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INJECTION: While the Venezuelan economy flounders, Spain is providing a haven for old money
Reaping rich rewards PAIN’S property boom is being fuelled by the ruin of Venezuela’s. It is estimated that in the Salamanca district alone, more than 7,000 luxury apartments are now owned by Venezuelans. Their country is facing financial ruin, with inflation expected to hit one million per cent by the end of the year. And while some nationals face a fight to survive on a daily basis, others have found a safe haven for theirs in Madrid’s real estate market. According to real estate investment adviser, Luis Valls-Taberner, almost every street in Salamanca, an upmarket district of the Spanish capital, is home to a
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wealthy Venezuelan. While he would not identify the buyers, he told told an international business newspaper that some of the properties were purchased through investment companies based in Miami or elsewhere - but the money always came from Venezuela. Madrid’s housing prices surged about 17 per cent last year, the strongest rise among Spanish cities, raising the cost of living downtown to levels last seen in 2007, before the country’s construction bubble burst. The Salamanca district, with its fashion shops and restaurants, has been at the heart of the boom, partly thanks to rich Venezuelans.
BOOST: Spain’s real estate market experiencing welcome boost.
In Salamanca alone, by the estimates of some Madrid real-estate companies, over 7,000 luxury apartments are now owned by these expatriates. And the bulk is from families who became rich decades ago, in an economy whose main asset, oil, was nationalised in the 1970’s. According to Rolando Seijas, the Venezuelan founder of SNB Capital, a Madrid-based investment firm whose activities range from insurance services to an electronics component factory in southern Spain, the ‘big fortunes in Venezuela have always been connected among themselves and dependent on having a good relationship with the state.’
He added that ‘some Venezuelans have become successful entrepreneurs in Spain, starting delivery services, opening restaurants and shops or taking over franchises, like that of the US fast-food chain Subway.’ Venezuelans have not only been buying Spanish real estate, but also building it. In 2017, the Cohen family, owners of one of Venezuela’s largest commercial real estate companies, opened the Sambil Outlet on the outskirts of Madrid, which bills itself as Spain’s largest shopping centre. This year, the Cohen group also bought a building in Salamanca which will be turned into a dozen luxury apartments.
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A humble adobe A
NEW trend is sweeping Spanish construction which involves building modern homes using techniques dating back centuries. The Adobe method has been used throughout history to construct buildings in Europe, the Middle East, Africa, Latin America and elsewhere. The method involves making bricks from clay, sand and other natural materials such as straw which are dried in the sun before being built around a wooden frame. The technique is visible in buildings such as the Great Mosque of Djenne in Mali as well as in the Poeh Museum tower in New Mexico in the United States. Adobe methods are now being used in Spain to build eco and green homes and other buildings. Bricks can be made using traditional methods and there are now options to buy them already completed. Examples of Adobe homes exist in Spain in the form of both historic constructions and new builds. Spain’s hot and dry climate lends itself well to using the technique. The advantages of using the tech-
ADOBE BY ME: The homes are becoming popular in Spain. nique include its simplicity and its limited environmental impact. It is also economical, with Adobe buildings cheap to make and good insulators meaning savings can be made on energy bills.
Disadvantages include the method being time consuming, with bricks taking around three days to dry. It is also hard to build tall structures with the method and exterior walls require regular maintenance.
Crowdfunding boosts market A TOTAL of €5.5 million has been invested in 11 property projects in Italy as a result of a crowd-sourcing platform. Financing firm Housers said they predicted the figure could be as high as €10 million by the end of the year and that it could reach €30 million in 2019. Giovanni Buono, the head of the company’s Italian operation, said they were planning on expanding into Rome, Torino and Venice having already broken into markets in Milan, Florence and Potenza. “In a year we have managed to get 9,000 investors from Italy to join our platform and invest in projects in the country, as well as Spain and Portugal,” he said. The firm are reportedly aiming to grow their user base to around 25,000 during next year. The platform works by members loaning developers amounts from €50 upwards to buy, build and develop properties.
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TRONG investor interest in the real estate market triggered a 27 per cent growth in luxury residential property sales and purchases in the first half of 2018. This has been despite the uncertainty generated by the turbulent political situation in Cataluña causing a notable drop in the number of transactions of high standard homes in that area. Some estimates suggest that the number of transactions in Cataluña during the first six months of the year fell by 13 per cent. But the rest of the country has surged ahead when it comes to luxury property, simply shrugging off the falls seen in Cataluña to see a 27 per cent rise in prime residential real estate transactions, according to a report by Lucas Fox. This resulted in a sharp increase in the average sales price, which soared by 19 per cent in the first half of the year. According to the National Statistics Institute (INE), 217,539 housing transactions were carried out between Jan-
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Luxury homes sales soar SOLD: The country has surged ahead when it comes to luxury.
uary and May this year, representing an increase of 13 per cent over the same period last year. The sale of new homes represented 18 per cent of the total of transactions, with a total
of 38,328 new residential properties transferred. “Lower unemployment and access to credit, which is beginning to become a little easier, make it a very favourable
time for us,” says Férran Font from property portal pisos.com. The areas with the highest sales of luxury homes were the main Spanish cities and holi-
day destinations, which recorded a historic record in the number of transactions of prime residential properties. In Madrid, the number of transactions brokered by Lucas Fox increased by 20 per cent during the first half of 2018. In addition, the total value of these operations increased by 10 per cent over the first six months of 2017. Moving across to Valencia City, according to the Ministry of Development, the total value of sales transactions grew in the first quarter by 17 per cent compared to the same period last year. In the Barcelona region of El Maresme there were 80 per cent more luxury sales during the first six months of the year, despite the political uncertainty that hit the rest of Cataluña’s high end real estate market, according to Lucas Fox. However, there was a 27 per cent reduction in the total value of transactions, due to a reduction in the average price of the properties traded.
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ALL CREDITS: DUDLEY ESTATES
WELL APPOINTED: There is an onsite bar and chapel.
COUNTRY PILE: The estate covers 58 hectares.
GIDDY UP: The house comes complete with stables.
Hacienda splendour COUNTRY estate has gone up for sale in Sevilla Province complete with stables, guest houses and a poolside bar. The traditional hacienda-style
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mansion, located around seven kilometres from the provincial capital, also features 10 ensuite bedrooms, a cinema room, swimming pool and a barbecue area. There are a total of 16 stable spaces on site,
as well as a private chapel and wine cellar. A two-bedroom 300-metre square guest house and a three-bedroom staff cottage is also included on the 58hectare estate. The main house
covers a total of 2,100 square metres. The firm selling the property, said it had been refurbished to “extremely high” standards and that no further work was required on the building.
New minister gets to work SPAIN’S new Minister of Housing and Development has taken up his post, with policies addressing renting, leasing and planning said to be high on his to-do list. Jose Luis Abalos referred previously to measures the new Partido Socialista (PSOE) government would implement if they took power. They include reforming urban lease laws to restore minimum periods of five years, as well as tax reliefs for tenants in rentals and for landlords offering affordable rates. Plans to increase the amount of rental housing available to the most disadvantaged groups have also been floated.
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HE residential property market on Ibiza continues to boom. Entry prices for villas, fincas and apartments in very good locations increased once again in 2017. Local authorities have responded to the sustained level of demand by developing infrastructure on the island further and realising new development projects. “The number of properties coming onto the market is growing in the luxury segment too. Exclusive homes are currently taking shape in select locations around the island that offer superior services to residents,” said Florian Fischer, Managing Partner of Engel & Völkers on Ibiza. Interest in the Balearic island is growing year on year, and this is reflected, for example, in the sustained growth of private air traffic and in the number of wealthy visitors drawn to the island’s marinas. High demand is met with a limited supply of available homes in many parts of Ibiza. In 2017, prices rose particularly strongly in the best locations across the island. Ibiza Town
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Boom! We’re going to Ibiza PHOTO CREDIT: ENGEL & VOLKERS (VIA PRESS RELEASE)
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CONTEMPORARY: Stunning villas dominate the south of Ibiza.
and the surrounding region are enjoying increased popularity among buyers seeking an upmarket nightlife and fine dining. The properties on offer here range from historic townhouses to modern apartments overlooking the marina, to premium villas just outside the town. Moreover, the newly redeveloped centre and the opening of new luxury hotels have enhanced the exclusivity of the island’s capital. This is reflected in a further rise in property prices. For villas in very good locations with living interiors of approx 350sqm, entry prices in 2017 rose to €4.3 million. The lower price limit for freehold apartments in prime locations increased over the previous year by €100,000 to €1 million. The most exclusive residential areas on Ibiza also include the south and southwest. This region attracts a cosmopolitan buyer group in particular, drawn by its legendary beach clubs where famous DJs often perform. The homes on offer in the south and southwest of the island are extremely varied, ranging from minimalist villas to fincas in more inland rural areas, to contemporary apartments by the sea.
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FRAUD WARNING: Check before you sign.
Avoid getting scammed when renting in Spain
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E N T A L S sourced online are becoming the most popular way to find holiday or long term accommodation. There are many criminals who seek to scam vulnerable people, in most cases renting out an apartment they don’t own. The Spanish Organizacio de Consumadores y Usuarios (Consumer Rights Watchdog, Consumers and Users Organisation) has listed some tips to help define legitimate accommodation. More and more scams are being recorded related to holiday accommodation rental scams in Spain. Common ways relating to fraud include requesting a payment in advance, phishing for personal information or introducing malware through a link to access a user’s computer and steal information. The Spanish OCU advises to read the tips before agreeing to rent a property on the internet. • Comparing prices and conditions on different websites. Usually lower prices have worse conditions or are not legit. • Always read the conditions and recommendations of the holiday accommodation
rental sites. • Always communicate through the website where the accommodation is advertised and never transfer money from outside the page or application. If communication is made directly with the owner, there are no guarantees the money will be recovered and the platform will not be held responsible if any problems occur. • Be wary of rentals below the market value and advertisements that offer incredible homes at a very low price - if it sounds too good to be true it probably is! • Check the authenticity of the listing through other sources: reviews and comments from other users, checking the location on Google Maps or similar applications, calls and questions to the owner for specific services in the area like restaurants and things to do. If the information they give is too vague, be suspicious. • If a deposit is required to secure the property, only make the payment by a secure means proposed by the platform and that leaves a trace of the payment, such as paying by card, Paypal or a bank transfer. Always check that the account holder is the same as the owner
of the property being rented. • If you decide to rent directly from an individual before signing the contract or making a reservation, contact the advertiser beforehand to confirm their identity and clear up any doubts that may arise. If in any doubts local Gestoria can confirm if a certain property is owned by the person who is renting it out. • Try to avoid paying the full amount up front, and instead deposit the smallest amount possible and pay the rest on arrival when it has been verified that everything is as indicated in the advertisement and there’s nothing dodgy about the rental. • Keep a copy of the reservation and/or deposit. If a deposit is requested, clearly specify the payment reference of the bank transfer, the conditions of its application and that as it is a deposit it is to be returned. Ideally, you should have an inventory list of items that belong in the property and their condition before signing the contract. • If you believe you have been a victim of fraudulent rentals in Spain, inform the website so the advertisement can be removed and contact Local Police and Guardia Civil.
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THREE months after its inauguration in Lisbon, Carris Group seeks to build on a new plot offering comfortable accommodation, communal areas, and planned events. With plans to launch in other major cities throughout Spain and Europe, Carris strives to innovate by constructing unique buildings located in popular areas. The company primarily targets millennials looking to meet people to share their experiences with. The Lisbon project has already activated its reservation system and is preparing to receive guests in November. With 330 places to fill, the building will be located on Avenida Liberdade. It has nine suites, nine double rooms with private bathrooms and another 40 shared rooms. It has a terrace on the roof with a bar and a communal rest area that aims to be the meeting point for many youngsters. The chain is also finalising the Bluesock Hostel in Madrid, and others located on the Gran Vía near Plaza Cibeles and close to Chueca, Malasaña and Puerta del Sol. The establishment has 1,500 square metres housing 212 rooms with a total of 33 bedrooms.
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Carris Group branches out
NEW DEVELOPMENTS: Hostels being built across Europe.
PROPERTY GUIDE Cheapest destinations for property purchase IF thinking about buying a house in Spain, there are many factors to be taken into account for choosing the right property. Overall price of the property may not seem expensive, but is it a reasonable price for the size of it? Price per square metre should be compared when looking at properties. A comparison site Idealista outlines the cheapest apartments which are up for sale. Budget properties are best to find away from big cities. The main cities like Madrid and Barcelona have historical architecture therefore have a high market value. Properties as well as the cost of living are considerably higher than in other areas. Coastal areas of Spain are very popular with Spaniards as well as expatriates. Due to overpopulation of places like Mallorca and Costa del Sol, prices have been increasing for over 40 years. Compared to other countries it is affordable considering it is the Mediterranean coast. Inland properties are very cheap and reasonably easy to find, like Castilla-La Mancha or La Rioja. It is important to take into account the cost of living in different areas and depending on occupation calculate if it can influence monthly and annual income and expenses.
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Retiring abroad: 5 reasons why Spain is an attractive destination WITH a warm climate, beautiful beaches and diverse landscapes from majestic mountain ranges to quaint coastal havens, it’s no wonder why Spain is such an attractive destination for those looking to experience their own share of ‘la buena vida.’ It’s clear that expats regard Spain as an ideal destination, including those looking to retire. This article explores the ‘need to knows’ for retirees, such as the cost of living, health and lifestyle. 1. Climate As any expat moving to Spain discovers, there’s a difference between weather and climate. Spain has climate. Parts of the Costa del Sol enjoy warm summers and mild winters, notching up a cheerful 320 days of sunshine. The picture is a little different inland and in the sierras where winters are bright but colder, and it’s rainfall that keeps those hills of northern Spain so green. But it’s easy to see why an overwhelming majority of expats see the Spanish climate as a contributor to an improved quality of life.
2. Health A kind climate generally creates a sense of well-being, both mentally and physically. Life in Spain is lived outdoors, pretty much all year round in some regions, and at an appreciably slower pace. Access to outdoor leisure pursuits, from hiking to riding, from golf to beachcombing, make it easier to get fit without even trying. The health-boosting Mediterranean diet and a highly regarded public healthcare system completes a virtuous circle. 3. Cost of living After the long downturn following the 2008 crash, still referred to in Spain as ‘the crisis,’ things are looking up. Still, property prices and rent remain comparatively low: the average price of accommodation per square metre in 2017 was €4,382 and although rental prices are on an upward trend, particularly in high-demand areas, expats can still expect lower rates than in northern Europe. 4. Lifestyle Slow down, head out and join in.
Spain’s outdoor, face-to-face lifestyle makes it easy for expats to slot right in and start living the life. People who have moved here from overseas tend to find a warmer welcome from locals than in many other expat destinations, though having even a basic grasp of Spanish will make a big difference, especially since English isn’t widely spoken outside the cities and resorts. Retirees seeking to build a new social life are well placed to find one, whether settling in a coastal expat community or heading for the hills, with plenty of opportunities for socialising; an afternoon nursing a drink and tapas on the shady terrace of a bar or joining in the local fiestas pretty much anywhere. Family life is at the heart of Spanish lifestyles and it’s not unusual to see four (even five) generations of the same family filling a lunch table set for 12. Children are welcome in restaurants and cafés and as this isn’t an early-to-bed culture, you’ll soon get used to seeing them running around well into the evening.
5. Exploring Spain There are many faces of Spain: thriving, cosmopolitan cities, coastal demiparadises where the sun never seems to stop shining, mountain towns and villages, the little white pueblos of the south where the only sounds are birdsong and the timeless sound of goat bells. Expats find their way into all of these and more, exploring the country from wherever they’ve made their new home. And it’s easily done - Spain’s transport infrastructure is well served by generally toll-free roads, and by a highly affordable bus and rail network. Given the comparatively low costs involved, a short break away won’t break the bank, and is especially rewarding when you head off the beaten track. Spain’s UNESCO world heritage sites aren’t confined to the big cities. Retirees may cite numerous reasons for moving to Spain - but one thing’s for sure, the laid-back lifestyle, low cost of living and beautiful scenery will always be high on the list.
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Property on the Water WHY pay millions of euros to buy a beachfront property when you can build a house on water? Well the first sustainable houseboat has been built in the marina of Torrevieja in Spain. The contemporary design home, manufactured from carbon fibre, polyester, concrete, galvanized steel, and wood is categorised as an unmanned and non-motorised floating fixture, but serves more as a house than a boat. Sporting modern wooden floors, American style kitchen and floor to ceiling doors, they add a bit of luxury thanks to the clever design and the stability of the houseboat meaning there is no feeling you are floating on the sea. The cost of building a houseboat is considerably cheaper than buying a property near the coast. A two bedroom-two bathroom model will set you back about €100-150,000. The model built in Torrevieja which is slightly more expensive, has two bedroom suites, two other bedrooms, two bathrooms, a kitchen, a living room, a terrace and another impressive sun ter-
HOUSEBOAT: An unmanned and non-motorised floating fixture. race of 62m2 or 666 sq ft. With regard to the installations and elements that make it efficient, “the houseboat has sanitary hot water panels, solar panels, high quality thermal and acoustic insulation and can obtain aerothermal energy” says the architectural firm ADOSN who designed it. Another advantage of this type of housing is the construction time which takes between three to five months to build, depend-
ing on which size is ordered. With the help of a trailer or tugboat you can relocate it as many times as you want. “There are other similar products, but not with the same creature comforts and characteristics. The rest of the markets have specialised in motorised houseboats or having the maximum surface area. We want them to be comfortable and, above all, efficient, sustainable and affordable,” stresses Manuel.
Property mortgage increases STATISTICS published earlier in July showed the number of residential properties bought and sold in Spain during May was 4.7 per cent higher than same time last year. It also showed that purchases financed by mortgage rose by 7.3 per cent. According to the government’s central statistics unit, there were 31,166 new mortgages registered during the month. With most important increases in the 17 regions of Spain being those in the Canary Islands (70.9 per cent) and Castilla-La Mancha (21.7 per cent), Murcia and Aragon experienced decreases. The latest data show the average loan capital involved in new mortgages during May was 2.8 per cent higher than in 2017 at €117,044. Average interest rates of only 2.38 per cent on variable loans and 3.04 per cent on fixed rate repayment terms, 40.6 per cent of buyers went for fixed rate terms. According to the longer term picture, in the first five months of the year there were almost 144,000 new mortgages registered on housing purchases.
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Your overseas home is your castle Credit: Zoopla.
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EALTHY Britons eyeing up a palatial overseas home are windowshopping castles on the continent, according to a survey of the most-viewed foreign properties online. The list, compiled by property website Zoopla, indicates that four out of the 10 most viewed properties for sale are fit for royalty. For A-listers who prefer not to travel too far each year for the international film festival, there is a ninebedroom chateau in Cannes. The property is also the most expensive on the list, with an eye-watering asking price of €56 million. Extravagantly refurbished to an exceptionally high standard, the 19th century castle boasts marble stone
SPANISH SNIP: This spacious property in Alicante is for sale for only €290,000. floors throughout, nine luxury bathrooms, a home cinema, wine cellar and a separate staff apartment. Extensive sea views can
be enjoyed from the property, including a perfect vista from one of the bathrooms, and it is surrounded by 8,500 square metres of pic-
Globetrotting house swappers
turesque gardens. For those who put a premium on space, a 19-bedroom chateau in Dordogne, France, is in fourth place on the most viewed list. The 16th century castle has entertained French royalty throughout the centuries and features huge vaulted ceilings, landscaped parks and even has its own chapel. Also on the list is an Italian castello, on the market for €15.7 million, which would also double very well as a wedding venue. The most viewed overseas property on the list is an offplan Spanish home in a golf resort in the south of the Costa Blanca. Included in the very affordable price of €290,000 is a swimming pool and courtyard.
A BARCELONA couple are set to travel the world thanks to a growing travel trend which sees tourists stay in the homes of strangers and make theirs available in exchange. The pair are set to begin their journey in New Delhi in India. They are due to travel across a total of five continents staying in the homes of users of GuesttoGuest, who are sponsoring the couple’s journey after they won a competition. GuesttoGuest describes itself as a social network for travellers. Users register their homes and gain points by letting people stay in theirs, which in turn lets them use the houses of others across the world. Spain has the second most users of that platform and similar ones of any country, behind France.
THE appetite amongst buyers has strengthened over the last 12 months, particularly at the opulent end of the market above €4 million. Marbella’s favoured prime areas such as the beachfront, Golden Mile and La Zagaleta retain their pre-eminence, but new emerging prime markets are evident in other areas. New investment in the form of The Nobu Hotel and the widely anticipated W Hotel along with a number of other upmarket branded resorts demonstrate the latest trend among high-end tourists for the area, many recognising that the coast is also a viable winter retreat. Developers now understand the importance of delivering luxury low-density
projects with carefully planned communal facilities and the latest technology. The commercial property market in Marbella provides a valuable indicator as to the state of the town’s economy and future residential demand. Although there is a severe scarcity of office and retail units to buy or let as supply struggles to keep pace with commercial demand, which is a positive signal. Tourism figures show the number of visitors arriving in Spain rose 9 per cent yearon-year to 82 million tourists in 2017. Northern European buyers (Scandinavian, Benelux and German) are key countries contributing to increased sales, but the rise of the French buyer has
been the most notable trend in recent years along with Middle Eastern buyers who can now fly direct to Malaga from Doha, Riyadh and Jeddah. Despite the availability of good finance deals and historically low interest rates, around 70 per cent of purchasers are cash buyers. The latest data from Spain’s notaries suggests that British demand is still at the top and far from wavering in the run up to the UK’s departure from the European Union. In the second half of 2017, there were 49,553 sales to foreign buyers across Spain and the UK had the largest market share of all overseas buyers - 14.3 per cent . This figure rose to 26 per cent
Credit by: Nobu Hotels
Luxury - the new word on the block NOBU HOTEL: New investment for high-end tourists.
when analysing British demand in Andalucia according to the Spanish Land Registry. Assuming the withdrawal treaty is agreed, both sides have committed to a 21month transition period which would postpone the full effects of Brexit until the end of 2020, providing expats with time to secure residency and lock in existing EU benefits.
The downfall to the upward trend is the lack of buildable land in Marbella but with the word ‘luxury’ spreading further afield to neighbouring municipalities such as Estepona, Ojén and Benahavís, new developments are following the strategies and constructing high-end five star communities complete with concierge, gymnasium and 24hr security - all with a price tag to match.
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MARBELLA: Offering homes with the best qualities.
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he Golden Mile has long been a favoured international destination since the 60’s, when it became a resting place for the European elite. Its exceptional location has allowed the housing demand to prosper, even during the worst years of the financial crisis. When the crisis passed, Engel & Völkers recognised the new profile of international buyers in order to offer them ‘The Collection,’ a product 100 per cent adapted to their needs, which was presented at a recent press conference. “The Golden Mile has always been the most prestigious address for a second home for the European clientele. However, in recent years we are seeing a new trend of younger clientele with an average age between 35 and 55 years old, who are searching for a modern style, contemporary design and the latest trend of material and amenities, of course in the best locations on The Golden Mile preferably around the vibrant Puente Romano Resort,” explains Smadar Kahana, CEO of Engel & Völkers Marbella. This indicates a rejuvenation of one of the most exclusive addresses in Marbella of up to 20 years. Therefore Engel & Völkers is very proud to present The Collection in exclusivity. ‘The Collection’ is a project that meets the demands for new housing construction for this clientele with 26 luxury semi-detached villas that started construction on August 16. It will be a milestone for the city in view of its recent construction and licensing ups and downs. “Over the past two years, Marbella has lost a lot of investments and now that licensing has been granted, we hope that this promotion will be sold in just a few weeks,” says Kahana. “Most buyers do not want 20-yearold houses. They are looking for modern, organic designs, integrated into their environment and in the best possible location,” she continues. “At this moment in time there is no similar villa project on the Golden Mile except for The Collection.” In fact, The Collection is located just
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VILLAS: Will be built using natural materials such as wood and stone.
The average buyer on the Golden Mile is now
20 years younger ‘The Collection,’ 26 exquisite semi-detached villas on the Golden Mile, begins construction next week 400 metres from the celebrated Hotel Puente Romano and a short walk from the Mediterranean Sea - it is at the epicentre of everything an international investor is looking for. Built with the highest quality materials, from the prestigious architecture firm González Jacobson, who use natural materials such as wood and stone in order to give a feeling of warmth to these semidetached villas. The villas will be built by the prestigious company San José Construcciones. And will be 4,000 square metres, built on plots of 8,000. In recent years, clientele from central and northern Europe have taken precedence in comparison to other nationalities such as Arabs or Russians.
Belgians, Germans, British, Norwegians and Swedes are the main buyers of luxury homes according to the internal study of Engel & Völkers. To achieve the supply for this demand in the best locations in Marbella the goal should be: homes with the best qualities, close to all services in price ranges ranging between €500,000 and €1,000,000 for apartments and €1,000,000 and €2,500,000 in the case of villas. ‘The Collection’ will have a market value of €30 million, with prices from €1,125,000. This is a unique investment opportunity given the scarcity of plots in this coveted corner of Marbella.
About Engel & Völkers ENGEL & VÖLKERS is one of the world’s leading service companies specialising in the intermediation of luxury residential properties, commercial real estate, yachts and aircraft. Present in more than 800 locations in 34 countries, Engel & Völkers offers both private and institutional clients a wide variety of professional services tailored to your needs, providing access to a wide range of potential international buyers and a proven track record during many years. Advice, sale and rent make up the key competences of the more than 10,000 people that are part of E & V. The intensive training plans in its real estate academy and the high level of quality that governs its offer of structured services systematically constitute the key factors of the company’s success.
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