Mijas Costa Property Market Report July 2009 from Spanish Hot Properties · Costa Del Sol Malaga EU

Mucho More About Here: http://costadelsolmalaga.eu/

2009 has been really interesting year so far for the Spanish property market the Mijas Costa property market has been no different. In an area of huge over building and very low prices certain areas of Mijas Costa offer incredible value with some apartments as low as €130,000 Euros according to Spanish Hot Properties marketing and operations manager Susana Suspenda.

“The first thing you have to understand about the Mijas Costa property market is the area itself. The municipal area of Mijas covers almost 140 square kilometers, extending from the mountains down to the sea surrounding the municipality of Fuengirola. The Urban áreas of Mijas are Mijas Pueblo, Las Lagunas, La Cala de Mijas and Mijas Costa. The pueblo is slightly inland and known as the White Village situated at the foothills of the Cordón Montañoso del Litoral with historic buildings, museums and traditional bars and restaurants. Las Lagunas, La Cala de Mijas and Mijas Costa are the newer parts where most of the services and new housing developments are situated The Fuengirola River flows through the centre of the municipality, where there are large agricultural areas, seven golf courses and luxury housing estates. Since the pueblo village was discovered in the sixties, over fifty nationalities have made it their home and the impact can be appreciated with the international cuisine, cosmopolitan clubs and influence of foreign culture and the arts. Mijas Costa is highly developed for tourism, but retains some its historical attractions with the four centuries-old Vigilance Towers of Calaburras, Torre Vieja, Torre Nueva (built in the 19th century) and the Torre de Calahonda which was built in the 16th century.
If you drive along the old road that unites Mijas with Benalmadena you will pass the large lookout point opening to the sea, hidden amidst pines, ornamental plants and summer houses along the coastline. Besides the numerous international restaurants, there are local eateries which serve traditional Andalucian cuisine, and the diversity of shops in Mijas make it an ideal place to buy all types of articles and local crafts and souvenirs from the Costa del Sol which range from locally produced honeys to intricate silverwork to basket weaving. In reality the majority of property in Mijas Costa is based around four towns Calalhonda, Riviera, El Faro and the jewel in the crown La Cala de Mijas which is about 20% more expensive than the rest of the costal towns in Mijas Costa. This is where some of the best value is in Costa del Sol and you can find excellent quality property starting at €140,000 Euros and even some Villas starting at €325,000. Also for people who come to live here full time the cost of living is much less than close by Marbella.

Anyone wishing to find more about the current state of the Mijas Costa property market or require information about Spanish property should contact Spanish Hot Properties.

HQ Mailing Address:
Spanish Hot Properties SL
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana

CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 588 910
Email; info@spanishhotrpoperties.com
Website: http://www.spanishhotproperties.com/Spain/Andalucia/Costa_Del_Sol/Mijas_Costa/1/index.htm

About the Author

CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 588 910
Email; info@spanishhotrpoperties.com
Website: http://www.spanishhotproperties.com/Spain/Andalucia/Costa_Del_Sol/Mijas_Costa/1/index.htm

Article Source: Mijas Costa Property Market Report July 2009 from Spanish Hot Properties · Costa Del Sol Malaga EU

Andalucía Property Market report July 2009 from Spanish Hot Properties · Costa Del Sol Malaga EU

Mucho More About Here: http://costadelsolmalaga.eu/

Spanish property in 2009 has been really interesting especially the Andalucía property market which has seen quite a horrendous year as a whole with a few bright spot in certain areas of Costa del Sol but overall things can only really start to get better for the Andalucía property market according to Spanish Hot Properties Managing Director Nick Stuart.

As Nick explains “the first thing about the Andalucía property market is the fact it’s so big and so diverse and in reality you have 6 markets in one. You have the four Costas of Costa de la Luz, Costa del Sol, Costa Tropical and Costa Almeria all very different in their own ways and all with different types of problems. You then have Andalucía Inland and the Andalucía countryside know as El Campo and Finally you have The major Cities of Andalucía such as Sevilla, Granada, Malaga, Cordoba, Jaen and Almeria which is in the main totally Spanish. Then you just have to imagine the actual size of Andalucía where the actual Coastline at Vera in Almeria to Huelva is over 500 Kilometers in distance and going inland from Marbella to Jaen is some 280 Kilometers. Then for people who know the diversity of the Andalucía and why it is one the greatest places on the planet it is easier to understand the huge diversity of the type of property you can buy and more importantly the type of lifestyle you can have in Andalucía. When looking at the Andalucía property market I think the most important fact to bear in mind is whilst property prices may have crashed the cost of construction hasn’t and at best it has stayed level. In reality this means you can buy certain properties for a price you could never build for today and that is what makes the Andalucía property market very interesting. To try and make understanding the market a little easier I have broken it down into 3 main areas.

Andalucía Inland property

This is rural Andalucía at its finest where you have quaint typical Spanish white villages known as pueblos blancos and country properties such as Fincas and Cortijos set in large amount of rustic land. Now this type of property has a huge Be Careful sign attached to it a large amount of these properties have been illegally built and have demolition orders on them or could have in the future. However if you have a good Lawyer you shouldn’t need to worry but certainly look to buy this type of property from a reputable agent and not direct from a vendor. If you try and cut corners in the Campo you will normally get badly burnt. As for property prices with the exception of the few desperate International sellers the property market has held it value pretty well due to it being mainly a local Spanish market and if your looking for value for money from an investment point of view you would probably be better buying on the Costas. The buyers in this area tend to want something around the €100,000 Euros mark or are looking a country way of life.

Sevilla and the Andalucía Cities

Prime location is everything and again city centre prices have held up very well indeed especially in Sevilla and Malaga. Again this market is dominated by the local Spanish who don’t need to sell. The real value is the older properties that were built some time ago with the building costs associated of that time. Also when you head out towards the suburbs you tend to get better value with the local distressed sales market.

The 4 Costas

Costa de La Luz and Costa Almeria have probably suffered more than any of the Costas mainly due to the fact that they are the newest markets and a lot of people bought in those Costas because they couldn’t afford to buy in Costa del Sol and we all know that has changed round and they are having a very tough time of it and people who buy there now buy for low price and a different more sedate lifestyle but not for value. However you can buy a nice apartment in these Costas for about €120,000 Euros. Costa Tropical is holding up very well in relative terms with the luxurious Villas in the La Herradura and Marina del Este region holding up very well. The market is made up of Rich International types, a local Market and Granada citizens having second homes. It’s very quiet and peaceful and is one of the unknown Jewels of the Andalucía Coast. Finally we come to where all the action is in Costa del Sol due to the huge oversupply of property now matched with huge discounts and lots of bank repossessions and distressed sales Costa del Sol probably represents the best value in all of Spain where you can buy property for less than you can build it for and is very much where the value and activity is for Spanish Hot Properties customers.

Andalucía is a great place to live and right now it’s a very interesting property market”.

Anyone wishing to find more about the current state of the Andalucía property market or require information about Spanish property should contact Spanish Hot Properties.

HQ Mailing Address:
Spanish Hot Properties SL
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana

CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 588 910
Email; info@spanishhotrpoperties.com
Website: http://www.spanishhotproperties.com/Spain/Andalucia/1/index.htm

Article Source: Andalucía Property Market report July 2009 from Spanish Hot Properties · Costa Del Sol Malaga EU

La Cala de Mijas Property Market review · Costa Del Sol Malaga EU

Mucho More About Here: http://costadelsolmalaga.eu/

2009 has been really interesting year so far for the Spanish property market the La Cala de Mijas property market has been no different. In an area of huge over building and very low prices La Cala de Mijas stands out as an Oasis in Mijas Costa as prices have held their value extremely well and compared to the prices of Calahonda and Miraflores it’s hard to believe La Cala de Mijas in only 5 minutes away and there is no sign of “La Cala” losing its magic in the near future according to Spanish Hot Properties marketing and operations manager Susana Suspenda.

“The first thing you have to understand about the La Cala de Mijas property market is the area itself Although La Cala de Mijas has maintained a level of real authentic Spanish charm, it has in some ways also taken on the feel of being quite international and cosmopolitan with many nationalities living side by side. La Cala de Mijas, often just referred to as La Cala, is a beautiful Spanish village, right at the heart of Mijas Costa, which has effortlessly stepped into the 21st century without losing any of its traditional fishing village charm. It has a lively, bustling town centre with a twice-weekly market, supermarkets, bars, restaurants and every amenity you could ever wish for. It’s perennially popular with increasing numbers of holidaymakers and is home to foreign residents from a range of different countries, including the UK and many other European countries. La Cala de Mijas is in a perfect position to enjoy an enormous range of leisure facilities. Active retirees particularly love the area for its great combination of easy-going traditional Spanish charm and the wide selection of sporting activities in and around La Cala. The area is famous for its wealth of competition standard golf courses, including the magnificent La Cala Hotel and Golf Course Resort which is the biggest golf complex in Spain and has three of its own courses. La Cala Resort also has a luxury golf hotel, an exclusive spa. In the hills just behind La Cala you can enjoy horse riding. Although if you simply enjoy a night of family entertainment watching the horses why not try the “Hipodromo del Costa del Sol”, which is situated just on the outskirts of La Cala village. One of the reasons that La Cala de Mijas is so popular is its versatility. Choose from beautiful, tranquil countryside, exquisite beaches or cosmopolitan towns, some within walking distance, most just a short drive away. There’s excellent road and public transport access from La Cala to all other parts of Mijas Costa and it’s just five minutes drive from cosmopolitan Fuengirola with its medieval castle, Blue Flag beaches and stylish shopping. A 10-minute drive into the hills behind La Cala takes you into some of the most picturesque countryside in the area where there are a variety of stables offering riding lessons and trekking, so that you can enjoy an invigorating canter in breathtaking surroundings. All of this is truly wonderful and explains a lot about the area and why people want to be in La Cala but why not just choose nearby Miraflores or Calahonda, well the answer to that question is the village of La Cala hasn’t been overbuilt like the rest of Mijas Costa and you can walk to the Village and Beach and just generally has a relaxed feeling that you don’t get in such areas like Miraflores and La Cala and this is reflected in the property prices where a 3 bedroom apartment can be as much as €75,000 Euros more than nearby towns” Explained Susana.

So why the price differentials between La Cala and the other surrounding towns and Villages. Well in reality it’s about La Cala not being overbuilt the way the other towns are and the fact that La Cala in unique.

Anyone wishing to find more about the current state of the La Cala de Mijas property market or require information about Spanish property should contact Spanish Hot Properties.

HQ Mailing Address:
Spanish Hot Properties SL
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana

CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 588 910
Email; info@spanishhotrpoperties.com
Website: http://www.spanishhotproperties.com/Spain/Andalucia/Costa_Del_Sol/La_Cala_De_Mijas/1/index.htm

Article Source: La Cala de Mijas Property Market review · Costa Del Sol Malaga EU

Spanish Property Market Still Going Strong · Costa Del Sol Malaga EU

Mucho More About Here: http://costadelsolmalaga.eu/

At times it feels as though the overseas property market in Spain has been doomed for years. On top of this, a recent downturn in the share price of large spanish property companies provoked another round of media panic, along with the usual ‘I told you so’ reactions of industry analysts.

While there seems to be a new emerging market appearing on the scene every week to attract the cash of investors, Spain is often used as an example of how not to run an overseas property investment market. Recent revelations revealed the full extent of the corruption at all levels of local government, where planning chief Juan Antonio Roca amassed a fortune of €120 million through backhanders and bribes, allegedly involving the last three mayors of the region.


Meanwhile, developers are keen to sell Spain as a destination that still offers fantastic returns and bargain property to fulfil the dream of a place in the sun.


As usual with these things, the reality is somewhere in between the two sides of the story. There is no doubt the rampant price rises that were seen with the mass speculation of the first years of the 21st Century are over (there were stories at the time of prices on some developments increasing their prices by 10 per cent each week). At the same time, the property market in Spain is by no means dead and buried.


Mark Stucklin is head of Spanish Property Insight, a property information website, has seen the changes in the market. “The Spanish property market is not what economists would call an efficient market, largely because it lacks transparency.” He Says, “This makes it difficult for buyers and sellers to know what is going on, creating great opportunities for those people who are really prepared to investigate the market. This is especially so now that the property boom has come to an end, and some buyers are desperate to get out. The key is access to independent information, and seeing lots of market comparables to get a real feel for market prices, which you will never get on a subsidised and rushed inspection trip.”


Andy Hawkins, Senior International Property Consultant at Chesterton International comments: “There has been a huge amount written recently regarding the Spanish property market. Most of it has not been particularly positive. However, if the situation is examined closely it is clear to see that some of the media hype does not paint the most accurate of pictures.”


In fact, the original package holiday destination is still the most popular place for Brits to buy property overseas, and while you might not be able to pick up a plot of land overlooking the sea on the Costa del Sol for the same price as a small car, there are ways to take advantage this perceived downturn in the Spanish property market.


Whenever there is widespread speculation in a property market, there are inevitably people who have been a little overzealous in their budgeting, or who have been caught investing at the same time as many of the speculators are on their way to new hunting grounds. The result is a large number of properties coming onto the market, for which the owners cannot raise the finance, or who just want to release their equity as they are unable to ‘flip’ the properties for the large profits they anticipated.


Adam Gale, Managing Director of Duchy Estates, concedes that there is a correction in the market “The Costa del Sol does have a certain oversupply of property, particularly in new build apartments up and down the coastline. It’s going to take a couple of years for this stock to amortize, and many will be snapped up for fantastic prices by investors who are confident, like us, that after a few years of correction, the bullishness will return. It is indeed a buyer’s market. Both developers and private vendors who are keen to sell property in Costa Del Sol will be more realistic about pricing, maybe even accept an offer, which was unheard of as little as three years ago.”


This view appears to be backed up across the industry, as agents see different results at either end of the property spectrum. Paul Rossiter, Managing Director of Costa del Sol based specialist land and self-build agency, Carrington Estates, comments, “I think the bottom end of the market, the ’stack them high, sell them cheap’ identikit market has had a big wobble, but conversely, the top end villa market has remained steadfast. Even when Spanish property stocks took a pounding in April, with shares in freefall overnight, there was still no knock-on effect to this sector of the market.”


While this doesn’t make Spain the same speculators market that it was some years ago, there are opportunities to invest in a place that will become much more stable in the coming years. Spain should follow the trends set by France, in that many of the buyers there in the future will be people who are looking to use the property themselves for large portions of the year. This leads to a more mature, stable market, with sustainable growth. That is not to say that the market for investors becomes boring – parts of south-western France have recorded annual price rises of above 15 per cent in recent years.


Further proof of the maturing of the property market in Spain is the amount being spent on maintaining and improving the infrastructure of the most popular areas. As Adam Gale points out, “In response to the relentless popularity of the region, 2007 is the year for infrastructure improvement by the bucket-load. One glance at the tangles of steel girders and armies of hard-hatted men, and it’s perfectly obvious that Málaga Airport is undergoing major modernisation.”


If you are interested in the Spanish Costas property market, keep an eye on the marketplace for auction websites, or so-called ‘distressed’ sales. The properties found here don’t necessarily have anything wrong with them; the owners just want to release their capital and are prepared to accept under the market value to do so. As ever, make sure you carry out full legal checks and surveys ahead of buying, but this can be a great way to bag yourself a Spanish bargain. And you shouldn’t worry about the prospect of profiting from the misfortune of others – in many cases, these sellers are just happy to be able to release the equity they have tied up in the property.


Mark Stucklin’s final piece of advice for those heading to Spain to look for property: “If you do your research, and take your time, you can find great value property in Spain today. But remember that good value is not the same as cheapness, and be prepared to pay a fair price for good quality.”

Article Source: Spanish Property Market Still Going Strong · Costa Del Sol Malaga EU

La Cala de Mijas Property Market review · Costa Del Sol Malaga EU

Mucho More About Here: http://costadelsolmalaga.eu/

2009 has been really interesting year so far for the Spanish property market the La Cala de Mijas property market has been no different. In an area of huge over building and very low prices La Cala de Mijas stands out as an Oasis in Mijas Costa as prices have held their value extremely well and compared to the prices of Calahonda and Miraflores it’s hard to believe La Cala de Mijas in only 5 minutes away and there is no sign of “La Cala” losing its magic in the near future according to Spanish Hot Properties marketing and operations manager Susana Suspenda.

“The first thing you have to understand about the La Cala de Mijas property market is the area itself Although La Cala de Mijas has maintained a level of real authentic Spanish charm, it has in some ways also taken on the feel of being quite international and cosmopolitan with many nationalities living side by side. La Cala de Mijas, often just referred to as La Cala, is a beautiful Spanish village, right at the heart of Mijas Costa, which has effortlessly stepped into the 21st century without losing any of its traditional fishing village charm. It has a lively, bustling town centre with a twice-weekly market, supermarkets, bars, restaurants and every amenity you could ever wish for. It’s perennially popular with increasing numbers of holidaymakers and is home to foreign residents from a range of different countries, including the UK and many other European countries. La Cala de Mijas is in a perfect position to enjoy an enormous range of leisure facilities. Active retirees particularly love the area for its great combination of easy-going traditional Spanish charm and the wide selection of sporting activities in and around La Cala. The area is famous for its wealth of competition standard golf courses, including the magnificent La Cala Hotel and Golf Course Resort which is the biggest golf complex in Spain and has three of its own courses. La Cala Resort also has a luxury golf hotel, an exclusive spa. In the hills just behind La Cala you can enjoy horse riding. Although if you simply enjoy a night of family entertainment watching the horses why not try the “Hipodromo del Costa del Sol”, which is situated just on the outskirts of La Cala village. One of the reasons that La Cala de Mijas is so popular is its versatility. Choose from beautiful, tranquil countryside, exquisite beaches or cosmopolitan towns, some within walking distance, most just a short drive away. There’s excellent road and public transport access from La Cala to all other parts of Mijas Costa and it’s just five minutes drive from cosmopolitan Fuengirola with its medieval castle, Blue Flag beaches and stylish shopping. A 10-minute drive into the hills behind La Cala takes you into some of the most picturesque countryside in the area where there are a variety of stables offering riding lessons and trekking, so that you can enjoy an invigorating canter in breathtaking surroundings. All of this is truly wonderful and explains a lot about the area and why people want to be in La Cala but why not just choose nearby Miraflores or Calahonda, well the answer to that question is the village of La Cala hasn’t been overbuilt like the rest of Mijas Costa and you can walk to the Village and Beach and just generally has a relaxed feeling that you don’t get in such areas like Miraflores and La Cala and this is reflected in the property prices where a 3 bedroom apartment can be as much as €75,000 Euros more than nearby towns” Explained Susana.

So why the price differentials between La Cala and the other surrounding towns and Villages. Well in reality it’s about La Cala not being overbuilt the way the other towns are and the fact that La Cala in unique.

Anyone wishing to find more about the current state of the La Cala de Mijas property market or require information about Spanish property should contact Spanish Hot Properties.

HQ Mailing Address:
Spanish Hot Properties SL
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana

CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 588 910
Email; info@spanishhotrpoperties.com
Website: http://www.spanishhotproperties.com/Spain/Andalucia/Costa_Del_Sol/La_Cala_De_Mijas/1/index.htm

Article Source: La Cala de Mijas Property Market review · Costa Del Sol Malaga EU

Spanish Property Market Still Going Strong · Costa Del Sol Malaga EU

Mucho More About Here: http://costadelsolmalaga.eu/

At times it feels as though the overseas property market in Spain has been doomed for years. On top of this, a recent downturn in the share price of large spanish property companies provoked another round of media panic, along with the usual ‘I told you so’ reactions of industry analysts.

While there seems to be a new emerging market appearing on the scene every week to attract the cash of investors, Spain is often used as an example of how not to run an overseas property investment market. Recent revelations revealed the full extent of the corruption at all levels of local government, where planning chief Juan Antonio Roca amassed a fortune of €120 million through backhanders and bribes, allegedly involving the last three mayors of the region.


Meanwhile, developers are keen to sell Spain as a destination that still offers fantastic returns and bargain property to fulfil the dream of a place in the sun.


As usual with these things, the reality is somewhere in between the two sides of the story. There is no doubt the rampant price rises that were seen with the mass speculation of the first years of the 21st Century are over (there were stories at the time of prices on some developments increasing their prices by 10 per cent each week). At the same time, the property market in Spain is by no means dead and buried.


Mark Stucklin is head of Spanish Property Insight, a property information website, has seen the changes in the market. “The Spanish property market is not what economists would call an efficient market, largely because it lacks transparency.” He Says, “This makes it difficult for buyers and sellers to know what is going on, creating great opportunities for those people who are really prepared to investigate the market. This is especially so now that the property boom has come to an end, and some buyers are desperate to get out. The key is access to independent information, and seeing lots of market comparables to get a real feel for market prices, which you will never get on a subsidised and rushed inspection trip.”


Andy Hawkins, Senior International Property Consultant at Chesterton International comments: “There has been a huge amount written recently regarding the Spanish property market. Most of it has not been particularly positive. However, if the situation is examined closely it is clear to see that some of the media hype does not paint the most accurate of pictures.”


In fact, the original package holiday destination is still the most popular place for Brits to buy property overseas, and while you might not be able to pick up a plot of land overlooking the sea on the Costa del Sol for the same price as a small car, there are ways to take advantage this perceived downturn in the Spanish property market.


Whenever there is widespread speculation in a property market, there are inevitably people who have been a little overzealous in their budgeting, or who have been caught investing at the same time as many of the speculators are on their way to new hunting grounds. The result is a large number of properties coming onto the market, for which the owners cannot raise the finance, or who just want to release their equity as they are unable to ‘flip’ the properties for the large profits they anticipated.


Adam Gale, Managing Director of Duchy Estates, concedes that there is a correction in the market “The Costa del Sol does have a certain oversupply of property, particularly in new build apartments up and down the coastline. It’s going to take a couple of years for this stock to amortize, and many will be snapped up for fantastic prices by investors who are confident, like us, that after a few years of correction, the bullishness will return. It is indeed a buyer’s market. Both developers and private vendors who are keen to sell property in Costa Del Sol will be more realistic about pricing, maybe even accept an offer, which was unheard of as little as three years ago.”


This view appears to be backed up across the industry, as agents see different results at either end of the property spectrum. Paul Rossiter, Managing Director of Costa del Sol based specialist land and self-build agency, Carrington Estates, comments, “I think the bottom end of the market, the ’stack them high, sell them cheap’ identikit market has had a big wobble, but conversely, the top end villa market has remained steadfast. Even when Spanish property stocks took a pounding in April, with shares in freefall overnight, there was still no knock-on effect to this sector of the market.”


While this doesn’t make Spain the same speculators market that it was some years ago, there are opportunities to invest in a place that will become much more stable in the coming years. Spain should follow the trends set by France, in that many of the buyers there in the future will be people who are looking to use the property themselves for large portions of the year. This leads to a more mature, stable market, with sustainable growth. That is not to say that the market for investors becomes boring – parts of south-western France have recorded annual price rises of above 15 per cent in recent years.


Further proof of the maturing of the property market in Spain is the amount being spent on maintaining and improving the infrastructure of the most popular areas. As Adam Gale points out, “In response to the relentless popularity of the region, 2007 is the year for infrastructure improvement by the bucket-load. One glance at the tangles of steel girders and armies of hard-hatted men, and it’s perfectly obvious that Málaga Airport is undergoing major modernisation.”


If you are interested in the Spanish Costas property market, keep an eye on the marketplace for auction websites, or so-called ‘distressed’ sales. The properties found here don’t necessarily have anything wrong with them; the owners just want to release their capital and are prepared to accept under the market value to do so. As ever, make sure you carry out full legal checks and surveys ahead of buying, but this can be a great way to bag yourself a Spanish bargain. And you shouldn’t worry about the prospect of profiting from the misfortune of others – in many cases, these sellers are just happy to be able to release the equity they have tied up in the property.


Mark Stucklin’s final piece of advice for those heading to Spain to look for property: “If you do your research, and take your time, you can find great value property in Spain today. But remember that good value is not the same as cheapness, and be prepared to pay a fair price for good quality.”

Article Source: Spanish Property Market Still Going Strong · Costa Del Sol Malaga EU