Zagaleta owners to invest 240 million to create other luxury urbanization in Cadiz. The promoters of the most exclusive residential complex in Europe located in Malaga, bought for 40 million euros the company Valderrama. Read more »
The Caminito del Rey cease to be free in spring. The recently renovated caminito del rey has been open for a few months now and the government has recently aproved to charge for the visit from the next Spring, so if you fancy a bit of exercise or adventure and to be amazed by the views and enchanting surroundings, book your visit now. The total length of the route is 7.7 km, divided into 4.8 km long access ways and 2.9 km long boardwalks.
Marbella Luxury Shopping – Wealth and Marbella go together like Switzerland and watches, but the affluent city has eclipsed all expectations by firmly establishing itself at the heart of the global luxury market.
The process of normalization of the real estate market will begin to be felt more intensely than in 2016, therefore Marbella property investment will double its growth. This is the message BBVA Research and BBVA Real Estate wants to launch and the last report have been published on the residential sector, which summarizes what the prospects handling for next year are more home sales and new work.
The surplus of unsold new homes in Spain reaches 389,000 units, according to a report by Tinsa, a figure in two and a half years the time needed to absorb the stock. This means that the reference date is the first half of 2008 and that demand will be about 150,000 new homes a year…
Housing transactions registered in the College of Property Registrars rose 16.6% in the third quarter up to 92,786 operations. In the last year 348,388 homes were sold. The price rose 6.6% year between July and September.
The resale housing has been, again, has pulled the purchases (74,769) in the third quarter, with a quarterly rise of 8.8%, while new home operations remain historically low (18,017) and adding a decrease of 2.5%.
The SAREB (also known as the bad bank) has launched a new campaign to sell 3,400 Spanish Bank Repossessions including houses, storage rooms and parking spaces, with discounts up to 60%. Half of the offer is located in Valencia, Andalusia and Catalonia and will be marketed through different online sites.
The Supreme Court has declared null and void the revision of land-used in 2010 Marbella General Plan, approved in separate orders of the Ministry of Housing of the Junta de Andalucía of February 25 and May 7 of that year . In three sentences made public today, the Supreme estimated resources of a community of owners and two companies against so many judgments of the High Court of Andalusia who rejected his objections to this review.
The current legislation on the floor clauses in Spain seems to have the hours counted. Especially after the recent report of the lawyers of the European Commission urges the Court of Justice of the European Union (ECJ) to apply retroactivity on the entire amount paid by the affected before the Supreme Court ruling of May 2013.
For context, the Supreme Court declared null soil abusive clauses in mortgage loans in a landmark ruling in May 2013. Subsequently, on March 25, 2015, the High Court issued a new judgment applied by the return of the amounts paid by affected by these abusive conditions only after 2013, coinciding with the date of the Supreme.
The Spanish economy is meeting the expected script. Although in the third quarter it has slowed the pace of quarterly growth has accelerated its annual growth to make a fact not seen since 2007.
Although the latest house price index (relating to the third quarter of 2015) still brand light-year falls, certain Spanish cities seem to have turned the ground reached after years of decline and are starting their way towards the normalization of prices, according to a study published by a major Spanish property portal. Barcelona is the city in which prices have risen more strongly and has further made its minimum value, followed by the Malaga province and of course Marbella. Since prices touched ground in the third quarter of 2013 (when the square meter quoted at 2,957 euros), prices have increased by 13.2% to 3,347 euros / m2 current after 8 consecutive quarters of increases.
We see our property as our own castle and many of us when selling our home, we make the same mistakes. We forget that we are targeting other people interest and not our own ones. The buyers, perhaps, don’t like the colour of our walls or our furniture, so therefore, we need to make it appeal to other people and take as many of our own personal items as possible…