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 2016 Building permits for construction continue to grow, up 35%, The issue of home mortgages increased during 2015.

Smiley face Property sales increased by 14.7% during the last quarter of 2015. The image will float to the left of the text. THE PROPERTY MARKET is starting to pickup, and real estate has regained its appeal, as an investment product.

On average, buy to let investors, should enjoy a better return, than they would from Spanish saving bonds for example, or interest from various saving schemes.

Overall SPAIN and the Costa del sol, is still the top destination for the British, buying a property abroad, taking a 46% share.

Temperatures soar as heatwave hits Spain and Portugal A heatwave in Spain and Portugal has triggered alerts across the region, with temperatures soaring above 40C and warnings of risks to residents' health.

Average house prices have been falling for over 7 years and, though the most recent reports show that overall values are still falling slightly, an increase along the Mediterranean coast has already begun – in this zone, prices are over 2 percent higher than last year.
Nationally, house prices are anticipated to follow suit and are also expected to increase by around 2 percent during 2015. The strength of the recovery will largely depend on more general economic factors, but with tourism still breaking records and unemployment rates falling, the prospects are strong.
Many onlookers will be waiting for a more sustained recovery and the mortgage market offers an earlier indication of the way the market is heading. There have now been twelve consecutive months of increases in the number of mortgages issued in Spain, and the average loan has increased in value by over 3 percent. The study by IPE, a business school that specialises in real estate, claims the property sector will grow 10% in beach destinations like the Costa del Sol, between 5% and 7% in big cities like Madrid and Barcelona, and by 3% in cities in the interior.
In particular, the COSTA DEL SOL property market has a bright future, says José Antonio Pérez, from the IPE, in comments to the Spanish press. Sales in Malaga province, home to the Costa del Sol, are already up 10% this year, and now represent 5% of all sales nationwide.

If sales continue growing at their present trend, the property market in Málaga province, home to the Costa del Sol, will increase to 30% of the Andalusian market, which in turn will increase to 20% of the overall Spanish market, buoyed by foreign demand for holiday homes on the Costa del sol.

Surging sales will help digest the glut of new homes on the coast, argue the IPE. The excess inventory of new homes is expected to fall by 50% this year, and new home construction start to show signs of life, having fallen by 90% since the top of the boom.,









Villasol Real Estate now has it's own app for use on mobile phones and tablets, you can download the app for free at Amazon or Google Play Store, or scan the QR code for your type of phone above.

After seven years of recession the Spanish property market is on the rise as the stock of homes in prime locations dwindles and prices are generally expected to rise in key areas of the Costa del Sol by the end of 2015.
With the Spanish economy showing signs of improvement and a more stable banking system, lending figures are on the up. Last year the typical lending rate in Spain dropped from 4.21% to 3.29% provided property buyers with more confidence. The biggest surges in Spanish mortgage lending on a month on month basis were in the Andalucía region and the Canary Islands with a rise of 25% and 26% respectively compared the average of 14.2% nationwide.

This year many agents report a further a boost in demand from British buyers due to extremely favourable currency exchange rates and numerous UK and International press reports echoing the sentiment that now is in fact the time to buy in Spain.
Last year Spain officially became the most popular place to retire to in Europe and 5th in the world, as outlined by the Annual Global Retirement Index by International Living.

British buyers in particular will soon have some free cash to spend on overseas properties. Changes, due to come into action in April, will give people more choice as to how they receive their pension. The over 55’s will be given an option as to whether they take their pension in several small sums, 25% tax free, or whether they take one single sum and potentially be taxed up to 40%.


The Spanish property market expanded by 19.1 per cent in 2014, according to the end-year data from the General Council of Notaries, based on home sales witnessed by notaries around Spain. This is the first natural and substantial increase in home sales since boom turned to bust.

Mortgage Lending There were 136,791 new residential mortgages signed last year, an increase of 42 per cent on the previous year. Mortgage lending is the key to resuscitating the Spanish housing market, so last year’s feisty increase in new residential mortgage lending is positive news. The average new mortgage loan also increased in value to €117,507, up 5.2 per cent in a year.

Foreigners buying property in Spain were more important to the Spanish housing market than ever in 2014, led by the British.

Foreigners bought 13 per cent of all the homes sold in Spain last year, according to the latest market report from the property registrars.

Of the 318,928 home sales registered in the property register last year, 41,493 were purchased by foreigners, led by the British, who snapped up 7,023 residential properties in Spain in 2014.

Foreign demand as a share of the overall market crept up each quarter as the year progressed, continuing a trend of growing foreign market share that started back in 2010. In Q4 foreign demand was a record 13.88 per cent of the Spanish housing market, up from a low of 4.2 per cent in 2009.

British investors have always had the biggest appetite for Spanish property, but the Pound-Euro exchange rate is the throttle that determines how much of that appetite turns into sales.

The Pound is currently at a five year high against the Euro, up 14 per cent over 12 months, and only around 5 per cent shy of its boom-time level around 1.5 Euro to the Pound. Coupled with a Spanish house price crash, and surging property prices in the UK, a second home in Spain is starting to look cheap again to British buyers. Pity the poor folk still trying to sell and repatriate pounds to the UK.

The average price of property in Spain will rise nearly 1.5 per cent in certain locations this year, followed by a generalised increase of five per cent in 2016, according to Bankinter’s quarterly property market report.

Bankinter forecasts total demand for homes will grow to nearly 400,000 properties this year, and 450,000 in 2016, mainly driven by the resale market. New home sales are expected to rise to around 100,000 units in 2016.

MORE GOOD NEWS FOR BUYERS
Average Spanish house prices declined an annualised 2.7 per cent across Spain in January, according to the TINSA General and Large Markets Index (IMIE in Spanish). Tinsa is one of the largest appraisal firms in Spain.
The Euribor, the rate normally used for Spanish mortgage interest payments, fell to 0.298% in January, the lowest rate on record, and 47% less than a year ago, and this alongside the strengthening GBPound against the euro make it a very attractive time for the British to buy a property here in Spain.
The main difference between now and 2007 is that in 2007 the majority of buyers were speculative; they bought property with a view to selling it on in a couple of years, with a profit of up to 20%. Now, investors are looking for long term investments, using the rental market to make a profit.

December 2014
SPANISH PROPERTY RECOVERY There are clear signs that the Property market in Spain, has finally bottomed out, falling property prices will very shortly be a thing of the past. House prices in the second quarter of this year have increased, for the first time in six years.
The main regions enjoying the increase are Andalucia, Baleares, Madrid, and Galicia.

October 2014
The UK took a bit of a battering last week, not just by the wind and rain. Sterling had a bit of a reality check with weaker than expected inflation figures and the continued global uncertainty impacting the value of the pound. Over the past few months Sterling has been outperforming most of the other majors, with GBP/EUR exchanges rates touching on a six year high after the Scottish referendum and talk of interest rate hike from the Bank of England. GBPEUR has started to drop, but is still at a 2 year high representing excellent value for buying in Europe

MALAGA AIRPORT
is the fourth busiest airport in Spain after Madrid–Barajas, Barcelona and Palma de Mallorca. It is an important airport for Spanish tourism as it is the main international airport serving the Costa Del Sol. It is 8 km (5.0 mi) southwest of Malaga and 5 km (3.1 mi) north of Torremolinos.

The airport has flight connections to over 60 countries worldwide, and over 12.9 million passengers passed through it in 2013. The high demand for flights has forced the opening of the second runway at Malaga airport. Due to the rise in demand it will be open, and in use, every Sunday and Monday in August.(just this Monday there were 365 flights which means 365 landings and 365 take offs).
energy performance certificate
With the second runway open, Malaga airport can handle 72 flights every hour, it can handle 37 with one runway, which increases its offer and allows around 9,500 passengers to arrive every hour.

Málaga Airport is the busiest international airport of Andalucia, accounting for 85 percent of the region non-domestic traffic. It offers a wide variety of international destinations. The airport, connected to the Costa del Sol, has a daily link with twenty cities in Spain and over one hundred cities in Europe. Direct flights also operate to Africa, the Middle East and also to North America in the summer season. Airlines with a base at the airport are Helitt Líneas Aéreas, Norwegian, Ryanair and Vueling.

July 2014
Tourism on the rise in Malaga province
International tourism is on the rise in Malaga with an 8 per cent rise in the number of Europeans choosing the Costa del Sol as their favourite summer destination.
So far this year 2.3 million Europeans have passed through the arrival gates of Malaga airport.
There has been an even bigger increase in the number of international tourists from further afield with 267,580 of them arriving from places as varied as China, the Far East or the United States; this makes for a 10 per cent rise in this group.
Elias Bendodo, provincial delegate for tourism, has commented that the numbers so far augur well for the yearly targets of 10 million tourists, with five million of them coming between June and September.
Bendodo went on to comment that the number of national tourists has also risen by 2.4 per cent. The nationality showing the greatest rise is German followed closely by Russians and Italians. The greatest number of tourists arriving on the Costa del Sol are still coming from the UK and even this group has risen by 5 per cent.

June 2014
The Madrid Land Agent’s Association has suggested the government should provide tax incentives to energy efficient buildings.

These would include a reduction of the IBI, or property tax, and a discount on the personal income tax for the most energy efficient buildings.
energy performance certificate
It also proposed the creation of annual financing plans to allow residents’ associations to pay for the necessary work to make their building more efficient with a low interest rate.
The Madrid Land Agent’s Association considers having a single Energy Performance Certificate (EPC) for a building, although not compulsory, is better as it gives access to grants by the Energy Saving and Diversification Institute (IDEA).
The IDEA currently has a grants program budgeted with €125 million to promote energy efficiency and the use of renewable energies in houses. Having an individual home energy certified is compulsory in order to sell or rent it, or if it has been recently refurbished. An EPC doesn’t necessarily imply that a property is energy efficient, but it provides valuable information in order to improve this aspect.
Properties are rated from A (most efficient) to G (least efficient), and this rating could have an influence on the price of the property. The more energy efficient it is, the more valuable in the market it would be.

The International Monetary Fund is not ready to call an end to Spain’s economic woes, but the global economic group says recovery is in sight.
The country’s sagging economy has “turned the corner,” the IMF concluded in a report issued yesterday. The economic recovery started in Spain the second half of 2013 and continued into the first quarter of 2014, with the economy “growing at the fastest pace since 2008.”

HOME MORTGAGES RISE FOR THE FIRST TIME IN FOUR YEARS
The number of home mortgages recorded in Spain was 2 per cent higher in March than a year earlier, raising hope that lenders are finally ready to support the residential market.
The increase was the first recorded by the National Statistics Institute since 2010. The total amount lent on homes was up 7.7 per cent compared to a year earlier, reaching €1.7 billion.
Significant increases were reported in several categories, including the average value of the mortgages, which was €102,397, a 5.6 per cent increase from a year earlier. The value of mortgages on urban property rose to €3.4 billion, an 18.7 per cent increase from the same month in 2013.
The average interest rate on a home mortgage fell to 4.04 per cent, 5.3 per cent lower than in 2013, which is also good news for a market hoping to convince buyers Spain housing is a good investment.

May 2014
Is the bottom behind us?

With average house prices across Spain now close to the same level they were a decade ago, the jury is still out on whether the property market is still suffering or slowly recovering.

According to Spain’s Ministry of Public Works, house prices nationwide have fallen by 29% from their all-time high, making today’s average per-square-metre price for homes, currently around 1.500€/m2, about the same as back in 2004.
Other sources estimate the drop to be as much as 50% since the bubble burst in 2008, leading many to wonder how much lower they can go.
house prices down
Some experts are now cautiously expressing optimism 2014 may be the year that Spain’s real-estate market starts to turn around. While national demand remains stymied by the difficulty in obtaining finance, uncertain economic prospects, and the fact that average prices are still beyond many Spaniards’ reach, foreign buyers – both on an individual and institutional level – are making up a growing share of sales.


Malaga property market recovering:

growth
Home owners stuck in 'unsellable' properties for years have a glimmer of hope as real estate sales rose 11% in the first three months of this year in Malaga province.
The National Institute of Statistics said there were 5,587 property sales, 552 more than in the first three months of 2013. March was a particularly good month, with 1,839 properties sold in the province, a 105.7% rise from March last year.
However, the fact that property purchases were no longer tax deductable from March last year has to be taken into account because it meant there was a fall in purchases compared to the previous months of 2013.
Malaga was the Spanish province with the fourth highest number of property sales in 2013, reaching levels seen in 2010 and 2011.If sales continue at this rate, more than 20,000 properties could be sold this year in the province.
Throughout Spain, property sales rose 22.8% in March compared to the same month last year.

Costa del Sol: Some 5.6 million visitors are expected on the Costa del Sol this summer, according to the President of the Tourism Board, Elias Bendodo.
Eight per cent more tourists are expected between June and September this year compared to 2013, while overnight stays are expected to increase by 9%.

April 2014
Nerja
Spain's Nerja to star on British TV...Channel 4 is making a return visit to Nerja to film a new episode of A Place in the Sun.

The channel 4 team visited Nerja at the end of September of 2013 to film an episode for the same series which aims to find homes for British people who want to move to sunnier climes. As well as property the programme also shows the spectators different aspects of the locality including beaches, local monuments and other points of interest. On this occasion the team is visiting during Easter and, as such, the council has given them all the relevant information of how to get around during this week of so many processions.
The programme, already in its eighth season, has a huge audience in the sun.

Even more good news. It looks like Spanish banks are getting more interested in mortgage lending, which is a prerequisite for any housing market recovery

March 2014
Villasol Real Estate offer the lowest commission rates in Nerja, just 2.45% when you list your property with us before 31st March 2014! With demand rising for properties for sale in Nerja we have more and more clients looking for their new home in Nerja.

More and more articles tentatively suggesting that the Spanish economy and its housing market might be on the road to recovery appeared throughout 2013. Reports suggested that the market had started to bottom out, and therefore proclaimed that the time was right to invest in Spanish property before prices began to rise again. With the decline in prices beginning to slow, buyer confidence began to return to the market as the year progressed, manifesting itself in increased property sales in key areas around the country such as the Costa del Sol

Although perhaps a little early to tell there are strong signs that a recovery is well underway this year. Spain's economy is set to grow by 1% in 2014 and it is hoped that this will further aid the recovery of the property market. Indeed, agents are already reporting increased sales and with the new golden visa scheme acting as an incentive for property hunters from outside the EU to invest in Spain, there are encouraging signs that 2014 will be the year that the Spanish property market will begin to regain some of its pre-crisis lustre.

February 2014
La Caixa is the latest bank to forecast improving fortunes for the Spanish property market in 2014.
La Caixa, the third biggest bank in Spain, forecasts that unemployment will start falling in the second half of this year, helping to bring the adjustment in house prices to an end.
Economic recovery & mortgage lending:
Economic improvement will transmit to house price stability through better prospects for mortgage lending. A gradual economic recovery taking shape in the second half of 2014 will “little by little, facilitate a change of trend in lending, with a decreasing rate of contraction in the course of 2014.” The idea that mortgage lending will start to flow again is shared by other experts cited in the Spanish press. Gonzalo Bernardos, a professor at the University of Barcelona, and regular commentator on the Spanish property market, forecasts that banks will start to lend again in the second half of the year.

January 2014
Property price growth in some Spanish regions gives hope of boost in 2014
The outlook for the Spanish property market is looking more positive for 2014 with the latest official figures for the third quarter of 2013 showing that house prices in four Spanish regions are now on the rise.
The Balearics lead the way with 4.4% annual growth year on year. The other three regions seeing prices rises were Navarra with growth of 2.8%, Extremadura up 2.2% and Madrid up 0.3%.
But overall the House Price Index, published by the National Institute of Statistics, shows a quarterly fall of 0.4% and an annual fall of 4.5% year on year, although this is the smallest decline since the end of 2010. Rioja has seen the steepest price decline at 12%. .

According to Chavarria Waschke, managing director of Balearics Sotheby’s International Realty which has offices in Mallorca and Ibiza, the upward trend should continue for 2014 in the region.
‘The factors that kept these Mediterranean islands buoyant in recession, are the same as those fuelling price rises today, lack of supply and appeal across the nationalities. Ibiza and Mallorca were never overbuilt, planning controls have always been much tighter, and as a result we have never had an oversupply to sell off,’ he explained.
He also pointed out that foreign ownership is still strong and has doubled over the last five year with British, Dutch, German, Danish, and Swedish buyers keen to secure a home in the Balearics. The latest data shows that up until June this year, 1,412 foreigners had purchased homes, almost the same as the whole of 2008. According to Waschke they are propping up the Islands’ market.
The Council of Notaries reveals that Germans are out front in this trend, making three times the number of house purchases in 2012. There are still a lot of British buyers but interest from Russian and Nordic buyers is rising.For example only 27 properties were bought by Swedes in 2008, rising to 168 in 2012 and already 75 in the first six months of 2013. In 2008 there were 35 Russian purchases, by 2012 this figure was 86. Interest is also increasing from Chinese, Romanian, Argentinean, French and Italian buyers.

Figures from the General Council of Notaires show a small quarterly rise of 0.7%, the first quarterly rise in three years and this could be taken as a sign that the housing market is bottoming out. But how well the Spanish market is doing is a matter of debate.
For example, Mark Stucklin of Spanish Property Insight believes that a small quarterly increase does not herald the end of the Spanish house price crash as is being reported in the Spanish press.
‘After years of reporting nothing but bad news, I understand why the media might jump on the slightest bit of good news, if only to report something different for once, I do it myself. But the optimism is premature and there are various reasons why it’s still too early celebrate the end of the great Spanish house price crash,’ he said.
‘Firstly, this was just a quarterly increase, and you have to be careful comparing quarters. A more important comparison is the year on year figure, which was down 7.9%, so house prices are still falling substantially, albeit at a slower rate than before,’ he explained.
‘Secondly, transaction levels are now so low the average price can easily be pushed up or down by a relatively small number of sales. As the notaries recently pointed out, fewer transactions means the index has become more volatile, making it difficult to draw conclusions.
‘Thirdly, the price increase was driven by sales of newly built homes which saw prices up 2.3%, most of which were repossessed by banks and sold with a price premium thanks to preferential financing that private vendors can’t match. In such a thin market this distortion can have an impact on the index,’ he added.
Whilst some experts predict more price falls for Spain in 2014, or at best stabilisation, Waschke predicts more price rises for the Balearics. ‘Each month we are listing more and more expensive homes. In Mallorca the seven, eight, nine, ten million euro plus category is growing and properties in the best locations with the finest qualities and move in décor are being snapped up, even at those prices,’ he said.

‘Meanwhile in Ibiza, a luxury developer on the west coast has instigated two price hikes at his million euro plus villa project this year as phase one sold out in a matter of months. I think the Balearics really are the exception to the Spanish rule,’ he added.
Marc Pritchard, sales and marketing manager of Taylor Wimpey España also suggests that the Spanish market will move in a positive direction in 2014. ‘Sale prices in Spain for quality properties in prime locations could be nearing the end of their fall according to several reports released in recent weeks. Indeed, the Ministry of Development reported that during the third quarter of 2013, homes recorded their lowest drop since 2010, even becoming more expensive in several regions,’ he said. He pointed out that properties in less popular inland locations which have reduced infrastructure or no views will drop further in price, but he added that overall the perception that the housing market is nearing the end of its adjustment is gaining in popularity. For example, according to the Consumer Confidence Indicator for November, prepared by the Centre for Sociological Research, 46.4% of those surveyed think that Spanish housing prices will stabilise over the next year, signalling a boost of confidence in the market.
His firm experienced a huge increase of sales across the Costa del Sol, Mallorca and the Costa Blanca over the last 12 months. ‘We are expecting sales levels in 2014 to be in line with 2013 however seeing as we will have additional sales outlets and several new developments in the pipeline across all three regions of Spain in which we operate, coupled with the fact that prices in prime locations across each area have now bottomed out and will not fall any further, we are hoping sales volumes to increase making for an exciting new year,’ he explained.
He also expects that 2014 is likely to see a surge of interest from foreign buyers outside the EU from countries such as China, Russia and the Middle East investing their money in Spanish property due to the golden visa scheme for property investors outside the European Union investing a minimum of €500,000 in real estate.

December 2013:Spain ends two-year recession with 0.1% growth & Spain's jobless total holds steady
IMF: Spain making strong progress
Spain has seen its first quarterly economic growth since 2011, according to data from the country's National Statistics agency INE.
The country's GDP grew 0.1% in the July-to-September period, after contracting for the previous nine quarters.
Its growth confirmed last week's estimates from the Bank of Spain.

Spain was one of the countries worst hit by the global economic crisis, with street riots and soaring unemployment.
The statistics mean Spain is officially out of recession.
The INE said an increasing number of exports supported the growth, with a boost to the tourist industry from holidaymakers avoiding northern Africa and the Middle East.
Ben May, economist at Capital Economics, said the growth was encouraging and cited business surveys that suggested there "may be more to come in the near term".
Mr May said: "However, domestic demand is still contracting and against that backdrop, it's hard to see a strong and sustained recovery."
Spain's economy has been ailing since its property bubble burst in 2008. Its banks needed government bailouts from other European countries to survive, after they were left with hundreds of billions worth of euros in bad debts.
Since then, the country has endured Europe's highest level of unemployment, at 26%. There have been huge street protests in response to government austerity cuts and thousands of businesses have gone bust.
Spain's government recently predicted the end of its recession was near, saying its reforms and cuts were paying off.


Spain to make clean exit from bank bailout.
Finance ministers from Eurozone countries have given their vote of confidence to Spain after it elected to make a clean break from a bank bailout programme. The president of the EU's Eurogroup welcomed Spain's decision to exit the aid programme in January 2014. Speaking after a meeting of the group of finance minister Mr Dijsselbloem said that Spain has shown strong commitment towards the implementation of their programmes. The group fully supported Spains decision. Spanish banks are now stronger, more resilient and regulations have been tightened and Spain is back on the road to recovery

The political party Izquierda Unida in Rincon de la Victoria has proposed that people who use renewable energy in their homes should get a 50% discount on their IBI property tax. What a great idea!

An update on Spain offering people from non EU countries residency: "Two-year residence permits for buying a home worth over 500,000 euros Foreigners who buy a home in Spain worth over 500,000 euros will be granted a two-year residence permit. The aim of this measure is to prevent them from having to leave the country every 90 days to renew their visa. However, the Ministry for the Economy has explained that this measure will not entitle them to national health care or welfare benefits, and they will not be granted a work permit. Furthermore, the money used to buy the property must come from outside Spain, as they may not apply for a mortgage loan from a Spanish bank"

A Place in the Sun visits Nerja - 20th Sep 2013 The British TV station Channel 4 will be filming an episode of their popular program 'A Place in the Sun' in Nerja for five days from the 30th of September. The program helps British citizens find foreign homes whilst showcasing what the region has to offer and has visited numerous countries throughout the world including Spain, France, Canada and Australia as well as islands in the Caribbean.

Nerja politicians continue to push on harbour project - 18th Sep 2013The Partido Popular political party has presented a motion to the Provincial Council of Malaga calling on the Junta de Andalucia and its various agencies to continue without delay the development on the leisure harbour project which has long been under consideration between Nerja and Torrox. The project has become somewhat of a political football between leading parties in the region with the PP fearing yet more unnecessary delays on a project that has already undergone considerable work, leaving the mayor of Nerja, José Alberto Armijo, labelling the attitude of opposition political figures as 'irresponsible'.

Maro beach pushed into second place - 3rd Sep 2013 After three months of public voting Maro beach has just been beaten to the punch by less than three thousand votes to be named the best beach in Spain. The annual competition held by the Spanish TV station Antena 3 saw last years winner, La Alicantina de La Granadella in Catalonia, proclaimed the winner once again.


More than 240K passengers expected for this weekend at Malaga airport

The tourism in Malaga has noticeably improved during 2013, getting back to the figures prior to economic crisis, largely due to the extensive offer of flights connecting Costa del Sol airport with almost any city in the world.
The Irish low-cost airline Ryanair has started today to operate a route between Malaga and the German city of Munster,
The seven new routes to Germany connect the capital of the Costa del Sol with the cities of Dortmund, Cologne, Nuremberg, Hannover, Munich, Hamburg and Munster, for which airlines have offered 41 percent more seats and 42 percent more flights, compared with the same period of 2012.


The airline Vueling has announced that from next October 29 the route Malaga-Moscow, in order to meet the growing demand of the Russian market for sun destinations in the Spanish Mediterranean coast.
is finalizing a project to charter daily flights between Malaga and the cities of Moscow and St. Petersburg, which would place the Costa del Sol in a privileged position regarding air connections with the emerging Russian market.
BRITONS are taking advantage of a strong pound, and great property prices, to buy a second home on the Costa del Sol. The pound is 25% more valuable against the euro, compared to three years ago.


AIR EUROPA Is finalizing a project to charter daily flights between Malaga and the cities of Moscow and St. Petersburg, which would place the Costa del Sol in a privileged position regarding air connections with the emerging Russian market. The Russian market is increasingly important to all tourist destinations, and Malaga, the Costa del Sol and Andalusia have the disadvantage of weak air connections between Russia and Malaga airport because so far there is only one daily connection through a tour operator with Aeroflot.

Expats could benefit from new laws, aimed at making properties more attractive, to buy and rent in Spain. Landlords could also benefit from tax relief on their rental income, ranging from 60% to 100%, on the condition that the property is rented out, to working people under 30 years of age.

Certification for Energy in Exisiting Building


The Royal Decree on 'Certification for Energy in Exisiting Building', passed in Parliament on Firday 5th of April, has clarified and approved the Energy Efficiency certificate - Certificado de Eficiencia Energética (CEE). The new law states that all properties for sale or rent must obtain the CEE from 1st June 2013. In short, the energy efficiency certificate is a document signed by a qualified assessor that contains information about the energy efficiency of a building according to the calculation method defined by the Ministry of Industry, Energy Development and Tourism.
A CEE must be obtained before a property is marketed and the information must be included in all advertising. The certificate must also be produced at the signing of the contract of sale. Rentals, including holiday lets, must make a certificate available to tenants. A CEE analyses the energy consumption of a home and suggests possible improvements to make the building more energy efficient. The information contained in the certificate is summarized by a colour coded bar chart using a scale ranging from A to G, similar to labels found on white goods.
The most energy efficient homes are in band A and the least energy efficient in band G. Those properties in band A should have the lowest energy bills. The same scale is used to define the impact a home has on the environment. Better-rated homes should have less impact through carbon dioxide (CO²) emissions. Calculated over time, the average property in Spain is expected to be band D or E for both ratings.
The CEE is an initiative of the Kyoto Protocol to the United Nations Framework Convention on Climate Change, an international treaty that sets binding obligations on industrialised countries to reduce emissions of greenhouse gases. Within the treaty Spain is committed to reduce CO² emissions by 20% by the end of 2020. According to the latest data published by the United Nations, Spain is number 20 in a list of countries by CO² emissions, producing just over 1% of emissions worldwide. China is number 1 followed by the United States.

ACT NOW TO AVOID A FINE, ASK VILLASOL TO GET YOUR PROPERTY ASSESED, BY A QUALIFIED TECHNICIAN, PRICES VARY ON THE SIZE AND LOCATION OF THE PROPERTY, ASK VILLSOL FOR PRICES, THE EEC WILL LAST FOR 10YEARS WE WILL ALO ENSURE, THE CERTIFICATE IS REGISTERED WITH THE JUNTA.

Multi Lingual staff


Our staff speak fluent German, English and Spanish and we look forward to helping customers new and old.

Huge new development on El Playazo beach Nerja


This is a direct quote from Nerja town hall website: “José Alberto Armijo has announced the start of the administrative and urban develop Playazo “and make that big tourist resort Nerja need transforming it into a major residential and hotel, a residential and recreational maritime area.” José Alberto Armijo rated this announcement, already put forward in the last full, as “the biggest news in my years as mayor responsibility in this City.” In the last Local Government approved initiate proceedings for the development of this area as well as the award of the work of drafting the General Plan Innovation Project of Nerja-Area Tourism Promotion Playazo just days after Mayor also announced the decision of the Government of Spain to initiate proceedings for the drafting of the promenade. José Alberto Armijo explained that the Tourism Promotion Area where you will perform the project is divided into two parts separated by the old national road 340, “road will become a grand boulevard and become an axis joining Nerja with the westernmost and future marina, “stated the mayor. South of Highway 340 will be created in a maritime zone sports environment. In the first 100 meters boardwalk will be built with an area of ​​30,000 square meters and the beach will have about 70,000 square meters of sand. The second 100 meters medioambental understand the maritime sports, with an area of ​​about 60,000 feet, and it shall be for leisure, sport, recreation and equipment. From the 200 meters and up to Highway 340 will go to hotel use. The mayor has indicated that according to the Management Plan, approved by the Government of Andalusia, was able to build one or more hotels with approximately 1,100 rooms. The northern area, between the N340 and the Way of In the middle, will go to residential area and based on the buildable provided by the Government of Andalusia, you can build some 2,200 homes. The mayor has said that it is a sector that could qualify as developable “the greatest in the history of Nerja” as it will have 1.116 million meters square which is seven times larger than the area that is currently being developing the SUP-4 in the area of ​​Fuente del Baden, which until now was the largest in the municipality. The mayor also announced that the City will have in the north a piece of equipment of approximately 55,000 square meters of the surface.”

People from Non EU countries to be offered Spanish residency

While EU residents have the right to apply for Spanish residency, people from outside the EU cannot. In a move to attract foreign investment the Spanish government is to offer residency to people from non EU countries who purchase a house for more than 500,000 euros. The plan, aimed principally at the Chinese and Russian markets, was announced by the secretary of state for trade.
The scheme would also allow foreign buyers to move around the 25-nation Schengen zone freely, as the agreement allows holders of a residency permit of one country in the area to travel to any other member countries.
Although the details are yet to be agreed, the measure is expected to imitate agreements established in Portugal last year where residency papers are issued in return for property investments of 400,000 euros and Ireland 500,000 euros.
In a move to help our Russian customers we now have a website designed for mobile phones and tablet devices that is in Russian (as well as English German, Dutch, Norwegian, English and Fench) to help them find their perfect property in the Nerja area whether an apartment for sale in Nerja or a luxury villa for sale in Nerja.
You can find our mobile site here www.villasolrealestate.mobi

Людям, не являющимся гражданами стран ЕС, предлагается местожительство в Испании В то время как лица, постоянно проживающие в ЕС, имеют право на подачу прошения о местожительстве (виде на жительство) в Испании, проживающие за пределами ЕС этого делать не могут. Стремясь привлечь иностранные инвестиции, правительство Испании будет предлагать предоставление вида на жительство не гражданам ЕС, покупающимнедвижимость стоимостью более 500 000 евро. Этот план нацелен, главным образом, на рынки Китая и России, сообщил министр торговли. Эта схема также позволила бы иностранным покупателям свободно перемещаться по 25 странам Шенгенской зоны, так как соглашение позволяет обладателям вида на жительство в одной из стран региона ездить в любую другую страну-член. Хотя детали еще предстоит согласовать, предполагается, что эта мера будет имитировать соглашения, заключенные  в прошлом году в Португалии, где документы с видом на жительство выдаются в обмен на инвестиции в недвижимость, начиная от 400 000 евро, а в Ирландии - от 500 000 евро. В помощь нашим клиентам из России у нас теперь появился сайт, предназначенный для мобильных телефонов и планшетных устройств, переведённый на русский язык (а также на английский, немецкий, голландский, норвежский и французский языки), чтобы они могли найти для себя идеальную собственности в области Нерха (Nerja), а также квартиру или роскошные виллы, продающиеся в Нерхе
нажмите здесь www.villasolrealestate.mobi