Just got back from the LPA Real Estate Breakfast in Marbella — packed room, great energy. A few tweaks needed though: tighter agendas, and maybe skip the 30-minute Spanish intro before the English session — even if it is the mayor 🙃
Mayor tackled the proposed 100% tax – called it a smokescreen and urged agents to reassure foreign buyers it’s not happening. He also gave an update on the long-awaited new urban plan… though an exact ETA is still anyone’s guess.
Chris Clover asked the mayor about their plans to improve infrastructure – roads, water, electricity. The mayor admitted it’s a problem but said it’s not in their remit. Toll road subsidies? On the table.
Market panel hit familiar notes: higher-end deals, stock still tight, and valuations must be fact-based. Mia announced Fine & Country’s new franchise for the Costa del Sol. Canada and Romania flagged as emerging buyer markets.
Major red flag: labour inspections on “falso autónomos” in real estate — backdated fines, reclassification risks. This needs a full podcast deep dive in English.
Big changes coming to short-term rental regs in July. Stay tuned.
