expensive property, an €11 million country estate. As the island’s property market motors on, Sothebys has decided to open an office in Mahon later this year. “Our contacts tell us that more and more wealthy families are moving to the island – they love the privacy combined with the interesting resident community,” said managing director Alejandra Vanoli. One local property expert, quantity surveyor Colin Guanaria from Menorca’s longest running estate agency, Bonnin Sanso, says prices in Menorca are ‘15-20%’ cheaper than in Mallorca.
A
lthough buyers are liable for the lion's share of the costs that arise from property sales in Spain, vendors do have to pay taxes and a number of other costs, both prior to putting a home on the market and on completion. In this article, we'll look at the costs you cannot avoid, while, in the next one, we'll see what deductions may be applied to mitigate taxes. The first thing is to get all your bills paid up to date. These include: municipal property tax (IBI); rubbish collection (basura), although, depending on where the property is, this may be included in the IBI; utilities; and, if the property is part of a community, community fees. You also need an energy efficiency certificate (Certificado de Eficiencia Energética, CEE). This must be issued by a registered technician and rates emissions and energy use on a scale from A to G. If the property is occupied for less than four months a year, you don't need a CEE, but do have to provide a written declaration. The average cost is €1.5/ m2, but can work out cheaper per m2 for larger properties. You now have everything you need to sell, so you may decide to work with an estate agent rather than go it alone. Most agents on the Costa del Sol, including Terra Meridiana, charge 5% of
the final sale price, plus 21% VAT. This may be negotiable, but should cover all costs of marketing your property, including listing, viewings, visits, and everything else to help it sell. And make sure you only agree to pay a fee if the property sells.
Sold
Once the property does sell, sellers are required to pay their taxes within 30 days after the signature of the public title deed (escritura). These are levied in accordance with the period of time a property has been owned, how much it has gained in value during that time, your fiscal status and residence, and the total amount of income you earn during the taxable period when your property is sold. The first is municipal capital gains tax (better known as plusvalía), which is paid to your local town council and calculated (based on the cadastral or rateable value) on the increase in the value of the land where the property stands. As a general rule, the longer you own a property, the more you pay. If you are not resident in Spain, buyers are obliged to retain the tax due on your behalf to avoid becoming liable for payment themselves. Spain's Constitutional Court recently ruled the law regulat-
ing how plusvalía is calculated null and void, stipulating that the tax can only be applied when the seller makes a profit. Nevertheless, some town councils continue to try to collect the tax, so we recommend you challenge any demand, if that is your case. The second is income tax (Impuesto sobre la Renta), paid to the Spanish Tax Agency and calculated on the difference between the price you paid (and costs arising from the purchase) and the sale price (less costs). If you're a resident in Spain, you pay income tax at a percentage that varies depending on your total earnings during the fiscal year. If you are not a resident, you pay a fixed rate of 19% of the taxable base if you reside in another European Union state and 24% if you are resident outside the EU. Again, buyers are required to retain 3% of the sale price on your behalf. Finally, if your property was mortgaged and you plan to pay off the outstanding loan when it is sold, most banks in Spain will charge a small commission. This usually is less than 1% and may be negotiable. To find out more about the in and outs of selling your property on the Costa del Sol, click here: http://www.terrameridiana.com/ blog/1011-selling-procedure.html
Terra Meridiana. 77 Calle Caridad, 29680 Estepona. Tel: +34 951 318480. Office Mob: +34 678 452109 Email: info@terrameridiana.com. http://www.terrameridiana.com
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CASARES
Wild villa on the top of Casares 3/4 bedrooms, 3 bathrooms, Built: 350 sqm, Plot: 25 000 sqm 1.390.000€
BARNES SOTOGRANDE CONFERENCE SUCCESS Barnes would like to share their success at the latest property conferences which took place in Geneva and Lyon during June. It was an opportunity for the agency to introduce the Sotogrande area, its beautiful surroundings, lifestyle and a selection of exclusive properties for sale to an international clientele, many of which were interested in visiting Sotogrande this summer to view a selection of the properties on offer. PLEASE, ORDER YOUR COPY
PARIS MONACO LONDON GENEVA LUGANO
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MOSCOW TEL AVIV NEW YORK LOS ANGELES MIAMI
Barnes International. Puerto de Sotogrande, Local comercial 12, Ed. B-2, SOTOGRANDE
Tel.: 956 115 671 www.barnes-international.com
MARRAKECH MAURITIUS ST BARTS FRANKFURT SOTOGRANDE