Kill Queen

As per the Association of Builders and Developers of Malaga (ACP), from the stock of 25,000 brand new homes available only 10,000 or less than half were sold in 2011 by developers in the Malaga province which, is home to the Costa del Sol.

Houses available at lower prices have propelled their sales which created a dent in the housing starts for the past 3 years. It is mostly evident in popular tourist resorts like Marbella, indicating an alarming slowdown of the housing expansion.

Also the lengthy lead timeframes synonymous with the construction industry could serve with a severe paucity of new homes in the near future.

Inadequate supply will worsen the situation if, the demand for new homes picks up, roughly around 22,000 new homes, based on the population. Potential buyers are keeping a distant from this market due to fears of unemployment.

Almost 45 percent of the first-time buyers of the 200,000 population of unemployed in Malaga are young adults scouting for a home in order to start a family if, circumstances are favorable.

Most of this fiasco is to be blamed on the politicians quoted President of the ACP, Jose Prado. “During these years they haven’t done anything for earning fortune out of construction also did not practice any method for attracting investors towards property in Spain”.

More information and photos can be found at http://news.kyero.com/

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October month of 2010 did not bring lot of good news to real estate in Spain. November however, showed some positive features. Though a 20 percent increase has been observed in month to month record, 8.6 percent fall is noticed from the sales of the previous year.

28,732 homes were sold in November 2010. 15,957 homes were brand new and 16,789 homes were resold. Records of property in Spain released the above details.

Mark Stucklin is a property expert keeping complete note of the situations occurring in Spanish real estate market. He remarked that these figures showed the worst conditions of property. This absolute downtrodden situation will mark the coming of prospective season. Spain has experienced the most critical condition in real estate market.

Slight recovery was achieved in the first few months of the present year. The hype cannot be maintained because of VAT increase and continued presence of bad economic condition.

Spain will always remain a hotspot for second home buyers. British people can never show disregard to property in Spain.

Barcelona region always attracts buyers. The Spanish capital fetches 31 percent increase in home sales every year. The badly affected zones are Malaga, Murcia and Almeria.

More information and photos can be found at http://www.aplaceinthesun.com

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This unique property is 30 minutes drive west of Malaga airport. It is situated just outside the Andalucian town of Alhaurin el Grande. It has everything you need for a family holiday, a golfing long weekend or a company retreat. The 3m x 6m private pool is set in lovely gardens, with an orange and lemon grove providing unlimited fresh fruit in November and April. There is a wide shady balcony and terraces overlooking the pool.

The flexible accommodation is ideal for two or three families, golfers, or a group of friends. The property is made up of three parts: the main house, a small house in the garden and the courtyard house.

The main house has two twin bedrooms, two bathrooms, a large sitting room and a dining area with exit to a wide shady terrace with gas BBQ. There is a modern kitchen and a library.

The garden casita has two twin bedrooms, a bathroom, a sitting room and a kitchen. There is a further small sitting room and a kitchenette in the garden casita.

The courtyard casita is most impressive. It has one twin bedroom, a games room, a bathroom and a modern kitchen.

At the rear of the house is a courtyard area with fishpond and sitting area which enjoys the morning sun. There is a wide terrace and a poolside patio area which enjoys 180 degree views over the Guadalhorce valley below. Below the garden wall is a well-established ‘finca’ (orange grove) with approximately 50 mature orange, lemon, tangerine and clementine trees. The whole house and garden area is secure with high garden walls, and automatic metal gates at the entrance.

More information and photos can be found at http://www.lpaspain.com

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