Posted by & filed under Costa del Sol News, Currency News, Marbella Information, News.

Euro_TesoroThe Euro’s movements last week were dominated by the European Central Bank and market speculation as to whether the bank’s policy would have the nerve to announce measures large enough to tackle the malaise in the Eurozone economy. With the 19-member currency bloc sliding into deflation and the economies of France, Germany and Italy all stalling, economists were expecting something big.

At the start of the week, the Euro was already trending at multi year lows against the Pound and other major peers. The shock decision by the Swiss National Bank to slash interest rates and ditch its exchange rate cap with the Euro had hammered the single currency lower.

Data released on Monday also weakened the currency as data showed that the regions current account surplus narrowed from €24.6 billion to €16.3 billion. Construction output on an annual basis however came in far better than forecast but that was widely ignored as the markets fixated on the ECB policy meeting.

As the week progressed, the Euro came under further pressure against all of its major peers as market attention focused on Thursday’s eagerly awaited European Central Bank policy meeting. Traders were watching and waiting to see if the bank will go ahead with launching a quantitative easing programme in an attempt to tackle the threats posed by deflation. Uncertainty over Sunday’s Greek elections was also weighing upon the currency.

The Euro tanked against all of its major peers and looks set to fall further after the ECB announced it’s larger than forecast quantitative easing programme. The ECB surprised economists by introducing a QE programme worth €1 trillion. That means that the bank will buy up to €60 billion worth of bonds and debts every month until September 2016. Economists had previously been expecting the monthly amount to add up to €50 billion.

‘The programme is credible for market participants. It will work because it is big, because it is strong, and because it is open ended, this is not about Germany, and this is about Europe. We don’t have a fiscal union, we don’t have a European Treasury, so we had to do it our own way, in a way that fits the way we are, which is a monetary union without a fiscal union,’ said ECB executive board member Benoit Coeure.

The single currency is forecast to fall further over the course of the weekend as the market focuses on Sunday’s Greek general election. – See more at: http://www.currencynews.co.uk/forecast/20150125-11582_euro-to-pound-exchange-rate-outlook-today-eur-gbp.html#sthash.40bRjXg6.dpuf

Posted by & filed under Costa del Sol News, Marbella News, Marbella Real Estate.

359233_King-Abdullah-2The death of 90-year-old Abdala Ibn Abdelaziz, King of Saudi Arabia, has elevated his Marbella-loving brother Salman Ibn Abdelaziz to become the new king. Salman, aged 79, who is now the Saudi king, owns Al Riyad, a luxurious palace on the Golden Mile close to the Mar-Mar palace, built in the Costa del Sol town by former king Fahd, and the mosque. The new king also owns the luxury yacht Shaf of London, which is often seen docked in Puerto Banus. Salman is the member of the Saudi royal family that has shown the greatest passion for Marbella, with visits almost every summer for two decades becoming great social events and generating extra income for the city thanks to the large groups that accompany the royal visits. Some of Salman’s children live in Marbella, where Princess Sultana (one of Salman’s wives) also spent long periods before her death in 2011. Salman and Sultana had six children: Fahd, Ahmad, Sultan, Abdul-Aziz, Faisal and Hussa. It was after Sultana’s death that Salman’s visits to the city became less frequent, although when there he was often seen at Friday prayer sessions at King Fahd’s mosque or having breakfast in the Plaza de los Naranjos, one of his favourite places. Born in Riad on December 31, 1935, Salman became the successor to the throne in June 2012 and has held the posts of deputy prime minister and minister of defence.

 

Posted by & filed under Costa del Sol News, Luxury Marbella Property, Marbella Information, Marbella Real Estate.

puerto-banus-spain_3_imagens-ajWe have the pleasure of offering you this new listing which is 1st frontline Puerto Banus. The 1 bed apartment which could be easily converted to a 2 bed sits right in the heart of Banus and is frontline with direct views over the port and the magnificent yachts. A great investment which will demand the highest rental prices short term holiday lets.

Posted by & filed under Luxury Marbella Property.

slxvjqfklhwwatb.asp-22This stunning Viila which conveniently built on 2 elevated plots overlooking Elviria, the newly reformed villa enjoys one of the best panoramic views you can imagine being so close to all amenities. The large swimming pool area offers the most amazing 360º views over the Mediterranean Sea, the surrounding mountains, Marbella coastline up to Gibraltar and Africa. The location of the property is unique: Right in the heart of Elviria, in a quiet cul-de-sac street, behind a discrete automatic fence, with a private driveway bringing you to a parking area in front of the large entrance door. The American kitchen, the ample dining room and the elevated living area all have direct access to the large, South facing wooden terrace. On the main floor are also 2 spacious bedrooms, 2 bathrooms and a bright painting studio which could easily be transformed in a 3rd bedroom. On the upper floor, the very private master bedroom has a cosy terrace to enjoy the views and sun. The lower floor comprises an underground parking for 2 cars, a utility room and a storage area. Last but not least, a large separate apartment with its private entrance can welcome guests or staff in complete independence. Additional features are: Central gas heating, fireplace, anti-theft glasses, alarm system, air conditioning.

Posted by & filed under Costa del Sol News, Marbella Information, Marbella News, News.

dest6_Malaga5Only just after a week after being named the second most exciting destination on the planet for 2015 by travel experts Rough Guide, Malaga has been featured in another prestigious travel guide as one of the must-visit destinations in the coming year. Frommer’s, the world-renowned travel experts, has listed Malaga as one of their 15 Best Places to Go 2015, citing its weather and culture as highlights. Handpicked by the guide’s editors, Malaga features alongside places such as Shanghai, Argentina and London, and the guide states that, “2015 in particular is the best time to discover – or rediscover – these 15 sensational places.” “With miles of shoreline, a rich culture, and an average January temperature of 63 degrees, Malaga, on Spain’s southern coast, has a lot going for it – except relatively few tourists are, which qualifies it as a find,” says Frommer’s. “Paris’ Centre Pompidou selected Malaga as the site of the first ‘Pop-Up Pompidou.’ The art museum opens in the spring and will be the capstone of the resurgence of Andalucia’s second-largest city. “The transformation began in 2011 with the opening of both the Palmeral de Las Sorpresas, an elegant seaside promenade that replaced the gritty working waterfront, and the Museo Carmen Thyssen, a showcase of 19th and early 20th century Spanish paintings. “The city has become a great option for travellers who want to enjoy the cultural offerings of a vibrant city, but still be close to the Costa del Sol beaches.” Last week Rough Guide also highlighted the Centre Pompidou in Malaga as a reason to visit in 2015. Frommer’s concluded: “Sun, culture, beaches and affordable prices earn Malaga a spot on our 2015 list.

 

Posted by & filed under Luxury Marbella Property.

xkdzfqnaatsyxel.aspVilla, Exceptional, Furnished, Equipped Kitchen, Parking: Double Garage, Pool: Communal and Private, Garden: Private with Swimming Pool, Facing: Southeast Views: Countryside, Partial Sea, Pleasant. Features 24 hrs Security System, 5-10 minutes to Golf Course, 5-10 minutes to shops, ADSL, Air Conditioning, Automatic Entrance, Automatic Irrigation System, Barbecue, Breakfast Room, Built to High Standards, Central Heating, Charming Property, Close to all Amenities, Completely Equipped Kitchen, Conveniently Situated for Golf, Detached Villa, Dining Room with Fireplace, Double Glazing, Excellent Condition, Exclusive Development, Garage, Garden and Pool View, Garden Apartment, Gated Complex, Guest Apartment, Ideal Family Home, Immaculate Condition, Jacuzzi, Landscaped Gardens, Luxury Fittings, Pool, Prestigious Area, Private pool, Quality Residence, Satellite TV, Servants Qtrs, Service Room, Sought After Area, Stylish Accommodation, Sunny terraces, Telephone, Underfloor heating throughout, Utility Room, Various Interior patios.

For full gallery see – http://chris-newsham.com/en/show/sale/spain/benahavis/el-madronal/villa/2320/

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tcngshygczkmvwv.asp-12Chris Newsham is one of the Costa del Sols leading Real Estate and specialists in the sale and rental of Spanish villas and apartments. You will find all price levels along the Costa del Sol from Malaga to Gibraltar. We sell every type of property from re-sales in Marbella to new Developments on the Costa del Sol. We are able to offer you the best choice of properties Throughout the area Including a great selection of bargain Spanish property. If you are selling property in Spain, we will be delighted to help you giving you access to the expertise and experience did we have Gained from over 10 years of selling residential and commercial property on the Costa del Sol. If you are buying property in Marbella, Estepona or elsewhere on the Costa del Sol then why not take a look in our catalog, a selection of the finest properties along the cost. From your first contact with us we will endeavor to identify your requirements and Provide you with relevant options within your budget and event did want to help you find the best value for your money is currently available did When buying a Spanish property. We Spécialisé in Both Brand New Developments in Spain and Previously owned homes, to suit all budgets, Both on the coast of the Costa del Sol and Further in land. Why buy or invest in the Costa del Sol It’s fair to say did buying on overseas Property Has never been Easier or as tempting, due to the current market conditions. With “quality of life” being high on everyone’s agenda more and more people are choosing a second property abroad as on alternative to “trading up” in the UK and on Increasing number of families are looking to move permanently to Southern Spain. Listed below are some of the Reasons Why the Costa del Sol shoulderstand be your No.1 choice When buying a dream home or investment properties.

Posted by & filed under Costa del Sol News, Luxury Marbella Property, Marbella Information, Marbella News, News.

eomwvggbazriycp.asp-6A recent property review highlights the location of some of the most expensive and the cheapest property in Spain. The most sought after property on the list is the elegant street in Madrid known as Calle Serrano, the very hub of all the top designer shops and luxury goods stores. A residence or commercial premises along this street will put you back 10,900 € per m2. which equates to, approx. 1,000,000 €, for a small 96.8 m2 house. Next on this list is Barcelona, the bustling street of Paseo de Gracia, designed by the famous Antoni Gaudí will cost 8,450 € per m2. Bizarrely, at number 3, Calle Hernani in San Sebastian, close to the world famous La Concha beach would be 6,400 € per m2. As for Marbella, Puerto Banus ranked at 6th on the overall pricey places to purchase a residence, where a property in the area will set you back 5.450 € per m2. However on the flip side of the scale, the least pricey neighbourhood to purchase a property currently in Spain is around Castellón in Valencia, where prices have dropped to 300 € per m2, equivalent to 36 times cheaper than in Madrid’s Calle Serrano.
Top 10 Priciest List 2014 (per m2)
1. Calle Serrano, Madrid (€10,900)
2. Catalonia: Passeig de Gràcia, Barcelona (€8,450)
3. Area surrounding Calle Hernani (Hernani Kalea), San Sebastian (€6,400)
4. El Sardinero neighbourhood, Santander (€6,350)
5. Abandoibarra Etorbidea/Plaza de Eusaki, Bilbao (€5,500)
6. Puerto Banús, Marbella (5.450 )
7. Paseo Sarasate/Primer Ensanche, Pamplona (€4,950)
8. Area around Calle Santigo, Plaza Universidad and Plaza España, Valladolid (€4,700)
9. Paseo de los Fueros, Megapark and Bec, Barakaldo (€4,500)
10. Paseo Maritimo, Cádiz (€4,500)

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Montserrat_CaballeFAMOUS Spanish singer Montserrat Caballe has avoided jail by striking a deal with Spain’s public prosecutor over tax fraud charges. The 81-year-old soprano – who famously sang the ‘Barcelona’ song with Queen’s Freddie Mercury, which was used as the official anthem of the 1992 Olympics – has been handed a six-month prison sentence, which she will not serve, and a fine of €250,000, according to Spanish newspaper 20 minutes. Barcelona-born Montserrat did not declare her earnings for 2010 and listed her official residence as being in Andorra, for the “sole purpose of not paying her taxes,” according to the nation’s public prosecutor. Her lawyers had been negotiating with Spain’s office for economic crimes and tax agency, who wanted the singer to serve a jail sentence as well as paying a fine. It’s alleged that Montserrat did not pay €500,000 but has since paid the money back in two instalments. The opera star will be pleased she did not suffer the same fate as Isabel Pantoja, another famous Spanish singer, who was jailed in November for money laundering.