Signs of the times – Spain's property prospects up

  • The combined effects of record tourist numbers, property price adjustments, the Spanish residency incentive for non-EU investors in properties over €500,000, and tentative economic growth forecasts into 2014 are positive indicators for Spain's commercial and residential property markets.

    For proof of this favourable environment, you only need look at two recent Costa del Sol transactions as testament to the region's strategic appeal.

    COMMERCIAL PROPERTY MARBELLA: With its high-value readership, Russian Ideal Home Magazine moved offices from Elviria to central Marbella last week, transferring its property showroom to Calle Pablo Casals Nº 9, Local 2, off the principal Avenida de Ricardo Soriano.

    For German publisher and director at ADS Marketing & Consulting, Stefan Knöbel, the upturn in visitors and enquiries from Russian and Scandinavian investors means the new central office sits alongside many of the 4 and 5 Star hotels, resorts and apartment complexes frequented by this target group.

    Chris Dove's article on the Costa del Sol residential property market within the €400,000 to €8 million range will appear in Winter issue. Read the current Autumn issue at

    RESIDENTIAL PROPERTY MARBELLA: Pro Write has produced the sales spec for a luxury villa on a 1,590 m2 plot in Bahía de Marbella. Designed and owned by a German former Johnson & Johnson health care director and his wife, the overwhelming sense of comfort, privacy and security will appeal to investors in the €3 million range.

    During a briefing at their home last week, the couple seem relaxed about relocating nearby after 13 years. "We like to plan ahead whilst we're still fit and able, so we're prepared whenever the move may be. That's something I learnt during time at J&J."

    For the Bahía de Marbella spec contact Chris Dove,