According to Premier Marbella news sources, the Marbellla property sector has had some fresh wind put in its sails. Urban planning licenses valuing over 17 million euros have been approved in Marbella. These include projects for luxury villas in Santa Clara and La Cequilla. There are also two complexes of 44 and 41 homes to be built in Nueva Andalucia. A clear indication of the continued growth in the Marbella property sector. A recent report on the Spanish property market shows that building permits in 2017 are up 86 per cent in the Malaga Province. A total of 3,830 permits were issued to the end of September, the highest since 2008. Continue reading
Spanish property sales rise after a slowdown during Easter
According to Premier Marbella news sources, a recent report on the Spanish property market shows that Spanish property sales rose by 19.3% year-on-year in June to 44,135 units, according to data from the National Statistics Institute (INE). New build property has had a significant increase with 7,899 new homes sold, levels that were not seen since January 2015, which shows that the new construction has started to have a more relevant role in the sector. The sale of used or second hand property rose 19.2% year-on-year to 36,236 units. Continue reading
According to Premier Marbella news sources, a recent report was issued by National Institute of Statistics (INE) show that the Spanish property market expanded by 15% in 2016, the biggest increase since the property boom years. Last year 13.25% of all Spanish property purchases were made by overseas buyers equivalent to 53.000 transactions and British buyers represented 19%. Continue reading
According to Premier Marbella news sources, a recent high court ruling regarding Plusvalia Tax opened the pathway for an increasing number of Spanish property owners to take legal action against local councils over the forced payment of Plusvalía Tax even when there is a substantial value loss on the sales price.
According to Premier Marbella news sources, it is forecast that this year Spain will register around 440,000 property sales, which would represent an increase year on year of almost 12%, pushing the total in property transactions to a value of over 20,000 million euros, well above the 18,000 million euros accounted for in property transactions in 2015. The Marbella property market is on the forefront once again with growth in this sector expected to double in 2016. Continue reading
According to Premier Marbella news sources, a new avant-garde resort will be located on 74 acres of land in the Casares municipality of Malaga. The development will feature Europe’s first 1.5 hectare Crystal Lagoons orientated towards swimming, kayaking, wind-surfing, paddle surf, canoeing and other water sports activities. Consisting of 450 apartments of which 100 are already built and 350 new apartments will be added in various phases to the development. The company behind Crystal Lagoons has developed 300 similar resorts worldwide. Continue reading
According to Premier Marbella news sources, there is renewed optimism in Marbella property market with data just released showing 2015 has seen record numbers for new building projects in the Malaga province. Planning approval in the third quarter was given for 922 new homes, a figure that has not been achieved since 2010. This year a total of 1,792 permits were approved, which is three times the amount for the same period in 2014. There are six new residential projects underway in Marbella, which will include construction of 200 apartments. Continue reading
Investment in the European real estate industry has grown by 25% over the last 6 months, compared to the same period last year, resulting in the fasted growth rate seen since 2007, according to a recent report by international consultants, Savills.