Luxury Spanish property Sales on the Increase in Marbella

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Marbella Property

Buy luxury Marbella villas

Whilst the visitors to our website this year are about the same as 12 months ago the amount of interest and actual Spanish property sales here in Marbella are on the increase with the obvious question why?

Well that’s the million dollar question and it’s hard to put a finger on it but my guess is that finally the majority of the international property buyers for luxury property in Marbella have come to terms with that we are at rock bottom of the market place. If the truth be known I think we hit that in the second half of last year.

So what type of people are buying here in Marbella? Well it’s a mixed bag but as always I’d say 70% of buyers are looking for high quality between 250,000 and 500,000 but most interestingly there is a big increase in viewings for villas in excess of 2 million Euros which is a big positive for us as over the last few years we were not getting those type of enquiries on the website.

So the obvious question is this a sustained return to luxury property sales in Marbella or just a fad as people try to pick up the last of the great deals. The real truth of it is when you start to get above 800,000 Euros you don’t really get the discounts that you get between 250,000 and 500,000 Euros hence why that accounts for 70% of our business. So in answer to that particular question it’s a wait and see and come the end of April we will be able to tell.

So if you’re looking for luxury property in Spain for sale here in Marbella now is the time to act. You might still be able to buy later if you leave it but the reality is you will have far less choice.

 

So What Happens When All the Marbella Property Deals are Gone?

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Santa Clara Golf property with 100% Mortages

So are you looking for that dream property for sale in Spain and Marbella and your still undecided whether 2012 is the right time to buy?  Then maybe you should start to look at it from another perspective what happens when all the great property deals are gone?

Right now I would say that there is about 6 to 10 stand out deal of key ready new developments at fantastically discounted properties. Priced lower than most resale properties and vastly superior in quality. The reality with most of these is in 2012 all this stock will be shifted with Benatalaya being a very good example where 800,000 Euro penthouses  have been sold  for 350,000 and thus we only have four units left for sale at time of this block.

So what do you do if you miss out? The likelihood is that you never buy or wait several years and a good example of what can happen is Spanish Hot Properties in Mallorca where 2010 was their best ever year then followed in 2011 by their worst ever year. The obviously question is why? The answer is a very simple one in 2010 they were able to bring buyers and sellers together as the last of the great deals were taken from the market place. However in 2011 with all the great deals gone the buyers couldn’t bring themselves to pay more than they could have bought for in 2010 and the vendors position very much hardened as they saw the end of price falls and Mallorca started to have small price increases.

Obviously in Costa del Sol there is much more of an oversupply than there is in Mallorca but there is an oversupply of property no one wants to buy at today’s prices so that is unlikely to change when prices increase. The reality is right now you can buy below replacement value but as we come out of recession the market will start to correct itself the other way and buyers will have to buy rubbish or pay more.

The other real issue is that there are obviously no new projects being built so when we come out of recession there will be no fantastically priced new developments and the market is going to change quite drastically. Developers with foresight should be looking at building new projects in 2013 so they are in pole position.

So if you’re looking for Spanish property for sale in Marbella in 2012 my advice would be think about what happens if you miss out and what your alternatives are.

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Is Meisho Hills in Sierra Blanca, Marbella the Most Luxurious Development Ever?

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Meisho Hills

Meisho Hills in Sierra Blanca Marbella

This Thursday I was at Meisho Hills for the relaunch of one of Marbella’s best ever developments that just oozes quality class and style and at the same time being quite unique.

These are amazing villa apartments for those who want the Sierra Blanca and Marbella luxury lifestyle without the upkeep of a luxury Villa. Each unit offers its own pool but also has large communal pools as well as all the facilities you could ever need.

If you want unadulterated luxury this is it with views to die for and if your undecided you really do need to see it for yourself

For those of you interested in more detail please read below for the best in Sierra Blanca Luxury Property.

PRICES

Apartment- Villas from –   2 to 4 Beds 895,000€ – 2.4€ Million

 

 

Pool View at Meisho Hills

Meisho HIlls Pool View

Meisho Hills –  Sierra Blanca – Marbella – Spain – Location

 

Bordering the natural parkland and protected pine forests of Nagüeles, yet only a few minutes drive from the centre of Marbella, Puerto Banús and superb golf courses, Meisho Hills enjoys a privileged elevated location at Sierra Blanca – one of the most distinguished of addresses in Mediterranean Spain – with spectacular sea and mountain views.

The residential area of “Sierra Blanca” is located just at the foot of the Mountains and the Natural Park of Sierra Blanca and offers some stunning views overlooking Marbella and Puerto Banús, towards Gibraltar and Africa.

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Meisho Hills –  Sierra Blanca – Marbella – Spain – The Project

 

Meisho Hills is an exclusive residential complex, consisting of 58 luxury apartments-villas and located in Marbella, in the south of Spain.

58 two-storey Apartment-Villas of six different types and innovative and modern design, offer a choice of two, three, or four bedrooms – each with its own suite bathroom, complete with Jacuzzi or Duravit tub. Villas are dotated with private lifts and private swimming pools, private garages for two, or three cars, two or three basement storage areas which can easily be converted into a gym, media suite or wine cellar.

They enjoy magnificent sea and mountain views. The properties range in size from a total of 350 to 940 square metres.

The magnificent onsite facilities include two outdoor swimming pools, three fitness areas featuring gym, indoor pool, saunas, Turkish baths, verdant landscaped gardens with ambient lighting, and 24-hour security.

The finest selection of materials is used throughout, combining wood, stone, marble, with modern conveniences such as intelligent house system, under floor heating, air conditioning, top quality Italian Salvarani kitchens fully equipped with Miele appliances.

 

Meisho Hills –  Sierra Blanca – Marbella – Spain – Specifications and Quality

 

Structure:

  • Reticule structure of reinforced concrete in foundations, garages, perimetric externally insulated walls in the basement and reticule concrete one way floor slabs.

Roofs:

  • With thermal insulation, double waterproof layer and double floors if they are accessible.

Flooring:

  • Stone and / or wooden double floors on the terraces of the apartments.
  • Interior floors of the apartments – a combination of natural stone and wood.

Façades:

  • Exterior brick walls with air cavity and thermal and acoustic insulation On interior side covered with top quality Pladur.
  • Exterior walls with areas of natural stone and cement and paint coating for the rest.

Interior walls / Partitions:

  • Brick walls between the ApartmentVillas.
  • Top quality Pladur interior dividing walls with acoustic insulation of interior; coated in wood, stone, plaster or paint.

Carpentries:

  • Exterior carpentry: lacquer aluminium pass through, sliding – elevating doors and windows according to RAL norm. Double – glazed windows with air cavity and sun and thermal protection.
  • Designed main entrance door, in wood, armoured with multipoint security lock and burglar-proof hinges.
  • Top quality wood interior doors.
  • Italian-designed wardrobes fully outfitted.

Special elements:

  • Fire place in the living room.
  • Private lift (according to the type of ApartmentVilla) with security system and communication with security house.
  • Wardrobe according to the bedroom type.
  • Within the main garage, private garages (2 or 3 car spaces) with remote control opening and security system by photoelectric cell.
  • Private illuminated swimming pool. (according to the type of ApartmentVilla)
  • False ceilings with openings for curtains in bedrooms and bathrooms.
  • Wine cellar (according to the type of ApartmentVilla)
  • 1 or 2 storerooms per ApartmentVilla (according to the type of ApartmentVilla)
  • Zen garden on the roof (according to the type of ApartmentVilla)

Kitchens:

  • Italian-designed kitchen furniture in different colours and materials.
  • Built-in MIELE appliances including dish washer, washing machine, dryer, oven, microwave, vitro ceramic hob and kitchen extractor. Stainless steel sink with monocontrol tap.
  • Every kitchen equipped with an American style refrigerator.
  • Furnished laundry in each ApartmentVilla.

Bathrooms:

  • Every bedroom includes its own bathroom en suite.
  • Suspended sanitary and built-in system for water discharge.
  • Separate space for toilet and bidet (according to the type of ApartmentVilla).
  • Separate space for shower with marble finishing and glass door. (according to the type of ApartmentVilla).
  • All bath tubs are whirlpools.
  • Wash basins supported on a marble top. (according to the type of ApartmentVilla).
  • Top of the range sanitary appliances.
  • Toilet for visitors on the ground floor.

 

Electricity:

  • Fuse box in every ApartmentVilla with independent power, lights and air condition circuits.
  • Installation of intelligent house control system for lights, blinds and alarm.
  • Top quality electric mechanisms in all the ApartmentVillas.

Plumbing:

  • Hot water through an individual heater with the third circuit for recirculation in order to have always hot water.
  • Thermal insulation for hot water and anti- condensation on cold water.
  • Sound insulation spaces for canalisation.
  • Cistern of sanitary water with equipment for pressure and water-softening device.

Sanitary pipe work:

  • Separate nets for rain and soil water.
  • Sound insulation spaces for pipes.

Heating – air conditioning:

  • Air conditioning installation with pump for hot air by split system for cooling and heating, regulated in every room.
  • Under floor heating by recirculation of water in the whole ApartmentVilla.

Audio-visual installation:

  • Common cable and satellite receiver for the whole development.
  • TV and telephone plugs in the living room, kitchen and all the bedrooms.
  • Video interphone connecting with the exterior door of the appropriate block.

Securityinstallations:

  • Alarm system with sensors in bedrooms, living room and entrance hall with panic button connected with the security house.

Fire alarm and extinguishers:

  • Fire extinguishers with water sprinklers in ceiling in garages.
  • Fire resistant doors, carbon monoxide detectors and system of forced extraction in the garages.
  • Fire hoses connected to centralized cistern of water for fire pressure pumps in accordance with the currant law.

Watering:

  • Automatic watering system for the whole common garden.
  • Cistern of water for watering common gardens.

 

Meisho Hills –  Sierra Blanca – Marbella – Spain – The Surrounding area

 

  • Golf
  • Marbella and Golden Mile
  • Restaurants & Bars
  • Beach
  • Miles of beautiful, un crowded beaches
  • Promenades with bars, restaurants, cafes and services
  • Championship 18 hole golf courses
  • The natural marvels of Andalusia
  • Shopping and bustling nightlife minutes away
  • Easy airport access and excellent transport

 Sierra Blanca property

Meisho Hills

 

 

 

Marbella Property Selling Fast even if You Don’t Believe Us

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Marbella Property

Buy luxury Marbella villas

Well I can imagine what you’re thinking just another sales trick to create some urgency for Spanish property investment and those wanting to buy Marbella property. However from our own experiences since the 28 December property is selling fast and the best deals are been taken off the market. Those are the facts and what you decide to do with this information is entirely up to you

Two things really bought this point home to us the first being 90% of all people who viewed property with us between Christmas and New Year bought a property in the Marbella area or are currently in the process of formalizing those purchases. The second and maybe more obvious was a Norwegian client who sent us 8 properties he would like to view off the internet and 7 of the eight properties were sold.

So despite what you might read in the UK and international press the sooner you start to view the more opportunities you will be left with. I would say anyone who starts looking before the end of February is going to have a huge advantage.

So if you’re looking at property investment in Spain or a Marbella holiday home now would be a very good time to act. Last February was when the best deals got done in 2011.

If you need any help please feel free to contact me on 0034 664 268 809

Thanks for reading

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Investment property in Spain

 

The Sundream Estate Marbella Property Dream for 2012

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Luxury Estepona Penthouses

Well first of all a very Happy Christmas to all the readers of this blog and most importantly a Prosperous New Year to you all as we enter into 2012 which by all accounts should be a very interesting  year for Luxury villas for sale in Spain and of course Marbella.

Our one dream is quite a simple one an end to this poxy Euro crisis which is the only thing really stopping the Luxury property market in Marbella going places. Whilst we have real issues outside of Marbella especially Mijas Costa which is now under half the price of prime location Marbella the property market in Marbella is definitely bottomed out.

The Euro however is a major issue for those in the UK who don’t want to see the Euro being exchanged for the Peseta and having a bid currency down value in their property asset. One way to militate against this is to take a high mortgage and then if the Euro or new Peseta did go to 1.50€ or so then you could just clear the mortgage and be ahead of the game. Alternatively just pay the reduced mortgage until you were happy with the exchange rate. Even with all of these different options full confidence from UK buyers won’t return until after the Euro crisis has been resolved.

Fortunately for us the Euro crisis doesn’t affect the rest of Europe and is actually a big bonus for the Swiss and Norwegian buying market as their currencies are excessively strong at the present time.

So if you are looking to buy prime property for sale in Estepona or Marbella and you’re in the UK and very cautious we fully understand that and we will be here for you when you feel the time is ready

Once again Happy Christmas and a Prosperous New Year to you all.

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Good News For Spanish Landlords with Quicker Evictions

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Banus Beach Gardens

Not paying your rent will now have more immediate effects

the law on measures to speed up procedural processes so that evictions from rented property can become faster came into force on 1 November following the new regulations on eviction procedures. In theory, the involvement of a judge will no longer be necessary and this will avoid the holding of unnecessary hearings. Furthermore, if the tenant in arrears continues to live in the property without paying and does not oppose the eviction, they will be removed on the date indicated in the first judicial order.

These measures to speed up procedure represent significant regulatory changes regarding the eviction process. The monitory procedure system (express and simple hearings for claiming debts under 250,000 euros) will be applied to cases of eviction due to non-payment. Therefore, should a tenant in arrears not leave the property willingly, they will automatically be evicted. The date of the eviction will be included in the initial notification issued to the tenant in order to avoid the holding of unnecessary court hearings.

Another benefit is that if the tenant in arrears remains in the property without paying and does not oppose the eviction, they will be evicted on the date indicated in the initial judicial notice. “If the tenant opposes the eviction, then the verbal hearing process will be followed”.

The tenant in arrears has various options:
1. Pay the debt within a period of 10 days;

2. Pay the debt within 10 days or oppose the debt, in which case a court hearing will be held in order for a judge to determine the amount of the debt and agree on termination of the contract and removal of the tenant;

3. If the tenant fails to pay or oppose the debt within 10 days, the case will move straight to eviction following request from the plaintiff;

4. Relinquish possession of the property within 10 days, in which case the process will continue in order to claim the unpaid debt, following request from the plaintiff.

This reform will be insufficient unless accompanied by the implementation of personal measures within the justice system administration service because “evictions are implemented through a judicial commission that sets the dates and there will be no point in speeding up the process and quickly recognizing the owner’s right to recover the property if the tenant can wait months for this commission to remove them from the property”.

So good news for Landlords but not Tennants

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Spanish Property Market 2011, More Than Half of Resale Properties Cost Less Than 200,000 Euros

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Some very interesting recent statistics now tell you why Marbella property is holding it value and areas such as Mijas Costa and Manilva are still struggling.

53% of resale properties for sale in Spain now have a price tag of less than 200,000 euros. The majority of properties for sale at the moment (41%) can be found within the 100,000 to 200,000 euros price band. The typical property for sale in Spain measures between 81 and 120 square meters and has 3 bedrooms. The vast majority of properties on the market were built less than five years ago.

The cheapest property price band, i.e. those that cost no more than 100,000 euros, accounts for 12% of the Spanish market.

As regards property size, a large part of the real estate stock (33.8%) can be found in the 81-120 square meter bracket, followed by those measuring between 41 and 80 square meters (30.7%). Mini-properties account for only 1.6% of the total real estate stock currently for sale, while the very large properties (measuring more than 160 square meters) account for almost 20%.

The young age of the second-hand properties for sale should be noted: 28% of owners state that the property they are selling is less than 5 years old, while 22% state their property is over 30 years old.

Interestingly in Marbella the best value is between 200,000 and 400,000 Euros well outside the main block of resale property prices but this also explains why prime location property prices in Marbella have held their prices, simply because there is less of them for sale and at a higher price.
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Spanish Property Market Boost from New Spanish Government

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A very interesting overview of the Spanish property market in 2012 form Lucas Fox and we picked this up from there blog.

With the landslide victory of Mariano Rajoy and the center-right Partido Popular (PP) on 20 November, many are wondering what this will mean for the Spanish Housing Market 2012? While Rajoy’s political campaign was fairly coy on policy details – given Spanish voter dissatisfaction with the governing Socialist party, it was enough of an advantage just being an alternative – PP did announce some policy measures related to the real estate market.
Speaking from the Lucas Fox Barcelona offices after the election win by Partido Popular (PP) with 44.6% of the votes, Lucas Fox Director Alex Vaughan said: “We congratulate Prime Minister Elect Mariano Rajoy and his team for a strong win that we are hopeful will have a quick and positive impact on the property market in Spain. The majority win by the PP means the new government will have the political stability and mandate necessary to take action to address the current financial crisis and its impact on the property market in this country.”
Spanish politics tends to have a long handover timeframe, so that while elected in November, Rajoy and his team are not due to take full rein of the government until 22 December. News of appointments to crucial ministerial portfolios such as housing and development have yet to be made, but real estate news portal Idealista has recently shared some of the early announcements regarding which of PP’s housing policies are expected to be green lit.

Reanimating the Spanish Housing Market 2012
PP has announced a number of tax incentives to help stimulate the Spanish Housing Market in 2012. These include:
•    Maintaining property sales tax at 4%: Initially introduced by the outgoing Prime Minister Zapatero’s Socialist Party, property tax rates were halved from 8 to 4% until the end of 2011. PP has announced a continuation of this policy into 2012, maintaining the tax rate at the lower 4% level for at least another year.
•    Reduction on ITP transfer tax: While details are yet to be fully announced, it is understood that PP plans to reduce taxes related to property transfers.
•    Removal of income capping on tax rebates for residential housing purchases: In what could have a significant impact on the Spanish housing market 2012, PP plans to remove current tax rebate caps on purchases for residential properties (i.e. where the buyer intends to use the property as their main Spanish residence). At present, an income cap means only those who earn less than 24,000 euros annually are entitled to a tax deduction. PP intends to provide the tax rebate to any buyer and retroactively implement the policy to benefit any residential home buyers in 2011.
“Tax incentives such as the extension of the VAT reduction on new build property and a proposed cut to ITP transfer tax on second hand property purchases will help to sustain and build on the healthy signs in the property market that we observed in the third quarter,” Mr Vaughan said. Lucas Fox International Properties announced its best ever quarter for sales transactions in October this year, trading €19.5 million of properties in the three months from 1 July 2011.
“If implemented, these proposed tax incentives could stimulate the property market and help assist the lower end of the market to catch up with the renewed vigour at the high end,” Vaughan concluded. Housing market policies will be a key indicator of policy success for the incoming government.

This is one interesting take on the situation and flies in the face of what has been predicted from other quarters so I suggest we just wait and see what happens.

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Taxman Targets Non Resident Property Owners in Spain

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Since last few months the land registry has been sending information to the tax authorities, as part of a plan to flush out thousands of undeclared non resident taxes. The non-resident taxes are about to be targeted by the taxman thousands of undeclared properties, as part of the antifraud plan.

Over 500,000 letters have been sent out to the owners of Spanish property who are not registered as having completed either a resident or non-resident tax declaration in 2007, 2008 and 2009. Their owners are responsible only for tax fraud and the letter explains that you are registered as being the owner of Spanish property but that there is no record of you having completed either a resident or non-resident tax declaration and asks you to comply with the law.

Murcia, Andalucía, Valencia & the Canary Islands have thousands of non-resident property owners, and are the last large stronghold of real estate fraud. Lawyers have advised owners to pay any outstanding tax they owe before the tax authorities uncover this common undeclared tax. There is an estimation of 280,000 undeclared nonresident taxes over the last four years.

The biggest problem is most nonresident property owners have no idea they are breaking the law.

If you want any advice on this matter please send us an email and we can put you in touch with somebody that can help you.
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Buy to Let in Marbella, Free Lifetime Holiday Rental Listing

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Cumbre de los Almendros

Are you currently looking at buying property for sale in Puerto Banus or Elviria with a view to buying to let or at the very least gaining some holiday rental income to help subsidize the costs of such a wonderful property. If you are you might be interested in an offer that our parent company Spanish Hot Properties is just about to bring to the market in the form of a free holiday rentals listing on any property you buy with Spanish Hot Properties or Sundream Estate and valid until you sell the property.

Obviously such a free listing is only worth something if the website that it appears on actually has traffic and with Spanish Hot Properties you know that through its internet ranking on Google it is actually a present worth having.

However this in itself is not a reason to buy a Marbella property right now and a much more compelling reason to buy a holiday property In Spain that you can let out is the amazing opportunities that key ready new developments currently offer. The biggest attraction at the present time has to be the additional 4% IVA tax saving on top of the already massive discounts. However you have very little time to act as you have to complete the purchase of the property by the end of the year as this is when the offer from the Spanish Government is due to expire.

There are some fantastic final buy to let opportunities in Marbella and it surrounding areas so if you really want to buy property for sale in Elviria now is the time to act.