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Sizzling Sotogrande warms up for a summer of sporting fun

Sizzling Sotogrande warms up for a summer of sporting fun

Sotogrande is home to the International Polo Tournament, this year in its 47th year, that runs from 25th July to 1st September where the world’s best polo players, a wide choice of food and drink, boutiques, stands and music combine for a fabulous event for all the family.

The grand event is held in the elegant grounds of Santa María Polo Club, one of the leading places for equestrian activities. This polo tournament is ranked as one of the four most important in the world for this spectacular sport and, year after year, it attracts many national and international visitors who love the thrill of the sport. Whether you’ve seen a polo match before or not, we urge you to go along as a polo match can really get pulses racing.

Sotogrande is well-known for its love of all things sporting with a superb marina where you can moor or charter a boat. In the surrounding countryside horse riding and cycling are popular and of course golf features highly with the prestigious Valderrama Royal Golf Club based here.

This stretch of coastline is simply stunning and it is easy to see why we chose to work with Kronos Homes on the exclusive La Finca development. From here you can feel the best of Spain’s fertile green countryside, watch the shimmer of the Mediterranean as the sun dances off it and enjoy the luxury of peace and quiet with stunning sea views.

La Finca is a development 3, 4 and 5 bedroom luxury villas boasting private infinity pools, large terraces and contemporary open-plan design. Come along to the polo tournament and see how beautiful this area really is.

Besides the polo there is plenty to do as visitors have numerous places to eat, a shopping village and a children’s area as well as bars and evening parties at the After Polo. It is an experience not to miss and if you’d like to hear more about La Finca talk to one of our team today.

Spanish property market in 5th year of expansion

Spanish property market in 5th year of expansion

The Spanish housing market is now into its fifth year of expansion since the market turned the corner at the start of 2014. There has been an upsurge in quality new developments that our clients love due to a combination of contemporary design, ideal location and great amenities.

According to the latest data from the Association of Spanish Notaries the Spanish housing market expanded by 7.7% in May with 51,896 sales in total. This is across Spain in total and we are noticing an upturn in foreign buyers still finding Spain a very attractive prospect.
The notaries’ latest report also reveals that average house prices increased by 0.6% to 1,372 €/m2, and mortgage lending increased by 9.3%. This shows a marginal increase in prices that is not putting people off applying for a mortgage. Prices along the Costa del Sol are still very reasonable and here at Bromley Estates we can help you find the property to suit your budget and lifestyle.

We have been helping people find main homes if they are relocating and second homes/holiday homes since 2008 so we know our market and we know where to find the very best property for your investment.

In April, new residential mortgage lending increased by 22%, a big rebound compared to March, when the growth rate of just 2% was the result of seasonality. The average new loan in April was €133,456, down 3.3% compared to last year.  This shows compared to UK prices, it is still very cost effective to buy in Spain and even talk of Brexit isn’t putting people of investing in their dreams to own property abroad.

Whether you are looking for a comfortable two-bedroom apartment with great sea views or an elegant villa we have those and everything in between to appeal to clients far and wide. Come and talk to one of our friendly multilingual team to find out more.

Five reasons 2018 is a great time to buy property in Spain

Five reasons 2018 is a great time to buy property in Spain

Just in case you are contemplating buying a property in Spain and the fabulous climate and outdoors lifestyle hasn’t quite made your mind up, here are five reasons 2018 is a great time to buy property in Spain.

High quality homes
Buying off plan quite often includes financial incentives and reserving a property in the early stages means you often buy at below market price and can personalize certain aspects of the property.
Buyers entering the market now are finding an amazing number of new projects for sale of a substantially higher quality than in the past. A more sophisticated, experienced and caring developer has arrived. Developers with projects underway are enjoying much more interest from buyers and substantial success in sales as a result. Buyers are finally receiving an increasingly broad choice of top end properties with an incredible range of luxury features, prices and locations.

Improved economic climate
When you invest in a country you need to be sure the economy is improving and the outlook in Spain is looking sunny in more ways than one. As of April 2017, Spain has shown 14 consecutive quarters of growth. The economy has recovered well since the government implemented a series of reforms including overhauling the banking system and reforming the labour market. Growth remains much higher than that in the Eurozone overall, thanks to thriving tourism and exports.

Attractive borrowing rates
Increasing government regulation of financial institutions and more effective regulations on banks and lenders has prompted a culture of financial safe practice. Base rates continue to fall in the Eurozone and currently sit at an all-time low and as a consequence mortgage rates in Spain are now cheaper than ever. In addition, lending by the banks increased by 17% in January 2017 against the previous year demonstrating that Spanish lenders are keen to lend to non-residents and overseas investors.

Increasing property prices
Spanish property sales are rising. After 7 years of falling house prices, the market has now returned to pre-recession levels and banks are predicting record property sales in the coming year. With confidence back in the market and demand steadily growing once again it’s inevitable that prices will increase so it is wise to invest right now.

Great rental income potential
If you are considering renting out your property in Spain, the unique micro-climate pretty much assures you of a return on your investment. The Costa del Sol is back in full popularity offering a charming mix of climate, fun, luxury living and affordability. With more than 80 golf courses in the region that alone draws tourists with short breaks and of course families love the and stunning beaches.

Make 2018 the year you buy in Spain. Talk to one of our multilingual team today to see how we can find the home of your dreams.

A long weekend in Marbella

A long weekend in Marbella

If you a yearning for a taste of the Spanish lifestyle why not hop over for a long weekend in Marbella and sample the delights the region has to offer.
Whether you fly in to Malaga or Gibraltar (great for tax free shopping) your trip must include a visit to the Old Town. Marbella’s Old Town is the perfect place to unwind in a beautiful restaurant drinking your favourite tipple. Wandering the streets of this part of town is the antidote to a stressful life. Los Naranjos Plaza is the centre point of where lovely architecture meets a chilled vibe. The buildings are all whitewashed and topped with terracotta roofs, and many date back to the Renaissance. Some are wrapped in bougainvillea; in fact the whole area is bright with flowers.
For a completely different feel wandering the luxury marina of Puerto Banus is a stark contrast where designer boutiques, sports cars and super yachts merge to create a place that draws visitors with its French Riviera feel.
No trip to Marbella would be complete without a trip to one of the 20 beaches that line this stretch of coast. Relax in a beach side chiringuito, wander along the beach or if you enjoy a party there are several lively beach clubs here including Nikki Beach.
If golf is your passion you will be spoilt for choice with no less than 32 golf courses in the region. There are clubs to suit every level as well as some elite clubs too. Just along the coast in Sotogrande you can play at the exclusive Valderrama or catch a game of polo. Head down to the marina for a bite to eat or charter a boat and head out for a little sailing.
There is so much to see and do in this area that living here is a real pleasure. Whatever your passions and pleasures living on this stretch of coastline offers an abundance of things to do that contribute to the Spanish lifestyle everyone loves.
If you are looking for property whether it is a holiday home or you are looking to transition to living here then talk to one of our knowledge team who can work with you to find the property and area best suited for you.

£/€ exchange rates are not putting off British buyers

£/€ exchange rates are not putting off British buyers

In the second half of last year the British were the number one or two group of second home (non-resident) buyers in nine out of Spain’s autonomous regions. 

Even though we have seen less positive exchange rates and a weak pound during the last year the demand for homes in Spain is still high. Investment in property here still looks a very attractive option post referendum and living here it is easy to see why politics doesn’t influence people’s desire for a better life.

There is a fabulous outdoors lifestyle that promotes healthy living, whilst the climate means spending more time walking, cycling or playing golf is easy. The infrastructure of this part of Spain is geared up for year-round enjoyment with fabulous restaurants and nightlife not just seasonal.

After the crash of 2007-2009, British demand began growing again consistently in the first half of 2013, rising from 3,662 in that period to a high of 8,800 in the second half of 2015 (+40%).

Sales growth went slowly in the first half of 2016 (the June referendum took place at the very end of that period), and then plunged 20% between the first and second half of 2016. But in 2017 sales started to recover, and by the second half of 2017 sales were back up by 7.8% compared to the same period the year before.

So, where sales declined and some buyers temporarily lost faith in buying here in Spain, the recovery has been remarkable in that the country has tightened some of its legislation making buying off-plan safer. This is one of the areas we see growth as with building work commencing by reputable developers the range of off-plan property available makes everything from exclusive villas, penthouse apartments and smaller 1 and 2 bed apartments an attractive choice for buying here in Spain.

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