Recent reports showed that Andalucia saw numbers jump during the month of August. According to new data, the summer month exceeded all expectations this year after there were 7.6 million more overnight stays in hotels compared to last year, a 4.9% growth.
There are some great places to stay other than hotels and these include properties on Airbnb and Booking.com as well as individual rentals. The number staying in other accommodation reached 2.3 million, an increase of 4.4% on August 2018.
Andalucia boasts a rich cultural heritage as well as superb beaches, top notch leisure facilities and of course the all-important climate to continually draw visitors back to the region. Junta vice president Juan Marin said it was ‘a historic month for tourism in Andalucia.’
Seven provinces stood out from the pack but it was the capital Sevilla which enjoyed the most growth, with a 9.9% year-on-year increase in overnight stays. Other provinces that swelled in visitor numbers include Cordoba, which increased by 7.5%, Granada (6.7%), Huelva (5.9%), Cadiz (4.8%), Malaga (4.4%) and Almeria (1.9%).
This is excellent news for those that have investment properties in Andalucia. There are some truly lovely resorts along the coast that are popular with a great cross section of holidaymakers. From families, to golfers and those just looking to enjoy the luxury and family friendly resorts.
If you are thinking of investing in property, then Andalucia is a great place to start. We have a superb selection of properties ranging from one and two bedroom sea view apartments to contemporary villas and even commercial properties including boutique hotels.
Property purchases by international investors increased during the first quarter of 2019 (Jan-Mar 2019) despite Brexit being on the horizon according to data on property portal Kyero. This represents an increase of 0.53% annually and an increase of 0.57% quarterly.
In Andalucia 16.10% of buyers were international with 4,380 transactions in Q1 2019. For our region the number of transactions were down by 0.16% but it was still the considerably largest region for purchases.
Nationally sales prices including new properties and resales saw an annual increase of 6.75% and a quarterly change of 1.49%. This shows the market is slowly but steadily climbing again despite political activity in Europe.
It certainly shows people’s hopes and dreams of owning a property here in Spain have not dampened and it is easy to see why. The value of what you can buy for your money here in Andalucia is still excellent. Buying off plan property offers buyers lower purchase prices in some developments which offers an excellent return on investment. Here are a selection of off-plan properties to browse.
The number of new mortgages and loans on property in Andalucia for May 2019 was 9,285, this is an annual change of +15.92% and a monthly change of +15.99%. The new legislation on mortgages that came into effect in June 2019 makes the whole application process more transparent and akin to getting a British mortgage. The acceptance criteria are based around the clients’ affordability.
Tourism is still booming here and the level of resorts people want to holiday in across Andalucia means owning a holiday rental here still pays dividends. With beautiful weather, superb golf courses and stunning beaches Spain is still the favourite of a seasoned traveller.
If you are thinking of buying property in Spain, there has never been a better time. If you have concerns over Brexit and what that will mean, remember we have been selling property to non EU nationals such as Swiss, Americans, Chinese, UAE residents and Russians for many years. Talk to one of our property specialists today who can help you find your perfect property.
It has been a long time since it was announced but the long awaited high speed AVE link between Madrid and Barcelona to Granada is almost here. Later this month, in fact from the 26th June there are three departures a day scheduled between these iconic destinations according to Renfe.
The 568 kilometre journey between Madrid and Granada will take just over 3 hours which is almost an hour less than if you were to drive it. It will be one of the most relaxing ways to travel between the destinations although it isn’t the most economical at €128.50 return, but if you are in visiting mode it will allow for a lazy lunch if you choose a day trip. And you will get to relax as you traverse through some of the countries beautiful scenic landscapes. If you are a business traveller this would make a change from air travel.
This certainly links up one of the country’s most treasured historical sites to the major cities but having the link from Malaga to Granada would add appeal to Andalucian tourism. This route is apparently in the second phase of routes planned by Renfe although when it is due to start is still to be confirmed.
It does though show that infrastructure and investment here in Spain is apparent and this is a boost for the economy. All the more reason to invest in property here. The tourist’s love affair with Andalucia has been here for decades which is excellent for those looking to invest in rental properties here.
If you are looking to live or retire in Spain it is good news for you too. Spain is enjoying a buoyant economy as house prices slowly climb year on year, more building work is commencing due to demand and investment in infrastructure is evident from a larger port in Malaga that will moor super yachts, to this high speed AVE link.
If you would like to know more about properties in Marbella or where the best frontline golf properties are then contact us today and our friendly team will listen to your requirements before offering you a selection of ideas.
With the current unsettling political situation in the UK making the £/euro exchange rate dip to 1:12 at today’s rate, this is the time to think about buying your property in Spain. It certainly isn’t the lowest the exchange rate has been over recent months but it is highly likely to tumble further over coming weeks.
The property market here in Spain is buoyant and there continues to be some really great deals on off-plan property, so if you are looking at a way to pay for your property in set stages, this is probably the best option for you. This way you can pay a smaller deposit whilst the £/Euro rate is lower and hope then that the unsettling times stabilise.
If you are in a position to either get a mortgage or are a cash buyer looking to buy outright, then picking up a key ready property in a stunning location could be done fairly quickly ensuring you get good value. If you are an investment buyer looking to let out property and earn an income then your investment could start paying for itself in no time at all as visitors to the Costa del Sol remain high.
This is no wonder with a fabulous climate and superb range of outdoor pursuits to fill the time of a holidaymaker. Championship golf courses abound, great beaches, fine dining and amazing shopping facilities make Spain a lovely destination. Couple that with diverse countryside and a superb history and culture with great cities that beg to be explored and you have an instant recipe for holiday success. House prices in Andalucia have been steadily rising year on year meaning your investment will increase in value too.
If you are looking to retire here then finding that fabulous apartment overlooking the beach or a great little townhouse on a golf course won’t be too difficult. It is likely that with the departure of the Prime Minister and the swearing in of a new one however quickly that may happen, the GBP may take a further tumble so talk to us about some of the great property deals we have on the market and how to lock in an exchange rate.
Fabulous Fuengirola has been a mecca for tourists for decades so it is no surprise this is a wonderful area to set up home or a have a holiday home.
Nestled between Torremolinos and Marbella, Fuengirola is one of the Costa del Sol’s biggest and most popular holiday resorts. Properties for sale in Fuengirola mix with buzzing beachfront bars and friendly restaurants and in contrast there are also side streets and squares crammed with upmarket tapas places and chic boutiques.
The Moorish Sohail Castle adds a bit of history and other attractions include Bioparc Fuengirola. The real draw, though, is the super-sized sandy beach. Fuengirola has a whopping eight kilometres of sand, split into eight different beaches starting off at the castle spreading westwards past the marina to Carvajal in the east. Four of these beautiful beaches hold the Blue Flag.
The Paseo Maritimo, a seaside walkway that spans the whole stretch of the town and is perfect for a gentle walk, jog or full on run. Fuengirola is just 25kms from Malaga airport.
With a great combination of nationalities loving the area, it is well set up with infrastructure and international shops, bars and restaurants. From here you can reach Malaga airport in 20 minutes by car or just take the train. Marbella is just under 30 minutes in the other direction. If you fly in and out regularly or let out your holiday home, it is the perfect location.
With so much on offer, you could lose yourself in the lovely Spanish lifestyle for days, dining out, relaxing on beaches, shopping and having fun. Locally you’ll find a shopping centre complex, cinema, department stores, several supermarkets, sports and leisure centres, and a water park. Visitors love this area as it caters for all ages. In the evening if you love art and culture, it is easy to hop on a train to Malaga and enjoy a different scene or drive to Marbella for lively nightlife.
Whether you are looking for a beachside apartment or frontline golf villa, we have plenty of tempting choices for you. If you are a golf lover, there’s a superb collection of courses right on your doorstep.
So, if you are searching for the perfect area to buy in Andalucia, check out Fuengirola. If you would like to see some properties for sale in Fuengirola, our experienced team can help you choose the ideal home for you. Simply call on of our local real estate experts at our local number 0034 952 939 460 or on our UK number 0044 208 068 7606.
The weather is hotting up nicely and whether you are coming out to stay in your holiday home or living here you will know June on the Costa del Sol is a wonderful month to experience all it has to offer.
With the huge range of fantastic golf courses available you are really spoilt for choice if you fancy playing a round or two on one of the Championship courses. To encourage more women into the sport, Women’s Golf Day is back on Tuesday 4th June for its 2019 edition, at the exclusive Finca Cortesin Golf Club in Casares. The next Challenge Tour event on the golfing calendar is the Andalucía Costa del Sol Match Play 9 at Valle Romano Golf in Estepona Thursday 20th until Sunday 23rd June. Last but absolutely not least, the Andalucía Valderrama Masters takes place in Sotogrande from Wednesday 26th until Sunday 30th June.
Fairs & Ferias
Spain loves a good fair or feria and June being the month of the summer solstice Fiesta de San Juan is one of the best known. San Juan is well-celebrated throughout Spain and each region puts its own slant on proceedings. Málaga, Fuengirola and Marbella are where the largest celebrations are held but in smaller areas there will be celebrations too. The beach bonfires are lit and the celebrations go on all night until dawn. Don’t miss it if you think you can stay up all night. Celebrations this year are held on 23rd June.
Marbella Fair is being held from Wednesday 5th until Tuesday 11th June. This is definitely one to visit if you are in the area as it’s a great event for all ages with music performances, stalls selling local products, flamenco, shows and events for children and of course those obligatory fireworks. Renowned as one of the most colourful fairs in all of Andalucía, the Feria de Marbella is definitely one not to miss and whilst you are there wandering the decorated streets of the Old Town is the perfect antidote to ease away stresses and strains.
If all this sounds like your cup of tea have you considered living or retiring here in on the Costa del Sol? Properties up and down the coast are very reasonably priced and the lifestyle is a healthy outdoor one. If you are tempted take a look at our properties for sale in Marbella or contact us for more information.