The charming marina in Marbella, which is not to be confused with Puerto Banus is getting a facelift to extend the quay to allow cruise ship shuttle boats and vessels of more than 30 metres in length to dock in the port. More improvements are to come with the project for the new “boulevard” link between the marina and the seafront promenade.
While these new projects are still taking shape though, the recent remodelling work carried out over the last 18 months is already paying off. The port area has had more than just a facelift. The nautical and commercial activity has recovered, turning the Puerto Deportivo Virgen del Carmen, to give its full name, into a must-see attraction for tourists.
“This isn’t Puerto Banús, and it doesn’t want to be. Marbella’s marina has a different feel, it has its own ambience and an excellent location, which sets it aside from the rest,” explains the manager of one of the nautical attractions based in the marina as he helps a group of tourists climb onto his fast boat.
The opening up of the marina to the town will come with the construction of the new boulevard linking with the Paseo Marítimo promenade.
It was at the end of last year, though, that the first major project aimed at joining the marina with the town centre took place. There is now a large, pedestrianised square to improve movement between the port and town. This gave the area north-east of the port, opposite the lighthouse, a complete facelift. Now the bars and terraces that populate the square are an attraction for tourists.
Within the next few months work will start on expanding the “waiting” quay with a platform with two eight-metre-long lay-by berths. A new footpath will lead as far as the terraces. This extension will allow boats of more than 30 metres in length to moor there, as well as the shuttle boats from cruise ships.
If you haven’t been down to visit this quaint area then make a date – a complete contrast to bustling Puerto Banus, this is a place to relax and watch the boats bob.
This stretch of coast has long been popular with tourists and due to its amazing attractions and superb beaches it is a place where many overseas buyers choose to live due to its proximity to Malaga airport meaning easier travel.
Sandwiched between Torremolinos and Marbella, the former fishing village of Fuengirola is now one of the Costa del Sol’s biggest draws. It does have some high-rise hotels but these are balanced by lively bars and tourist-friendly restaurants and side streets and squares crammed with upmarket tapas bars and chic boutiques.
There’s a whopping eight kilometres of sand, split into eight different beaches here in Fuengirola starting at Sohail Castle all the way to the marina and onward to Carvajal in the east. Paseo Maritimo is a bustling promenade that backs the beaches and chiringuitos – the perfect place to take an evening walk. There are plenty of international bars and restaurants here but if you are looking for something with a more traditional vibe head to the trendy tapas bars around the towns’ main square, Plaza de la Constitucion.
If it is culture you love then a visit to Sohail Castle is a must. This former Arabic fortress sits 40 metres above sea level and there are some spectacular views from the top of the towers. Living in this area of the coast you’ll find a superb array of golf courses including Golf Torrequebrada, La Cala and Calanova Golf Club.
Buying property in this area offers a wonderful investment opportunity as many holidaymakers love this area for all there is to do here and whether to choose to buy and live here or buy as a second home, you will never be short of things to do with vibrant ferias and the outdoor lifestyle as a whole being the biggest draw alongside the climate of course. Take a look at some of the prime properties we have in this area and you could just find your dream home in the sun.
Sotogrande is home to the International Polo Tournament, this year in its 47th year, that runs from 25th July to 1st September where the world’s best polo players, a wide choice of food and drink, boutiques, stands and music combine for a fabulous event for all the family.
The grand event is held in the elegant grounds of Santa María Polo Club, one of the leading places for equestrian activities. This polo tournament is ranked as one of the four most important in the world for this spectacular sport and, year after year, it attracts many national and international visitors who love the thrill of the sport. Whether you’ve seen a polo match before or not, we urge you to go along as a polo match can really get pulses racing.
Sotogrande is well-known for its love of all things sporting with a superb marina where you can moor or charter a boat. In the surrounding countryside horse riding and cycling are popular and of course golf features highly with the prestigious Valderrama Royal Golf Club based here.
This stretch of coastline is simply stunning and it is easy to see why we chose to work with Kronos Homes on the exclusive La Finca development. From here you can feel the best of Spain’s fertile green countryside, watch the shimmer of the Mediterranean as the sun dances off it and enjoy the luxury of peace and quiet with stunning sea views.
La Finca is a development 3, 4 and 5 bedroom luxury villas boasting private infinity pools, large terraces and contemporary open-plan design. Come along to the polo tournament and see how beautiful this area really is.
Besides the polo there is plenty to do as visitors have numerous places to eat, a shopping village and a children’s area as well as bars and evening parties at the After Polo. It is an experience not to miss and if you’d like to hear more about La Finca talk to one of our team today.
The Spanish housing market is now into its fifth year of expansion since the market turned the corner at the start of 2014. There has been an upsurge in quality new developments that our clients love due to a combination of contemporary design, ideal location and great amenities.
According to the latest data from the Association of Spanish Notaries the Spanish housing market expanded by 7.7% in May with 51,896 sales in total. This is across Spain in total and we are noticing an upturn in foreign buyers still finding Spain a very attractive prospect.
The notaries’ latest report also reveals that average house prices increased by 0.6% to 1,372 €/m2, and mortgage lending increased by 9.3%. This shows a marginal increase in prices that is not putting people off applying for a mortgage. Prices along the Costa del Sol are still very reasonable and here at Bromley Estates we can help you find the property to suit your budget and lifestyle.
We have been helping people find main homes if they are relocating and second homes/holiday homes since 2008 so we know our market and we know where to find the very best property for your investment.
In April, new residential mortgage lending increased by 22%, a big rebound compared to March, when the growth rate of just 2% was the result of seasonality. The average new loan in April was €133,456, down 3.3% compared to last year. This shows compared to UK prices, it is still very cost effective to buy in Spain and even talk of Brexit isn’t putting people of investing in their dreams to own property abroad.
Whether you are looking for a comfortable two-bedroom apartment with great sea views or an elegant villa we have those and everything in between to appeal to clients far and wide. Come and talk to one of our friendly multilingual team to find out more.
Just in case you are contemplating buying a property in Spain and the fabulous climate and outdoors lifestyle hasn’t quite made your mind up, here are five reasons 2018 is a great time to buy property in Spain.
High quality homes
Buying off plan quite often includes financial incentives and reserving a property in the early stages means you often buy at below market price and can personalize certain aspects of the property.
Buyers entering the market now are finding an amazing number of new projects for sale of a substantially higher quality than in the past. A more sophisticated, experienced and caring developer has arrived. Developers with projects underway are enjoying much more interest from buyers and substantial success in sales as a result. Buyers are finally receiving an increasingly broad choice of top end properties with an incredible range of luxury features, prices and locations.
Improved economic climate
When you invest in a country you need to be sure the economy is improving and the outlook in Spain is looking sunny in more ways than one. As of April 2017, Spain has shown 14 consecutive quarters of growth. The economy has recovered well since the government implemented a series of reforms including overhauling the banking system and reforming the labour market. Growth remains much higher than that in the Eurozone overall, thanks to thriving tourism and exports.
Attractive borrowing rates
Increasing government regulation of financial institutions and more effective regulations on banks and lenders has prompted a culture of financial safe practice. Base rates continue to fall in the Eurozone and currently sit at an all-time low and as a consequence mortgage rates in Spain are now cheaper than ever. In addition, lending by the banks increased by 17% in January 2017 against the previous year demonstrating that Spanish lenders are keen to lend to non-residents and overseas investors.
Increasing property prices
Spanish property sales are rising. After 7 years of falling house prices, the market has now returned to pre-recession levels and banks are predicting record property sales in the coming year. With confidence back in the market and demand steadily growing once again it’s inevitable that prices will increase so it is wise to invest right now.
Great rental income potential
If you are considering renting out your property in Spain, the unique micro-climate pretty much assures you of a return on your investment. The Costa del Sol is back in full popularity offering a charming mix of climate, fun, luxury living and affordability. With more than 80 golf courses in the region that alone draws tourists with short breaks and of course families love the and stunning beaches.
Make 2018 the year you buy in Spain. Talk to one of our multilingual team today to see how we can find the home of your dreams.