Important court decision on Spanish property

Yesterday we had knowledge in Spain of an important Court ruling (Sentencia Tribunal Constitucional) . If you have sold a real estate property in the last four years and suffered losses with it, you can claim what has been paid to the city council as Gains Tax (Impuesto de Plusvalía Municipal). Contact us for details.

Property funds looking to invest in Spain in 2017

A number of property funds, amongst them a Dubai and a USA based fund, are planning to invest in total around 47 million euros this year. Some of them are continuing on previous investments in various parts of Spain, for example Imperio Group of Dubai which has recently renovated a historic building in Barcelona.

Luxury investment in Marbella planned

A British investment fund plans to spend 25 million euros on the construction of 5 luxury villas in Marbella. The residences will be built in Cascadas de Camojan, a sought after elevated area overlooking Marbella, on plots of between 2000 and 3000 square metres. The project is aiming completion in 2018.

Sotogrande sailing championship 2016

This year Sotogrande is hosting 2 important international sailing events, marking its territory as a prime sailing destination. Between the 10th and 15th of May the RC44 Sailing Championship will celebrate its 10th year in Sotogrande, and between the 25th June and 2nd July the J80 World Regatta.

 

Malaga Motor Show a huge success

More than 20,000 visitors attended the 150 exhibitor show of Salon Retro Auto show in Malaga for the third year running. Specialist clubs, vendors of memorabilia and parts, and other sectors were represented in the established event. Image from the event below:

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Renovations ongoing in Marbella centre

Various projects have been put out to tender with a 1.8 milion euro budget for improvements in Marbella town streets. The mayor, Jose Bernal,  said the works are aimed at improving an area which has been neglected over recent years and will be a significant boost to its development. The works are scheduled to last from five to six months.

Marbella is again a favourite for luxury property buyers

Marbella is amongst the favourite places for property buyers in search of luxury homes, according to a new real estate report. Sales of Marbella properties of more than 900,000 euros accounted for 10.7% of all the luxury homes sales in Spain, a doubling over 2014. The highest demand appears to be in the range of 400,000 and 2 million euros.