The Spanish Property Market............................
.....................................its all about location.....

It is obviously a time of concern that large areas of the property market in Spain will drop in 2008, especially for holiday apartments on the coast that foreign purchasers look for.

2008 will see a massive amount of standard off-plan developments and properties coming through to completion in already established and built up holiday spots of the coast. Lots of these developments don't offer bespoke or exclusive features, such as Golf course, Sauna, Jacuzzi, Spa, Gym etc etc .

However, there are less of these properties and developments available in prime and key areas.

Price is not always the concern for people looking to purchase a semi permanent or permanent home. Lifestyle and quality of life plays a massive part and a trouble free purchase may be more of a priority than the market value.

Spain is a great place to live and remains one of the top destinations for overseas property purchase given its distance and accessibility from the UK and the stable political situation.

2008 may prove the best time to buy with some cheaper property available on the market. But look at areas with infrastructure enhancements and developments with quality finishes and facilities such as Golf, Marina, Spa, etc etc...

2008, may be the time to buy!

The Spanish property market is made up of many different regional segments that are very different to each other.

A tiny "cheap" apartment on the Costa del Sol can not be compared with a large luxury villa in Marbella, and this type of apartment has even less in common with luxury villas in Mallorca, or traditional stone houses in Asturias.

They are worlds apart and in totally different markets, with different buyers, vendors, budgets, and supply / demand issues.

So when you hear negative stories and statements about the Spanish property market, they can be misleading. These reports don’t reflect the reality of different regions and segments, which move in different directions.

If you are looking to purchase in Spain, you need to do your homework about the different regions and areas available. It’s a good idea to identify your lifestyle and living requirements as the regions and areas vary greatly.

There may be a region or area that is reported as heading for a crash, but if you are looking to an area that is rising, the reports are not much use to you.

Of all the many regions of Spain, the top performing areas in 2007 were Granada and Murcia.

In Granada property rose in 2007 by 8.5% (stats from the Spanish housing ministry)

Murcia tells a similar story, property rose by 8.1%.

The lowest performers were Madrid and Alicante where the rise was only 1.8% and 3.3% respectively

2007 top and bottom performing regions in Spain.

Top
Granada region 8.5%
Murcia region 8.1%

Bottom
Madrid 1.8%
Alicante 3.3%

At Property Finder Online, we are committed to provide you with the best and most up to date information about the market and areas of Spain.

We now have a Blog page with regular updates to keep you informed.... Click here

 

The once dreamed about Marina Project for Nerja-Torrox will be a reality!

The Junta de Andalucia and the Mayor´s of both Nerja and Torrox, have announced the fantastic news that the long awaited Marina will finnaly go ahead and construction is due to start in 2008.

The Marina will be called Puerto Deportivo Nerja-Torrox and will be located on Playa Wilches which is directly next to and in front of the Calaceite Golf Development.

500 berth Marina to cost 33 million Euros!

The project will cost around 33 Million Euros and will take around two years to complete when work gets underway.
The marina will offer 500 new berths for boats between 8 and 25 metres in length and also 90 metres of quay side to accommodate larger boats of up to 35 metres long.

The marina will cover a total of 229,000m2, 72,000m2 of which will be on land.
A large commercial centre of 3,500m2 will be available for restaurants, cafeterias, shops etc and parking for some 300 cars.

Calaceite Residential is located on the coast about 3 kms from Nerja, right next to the new Marina - Puerto deportivo Nerja-Torrox.
Apartments from just €185,000.... Click here

Dracena Residencial is the long awaited sister development to the very popular Monte Alto residencial in Monachil. This modern apartment block is being built in the town of Huerta Vega, just 5 minutes from Granada and close to the Sierra Nevada ski resort.... Click here
The marina will be a massive asset to Nerja and Torrox that will increase tourism.


 

There are currently 40 marinas along the Andalucian coastline, 11 of which are located in the Malaga province.

It is estimated that 4200 berths are occupied along the entire coastline.

In the Marina of Caleta de Velez alone, there is a 4 year waiting list for a berth, therefore a new marina offering 500 berths will be greatly received.

Calaceite Residential - Luxury development next to Nerja-Torrox new Marina.

Calaceite is located on the coast about 3 kms from Nerja, right next to the new Marina - Puerto deportivo Nerja-Torrox.

Las Lomas is the second phase to be released on the Calaceite residencial Golf complex near Nerja.

These contemporary style apartments come with fully fitted kitchens and air-conditioning installed. The floors are marble throughout and a car parking space is included as well as a storeroom.

The development will be located 200 metres from the beach and due to the geographic circumstances of the plot, all apartments in Calaceite will have magnificent views to the Mediterranean Sea, Nerja and some apartments will even look over the new Marina!

The Calaceite development within two years, will offer an 18-hole golf course. Within the urbanisation there will be parks, shops and sports areas. It will provide all that is necessary to offer a high quality of life.