Marbella Info, News, Articles, Events, Luxury Homes – DM Properties Blog http://www.dmproperties.com The real estate experts at DM Properties share their knowledge and experience of the real estate market in Marbella and the Costa del Sol. Wed, 31 Aug 2016 10:30:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.6 Record breaking tourism figures for Spain http://www.dmproperties.com/15550-record-breaking-tourism-figures-spain.html Wed, 31 Aug 2016 09:44:40 +0000 http://www.dmproperties.com/?p=15550 Spain welcomed 33 million tourists to its shores in the first six months of the year, leading to forecasts from travel company Exceltur that 74 million foreigners will have visited the country by the end of the year.

Record breaking tourism figures for Spain

This would far surpass last year’s total of 68 million, which in itself was a high watermark figure and the third record-breaking year in a row. Not only are visitor numbers up, but they are spending an average 7.8% a head more too, bringing an added boost to the Spanish economy.

By numbers, the most important nationalities visiting Spain were Britons, Scandinavians and Germans, with a significant increase in French expected as well.

On a regional level, an article in respected Spanish newspaper El Mundo revealed that more than half of foreign travellers to Andalucía had Málaga province—and particularly coastal resorts such as Marbella, Fuengirola and Torremolinos—as their destination in the first half of the year.

In June alone some 2,047,650 overnight stays were recorded in Málaga province’s tourist accommodation, with 76.4% of them being by foreigners. Hotel occupancy was reported as 70.2% for the month—two points better than the previous June. This continued the trend seen since Easter, when many of Marbella’s five-star hotels put out the ‘No Vacancies’ signs as rooms filled up.

Head of the Costa del Sol Tourism Board, Elías Bendodo said: “This weight of international tourism is made possible by the superb connectivity of the region. We have an airport that connects us to Europe and almost anywhere in the world.” He added that once travellers arrive “it is essential to continue to maintain an attractive tourist offer and persuade visitors to come back time and time again. We work on this every day.”

This attitude is something that we see in Marbella both from local businesses and the Town Council. Owners and management of five-star resorts such as the Puente Romano and Marbella Club, as well as restaurants and leisure services, have a keen understanding of the demands of international visitors and work hard to ensure standards are maintained to a high level.

Marbella Council too has been investing significant sums of money in ensuring the infrastructure of roads, beaches and parks is maintained to a high level.

In effect it is a private/public partnership, which ensures Marbella keeps its place as a destination that attracts people from all around the world.

If you would like to take advantage of the high standard of living in Marbella, whether permanently or by purchasing a holiday home, please contact us. DM Properties has a fine selection of premium villas and apartments for sale in Marbella.

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Foreign investment in Marbella and Spain’s Luxury Villas on the rise http://www.dmproperties.com/15395-foreign-investment-marbella-spains-luxury-villas-rise.html Fri, 26 Aug 2016 09:46:29 +0000 http://www.dmproperties.com/?p=15395 Foreign investment is helping bring the economically important construction industry in Spain back to life with funds spent on building new homes last year reaching more than 80 times the levels seen in 2014 according to a report by Reuters—a trend reflected in the luxury villas and apartments sector of Marbella.

Foreign investment in Marbella and Spain's Luxury Villas on the rise

Global investors have been casting around for good investment opportunities, and last year they recognised that Spain—and particularly Madrid, Barcelona and high end coastal resorts such as Marbella—provide just that, with an affluent client base and pent up demand from previous years being released as the Spanish economy improves.

Although construction activity is still well below the peak of 2007, the levels being observed now are seen by property professionals as being at a much more sustainable level and less vulnerable to a ‘boom and bust’ cycle, as more caution is being displayed in both the quality and location of new residential units.

Demand is for luxury villas and apartments in Marbella

When the property market in Spain ground to a halt in 2008 a large number of apartments were left unsold—many because they were either of poor quality or in out of the way isolated locations—and in some disastrous cases both. This was never a real problem in Marbella, where developers have long recognised that the premium buyer the town attracts demands a well-built home in a prime location. Indeed, earlier this year a report from a consortium of real estate professionals stated that Marbella had run out of housing stock—particularly at the high end of the sector—and more new build projects were desperately needed. Now developers have learned the lesson offered by Marbella, and promoters across Spain are focusing on luxury apartments and villas.

Locally, investment companies have not been slow to react, with several projects worth hundreds of millions of euros being announced for Marbella and the surrounding areas by Asian, Middle Eastern, European and American companies. Across Spain as a whole, in 2015 construction and property accounted for a third of the €22 billion inward investment from foreign sources according to the Ministry for the Economy. Speaking to Reuters, Knight Frank partner Ernesto Tarazona said: “The market has fired up precisely because players have come from overseas. There are some local investors left, but not many.”

This is the pattern DM Properties has seen in Marbella and other high-end locations such as La Zagaleta, where the luxury villas for sale are being snapped up, often by buyers from such countries as Saudi Arabia, Sweden, Norway, Germany, Belgium and Britain, while the Russians are returning to the resort’s real estate market after a short hiatus due to a weak Ruble, according to a report by Property Consultant Barbara Wood.

Should you be looking for an investment property in a prime residential zone of Marbella, please contact us, we have a fine selection of villas and apartments for sale in the area.

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More positive news for Spain’s Property Market http://www.dmproperties.com/15349-positive-news-spains-property-market.html Fri, 19 Aug 2016 07:20:45 +0000 http://www.dmproperties.com/?p=15349 As Marbella’s leading real estate agency, DM Properties is interested to see official data confirming that Spain’s property market is on an upward trend with the news that the first quarter of 2016 showed the biggest year-on-year increase in housing prices since 2007.

Marbella Club Golf Resort, Commanding Views from Hilltop Position

According to the European Commission’s statistical office, Eurostat, homes cost an average of 6.3% more in Q1 of this year than during the same period of 2015, making it eight consecutive quarters of year-on-year increases following six years of declines across Spain as a whole. Locally, the recovery started earlier in Marbella and proceeded at a faster pace than in the rest of the country.

In Spain overall the price of housing rose 1.4% over Q4 of 2015, continuing a trend of steady gains seen throughout last year. It would also appear that concerns over the UK’s referendum on EU membership did not hinder the market either here or in Britain—which saw a year-on-year increase in property prices of 8% during the first quarter. We will have to wait a little longer to see if there is an immediate effect now a Brexit vote has been confirmed.

Among EU member countries only Italy and Cyprus, both with declines of 1.2%, saw a year-on-year fall, although figures for Greece have not been made available yet. Overall the Eurozone real estate market is on the rise, with a 3% increase registered in Q1 year-on-year—its highest figure since 2008—and in the EU as a whole that figure was 4%, or 0.7% compared to the previous three months.

While Spain has been showing sustainable growth, there is some concern that other countries may be overheating. Hungary saw a 15.2% increase in Q1 over the same period of 2015, prices were up 13.4% in Austria and 12.6% in Sweden. This last figure is of particular interest to Marbella as the Scandinavian market in general is of increasing importance to the resort town. It can be expected that higher prices in Sweden, Norway (+5%) and Denmark (+5%) can translate into greater demand for property on the Costa del Sol from asset rich Scandinavians looking for value.

These independent figures from Eurostat are encouraging news and confirm statistics from a variety of sources that have all pointed to a sustained recovery in the Spanish property market. Should you be interested in investing in a villa or apartment in Marbella please contact us—we have a fine selection of quality investment opportunities available.

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Marbella Real Estate sector set to rise above Brexit fears http://www.dmproperties.com/15288-marbella-real-estate-sector-brexit.html Fri, 12 Aug 2016 12:44:40 +0000 http://www.dmproperties.com/?p=15288 The rise of the Middle Eastern buyer in Marbella’s exclusive property sector looks likely to mitigate against any Brexit dampening effect in a market that has been making steady gains over the past few years.

Marbella Real Estate sector set to rise above Brexit fears

According to the latest Knight Frank Spain Inside View Report there has been a 164% increase in searches for Marbella property from Middle Eastern web users between 2014 and 2015. This can be viewed as part of one of the key trends identified by the report’s authors—the increasing prominence of non-EU buyers within the Spanish real estate sector as a whole. The other main theme is the importance of properties within the €1 million to €3 million price range as the most fluid segment of the market.

When it comes to foreign buyers the percentage of non-EU nationals increased from 31% in 2013 to 40% today and, while UK citizens are still the single biggest group at 22% that is down from 24% in the same time period.

Modern villas for sale on Marbella’s Golden Mile

In the report, Knight Frank’s Kate Everett-Allen pointed out that newly-built modern villas in good locations—for example beachfront properties along the Golden Mile and gated communities such as Sierra Blanca, Camoján and La Zagaleta—are continuing to outperform the wider market. She said: “In Marbella, Northern European, British and Russian buyers dominate demand. The market turned in 2012 and prices are rising. Northern Europeans are fuelling sales of €10million plus properties in prime areas such as the Golden Mile’s beachfront and La Zagaleta. There is also healthy demand between the two extremes for modern, ideally newly-built, villas or apartments on small gated communities. Off-plan investment is also proving popular again—a way for buyers to get the high-quality, high-tech new home they want and to finance it through stage payments.”

Add in increased interest from the Middle East, Spain’s rapidly improving economy—GDP growth is forecast at 2.6%—and ultra-loose monetary policy by the European Central Bank improving liquidity, and it can be seen that the future looks bright for Marbella’s real estate sector.

Despite this, DM Properties acknowledges that towards the budget to medium end of the market uncertainty caused by Brexit may have a dampening effect, particularly with a weakening of the pound. Pia Arrieta of DMP commented: “That not withstanding, with our 30 years’ experience of selling multi-million euro properties we feel that this sector may actually benefit from Brexit. There are a number of reasons for this—one is the prospect of ultra-high-net-worth individuals looking away from London for investment opportunities. Marbella is well placed to take advantage of any capital flight—it has the premium properties such buyers seek out, infrastructure is good, prices are rising and the leisure facilities are of the quality demanded by such investors. On top of that, as part of the Schengen agreement non-dom residents can take advantage of free travel throughout most of Europe, and the Golden Visa may prove attractive to non-EU nationals seeking residency rights.”

Pia added: “Prices of Marbella homes —even at the top end of the bracket—remain competitive on a global basis, while we have also seen the Euro lose value against the dollar. For international buyers who traditionally view dollars as the de facto currency, that has made Marbella real estate even better value.”

Should you be interested in investing in a quality Marbella villa, penthouse or apartment, please contact DM Properties for a consultation.

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Marbella, a preferred destination for Arab property buyers http://www.dmproperties.com/15111-marbella-preferred-destination-arab-property-buyers.html Tue, 09 Aug 2016 07:18:21 +0000 http://www.dmproperties.com/?p=15111 The importance of the Arabian nations to Marbella’s economy cannot be understated and this seems set to continue with the news that enquiries from such places as the UAE and Saudi Arabia have risen by 164% in recent months, according to DM Properties’ partner agency Knight Frank.

Gulf exposure for Marbella

Now the appeal of the resort town as a luxury destination has been given a welcome boost by an article in the influential Gulf News that extolls the virtues of Marbella and reminds potential buyers of just why the Costa del Sol town is such an alluring proposition to Arab buyers seeking a villa or apartment in Europe.

Written by Knight Frank Associate Partner Victoria Garrett, it details the history of how Marbella first became a favourite with property purchasers from the Gulf States particularly—tracing the boom back to the Saudi royal family’s love affair with the town. Initially they took suites in such establishments as the Marbella Club, but that was to change when King Fahd had a magnificent palace complex, complete with lavish park, mosque and sports centre, built on the Golden Mile in the 1980s.

Gulf exposure for Marbella

This was the signal for wealthy Middle Eastern buyers to also move out of their hotel suites and invest in their own opulent villas, with the Golden Mile being the most sought after address—and it remains the most exclusive location to this day.

Explaining the draw of Marbella to Gulf nation citizens, Victoria Garrett said the year-round temperate climate and the plethora of luxury facilities are high up the list, but perhaps as important is the welcome Arabs receive in the town. They feel at home here, partly because of the Arabic influence on the architecture, cuisine and historical monuments of Andalucía as a whole.

For those desiring an apartment, Marbella also offers an excellent selection, says Ms Garrett. She added: “Security and services are also important, especially in the form of luxury apartment complexes with manned security, concierge and in situ spa, gym and swimming pools. In terms of architecture the younger generation of entrepreneurs and professionals are keen on sleek modern styles that are in vogue, while somewhat older buyers—often government officials and diplomats— still prefer more classical homes with Mediterranean and Arabian design features that include shaded areas, cooling patios and shuttered windows.”

The architects and developers on the Costa del Sol have never been slow to react to changing trends and so the Marbella property sector can cater for any needs a buyer may have. DM Properties has many years’ experience of the high-end property market in Marbella and can help potential buyers source villas and apartments of the highest quality, whether on the Golden Mile or in equally desirable locations such as Puerto Banús, Sierra Blanca and Club de Campo La Zagaleta. Please contact us and we can discuss your requirements.

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Latest Highlights Marbella property magazine is out now! http://www.dmproperties.com/15144-highlights-marbella-property-magazine.html Fri, 05 Aug 2016 11:15:05 +0000 http://www.dmproperties.com/?p=15144 DM Properties is pleased to announce the publication of the latest edition of its own glossy magazine—Highlights Marbella.

Latest Highlights Marbella property magazine is out now!

As the name suggests, this quality publication turns the spotlight on some of the very finest properties for sale in and around Marbella, but more than that it also provides authoritative information about the real estate sector in this area, as well as a taste of the lifestyle options available here, including information on international schools.

Highlights is not only a very appealing option when it comes to reviewing the best villas and apartments available in the region, but also offers an indication of the most desirable areas of Marbella in which to buy a luxury home.

In it, we present a prime selection of the finest properties in Marbella and the Costa del Sol—and some of the most stunning along the whole Mediterranean coast. We are confident you will not find a better collection anywhere and certainly not presented in such a high quality format, which follows the standards we set in all our marketing.

Highlights begins with an in-depth market round-up that focuses on Marbella real estate sector trends over the past few months and particularly how property sales in the area are now at levels not seen since pre-crash 2006.

We concentrate on a selection of extraordinary homes in the best parts of Marbella, La Zagaleta, Benahavís, Estepona, Guadalmina Baja, Marbella East and the Golden Mile. These truly are the top properties for sale in the region—each one is unique and differs in style; from traditional Andalusian themes to the most modern contemporary homes.

To round up, our international partners Knight Frank have contributed a section of their highly respected Wealth Report, which summarises trends in global investment patterns.

Highlights magazine is also available in digital format—so keep your eyes open for a copy. You can also drop by our office in Marbella, or contact us.

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Tourism gives Marbella Property Market a boost http://www.dmproperties.com/15040-tourism-gives-marbella-property-market-boost.html Tue, 02 Aug 2016 13:48:42 +0000 http://www.dmproperties.com/?p=15040 Spain is experiencing another record-breaking year for tourism in a development that can only be good news for the property market.

Tourism gives Marbella Property Market a boost

Latest figures from the National Statistics Institute (INE) show that the number of overnight stays recorded across the country during April was a record breaking 23.4 million. While this represented a rise of 1.3% on the same month in 2015, the fact that the busy Easter period this year fell in March makes the figure even more impressive. As far as foreign visitors were concerned the numbers are quite spectacular—there was an 11.5% rise in non-Spanish guests during the month to reach 3.95 million. It is further confirmation that forecasts from a variety of sources of unprecedented levels of bookings this year look to be on target.

In Marbella, 80% of the five-star resorts and hotels reported full occupancy over the Easter weekend, and summer bookings, particularly from the UK and Scandinavian countries, are at record levels according to the ABTA travel agents association. Spanish tourism organisation Frontur is predicting an overall 11% rise in overnight stays by overseas visitors throughout 2016—making it the third record breaking year in a row.

Such positive news on the travel front is highly significant to the real estate sector in Marbella and Spain as a whole—a recent report from Spanish property portal Kyero has shown a strong link between levels of tourism and house sales.

Using official sources Frontur, INE.es and Fomento.gob.es, Kyero came up with this chart that displays the correlation between visitor figures and property sales to foreigners.

Tourism gives Marbella Property Market a boost
Source: Kyero

The Buyer Countries referred to in the illustration are the UK, Germany, France and the Nordic nations, who dominate the property market when it comes to sales to overseas residents—and are also the major players when it comes to international tourism to Spain. The record-breaking levels of visitors from abroad over the past few years helps explain why property sales to overseas clients rose by 60% nationally during 2015, according to the Council of Notaries. In Andalucía about a quarter of all properties were bought by foreign nationals last year—the vast majority of those in coastal resorts such as Marbella.

Improving economies in the UK and the Nordic countries in particular, as well as a relatively weak Euro have contributed to make Spanish property even more affordable, while the ever increasing number of tourists help put real estate in resorts such as Marbella ‘in the shop window’.

DM Properties has noticed an upsurge in both property sales and vacation rentals in Marbella, showing that there is indeed a close correlation between the two sectors. Should you wish to buy or rent a property in the resort town, please contact us for a consultation—we are sure we will be able to help you.

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Spain’s Luxury property market is gaining ground http://www.dmproperties.com/14962-spains-luxury-property-market.html Wed, 27 Jul 2016 12:09:30 +0000 http://www.dmproperties.com/?p=14962 Since Spain turned a corner in 2014, raising its head from the depths of recession to outpace most Eurozone economies last year, select pockets of its mainland and islands have taken on a momentum of their own.

Spain’s Luxury property market is gaining ground

Knight Frank’s latest report on Spain “Spain Inside View 2016” looks into just how the profile of Spain’s luxury buyers is shifting: the rise of the non-EU buyer – Latin Americans which now have a strong presence in Madrid, Middle Eastern buyers active in Marbella plus Swiss purchasers in Ibiza. Moreover, the second key trend is the strength of the €1m-€3m price band; nearly all of Knight Frank’s prime markets now consider it their most active market segment.

Spain is far from out of the woods altogether, political deadlock persists following two general elections in quick succession and unemployment remains high. But the regions that Knight Frank specializes in – Madrid and Barcelona, Marbella and the Balearic islands of Mallorca and Ibiza – are seeing clear signs of recovery, each fuelled by different forces.

Download the full report here

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DM Properties Knight Frank 2016 Marbella Market Report http://www.dmproperties.com/14889-knight-frank-2016-marbella-market-report.html Wed, 20 Jul 2016 13:38:21 +0000 http://www.dmproperties.com/?p=14889 Known as an authoritative resource that keeps its finger on the pulse of the Marbella real estate sector, the annual market report published by DM Properties for more than ten years now is an eagerly awaited gauge of the state of the local economy and all-important property industry.

DM Properties Knight Frank 2016 Marbella Market Report

In recent years we explained the supply, demand and price mechanics of the market, how reality and perception can be at odds with each other in the midst of a recession and at the height of a boom, as well as how investment flows and professional investors make their decisions.

In addition, we naturally describe market conditions, economic indicators and trends that affect the market in Marbella – and we’re proud that we do it in a way that is interesting to people in the business and accessible to those who aren’t!

2016 Market Report now out

The latest edition of the DM Properties Knight Frank Marbella Market Report has just been released, offering an up to date insight into the local real estate market. The study summarises the first half of this year as well as looking back to 2015 and ahead at the rest of the year ahead.

With over 30 years in Marbella’s luxury property sector DM Properties has the local expertise to match the international know-how and information resources of Knight Frank, ensuring the market report remains an authoritative source of information about the state of Marbella property.

So if you would like to know more about the facts and figures, trends and market tendencies that are affecting this region’s property sector, as well as the national and international economic and geopolitical factors involved, contact us or download a digital version.

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The 2016 DOM3 Prize for Architectural Excellence Marbella has been awarded http://www.dmproperties.com/14820-2016-dom3-prize-architectural-excellence-marbella-awarded.html Thu, 14 Jul 2016 13:01:54 +0000 http://www.dmproperties.com/?p=14820 The winners of this year’s DOM3 Architecture Award have been announced, with the top prize going to David Tuan. In keeping with the town’s cosmopolitan nature David—principle of Marbella studio Tuan & Co—is a Belgian national who has made the upmarket resort his home, both for professional and business reasons.

DM Properties congratulates Marbella's DOM3 winner

The excellence of his work was recognised by judges who awarded him the €40,000 top prize. Although this was just the second year of the competition, the DOM3 led architectural prize has already established itself as the premier competition for excellence in design and property development in southern Spain, and as such attracted a very high standard of entrants from around the world.

The jury’s decision was announced at a gala dinner held at the Finca de la Concepción de Marbella, where businessmen were joined by representatives from the political sphere, including Málaga Provincial President Elias Bendodo and the mayors of Estepona and Benahavís—José María García Urbano and José Antonio Mena respectively.

The competing architects were asked to create designs for a new project of semi-detached villas and apartments on three plots of 12,270 m2, 27,423 m2 and 19,412 m2 respectively, with the winning plans possibly being used by sponsors Urbania International for the final development. David’s project, titled ‘Community by Design’, which was drawn up in conjunction with colleague Mathieu Lebre, was chosen as the winner from a field of 145 participants from 25 cities around the world representing a total of 14 nationalities.

DOM3 Marbella 2016

The second prize, worth €20,000, was for the project ‘Domus Aqua’, presented by Madrid studio CMA Architects & Q Architecture, while third place, worth €10,000, recognised the talent of Marbella-based JRDR architecture in collaboration with Shanghai studio Four or Nine.

DM Properties is proud to be a member of DOM3, which is a collective of leading professionals from the real estate and related sectors with the aim of stimulating and promoting the highest levels of architectural design. This endeavour is particularly important in a town like Marbella, where the top-end of the market has been the main force behind the property sector’s recovery and growth over the past few years.

Pia Arrieta, of DM Properties, said: “Many congratulations to David for his imaginative design—it is a worthy winner.”

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