Olive Press Property Magazine May 2023

Page 1

Kick off your heels at Spain’s hottest new hotels

See page 6

roperty

Swiss salute!

A MAJOR global exhibition is to recognise the work of architectural giants Herzog & De Meuron, as they reach their 45th anniversary.

The Royal Academy show, in London, is exploring the Swiss pair’s incredible designs, with a healthy half dozen built in Spain. These include (from top left) the Barcelona Forum, Madrid’s CaixaForum and (main) the remarkable 2007 HQ of Spanish bank, BBVA. Since 1978 the pair have grafted on 600 projects, many yet to be built, including Jerez de la Frontera’s City of Flamenco.

See Partners in Design page 22

Golden Millionaire

SPAIN’S golden visa scheme is expected to survive… but it’s going to double in price.

While Portugal and Ireland recently scrapped their programmes, in Spain the visa scheme is expected to be extended.

Government sources indicate that only those investing €1million or more will be given a three-year residency permit.

A source told El Pais that the figure will be doubled from the current total of €500,000 invested in real estate or as an investment in a Spanish company.

Spain’sGoldenVisaschemetosurvive…butinvestmentthresholdlikelyto riseto€1millionanditcouldencouragespendinginless-populatedareas

It comes after left wing political party Mas Pais claimed that Spain’s Social Security Ministry had provisionally confirmed it was to scrap the scheme.

Leader Inigo Errejon claimed the scheme had led to a ‘brutal’ increase in house prices, adding: “Spanish citizenship cannot be bought”.

But the government was quick to deny his claims, insisting the ministry was actually looking at alternatives with suggestions from various political parties. One of these is to allow investment but only in less-populated areas or in socially beneficial projects. Introduced in 2013 in the wake of the Euro crisis, the scheme was intended as a means to re-inflate the housing market through foreign in-

vestment.

However, it has been frequently criticised for creating inflationary pressures and came under scrutiny for encouraging black money into the Spanish economy.

Currently, the scheme allows foreigners to obtain a three-year residence permit, extendable for another two, by investing at least €500,000 in real estate, excluding any mortgages. The mechanism also applies to in-

vestments of more than €1 million in deposits or shares of Spanish capital companies, or more than €2 million in government bonds. Certain desirable highly skilled professionals and family reunification cases are also eligible for this residency permit without investment.

In 2022, Spain granted 2,462 golden visas to property investors, an increase of nearly 60% from the previous year. Only a handful invested in companies or government bonds. Since the scheme began some 31,000 people have acquired a golden visa.

www.theolivepress.es P propertySpain’sbest maginEnglish May 2023

Super-rich buyers

ATOTAL of 8,995 foreign buyers spent €500,000 or more on Spanish property in 2022, which represented 10.1% of foreign demand, according to the latest annual report from the land registrars’ association. This is the result of a significant rise in foreign demand for highend property over the past three years. Having hovered around 5% to 6% between 2012 and 2019, it started climbing rapidly between 2020 and 2022. So the market share of wealthier buyers is growing fast.

Excluding markets of little interest

Percentage of foreign buyers spending €500,000 and up on Spanish property rose to 10% for the first time in 2022

to foreign investors (which made up less than 2% of the market between them), some 34% of properties in this category were in Andalucia, followed by the Balearics (24%) and Catalunya (18%).

In Andalucia 42% of buyers spending €500,000 or more came from outside the EU, including the UK, whilst in the Balearics, where German buyers dominate the foreign

market, the proportion fell to just 24%.

Buyers from outside the EU spending €500,000 of their own funds on Spanish property meet the investment criteria for applying for a Spanish Golden Visa.

Super-rich & superprime in Spain

This increase in the number of foreigners investing big sums of money comes at a time when Spain is firmly on the radar of super-rich global investors.

According to the Knight Frank Wealth Report 2023, Spain is the top destination for high-net-worth Europeans purchasing a new home, and the third destination for wealthy buyers from the Americas. Globally, Spain is in fourth place

behind the US, UK, and Australia, and ahead of France in fifth place. However, buyers will find a scarcity of product for sale in some segments at the very high-end, including the super-prime serviced-apartment segment that tends to appeal to so-called ultra-high-net-worth individuals, (or UHNWI for short).

As I found out when researching an article on super-prime serviced apartments in Spain compared to the UK, there is very little left on the market, and almost all of it is in Barcelona and Madrid.

“We are down to our last remaining full-floor apartment,” says David Rolt, Director of Francesc Macià 10 in Barcelona, the first project in this segment launched in Spain. “There is clearly international demand at the very high-end, but the pipeline of super-prime serviced-apart-

ments in Barcelona has nothing new coming in, so it won’t be long before high-end buyers can’t find what they are used to in cities like London and New York.”

The very high-end of the market in Spain, where buyers spend as much as €45 million on an apartment, is a tiny fraction of the segment of buyers spending €500,000 or more, but the growing market-share of wealthy foreign buyers is a reality that is captured by the latest market report by the land registrars, and supported by the Knight Frank report.

The wealthy tend to survive times of economic turbulence better than most, so it will be interesting to see if this growing appetite for Spanish property amongst wealthy foreign investors translates into another increase in market share in 2023.

Andalucia Country Houses Estate Agents,

Andalucia Country Houses Estate Agents, owned by mother and daughter team Karen and Victoria Pedrazzini. Karen has lived and worked in Andalucia in the property and hotel business since 1987, her years as an owner of a boutique hotel gives her a special brand of expertise when it comes to finding rural tourism business for clients. Victoria is a qualified architect with 15 years experience, registered in Spain and the UK. She has worked on high end projects in Spain and the UK. An invaluable person to have on your team if you are thinking of buying a renovation project.

owned by mother and daughter team Karen and Victoria Pedrazzini. Karen has lived and worked in Andalucia in the property and hotel business since 1987, her years as an owner of a boutique hotel gives her a special brand of expertise when it comes to finding rural tourism business for clients. Victoria is a qualified architect with 15 years experience, registered in Spain and the UK. She has worked on high end projects in Spain and the UK. An invaluable person to have on your team if you are thinking of buying a renovation project.

SELLING COUNTRY PROPERTIES SINCE THE LATE 1990’S

SELLING COUNTRY PROPERTIES SINCE THE LATE 1990’S

Always at your service!

Estacion Cortes De La Frontera

Picturesque and very spacious village house with private patio and swimming pool that has been restored to a high standard for the purpose of holiday rental. Tourist licence in place. Open plan living/dining room and spacious open plan kitchen, WC and utility room. Large 40m2 enclosed patio with a 6m2 swimming pool and storage room. Upper floor: 87m2. Two bedrooms, each with en suite bathroom and balconies overlooking the countryside beyond.

ref: ACHEST3 – 1145.000€

Cañada del Real Tesoro and indeed this is a little treasure!

Cañada del Real Tesoro and indeed this is a little treasure!

This tiny little hamlet built along the banks of the Rio Guardiaro is one of the prettiest little places to spend time.

This tiny little hamlet built along the banks of the Rio Guardiaro is one of the prettiest little places to spend time.

The meandering river is teaming with wildlife, there are natural swimming pools, places to kayak and fish and even a little purpose built Picnic area overlooking a little waterfall. Made up of just 2 main streets, this little village surprises with its range of activities and great community spirit. This is old time Andalucia, where no one locks doors and neighbours always pull together .

The meandering river is teaming with wildlife, there are natural swimming pools, places to kayak and fish and even a little purpose built Picnic area overlooking a little waterfall. Made up of just 2 main streets, this little village surprises with its range of activities and great community spirit. This is old time Andalucia, where no one locks doors and neighbours always pull together .

Cañada has its own railway station, 2 supermarkets, pharmacy and a couple of little bars and the well know Meson Pili y Alfonso for a proper meal!

Cañada has its own railway station, 2 supermarkets, pharmacy and a couple of little bars and the well know Meson Pili y Alfonso for a proper meal!

Popular as a weekend destination, an easy reach little village, just 12 mins from Gaucin and 5 mins from Cortes de la Frontera – A hidden gem without doubt !

Popular as a weekend destination, an easy reach little village, just 12 mins from Gaucin and 5 mins from Cortes de la Frontera – A hidden gem without doubt !

Estacion Cortes De La Frontera

A double fronted rennovated home overlooking the Guardiaro River. This spacious, light and airy home is an ideal property for semi or full time living. The house has been very well rennovated and benefits from double glazed hermatically sealed windows and exterior doors, a wood burning stove, two modern large bathrooms, ceramic terracotta tiling throughout the ground floor.

ref: ACH113 – 120.000€

We are always looking for new listings – IN HOT DEMAND: Country homes with swimming pools in the €400,000 - €600,000 region

PROPERTY MAY 2023 2
Mark Stucklin www.spanishpropertyinsight.com
BIG SPENDERS: Percentage of foreign buyers spending €500,000 or more on Spanish property
Andalucia Country Houses tel: +34 689 992 163 / +34 631 439 907 / +34 618 223 817 email: sales@andalucia-country-houses.com Avenida de Andalucia, Montejaque, Malaga www.andalucia-country-houses.com 2 bed • 2 bath • Build 150m2 • Plot 184m2 3 bed • 2 bath • Build 125m2 • Plot 75m2
Andalucia Country Houses tel: +34 689 992 163 / +34 631 439 907 / +34 618 223 817 email: sales@andalucia-country-houses.com Avenida de Andalucia, Montejaque, Malaga www.andalucia-country-houses.com 2 bed • 2 bath • Build 150m2 • Plot 184m2 3 bed • 2 bath • Build 125m2 • Plot 75m2
Picturesque and very spacious village house with private patio and swimming pool that has been restored to a high standard for the purpose of holiday rental. Tourist licence in place. Open plan living/dining room and spacious open plan kitchen, WC and utility room. Large 40m2 enclosed patio with a 6m2 swimming pool and storage room. Upper floor: 87m2. Two bedrooms, each with en suite bathroom and balconies overlooking the countryside beyond.
ref: ACHEST3 – 1145.000€ ref: ACH113
120.000€
Estacion
We are always looking for new listings – IN HOT DEMAND: Country homes with swimming pools in the €400,000 - €600,000 region Always at your service!
A double fronted rennovated home overlooking the Guardiaro River. This spacious, light and airy home is an ideal property for semi or full time living. The house has been very well rennovated and benefits from double glazed hermatically sealed windows and exterior doors, a wood burning stove, two modern large bathrooms, ceramic terracotta tiling throughout the ground floor.
Estacion
Cortes De La Frontera
Cortes De La Frontera

Rental robbery

SPANISH workers spent an average of 43% of their salary on rent in 2022.

This is a 3% increase on 2021 and 17% higher than a decade ago, according to a Fotocasa study.

It also came during a year when wages decreased overall by 0.7%. According to the report rent prices are the highest ever seen in the country.

And it is at its worst in the Baleares and Catalunya where people spend an alarming 58% of their earnings on rentals.

Valencia meanwhile sits at 42% and Andalucia at 38%.

Murcia is the third cheapest region where residents spend just 32% of their salary on rent.

Rental limits

A NEW housing law controlling rents and putting new limits on evictions has been passed.

The Senate now needs to ratify the bill that protects tenants from abusive rent rises, introducing a limit of 3% during 2024.

Among other changes, tenants will no longer have to pay an estate agent a fee when they sign a new contract, and only the landlord must pay.

Meanwhile large landlords will be considered as having five properties, down from 10, while eviction dates must be communicated to tenants in advance.

Tie-break victory

Tennisstar’sBalearicestatefinallysold aftertwodecadesof legalwranglings

IT was a mammoth five-setter that went down to one of the longest tie-breakers in Mallorcan history.

But, finally, after 17 years on the market, the rustic mansion of German tennis star Boris Becker has been sold. In one of the longest, most turbulent chapters in Spanish prop erty sales, a Ger man businessman has acquired the 13-bedroom es tate, near Arta. Even local star Rafa Nadal couldn’t have withstood the two decade onslaught Becker has taken over the property, that sits in 30 hectares and counts on, naturally, a tennis court, gym and sta bles.

According to a German newspaper the anonymous buyer got the

NEARLY 100 empty properties are being seized from their owners in Catalunya.

So far 70 flats are being expropriated from large property owners in a bid to create more council housing.

The apartments - located around the region, from Tarragona to Vic - will be converted to social housing in areas of high residential demand.

It comes after a law was passed by the Catalan Parliament in 2022 allowing lo-

property, Finca Son Coll, in an extremely good deal given its poor state or repair.

The 2,900msq property was effectively almost a ruin and had been squatted for a number of years by a group of German hip-

The new owner told Bild am Sonntag the property needed a ‘lot of work on it’.

“We filled up 150 rubbish bins when we bought the house,” he re-

The former Wimbledon star, who was jailed by a UK court over his bankruptcy

issues last year, bought Son Coll in 1997. But it wasn’t long before he got into trouble when in 2003 the Mallorca High Court ordered him to knock down a large part of it, which he failed to do, leading to a €500,000 fine.

Towel

Then throwing in the towel, he put it on the market for an initial €19m that quickly dropped to €15m by 2011. Eventually, as Becker’s debts mounted up a court ordered it to a public auction, valued at €8.5m, in 2012, with the star finally managing to

SEIZED FOR THE NEEDY

cal authorities to expropriate a home if it remained unoccupied for more than two years. Initially owners are being allowed to take action and rent out their homes, or to come up with a good excuse. Letters to the owners are going out this month and if no ‘acceptable’ answer is giv-

en, they will be expropriated. The regional government has set aside €5 million to buy an initial 50 to 70 flats at a fair rate.

“We are doing everything we can to help families in a vulnerable situation,” explained regional councillor Juli Fernandez.

come to an agreement with his creditors. However, just two years later, with the property then valued at just €7.2m, it was ordered once again to be auctioned over a €100,000 debt to his administrative and security team.

At the final hour, Becker got a stay of execution and put the property back on the market for €7m.

However, things went from bad to worse and in 2017 he was declared bankrupt in London and eventually sent to prison in 2022.

With the star declared insolvent a British private bank, Arbuthnot Latham, took over the rundown estate in 2019 and put it up for sale. But not before a group of squatters had moved in and, despite claims, allowed it to fall apart over a two year period.

The new property owner - described as a young entrepreneur - has spent some time redesigning the finca, which he plans to move into this summer.

THE government has approved a new measure to help young people buy their first home.

The ICO (Spain's Official Credit Institute) will act as a guarantor for up to 20% of a mortgage taken out by those aged 35 or under and families with children, only if the annual income is less than €37,800.

The €37,800 limit on income will double if the property is bought between two people and they ask for a joint mortgage. For those families with children under 18, there will be no age restrictions when asking the ICO to be a guarantor.

A government minister said the move was aimed at improving access to housing and could help up to 50,000 families.

Need more brickies

THERE is a major shortage of builders for the Spanish construction industry.

The average age of brickies is 50 and only 9% are under 30, compared to 27% who are over 50, revealed the Labour Construction Foundation (FLC).

And to make matters worse it is predicted that a third of the workforce will retire over the next 15 years, with nowhere near enough young builders to replace them.

“There is a lack of interest from youngsters,” explained a spokeswoman for Malaga’s Association of Builders and Promoters.

“They perceive it as unstable, physically tiring and even dangerous work,” she added.

This is despite a major modernisation of the industry over the last decade and the fact that builders rarely work at weekends and usually knock off at 3pm on a Friday.

The labour shortage is particularly acute for bricklayers, but also electricians, plumbers and plasterers.

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NEWOWNERS:Becker’sMallorcanestatehasfinallybeensoldafter 17 years on the market
Mortgage move

Sad end

AN anguished property owner jumped to his death from his apartment balcony because he could not afford to pay his mortgage.

The bachelor, 54, had received a court-ordered eviction notice from his town hall in Paiporta, Valencia. According to his neighbours he had stopped paying the mortgage years ago and had financial problems. While many of them helped him out financially as best they could and even provided him with meals, he struggled with the stress of the threat of repossession.

DOWNHILL MARCH

HOME sales fell by nearly 12% in March over last year’s Spanish figures.

According to the Council of Notaries there was a drop of 11.7% on March 2022.

It shows the trend that started late last year is continuing into 2023, blamed largely on higher interest rates and inflation.

The rise in the cost of living in Spain is affecting 59% of potential buyers, according to a study by Fotocasa property portal.

There is better news however, for the costas, with Valencia and An-

dalucia only showing drops of half the national average, while Galicia actually saw a 3.8% rise. Andalucia had a relatively minor decrease of 5.5% year-on-year, while the Valencia region sits at just 6%.

And when it comes to the actual coastal resorts, it is most likely to

Four Seasons far nearer

THE construction of a brand new Four Seasons hotel on the Costa del Sol is edg ing closer.

The start of the project in Marbella is understood to begin this summer after a €650 million investment was pledged by local business magnate Ricardo Arranz. The development in the Rio Real area is reported to be ‘creating up to 4,000 jobs’ during the construction period and around 770 permanent positions. While the first stone of the project was laid almost five years ago by the Junta’s then President Susana Diaz, no further steps were taken.

However, according to La Razon, sufficient investment has

now arrived to launch the project.

This week a source told the Olive Press that ‘things are inching forwards, but it is all very Four Seasons operates 119 hotels and resorts in 47 countries around the globe, with only one hotel so far in Spain, the breathtaking five-star establishment in central Madrid (left).

The second project will be far more ambitious being over 500,000 m2 in size with around one-kilometer of coastline.

The complex, designed by architect Richard Meier, will include a 165-room hotel, alongside 260 private residences and 40

luxury villas.

be ‘near parity’ insists one leading surveyor.

Malaga-based Campbell Ferguson told the Olive Press the costas are ‘holding up well’ and ‘probably bucking the trend’.

“The costas in general seem to be staying very busy, according to the dozens of agents I have spoken to,” said the boss of Survey Spain. “We are certainly at our busiest we have been for 20 years.”

It is also expected to provide an exclusive gastronomical experience, with high-quality restaurants led by well-known chefs.

Key investor Arranz is the owner of upmarket five-star Anantana Villa Padierna Spa, where famous guests have included Michelle Obama, Jennifer Lopez and Gwyneth Paltrow.

A spokesman at Villa Padierna insisted the hotel had ‘no connection’ to the new hotel. She declined to comment on the private affairs of Arranz.

Officially, 63,661 sales were concluded in March, making six consecutive months where deals have slowed down.

In January, transactions fell by 7.3% year-on-year nationwide, and in February they sank by 13.1%.

Industry experts believe that yearon-year falls will continue for the foreseeable future.

The notary report says that all regions of Spain reported falls with the exception of Galicia.

La Rioja reported a 38% drop while Madrid had a 23% drop and Catalunya 12.5%.

The annual drop was less in the Balearic Islands at 16%, while the Canary Islands saw a 17.3% drop.

Price changes in March meanwhile, were very uneven across Spain with prices up in the Canaries by 9.5%, but down in the Balearics by 6.1%.

Ten regions had price hikes as opposed to seven which had a decrease.

Another rising trend is the number of homes being bought without a mortgage, which now make up 58% of sales.

This is inevitably down to wealthier buyers, including investors, and especially non-Spaniards or those looking for a second home.

A HOTEL that once put up the likes of the Aga Khan, Prince Rainier of Monaco and Grace Kelly is set to return to its former glory. Marbella’s Incosol, which was officially opened by dictator Franco (right), in 1973, is set to get a massive €150m facelift.

The 50-year-old grand dame is being revamped by Ilanga Investments, who plan to have the hotel reopen as a five-star joint with 160 rooms in 2025. It will focus on the latest in health treatments, for which it became famous, before it shut during the economic crisis a decade ago.

PROPERTY MAY 2023 5
Howeverthecostasaregenerally‘holdingup’whenitcomes tonumberof purchasesplusanincreaseinrichbuyers
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JW MARRIOT, MADRID

Opened March, From around €400 a night

DESIGNED to offer a new standard of luxury in the capital, the JW Marriott chain opened its first hotel in Spain this Spring. Installed in the central Canalejas zone, between the Puerta del Sol and the Castellana, you are a hop, skip and jump from just about every Madrid site. It’s a striking entrance in Spain for the global US giant, which has gone for a very contemporary feel in its 139-room hotel.

The reception and dining area is dramatically lit with original iron columns

The amazing views from the guestroom terraces are particularly worthy of note, for their graphic black and white tile floors.

The El Patio garden is a charming oasis on the roof and the signing of leading Madrid chef Mario Sandoval bodes well.

www.marriott.com

WHERE TO KICK YOUR HEELS

From French shoe designer Louboutin’s Alentejo hideout to Branson’s soon-to-open UNESCO protected Mallorca estate, the Olive Press picks a Top 10 of new Iberian Peninsula hotels for 2023

WHEN it comes to the world’s best luxury hotels, Spain ticks many boxes. And the accommodation on offer just keeps getting better, particularly when it comes to architecture, with a host of hip new

hotels opening over the last year. Whether you are seeking rural tranquillity, a lively city break, a taste of history or a beach holiday, there is something for everyone. Here we take a look at 10 of the best new hotels in 2023…

CANFRANC ESTACION, HUESCA

Opened February 2023. From €159 a night

EXPERIENCE First Class accommodation at this former railway station. Sitting in the heart of the Pynenees, just seven kilometres to the French border, this stunning hotel is an architectural gem, both in its original design and recent reform. Opened in 1928 with a ceremony attended by King Alfonso XIII and president Gaston Doumergue, at the time it was a modernist masterstroke made of steel and concrete. Promising a route from Paris to Madrid and Lisbon, via Zaragoza, it was suitably grand (and long, at 241m in length).

But the Spanish Civil War ended any hopes of romanticism as the border shut and during World War II, Canfranc witnessed a wagon-load of arrests, espionage and gold trafficking across the border into Spain.

It became known as ‘the Titanic of the mountains’ particular after the station (and route) closed in 1970.

Thankfully after much tooing and froing it was acquired by the regional Aragon government and in 2017 work began on bringing it back to its former glory. In February its doors finally reopened with 103 rooms, care of the Spanish Barcelo group.

You enter the hotel via the grand, imposing central booking hall (right), with giant windows and views onto the Pyrenees. It sets the scene developed by Barcelona interior firm, ilmio, who have renovated the rooms to a high standard maximising the views.

www.barcelo.com

PROPERTY

VERMELHO HOTEL, MELIDES, PORTUGAL

Opened May 2023, from €278 a night in low season

THIS sleepy part of central Portugal was mostly overlooked for decades, until the nearby coastal strip of Comporta got globally fashionable a decade ago. While a little way south and inland, the Alentejo boutique hotel of shoe legend, Christian Louboutin (above), is by far THE style hotel of 2023 so far.

Opening this month, it is inspired by Louboutin’s ‘eclectic, maximalist and daring’ tastes. And that is all too clear, looking at the photos on the website, which champions, as much, its artisan designers and artists as its actual location or rooms.

The Parisian fashion legend fell in love with the region decades ago and has carefully gathered together the best of its authentic style.

This is the listed historic home he frequently locked himself away to work on his winter collection and, who knows, maybe inspired his famous red soles (top left).

It is very much a reflection of the region’s laid-back vibe and wonderful light and its 13 bedrooms are a riot of colourful details, including frescoes and unusual tiles. The Matinha suite, in particular, is out of the grand dreamy playbook of the kings of Sintra. While carefully preserving the building’s detailed architecture, the gardens are a step on, being designed by landscape specialist Louis Benech, who has even worked at the Gardens of Versailles. There is a natural heated swimming pool. Need we say more. www.vermelhohotel.com

CASA PALACIO PAREDES SAAVEDRA BY ATRIO, CACERES

Opened March 2023 From €1,139 a night

LIVE like a conquistador. The price for a junior suite may seem a touch high, but then you are staying in a five-star Renaissance palace with parts dating back to the 14th century. Caceres is one of the most charming towns in Extremadura, with the ancient streets reminders of the wealth that poured in from South America.

Its opening was a dream come true for Jose Polo and Tono Perez, famous for their three Michelin stars at the nearby Atrio Restaurant (also a hotel), in Caceres.

A further step into luxury, this architectural jewel is artfully placed in a key historic barrio of this wonderful city. The reception areas of the hotel follow ‘a simple, unified architectural canon in harmony with its surroundings’, and there is a distinct sense of tranquillity.

The beautiful courtyard has maintained its original columns and flagstone floors, while its suites are surprisingly modern, yet work with a range of original features from vaulted ceilings to Juliet windows.

At least the price includes breakfast and you can normally (one expects) get a booking in the nearby Atrio restaurant. www.restauranteatrio.com

GRAND HOTEL SON NET, PUIGPUNYENT, MALLORCA

Opened March 2023, From approx €615 a night in low season

IF grand, country estates are your thing, then Son Net takes some beating. Like an Italianate villa its grand proportions shelter some of the best appointed suites - and communal rooms - in all Europe. And this is no fusty, sit-on-their-laurels grand family sitting back and collecting tithes from the fortunate few. Son Net was taken over by Andalucia’s leading five-star delight, Finca Cortesin, last year. They know how to do luxury… and discreetly to boot. Far from worried about occupancy, they concentrate on amazing service (the sort where Santander bank’s Bo-

tin family can feel comfortable, dining next to the likes of Slash, from Guns & Roses or Peter Andre).

After a year of expensive renovation which carefully conserved its palatial design (stone floors, beams and arches, etc) it has recently emerged as a sophisticated retreat with classically elegant bedrooms and suites.

Nudging into the foothills of the Sierra Tramuntana mountains, the grounds are to lay back and be pampered beside the 30-metre pool flanked by private shaded cabanas, a phalanx of flower-beds and a vineyard and ecological vegetable garden.

www.sonnet.es

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HOTEL OD OCEAN DRIVE, MADRID

Opened 2022, from €200 a night

WHILE already open for nearly a year, the Olive Press has yet to write about the most recent opening from Mallorca’s hip OD chain. And the OD Ocean Drive hotel in Madrid doesn’t disappoint with this stylish, great value design hotel.

Cleverly slotting into a mid-price niche, right in the heart of Spain’s capital, the contemporary 72-room hotel is just 200m from the Royal Palace and almost the same to Puerta del Sol, Plaza Mayor and Gran Via.

In a rapidly developing barrio by the Opera house, it counts on a bright, inspirational reception area and lobby and a cool range of rooms, many with nice views across the square.

Best of all though is the rooftop pool and OD Sky Bar, which really comes to life in the evening, when guests sip on cocktails and canas.

www.od-hotels.com

LA FONDA HERITAGE, MARBELLA

Opened February, From €261 a night off season

ANOTHER first for Andalucia sees French brand gurus Relais & Chateaux open a stunning new boutique hotel in Marbella.

Following a giant € 7.5m refurb, La Fonda Heritage is a genuine journey through elegance and a lesson on how to conserve the best features of an ancient property. Indeed, the 16th century townhouse - one of the grandest in the resort - has maintained all its iconic features from the remarkable columns and arches to its pretty hydraulic tile floors. The French, of course, know a thing or two about style and it is no surprise this wonderful addition

Opening June 2023 from €338 per night

ALL inclusive luxury Greek resort group Ikos is opening its second hotel in Spain this summer.

Already going great guns with their hip resort in Estepona, the group is set to open a second retreat in Mallorca.

Tucked away in upmarket Cala d’Or away from the hordes, you will definitely relax enjoying the five a la carte restaurants, food hall concept and a whole range of sports and treatment activities. Best of all, kickback and head down to the nearby hidden beaches, which are among the best on the island.

www.ikosresorts.com

to the Marbella hotel scene has been included in the 580-property chain, that launched in Paris in 1954.

The Olive Press was particularly impressed with the walled garden (see below left) and use of palms and other trees in internal patios offering a cooling and green effect. The 20-room hotel’s restaurant, Jane, utilises the skills of well-travelled executive chef Pascal Silman, who’s worked under a series of French greats, including Roger Verge, Alain Ducasse and Michel Guerard.

www.lafondaheritagehotel.com

PROPERTY MAY 2023 8
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IKOS PORTO PETRO, MALLORCA

MALAGA | 1 BED | 1 BATH | 43 M2

REF: STRANDM6023 | PRICE: 230,000€

JAVIER ROSADO +34 623472148

MIRELA FUENTES +34 682 69 65 79

EXCEPTIONAL SERVICE FROM US TO YOU.

FUENGIROLA | 3 BEDS | 2 BATHS | 102 M2 REF: STRAND8513 | PRICE: 315,000€

CHARLOTTE GRUNDBERG: +34 695 30 26 87

MIJAS COSTA | 2 BEDS | 2 BATHS | 85 M2

REF: STRANDP5099 | PRICE: 271,000€

JORGE GONZÁLEZ: +34 653 80 06 72

MANUEL RODRÍGUEZ: +34 664 027 450

| 2 BEDS | 1 BATH | 70M2

|

FUENGIROLA | 3 BEDS | 2 BATHS | 175 M2

REF: STRAND1517 | PRICE: 619,000€

TIMO MAUNULA: +34 656 25 6626

MALAGA | 2 BEDS | 2 BATHS | 76 M2 REF: STRANDM9011 | PRICE: 430,000€ LOUIS ABADO: +34 670 417 031 FIA

+34 644 596 099

+34 631 93 25 27

MARBELLA | 6 BEDS | 5 BATHS | 593 M2

REF: STRANDP8011 | PRICE: 3,990,000€

ELENA MÄKINEN: +34 654 693 870

FUENGIROLA | 3 BEDS | 2 BATHS | 96 M2 REF: STRANDP2010 | PRICE: 1,095,000€

MAARIT HÄKKINEN: +34 631 80 36 62 NATASHA VALTONEN: +358 45 3544770

MARBELLA | 3 BEDS | 3 BATHS | 294 M2

| PRICE: 1,995,000€

ESTEPONA | 5 BEDS | 5 BATHS | 1235 M2

REF: STRAND6039 | PRICE: 4,900,000€

ANNA GVOZDEVA: +34 656 591 843

LA ZAGALETA | 10 BEDS | 10 BATHS | 2423 M2

STRANDP7017 | PRICE: 11,800,000€

+34 699 270 930

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

| STRAND.ES

INFO@STRAND.ES
REF: STRAND2443
SORIN MAILAT:
ANA TARAZONA:
672 726 220
+34 630 893 029
+34
REF: STRANDM4017
MARLÓ LÓPEZ:
TORROX | 4 BEDS | 3 BATHS | 203 M2 REF: STRANDM7568 | PRICE: 595,000€ CAROLINA
BENALMADENA
PRICE: 290,000€
+34 646 179 316
FLORES:
ADDICKS:
KAREN
REF:
OXLADE:

Open June 16, From approx €600 a night in September

WE first wrote about the incredible UNESCO heritage estate British tycoon Richard Branson owns in the north-west of Mallorca a few years back… and when he opened a couple of villas last year we expected the hotel to follow soon afterwards. Now, finally, after plenty of chopping and changing, the Son Bunyola Hotel will open with 26 rooms and suites next month.

The hotel is expected to be a new definition of luxury for the island, sitting in its incredible 1,300 acres of private land. On a rocky headland, enveloped by a pine forest, the privileged guests can be guaranteed peace and silence. It will count on two restaurants, an outdoor swimming pool and hot tub, as well as a spa.

www.virginlimitededition.com

YOU looking at me? You looking at me? Well you should be.

ned its latest palatial hotel and restaurant in the heart of Sevilla.

forgettable style-orientated experience in this most historic of

The five-star establishment has 23 luxurious rooms each offering a sanctuary of modern Japanese minimalism. Walnut wood-panelled suites have subtle furnishings and luxurious comfort detailing, from deep beds to ‘crisp high thread count linens’.

The Miyabi and Zen suites are particularly well appointed with their soothing cobalt and cream walls.

www.sevilla.nobuhotels.com

PROPERTY MAY 2023 10
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From page 20   Reliable, good-value Malaga construction company – Established in 2013 – Good references tel: 952 166 343 675 51 02 38 info@ari-contratas.com www.ari-contratas.com Calle Ronda, 3, Arriate, 29350, Malaga
A pleasure to work with a large number of foreigners along the Costa del Sol, Málaga city and the Serrania de Ronda
Vicente Compas
Director
SON BUNYOLA, BUNYOLA, MALLORCA NOBU HOTEL SEVILLA
DUE TO RAPID GROWTH WE URGENTLY NEED PROFESSIONAL BUILDERS MUST BE TRAINED AND WITH GOOD EXPERIENCE AND REFERENCES

The joy of living in Estepona

An avant-garde design that blends into the surroundings in a consolidated area that’s just minutes from the beach and the city center.

At Mesas Homes II, you’ll find the perfect home in the perfect place.

Spacious terraces

600m from the marina

900 11 00 22 • neinorhomes.com MESAS HOMES II
UNDER CONSTRUCTION
Swimming pool and gym Design

A TRUE RENAISSANCE STORY

Something is really rocking in Estepona in high end tourism, by every measure you can imagine, writes Olive Press Property Insider Adam Neale

IT was a statistic that you had to initially rub your eyes to believe.

But, according to official figures, Estepona has overtaken Marbella as mainland Spain’s most profitable hotel destination.

Now standing at an average price per room of €152, compared to €140 in Marbella, its RevPAR is only beaten by two destinations in Ibiza, San Josep and Eivissa.

A measure of profitability per room, the official report by Exceltur, furthermore showed that Estepona’s RevPAR income grew by 7.2% in 2022.

This is impressive growth and further proof that Estepona is starting to become the true gem on the Costa del Sol.

This isn’t the first time statistics have shown that Estepona is really knocking it out of the park in terms of quality tourism at local, highend hotels.

I wrote about this phenomenon last October on my blog.

At Terra Meridiana, we were excited and honoured to be involved in the development from the ground up of two boutique hotels near the waterfront, plus a third project where we were less involved, but nonetheless proud of our small contribution.

The consistent success of the tourist industry in Estepona reflects the momentum of investment that has been attracted into the local economy.

This has happened not only because of the beautiful old town and its spectacular beaches; it has also been a result of the last decade’s worth of ambitious, forward-thinking transformation of the resort.

Estepona has, quite simply, transformed from a sleepy fishing village into a bustling hub for tourists and property investors alike.

It has undergone a massive population growth spurt from 48,000 in 2003 to 74,000 today, a population increase of 56%.

By comparison, the higher profile resort of Marbella, right next door, has grown by just 29% in the same period.

Between 2021 and 2022 alone, Estepona’s population grew by 3.6%, which was almost three times the growth rate for Malaga province as a whole (1.3%), Spain’s fastest growing province.

It seems like Estepona is just gathering steam with each passing year and you can see this with the recent additions of the carbon-neutral town hall, plus the spectacular Mirador del Carmen with its art gallery linked to the Thyssen Museum in Malaga and Madrid.

Punching Above Its Weight

Estepona is also punching above its weight when it comes to home sales.

While all the major towns on the Costa del Sol recovered strongly after the Covid pandemic, Marbella’s sales numbers are just 47% greater than Estepona, though its population is 100% larger.

But, despite the attractiveness of Estepona it’s still a bargain compared to Marbella and some other hotspots on the Costa del Sol. While property values have seen strong growth in Estepona and weathered the pandemic well, they have not grown as fast as Marbella and are about the average for the province as a whole.

In fact, Marbella’s price per square metre averages €4,300, Estepona’s average price is just over €3,000/m2.

What’s The Secret To Success?

Situated in the sun-drenched Costa del Sol, Estepona’s renaissance is the result of its idyllic location, for certain.

But its natural advantages have also been coupled with proactive, pro-business local government policies.

Compared to 20 years ago, Estepona has seen a revitalization of its charming old town, and the development of new infrastructure.

This has included a wonderful pedestrian promenade along the beachfront and an expansion of attractive pedestrian-dedicated zones that have opened up the city to the sea. An excellent example of the forward thinking of local leaders in the community, both government, cultural and business is the previously mentioned Mirador, which just opened in April.

This is a stunning cultural and tourist spot with - apart from the art gallery - a library, music conservatory, au-

ditorium, exhibition hall and a restaurant with incredible sea views.

This beautiful facility overlooking the Mediterranean is a true testament to Estepona’s ongoing transformation into a modern, vibrant city. As these kinds of developments continue to improve and

beautify Estepona, it is almost certain that the city will go from strength to strength. If you’re thinking of moving to a place that has sun, sand, high quality lifestyle, strong economic fundamentals, excellent services and cultural facilities, packaged in eco-friendly development policies – Estepona is a great choice.

PROPERTY MAY 2023 12 Terra Meridiana, 77 Calle Caridad, Estepona • 29680 • Tel: +34 951 318480. Office Mob: +34 678 452109 Email: info@terrameridiana.com. Website: www.terrameridiana.com
ESTEPONA OLD TOWN REF TMRT11518 TOWNHOUSE FOR SALE IN A GATED COMMUNITY WITH PRIVATE PARKING AND STORAGE, ESTEPONA OLD TOWN 3 BEDROOMS 2 BATHROOMS 139 M2 BUILT 55 M2 PLOT €465,000 BAHIA DORADA REF TMRV11382 MAGNIFICENT BEACH SIDE VILLA WITH GUEST HOUSE AND SEA VIEWS FOR SALE IN BAHIA DORADA, ESTEPONA 4 BEDROOMS 4 BATHROOMS 242 M2 BUILT 422 M2 PLOT 60 M2 TERRACE €1,499,000 ESTEPONA REF TMXV11101 FABULOUS 5 BEDROOM, FIRST-LINE BEACH VILLA FOR SALE NEAR ESTEPONA CENTRE 6 BEDROOMS 5 BATHROOMS 479 M2 BUILT 2.893 M2 PLOT 200 M2 TERRACE €4,250,000 IMPROVEMENTS: To the promenade and (inset) a new town hall and cultural centre, as reported in our last issue ropertywww.theolivepress.es P propertySpain’sbest Englishmag------FOREIGN RUSH foreignersboostproperty ontop SLIM SHADY L------
The Property Insider by
Three fabulous properties we have for sale in Estepona right now Pick of the bunch…

FIRST CLASS

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T cascades down the hillside like a modern-day hangNestled in woodland overlooking the sea, it offers the dream lookout for nine wealthy owners looking for a quiet escape on Spain’s most exclusive island retreat. Designed by architect Jordi Herrero, its organic feel uses a mix of wood, glass and concrete, creating a visuThe Mallorca-based talent is already known for his iconBut Andratx Hills is something a little different.

The development overlooking Andratx port in southwest Mallorca, ‘boasts unparalleled luxury and charm’ while integrating seamlessly into its natural surroundings. Herrero was given free rein to unleash his creative genius, and no compromises were made in fulfilling his artistic ambitions.

Jordi Herrero’s organic design integrates seamlessly into its natural island surroundings

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A total of eight apartments and one villa have the highest specification, each with their own pool, gym, spa, wine cellar and cinema.

“All of them are designed to maximize the breath-taking views of Andratx and its harbour and they exude elegance and luxury, while providing the utmost in privacy,” explains Alby Euesden, of The Agency Mallorca, in charge of sales.

The US agency has a range of unique global listings including the Walt Disney Estate, The Playboy Mansion and The Private Residences of Four Seasons, in Los Angeles.

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FUENGIROLA

Very spacious and bright townhouse in very quiet position close to services, consisting of 2 double bedrooms, 2 ½ bathrooms, fully fitted spacious kitchen, lounge, terrace, solarium with open views, private parking space, community pool and garden. Ideal family home at this unbetable price!

Ref: 021L – 245.000 €

Fuengirola centre, fair ground area, bright spacious apartment close to shops, train, beach, restaurants, etc. Comprising of 3 bedrooms, 2 bathrooms, fully fitted kitchen, utility room, lounge and terrace. Community pool and great rental potential as well as perfect home!

Ref: 022L – 239.000 €

Fuengirola centre Puebla Lucia, beautiful apartment with great rental income with 1 double bedroom, bathroom, fully fitted kitchen, lounge leading to large terrace facing south west. Beautiful communal areas with gardens, swimming pools and parking area. Must be seen!

Ref: L017 – 225.000 €

Fuengirola sea front, very bright and sunny apartment with lateral sea views and views over the castle, ideal location to live all year round or rental income, quiet área close to all amenities and services.

Very cosy with 3 double bedrooms, 2 bathrooms, fully fitted kitchen, utility room, lounge and spacious sunny terraces. Great investment!

Ref: L010 – 399.000 €

Fuengirola centre Pueblo Lopez, beautiful, bright and spacious corner townhouse within this quite urbanisation in the town centre, south west facing it benefits from sun all day, comprising of 2 floors with a total of 140 m2 built plus 50 m2 patio, 2 bedrooms, 2 ½ bathrooms, kitchen, very large lounge and patio. Community parking, enclosed complex very secure. Worth visiting!

Ref: 052 – 399.000 €

Puebla Lucia, Fuengirola centre, spacious apartment in the best complex in Fuengirola, comprising of 2 double bedrooms, 2 bathrooms, fully fitted kitchen, utility room, lounge and terrace, excellent investment for rental income all year round, community pools, gardens and parking. Makes an excellent permanent or holiday home or rental income!

Ref: C140 – 280.000 €

Mijas Costa Cerros del Aguila, within beautiful and exclusive complex this garden apartment offers lots of space making an ideal home with beautiful communal areas and surroundings. Offering 3 bedrooms, 2 bathrooms, fully fitted kitchen, spacious lounge, large terrace leading to private garden with mountain views. Private parking. Ideal home and and great rental potential.

Ref: L002 –315.000 €

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. WE NEED PROPERTIES FOR KEEN CLIENTS WAITING TO BUY A HOME OR INVESTMENT PROPERTY. CONTACT US WITHOUT COMMITMENT AND WE WILL PROVIDE VERY INTERESTING AND USEFUL INFORMATION!

TEL: 952 664 966 INFO@IMPERIALESTATE.COM

WWW.IMPERIALESTATE.COM

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.
CENTRE FUENGIROLA CENTRE MIJAS COSTA, DOÑA ERMITA FUENGIROLA SEA FRONT FUENGIROLA CENTRE PUEBLA LUCIA MIJAS COSTA

IN an age of international style, global trends, and ‘one-size-fits-all’ interiors how can you create a stunningly stylish Iberian-flavoured home? How do you distinguish Calvia or Cadiz from California?

The simple answer is to shop local and enjoy all the associated environmental and cost benefits this brings.

Most notable among Spanish handicrafts are our textiles and ceramics, so let’s hit the road, and drop in on a couple of areas with the richest heritage of artisanal crafts.

Textiles

Our first stop is in the Alpujarra, on the slopes of the Sierra Nevada, where towns like Bubion and Capilera are a Mecca for textile-lovers.

Here you will find Hilacar, which still makes traditional fabrics (and offers weaving workshops) using traditional methods. Check its website.

Historically tejido Alpujarreño is most familiar as ‘cortinas de calle’ (or street curtains), but Alpujarreño textiles are

GO LOCAL

When it comes to textiles and ceramics, the Iberian Peninsula has a wealth of amazing producers, writes Julia Begbie

inexpensive and finding new design markets.

Where I live in Gaucin, the excellent local restaurant Platero & Co has crafted an excellent interior scheme around Hilacar fabrics (curtains, room dividers, and seat cushions), combining these with hessian and local natural materials for a distinctive solution that feels just right in our mountain village.

Meanwhile in Madrid, Eduardo Rodriguez Turel, proprietor of Eturel, showcases Alpujarreño fabrics alongside hessian and Canary Island stripes in an explosion of colourful contemporary chic. See his online shop for design and colour inspiration, and for high quality yet relatively inexpensive finished products, such as tablecloths, cushions, bags, and storage baskets.

Historically, the Iberian Peninsula has Berber shepherds to thank for the wool that feeds their mills; the Spanish town of Grazalema grew rich on the wool trade, and iconic Grazalema blankets sit well in traditional and contemporary interiors.

Visit Mantas de Grazalema to indulge a taste for the monochromatic.

Colour lovers meanwhile, should investigate the premium mohair blankets so beloved of Spanish children; the iconic brand Ezcaray – based in La Rioja and approaching its centenary celebrations - is world-famous for its sumptuous, soft and fluffy, jewel-coloured investment pieces, woven from the hair of Angora goats (above).

Over the border

Crossing the border into Portugal, our next

stop is Reguengos de Monsaraz, another hotspot of textile production and home to Fabricaal, a business combining tradition with bold contemporary vision. Fabricaal’s range includes fantastic rugs, and blankets, and the artefacts (bags, cushions, and stools) they create from the product of their looms.

Ceramics

The Iberian Peninsula is also justly famous for heritage ceramics and tiles in colours and patterns to give your home instant regional recognition and personality.

In Spain, the town of Nijar is to ceramics what Bubion is to textiles. Set the satnav for Avenida Federico García Lorca and browse stalls teetering with stacked pots and colourful plates. Chat to seventh-generation potters like Lorenzo Lores, the current custodian of family business Alfareria Angel y Loli

This family business has been operating since 1755, and Lorenzo still works with the most traditional brown, yellow, green, and blue slips and glazes (manganese, iron, copper, and cobalt, since you ask).

In Portugal, you might want to check out some of the excellent ceramics around the Sintra area.

Take our modernist new-build home in Gaucín, we have introduced contemporary Iberian ceramics to give a sense of location.

Our choice is Casa Cubista, a Portuguese brand that overlays simple designs on traditional base materials, and mixes well with old-style ceramics collected in nearby Morocco.

CHECKLIST:

HILACAR

www.jarapahilacar.com

PLATERO Y CO

www.platero-gaucin.com/es/

ETUREL

www.eturel.com

FABRICAAL www.fabricaal.com/en/

MANTAS DE GRAZALEMA

www.mantasdegrazalema.com

EZCARAY www.mantasezcaray.com

ALFARERIA ANGEL Y LOLI

www.instagram.com/alfarangelyloli

CASA CUBISTA www.casacubista.com

From a small sitting room to the hottest new restaurant, we will assist in creating your vision.

With over a decade of experience, based between Barcelona and London.

Curating a bespoke design plan using the best local and international artisans.

References and testimonials available.

hello@sedesigns.studio

www.sedesigns.studio

WhatsApp: (+44) 7775 782 418

PROPERTY MAY 2023 16
WARM AND WONDERFUL: Grazalema blankets are multi-purpose items BEST OF SPAIN: Shops include Casa Cubista, Alfareria Angel y Loli and Eturel

Se-designing

SHE may have come from a land down under, but Sara Eski is right on the cutting edge of modern design in Europe. Based out of Barcelona and London, her company SE Designs offers a bespoke, great value service to help you renovate, upgrade or totally rebuild any space you want.

Drawing inspiration from her surroundings her original ren-

distinct lifestyles and personalities of her individual clients. Both relaxed and sophisticated, her approach focuses on curating furniture and decor that elicit an emotional response.

Through a well worn process of online consultancy via normal or zoom calls, she guarantees to help clients through the complex and frequently fraught interior design process. Here, in the first of three example renders with mood boards, she offers up a few suggestions for a contemporary living room.

She explains: “Texture and feeling are something embedded within my design process, often in the form of an object or piece of furniture that ignites my creative flow, lining the foundation of the concept.

“In this example, I wanted to design a space that represented being present. A space that can be silent but also filled with personality, a space you get lost in or escape to.

“Through use of tonal textures, I have created interest within the smallest of details, allowing your eyes to wonder, but not tire. “From the cloud-like movement cascading up the walls, to organic shapes within the furniture, the two elements marry harmoniously.”

Visit

Danish Kitchens at Surprisingly Low Prices

MAY 2023 17 www.kvik.es
Kvik Marbella Av. Ricardo Soriano, 59 29601 Marbella marbella@malaga.kvik.es +34 951 51 92 20 Book a design meeting (online or in our store)
www.sedesigns.studio for more info
chair by Gubi 3. Kastrup (Closed on Sunday Edit) Rug by Henzel Studio 4. Ming's Heart Armchair by Poltrona Frau 5. Manon floor lamp by Heaps & Woods 6. Chimera side table's by Arketipo 7. Xtabay by Impotsible ceramics
As well as keeping a close eye on Spain, Sara Eski (left) offers up the most original, contemporary designs from around the world

GOING UNDERGROUND

EXTREME athlete, Beatriz Flamini (inset right), recently caught Spain’s attention by spending

500 days in a cave in Los Gauchos, near Motril.

Her idea was to write about the troglodyte lifestyle and attempt a world record for solo cave-dwelling.

Living 70 metres below earth, unable to differentiate between day from night, Beatriz journalled about living

in isolation.

It wasn’t glamorous. There were no mod cons, no bathroom facilities and she emerged on April 14 saying that she ‘needed a shower’. While being confined in a dark space isn’t everybody’s cup of tea, everyone can enjoy the benefits of living in caves, in smaller doses… particularly in the heat of summer, or ironically, little known to most people, in

the cold of winter. For cave houses maintain an all round annual temperature of between 14C and 19C degrees, which is decidedly cool in summer and liveable in winter, with a jumper.. In various parts of Andalucia, you can rent your very own cave, to test out the lifestyle.

The options range

from bijoux dwellings bedecked with traditional, Moorish-style soft furnishings to fully serviced ‘demi-caves’ (partially underground), and more luxurious hosted options with swimming pools and hot tubs.

Subterranean style might be a trend this summer!

Where are the caves?

You’ll find cave houses, cave hotels, and even cave restaurants in famous towns like Setenil de las Bodegas, in Cadiz, while many areas of Granada province, including Guadix, Orce, Huescar and Baza, also feature them. Meanwhile in the city of Granada, the Sacromonte area is famous for its cave homes, originally inhabited

LOOKING TO BUY?

CAVE houses can be a real bargain, and the good news is that there’s an option to suit every buyer’s budget.

Specialist agency, Rusticom, based in Baza, has sold over 1,000 caves to date.

For just €37,000 you can snap up a two bedroom rural cave home located outside the village of Los Laneros. This is furnished and includes a second, four-room cave next door for full renovation. (photo 1) Increase your budget to €65,000 and you can bag a cosy, mid-range cave house in Galera, Granada. (photo 2).

Getting towards the higher end, €150,000 will buy you a business

opportunity, with a cave to live inside, and another to rent out.

value-for-money you can get

in a cave house is incredible. The purchase price can be 20-30% less than for a standard build home and they make wonderful places to live.”

by gypsies. According to National Geographic, cave dwellings were first adopted by inhabitants of southern Spain to shelter from storms and predatory animals and, later, religious and racial persecution.

The idea of ‘shelter’ still applies today, with some people deliberately living off-radar in the caves of Sacromonte.

Some people were born in the caves and have remained there all their lives, sometimes cohabiting with animals.

Traditionally, cave houses were favoured by the Gitano community, as mentioned. Today people of various nationalities invest in them because of the low impact on the environment and cool (literally) vibe.

Pros and cons of cave living

PROS

9 Traditional cave areas, such as Sac- romonte, are steeped in history and tradition.

9 Being on the side of mountains, some of the cave neighbourhoods have stunning views.

9 Cool and tranquil.

9 Be a hobbit!

9 Resistant to earthquakes!

CONS

8 Some caves don’t have mobile phone coverage inside, although rental caves will provide WiFi for tourists.

8 Some cave rentals are a long walk from the nearest parking (especially in Sacromonte). This isn’t suitable for people with mobility problems.

8 You might have to walk uphill after vis- iting tourist attractions.

8 Not ideal if you’re claustrophobic.

Many cave-owners report a strong sense of community and heritage, not dissimilar to the houseboat community in the UK, or Amsterdam, say. Some older caves are decked out with flamenco memorabilia and are strongly linked with gypsy culture.

Why would I rent a cave?

While Flamini described her time underground as ‘excellent’, most of us would prefer a few mod-cons in our cave. A subterranean paradise has its own bathroom!

A big advantage of cave houses is that they maintain a cool temperature in the summer.

In winter, this drops to between 14 and 16 degrees, and for the coldest days, some caves are equipped with wood-burners and even central heating or underfloor heating.

With silent and dark bedrooms –traditionally without windows - caves encourage peaceful sleep. This is certainly a compelling reason to choose a cave over a ‘hostal’ or cheap hotel.

Especially in summer months, the city streets can be noisy. Even if your hotel room has double glazing, some light and noise pollution will creep through. Silence, in your cave, is golden.

One incredible cave hotel, in Orce, north Granada, has 12 bedrooms. The amazing retreat, Casas Cueva el Mirador de Orce (www.andandopo-

relmundo.com), run by a Frenchman, even has chandeliers in some rooms and provides a mean breakfast. Meanwhile, at Cuevas Al Jatib (www.aljatib.com) , near Baza, you will find the most stylish cave hotel imaginable with an amazing pool, giant, warren-like suites and even with its own restaurant, once selected by the Olive Press in its popular section, Dining Secrets of Andalucia Longer

stays?

The Olive Press spoke to Amelia Michaelson, a British cave-dweller of Sacromonte, who lives there permanently. She enjoys life underground. “It’s a great feeling, being inside the earth,” she explains. “A different kind of silence and a special, intimate space.”

She continues: “How much light you have depends on the size of the cave, where the windows and doors are positioned, and the material. The caves are all constructed with domed ceilings and archways, so they don't collapse. They must be ventilated, like any other house.” Her cav is handily located on the doorstep of Granada’s thriving tourist centre, just a 15-minute stroll from Plaza Nueva and the cathedral. There are guided tours of the main attractions in the caves of Sacromonte and tourists come from all areas, and many hikers and cyclists too. Lots of walking trails go from Sacromonte, up the valley, or across to the Alhambra area of Granada.

PROPERTY MAY 2023 18
With Spain facing rising temperatures from global warming, a cave house is a cool option to buy, rent or holiday writes Jo Chipchase
(photo 3) Nick Wachter of Rusticom advises: “The COSY: Cueva al Jatib and (top) Casas Cueva in Orce
1 2 3

952 147 834

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K

Situated on the Golden Mile itself, our prestigious office is located in the heart of the best properties in Marbella. Our exclusive portfolio features a range of exceptional properties, with our listings starting from one million euros and beyond.

1 3 5 0 0 0 0 0 € L A C E R Q U I L L A K R E 1 7 9 7 2 Magn ficent and modern mega front ine golf mansion in La Cerquilla Nueva Andalucia 6 Bedrooms 7 bathrooms 1 033 m built 2 342 m² plot 1 7 0 0 0 0 0 0 € C A S C A D A D E C A M O J A N K R E 1 7 9 4 6 Wonderfu ultra-modern luxury vi la with stunning views in Cascada de Camojan Marbe la Golden Mile 9 Bedrooms 9 bathrooms 1 200 m² built 3 088 m plot 9 9 9 5 0 0 0 € G U A D A L M I N A B A J A K R E 1 8 1 4 1 Luxurious beachside vil a with a large plot and a private spa in Guadalmina Baja, San Pedro de Alcantara 8 Bedrooms 8 bathrooms 2 007 m built 4 932 m² plot 6 7 5 0 0 0 0 € E L M A D R O Ñ A L K R E 1 4 8 4 1 Newly built villa with breathtaking sea views in El Madroñal Benahavis 5 Bedrooms 5 bathrooms 1 080 m² bui t 4 300 m² plot Avd Bulevar Príncipe Alfonso de Hohenlohe s/n Res dencia Casab anca Oficina 7 Golden Mile 29602 Marbella Málaga i n f o @ k e y r e a l e s t a t e s c o m ( + 3 4 ) 9 5 2 9 1 9 9 9 2 w w w k e y r e a l e s t a t e s c o m KEY IN YOUR HAND

EY Real Estate, a boutique agency nestled in the heart of Marbella, invites you to embark on a remarkable real estate journey on the sun-kissed shores of the Costa del Sol. We are not just another real estate agency; we are a dedicated team of passionate property professionals who go above and beyond to understand the unique needs and desires of our esteemed clients. Our boutique firm offers an extensive range of bespoke real estate services tailored to meet your every requirement. Drawing upon our eight years of experience in the industry, Key Real Estate has firmly established itself as a purveyor of premium and luxury properties.represent exudes an air of exclusivity and refinement.

Key Real Estate serves as the gateway to an extraordinary lifestyle, tailored to meet the expectations of business magnates, astute investors, and high-profile individuals alike.

As a family-run business led by sisters Olga and Luba Karakash, Key Real Estate upholds the timeless values of honesty, uniqueness, and people.

We believe in forging lasting relationships built on trust, providing an unparalleled level of personal service that ensures your real estate journey is seamless from beginning to end.

Our clientele attracts individuals from around the globe.

From the vibrant streets of the United States to the picturesque landscapes of Western Europe and beyond, our clients hail from diverse backgrounds, united by their shared pursuit of the extraordinary. Experience the pinnacle of luxury living with Key Real Estate in Marbella.

MAY 2023 19 Contact us today to access an unparalleled lifestyle of prestige and refinement on +34 952 919 992, email info@keyrealestates.com or visit www.keyrealestates.com

*Data extracted from process closure surveys after using our roadside assistance and breakdown services. TheOlivePress-256x170-MP0323.indd 1 8/3/23 13:15
From breathtaking villas with panoramic sea views to opulent penthouses that redefine grandeur, every property we
Epitome of Luxury Living with Key Real Estate in Marbella
Allow us to guide you towards a world where dreams become reality, and where each step you take brings you closer to the extraordinary.

CRAFT A FOCAL POINT

IF you are lucky enough to have a large garden that can accommodate your family and friends, there is one luxury addition that can take your outdoor space to the next level. Installing a bespoke wooden garden structure, like a gazebo or pergola, creates a beautifully crafted focal point and also a useful structure that can be enjoyed all year round.

Most of us have appreciated the tropical coolness, both temperature and style-wise, of a thatched roof on a sizzling hot Spanish summer day. Ideal for al-fresco dining, cooking or simply relaxing with friends, protected from the hot summer rays.

All year-round decoration

There are so many uses for a gazebo, from lounge, bar, kitchen, BBQ and dining room to poolside chill out area, that

How to get the most out of your gazebo all year round

the choice of decoration is almost infinite. As a free-standing structure with a thatch roof, a gazebo offers the perfect setting for outdoor relaxation and entertainment. It provides the feeling of privacy and comfort whilst still experiencing the outdoors.

Add value with extra space

Add value to your home, enjoy your outdoor space and save money! There is no denying that creating an additional outdoor room in your garden will add value to your home, and this is exactly what you are doing when you install a permanent wood gazebo in your garden.

There is nothing quite as liberating as adding an extra space, be it for entertaining, enjoying some alone time or connecting with nature.

Fire proofing your gazebo

The most efficient way to protect your wooden gazebo and thatch roofing, is by treating it with Cape Reed’s unique fire-retardant coating, Fireshield. The formula

has been created to significantly increase resistance to fire and complies with international fire-retardant coating standards.

High quality eco-friendly wooden structure

Whenever you purchase a Cape Reed gazebo, pergola or any other wooden struc -

ture, you are guaranteed that the design, supply and construction will be created using sustainable natural materials.

If you would like to find out more about Cape Reed’s gazebos, handcrafted furniture and other outdoor structures, get in touch at europe@ capereed.com

PROPERTY MAY 2023 20
For more information about Fireshield and Cape Reed SL please telephone on (+34) 951 77 54 95, email: europe@capereed.com or visit www.capereed.es

PARAÍSO MEDIO, ESTEPONA Ref: OP13930 Beds: 5 | Baths: 4

Built: 602 m² | Terraces: 109 m² | Plot: 2,200 m² | Price: € 3,200,000

Classic style villa located in a residential area surrounded by golf courses. A great renovation project that is walking distance to commercial areas.

LA QUINTA, BENAHAVÍS Ref: OP13272 Beds: 3 | Baths: 3

Built: 141 m² | Terraces: 66 m² | Price: € 995,000

THE EDGE, ESTEPONA Ref: OP12981 Beds: 3 | Baths: 3

Built: 158 m² | Terraces: 51 m² | Price: € 1,375,000

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

Built: 217 m² | Terraces: 33 m² | Price: € 765,000

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

MARBELLA Ref: OP13689 Beds: 4 | Baths: 3

Built: 147 m² | Terraces: 63 m² | Price: € 550,000

Offices at Puente Romano and opposite the Marbella Club hotel

TIME FOR A NEW BED?

The Bed Warehouse has you covered

ARE you missing the quality of UK brands and UK manufactured beds? Don’t want to pay transport costs? We’ve got it covered (with delivery as soon as the same day)!

At The Bed Warehouse we have over 40 years of experience in giving people the comfort they deserve at a price they can afford!

Having previously owned our own successful bed company in the UK in which we manufactured our own beds on site; with this in-depth knowledge, we can assist you in finding the ideal bed for you.

The Bed Warehouse has now been established in Spain and Portugal for 13 years and as well as supplying other retail shops, you can buy direct from the warehouse at unbeatable prices!

We specialise in bankrupt stock; supplying top name brands such as RELYON, SILENTNIGHT and JOHN LEWIS etc. at a fraction of the retail price.

We also manufacture beds ourselves, enabling you to ‘design your own bed’ with a wide range of colours, fabrics and headboards to choose from.

All of the beds are from the UK and follow standard UK sizes - specializing in Superking size. If you can imagine it, we can create it!

With the largest amount of stock on the coast, there is no need to wait! Delivery can be as soon as the same day!

We supply the retail shops, so cut out the middle-man and visit The Bed Warehouse directly to SAVE MONEY NOW - the comfort you deserve at a price you can afford!

For more information please contact +34 634 187 700, email: bedwarehousespain@hotmail.com or visit www.bedwarehousespain.com

Our showroom is located at Local 66-69, centro commercial El Zoco, Calahonda

in

As landmark London exhibition celebrates the 45th anniversary of global architects Herzog & de Meuron, Nadia McDonald takes a look at five mind-blowing Spanish designs

THEY have been working together since 1978 and grafted on a staggering 600 projects in 40 countries around the world. So it’s perhaps not surprising that a key British institution has chosen to honour the work of Jacques Herzog and Pierre de Meuron.

In a much anticipated show, London’s Royal Academy will present a detailed exhibition on 45 years of work of Swiss firm Herzog & de Meuron.

They’ve reimagined the nature of buildings, from houses to hospitals. And they’ve designed projects that have transformed cities, such as the Tate Modern, in London, Elbphilharmonie, in Hamburg, and M+ in Hong Kong.

The architectural wizards, based out of Basel, are among the most respected design duo of all time and fortunately Spain has been graced with their ‘architectural art’ in no less than five jaw-dropping feats. Here, we present them:

TEA, Tenerife Espacio de las Artes

Art is at the heart of the firm’s practice and the pair have designed multiple galleries and museums during their impressive tenure, including the Laban and Tate in London.

In Tenerife they headed up the design team for the Espacio de las Artes, a low lying and jagged dark concrete behemoth which from the outside appears windowless and imposing.

Walking through its courtyard, glass façades flood the building with light and on their opposing walls a series of morse code-like slits fragment the light in a scintillating dance as it bounces off the glossy flooring.

P h o n e : 9 5 2 9 2 3 5 2 0 w w w . s u r v e y s p a i n . c o m C u r r e n t M a r k e t V a l u a t i o n s B u i l d i n g C o n d i t i o n S u r v e y s N e w - b u i l d S n a g g i n g R e g u l a t e d b y R I C S PROPERTY MAY 2023 22
Partners
THE BED WAREHOUSE THE BED WAREHOUSE SHOWROOM: LOCAL 66-69, CENTRO COMMERCIAL EL ZOCO-CALAHONDA SEE A FULL RANGE OF STOCK IN OUR SHOWROOM IN CALAHONDA Tel Emma: (+34) 634 187 700 www.bedwarehousespain.com bedwarehouespain@hotmail.com SAVE 50% on FULL DIVAN BRAND NAME BEDS! BRITISH BEDS, SOFAS AND SOLID OAK FURNITURE With our extensive stock of UK brand name beds, we can deliver your perfect bed TOMORROW! The names you know and love with no drama or hassle. All sizes available, specialising in Super King size (180 x 200) THE LUXURY YOU DESERVE AT A PRICE YOU CAN AFFORD ESTEPONA CALAHONDA, EL ZOCO N-340 WEST COAST COAST N-340 EAST FUENGIROLA MALAGA THE BED WAREHOUSE DONA LOLA RESORT

Design

Forum 2004 Building and Plaza

A section of Barcelona’s cityscape that was once known as ‘no-man’s land’ was completely revitalised by the construction of the standout Forum of Cultures building. Its apparent gravity defying, material blending structure is shaped as an equilateral triangle. Deceptively, the colossal building appears to hover some 25 metres above the ground. The pair opted to use a deep

blue rough concrete as the predominant material, an ode to the coastal city, taking inspiration from coral reefs. Breaking up the concrete mass are shard-like windows that cut through the prism. Underneath, visitors can look up to wavy mirrors that emulate a sunlit sea.

SP ANISH ES TA TE AG EN T

EXPERIENCED • FRIENDLY • PROFESSIONAL Stroll along the new Avenida España in Estepona and call in for a coffee at our agency. We’re number 250. AVENIDA ESPAÑA 250 29680 ESTEPONA 0034 951 516 905 enquiries@thespanishestateagent THESPANISHESTATEAGENT.COM SELLING • We have international buyers for all types of property between Sotogrande and Marbella • Get in touch for a free appraisal and trusted advice • Award-winning marketing BUYING • View any property on the Costa del Sol through us • We’ll organise a property tour to match your wishlist • Got a question? Our local team has all the answers
THE 23

Burgos Bulevar

NOT limited to buildings, the company was chosen to design Burgos’s boulevard which runs along a disused railroad. Realising the inevitable expansion of the city, the architects wanted to create a space that was timeless, practical, green and unique.

The winding street gives prio-

CaixaForum Madrid

MADRID’S CaixaForum is an encounter of historical eras, blending the city’s industrial past with modern clean lines. The Swiss maestros were tasked with the building of a cultural space that would replace an old fire damaged power station. Given the protected status of the building, its industrial age façades had to be retained. So the team cleverly gutted the power station and elevated it above ground level, in what can only be described as an optical illusion.

The result is an incredible open air space held up by a central metal structure allowing visitors to enjoy some shade in an open air space next to Madrid’s famous Paseo del Prado.

Above, the historical body is crowned with brick coloured iron panels. Meanwhile, next to the forum, that also descends underground, is a wall of cascading foliage bringing together nature, history and modernism in one seamless sweep.

New Headquarters for BBVA

THE headquarters of Spain’s second largest bank, BBVA, was designed by the renowned pair back in 2007 and eventually got dubbed ‘the sail’. The BBVA City has a plaza in the middle from which the large reflective high rise emerges. The main attraction is its looming centrepiece which takes the form of a misshapen oval and is contrastingly surroun-

ded by the straight lines of three-storey office buildings. Windows have brise-soleils each uniquely positioned to allow light into the buildings while providing shade and privacy, the white panels against the reflective glass resemble a sailing regatta, which juxtaposes the business dealings of its internal workings.

rity to pedestrians incorporating wide footpaths dotted with central-park style benches and accessorised by shrubbery. Bus stops along the street resemble grounded spaceships while streetlights drop like dew from a crisscross of overhead power lines.

MALLORCA FOR FAMILIES

MALLORCA is attracting a growing number of people every year due to its continuously improving infrastructure, modern architecture, international schools, diverse culinary options and new business opportunities.

This is an audience from all over the world who want to live and work from an idyllic location with great weather and a relaxed lifestyle. One of the most

The new promenade and good schools are just two reasons to buy a luxury villa near Palma

exciting current developments here is the renovation of the front line Paseo Maritimo in Palma, which will be a larger promenade for pedestrians running along the seafront. The renovation will provide a more environmentally-friendly and convenient space for walkers, featuring more foliage, lots of trees and more space for restaurant terraces.

It will also reduce the number of cars in the area, making it more accessible for pedestrians.

This modernization of Palma will inevitably attract more tourists and boost the local economy, which is also leading to a better infrastructure around its

harbour areas and an increase in super yachts. Mallorca also has plenty of excellent international schools, which is another draw for fam-

ilies looking to relocate. Most of the top schools are growing and expanding the learning experience and have a proven track record of accessing the top universities worldwide.

The varied culinary scene is also a highlight, with new restaurants popping up all the time, serving cuisine from all over the world. This wide diversity, combined with the island’s natural beauty, makes it a great place to call home. This modern villa in Anchorage Hill in

Bendinat (left), is a prime example of an ideal family home. Offering sea views, a large swimming pool, spacious bedrooms and an open living area. Situated in the perfect location, close to all the amenities and supermarkets, and only ten minutes away from Palma or the motorway to reach the busy airport.

If you’re looking for a family villa closer to Palma, there are some new luxury designer villas in Bonanova (above) with sea views, ideally located a short walking distance to one of the renowned international schools, Queens College.

For more information on this and many more properties in The Agency’s portfolio, please visit www.theagencyre.com or telephone on +34 871 610 678

Mallorca is a thriving destination for anyone looking to enjoy the Mediterranean lifestyle. Families looking to relocate will find the island has everything they need, with excellent schools, great food, and a range of properties to suit all budgets. Contact us for more information.

PROPERTY

Refurbished villa with sea views and chance to be further developed for sale in La Cala de Mijas

CHECK out this property offered to you by Windsor Consultants located in La Cala de Mijas.

Property number 4284400 is one of the many fantastic properties that they have on offer.

The newly refurbished 3 bedroom and 3 bathroom villa boasts fabulous sea views on all levels, private garage parking and to

top it off its own private pool.

This property is a rare find indeed as it also has the possibility to be further developed, if needed, later down the line. The beach a short stroll away, as are all the local amenities that you need. This would make the perfect family home, or a fabulous second home on the Costa del Sol. This property is exclusive to Windsor Consultants.

Contact Adam and the team at Windsor today on 952 492 116 or +34 696 196 644 or look on line at www.windsorspain.com. Remember that property reference number of 4284400.

Windsor Consultants. Serving La Cala de Mijas since 1994.

A RARE FIND
www.windsorspain.com Tel: +34 952 492 116 WhatsApp: +34 696 199 644 or email adam@windsorspain.com or
office in the centre of La Cala
the Carrefour supermarket.
been matching people and property in La Cala for 30 years and need more properties for waiting clients. If you have a home to sell in and around La Cala de Mijas, call us today. LA CALA DE MIJAS STUDIO Distance from sea: 200m Amazing sea views LA CALA DE MIJAS 2 BEDROOM APARTMENT Distance from sea: 250m Refurbished and immaculately presented €115,000 LA CALA DE MIJAS 1 BEDROOM APARTMENT Distance from sea: 200m Small complex with low running costs EL CHAPARRAL 2 BEDROOM TOWNHOUSE Distance from sea: 8 minutes in car Parking and huge storage room included €149,950 €195,000 €234,950 THE HOME www.windsorspain.com Tel: +34 952 492 116 WhatsApp: or pop into our office in the centre of We’ve been matching people and property in La Cala If you have a home to sell in and LA CALA DE MIJAS STUDIO Distance from sea: 200m Amazing sea views LA CALA DE MIJAS 2 BEDROOM APARTMENT Distance from sea: 250m Refurbished and immaculately presented €115,000 €195,000
THE HOME OF LA CALA PROPERTY
pop into our
behind
We’ve

Judgesideswithsquatters

RIVAL pro and anti-squatting groups clashed in Barcelona after a judge denied a petition to have a group of squatters evicted. Riot police were present in Placa de la Bonanova to keep the groups apart.

Tension had been building in the upmarket neighbourhood for days as anti-squatter groups threatened to take action and pro-squatting groups mobilised in response.

In the end, there were over a dozen arrests, as the squatters were given a temporary stay of execution.

The dispute revolves around the buildings El Kubo and La Ruina, which have long been illegally occupied in the well-heeled La Bonanova neighbourhood.

One attempt to evict occupiers of El Kubo on March 23 was a failure after authorities deemed it could not be done safely. Minister of the Interior Joan Ignasi came down against the anti-squatting group ‘Desokupa’, labelling them ‘extremists’.

“A group of the extreme right will not decide or set the pace of when to do or stop doing something,” he said.

Keeping rents down

THE Spanish government has been negotiating a proposed housing law for years, and the deal that has been hammered out between parties has finally been announced. The governing Socialist Party and its junior coalition partner Unidas Podemos have been seeking a way to control rising rents even before they formed a government in early 2020. The legislation is now likely to be fasttracked and could even come into force before the local and regional elections are held across Spain on May 28.

Explainer: What will the government’s planned housing law mean for landlords and tenants?

The government lacks a working majority in the lower house of parliament, the Congress of Deputies, and must seek the support of smaller parties to pass new laws.

It was two of these parties which announced the deal: the Catalan Republican Left and EH Bildu, both nationalist parties in their respective regions of Catalunya and the Basque Country.

Here are the main points included in

the proposed legislation, and the political reaction to them.

Limit on rent rises

One of the main points of contention between the negotiating parties was the limit on rent rises that landlords can impose on their tenants. Previousble to contracts signed prior to the new law and that specified rent rises linked to inflation.

ly, these increases were linked to inflation. But currently, the limit is 2% a year, an exceptional measure put in place by the government due to the cost-of-living crisis prompted by rising prices. The new law states that in 2024 landlords will only be able to raise rents by a maximum of 3%, and that the following year a new, yet-to-bedefined system will be put in place, one that will ensure rent rises are lower than the inflation rate. This new rate will also be applica-

‘High rent zones’

The legislation will include new definitions for zonas tensionadas , or ‘high rent zones’, and in these areas rents will be regulated and capped. They will be defined as areas as small as districts where the average cost of rents or mortgages is 30% of the average household income, and where property prices or rents have risen three points higher than inflation over the past five years.

A council or a region can declare an area a high rent zone, which will then be revised three years later. If these administrations are in the hands of opposition parties such as the PP or Vox, however, they may opt not to do this given their rejection of the government’s plan. In fact, much of the ground covered by the new law is the responsibility of the regions, meaning the government cannot enforce the measures. It will, however, provide a legal framework for more progressive administrations – such as the Balearic

TOURIST APARTMENT BOOM AROUND SPAIN

THERE has been a giant 16% rise in tourist apartments in Spain in just one year.

A total of 306,136 are now registered across the country, or 1.2% of Spain’s total housing stock.

The largest number are in Andalucia, where 70,194 apartments are registered for tourism, half of those in Malaga.

In Valencia there are 49,950 and in the Balearics there are 25,393 rental properties as of March 1.

The numbers are now just shy of the figure of 321,500 tourist apartments that were for rent in early 2020.

In total, the apartments offer space for 1.54 million tourists.

Islands and Catalunya – who want to ease the burden of tenants and homeowners.

What makes a large landlord?

The legislation will make a change to the number of properties owned for someone to be considered a large landlord, down from 10 to five. When these landlords have tenants in highrent zones, they will be subject to a new index of rents they can charge. Small landlords, meanwhile, will benefit from tax breaks to ensure that it is in their interest to put an empty property on the rental market and thus encourage them to do so.

Estate agent costs

The new law establishes that new tenants will no longer have to pay an estate agent or property agency a fee when they sign a new rental contract. Currently, such businesses can charge both the new tenant and the landlord a fee on completion of the deal. If the new law passes, just the landlord will have to pay.

Advance warning for evictions

Another element of the proposed law is that the planned date for evictions must be communicated to the tenants in advance, rather than being sprung on them at an unexpected time. Critics of the law have pointed out, however, that such prior notice will make it easier for protests to be organised and measures to be taken to prevent evictions from taking place. What do the politicians say about the plan? Socialist Party leader and Prime Minister Pedro Sanchez said that the proposal was a ‘good law’ that would protect Spaniards’ ‘right to housing’. The plan was slammed, however, by the leader of the main opposition Popular Party, Alberto Nuñez Feijoo. He argued that ‘intervening in the market can cause a fall in supply of rental properties and a rise in prices as a consequence of there being fewer apartments, because owners are not willing to make them available to citizens’.

PROPERTY MAY 2023 26
PROTEST: In support of the squatted buildings

COST OF LIVING IN SPAIN DRAWS IN BRITISH GOLFERS

Spain’s low cost of living, compared with the UK (nearly 20% lower), is attracting both holidaymakers and fulltime residents, according to leading Spanish home builder Taylor Wimpey España

FIGURES from Numbeo show the cost of living in Spain is 18.3% lower than it is in the UK.

The annual consumer price inflation rate in Spain, meanwhile, stood at 4.1% in April 2023, compared to an eye-watering 10.1% in the UK.

The Numbeo figures show that major costs like property are considerably cheaper in Spain than in the UK.

A non-city centre apartment in Spain, for example, costs an average of €1,979.98 per square metre. In the UK, the equivalent property costs an average of £3,261.29 (€3,724.75) per square metre.

Many daily life costs are also lower.

A meal out in a mid-range restaurant costs €25 per person in Spain, compared to £27.50 (€31 approx) in the UK.

Savings on incidental expenses like this can quickly add up.

“There’s no escaping the fact that life is expensive these days, but Spain offers significantly better value than the UK right now,” explains Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

“This is encouraging many families to turn to Spain for their summer breaks, while some are also looking at the country as a more permanent place of residence.” Spain has long been popular as a location for second homeowners. Many families purchase a property to use for holidays with their children, as well as for a potential place to live during their later years.

As retirement and golf often go handin-hand, Spain’s wealth of golf properties attracts plenty of interest.

Golf is a key driver of tourism in Spain. According to research by the IE University from the Segovia, golf tourism generates nearly €11.2 billion per year for the country. The courses dotted along Spain’s southernmost coast draw in visitors from around the world – and there are plenty of properties to suit their varying needs when it comes to second homes.

Taylor Wimpey has a string of developments offering golf properties dotted along the Costa del Sol. Some of the best value can be found at Sunny Golf, where prices start from €245,000 plus IVA.

The bright, spacious apartments overlook the course at Estepona Golf, with some homes also enjoying sea views. Large terraces provide plenty of room for outdoor living, with communal gardens and pool available for owners’ exclusive use. Another option at Estepona Golf are the lovely, light-filled townhouses of Green Golf. Priced from €348,000 plus IVA, the homes all face south or southwest, enjoying panoramic views over the golf course and down to the sea.

The private gated community is home to 48 houses, all with three bedrooms, three bathrooms, open

plan living spaces and terraces with plenty of room for outdoor dining and relaxation. Communal gardens and on-site pools complete the offering. The first two phases of the development are already sold out, while the final phase is due for completion in October 2023.

For more information, please contact Taylor Wimpey España on 08000 121 020 or visit www. taylorwimpeyspain.com

If you reside outside of the UK, you will need to call 00 34 971 706 972. Please mention ‘the Olive Press’ when enquiring.

MAY 2023 27
BARGAINS: There are some great deals for golfers by Estepona Golf

SIMPLY STYLISH

Discover the Essence of Danish style kitchens with Kvik Marbella

“The harder we work, the luckier we are...” These words resonate deeply with Soren Christensen, the visionary behind Kvik, the leading provider of Danish-style kitchens in Spain. In just 12 months since opening his shop in Marbella, Soren's unwavering dedication has led to remarkable achievements for both himself and Kvik.

Embarking on a venture from scratch in southern Spain can be challenging, but Soren's perseverance has paid off. From humble beginnings with only two team members, Kvik Marbella has flourished into a thriving enterprise, boasting a team of 12 dedicated employees with more than 70 years of experience between them.

The accolades received by Kvik Marbella speak volumes about the company's commitment to excellence. Casa Decor, Spain's most esteemed event in interior design and trends, handpicked Kvik's latest kitchen masterpiece, Corisa. This prestigious selection exemplifies the allure of timeless Danish design in 2023. Soren exclaims, “Corisa showcases the evolving nature of Danish design and the freedom it offers. It's an exciting era for design, where diverse opinions can harmoniously coexist.”

“At Kvik Marbella, we believe in simplicity, functionality, and timelessness. Our Danish-style kitchens embody the essence of minimalism, combining clean lines and uncluttered aesthetics to create spaces that inspire and captivate.”

Kvik Marbella Av. Ricardo Soriano, 59 29601 Marbella marbella@malaga.kvik.es +34 951 51 92 20

With Kvik, customers have the freedom to design their own kitchen, customising every aspect to suit their unique preferences and lifestyle.

They understand that affordability is key, and that's why they take pride in offering remarkably low prices. Kvik Cocinas provides exceptional value without compromising on quality, ensuring that your dream kitchen becomes a reality without breaking the bank. Visit their showroom in Marbella today and immerse yourself in the world of Danish-style kitchens.

Let their knowledgeable team guide you through a vast range of options, providing expert advice and unmatched customer service. Experience the magic of Kvik Marbella, where Danish design meets Spanish charm, and turn your kitchen dreams into an extraordinary reality.

The Roques heights!

Exciting new Mijas development counts on 10 luxury

Danish Kitchens at Surprisingly Low Prices

clubhouse of El Chaparral golf club.

The villas will be built over two levels. The ground floor benefitting from two large entertainment areas, with a spacious living room with vaulted ceiling and fireplace on one side and a combined kitchen/ dining room on the other.

spacious laundry room.

The villas come standard with covered parking for 2 cars.

Optionally each buyer has the possibility to develop a spacious basement floor to accommodate more bedrooms, parking, storage or any other multi-purpose use.

“Anyone looking for a modern

villa should definitely come and meet us in one of our offices or get in touch so we can fill you in more on this amazing development,” says boss Pascal van der Woude.

“One of the villas is already under construction so we can take you around it!”

Start was set up by pals Pas-

cal van der Woude and Christopher Fogelberg over a decade ago. Their team is all fully-trained and between them speak 10 languages.

You can reach us on + 34 952 90 48 90 or e-mail: info@startgroup.com

PROPERTY MAY 2023 28
villas just 200
History, adventure and romance. That’s just the setting. Join us for a celebration of history, art, heritage and pageantry in a unique part of the world. Bring hearts, minds and souls www.visitgibraltar.gi With a UNESCO world heritage site offering 120,000 years of human history and only short drive from the Costa del Sol, enjoy the warmth of the British Gibraltarians and splash out VAT-free in Sterling. Gibraltar. Sun, sea and history served with a very British twist. A year of Cultur e ibraltar STREET PARTIES Heritage BRITISH Music Festivals Darts, Backgammon Championships Phoenician Empire Calentita THE ROCK The Moorish Castle Pillars of Hercules 100000 YEARS Neanderthal Settlements Jazz #VISITGIBRALTAR For further information call: Gibraltar Tourist Board +350 200 74950 Or to download a brochure go to: www.visitgibraltar.gi
Each buyer has the possibility to develop a spacious basement
www.kvik.es
Book a design meeting (online or in our store)
Visit the store at Av. Ricardo Soriano, 59, 29601 Marbella and book an appointment by calling +34 951 519 220 or via www.kvik.es/busca-una-tienda/kvik-marbella

DON’T ROCK THE BOAT

A thoroughly modern home respecting ancient features

AS any good architect will tell you… work with what you’ve got.

When Quadratmeta Studio was brought in to help develop this 19th century home in central Mallorca, its team knew exactly what to do. Known as Casa Roca, they worked with its rustic charm to maintain its authentic features. Respecting the 200 year old property, they kept its ancient stone walls and arches, while using high-quality local materials, such as Binissalem marble, for the countertops. Keeping with the Mallorcan traditions it feels timeless, yet also fresh at the same time.

The home, in Algaida, also counts on many mod cons, such as underfloor heating and a heated pool to add to the luxurious feel.

Does your property lack First Occupation License/Licence of First Occupancy?

Having a First Occupation Licence/Licence of First Occupancy

Will enable you to comply with current laws if you wish to rent your property short-term OR will improve your chances to close a sale if you wish to sell your property.

LPO Architects, in collaboration with Lawbird Legal Services S.L.P., can help you get this licence in record time. CALL OR WRITE TO US TODAY AND WE WILL GET BACK TO YOU WITHIN HOURS!

Did you know architects can now issue these licences? Avenida Ricardo Soriano 19, Marbella 29601

TEL: +34 952 86 1890 www.lpoarchitects.com

Lawbird is a firm of English speaking lawyers who specialise in property law, corporate law, litigation and immigration law. Whether you plan to buy a house, start a company or relocate to Spain, we offer a no-nonsense service to assist you.

Lawbird Legal Services Slp C.Ricardo Soriano, 19 29601 Marbella (Spain) TEL: +34 952 861 890 FAX: +34 952 861 695 gary.newsham@lawbird.com www.lawbird.com

info@lpoarchitects.com
PROPERTY MAY 2023 30
Reduced to 2,395,000€

Luxurious beachside villa with a large plot and a private spa in Guadalmina

San Pedro de Alcantara

Wonderful

1 3 . 5 0 0 . 0 0 0 € L A C E R Q U I L L A K R E 1 7 9 7 2
and
in La Cerquilla, Nueva Andalucia 6 Bedrooms • 7 bathrooms • 1 033 m² built • 2 342 m² plot 1 7 . 0 0 0 . 0 0 0 € C A S C A D A D E C A M O J A N K R E 1 7 9 4 6
Magnificent
modern mega frontline golf mansion
ultra-modern
Cascada
Camojan, Marbella Golden Mile 9 Bedrooms • 9 bathrooms • 1 200 m² built • 3 088 m² plot 9 9 9 5 0 0 0 € G U A D A L M I N A B A J A K R E 1 8 1 4 1
luxury villa with stunning views in
de
8 Bedrooms 8 bathrooms 2 007 m² built 4 932 m² plot 6 7 5 0 0 0 0 € E L M A D R O Ñ A L K R E 1 4 8 4 1
villa
El Madroñal, Benahavis 5 Bedrooms • 5 bathrooms • 1 080 m² built • 4 300 m² plot
Baja
Newly built
with breathtaking sea views in
i n f o @ k e y r e a l e s t a t e s c o m ( + 3 4 ) 9 5 2 9 1 9 9 9 2 w w w k e y r e a l e s t a t e s c o m
Avd Bulevar Príncipe Alfonso de Hohenlohe s/n, Residencial Casablanca, Oficina 7, Golden Mile, 29602 Marbella, Málaga

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