Costa del Sol Property News

Top 20 buying destinations: Spain still Nº1

The recent scare stories surrounding the imminent crash of the Spanish property market have been hard to miss. As with any market leader, the tendency in the press is to fear the worst whenever there is a wobble, blowing the whole issue out of proportion. So should you be concerned that the Spanish property market is on the verge of collapse?

We have the pleasure to inform all our Web page visitors that the advance of the General Plan Urban Ordination of Mijas (in our case the sport port) has been approved in August of 2005. This news not only is important for all the work carried out during these years but also for the definitive project, which is the Marina Mijas port’s construction.

Despite the emergence of new property markets in recent years, Spain still remains the UK's and Ireland's number 1 destination. There are around 1.2 million foreign property owners in Spain, which makes it Europe’s most popular country for second homes.

The question as to whether the illegal buildings in Marbella will have to be demolished has become a great cause for debate among experts. Last week the Junta de Andalucía announced it would call for the Andalusian High Court (TSJA) to order the demolition of seven illegal developments, affecting some 334 homes, although they could find a number of obstacles blocking their way. One of these is the so-called “principio de fe pública registral”, which, according to the experts consulted, would support the case of the owners of these properties. This “public good faith” principle establishes that whoever acquires a property trusting in the information provided by the property register must maintain their acquisition.

Reporter Kathy Sheridan of the Irish times was recently in Marbella to report on the current Urbanistic situation. Premier Property International met with Kathy, together with representatives of Vital Abogados a prominent Marbella Law Firm to discuss the unfolding problems & possible legal consequences on the Costa del Sol.

After a wait of over 15 years the start of the project to build a tunnel on the A-7 (old N-340) as it passes through the notorious San Pedro de Alcántara bottleneck is about to begin. The plans were presented this week in Marbella by the Minister of Public Works, Magdalena Álvarez, before a large audience of local people.

Both the Manilva Town Hall and the multinational Disney company hope that the educational theme park, which will take up 20,000 square metres of land, will be funded with private investment.The principle of the idea has support from the Junta de Andalucía’s education department, whose department head, Francisco Miguel Alvarez, said that, while nothing is concrete yet, ‘the four fundamental elements are a reality.’: the land area, the finance, the town planning requirements of the plot, and the Disney name. Lots of property owners in the Manilva area are now getting very excited over this whole project. Whatever Disney are planning to do in the area it will certainly have a major impact on tourism in Manilva.