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MARBELLA COSTA DEL SOL  PROPERTIES
 
ARE NOW
 
BARGAINS IN THE SUN
 
 
 
NOW IS DEFINATELY THE TIME TO BUY
 
 
 
The collapse of the Spanish housing market has created a golden opportunity to pick up a Marbella Costa Del Sol Property Bargain.

But there is little comfort for the many who bought homes during boom times in Spain. More than 250,000 properties along the Costa del Sol and the Costa Blanca are British owned.

"The housing market in Spain is about to implode," economists at Lombard Street Research warned way back in April 2007, the day after shares in construction companies went into freefall on the Spanish stock market. The panic selling signalled an end to a housing boom that saw property prices rocket over the last decade.

Overseas property experts predicted that property would go on the market at bargain prices.

But thousands of existing Spanish property owners now face major losses. "Speculators who have bought property in Spain over the last few years in the hope of making a fast buck have been caught with their pants down," said Mark Stucklin (in 2007) of Barcelona-based Spanish Property Insight, which provide advice on buying in Spain. Particularly at risk are those who paid up front on off-plan properties in the hope of selling them for a high profit within a very short period. "Many of those sort of investors may find that they own property that will never be completed as construction companies decide to cut their losses." Low interest rates in Europe have fuelled the property market in Spain in recent years, but cheap money has led to speculators building more homes than required. Last year more than 800,000 new homes were built in Spain, which amounted to more than in the UK, France and Germany combined.

Also back in 2007, an overseas property investment consultancy, said the bursting of the bubble of Spanish property market was long overdue. "Just as in the UK the era of automatically making vast sums of money on the back of rampant house price rises is over in Spain." But he said that those who had invested well were not likely to suffer. "That does not mean that those quality properties in quality locations cannot deliver excellent returns as a mid to long term investment," he said.

Back here in 2010 we can see that many of the predictions in 2007 have come to fruition. Marbella has gone through the traumas and tribulations of a World recession, but has now become a buyer's market.

Those looking for a lifestyle holiday home or a lifestyle permanent living home, could benefit from “ BUYING A BARGAIN PROPERTY NOW“, with a predicted long-term property investment appreciation on today’s “MARBELLA COSTA DEL SOL BARGAIN PROPERTY PRICES”.

This is certainly the perfect time to pick up a “MARBELLA BARGAIN HOME”, at prices that we believe will never be repeated.

 
 
Why buy in Marbella or along the Costa del Sol Spain?
 
Because Marbella has Become the
Lifestyle Holiday Resort Capital of Europe
 
 

Spain is Britain's most popular venue for residential tourism. The Costa del Sol and Marbella is a life style choice with  over 8 million people visiting every year. With 330 days of sunshine, many world-class golf courses, (to the extent that it is often dubbed "The Costa del Golf”,) marinas, shopping centers, international schools and European building standards and infer-structure have made Costa Del Sol Property incredibly desirable.

The Costa del Sol is one of the most popular tourist destinations in the world, it's miles of beautiful sandy beaches and fantastic weather which have kept tourists flocking back year after year to resorts like Torremolinos, Benalmadena, Fuengirola and of course the millionaire resort of Marbella and Puerto Banus.

For families there are theme parks, including water parks, go-karting, safari parks and many beautiful public gardens. For younger visitors the main areas of attraction are Benalmadena's Puerto Marina & '24 hour square.'

For the European and Worldwide millionaires there is the jet set millionaire resort of Marbella and the world famous Puerto Banus. Marbella also boasts the King Fahd’s Palace along side Marbella’s Golden mile. Marbella's motto is "A Way of Life" and, certainly, this luxurious resort town seems to have it all, especially as a favorite location with the rich and famous, as well as more ordinary folk who are willing to pay extra for southern Spain's answer to St Tropez.

 
 
 
MARBELLA
 
BUTLINS FOR BILLIONAIRES
 
Extracts from an Article by By Piers Morgan in the Daily Mail, 7th February 2010
 
 
It's not often that a holiday resort surprises me. Most fit the expectation brief pretty accurately. Barbados is hot, sandy, and full of Michael Winner lookalikes drinking rum and shouting on the beach. Thailand is hotter, sandier, and full of detoxing Kate Moss lookalikes sipping green tea and doing yoga. St Tropez can be the hottest of all, doesn't have as much sand, and is full of P Diddy lookalikes guzzling Cristal and croissants on yachts.

But Marbella is much harder to define. Before going there to film an ITV1 documentary, I assumed it was a rough, tough Costa del Crime kind of town where villains hung out with boozed-up glamour models, hookers and footballers, snorting cocaine and avoiding the police. And to a certain extent it is. But there's another, quite extraordinary side to Marbella - one of staggering wealth and discretion that acts as a fabulously opulent secret haven for super-rich Saudi princes, Hollywood stars, European royalty and billionaire tycoons.

It's hard to think of anywhere on the planet where two such disparate worlds live within the same couple of square miles together.

Marbella Property News

The appeal is obvious. Marbella is sunny for more than 300 days of the year, enjoying a rare European micro-climate that allows shirt-sleeves on Christmas Day and swimming trunks from March to November.

It has a greater number of golf courses per head than anywhere else on the planet. And, from what I saw, the greatest number of bars and nightclubs too. Add the increasing number of cheap flights from companies such as easyJet and it's not difficult to work out why it's proving so increasingly popular with Britons. More than 300,000 Brits live in that region of Spain now and another 2.5million visited last year.

But if you're jetting there expecting to find a slightly better version of Benidorm, think again. This place has some serious money sploshing around it, with some equally serious people spending it.

A London estate agent whistled when I asked how expensive property can get in Marbella, regardless of the recession.

'Off the scale,' he said. 'You've got some of the richest people on Earth down there, and they will spend whatever it takes to be top dog. It's a very competitive place, full of rich, successful people all trying to out-do each other. And the best way to do it is with a bigger, flashier house than anyone else.'

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I discovered just how big and flashy he meant when I gained top-secret access to one of the grandest homes of all.

It belongs to a British knight of the realm, a man worth more than the Queen but who banned me from revealing his identity in return for letting me see round his home. And what a home!

It boasted a vast Roman spa, a private cinema, tapestries worth millions on the walls, a fully stocked mini-hospital, £250,000 worth of goldplated taps, an expansive rock grotto for the kids, lavish pools, a second sumptuous villa down by the sea, and the sort of art that makes even Charles Saatchi go weak at the knees.

The owner is there for only three weeks a year, and rents it out the rest of the time for €20,000 a DAY in high season. Asked to put a price on it, my guide - Marbella's top property developer, John Davis --shrugged his shoulders. 'It's hard to say, but in the region of £60-70million,' he said.

The most pleasing aspect of all this is that just down the beach resides Lord Alan Sugar, a man who is used to being the richest man on his street, and indeed most streets. But in Marbella, as I gleefully reminded him over drinks at his admittedly sumptuous beachside colonial-style home, he is a relative pauper.

Sugar is one of the many celebrities who love the sun, peace and physical-fitness opportunity that Marbella brings to a hectic schedule. 'I escape here whenever I can,' he said, 'and like nothing better than a game of tennis in the morning, or a long, 50km bike ride up in the hills. It's a beautiful part of the world, and if you want to keep yourself to yourself then you can.'

Nowhere is that claim more apparent than inside the astonishing 2,200-acre enclave I discovered on the outskirts of town, called La Zagaleta. It's the most expensive housing estate in the world, boasting some of the largest and most decorous private buildings I've ever seen, as I patrolled it by helicopter. The cheapest plots will set you back £4million, the ones at the top end of the scale anywhere north of £20million.

But here's the weird thing. Most of the homes remain unoccupied for as many as 50 weeks of the year. Their owners are so rich, and have so many houses, that two weeks is all they can find time to spare. And they don't rent them because they can't be bothered, and don't need the cash.

It's like a Butlins for Billionaires. With 24-hour armed security guards, and dogs, CCTV cameras everywhere and a huge barbed-wire fence around the perimeter, one thing's for sure - when they do come, they're safe.

A Brit called Graham Fisher sold his chemical company back in the Nineties and retired to La Zagaleta with his wife Barbara. 'We don't like big houses,' they insisted, while taking me on a tour of a ludicrously big house. 'We've only 7,500sq ft of indoor living space,' Graham moaned, hilariously.

'Some of our friends in this neighbourhood have 25,000sq ft. And compared to the Mayor of Moscow's house, this is tiny.'

Marbella Property News

I found one legendary old rogue, Princess Diana's cad James Hewitt, running a smart new restaurant called the Polo House in Marbella's most exclusive street.

'I had to get away from Britain,' he admitted, 'and this has been the perfect refuge for me. There are no paparazzi, nobody bothers me except when I am happy to be bothered in the restaurant, and I've found the peace and privacy that I could never have back home.

'It's also a very comfortable lifestyle-here. But there are two very different worlds. Since the cheap easyJet flights came in, all the hen and stag parties have started flooding into Puerto Banus, and that's changed the character a little from the quite smart, glamorous place it used to be.

'It's also driven the really rich people out a bit, tucked away in the secluded areas on the outskirts.'

That's indisputably true. But the rich still head down to the port occasionally to hit their credit cards in one of the world's most expensive shopping precincts.

I went shopping with former Birmingham City soccer boss Karren Brady. She's about to join Lord Alan Sugar as his new Apprentice sidekick, so should know a thing or two about business. But watching her sweep through Gucci, Prada and Fendi like a human vacuum cleaner was a terrifying spectacle.

Her eyes alighted on a rather plain-looking handbag. 'Oooh, that's lovely,' she cooed. 'You can never have enough handbags.' This one boasted a price tag of £15,000.

'Who the hell buys this kind of thing?' I gasped.

'Oh, there's a lot of serious wealth in Marbella,' she chuckled. 'And they come down to Puerto Banus for the glamour, the yachts, the celebrities, the shops. There are two sides to this place. But both sides are quite fun. It's part euro, part trash.'

And that, at its heart, is Marbella. A place to retire to, party in, make a fortune, spend a fortune - whatever takes your fancy.

 
 
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