House prices in Spain increasing year on year

House prices in Spain increasing year on year

We are almost at the start of Spring when temperatures here in Spain are rising to enable lovely beach days and great days on the golf course. A few days ago, at the start of a new month there is a new report on Spanish residential property prices by the valuations firm Tinsa. Data in this report suggests house prices in Spain in February 2020 were an average of 2.4% higher than the same period last year.

Within the Tinsa report Spanish territory is divided into 5 categories: provincial capitals and large cities, metropolitan areas, the Mediterranean coast, the Balearic and Canary Islands and all other areas.

In previous reports, provincial capitals such as Madrid, Barcelona, Valencia and Málaga are more dynamic and are often the catalysts for pricing change. Last month, the inter-annual change was +3.3% and obviously our markets have been affected by the economic situation and Brexit, but not quite as much as we thought it might. Here at Bromley Estates Marbella, contrary to the picture painted by the effect of Brexit, we had our best month for sales ever in January 2020. A high percentage of that was from British buyers.

Property prices in the Balearic and Canary Islands soared a massive 7.6% year-on-year, making February’s figure the eleventh significant annualised increase in the last twelve months.

Here on the Costa del Sol property prices saw a healthy average 1.4% year-on-year gain. All this data suggests this is the perfect time to buy on the Costa del Sol. Whether you are looking for a long-term investment or to purchase a holiday home. If it’s a retirement property you are looking for, a holiday home or part of your property investment portfolio, now is the perfect time.

Prices here are still significantly less than many other European destinations, so why not indulge yourself and take a look at some of these fantastic homes in the sun. Our experienced multilingual team are here to help you make that property purchase with ease.

4 of the top European golf courses in Spain’s Costa del Sol

4 of the top European golf courses in Spain’s Costa del Sol

Spain has long been in the hearts of golfers from around the world. The fabulous climate and the even more stunning courses bring golfers to the Costa del Sol year-round. It is no surprise to know that 4 of the top 100 European golf courses are in the Costa del Sol and each of these highly ranked and well-known courses fall into the top 25.

Real Valderrama
Most seasoned golfers will know the Valderrama as it has had plenty of TV coverage. The club has hosted a plethora of championships including the 1997 Ryder Cup. In 2014 the club was granted Royal status. It comes in 4th in Europe.

Real Club de Golf Sotogrande
Designed by Robert Trent Jones and opened in 1964, this golf club is 20km from Gibraltar. It was his first European course and this par72, 6224 metre beautiful course is still enthralling and challenging players 50 years after it first opened. It comes in 9th in Europe.

Finca Cortesin
Ranked 18th in Europe, Finca Cortesin is set in a valley near Estepona and is almost one of Euopes longest courses at 7000 metres. Cabell Robinson designed the course and it features a ‘Jack Nicklaus Academy’ for those looking to improve their game.

Real Las Brisas
At 24th in Europe, Real Las Brisas is another one of Robert Trent Jones’ babies. Opened in 1968 it was one of the first courses to use bent grass. Nick Faldo won the 1987 Spanish Open on this course.

There are more Spanish courses on this list of course, but we have only highlighted those in the Costa del Sol. This area is synonymous with excellent golfing facilities and there are so many courses to choose from, you are guaranteed to improve your game traversing the challenging holes on each course.

If you love golf so much that you’d like to buy a property here near a golf course or within a course, we have plenty of options from luxury villas to smart apartments. Contact our team of property experts today – we have some golf lovers too.

Discover Marbella

Discover Marbella

Marbella has long been popular with the rich and famous and those that love the fabulous climate and draw of luxury lifestyle. But delve deeper and there is so much more to this fabulous resort that can be seen in a weekend and week’s holiday.

Wellness
Marbella is often the chosen location for sports professionals and also A-list celebrities to enjoy a healthy retreat, a weight loss programme, some surgery perhaps or to take advantage of the services of one of the many specialists that you can find here in the Medical and Wellness industry.

Whether it´s relaxing at the nail bar, indulging in a day of pampering at a luxury spa, some gym time or a personal training session to achieve that celebrity body, information about Organic or Health stores, a Yoga or Nutritionist, the latest hair style, make up or cosmetic surgery that you need, Marbella’s experienced and qualified professionals have it all.

Things to do
Whilst lounging in the sun at one of our many beautiful Beach Clubs maybe the top of your things to do list whilst here there are several alternatives depending on whether relaxation or adventure is the priority of the day!

Watersports are often a favourite pass time here in Marbella with days at sea on a Luxury Yacht Charter or an hour of fun on a jet ski or fly board being some of the most popular options. Larger groups of friends and families can easily arrange a boat party on board one of the private catamarans available to hire or a romantic sunset sail.

Take a Buggy Tour and explore the inland area of Marbella, play Padel or Tennis at one of the clubs that are open to the public, enjoy a Cocktail master class, race cars at the private Formula 1 Ascari race track in Ronda or go for a Tapas tour around enticing Marbella Old Town. Get out in nature and horse ride in the hills and through the rivers or even try your luck at the casino.

Explore further afield and take a day trip to surrounding cities and towns such as Granada or Seville where you’ll find superb architecture and historical and cultural sites. Andalucia is a fascinating region and with Marbella as the tantalising gateway, it is the place to start.

Property in Marbella
Property in Marbella is always in demand and you can get a superb cross section of homes here from opulent villas to perfect holiday apartments. There is a real charm to the area and it is somewhere many people love to call home. Take a look at our website as we are sure there will be some properties to tempt you.

Benefits of buying off-plan property

Benefits of buying off-plan property

Whether you are looking for a villa, holiday home or place to retire to here in Spain, buying off-plan has many benefits. Here on the Costa del Sol, one of southern Spain’s top destinations, we work with tried and trusted developers that know how to choose fabulous locations and top-notch fixtures and fittings.

Firstly, you’ll be buying a brand-new property that benefits from modern design and the latest in energy efficiency, as well as open plan Mediterranean style living. Properties here are built focussing on the outside space and vista. Open plan interiors are now part of the Mediterranean lifestyle.

When you buy off-plan you often get the opportunity to personalise aspects of your new property. Those could range from kitchen worktops, tiles and flooring through to adding a gym, chill out area or cinema room on the higher value villas.

Buying off-plan means staged payments too so you keep your money earning interest for longer. Quite often buying off-plan means below market prices at this stage so you are getting real value for money.

We have a fabulous range of off-plan apartments and off-plan villas to choose from. When choosing an off-plan property all you have to do is opt for the location that suits your lifestyle best and you can be assured of high quality design and in many cases, the additional benefit of excellent on-site facilities.

If you would like to talk to one of our multilingual property specialists today, then please contact us, and we can guide you through the purchasing process. You could be owning your new home in Spain in no time at all.

Forbes list Spain as one of the top ten places to live abroad

Forbes list Spain as one of the top ten places to live abroad

Forbes has compiled its list of the best places to live if 2020 is the year you want to quit your job and move abroad. Spain was in the top ten places to choose and in fact came in at number 8.

Why Spain?
Forbes stated: Spain has the highest living standards—and for a lot less than in the U.S. “There’s no question of having to give up anything in living here. In fact, you’ll gain a lot,” says Marsha Scarbrough, International Living’s Spain correspondent. “Outside the tourist zones, you may need to know a little Spanish to get by, but there are plenty of beach areas with large, English-speaking expat communities. In my experience, Spanish people are friendly, helpful and curious about other cultures.

Cost of living
Spain has one of the lowest costs of living in Western Europe. Even in Madrid, one of the most expensive locations, you can live modestly on $2,000 a month. Rent is cheaper than the U.S., and living in a city you don’t need a car—which is a huge saving. Because of the warm climate, many basic food items are inexpensive in Spain, as well. Choosing the right location means those costs could be even lower – those of us that already live here know that going out and socialising is part of the culture and it costs a fraction of what you would pay in a UK or US city.

On the Costa del Sol, the sun shines an average of 320 days a year making it perfect for outdoor leisure including golf, polo, sailing, water sports, walking and cycling. Hot sunny summers and temperate winters a what draw people here. With Granada right on the doorstep there’s also the opportunity to ski too during the winter months, all just one hour from Malaga.

If you are considering moving to Spain after hearing what Forbes have to say the give us a call on one of the numbers below. Our team of property experts can help you look at areas that will suit your lifestyle.

Happy Christmas from us all

Happy Christmas from us all

We would like to take this opportunity to wish you a very Merry Christmas and whether you are at home or spending Christmas here in Spain, then eat, drink and be merry. Looking back at the last 6 months we have seen that business is booming despite the political situations and Brexit.

Property in Spain is still proving popular with international buyers whether that is as an investment opportunity or as a second home. House prices increased by an average of 3.7% across Spain as a whole last month, in line with the year-to-date increase of 3.8%.

Since the house-price lows registered at the end of the recession, house prices in Spain have gone up by an average of 16.8%, with bigger leaps in the case of the Balearic and Canary Islands (+29.1%), regional capitals and big cities (+26.8%), Mediterranean coast (+15.8%) and metropolitan areas (+13.6%).

Whether you are looking for an apartment on a golf course or a sumptuous villa with a sea view, the quality of the new builds is amazing. With Mediterranean living being one of the healthiest on the planet, the quality of life here is one of the main reasons people choose to relocate.

One of the best ways to grab yourself a great value deal is to buy an off-plan property. Quite often they are competitively priced under market value early in the build stages and may even offer extras like a furniture pack or the option to personalise certain aspects of the build.

As an well-seasoned agency with over ten years of buying and selling homes in Andalucia, our experience is unrivalled and we can advise you on the areas that will suit your lifestyle requirements. We can offer you advice about the buying and selling processes and an after sales service too.

Brexit is set for 31st January 2020 – if you are worried about buying property here then don’t be. Non EU citizens have been buying property in Spain for decades.

The whole team here at Bromley Estates Marbella wish you a fabulous festive period.

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