Read blogs about buying a second home in Spain, how to finance your purchase and more.
On the border between Fuengirola and Benalmadena lies an area called La Reserva de Higuerón. The area is characterized by modern new construction, which combines Andalucia and Western vanguardism. The area has largely been developed by a Spanish family business, whose two sons studied architecture at the University of California at Berkley. The influence from beyond the seas can be seen in the architecture and lifestyle services of the area. The transport connections in this value area are excellent. The AP7 highway is at the top of the area, so Malaga airport is a short drive of approx. 10 minutes. You can drive to the center of Malaga in a couple of ten minutes and to Marbella in less than half an hour. The upper and lower parts of the area are connected by two straight roads, so the...more
Demand in the Spanish housing market continues to be strong. Buyers are both local and foreign. The Spanish housing price index (Tinsa IMIE) rose in the first quater of this year by 6.6% compared to the same period last year. In the region of Andalusia, this increase was even slightly higher at 8%. At the city level, the most expensive square meter prices were found in the San Sebastian region of Northern Spain. Prices per square meter in the province of Malaga were above the Spanish average, but they are still moderate compared to Madrid's housing prices. Although house prices in some areas have surpassed pre-crisis levels of 2008, Spain as a whole is still a...more
Clients often ask which one is better, to buy a new development or resale. A few years back the dilemma didn't exist, since there were only a few new developments in the making. The 2008 crisis hit Spain very hard and it took a while until the market recovered, and banks started offer finance and developers got back to the scene. Now there are plenty of new luxury developments to choose from. The pros for buying a new development is that you get a modern fresh property that is built according to the EU standards. No longer should you hear the neighbour flushing their toilet or singing in the shower. Also ventilation and energy efficiency is complying with new higher standards. When buying a property, location is often a key element to consider. The best locations...more
At this time of the year when it’s still cold in many parts of Europe, one starts wondering how nice it would be to have a house in the sun. Especially, if you work a great deal from home and can permit yourself getaways to the warmth. The trendy and sunny southern Spain, “The California of Europe”, attracts people not just for the low cost of living - sure it’s nice you grab a latte and toasted croissant for 2,10€ - but also houses are considerably cheaper here compared to many European cities. You can actually get a brand new two bedroom apartment with a sea views, close to amenities for 189.000€ and a used home for even less, like this one. You could probably also buy a luxurious villa for half of the price you would pay at home. Check out some of the new developments...more