Alan Wentworth-Harley's Marbella Property Insider

Yes the Brits are still the number one foreign buyer of property in Spain. Latest  figures out show that the amount of sales continues to rise year on year,  Also Spain is enjoying a fantastic tourism season breaking numbers on the same time last year. The first two quarters of 2016 residential property figures are now out and, similar to tourism figures, residential property sales continue to increase. Residential property sales are up around 23- 24 per cent on the same period last year and new home sales are also stronger than 2015. With foreign buyers representing approximately 15 per cent of all residential property sales in Spain but in popular locations such as the Costa’s the foreign buyers tend to dominate the local residential property sales market. There is also good news for house prices as in the first two quarters residential property prices continued to rise, good news for investors looking for capital appreciation. Residential property sales figures at the e

By examining property trends in the past years, a professor of financial management has stated that the upturn in Spanish property prices will continue to at least 2025 making Spain a leading investment location for property buyers. Home values have risen by an average of 6,3% in the first quarter of 2016 which is the highest increase in 8 years and this is set to continue due to the increase in property hunters flocking to Spain. Properties which had previously been on the market for over 5 years have now been snapped up at great prices but owners are now realising that the demand for property here in Marbella is high and prices are now on the increase. New build properties are sold out before they are built as the banks are now guaranteeing the work will be done within the specified time lines given by the developers.   My advice would be for anyone interested in buying a property here to make arrangements to visit soon as proper

Sheikh Abdullah Ben Nasser Al-Thani , the owner of Malaga football club was to invest over 400 million €  in the new port situated in Marbella , plans included a 200 metre quay for cruise liners and a brand new 6*hotel nestled between bars restaurants designers shops etc but now the Qatari sheik has decided he no longer wants to commit. Disney would like to turn it into a water based theme park based on movies such as finding Nemo. Pixar Port would be extremely popular with tourists who already flock to Marbella due to its fantastic climate and classy restaurants bars and clubs. In the words of toy story let’s hope this takes Marbella to infinity and beyond!!

After the great success this valentine’s day  la sala restaurant /bar on Gibraltar’s sunborn yacht hotel is proving to be  popular amongst the stars including premiership footballers and wags , maybe that’s because its part owned by a string of former players in the premier league. La Sala is already the place to be seen and mingle with the stars in Nueva Andalucia, since the show the only way is Essex or life on Marbs was broadcast on ITV Be it seems to have attracted even more customers hoping to catch a glimpse of famous faces. Special offers to stay on the Sunborn Gibralta start from £225 a night which includes a 3 course dinner, 1 nights’ accommodation and buffet breakfast, not bad for those looking for a great place to celebrate a special occasion.

This new development is set to become one of the most exclusive golf projects in Europe. The luxurious project called Valderrama 2 of over 200 hectares , in the Castellar municipality will consist of a  hotel and possibly some residential homes built to the standard in La Zagaleta’s, where homes start from around €3 million. Zagaleta, just outside Marbella, is Spain’s most luxurious residential development with many celebrity residents, while Valderrama’s golf course has known international prestige since it hosted the 1997 Ryder Cup. The Valderrama purchase itself is reported to be €40 million, while the total investment, building another Championship golf complex ‘of the highest level’ is set to reach around €240 million. The project will unfold over the next decade, and La Zagaleta group has expressed its cooperation with the Real Club Valderrama, to preserve the exclusivity that the brand has built up over many years to become a European landmark.