Keeps you informed on the latest Marbella´s essential  property investment and other news!

We only deliver short
information paragraphs. We are not a News Agency, our business is Real Estate!
However, we beleive, we should keep you informed on key issues!  


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Sunday, 26 July 2009
Saturday, 25 July 2009


Saturday, 25 July 2009




July 18, 2009

THE RIGHT TIME TO INVEST IN MARBELLA PROPERTYIS NOW!

2009 continues to be characterized by a general and continuous descend of Marbella´s Property Prices. The market is responding and property sales are picking up, however rentals and rentals with the option to buy continue to be the most demanded products.

Marbella offers now the lowest property prices since the last four years. Indeed, the average price per square meter built has gone down from 3353 € in July 2005 to 2653 € in March of 2009.

The reality is that due to the fact that other European Economies such as the British, which generated many Marbella Home owners in the past, are not doing well, these owners are now often forced to sell there second home in Marbella. Therefore it is the right time now to make real bargains at average prices per square meter built ranging between €1500 and € 2000. These Bargains are driving the property market.

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Even brand new luxury property in Marbella prime locations, can now be bought 25%-30% cheaper than one year ago. Such as the following properties:

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Marbella´s Urbanistic Plan-PGOU-is to be approved provisionally on the 29th of July 2009, which will start bringing Juridical tranquillity to owners and future home buyers.

Combined with the fact that Marbella is one of the best areas in Europe to live because its quality of life, the planned investment of linking the City to the High Speed Train in three years time, the many improvements that are being made at the moment to the City and the myriad of International Events (such as the Davis Cup) taking place, will without any doubt put the City Back on investors agenda.

However, the right time to invest is now!

OLIVAR ESTATES IS SPECIALIZING IN THESE PROPERTY BARGAINS.

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March 28, 2009

Marbella is now officially candidate for hosting the quarter final elimination of the Davis Cup between Spain and Germany which will be held on the 10th, 11th and 12th of July 2009.
 

Amongst the four applications presented on the 23rd of March, the Royal Spanish Tennis Federation (RFET) has retained the applications of  Marbella, Zaragoza and Puerto de Santa Maria (Cádiz).  


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March 26, 2009

EVOLUTION OF SALES PRICES IN SPAIN FIRST QUARTER 2009

 

Property sales prices have gone down in the whole of Spain,  during the first quarter of the year 2009.
This reduction is however not larger than 5%, with the exception of Palma de Mallorca.  

For this market study 340 municipalities all over Spain have been  taken into account.

In 90.3% of these, property prices have gone down and in 9.7% of these locations prices

have gone up.

To achieve conclusions, Idealista.com, has considered the sales prices of 83.737

second hand properties all over Spain, which are listed in their database.

The analyzed

period, is between December 19th 2008 and  March 23rd 2009.

Barcelona has registered a selling price decrease of the order of 3.3% (average sales price

 per sq meter, now at € 4.216-nearly the same level of the second quarter of 2005).

In Madrid,  the decrease was smaller (only 1,7%). However, for the first time, the sales price

 per sq meter  went below the level of € 4.000, registered in 2005.

In Sevilla, average property selling prices of second hand homes are now at € 2.851 per sq meter.

Bilbao only registered a decrease of 0.2%.

The largest fall in prices has been registered in Palma de Mallorca with 8.8% during the first quarter of the current year.  

This study gives an overview how prices have behaved in the various Communities/Regions

of the Country.

In Andalucía, prices decreased by 1.1% throughout the region.

 MARBELLA property is now on average 12% cheaper than one year ago and during the last quarter property prices went down with 3%. The average sales price per sq meter is now € 2.421, against € 2.496 three months ago and € 2.751 in March 2008.

PLEASE CLICK ON Olivar Estates leaves FOR THE FULL MARKET STUDY (in Spanish) BY IDEALISTA.COM

MARCH 2009



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March 26, 2009

Spanish banks are now effectively the largest developers in Spain due to a huge number of loan defaults by developers large and small . Developers are not offering the best prices, banks and distressed sellers are.

OLIVAR ESTATES IS SPECIALIZING IN THESE PROPERTY BARGAINS.

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March 25, 2009


High-end properties are still in demand despite the current economic slow-down. Champneys, the largest destination health spa group in the UK, have reported a few days ago, strong sales of properties at their new exclusive Spa Resort in Marbella. This reflects the fact that the top end of the market is not as susceptible to market conditions as the mainstream and there is no sign of a decline in demand for these types of properties.


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MARBELLA INTERNATIONAL ARTS FESTIVAL

 

 1st International Art Fair to be held in Marbella on 19,20 and 21st June 2009.

Everything from painting to sculpture, photography, ceramics and digital art.

Contact: festivalartemarbella@gmail.com

Start Date: 2009-06-19
End Date: 2009-06-21

http://www.festivaldeartemarbella.com/


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November  15, 2008


Marbella council is cracking down on environmental offences. After spending 15 months and more than 150,000 euros on campaigns to raise awareness of the importance of keeping the streets clean, the Department of Cleaning and the Environment has now moved on from prevention and is taking a firm hand. Since new controls were put into force recently to ensure that people comply with the regulations, 84 fines have been issued, totalling 32,100 euros. These controls are carried out by just one plain clothes officer from the Local Police force, and a team of environmental officers who watch out like hawks for offenders.
Between the 15th of September and the 15th of October, the council issued 36 fines for putting rubbish into containers at the wrong time of day, leaving rubbish outside the containers or leaving items in the public street. Twenty-five fines were imposed on pet owners who allowed their animals to defecate in the street and didn’t clean up after them, and a further 23 fines were issued to the owners of plots of land which are covered in weeds or contain rubble or rubbish.
In the first of these cases, the fines range from 100 euros for a householder who puts their rubbish into the container outside the official hours for doing so, which are between 9 and 11 p.m., and 600 euros for hotels and other businesses which do the same, but who are disposing of much larger quantities.

Rubbish left outside
The council is also fining people who leave their rubbish outside the containers, those who leave garden refuse such as tree cuttings around the bins, and those who decide to leave domestic electrical items and grandma’s sofa beside the rubbish containers because they can’t be bothered to phone the Town Hall to have them collected. Dog owners, on the other hand, are having to pay up to 300 euros for not picking up their pets’ excrement from the street.
Antonio Espada, the councillor for the Environment, says that since the local authority began issuing the fines, pet owners are “beginning to take notice”. It seems that hitting people in the wallet is rather more effective than appealing to their civic conscience. The Environmental Department is prepared to go on fining people for these types of offence, because they affect everybody and give the town a bad image. However, the informative campaigns will still continue to try to warn people against committing the offences and appeal to their sense of responsibility.
The main problem at the moment is tree cuttings. The team of environmental officers, which is formed by six people, is on the alert for the large amounts of garden refuse which are thrown alongside the rubbish containers. The problem, according to Antonio Espada, is that the rubbish collection lorries are not equipped to collect this type of refuse. Householders are therefore advised to tell the companies which carry out this type of work to take the cuttings to the Environmental Treatment Centre, or to do it themselves via their community of owners.

SOURCE: Sur In English


November  12, 2008

Marbella Town Hall will pay 7,540 euros to a private company to cut down and destroy 50 palm trees in public streets and gardens - not those on private property - affected by the dreaded red palm weevil pest. The reason they have employed Macías Vera S.L. is because their own municipal resources are not sufficient to deal with the job efficiently and quickly.
The cutting down of the affected trees was being done by municipal employees after the Junta de Andalucía stopped work on it but as councillor Pablo Moro pointed out: "We're going very slowly. The job requires specialist machinery which we don't have ... We only cut down half of one or two trees a day."
The Town Hall said they felt the need to intervene to get the job done more quickly in Marbella, where there are more than 50,000 palm trees, after the Junta de Andalucía free of charge service was suspended. "It looks like they've run out of budget and now Marbella and San Pedro residents have to pay for it," said Félix Romero, municipal spokesperson before adding that the cost of the job will be claimed back from the regional council.



SOURCE: Sur In English





November  7, 2008


Juan Antonio Roca, ex Municipal Real Estate Assessor and the man at the centre of the Malaya and saqueo corruption cases in Marbella, denied on November 6th to the prosecutor of the National Court, that he had used his own companies to divert public money from the Marbella Town Hall between the years 1991 and 1995.

He suggested that someone in the Town Hall had taken advantage of his accounts. The anti-corruption prosecutor is asking for an 8 to 10 year prison sentence for Roca.

Roca, is alleged to have transferred some 36 million Euro to his accounts.


October 30, 2008

Spanish property has been listed as still being the most popular choice for overseas investment in bricks and mortar by Britons, it has been stated...

Overseas property magazine Buy Association said the credit crunch has not stopped large numbers of UK buyers chasing their dreams of owning a property in the country.

The firm stated that because of recent price falls caused by the end of the boom Spain has "some of the best deals in the international real estate market at the moment".

It gave the example of a property in Estepona on the Costa del Sol, which has a bank valuation of £290,310 but is up for sale at £163,078.



October 17, 2008

Ángeles Muñoz, Marbella´s Mayor, has now said she will fight to stop a single home from being demolished.


October 13, 2008

Despite of the General Crisis, property prices continue to increase in Marbella.

The average cost of Property in MARBELLA has increased with  1, 65 % in comparison with the level of property prices – same period in 2007.

The average price per built square meter in Marbella is now € 3.149.

Average selling prices in the Province of Malaga went down by  5, 41 % .

Main reason for Marbella´s Golden Mile Prices registering an increase, is the lack of building plots within the frame of the inexistence of an approved General Urbanistic Plan (Plan General de Ordenación Urbana) and the lack of available property for sale caused by this situation.

Our check, reveals that in this area of the town, the average size of a property is 164,3 square meters at an average selling price per property of € 663.555. This brings the average selling price per square meter on Marbella´s Golden Mile at € 4.039.

In other locations of the City the average price goes down to € 3.149.

ACTUAL AVERAGE SELLING PRICES IN OTHER TOWNS OF THE COSTA DEL SOL

MIJAS              € 2.650/sqm (best locations)-€ 2.360 (other locations)

ESTEPONA       € 3.727/sqm (best locations)-€2.407 (other locations)

 

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October 6, 2008
Agreement has been reached between the Partido Popular Mayor of the town and the Junta de Andalucía.

Mayor of Marbella, Ángeles Muñoz, has reached agreement with the Junta de Andalucía to regularise most of Marbella´s Properties. 

This agreement takes the number of outstanding illegal properties in Marbella down to 500.

Some of the Developments, such as Banana Beach, remain outside of this agreement.

We are getting there, as to the legalisation of all existing Marbella properties!

This is good news!

As from the moment, Marbella will have a new legalized urbanistic plan, agreed with the Junta de Andalucia, then the City, will be again one of the best spots in Europe to invest. 
 
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