Property magazine - Issue 11 by Olive Press Newspaper Spain

Property www.theolivepress.es

olive press

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November 9th - November 22nd 2016

Spain Property Guides

November 9th - November 22nd 2016

Don’t get caught out when buying in Spain

Issue 11

Ex-Marbella planning boss in one of the biggest property fire sales in history

Foreign favourite OVER 70% of all the properties sold in Andalucia are in Malaga. Figures from January to July this year show there were 4,978 registered real estate transactions in Malaga, an increase of 16.9% on the same period in the previous year, accounting for 70% of sales in Andalucia. In the same period, the number of sales to foreigners in the whole of Andalucia rose by 18.9% year on year. The figures show the Costa del Sol is still by far the number one choice for foreign buyers.

Roca and rolling T

Real star’s house for rent

Page III

HE vast property portfolio of disgraced Marbella town planner Juan Antonio Roca has been put up for auction. From stately homes in central Sevilla to party pads in Ibiza, and from horse carriages to vintage wines, everything you can imagine a corrupt official to possess is now up for grabs. Roca has been forced to sell the items from behind bars to pay for his fines and civil liability responsibilities.

Marbella top pads

page IV

Up for grabs: Property X-XI

Region

Meanwhile, figures from the second quarter of 2016 show sales were up in all regions of Spain except Navarra and La Rioja, where they fell 20% and 2.7% respectively. They rose the most in the Balearics (28%) and Catalonia (25%). The overall picture, according to a report by the Notaries’ Association, is one of a stronger market in areas that benefit from foreign demand, like Madrid, the Mediterranean coast, and the islands. The figures confirm that Spain is heading towards a healthy recovery, with home sales in the whole of the country up 13.3% and house prices up 1.3%.

Di favourite set to reopen

page VIII

Rival to Zagaleta

page xII

Spain Property Guides

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20 20 November 9th - November 22nd

November 9th14th - November 22nd 2016 September - September 27th 2016

Restoration of Teba castle to recommence after a decade of neglect

Face-lift

toria - a Spanish TV series which features the battle of Teba. A project to give the structure a face lift was abandoned in 2008 at the onset of the global financial crisis. It planned to improve accessibility, undertake archeological investigation, consolidate the walls and generally improve the existing Malagueños will be hoping the renovation doesn’t draw structure. inspiration from a similar project in Cadiz earlier this year. The plans will The Castillo de Matrera, a ninth century national monunow be revitalised ment, was given a much-slated makeover by architect after Teba Town Carlos Quevado, who gave it a ‘modern twist’. Hall signed a conDespite its huge unpopularity, the project managed to tract with Yamur nab a prestigious global Architizer A+ award when it won Arquitectura - a the popular vote in the architecture and preservation catcompany which egory. REBUILD: Matrera specialises in restorations. EBA castle will finally be renovated after a €2 million project failed to take off almost a decade ago. La Estrella castle is spread over 25,000 square metres and is currently being used during the filming of Douglas, el Guardian de His-

Botched job

Roman revelation

Tel: +34 619 075 270 email: sales@kingofcotton.com www.kingofcotton.com Avenida Virgen del Rocío s/n, CP. 29670, San Pedro de Alcántara, Málaga

A ROMAN coin has revealed that one of Spain’s most emblematic monuments is younger than originally thought. The Segovia Aqueduct - a UNESCO World Heritage site - is now believed to have been built between 112 and 116 AD and not the previously thought 98 AD. The new date was confirmed after a minted coin from the same period was discovered during an analysis of archeological materials removed from an excavation carried out in 1998.

€300,000 Smurf town A TINY Malaga village which was painted blue for The Smurfs movies has announced it will invest €300,000 into its tourism industry. Juzcar, in the Serrania de Ronda, was first painted blue in 2011 after producers for the film selected the typically Andalucian pueblo blanco for the launch of their first installment. The modest town of 250 people, now known as the Pueblo Pitufo (Smurf Village), received a much needed boost to its local economy and has now decided to market itself as a tourist destination. The provincial government has announced a €300,000 scheme which includes creating more parking and better signage. Other installments will include an app that users can spot hidden Smurfs around the village with - similar to Pokemon Go - as well as a zip wire and urban aerial adventure park for children and adults. Júzcar was once a weekend destination for lovers of rural tourism, hiking and other activities such as climbing and ravining. The town now receives around 250 tourists per day from all over the world. The latest installment of the film franchise which was filmed in the town, Smurfs: The Lost Village, is penned for release next summer.

Rule breakers THOUSANDS of holiday rental homes in Malaga have failed to be registered since the new regulations came into force. Data released by the Junta has shown that of the 8,000 requests to register a property as ‘for tourist use’, 4,000 have met the requirements and been given their code number. However a study by the Malaga Tourism Department before the law came into force in May

estimated the number of holiday rentals advertised on the Costa del Sol to be 26,847 meaning thousands are choosing not to register. Marbella has seen the most apartments and villas registered as ‘property for tourist use’, listing 693 homes with capacity for 4,229. Torremolinos, however, which sees 40% of the coast’s tourist-related income, has registered just 197 homes with space for 866 people.

First in Spain with Designers Guild´s wall paint!

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Safe to buy FOR property hunters considering owning their dream holiday home in the sun, there are still so many reasons to look now, according to Mark Rickard at Smart Currency. Despite Brexit’s impact the sun is still shining on the Costa del Sol.

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November - November22nd 22nd2016 2016 November 9th9th - November

Live like Los Blancos

Lights, castle, action!

Footballer prepares to put his luxury Madrid pad on the rental market GAME OF THRONES has been filming at the Trujillo Castle in Extremadura. The hit fantasy TV series, which is filming across Spain, brought hundreds of extras to the Moorish site to originally film scenes in its picturesque courtyard. The castle was built between the 9th and 12th centuries and was constructed over the remains of a Muslim fortress. It has 17 square defence towers and has managed to preserve four of its gates. The significance of the scenes are not yet known. Season seven of Game of Thrones will hit TV screens next summer.

Here are eight great reasons to get actively hunting:

1. Agents are working harder for their buyers today as there are less dreamers in the marketplace. But tell them exactly what you want and stick to it, it’s easier for them as well. 2. Vendors who 'need' to sell will be more open to negotiate, as they are seeing less viewings. 3. The property market has stabilised, and so has the economy, despite political wobbles. 4. Leisure and living costs are almost half that of northern Europe 5. Mortgage deals at circa 2% if you wish to finance the property and LTV as high as 70%. 6. Great rental potential, especially during the summer months to holiday makers 7. The weather of course!! 8. Easily accessible - Frequency of flights into Malaga is second to none, you have Gibraltar as well ... in the winter a return can be under €100 Sterling is still subject to fluctuation, and weak. However, keep reminding yourself of the reasons for coming to Spain, (as above) and use your property Agents to negotiate the best deal for you, and Smart Currency Exchange will get the best exchange rate to match! Contact Smart Currency on 0808 163 0102

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NSETTLED Real Madrid star James Rodriguez is looking for tenants. The Colombian winger is reportedly putting his stunning Madrid mansion up for rent, as a January move to Manchester United draws closer. Ready to go on the market for an alleged €17,000 per month, the 850 square-metre property boasts seven bedrooms and eight bathrooms. With a host of famous neighbours - in-

LOAN DEAL: Footballer James rents out stunning home

cluding Real Madrid captain Cristiano Ronaldo - Rodriguez bought the ultramodern pad for around €4 million

Malaga monopoly

SOME 8,000 people in Malaga own more than a dozen properties each while a staggering 664 own more than 50. It means that 0.5% of the province’s population own

96,000 of its properties. The figures suggest the wealthiest individuals were able to monopolise the market after the 2008 crash while those at the lower end were forced to

sell their second or third homes. Overall, the new figures have shown strong progress in Malaga, which now boasts 300,000 property owners, up by almost 100,000 from 2006.

after moving to the Spanish capital in 2014. Located in Spain’s most expensive district Pozuelo de Alarcon, his house in the luxury La Finca resort is surrounded by natural forest. There is also a ten-car garage (fit for any footballer), a cinema room, gym and indoor and outdoor pool. Just 400 metres from Cristiano Ronaldo’s home, Rodriguez’s neighbours include Real Madrid legend Raul, current manager Zinedine Zidane and Brazilian World Cup winner Roberto Carlos. Therefore it is no surprise that 30 security cameras keep watch on the 189 properties.

The hills are alive PROPERTY sales in the hills of Andalucia are up by 20% on last year. Inland Andalucia, which sells homes away from the coast from Sevilla to Granada, even saw a 15% increase in October year-on-year. Unaffected by Brexit, the estate agent insists that house sales in rural Spain are continuing to grow unabated. Owner Graham Govier said: “Already this year we have sold 100 properties with an average value of €70,000 - that’s a €7.3 million turnover and a 20% increase on last year. “There seems to be no slowing down, regardless of Brexit fears and the weak sterling.”

PROPERTIES SELLING FAST AT THE SPANISH ESTATE AGENT ! Thinking of selling? Get in touch with The Spanish Estate Agent – the fastest growing agency on the Costa del Sol

Phone us now on +34 951 516 905 Come and meet our motivated and professional consultants at Avenida Espana 250, Estepona 29680. Or visit our website at www.thespanishestateagent.com Email info@thespanishestateagent.com

It’s your move!

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Property FOCUS

FOR SALE: Converted mill (right) with fountain

EHIND a towering forged iron gate, a stunning property steeped in centuries of history and Andalucian charm is ready for a new

owner. Tucked away in the beautiful village of Setenil in the Serrania de Ronda, Molino los Arcos has undergone a dramatic restoration. Bought by a Dutch couple in 2010, a six-year restoration project has turned the depleted, old watermill into one of the region’s most enviable properties. Used as a functioning mill in the 18th century, the property has been fully renovated into a luxurious villa. An original Roman aquaduct has been preserved to ensure the history of the seven-bedroom property retains its Andalucian essence. In fact, as estate agent Jacqueline den Uil from Realista Quality Properties, says ‘each and every detail has been taken care of’ to combine 21st century living

One in a mill-ion

Steeped in history dating back to Roman times, a former watermill has been transformed into a luxury villa

while preserving the property’s character. “Everything is in place to move in tomor-

row and let your dreams come true,” Jacqueline says. “Each and every detail has been taken care of. Even the bodega

is stocked. You only have to unlock the forged iron door and move in.” She adds: “With seven bedrooms and six bathrooms the mill is ideal for entertaining family and friends, or exploiting for business purposes. It could be easily turned into a lovely B&B, a venue for organising spectacular weddings, catering for private business meetings and presentations, or simply as a setting for wine tastings and cooking workshops.

Tranquility “The possibilities are endless.” On the market for €2.75 million, the property boasts three large fireplaces, a bodega and state-of-the-art kitchen. With central heating, fibre optic broadband and satellite TV already in place, the Molino is ready for its new owners to move in right away. A small river at the bottom of the property adds to the tranquility of the secluded home. Moverover, the grounds boast a vegetable garden and fruit trees, an outdoor pool, jeux de boules area and spa jacuzzi. And what’s more, the plots of land on either side of the property are also up for sale through the same agent. To schedule a viewing contact Realista Quality Properties on +34 618 818 945 or visit www.molinolosarcos.com

UNIQUE: Roman Archways (top left) huge kitchen (bottom left) and dining room

Contact Realista Quality Properties on +34 618 818 945 or visit www.molinolosarcos.com

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November 9th - November 22nd2016 2016 www.theolivepress.es November - November www.theolivepress.es September 14th -9th September 27th22nd 2016

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Taking care of business

Andalucia Development is keeping busy in the golf valley and in Nueva Andalucia ULF and the team at Andalucia Development are up to their eyes in business at this time of year. With the Costa del Sol seeing an explosion of growth over recent decades and the recovery of the crisis well underway, it's essential to speak to people who know their stuff to keep savvy. The small but very wellestablished Scandinavian team at Andalucia Development in Marbella has a wealth of experience in the Spanish and international real estate markets. Since the company was set up by Kjell Hessedahl, Ulf's father, back in 1981, it has been

perfectly poised to be part of the immense growth of Marbella and the surrounding areas. The multilingual team is a 'one-stop-shop' for your needs and can take care of all the details and bureaucratic hoops that are involved when buying or selling a house. Nurturing solid relationships with clients, lawyers, building and property management companies and many more over the years, their connections make the whole process of buying or selling a house as smooth as possible. Their goal: to make their customers feel as comfortable as possible throughout what can be a stressful process. They also secure all of the practical aftersale aspects so you don't have to worry about a thing. With an approachable, welcoming workforce for whom nothing is too much trouble, the team at Andalucia Development would love to see you. You can find them in Centro Plaza, Local 63, Nueva Andalucia, Marbella. Call them on 952 816 250 or email info@andadev. com

GIBRALTAR property development has scooped a top international award. West One (Gibraltar) Limited was named in the Residential High Rise Development category at the European Property Awards hosted in London’s Grosvenor Square. A global panel of property experts chaired by Lord Best crowned the development, with its 96 residential apartments, one floor of offices and a ground floor of restaurants selling out in record-breaking four days. West One owner and chairman Evgeny Cherepakhov, said he was ‘taken aback’ at the project’s success. “We put considerable effort into designing a development which Gibraltar needed and suited the local area,” he said. “We are now working even harder on Eurocity, the adjacent development. Hopefully we can bring a further accolade to Gibraltar." Mike Nicholls, the managing director of Chestertons Gibraltar, attended the award ceremony at Marriott Hotel. "This is very good news for the developer, for us, for our clients who bought all the apartments in just four days and for Gibraltar itself,” he said. “We are proud to serve as an independent development consultant, not associated with any developer by any connection at all, just there on merit. We now look forward to Eurocity."

Go West!

Record-breaking Gibraltar development wins award for its high-rise project

Five-star awards GIBRALTAR-BASED real estate investment company Fairhomes Group have won two five-star awards at London’s European Property Awards. The firm walked away with the prizes for best residential high-rise development and best marketing for Ocean Spa Plaza. The 125 luxury apartments, in an eco-

friendly building sold out in 36 hours. Hospitality & Leisure Asia Sdn. Bhd won a five-star award for its outstanding interior design work on the Sunborn Luxury Yacht Hotel docked at Ocean Village. Bentley Investments also won a highly commended award in the residential high-rise category for West One.

Ideal for Hotel / Restaurant / Camping Van’s, etc. 38 Hct., 5 min main road, 15 min autovia Sotogrande - Estepona beach! Lots of water, plus river, electricity. Old farmhouse to renovate. Plans available with Townhall apr. Experienced working team, honest pricing, available. Must be viewed!

More information call or email: Margarita, tel. 952 11 74 51 / margaritaftaylor@hotmail.com

Or Peter, mob. 670 01 52 02

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From as little as €50, Housers crowdfunding platform can create and manage your own property portfolio - with ‘interesting’ results 1. What is crowdfunding? Crowdfunding is a way of raising finance by asking a large number of people for small amounts of money. Until recently, financing a business, project or venture involved asking a few people for large sums of money. Crowdfunding switches this idea around, using the internet to talk to thousands – if not millions – of potential funders. Typically, those seeking funds will set up a profile of their project on a website, such as those run by our members. They can then use social media, alongside traditional networks of friends, family and work acquaintances, to raise money.

November - November 22nd2016 2016 November 9th9th - November 22nd

Safe as Housers

€50, and in up to as many properties as they like.

4. How do you choose the properties? We carefully check each property for

profitability, rentability and revaluation perspective.

5. Why should people choose this way to invest? It allows them to diversify their investment, thus reducing the risks.

3. In what way is real estate crowdfunding and Housers different? In

CROWDED HOUSE: Fighting fund

regular real-estate investment, your money is invested in either one or a very few properties and you need large amounts to be able to participate in this market. Via Housers, everybody can participate in the real estate market for a minimum investment of just

7. How much does it cost to invest?

Nothing. Signing up is free, as is your Housers account. This is a segregated account in an independent financial institution, ensuring that your money is safe while waiting to be invested in the properties published on our web. 8. How do people make money? Housers make money every month when dividends are paid, based on the rental income of each property; or, when the projected sales price is reached, they also share in the capital gains that the property has generated.

9. Please share with us anything that you think has contributed to the success of Housers: Making available to

2. What or who led you to real estate crowdfunding? The changing real estate

cycle in Spain has created new opportunities. In 2014, prices stabilised while 2015 and 2016 have shown recovery in terms of both price and demand. We want to democratise this recovering market and crowdfunding is the perfect way to do that.

VII25

Because Housers manages the whole process, from purchase to lease to sale, the customer doesn’t have to worry about paperwork, tenants etc.

6. Who should be visiting Housers website and why? Anyone who wants to

invest in their financial future at low risk and with more benefits than the current low interest rates offered by banks.

everyone something that used to be the preserve of the wealthy - imaginative portfolio investment in real estate. Everything is done via an easy online platform, with no paperwork hassle or daily management for users.

10. Is there anything else you’d like to share with our listeners/readers?

Housers brings the investment power to the people! Now everyone can be a landlord and create a heritage for the future.

For more information visit WWW.HOUSERS.COM

pUT YOUR SaVINgS TO wORk. INVEST ThEM IN REaL ESTaTE. ■ Now, everyone can invest in Real Estate. ■ Our crowdfunding platform gives you complete control and

freedom of choice.

■ Investing in properties via Housers is low risk with high returns. ■ More than 28,000 users already have trust in us. If you are one

of them, invite your friends and each of you will receive 25€.

■ Investors have already pledged more than 12 Million Euros!

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Investment power to the people!

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TOP HOTEL: Byblos reopens doors to stars

A star is reborn

Princess Diana’s favourite costa hotel to make a glittering comeback as Lord Sugar bows out

FAMOUS FACES: (Clockwise from right) Princess Di; Banderas; Sugar;

HE iconic Byblos hotel in Mijas is set to reopen its doors to a new A-list crowd after being sold for €60 million. The erstwhile upscale holiday hideaway of royalty and rock gods has been closed since 2010. Since then its owner, UK business tycoon Lord Alan Sugar, has been embroiled in a lengthy legal wrangle with troubled developer Aifos. But after finally settling, Madrid-based Ayco Inmobiliaria snapped up the 135room hotel this September and has vowed

to reopen it ‘within the next few months’, creating some 300 new jobs. The blue and white building, which attracted the world’s elite from day one of its 1986 opening, will be refurbished in a way that stays true to its original character. Princess Diana stayed no less than three times at this leafy enclave in the hills above Fuengirola, where she was famously photographed topless by paparazzi. It was the first place she spent the night during her debut visit to the Costa del Sol in 1993, the same year she announced her withdrawal from public life following the

revelations of her relationship with playboy James Hewitt. And Diana wasn’t the only blue-blooded guest. The Saudi royal family, who come to the Costa del Sol every summer to escape the Middle East’s crippling heat, repeatedly chose the Byblos as their preferred retreat. The Rolling Stones, too, found satisfaction in its peace and seclusion. Massive fans of Spain, the Stones were the first foreign band to perform in the country in 1976, following the fall of Franco. They went on to perform 21 sell-out concerts across the country, choosing to wind down at the Byblos when performing in the south. The hotel was also a firm favourite with Spanish household names, including Malagueño actor turned Hollywood star Antonio Banderas and singing legend Julio Iglesias.

Attraction

ROCKING VISIT: The Stones loved staying at Byblos, as did Banderas (right)

It is hoped the hotel’s star-studded history will help counter the Costa’s biggest problem - seasonality. As Mijas Mayor Juan Carlos Maldonado explained, the Byblos brand of health, family, gastronomic and golf tourism will help make the hotel a year-round attraction. And with the refurb firmly in the hands Ayco, which has a long history of developing quality investments, it’s only a matter of time before A-listers are flocking back to enjoy a hotel fit for a princess.

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LOMAS DEL MARBELLA CLUB

Great location and value!

EL MADROÑAL

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Ref: OP9522 4-bedroom Andalusian-style villa on the Golden Mile offering privacy, located within a 5 minutes’ drive to Puerto Banús and a short walk to the Puente Romano Hotel and the beach!

NAGÜELES

Ref: OP9341

3-bedroom villa plus 1-bedroom independent Built: 478 m² apartment. Amazing views. Sought-after area with Plot: 5,000 m² 24-hr security. 5-minute drive to Puerto Banús. Price: € 1,695,000

GOLDEN MILE

November 9th - November 22nd 2016 November September 9th14th - November - September 22nd 27th 2016 2016

Delightful, fully renovated 3-bedroom townhouse. Ideally located, walking distance to all amenities and the beach.

Ref: OP8870

Charming 4-bedroom Andalusian-style villa. Sea and mountain views. Mature garden with pool. Short drive to Puerto Banús and Marbella centre.

GOLDEN MILE

Ref: OP9510 Built: 197 m² Plot: 223 m² Price: € 595,000

Built: 326 m² Plot: 1,570 m² Price: € 1,695,000

Built: 149 m² Plot: 1,811 m² Price: € 895,000

Ref: OP9361

Luxurious 1-bedroom, modern garden flat in Imara, a 5-star complex with 24-hr security and a few minutes’ drive to the sea & town. Top specs.

Built: 108 m² including terraces Price: € 550,000

Offices at the Puente Romano Hotel & opposite the Marbella Club Hotel Tel. (+34) 952 863 750 info@panorama.es www.panorama.es An International Associate of Savills

Regulated by RICS

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Ibiza party pad

Bijou bolthole

Dream duplex

What property portfolio is complete without a party pad in Ibiza? This first-floor property near the revellers’ hotspot of Talamanca beach features three bedrooms, a kitchen, three bathrooms, two communal pools and north- and south-facing balconies for watching the sun rise and set.

One always needs a third home for playing a round or two and this more modestly-priced duplex apartment in prestigious Golf Rio Real suits the purpose to a tee, with three bedrooms, three bathrooms, an outdoor pool and garage.

Roca’s second Marbella asset, a sprawling peal to the sporty sort. It’s just a couple of beach and has access to two squash cour pool and gym.

As the ill-gotten gains of Marbella’s disgraced town planning advisor go under the hammer, Laurence Dollimore takes a peek at what’s up for grabs

IS name is not Rockefeller but the riches amassed by Juan Antonio Roca during his dodgy dealings in office tot up to a small fortune worthy of America’s super-rich family. And now everything must go – the vast portfolio of palatial properties, the Mercedes cars, boats and thoroughbred horses, the prestige watches, the armoury of guns and even the Picasso.

Marbella pad Set in the exclusive gated community of Residential La Alzambra, five minutes stroll from glitzy Puerto Banus, this detached four-bedroom villa boasts a private pool and spacious gardens. Throw in seven bathrooms, 24-hour security and a garage to fit several Mercedes and what more could you want?

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oca iches Marbella’s discredited ex-town planning advisor, who has been languishing in jail for more than 10 years, has been forced to sell off his assets to pay his fines and civil liability responsibilities. Roca was convicted of being the ringleader of the Malaya Plot, which saw 53 officials across dozens of Andalucian municipalities tried for embezzlement of public funds, breaches of trust, influence peddling and more.

So numerous are hi sions that a website ha up to list and take bids items. It most recently fer on Roca’s ‘crown j 82-hectare agricultur named La Loma. Valued at €27.5 million erty includes a 10-bedr sion with nine bathroo kitchens, a gym and Now feast your eyes o of his fortune.

Sevilla mansion First built for the family of the great Sevilla architect, Don Anibal Gonzalez, this stunning 1930s mansion lords it over the city’s swanky Avenida de la Palmera. With four bedrooms and three bathrooms spread over three floors, perks include a courtyard garden and a lookout tower ... for keeping an eye out for police raids, perhaps...

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Mallorca villa Cala D’Or is where the elite stay on this holiday island and Roca was cer-

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Isabel Isabel and and Alex Alex will will be be at at A A Place Place in in the the Sun Sun Live Live to to answer answer all your Spanish property buying questions... all your Spanish property buying questions... ...Our ...Our sixth sixth year year running running at at A A Place Place in in the the Sun Sun Live! Live!

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Not looking to broaden your property portfolio? How about a new gun? Or perhaps a vintage car or young stallion? These are just some of the other assets and collectables that Roca won’t be needing behind bars and which could be yours. Visit http://www.ventadebienesmalaya-roca.com to browse.

Berretta pistol – €500 Part of an armoury Roca kept for hunting, shooting and, perhaps, protecting his worldly goods, this 9mm caliber Cougar pistol is a bargain at €500. Forged in the finest stainless steel, it’s a double-action semiautomatic with a rotary barrel locking system.

Thoroughbred horses – €5,000-€7,000 apiece Even the horses are up for sale, such as this Spanish purebred, which could be yours for €7,000. More than 10 horses

are listed on the site, all of which have been registered with the National Association of Breeders of Purebred Spanish Horses.

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Created by the great Spanish master in 1953, this ceramic pitcher even has a name: Femme du barbu (Bearded Woman). At this price it seems like a steal (and technically, it was).

Wine cellar – €280,000 If vino is your favourite tipple you’re going to love working your way through Roca’s superb vintage collection which includes noble names like Chateau Lafite, Chateau Mouton Rothschild, Vega Sicilia and Petrus. To view the contents of his mind-boggling

bodega and many other miscellaneous assets – from horse carriages and vintage cars to commercial premises and plots of land (check they’re not on green belt first, if you’re buying) visit www.ventadebienesmalaya-roca.com See Page 49

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Picasso artwork – €8,000

Call Call us us today today to to discuss discuss your your Spanish Spanish property property purchase: purchase: 0845 0845 508 508 2395 2395 if if calling calling from from the the UK UK or (0034) 951 203 094 if calling from or (0034) 951 203 094 if calling from Spain. Spain.

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Isabel Isabel and and AlexAlex will be willat beAat Place A Place in the in Sun the Sun LiveLive to answer to answer all your all your Spanish Spanish property property buying buying questions... questions... ...Our ...Our sixthsixth yearyear running running at Aat Place A Place in the in Sun the Sun Live!Live!

CallCall us today us today to discuss to discuss youryour Spanish Spanish property property purchase: purchase: 0845 0845 508508 2395 2395 if calling if calling from from the the UK UK orwill (0034) or (0034) 951in951 203 203 094 if calling if calling from from Spain. Spain. Isabel and Alex be at A Place the Sun Live094 to answer all your Spanish property buying questions...

...Our sixth year running at A Place in the Sun Live!

Call us today to discuss your Spanish property purchase: 0845 508 2395 if calling from the UK and befrom at ASpain. Place in the Sun Live to answer orIsabel (0034) 951 203Alex 094 ifwill calling

all your Spanish property buying questions...

...Our sixth year running at A Place in the Sun Live!

Call us today to discuss your Spanish property purchase: 0845 508 2395 if calling from the UK or (0034) 951 203 094 if calling from Spain.

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Isabel and Alex will be at A Place in the Sun Live to answer all your Spanish property buying questions... ...Our sixth year running at A Place in the Sun Live!

Call us today to discuss your Spanish property purchase: 0845 508 2395 if calling from the UK or (0034) 951 203 094 if calling from Spain.

XII IV 30

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30 November - November 22nd 2016 2016 www.theolivepress.es 9th9th - November 22nd 30 www.theolivepress.es November September 14th - September 27th 201630

High-class living

UCKED up in the hills above Marbella, a new, luxury housing community is starting to take shape. In the municipality of Ojen, just a stone’s throw from Marbella, construction on the Palo Alto gated community is well underway. Spread out across 50 hectares of green rolling hills, views of the impressive La Concha mountain are in one direction, while the Mediterranean Sea can be viewed in the other. As Marketing Director Ailse Warriner-MacFarlane explains, Palo Alto combines ‘modern contemporary living with the tranquility of nature’. “This is what living in Spain is all about,” Ailse says. “The countryside is so dramatic and peaceful and yet Palo Alto is just a five minute drive from the hustle and bustle of Marbella. “The aim of Palo Alto is to infuse both aspects of Costa del Sol life.” With two, three and fourbed apartments as well as three and four-bed penthouses, starting from €440,000, no expense is spared in ensuring the highest quality of finish. World-renowned award-winning Spanish architects Villarroel Torrico (pictured right) have been brought in to create a perfect harmony between modern architect and the beautiful natural resources that Ojen has to offer. Interior designers Gunni and Trentino are working on everything from kitchen and bath-

The Costa del Sol’s latest luxury living development is well underway and set to rival the top communities on the coast rooms to hand-picked furniture and terrace accessories. Flexible to each client’s individual needs the team have already been working hard to ensure perfect results for the completion of the first 75 apartments. Due to be complete in Autumn 2018, 40% of the apartments available in Phase One have already sold after just three months on the market. “We are already seeing great interest from buyers all over the world,” Sales Director Simon Boxus says. “In total 14 different nationalities have purchased at Palo Alto including Brits, Germans, Belgians and Scandinavians. “For me Palo Alto is by far the best development I have been involved with in 18 years in the job. “It will be the new premium address on the coast and will rival the likes of El Madronal and Zagaleta.” As well as offering luxury living, Palo Alto will also feature a number of enviable on site ame-

WHAT A VIEW: Palo Alto apartment plans nities including a functional health club, stateof-the-art gym, yoga/pilates studio, an indoor pool and spa, business centre, cafeteria, concierge service and rental and management services. A kids club will also be available as well as

luxury gardens and two outdoor pool areas including a heated lap pool and two kids pools. Twenty-four hour security will also be on site to ensure homeowners peace of mind. For more information or to book a tour, visit lp.paloaltomarbella.com or call 900 102 322

Primrose Real Estate Vastgoed Makelaar aan de Costa del Sol Verkoop en Vakantieverhuur

PRIMROSE R E A L E S TAT E

Nederlands, Spaans en Engels gesproken Met kantoor in Manilva (Málaga)

Jouw droomhuis aan de Costa del Sol tel: (+34) 661 193 789

info@primrose-realestate.com

www.primrose-realestate.com

PAND IN DE KIJKER Duquesa Fairways – Ref 281 Vraagprijs: 129,000€ (was 145,000€)

Property

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November - November22nd 22nd2016 2016 November 9th9th - November

% 40 SO LD Naturally Modern Living

”Bask in the light, breathe in the mountain air, enjoy complete peace and tranquillity, at Palo Alto your ideal home awaits” • Contemporary architecture by Villarroel Torrico • Luxury fittings and finishes by Gunni & Trentino

• Health Club, kids club, outdoor and indoor pools, concierge, 24-hour security

• 5 mins La Cañada Shopping Centre, Marbella

• Limited availability

• Easy and secure payment plan

• Apartments and penthouses from €440,000

TO REQUEST BROCHURE, CALL 900 102 322 OR VISIT LP.PALOALTOMARBELLA.COM

PaloAltoMarbella.COM OP_AD_256x342_v1.indd 1

06/10/16 09:15

Property

XIV IV 32 www.theolivepress.es

32 November - November 22nd 2016 2016 www.theolivepress.es 9th9th - November 22nd 32 www.theolivepress.es November September 14th - September 27th 201632 Leading Costa del Sol interior designer company Estuco Interiors has opened the doors to a dedicated paint shop

Paintbrushes at the ready!

HE Costa del Sol’s top painters and decorators have their rollers at the ready, as a new top-of-the-range paint shop opens its doors. Setting up a new shop, just four doors along from their main office in Marbella’s Centro Plaza, Estuco Interiors are offering up the best paints and wallpapers on the market. And with luxury brands such as Farrow & Ball already stocked, Estuco are also the first place in Spain to sell Designers Guild new luxury paint line. “It is very exciting to be able to stock Designers Guild’s range,” explains owner Christel Jurgensen. “We are the first to do so in Spain and one of the first in the world. “We are taking the same approach to the paint shop as with our fabric range and our main interior design: quality is key.” She adds: “We have been open

The Property Insider by Adam Neale

W Luxury living A BRITISH investment fund is to spend €25 million on five luxury villas in Marbella. London-based Pacific Investments will build the homes in the well sought-after Cascadas de Canojan development, which provides stunning views of the sea and nearby mountains. The project, named Fontana, is aimed at the British, Scandinavian and Arab market, and each villa will sit on a plot of land between 2,000 and 3,000 square metres. Expected to be completed by 2018, they will come complete with their on pool, gym and wine cellar.

for around a month now and the reaction has been great. “From professional painters to DIY enthusiasts, we have only had good feedback.” With an incredible vision and passion for creativity, it is little surprise that Estuco have grown consistently for the last two decades. Now one of the coast’s leading interior design companies, the team of four professionals have never been busier.Based out of a fabulous flagship showroom in Centro Plaza, Marbella, the team offer bespoke designs per-

fectly tailored to meet your needs – however whimsical they may be. The group of multilingual designers manage every aspect and detail of a project from conception to completion . And they have built up a trusted network of craftsmen, builders, painters, electricians and suppliers who are always on time, on spec and on budget. The versatile team takes on residential, hospitality and restaurant projects. For more info visit www.estucointeriors.com or email info@estucointeriors.com

How homeowners can beat Brexit

HATEVER Brexit ultimately means – and neither Westminster nor Brussels seem to have much of a clue – foreign exchange markets have reacted with alarm to the uncertainty, affecting Brits planning to buy property in Spain, among many. On June 22, the day before the referendum, one British pound was worth €1.30 and already down 10% on its November 2015 value. By July 6, less than a fortnight later, sterling had tumbled by a further 10% against the euro to a little over €1.17€. At the time of writing, £1 is trading at a tad more than 1.10€, despite Britain’s latest better-than-expected inflation data, with most analysts not expecting much improvement before the year end. If you live in the UK and used pounds to buy a Spanish property at pretty much any time over the last decade – with the exception of the 12 months from December 2008-November 2009 – the chances are you got a much better deal converting sterling to euros than you would get right now or in the near future. As a result, if you’re thinking of selling in Spain with a view to either retaining the proceeds in euros or converting them back into pounds, you’ll be quids in for quite some time to come or at least until the day dawns when QE2-faced

If you’re a UK resident with property in Spain, there are still ways to make Brexit work in your favour

banknotes are worth little more than ‘papel higiénico’ across the channel. Should you be among the lucky Brits who

bought in the right place at the right time, you will have already seen the value of your Spanish property rise during the gradual recovery of the last three years. But you also stand to benefit if you plan to purchase another place in the sun. While the prime locations on the Costa del Sol, such as Marbella and Estepona, have already seen sales volumes rebound to pre-crisis levels, there are still bargains to be had in new property, even in the most in-demand areas and even if you’re planning to use British pounds to fund the purchase. According to the Ministry of Public Works, Spanish house prices remain well down on the all-time high of just over €2,100 per square metre, which they reached in the first quarter of 2009. In the second quarter of 2016, the average price per square metre of a home in Spain stood at €1,506, equivalent to £1,345 at the time of writing. Given that according to Halifax bank data, the average price per square metre of a house in the UK is £2,216 (2,482€), buying a home on the Costa del Sol, where the sun shines 325 days a year, where the winters are no cause for discontent and where the living is easy most of the time, the beleaguered British pound will still buy you much more here than it would in the Brexit Isles.

Terra Meridiana. 77 Calle Caridad, 29680 Estepona. Tel: +34 951 318480. Office Mob: +34 678 452109 Email: info@terrameridiana.com. http://www.terrameridiana.com

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November 9th - November 22nd 2016 November September 9th14th - November - September 22nd 27th 2016 2016

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Top gongs

EURO-STARS: Marbs’ hot threesome

Marbella’s top properties win big in European awards final

TRIO of jaw-dropping Marbella houses have been recognised for their excellence at the European Property Awards. All with multi-million euro price tags, their success is testament to the region’s continued growth and innovation. Drumelia Real Estate claimed a Five Star Award for best residential property with six-bedroom Villa Arcadio, on the market for a cool €7 million. Located in the exclusive Zagaleta gated community, the ‘sleek and modern’ villa boasts a heated indoor swimming pool, water features, marble floors and an eight-metrehigh double fireplace. There are also panoramic views across the Mediterranean. Swiss developer Seepark Immobilien also received a ‘Highly Commended Award’ in the residential renovation

and redevelopment category for La Perla Blanca, Marbella – one of the largest and most luxurious beachfront properties on the Costa del Sol. The 12-bedroom home on the New Golden Mile will set you back a whopping €12.5 million. With 13 bathrooms, three swimming pools and staff quarters, the beachfront pad is set in its own tropical gardens. Claiming the third award for Marbella, Urbania International also picked up a Five Star Award in the residential development category for Icon Marbella Signature Villas. A series of 20 luxury villas at the Santa Clara Golf Resort, priced at around €2 million each, were chosen by the panel of 70 industry experts. Winners now have the opportunity to go on and compete to be named Best in UK & Europe at the International Property Awards final on December 12.

NEW LOCATION FOR LA PERLA PROPERTY MANAGEMENT Jane Clay has opened the doors to her plush new office in Sabinillas and couldn’t be happier!!! With it’s central location it’s now even easier to pop in and have a chat to resolve all your doubts on your property in Spain. La Perla Living in Bahia passed on to be La Perla Property Management in 2010 and Jane has over 29 years experience of managing property on the coast. In DLP San Pedro in 1987 then in Sotogrande in Paniagua and followed by La Paloma de Manilva where all the infraestructure was renewed and all the villas built, moving on in 2003 to La Perla de la Bahia where she now manages 140 of the properties onsite. The services are dedicated to taking the ‘hassle factor’ out of being a homeowner in Spain, making your life as easy as you want it to be and increasing the enjoyment of your property. They are always making improvements to be able to offer an even higher quality of service. They offer an array of services for your convenience and they can be specifically tailored to your situation or needs. Services include: Cleaning packages A, B & C Annual Air-conditioning Contracts Insurance Brokers Gardening & Plants Welcome Package Personal Secretary Weekly Check Maintenance Service They can manage the Sale or rental of your property for long or short lets. If you bought your property as an investment or as a second home, they can arrange rentals for the periods where the house is not being used with the advantage that they always have a person on site to help the rental clients and to make sure that your house is always being looked after. Jane Clay – La Perla Property Management jane.clay@laperladelabahia.com janelclay@hotmail.com Tel : + 34 952 890 930 Fax: + 34 952 897 377 Mobile + 34 620 368 288 Conjunto San Luis, Portal 3 Local 4 (next to Banco Popular), Calle Isaac Peral, San Luis de Sabinillas, Manilva, 29692 Malaga

www.laperladelabahia.com

Jane and her team can’t wait to welcome you to their new office and help you in all your needs

Property

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Bargain buy

November - November22nd 22nd2016 2016 November 9th9th - November

XVII 35

Going for €1.2 million, is this the bestvalue villa in Marbella? SPACIOUS: Marbella pad on the market

LEAFY: The garden and pool are the perfect escape

IVE the millionaire’s lifestyle or coin in €4,500 a week in summer rentals - with this great value five-bed villa, owners can do both. A heated swimming pool, separate apartment and wraparound sun terraces are just some of its jawdropping features. On the market for €1.195 million in a picture perfect setting, Villa Atalaya is possibly one of the best bargains in luxury Marbella property currently to be had. Five minutes drive from San Pedro and Puerto Banus, the stunning location offers clear sea views across the Mediterranean towards Gibraltar and Morocco. Recently kitted out with top-of-therange furniture from Roche Bobois and El Corte Ingles, the 450m2 villa

has five double bedrooms with fitted wardrobes and marble floors and four modern bathrooms, including a master ensuite with a sea-facing balcony. Underneath the villa, a self-contained apartment would make an ideal cinema room, bodega or gymnasium. Set in extensive, wellmaintained gardens with a heated pool, the covered terrace area is the perfect space for al fresco barbeques. A great investment, the villa is very successful in short term rentals and currently is on the short-term rental market for €3,500/ per week during low season and €4,500/ per week during peak summer time. For more information call Andrew on 615 286 038

Property Property

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November - November 22nd 2016 2016 36 www.theolivepress.es 9th9th - November 22nd www.theolivepress.es November September 14th - September 27th 201636

NEW MAN - TRADITIONAL VALUES Luisandro Moreno takes the helm at real estate agency giant Century 21

ENTURY 21 has a new director at the helm, but its core principles remain rock steady. Luisandro Moreno has been appointed as the company's new director, overseeing Gibraltar's arm of the world's largest residential real estate agency. Prior to taking on this role, he was Century 21's lead sales negotiator for the past decade. Luisandro will continue to partner with clients who can leverage his knowledge and expertise of the local market while also committing to successfully growing Century 21's business in Gibraltar. With a second office opening at Ocean Village before Christmas and a new website redesigned to showcase Century 21's global property portfolio while also introducing online client portals, Gibraltarian Luisandro is looking to the future. His clients remain the focus of the business. Luisandro said: "Winning the trust and respect of clients and conducting business in an ethical and professional manner is vital as is helping to maintain and build upon brand awareness. "Reputation in Gibraltar is crucial and I think that's the key to Century 21's success over the years. "New developments in Ocean Spa Plaza, Imperial Ocean Plaza, Quay 29 and Midtown have been a huge success and are all high in demand." He added: "We invite new developers to talk to us at Century 21; we are constantly looking for new ventures and can advise clients the best way forward to become a property developer whatever the size of the project. "Additionally, Brexit has proven to boost local sales as we're seeing an increasing number of Europeans looking to invest in Gibraltar due to the depreciation of the pound.

"We are now looking at moving into facilities management and commercial ventures in Gibraltar, with Century 21's U.K arm already providing maintenance for 3,000 apartments. "There is a new dimension we want to bring to the company and take advantage of the experience we have from our UK offices. "It's an exciting time for all at Century 21 Gibraltar, we're expanding with the intent to make our business more accessible locally and internationally, building on our success while continuing to provide the highest standard of service to our clients.

"I'm looking forward to this new challenge and the impact Century 21 will have in the property market.” CENTURY 21 GIBRALTAR – OPENING DOORS TO THE WORLD Contact details:+350 200 51020 Luisandro: +350 5652 3000 Linda: +350 5600 2622 Century 21 Gibraltar info@century21gibraltar.com www.century21gibraltar com

How financially strong is your town hall?

11+

years experience in

ALL PROPERTY MATTERS

RICS SURVEYORS & VALUERS BY BUILDING CAMPBELL FERGUSON

For peace of mind follow

these property buying rules Why sussing out local authorities is vital before buying

Property Law • Conveyancing Inheritance • Probate • Wills None Resident Taxes Family Law & Divorces • Claims Setting Up Companies We cover from Estepona to Nerja and Inland We speak English, Spanish, Scadinavian, Dutch and French

Dolores Perujo Palomo Tel: 0034 952 587 704 Email: bonafide@bonafidecosta.es Abogada Lawyer nº 4905 C/Cartama, 25 - 29649 La Cala de Mijas, Malaga

HE decision to buy a house is not just down to the attractiveness of the rooms, garden, location or general surroundings. Consider the financial strength of the town hall, because if we compare Benahavís with Estepona, we get very different pictures. Benahavís is reportedly one of the richest municipalities in Spain, though it doesn’t have a coastline. How can that be? It’s because it contains so much natural advantages in south-facing slopes, treecovered mountainsides, extensive views along the coastline and the mountain ranges towards Ronda. Los Arqueros, La Quinta, Monte Mayor, La Heredia, El Madroñal and La Zagaleta contribute significantly to the town’s wealth and the village is very picturesque. For residents of Benahavís there are a great many free sports, leisure and other facilities on offer. The town hall also supports Malaga football club and organises free bus trips for residents of the municipality to all home games. The money from building licence fees and taxes is a constant source of funding for these services. So, buying a house in Benahavís municipality is a good idea, giving confidence for continued support. Estepona appears to be different entirely. Reportedly heavily in debt and with a history of past municipal corruption trials, this town appears to be squandering its natural assets. The long coastline with fine beaches and tree clad mountainsides provides fine views and secluded residences. The town is bigger than Benahavís and has better shopping and other commercial outlets. The residents have made very successful efforts

to beautify the town in providing permanent flower Find Your Property displays all along the traditional streets. The recently created orchid house, right in the centre, is a spectacular and attractive building. Many plain building facades have been decorated with imagiInstruct Instruct native murals, all combining make it a pleasant BuildingtoSurveyor Lawyer place to visit and walk around. However, away from the town centre and beaches, everything is not so pretty, as the town hall cannot afford sufficient employees for the municipal Buy with Knowledgework required and has paid those they have on an ir& Confidence regular basis. Income should be coming in from building licensing, but it appears that there is an illogical mind+34 952 923 520 with us! set in not taking advantage of the natural Connect assets admin@surveyspain.com that they have. A prime example of this is to be surveyspain.com found in the Guadalmansa valley, inland from the high-quality Cabo Bermeja development and Las Dunas Hotel. There are many areas zoned for prime residential development, hotels and all that is required to create another prosperous ‘Nueva Andalucía’ type area. But the councillors of the municipality appear to be supporting the installation of a compost factory right in the centre of it. That is not a good neighbour and who is going to want to live anywhere near it, and who is going to finance and carry out these developments? A councillor’s life is not an easy one, but a decision such as this, supporting the ambition of one small factory in the wrong place, cannot be seen in any way as financially logical for the town and its citizens as a whole. So, in addition to checking the building condition and the history of the urbanisation, the prudent buyer should look to the medium-term to see how the Municipality itself is run.

Contact Campbell and the team on +34 952 923 520 or email info@surveyspain.com

Property

€1,000,000 www.theolivepress.es

NEW GOLDEN MILE €1,000,000 Super luxury 3 bedroom duplex penthouse, Near Estepona

€685,000

www.theolivepress.es

REF: WW637

This outstanding 3 bedroom, duplex penthouse is located in the prestigious Torre Bermeja complex. Built to the very highest specifications, facilities include two pools, an indoor pool, gym and direct beach access. An extremely competitive price. Jacuzzi Bath / Spectacular Sea Views / Dressing Room / Domotic System / Sound System Bed 3 | Bath 3 | Built 208 m2

€595,000

November - November22nd 22nd2016 2016 November 9th9th - November

GUADALMINA ALTA €685,000 Charming and well presented villa, Guadalmina Alta

III 37

REF: WW611

This impeccable three bedroom secluded villa is constructed all on one level. The property is beautifully presented having a large lounge/dining room, good sized kitchen and a spacious master bedroom with walk in wardrobe. Private Swimming Pool / Garage / Low Maintenance Garden / Utility Room Bed 3 | Bath 3 | Built 277 m2 | Terrace 652 m2

€285,000

NEW GOLDEN MILE €595,000 REF: WW652 Fabulous frontline, 2 bedroom, ground floor apartment, near Estepona

NEW GOLDEN MILE €285,000 REF: WW543 Immaculate townhouse, desirable location, Monte Biaritz, Estepona

This stylish apartment is located in an exclusive beach complex midway between Estepona and San Pedro Alcantara. It has direct access to the pool and garden. With great rental potential this is a sound investment. 24 hour security / Utility Room / Walk in Shower / Parking Space / Community Sauna & Gym Bed 2 | Bath 2 | Built 101 m2 | Terrace 27 m2

tel: +34 952 880 941 info@winkworth.es www.winkworth.es

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1, 89

5, 00

0€

Tel +34 952 816 250

VILLA MARBELLA GOLDEN MILE 5 Beds • 5 Baths • 467 Built m2 • 1027 Plot m2 • REF 176-01249P

49 5,

0€

Beautiful villa soon to be finished on the GOLDEN MILE with high spec and contemporary design all according to the 1986 PGOU. The villa is within walking distance to the beach and promenade. With a total of 467m2 constructed area on a 1027m2 plot. All materials and fittings are of the highest quality creating a luxury feel. Unique design creating 5 bedroom suites with an open plan feel and a very good use of the m2. There is a separate cinema room or 6th bedroom suite with its own private entrance. Sea views from the roof terrace. A MUST SEE PROPERTY in a priviliged position.

TOWN HOUSE – ALOHA, NUEVA ANDALUCIA 4 Beds • 2 Bath • 191 Built m2 • 266 Plot t m2 • REF 176-01322P This very bright bungalow, on one floor, is perfectly located in Nueva Andalucia’s popular community of Los Potros. The property is totally reformed in a modern contemporary style. You enter the house through a patio that maintains the Andalucian charm and enjoys morning sun. The spacious living room offers an open modern plan kitchen to a high standard. In connection with the kitchen, behind sliding doors you find the laundry room. Easy carport parking outside the property! Centro Comercial Plaza 63, 29660 Nueva Andalucia, Marbella Tel +34 952 816 250 • info@andadev.com • www.andadev.com