PROPERTY - Euro Weekly News Spain
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
PROPERTY
G U I D ECurrencies Direct • Let’s talk currency
Apace in the sun!
By Matt Ford “France has traditionally been the
Brits lead surge in foreign buyers second biggest market, and a decline
B
RITISH buyers have of 10 per cent is noteworthy,” he said. “I
shrugged off Brexit fears to the most after sales soared by 16 per in buyer numbers can deliver a high suspect the answer has something to
lead a new surge of prop- cent, with Morocco and the Ukraine also percentage change and we can’t read do with the constitutional crisis in Cat-
erty sales to foreigners in demonstrating sharp growth. too much into one quarterly decline, alonia, a Spanish region that borders
Spain. It comes as the first quarter of But the number of buyers from though generally speaking sales are with France, where the French have
2018 saw the most deals completed Switzerland plummeted by 15 per cent, about 10 per cent down from 2016 long been the biggest group of foreign
since 2014. and those from France 10 per cent. when the Swiss Franc was incredibly buyers, with 43 per cent of the foreign
New data from the national Land Reg- Mark Stucklin of Spanish Property In- strong against the Euro,” he added. market for second homes, according to
istry shows that sales shot up by 13.4 sight said that the Swiss plunge is not But he believes the French nosedive the latest figures from the Association of
per cent from January to the end of significant since the country only serves could be of importance and blames the Spanish Notaries.”
March, with revenue rising to the high- up around 150 sales per quarter. Catalan independence crisis for the The expert does not expect British
est quarterly total since late 2008. “A small change slump. expatriate strongholds to be affected,
And the number of overseas buyers though, with the outlook generally
rocketed by 13.2 per cent, according to positive since the figures do not map
the latest report by Spanish property out where foreign buyers are concen-
registrars. British shoppers headed the trated.
ranking as they accounted for 14 per “It is likely that all regions have seen
cent of foreign sales, with German and an increase in buyers from abroad,
French nationals each representing with the possible exception of
8 per cent. Cataluña,” he concluded.
Belgians were responsible for 7
per cent of overseas purchases,
Swedes and Italians 6 per cent,
Chinese 4 per cent and Russians 3 ON THE SPEND: The first
per cent. quarter of 2018 was the busiest
Demand from Bulgaria increased in a decade for overseas sales.
Sponsored by
II EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
Property gladder
Malaga leads new build surge
By Gregory Kirby more populous Madrid,
where 14,967 new pads
were sold and
ALAGA is the leading Barcelona which sold
M province in Spain for the
sale of new homes.
There were 3.39 proper-
ties sold per 1,000 residents last year,
6,636.
But deals in Malaga
surpassed other expatri-
ate hot spots including
making the Costa del Sol the star of the Alicante, Valencia and
post-crisis new build recovery, accord- the Balearic Islands.
ing to the latest figures from the body The figures are still well
of registrars. below those constructors
Building ground to a halt in the crisis enjoyed during the boom
years because low demand from buy- but do show a clear real
ers scared constructors off investing. estate market resur-
The second-hand property market gence.
picked up a lot of the slack left by the Coastal plots including Marbella and UP AND UP: New
bricks and mortar void. other Costa del Sol settings are benefit- build sales are
Construction companies have started ting most from the return in demand, soaring.
to build again only recently due to a while inland construction still struggles
hike in demand. And Malaga is leading to take off. Only Alicante had a higher rate
the way in the upward trend. The second-hand market still domi- of used house purchases than Malaga,
In total 5,588 new builds were sold nates property transactions. Some which sold 15 properties per thousand held from 2014 to 2016. It
last year, a 22.4 per cent increase 24,712 used dwellings were pur- residents. finished 2017 in second place with
compared to 2016. chased last year out of 30,300 in total, In the overall count - including both 18.39 purchases per 1,000 residents,
The city came third nationally in ab- this makes up 81.5 per cent of all trans- new and used sales - Malaga lost its double the national average. Again, it
solute terms, only beaten by much actions. position as national leader, which it was just pipped by Alicante.
Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN III
Let’s talk currency
Sponsored by
IV EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
Living the dream
ALES of homes
S costing more than
€4 million have in-
creased in 2017
compared to the previous
year on the Costa del Sol.
It comes after the release of
a report from Marbella’s
Luxury home sales rocket
Panorama Properties.
Many of the best located
homes built 20, 30 or more
years ago are being sold to
be demolished and rebuilt or
be completely reformed, the
firm’s representative Christo-
pher Clover said.
Works are sometimes car-
ried out by specialised devel-
opers or otherwise by individ-
uals.
Prices have spiked in Mar-
bella’s most sought-after loca- SPANISH PROPERTIES: selling for €825,000, showing
tions where demand out- how in-demand these loca-
Now is a good time to buy.
weighed supply. tions are, he added.
A concrete example is The profile of the average
Puente Romana where prices buyer is much lower than a
have doubled from rock bot- decade ago at between 30
tom prices in 2011 to now, and 40 years-old.
Clover said. There is a loyal market
A typical two-bedroomed among German and Middle
apartment selling for Eastern buyers
€600,000 in 2011 would now And purchases from
go for €1.15 million on the so- French, Belgian and Nordic
called Golden Mile. residents have also recovered
And a €375,000 apartment since the crisis, Clover
with one bedroom is currently added.
Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN V
Let’s talk currency
Sponsored by
VI EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
PHOTO CREDITS WINKWORTH SPAIN
LOFTY HEIGHTS: The decadent property’s pool is flanked by a luxuriant garden.
Splash the cash
NE of the views of the Mediter-
O most luxuri-
ous man-
sions on the
Costa del
ranean.
Outdoors, a tropical
garden awaits and a
pool sits overlooking the
Sol has gone on sale for sea.
€15.5 million.
The stunning
Guadalmina beachfront
€15.5m mansion on sale The eight-bedroomed
mansion stands out from
other mega properties
property was built in The garage fits eight There is a lift if the room. Sol,” Christopher Vent of for “the quality of its
2016 and has never cars, but more can be lucky buyer is feeling too The Ernest Palanco Ar- Winkworth Spain said. build, the size of the plot
been lived in. parked on the 1.25-acre tipsy to stumble up the quitectura villa construc- The kitchen and main and of the property,” the
It boasts a Turkish plot if it is not enough. winding staircase with tion firm built the man- living area are on the first agent said.
bath, indoor pool, a mo- The constructors have marble banisters. sion in 2016. floor. And the upper floor It sits on 1.25 acres of
saic floored rooftop so- made it easy for the new And it could accom- It has been building stages the main bed- land next to the sea and
larium, jacuzzi, sauna, a owner to make the final modate on-site staff in luxurious properties in room suite and four more is only a five-minute dri-
games room, Italian mar- instalments to a wine cel- the adjacent guest the Middle East for over en-suite boudoirs. All of ve to Puerto Banus, one
ble floors with underfloor lar and cinema if they house, which has two a decade and “is well- them open out onto an of the world’s glitziest
heating and a fireplace. please. bedrooms and a bath- known on the Costa del expansive terrace with ports.
Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN VII
Let’s talk currency
Sponsored by
VIII EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
| Advertising feature by LineaDirecta |
B
LOCKED drains, burst
pipes or even a broken
boiler, accidents around
the home can happen at
any time of the day or night.
Urgent assistance emergency service and is available
24 hours a day, seven days a week.
There’s no need to get your hands
Whatever the minor emergency dirty. No need to get frustrated. No
they can often be daunting, and
cost valuable time and money to
sort out.
for emergency need to worry. With Línea Directa,
one of Spain’s leading insurance
providers, their Home Assistance
Línea Directa knows that owning service will soon sort out any minor
and maintaining a home is a big re-
sponsibility and that extra protec-
tion against accidental damage of-
household repairs accidents around your home and
property.
Línea Directa is definitely an intel-
fers customers peace of mind. ligent decision when it comes to
Accidentally drilling through a water making life in Spain a little bit easi-
pipe in order to hang a picture, can er.
disrupt what is probably already a Best price. Better cover.
busy day.
Now they are offering customers We hope the information provided in
their Home Assistance service that this article is of interest.
covers a wide range of very useful If you would like to contact Linea
guarantees such as emergency Directa please call
change of locks, TV and video tech- 902 123 309
nicians and home computer assis- More information about
tance to help set-up reliable Wi-Fi. Linea Directa online at
One call to our home helpline and www.lineadirecta.com.
we’ll arrange for an authorised con-
tractor to resolve your problem as
fast and efficiently as possible. The
vast supplier network offers accred-
ited professionals with expert
knowledge on electrical, plumbing,
locksmith and appliances. Extreme-
ly convenient and designed to make
customers’ lives a little bit easier.
The Home Assistance service is an LINEA DIRECTA: Best price, better cover.
Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN IX
Let’s talk currency
Sponsored by
X EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
| Advertising feature by Global G2 |
PHOTO CREDITS TWITTER/WSP IN THE UK
One company can resolve
all of your design and
construction needs
LOBAL G2 Arquitectura and ceives an excellent personal service.
G Construccion is a Marbella-
based company which has
Their mission statement is “We are here
to make our customers happy by making
PILLOWS IN A POD: The jaw-dropping design.
Hotel of the
more than 15 year’s experi- their dream come true."
ence in architectural design and renova- Without high overheads, the company
tion of commercial and residential proper- aims to give the best value for money and
ty. understands the absolute need to keep
The company offers a complete turnkey within an agreed budget and to meet
service from initial concept, through archi- timescales.
future
tectural plans, construction and decoration In order to discuss your needs, feel free
all to client specification. to contact Juan Diego de Haro, the man-
Each project is unique and the company ager responsible for customer service on
works closely with each client, advising as +34 636 016 645 and although normal of-
to what will work and what may not so that fice hours are from 9am to 7pm, they are
the final result is exactly what is required. always happy to meet and discuss options SPAIN is in the running to be the loca-
Using their own staff, the company is with new clients at any time, given ad- tion for “the world’s most futuristic
properly registered with the Spanish au- vance notice. looking hotel.” Chelsea’s Stanford bridge stadium.
thorities and once appointed, will arrange Its modular design will feature 42 The Canadian firm hopes for the
to obtain all of the necessary licences in or- For a first class renovation and con- multi-floored suites in 19-metre-tall space-age structures to be located in
der to ensure that the work is carried out in struction service, from start to finish, luxury triangular pods. geographically stunning locations in
accordance with local and national regula- visit G2 Arquitectura and Construccion Canada’s WSP group engineers are keeping with their sustainable, car-
tions. C/ Notario Luis Oliver nº 6, Edificio working on the spaceship-like Tetra bon-neutral compositions.
As a well-established family company, Liceo, 2º A, 29602 Marbella, call +34 hotel with design pioneers from Inno- Sites in Cape Verde, Norway, Cana-
G2 are large enough to be able to offer a 951 829 968, email vation Imperative architecture group. da, New Zealand, Portugal, Andorra,
first class professional service, yet small info@globalg2a.com or view their WSP has also worked on London’s Hungary and the UK are also compet-
enough to ensure that the customer re- website www.globalg2a.com. highest skyscraper - the Shard - and ing for the other-worldly hotel.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XI
Let’s talk currencySponsored by
XII EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
‘Extraordinary’
Spanish homes
Unique quartet showcased by BBC TRANQUIL: Chef Fina Puigdevall’s
underground ‘Rural House.’
BALANCING ACT: The Hemeroscopium
House.
OUR strange Spanish homes The famous chef who cooks in the
F have made it onto the BBC’s
The World’s Most Extraordi-
nary Homes programme.
The first property is the almost invisible
nearby city of Otlot said: “I think it’s a
great idea that you enter the house below
ground level. You never see cars, just na-
ture,” Puigdevall said.
PHOTO CREDIT TWITTER
‘Rural House’ belonging to Michelin star “The smell is very important to me and
chef Fina Puigdevall. the sound of the birds and when cows
She wanted a refuge from her hectic arrive in the morning you can hear them
working life so she took 11 specially pulling up the grass in the field,” she
made steel boxes and buried them un- added.
der a man-made ridge. The second building is a balancing act
THREE’S A CROWD: The ‘House for BLING RING:
And if concealing it was not enough to called Hemeroscopium House on the Three Sisters’ mini village. Solo House 2.
evade peeking Toms, she put it metres outskirts of Madrid. southern Spain. The ‘mini-village’ is made quickly join living spaces with outdoors.
from a farmer’s manure pit. It is made of seven giant concrete and up of three identical and separate hous- Solo House 2 is located in Matarranam,
The boxes are joined by a steel corri- steel beams plonked on top of each oth- es linked by a shared courtyard where an area of north west Spain almost un-
dor with the master suite at one end and er in an upward spiral. Inside one of the the families often dine together. touched by holidaymakers.
three other bedrooms at the other. hollowed-out beams is a swimming pool. Maria, Rene and Manuka realised their An arts project gave full creative con-
BBC presenter Caroline Quinn said: The only thing stopping it from tum- dream of living together as one big family trol to the building’s architects, who were
“It’s aesthetically pleasing, but I imagine bling down is a 20-tonne granite counter- when they inherited their father’s land in set on the circular shape.
it can be a challenge to live with.” weight. the town of Bullas. The home is on a hilltop plateau which
But the design was more popular with “It reminds me a little of Stonehenge,” The final residence is a ring-shaped gives owners of the 45-metre diameter
the Pritzker Architect Prize judges who presenter Quinn said. dwelling nestled in a forest and looks like ring full panoramic views. Its owner,
awarded the property’s designer Rafael Three sisters are close - but not too a spy headquarters. Nature is always at Christian Bordais, wanted to ignore ideas
Aranda its prestigious gong. close - in the third creation on a plot in hand thanks to sliding glass doors which of how people are supposed to live.
. * /) !+/ '
( 0 0 ) 0 0 - ) !+
/ * * * 1 !
2 23 2 - *444
!""#!$$$ %
!&"#!$$$ %
Just released Stunning Villa
' ( ' ( ' ,
*+ - )
)
Great value for money
+34 650 952 084 info@rocestates.com www.rocestates.comSponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XIII
Let’s talk currencySponsored by
XIV EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
Brits’ boom time
RITS are no longer scared mans and Romanians with 8.4, 8.1 and
B by the Brexit effect as they
buy more houses in Spain
for the first time since the ref-
Buyers retur n as 6.8 per cent of the foreign buyers’ mar-
ket respectively.
There was a spike in Ecuadorians and
erendum. Portuguese buying up in Spain. They
British demand for Spanish property
took a nose dive after compatriots voted
for the United Kingdom to leave the Eu-
fears subside bought 250 per cent and 131.4 per cent
more in 2016 than the year before.
Cataluña’s illegal independence vote
ropean Union (EU) in 2016. on October 1 also hurt foreign demand.
House sales plummeted 23.6 per cent Transactions grew just 2.5 per cent
in the second half of 2016 and another during the second half of 2017 - at the
16.1 per cent in the first semester of heart of the crisis - but they grew 19.8
2017. per cent in the first half of the year.
Potential buyers were scared of a de- The Cataluña crisis was not enough to
valuing pound and political insecurity. stop foreign purchase growth at a na-
The British have been Spain’s number tional level, which hit 14.1 per cent year-
one foreign real estate client for many on-year.
years. And now the notary ministry’s lat- EU buyers bought two-thirds of the
est statistics show Brits are once again 49,553 dwellings sold in 2017, and the
eyeing up the Spanish market. Trading remainder went to non-EU residents.
with them grew 7.8 per cent in the sec- Foreigners are also upping their
ond half of 2017. budget and paying more per
But the green shoots do not mean square metre than previously. They
Brexit has not left its mark on the market. paid 5.7 per cent more on average
The British bought almost a quarter of all compared to 2016.
Spanish properties sold to foreigners in And non-EU buyers are paying
2015. over €500 more than their EU counter-
The figure is now just 14.3 per cent. parts for the same sized plots.
The United Kingdom still leads the for- The trend started in 2014 when the
eign pack, trailed by the French, Ger- NO BREXIT BOO HOO: Housing demand has picked up. ‘Golden Visa’ was introduced.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XV
Let’s talk currencySponsored by
XVI EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
ROUND HILL capital management
firm will build 135 homes on the Costa
del Sol in 2019 in a €250 million
scheme.
Viva la revolution
It will team up with Villarroel Torrico
architecture. The award-winning com-
New homes to feature nanotechnology
pany is a veteran on the coast having tacular views” thanks to the
constructed three million metres way the plots’ land lies, ac-
squared of real estate over the last 40 cording to the firm.
years. “The designs’ modernity and
The buildings will take 18 months to state-of-the-art technologies
build and form the second phase of make the apartments stand
the Palo Alto project in Marbella. out,” it added.
A total of 600 properties will be built Villarroel Torrico will apply
PHOTO CREDITS PALO ALTO MARBELLA
in the Palo Alto area. Works will be nanotechnology paint to the
staged in two phases and the total in- inside walls, purifying the air, eliminat-
vestment is valued at €250 million. ing bacteria and mould and repelling
“The objective is to put maximum dust.
quality properties on the market,” It is the first time the ‘revolutionary
Round Hill said in a statement. paint’ will have been used, project ar-
The apartments will each be be- chitects confirmed.
tween 100 and 180 metres square and Prices will start at €400,000 and
have two to four bedrooms with “spec- BREATHTAKING: Rolling hills provide spectacular views. reach €1 million.
SPAIN’S economy minister has admit-
ted to organising a ‘safer’ fixed-rate
mortgage for himself ahead of a pre-
Lend of an era? repayments.
But the ECB is expected to increase
rates as early as next year now indus-
dicted interest rate hike. decisions that anyone makes in their pected rise in interest rates. try is stronger.
The comments were made during life from a financial point of view,” the The European Central Bank (ECB) This could trouble millions of
an interview on Spanish radio in which official said. has been pumping money into mar- Spaniards who owe around €500 bil-
Roman Escolano told people to be “It’s a decision that affects you for kets to lower rates and give a much- lion overall, much of which is due in
careful when taking out variable-rate many years and precisely for that rea- needed boost to the crisis-stricken floating-rate mortgage repayments
house loans. son I would urge caution.” European economy, saving borrow- racked up after the 2008 housing bub-
“This is one of the most important The advice comes ahead of an ex- ers hundreds of Euros per month in ble burst.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XVII
Let’s talk currencySponsored by
XVIII EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currencySponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XIX
Let’s talk currencySponsored by
XX EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
W
O R L D - F A -
MOUS Catalan
architect An-
toni Gaudi’s
first residential building
Right move! Luxury
is now open to the pub-
lic.
Six of the modernist’s
jobs boost
designs are already list- THE job market has been boost-
ed as UNESCO World ed by strong luxury real estate
Heritage sites, and one, market growth in the ‘golden tri-
Casa Vicens, can be vis- angle’ of Marbella, Estepona and
ited for the first time Benahavis last year.
since it was built in 1885. The sector generated €350 mil-
Fans regard the prop- lion in 2017 - an improvement on
erty, located on Carrer 2016 - according to figures pub-
de les Carolines in the lished by the high-end property
Gracia neighbourhood of association D0M3.
Barcelona, as his first A total of 800 stable jobs were
masterpiece. created by luxury new-builds.
Constructed as a sum- An extra 4,000 posts stemmed
mer residence for the directly from building projects
well-heeled Vicens fami- and another 12,000 were created
ly, it is described as a through knock-on effects.
“laboratory in which It is not just the building
OH MY GAUD: The
Gaudi developed the vo- process itself which employs
cabulary of decorative
stunning Casa Vicens. traders like bricklayers, architects
motifs and symbols he nature of his style. and designers, Pou said.
would use in his later It has been lovingly re- Each residence employs an av-
works.” stored with a modern erage of between two and four
The then 30-year-old staircase and lift in- staff once finished, including gar-
was handed a blank can- stalled to improve acces- deners, cleaners and cooks.
vas to design the house, sibility, and can be con- “Each luxury home is a small
and it is filled with wildly sidered a must-visit for enterprise,” association presi-
colourful nature-inspired visitors to the capital of dent, Laura Pou said.
forms that became a sig- the northern region.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XXI
Let’s talk currency
BENAL BEACH TORREMOLINOS BENALMADENA
SEA VIEWS, ONE BEDROOM, 1 BEDROOM, POOL AND STUDIO, GREAT INVESTMENT,
FANTASTIC POOLS AND GARDENS AREA, 2 MIN WALK COMMUNITY POOLS, NEAR TO
GARDENS, 60 M2, 40 M2 LARGE TO BARS AND RESTAURANTS, ALL NECESSARY FACILITIES,
TERRACE, 2 MINUTE WALK 43 M2, IDEAL FOR INVESTORS 31 M2
FROM BEACH
PRICE 165.000 EUROS PRICE 99.000 EUROS PRICE 75.000 EUROS
PUERTO MARINA EL PINILLO ARROYO DE LA MIEL
1 BEDROOM, FIRST LINE 3 BEDROOM, PANORAMIC 5 BEDROOM VILLA, PRIVATE
APARTMENT ON THE BEACH, VIEWS OF MOUNTAINS, 98 M2, SWIMMING POOL AND
VIEWS OF PUERTO MARINA, INCLUDES PARKING AND GARDENS, 300 M2, LARGE
FANTASTIC HOLIDAY STORAGE. GREAT FAMILY HOME TERRACES ALL DAY SUN
APARTMENT, 51 M2
PRICE 140.000 EUROS PRICE 198.000 EUROS PRICE 350.000 EUROSSponsored by
XXII EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
Batten down the hatches
N Y O N E
A looking for
seclusion
on the high
seas may be interested
in a string of 19th centu-
ry forts that have re- BON VOYAGE: No Man’s Fort has
cently gone on the mar- impressive ocean views.
ket for £11 million
(€12.6 million).
The three sea fortifica-
Pushing the
tions, lying in the Solent
between Portsmouth
boat out
and the Isle of Wight, NO MAN’S FORT is the largest of
CREDIT: SOLENTFORTS.COM
are currently being the three up for sale with a price tag
used as luxury hotels of €5.7 million. It houses 22 rooms
while one of them is be- FORTIFIED: Three and suites which can sleep up to 44
coming a museum. forts are up for sale. guests and there is room for more
They were built in the than 200 people for events.
late 18th century to It also features its own onsite pub,
ward off potential invad-
ing forces from France’s
‘Historical charm’ the Lord Nelson, as well as a
cabaret club, roof top fire pits and
Emperor Napoleon III, a SPITBANK FORT boasts eight bedroom suites, as well as a several tunnels currently used to
descendent of bar, hot pool, sauna and a roof deck which the owners So- play laser tag. Owners Solent Forts
Napoleon Bonaparte. lent Forts said would be ideal for sunbathing. said it was Britain’s most secluded
They were later made The owners added it was packed with “historical charm” alternative venue.
part of an anti-subma- and “intrigue,” all for a price of €5.7 million. “With floor to ceiling windows for
rine barrier guarding “The circular floor plan means you experience the world an unrivalled panoramic view of the
the Solent from German from a totally new perspective. With stunning panoramic fierce beauty and dramatic
U-boats in the Second SHIP SHAPE: Spitbank Fort costs views across the Solent and passing yachts in your sight, seascape, this really is the venue
World War. €5.7 million. this is a tranquil setting,” they said on their website. that pushes the boat out,” they said.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XXIII
Let’s talk currencySponsored by
XXIV EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
Rentals ramp up
PHOTO CREDITS ENGEL & VÖLKERS
ALAGA City’s real es- ket making buying a riskier option creases would continue for the next
M tate prices continue to
‘grow intensely’ and
rents are eating further
and further into household salaries.
and more profitable tourists’ rentals.
But increasing backlash from au-
thorities on the latter could release
some pressure on locals’ pockets.
six to 12 months given the prevail-
ing demand, mortgage and acces-
sibility conditions.
Current rates are actually growing
RARE CHANCE: The one-time
President’s getaway is up for grabs.
Average Malaga rents consumed Spanish properties are set for a 6 moderately because statistics do
30 per cent of tenants’ income last
year, 10 per cent higher than the
per cent price hike by the end of
the year. But the going rate in Mala-
not capture the housing market re-
covery in local areas where de-
Presidential living
national average. It makes the ga, Madrid, Valencia and the mand is intense and supply “very A PROPERTY which belonged to ex-president of
southern city the most expensive Balearic Islands could grow by up limited,” CBRE said. the Spanish government is now on sale for €13 mil-
place to rent in Spain, according to to 10 per cent, CBRE’s 2018 resi- And housing sales are expected lion.
a report by real estate firm CBRE. dential report predicts. The figures to reach 575,000 at a national level, The villa, built in 1997, is located in the Son Vida
The next priciest spots are confirm large cities, whose resi- or an 8 per cent annual growth rate. neighbourhood of Mallorca. The then president -
Barcelona, 28 per cent, Sevilla, 27 dents are wealthier on average, But the firm calmed concerns Adolfo Suarez, who died in 2014 - used the retreat
per cent and Madrid at 26 per cent. continue to be the strongest about another housing bubble and for holidaying until it was sold in 2000.
Forces driving higher rental costs sources of buyer demand. said the current climate is unlikely to The buyer totally refurbished the house before
include a changeable labour mar- The company predicted price in- cause one. selling it to the current owner.
It has eight bedrooms, one of which was
Suarez’s mega private suite boasting its own living
space, two bedrooms and two bathrooms.
Several wings divide the ground floor which links
the different living rooms, library, dining room,
kitchen, serviced apartment and two garages.
A central patio sits at the centre of the hexagonal
house.
And the pool area is surrounded by Mediter-
ranean gardens.
The presidential hideaway is completely isolated
from outsiders down to its 4,670-metre plot and pri-
vate location.
SOARING: Malaga is now among German real estate company Engel & Völkers is
the most expensive Spanish cities. selling the villa.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XXV
Let’s talk currencySponsored by
XXVI EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
19TH CEN- den in the traditional
A TURY coun-
try home
which once
stood derelict has come
Spanish villa style. It
has seven bedrooms
and bathrooms spread
across two storeys.
on the market after a The architecture is
seven-year refit. filled with Moorish influ-
The Palacio sits on ences and there are
around 3.5 hectares of materials from Morocco,
land about half an hour as well as from Spain
CREDIT: FINEANDCOUNTRY.COM
away from Sevilla, plac- and France, inside.
ing it further inland than The drive up to The
many luxury properties Palacio features olive
currently on the market. trees and oleander
RURAL RETREAT: The Palacio
Sellers Fine and bushes before arriving
Country said the house, features 3.5 hectares of land. at an iron gate. It is sur-
which has a price tag of rounded by its land
Country pile!
€3.5 million, was one of which also includes
the finest country olive groves.
homes in Andalucia. Amenities include a
“The Palacio lies with- country-style kitchen,
in pretty, rolling country- complete with an Aga
side, a patchwork quilt stove, as well as en-
of olive groves, sunflow- suites for every bed-
ers and cereal crops,” room and a Moorish-
the estate agent said. look heated indoor
“This makes the loca- pool.
tion ideal for all kinds of Five bedrooms sit on
outdoor activities in- the bottom floor while
cluding horse riding, two larger rooms occu-
paragliding and cy- py the first. At the rear
cling.” of the property is a ter-
The almost 4,000- race garden and out-
square metre house door pool, as well as
was built around a cen- grounds filled with man-
tral courtyard and gar- zanilla olive trees.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XXVII
Let’s talk currencySponsored by
XXVIII EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
RED MED: Andalucia’s properties sold most according to the latest data (inset).
The pull of the Med
Coast leads Spain’s real estate revival
NEW report But the first two are well total of 8,199 properties
A has shown
how
housing
the
market revival is divided
ahead of the rest with
24,481 and 20,677 prop-
erties sold in the first four
months of the year re-
were sold there in 2017,
20 per cent more than
the year before and the
most since 2009.
according to region. spectively. And Castellon’s suc-
A total of 52.4 per cent However, sector enthu- cess spreads to the rest
of housing transactions siasm is cooled some- of Valencia’s community
were on the Mediter- what by fears of munici- too. There were 19,738
ranean coastline and pal crackdowns on properties sold in the first
Spanish islands in the holiday rentals especially two months, marking a
first four months of the in Palma de Mallorca, 19.7 per cent increase
year, according to the Valencia and Madrid. on the previous fourth
College of Property reg- But the positive results months.
istrars’ figures. outweigh these concerns The market buzz is
The best performing for the time being. mainly driven by invest-
regions in total sales Even Valencia’s Castel- ment in rental properties,
were Andalucia, lon - one of the housing helped by higher em-
Cataluña, the Valencian crash’s deepest black ployment rates and read-
community and Madrid. holes - is recovering. A ily available credit.
THERE is a reason enjoy some of the Al-
Granada’s parador is
one of the most expen-
Just hambra’s romantic
rose gardens in priva-
sive in Spain’s state- cy.
owned historical hotel
chain.
Moorish The hotel itself sits
within a 14th-centruy
The retreat is located palace enjoyed by the
within Spain’s most ruling Nasrid family be-
renowned fortress-palace, the Alham- fore being converted into a Catholic
bra. It is simply Granada’s best locat- convent. But Moroccan lanterns and
ed hotel just minutes’ walk from the Moorish patios evoke the palace’s
palace’s scented flower-beds and in- original occupants.
tricate Arab architecture. Views from the parador are spec-
Guests enjoy a unique opportunity tacular expanding for miles along
to spend the night in a building lay- Granada’s green plains as far as the
ered with history and imagine life as eye can see.
Moorish nobility. Double room prices reach €435 in
After the masses have left, guests high season, but the low season is
can step out of the hotel’s doors and cheaper at around €210.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN IXXX
Let’s talk currencySponsored by
XXX EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currency
By Joe Gerrard agents Moulin.
It comes complete with al-
F you have ever most two-metre wide stone
I wanted to live in
your very own
fort then you may
be in luck as castles are cur-
walls, nine bedrooms and a
3,000-square-metre court-
yard. Its walls also feature 12
cannon loophole and the
rently available on the mar- castle’s old moat is still visi-
ket. ble in places.
The first of these is a 13th A more intimate and home-
century build sitting in the ly choice can be found in the
Badajoz region, Extremadu- Costa Blanca. The turreted
ra, around two and a half country home was built in
hours in the car from Sevilla. 1900 and is surrounded by
The castle is currently in mountain views as well as
the hands of a family whose being about 30 minutes from
ancestors bought it in 1906 the coast.
and spent the years following Estate agents Moulin said
undertaking restoration works the house offered “total tran-
leaving it in great condition quillity” with no neighbours,
today. although a town with shops
The fort comes with a 450- and leisure offerings is only a
hectare estate and features FORTRESS: The Badajoz castle dates to the 13th century. few minutes’ drive away.
50 living spaces, six large The castle lay derelict
bedrooms, three bathrooms around 10 years ago and it
and nine lounges. A small on
site museum and stables are
included, all for the sum of
€14.5 million.
Kings of the castles has since undergone major
restoration work.
It now comes complete with
a swimming pool, kitchen,
For those looking for a front Bastide for sale in La This fortified chateau was and witnessed significant lounge, bedrooms and a sit-
cheaper and more modern Coruna in Galicia for €3 mil- built in 1746 to defend the battles and has featured in ting room in the turret for a
option there is the ocean lion. waterways of the region books, according to estate price of €2.6 million.
Green homes underway
Rent returns PUBLIC housing authorities in Navarra
have begun building more than 500 en-
ergy efficient social properties.
standard properties, according to envi-
ronment NGO The Climate Group.
The project comes with the backing
The buildings are near zero-energy of a €40 million loan from the European
(NZEB) units and keep power usage Investment Bank. NASUVINSA, Navar-
down due to their design and the mate- ra’s social housing body, is set to man-
rials used to make them. age building works for some 78,000
Energy consumption is around 75 square metres of housing during the
per cent lower in such homes than in next three years.
New law ‘overdue’
A NEW regional real es- tities who provide media- tablishment open to the
tate law aims to ‘profes- tion services, advice and public, no criminal con-
sionalise’ the sector. management in real es- victions and permanently
Law 1/2018 - passed tate transactions,” the guarantee any money
on April 26 - makes it new law reads. they handle.
compulsory for anybody It includes the “pur- And it will not be
working in the property chase and sale opera- enough for mediators to
trade to sign up to a new tions, option of purchase, expect clients to know
PROFIT BOOST: Las Palmas province in the Canary Islands is faring best. public registry, Spanish rental, exchange or trans- their rights. They are
legal and property spe- fer of real estate and the legally obliged to inform
RENTAL housing in Spain offers an av- months ago. cialist Alex Radford said. rights relating to such op- interested parties what
erage return of 5.7 per cent, according The average return on rent in the The legislation is “wel- erations.” their entitlements and
to a study of property profits from a provinces was 5.8 per cent in come and overdue” at a Anybody involved in obligations are. In addi-
market research firm. Barcelona, 5.9 in Cadiz, 6.1 in Huelva, time when the real estate these transactions will be tion, if they do not return
Servihabitat Trends said the average 6.4 Las Palmas, 5.9 Madrid, 6.3 Valen- market is beginning to lift held to account by the deposits as per the con-
rate of rent was estimated to rise by cia, and 5.8 Zaragoza. off again, Radford new laws and the discipli- tract, they could face
between 1.5 and 2 per cent in the first The company added the supply of added. nary regime which fines of up to €6,000.
half of this year. rental properties in Spain was believed It only takes a few cas- comes with it. Radford said that peo-
The firm’s study claimed the current to be around 90,000, around 8.1 per es of bad practice to af- But workers must meet ple should seek indepen-
average price of rental homes be- cent less than those available in Sep- fect the whole industry, five key criteria to regis- dent legal support to
tween 80 and 90 square metres was tember 2017. The study claimed the he added. ter. They include having “protect their interests” in
€680 per square metre. This figure was fall was due to less time being taken The crackdown applies proper professional train- the case of any dodgy
9.7 per cent higher than the one six for people to rent homes on average. to “individuals or legal en- ing and insurance, an es- dealings.Sponsored by
PROPERTY GUIDE Currencies Direct 31 May - 6 June 2018 EWN XXXI
Let’s talk currencySponsored by
XXXII EWN 31 May - 6 June 2018 Currencies Direct PROPERTY GUIDE
Let’s talk currencyYou can also read
