Investment Europe’s website recently published figures compiled by Fastighetsbyrån, part of Swedish banking group Swedbank, that reveal while sales of Spanish property to British purchasers have dropped by 65 per cent and German sales have also dropped by a less dramatic three per cent, purchases by Scandinavian buyers have increased significantly.

Over the four year period studied by Fastighetsbyrån, 108 per cent more Norwegians and 138 per cent more Swedes elected to invest in Spanish property. Considering the excellent health of both the Norwegian Krone and Swedish Krona, which have risen by about five per cent against the euro as the pound has fallen almost 20 per cent, it is not surprising that comparatively prosperous Scandinavian buyers have been tempted to invest their money in second homes in the sun. Adding to this scenario, Spanish property in some areas has dropped up to 30 to 40 per cent in price, although it has been noted that real estate in the more prestigious parts of the Costa del Sol has held its value rather better than this. Continue reading »

It doesn’t take long for even the most casual visitor to realise that the Costa del Sol has an alter-ego; not only is this stretch of Spain’s coast famous for the reliability of its warm temperature, but it is equally proud of its reputation as one of the world’s key destinations for golfing tourists.

The area that extends from Málaga to Gibraltar alone contains quite literally dozens of courses, some of which have hosted some very important tournaments. Most famously, in 1997 Valderrama was chosen as the venue of the Ryder Cup, an event that attracted golf fans from around the world, many of who became repeat visitors. Continue reading »

The transaction costs when buying a property in Spain consist of lawyer and notary fees, land registry costs, transfer tax and a mortgage tax. A rate adjustment coming into effect this year sees a number of small but important changes in the make-up of these property purchase costs.

Lawyers’ fees, which are approximately equal to 1% of the purchase price plus VAT, will most likely remain the same, as will Notary fees (dependent upon the price of the property and the length and complexity of the purchase contract), and Land Registry costs, which vary according to the purchase price and what needs to be registered. Continue reading »

The term ‘frontline beach’ takes on its proper meaning at Los Granados de Banús. Situated just east of the lively marina and shopping area of Puerto Banús, it fronts not a busy beachside road or boardwalk but leads directly to a large stretch of beach.

The luxuriously designed and appointed properties at Los Granados de Banús range from spacious two-bedroom apartments two double-floor penthouses complete with expansive panoramic terraces and private rooftop swimming pools. Inside, the properties are elegant, comfortable and modern, offering space, style and home comforts in one of the most desired locations along the whole Spanish coast.  Continue reading »

We advise homeowners who wish to rent out their properties on what peopole expect from a rental property nowadays, and how to make it attractive and highly marketable in a cost-efficient way. As a result, Nordica only offers top quality rental properties with modern amenities in attractive locations, in urbanisations such as Magna Marbella, Albatross Hill, Los arrayanes, Las Tortugas, Las Brisas and Los Naranjos, to name a few.

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