Marbella
September 19, 2024

Ugo Bagration to Head Sotheby’s in Marbella

VIVA Sotheby’s International Realty has appointed Ugo Bagration as Regional Director for Eastern Andalusia. This move comes as part of a broader expansion strategy by VIVIUM Holding, the investment firm that recently acquired the luxury real estate brand’s franchises in Dubai, the UK, Saudi Arabia and Spain. Ugo, formerly associated with Berkshire Hathaway HomeServices Marbella, brings significant local expertise to his new role. He will […]

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News
July 12, 2024

Meh Month for Spanish Real Estate

The number of properties sold in Spain in May 2024 increased by a moderate 3% year-on-year, reaching 62,485 homes, with the average price per square meter at โ‚ฌ1,681, representing a 1.3% annual increase, according to official figures from Spain’s Notaries. Regionally, Andalucia was very similar to May last year on all fronts. The Valencia Region saw similar transaction volume but notable rises in prices and […]

Stats
June 11, 2024

Are You Team Resale or Off-plan?

Foreigners spend 76.4% more on new homes compared to second-hand homes when purchasing properties in Spain. Foreigners purchasing new homes in Spain pay an average of โ‚ฌ299,053, while the average price for second-hand/resale properties is โ‚ฌ169,573. In my experience since the rebound of the market around 2014-16, most new agencies selling to foreigners on Costa del Sol come into the market focusing on new developments […]

marbella rea estate market update
News
May 14, 2024

What Goes Up…

Following two consecutive months of increases, property sales in Spain in March 2024 reached 56,559 a drop of 13.7% year-on-year, figures from Spain’s Notaries show. However, it should be noted that sales in March were ๐ฎ๐ฉ against February by 3,417 properties, so for those of us wanting to put a positive spin on this, thereยดs the angle! ๐Œ๐š๐ซ๐œ๐ก ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ฏ๐ฌ ๐Œ๐š๐ซ๐œ๐ก ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘ ๐Ÿ”ป Andalucรญa -20.4% […]

News
March 4, 2024

New Short-Term Rentals Rules on Costa del Sol

The real estate market in Costa del Sol is experiencing significant shifts in regulations regarding short-term rentals, impacting both buyers and agents. Recent judgments and regulations have introduced new considerations for those looking to invest in properties with the intention of renting them out on a short-term basis. These changes highlight the importance of thorough research and understanding of the evolving legal landscape before making […]

News
February 12, 2024

Despite Spain Sales Drop, 4th Best since 2007

In 2023, the real estate landscape experienced significant shifts, as highlighted by recent statistics. Despite a notable 11.2% annual decrease in home sales, the market saw a surprising 1.5% increase in prices. These numbers underscore a dynamic year for both buyers and sellers, characterized by fluctuating demand and evolving market conditions, official figures from Spain’s notaries show. In total, 640,451 property transactions have been closed, […]

News
January 4, 2024

UCI Survey: Spanish Property Market Trends Revealed

In the results of the 17th edition of the UCI and SIRA Real Estate Barometer, titled ‘The Sentiment of Real Estate Professionals,’ significant insights into the Spanish property market have emerged.ย  Optimism in the Real Estate Sector Regarding the outlook for the real estate sector, 49% of surveyedย real estate agents in Spainย perceive an increase or stabilization in the number of selling clients, while the remaining […]

Marbella
December 31, 2023

Almost 1 in 3 People Living in Marbella is Foreign

Almost 1 in 3 (29.5%) people living in Marbella is foreign. This was revealed by the National Statistics Institute (INE) data for Jan’23 which shows that 46,094 of Marbella’s 156,153 inhabitants are foreign. According to marbella24horas.es, “Marbella is the fourth municipality in Spain where the number of inhabitants has increased the most in relative terms.” ๐๐š๐ญ๐ข๐จ๐ง๐š๐ฅ๐ข๐ญ๐ข๐ž๐ฌ What I find interesting is that in terms of […]

Branded Residences
December 23, 2023

Savills Branded Residences Report Review

What continues to be a hot topic on the Costa del Sol: branded residences, here is a report about the category, courtesy of Savills, It is fascinating to see what is in the pipeline worldwide, particularly that in the non-hotel branded residences category, the Trump brand is 3rd worldwide. It also makes sense that the main players globally are hotel-branded residences, with Four Seasons and […]

News
November 23, 2023

Spain’s Real Estate Market Defies Concerns

Market Update: Spain’s real estate market defies global economic concerns, boasting the Eurozone’s highest growth forecast at 2.2%-2.4% by 2023, according to pisos.com. Despite a slowdown in transactions and mortgages, substantial price drops have not materialized, attributing the market’s resilience to an ongoing housing supply shortage. Ferran Font, Director of Studies at pisos.com, underscores the scarcity of available properties, driven by disruptions in construction due […]