by Paul | Jul 16, 2023 | Uncategorised
The Costa del Sol: A Prime Location for Property Investment
The Costa del Sol, particularly in the province of Malaga, has emerged as the top destination for real estate investment in Spain. This fact was underscored during a recent roundtable event organized by SUR in English in collaboration with Marbella town hall. Held earlier this year at the Hotel Don Pepe Gran Meliá, the event brought together experts from the property sector and the local government to discuss the growing foreign investment in Malaga.
A Resilient Market: Marbella's Mayor, Ángeles Muñoz, highlighted the effects of the Covid-19 pandemic on the town, noting an influx of individuals from other regions of Spain and abroad. Many are drawn to Marbella and the Costa del Sol due to the region's ability to accommodate remote work and the desirable lifestyle it offers.
Key Factors Attracting Investors: In addition to the region's perennial appeal of abundant sunshine, beautiful beaches, and renowned gastronomy, the roundtable participants emphasized other crucial considerations for property buyers. The committee highlighted the exceptional international schools available, which is particularly important for families. It was noted that the Costa del Sol is attracting a younger demographic, particularly professionals in their thirties who are working at the technology park in Malaga and seeking to purchase property in Marbella.
Changing Demographics: The discussion touched on how the property market has evolved in recent years, particularly concerning the type and nationality of buyers. While Brexit and the cost of living crisis in the UK have impacted British investment in the Costa del Sol, there has been a notable increase in buyers from the Netherlands, Scandinavian countries and the USA, attracted by the favorable euro-to-dollar exchange rate.
Effects of Brexit: The 90-day visa rule implemented after Brexit was also mentioned, as it has affected British individuals spending time in EU countries. However, many British property owners have adapted by sharing their Spanish homes with family members or renting them out during their absence.
Rebounding from the Pandemic: The panelists acknowledged that the Costa del Sol, including Marbella, experienced a robust recovery from the pandemic. It was emphasized that Marbella emerged stronger, citing records such as increased company registrations, reduced unemployment rates, and higher tourism figures. Statistics from Spain's national statistics institute (INE) supported this, revealing a 14.7% increase in homes sold across Spain in 2022 compared to the previous year, with Malaga province alone witnessing a 26% surge in property sales.
Investment Opportunities: The panelists suggested that the Costa del Sol has benefitted from the consequences of the pandemic, as people are seizing the opportunity to realize their dreams of living in the region. Some individuals are redirecting the money they would have spent on hotel accommodations towards purchasing property due to a desire for increased privacy and personal space.
Promising Outlook: Despite ongoing challenges, such as inflation and rising construction costs, the panelists remained optimistic about the property market's future. They highlighted Spain's safety, its distance from conflicts like the one in Ukraine, and the importance of planning regulations in providing legal certainty for investors. The focus on sustainability and environmental considerations in housing development was also commended.
Conclusion: The roundtable event showcased the enduring appeal of the Costa del Sol as an ideal destination for property investment. With its attractive lifestyle, safety, diverse buyer demographics, and promising market outlook, the region continues to attract both domestic and international investors. The Costa del Sol remains a top choice for individuals seeking to make their real estate dreams a reality.
For more information, a wide selection of properties, and assistance with buying property in Sotogrande, Marbella, La Zagaleta, or Southern Spain, please visit www.luxe-villa.com or email info@luxe-villa.com.
by Paul | Jul 9, 2023 | Uncategorised
Marbella's Rise as a Premium Residential Destination with the Influx of Digital Nomads
Marbella located in the Costa del Sol region, has solidified its status as a premier luxury residential destination with the influx of new digital nomads. Despite expectations of stabilizing prices after the property market surge following the pandemic, Marbella's appeal continues to grow.
Rising High-End Property Prices: According to the annual Marbella Real Estate Market Report, compiled by leading real estate firms in the area, high-end property prices experienced a remarkable 7.1% increase in 2022. This surge in prices represents the highest annual growth since the global financial crisis, reinforcing Marbella's allure among discerning buyers.
Continued Buyer Profile: The report indicates that the buyer profile remained relatively consistent, with a continued rise in buyers from Eastern Europe. The primary countries contributing to the market's success are Belgium, the Netherlands, and Poland, reflecting their sustained interest in Marbella's luxurious properties.
Investment Outlook for 2023: The 2023 Outlook Report anticipates a further increase in property investment. Approximately one-third of high-net-worth individuals are looking to expand their residential property assets, driven by factors such as inflation protection, diversification benefits, and the desire for stability amidst uncertain times.
Conclusion: Marbella's position as a sought-after luxury residential destination has been solidified by the arrival of new digital nomads and the sustained growth in high-end property prices. With continued interest from buyers in Eastern Europe and a positive investment outlook for 2023, Marbella remains a prime choice for affluent individuals seeking a luxurious lifestyle and promising real estate opportunities.
For more information, a wide selection of properties, and assistance with buying property in Sotogrande, Marbella, La Zagaleta, or Southern Spain, please visit www.luxe-villa.com or email info@luxe-villa.com.
by Paul | Jul 2, 2023 | Uncategorised
Sotogrande boasts Europe's largest inland beach, offering a fun and enjoyable experience for visitors of all ages. The design of the beach has placed great emphasis on catering to the needs of families, providing a wide range of supervised activities for children, including water games, tennis, and golf. There is also a dedicated Kids Club to keep the little ones entertained. Adults can indulge in yoga, Pilates, clay tennis courts, paddle, and beach volleyball. The beach is a new and remarkable local attraction, offering fine cuisine and live jazz, soul, and flamenco performances.
Experience the sensation of walking on the fine sand of Cádiz amidst the hills. Sotogrande has created a unique beach in La Reserva, featuring Europe's first and only private beach. This man-made lagoon has a sandy bottom surrounded by elegant loungers and Chambaos (beach huts) with full waiter service, providing a truly private and exclusive seaside experience.
This is a place where families, adults, and children of all ages can relax and enjoy themselves. With excellent service, amenities, and dedicated areas for each group, even the most discerning individuals will find it enticing.
Restaurant - The Meeting Point: The beachfront restaurant and bar serve as the perfect gathering place to socialize, catch up with family members, and savor beautifully prepared dishes that are light and suited for the summer setting. The gastronomic offerings are refreshing and healthy, made from natural, fresh, and local ingredients. The chef combines global inspirations with an Andalusian touch, catering to a wide range of preferences and dietary requirements.
Adult Pool @The Beach: While kids enjoy the Kids Club, adults can swim, relax, and unwind at the exclusive pool deck overlooking the sports lagoon and cocktail bar. Soak up the sun, recharge, and reconnect in a tranquil environment.
Sports Lagoon: The expansive sports lagoon offers the perfect setting for water sports such as kayaking, stand-up paddleboarding, and electric surfboarding. The lake prohibits engines, ensuring peace and protecting the environment. Surrounded by natural vegetation, walking paths, and breathtaking views, it creates a stunning backdrop.
Beach Club Experience for Kids: The Beach is designed with the whole family in mind and features a children's club with special amenities for kids over four years old. Qualified professionals oversee their summer fun, providing a safe and secure environment. This aligns with Sotogrande's tradition of unforgettable summertime experiences. The Kids Club operates during Easter and the mid and high season months.
Discover a remarkable beach club experience at Sotogrande, where nature meets leisure and families can create lasting memories.
For more information, a wide selection of properties, and assistance with buying property in Sotogrande, Marbella, Zagaleta, or Southern Spain, please visit www.luxe-villa.com or email info@luxe-villa.com.
by Paul | Jun 25, 2023 | Uncategorised
Looking to purchase a property in Southern Spain? 90 -180 day rule !
What happens if you stay in Spain longer than 90 days?
If you plan to stay in Spain for more than 90 days, you need to be aware of the relevant restrictions and requirements that apply to your country of origin. As an EU citizen, you can travel to any country in the Schengen area for up to 90 days in any 180-day period without a visa for purposes such as tourism. However, if you intend to stay longer than 90 days, you must meet the entry requirements set out by the Spanish government.
This could mean applying for one of several types of visas, such as a short-stay Schengen visa, a combined residence and work visa, a student visa, a residence visa, a long-stay or non-lucrative visa, or a golden visa. British citizens will now need a visa for staying in Spain for longer than 90 days, or for work, professional, artistic, or religious activities due to Brexit.
It's important to note that the same rules apply for those moving to other Schengen area countries such as Portugal or Greece. To ensure you have the most up-to-date information, it's best to directly check the latest arrangements that apply between Spain and your country of origin if you do intend to stay in Sotogrande / Marbella / Zagaleta or Spain in general for an extended period.
For more information, a great selection of properties and advice on buying property in Sotogrande / Marbella / Zagaleta or southern Spain, please go to www.luxe-villa.com or email info@luxe-villa.com for assistance.
by Paul | Jun 17, 2023 | Uncategorised
What are the fees for purchasing a property in Sotogrande, Marbella, La Zagaleta or Southern Spain?
If you're considering buying a property in Southern Spain (Sotogrande, Marbella, La Zagaleta), it's essential to understand the various fees and charges associated with a Spanish house purchase. These additional costs typically range from 12% to 14% of the property's purchase price. Here's a breakdown of the fees:
- Property Transfer Tax: This tax is applicable to second-hand properties and varies by region. In Andalucía (where Sotogrande, Marbella & La Zagaleta are located), the property transfer tax rate is typically between 8% and 10% of the purchase price.
- Notary Fees: These fees cover the preparation of the property's deeds. Buyers are generally responsible for paying this expense, which is based on the property's selling price stated in the deeds. Budgeting between €600 and €1,000 is advisable for notary fees.
- Property Registry Costs: These fees are associated with registering the property in your name and are typically a standard amount based on the property's selling price stated in the deeds. Allocating around €400 to €650 should be sufficient for property registry costs.
- Gestoría: A gestoría is an individual who handles tax payments and paperwork related to the property purchase. The cost for this service is approximately €250 to €500 or 1% of the property's selling price.
- Property Valuation Costs: If you need a mortgage to purchase the property, you'll need to account for the cost of a property valuation, which is usually around €800.
- VAT (IVA): VAT applies to newly built properties instead of property transfer tax. The current VAT rate is approximately 10% of the purchase price.
- IAJD: This tax applies to the documentation of legal acts and is paid for newly constructed properties. The IAJD cost is typically about 0.5% to 1.5% of the property's purchase price.
It is important to note that these fees may vary, and it's recommended to seek professional advice from real estate agents like Luxe-Villa, lawyers, or financial advisors to ensure you have a clear understanding of all the costs involved in purchasing a property in southern Spain.
Step by Step Buying Process
For more information, a wide selection of properties, and assistance with buying property in Sotogrande, Marbella, La Zagaleta, or southern Spain, please visit www.luxe-villa.com or email info@luxe-villa.com.
by Paul | Jun 10, 2023 | Uncategorised
Nestled in the hills of the Costa del Sol in Southern Spain, La Zagaleta stands as a symbol of unparalleled luxury and exclusivity. Known as one of Europe's most prestigious private residential estates, this gated community has become synonymous with opulent living and unrivaled beauty. In this article, we explore the luxury property market in La Zagaleta, delving into its allure, unique features, and why it remains a haven for discerning buyers seeking the epitome of refined living.
A Private Paradise
La Zagaleta is a secluded sanctuary spread across 2,200 acres of breathtaking Andalusian countryside. With just 420 exceptional homes nestled amidst lush greenery, residents enjoy the utmost privacy and tranquillity. The estate's meticulously designed infrastructure ensures that each property is embraced by nature, providing panoramic views of the Mediterranean Sea, the Gibraltar Strait, and the rolling hills of the surrounding area.
La Zagaleta: 30 years of luxury living on the Costa del Sol
Exquisite Architectural Marvels
The luxury properties in La Zagaleta are architectural marvels that combine timeless elegance with modern comforts. Villas and mansions within the estate exhibit a range of architectural styles, from classic Mediterranean to contemporary masterpieces. Every detail, from the grand entranceways to the meticulously landscaped gardens, reflects the unparalleled craftsmanship and attention to detail that defines La Zagaleta.
Property
Unparalleled Amenities and Services
La Zagaleta sets itself apart with its exclusive amenities and services, catering to the desires of its discerning residents. The estate boasts two private golf courses, a state-of-the-art equestrian center, tennis courts, and a private helipad, providing an array of recreational options. The Clubhouse, an architectural gem, offers an exceptional dining experience, fitness facilities, and a luxurious spa, ensuring that residents can indulge in ultimate relaxation and entertainment without leaving the confines of the estate. https://luxe-villa.com/zagaleta/
Enhanced Security and Privacy
La Zagaleta prides itself on providing a secure and discreet environment for its residents. The estate is gated and guarded 24/7, offering exceptional security and peace of mind. The meticulous attention to privacy ensures that residents can enjoy their luxurious homes in complete seclusion. This level of exclusivity has made La Zagaleta a preferred choice for high-profile individuals, international celebrities, and business magnates seeking a refuge away from prying eyes.
Investment Potential
Beyond its exclusivity and luxury, the property market in La Zagaleta also presents compelling investment opportunities. The limited supply of properties and the estate's prestigious reputation contribute to the potential for excellent capital appreciation. Investors can acquire properties that offer not only a luxurious lifestyle but also a long-term investment asset. Additionally, the demand for high-end rentals within the estate remains strong, making it an attractive option for those looking to generate rental income.
https://www.surinenglish.com/malaga/marbella-san-pedro/most-expensive-house-spain-20220825173818-nt.html
The most expensive house on the market in Spain is on the Costa del Sol and it will set you back a cool 34 million euros
Conclusion
La Zagaleta stands as a testament to refined living and uncompromising luxury. With its extraordinary properties, unparalleled amenities, and emphasis on privacy and security, it has become the epitome of exclusivity in the Costa del Sol. The combination of breathtaking natural surroundings, architectural marvels, and world-class services creates an unrivalled living experience. Whether as a primary residence or a second home, investing in the luxury property market in La Zagaleta offers not just a place to live but an escape to an exclusive paradise where elegance and tranquility merge harmoniously.
If you are interested in buying property in La Zagaleta, please email Contact for assistance.
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