The Truth About Buying in Spain
“Marbella is at its peak right now”
Regardless of what we hear about Spain’s dire financial state, intensified unemployment figures and landscape bundled with unsold homes you would be hard pressed to discover a downbeat estate agent. In reality in a few areas they are certainly happy.
Michael Lovett, administrator of Fine & Country Marbella says: “Marbella is at its crest right now not just because of the bad weather in the UK but since the area is undergoing a real reinvigoration. Changes to the cultural scene and the transport system have recently been made to re-establish Marbella as the place to live and as a aftereffect, the future of the property market is promising.”
Number one buyers are Russians and Scandinavians
Astounding perhaps but Spain is still the top destination for Brits; even though according to British builder Taylor Wimpey Espana, their number one buyers are now Russians and Scandinavians. “On the Costa del Sol alone, 45 per cent of the total sales this year have been from both Scandinavian and Russian buyers,” says Marc Pritchard, Taylor Wimpey’s sales and marketing administrator. The developer is auctioning two-bedroom apartments as well as three-bed penthouses on its La Floresta de la Mairena scheme near Marbella, priced at €178,000. As well as at Avalon, also in Marbella close to the Los Arqueros golf course, it is selling two and three-bed apartments boasting sea and golf views from €250,000.
British estate agent Mercers are also very helpful about the property retail in Murcia. “Prices look to be holding steady,” said Chris Mercer, who has 29 year knowledge of selling freehold Spanish properties and sells most of all to retirees aged between 47 and 65. “The typical age of our buyer is around 60 and spends between €110,000-€200,000,” he says. “They’re not just coming to buy a bargain; they want a good property they can enjoy. I boldly predict our sales to build by 25 per cent in 2013 over 2012.”
Problems for those seeking mortgages
He adds that houses priced at €195,000 are now selling for approximately €185,000 nevertheless he does predict problems for those seeking mortgages. “The main effect is that bank financing will continue to be a obstacle in Spain. If a purchaser wants higher than 50 per cent loan to value and the property is not bank owned, it really is a no-go situation. This will limit the market to wealthier cash-rich buyers and steer people in the direction of, often less worthwhile, repossessed homes.”
Nothing stopped Peter and Jennifer Siggers, both 62 (pictured left) from selling up and buying a three-bed, three bath villa with personal pool in Camposol, Mazarron for just €155,000 which they found on Mercers’ website. “It was unattainable to match euro-for-euro elsewhere on the Spanish Costas or islands,” says Peter, a former manager of a timber merchant in Nuneaton, Warwickshire. “We’re not left out, have views to the hills and the countryside, yet can get to the social bustle of the on-site restaurants, bars and shops on foot or via a quick car journey.”
Curiously Spain’s infrastructure does not appear to have suffered ever since the downturn. Daniel Chavarria Waschke, who heads up Balearics Sotheby’s International Realty that has offices in Mallorca and Ibiza, reports that the airport in Mallorca has been extended and upgraded and that there are plenty of private hospitals and medical professionals operating to excellent standards.
Sothebys are placing themselves to focus on the high net-worth buyer
“Health care equals or exceeds standards found in northern Europe,” he states. “And a couple of years ago new roads were delivered across Mallorca. We understand there are far more potholes in England.” Such is the assurance of Sothebys that they are positioning themselves to target the high net-worth buyer. “We have adjusted our real estate portfolio to exclusively market only houses with a sale price exceeding beyond €2 million and apartments of over €500,000 to match our target audience,” Daniel boasts.
Unfortunately none of this is of any comfort to those bound to homes they can’t sell or leave behind like Diane and Bruce Bastin, who paid cash for their home (pictured above and below) 10 years ago.
We found Hondon quite by chance,” explains Diana. “We just came across the valley after driving over the mountains and fell in love with it. It was peaceful, and unspoilt.” They bought their three-bed, two bath villa with pool from a builder along with a neighbouring stretch of land to safeguarded their privacy.
It's just 40 minutes from the beach, in secluded spot, near the village and manufactured from natural stone and sits on a large stretch of land. Nonetheless its €295,000 asking price has enticed few buyers. Now Bruce has decided to reduce it to only €199,000.
Diane, 76, a retired company secretary and Bruce, 75, a former record producer, have decided to sell on account of Bruce’s poor health. He had a triple by-pass recently. Fortunately they've already retained a home back in the UK on the Sussex coast.
“Our house would be suitable for a couple who wished to manage a business,” says Diana who is also happy to include several pieces of furniture in the sale. “There is plenty of space for a workshop or office. I had thought of running a kennels.”
The large, single storey house stands in one-acre neighboring an Almond farm and vineyard with views of the valley and mountains. It comes with a mature garden of fig and olive trees and oleander bushes surrounding a substantial swimming pool.
This mountainous region has proved particular popular with downsizers and retirees as the weather conditions are cooler which makes it more tolerable in summer.
Camposol Villas

Camposol, which translated
Exactly where is Camposol?
Camposol is located in south east Spain, an hour south of Alicante in the province of Murcia. The development is positioned in a valley surrounded by hills and rugged mountains, merely 10 minutes drive from the unspoilt town of Mazarron and it's several beaches. Close by there is also Murcia city, with a historic old town centre and ideal for shopping.
Getting there
There's two large airports close by, Alicante is just more than an hour away, and San Javier is only 45 minutes drive. An additional airport is set to open close to Murcia city. The area also has excellent motorway links to the rest of Spain and Europe.
Weather
This region of Spain has more than 3200 hours of sun annually, with an average temperature throughout the year of 20 degrees Celsius, climbing to 25 in the summer. The valley location of Camposol makes sure that the mountains either side supply defense against any winds, meaning you're just left with a pleasant ocean breeze.
Real estate
Camposol villas are very great value and a superb potential long-term investment since the Costa Calida coast is comparatively undiscovered, especially if compared to the Costa Blanca and the Costa del Sol.
Property ranges from small terraces with courtyards, to villas with swimming pools on large plots. They are all constructed with curved lines and clear forms, meant to produce a harmonious and calming ambiance.
Camposol villas start off at around 100,000 euros, which can get you a 2 bedroomed terraced villa with 1 bathroom and a roof top solarium. At the opposite end of the scale is a four bed villa with private pool available in the region of 300,000 euros.
Camposol has a good deal to offer with regard to lifestyle, with its superb all year round weather, shopping, eating and recreational opportunities, not to mention terrific value property, all within easy reach of the beach and ideal transport links. Perhaps your next home could be one of these Camposol villas?
Paramount Murcia

Paramount Murcia “The park will be launched in 2015. “
Wednesday, March 13th, 2013
Paramount Murcia Entrance
Paramount Park information continues this week as the Minister of Tourism and Culture, Pedro Alberto Cruz, expressed yesterday during the presentation of the Easter Mining Union, the prospect of the Paramount park “I speak with full knowledge of what I say.”
He confirmed that the start of construction was delayed by two months, which was due to the permission of the City Council special plan Alhama. “In about two weeks, work will start.” when asked concerning funding, Cruz said that both the leaders of Paramount as the local promoter, with that I meet weekly, are calm, “Jesus Samper has several alternatives for raising the necessary funds.”
Those responsible for the multinational park are committed to the expedition of the project in Alhama, “The park will be launched in 2015. “
It seems the first step of this project becoming actuality is just around the corner, literally.
Paramount Theme Park Murcia Spain.
The exciting assembly in Alhama de Murcia Spain might be only 2 years away with the construction of a Theme Park by Paramount to rival Disney in Paris. The initial was stone laid on May 31 2012, ground was broken for the planned Paramount Theme Park and Lifestyle Centre.
The Theme Park will be set up on land North West of Cartagena only 25 miles from San Javier Airport. The correct specifics of the Paramount Theme Park have yet to be issued but one thing is for certain it will be a large advancement. It will benefit the local economy; estimates are that it will forge around 20,000 jobs for the public. Up to 15000 rooms will be needed to cater for the holiday makers. Not only will Paramount Pictures produce a theme park but they will additionally gather all European film production at the park. Current estimates are that it will allure an predicted 3 million extra visitors to the vicinity a year. If all goes to plan it will be available in 2015.
Why is the Murcia region such a great place to holiday. One of the large attractions is a lot of sun, lovely sandy beaches in easy reach, affordable residence and good transport links. You can centre your holiday on the beach with miles of BLUE Star beaches on the Mar Menor at Lo Pagan, Santiago dela Ribera, Los Alcazares and merely 25 minutes away from the Paramount Park or inside just 45 minutes you have all of the fabulous beaches at Campoamour, Cabo Roig, La Zenia, Playa Flamenca, Punta Prima, Torrevieja, La Mata, Guardamar and La Marina.
Recruitment will begin towards late 2013 for the major management of the facilities, then into 2014 for the staff that will be conducting at the facilities on a daily basis, with a priority being given to the residents of Murcia and Alhama. Recruitment is likely to begin via the internet, as well as a intent constructed office on the site, as interest is predicted to be large.
The value of property in the region is expected to start to crawl up once the first stone is put in place, meaning that there is just a short window of time left to snap up a bargain property in what will become one of the biggest and most beautiful tourism and investment areas in the whole of Spain.
For those which love their golf, just slightly inland, but still inside easy access to the beaches and Paramount, are places like Los Alcazares golf, Roda golf, Las Ramblas golf, Campoamor golf, Villamartin golf and La Marquesa golf which is part of the exclusive Ciudad Quesada and many, many more all just minutes away from our office in Benimar and our office in La Siesta, El Chaparral and San Luis so if you are considering obtaining a property in Spain, because of their future rental and growth, the investment potential here, due their proximity to the beaches the golf and the fresh Paramount Theme Park makes these properties excellent value for money.
Murcia Villas
Back in January, Murcia-based estate agent Mercers boldly delivered a estimated 25% boost in house sales for 2013 over 2012. With quarter 1 proving exactly that, up 25% for the initial three months of 2013 when compared with 2012, the prediction is on course to turning into reality.
Chris Mercer, Director of Mercers, says, "I can't identify precisely why our sales are up so much, but impetus is certainly beginning to build. It can't be attributed to an end-of-year rush before VAT on new builds went up from 4% to 10% on 1 January, as all of our sales have been resales. In addition, enquiries have not grown at the same level but those we have are certainly more serious, have the funds in place and are intelligent enough to recognize that the window of opportunity on a serious Spanish property discount isn't going to be open forever. Finally, compare Q1 2013 with Q1 2011, and Mercers' business is up almost 65%, quite some margin. Needless to say we're revelling in the positivity."
The Mercers trend is replicating the Murcia market. Information from the National Institute of Statistics (INE) show sales of Murcian real estate were up 24.1% in February 2013 over the same month the previous year, with 1,169 deals settled. This is higher than the national figure of 17.3%. Foreigners are certainly in part responsible for keeping the Spanish property market functioning.
Chris continues, "Prices are at this moment really low and, in our area, we're seeing reductions of 40% to 55% from the peak. This is turning the heads of overseas buyers. According to the Banco de Espa?a, 2012 revealed the highest level of investment in Spanish property by overseas buyers in 8 years, up 17% on 2011. This is great news as interest continues to be weak on the domestic front as Spain deals with high unemployment and an on-going reluctance to lend by lenders. For Mercers, Belgian, French, Norwegian, Swedish and more lately Uk buyers have dominated during the last year - with some restored interest from Germans and Dutch. Without them, Spain's property market would have been in a far sadder state."
The general picture from Spain may very well be a lot more cheerful than it has been for a while. The bad bank (SAREB) reveals it hopes to sell almost 42,500 housing units, around half its collection, over the up coming five years in order to help produce a "floor" and reactivate a wide recovery in the Spanish property market. Meantime the Economy Minister, Luis de Guindos, was just recently quoted as stating that growth may well return to the country as quickly as the end of 2013.
Available for sale
Ref NED99 - Neptuno Villa, Camposol Golf, Mazarron, Murcia
Among the best 3 bedroom three bathroom Neptuno style villas on Camposol Golf - immaculately taken care of, on a large 647m? plot and with lots of extras.
At ground floor there's a living room with fire place, dining room, kitchen fully fitted with white goods, master bedroom with en-suite bathroom and a second bedroom with additional shower room. Connected via internal stairs, the third bedroom is on the first floor and has an en-suite bathroom and French doors to a rooftop solarium with breathtaking mountain vistas.
Outside the plot is split into a swimming pool area and a garden area. The former is completely tiled, has a good amount of sunlounger space and the 9m by 4m swimming pool has an outdoor shower alongside. The garden is low upkeep with fully developed trees set in gravel on an automatic irrigation system. A conservatory at the front of the house is perfect for taking in abundant winter sun whilst a considerable underbuild may be used for storage. There is a bbq area outside, plus front and back access and a tiled driveway.
The property comes fully equipped, has air-con, a solar-powered hot water heating system, security grills at all windows, internet access and satellite TV.
Camposol Golf has an 18-hole course, four star Spa hotel and several shops, restaurants and bars on site which includes an opticians, vets, medical centre, hairstylists and a weekly market. The blue flag beaches and marina of Mazarron are within a fifteen minute drive.
Three Bedrooms, Three Bathrooms
Price - 185,000 euros (approx 159,400 GBP)
Contact Mercers Costa Calida on 00 34 968 199 188 , UK Local Rate 0845 017 7805 , email sales@spanishproperty.co.uk or visit www.spanishproperty.co.uk
Overseas Visitors to Murcia increase 8.1% - Way Over National AverageMurcia accepted 342,054 international tourists within the first seven months of 2013, up 8.1% on the same period in 2011. 25,589 more visitors have so far preferred the area for their vacations in 2013, with the French and British leading the charge.
Chris Mercer, Director of Murcia-based estate agent Mercers, is contributing the great news to a rather effective year so far. “Last month we announced that Mercers had accomplished 70% more residential property sales within the first half of 2013 compared to the equivalent timeframe in 2012,” says Chris, “and it seems this positivity expands from the real estate industry to the tourist industry. Not only has Murcia enjoyed a bumper year, but Spain in general received 34 million foreign tourists - up 2.9% on 2012 and officially a new Spanish record. What’s more, they’re spending more money - 6% higher than 2012. Extremely good news for any country that relies heavily on tourism to fuel its economy.”
According to data from the Government’s official tourism statistics department, Frontur, Murcia’s 8.1% increase is well over the national average of 3.9%. It only comes second to the neighbouring region of Valencia which experienced a growth of 11.8%.
For July, the UK was Murcia’s significant supply of visitors with a 2.8% increase over 2012 adding 50.1% of foreign arrivals to the region. The French took an 11.4% share, a considerable 15.4% rise over July 2012. In the mean time the Nordic nations of Denmark, Finland, Iceland, Norway and Sweden supplied Murcia’s third greatest supply market for July at 10.6%, an increase of 15.1% over 2012. By far the greatest improvement at 45.8% came courtesy of German, Dutch and Belgian visitors, each taking around 8% of the total. Russian arrivals were up six fold but figures are small in comparison.
Looking at Spain in general, July smashed all previous records with the arrival of 7.8 million foreign tourists, 321,000 greater than in 2012. Russians once more staged the greatest rise, 30% year on year, with the Nordic nations at 18%. Catalonia, capital Barcelona, is Spain’s biggest draw receiving 25.8% of all visitors to Spain. Imbalances in Tunisia, Turkey and Egypt is believed to have led to Spain’s extraordinary tourism success.
For the price of several family package holidays, this two bedroom one bathroom Clasico-style terraced villa is offered in immaculate condition (Ref CLAC100 - Clasico Style Villa, Camposol Golf, Mazarron, Murcia) for just 47,995 euros (approx 40,990 GBP).
Priced to sell, the home is fully furnished, has satellite television and a small front garden with citrus trees along with front and back patios - the previous south facing for year-round sunshine. A real bonus is the rooftop mountain-view solarium with built-in barbecue accessed from stairs on the rear patio. Storage space for sun loungers can be found up here with more storage created underneath the access staircase. Inside the living room has a feature flame effect fireplace, the kitchen fitted with white goods, both bedrooms have built-in wardrobes and the bathroom has a shower over bath.
Built area 92m², two bedrooms, one bathroom
Price - 47,995 euros (approx 40,990 GBP)
Or how about an extremely cheap property for only 35,000 euros (approx 29,800 GBP) that should be priced 15,000 euros greater than it really is, but in necessity of an urgent sale (Ref RED105 - Terraced Villa, Camposol Golf, Mazarron, Murcia). Never been lived in yet already partly furnished, the terraced ‘Rebecca’-style home requires a little cosmetic attention and it’s your blank canvas for holiday living. To the front is a sizeable full-length open terrace with pergola and there's a similar terrace to the rear with stairs up to a third considerable roof terrace. Inside is a favorable lounge with dining area, fitted kitchen area and two double rooms both with fitted wardrobes. The family bathroom includes a shower over bath.
Two bedrooms, one bathroom
Price - 35,000 euros (approx 29,800 GBP)
Camposol Golf has an 18-hole course, four star Spa hotel and many shops, bars and restaurants on site as well as an opticians, vets, medical centre, hairdressers and a weekly market. The blue flag beaches and marina of Mazarron are within a 15 minute drive.
Contact Mercers Costa Cálida on 00 34 968 199 188, UK Local Rate 0845 017 7805, email sales@spanishproperty.co.uk or visit http://www.spanishproperty.co.uk/
Amusement Park urges Hamiltons to double their Spanish property investment
When the Hamiltons acquired their own holiday home in Camposol Golf on the Costa Cálida six years ago, they had no aspirations for collecting a property portfolio. Nevertheless, combining Barry’s forthcoming retirement and reports of a Paramount-branded Amusement Park prompted them to benefit from the current buyers’ market and buy another home in Camposol Golf.
Barry (51), from County Antrim in Northern Ireland, picks up the tale, “Spain was a distinct decision for us as it’s just a few hours by direct flight from Belfast, possesses remarkable infrastructure, a welcoming society and its culturally not too dissimilar from the UK. We didn’t, however, wish to make the error of buying in a built-up Torrevieja or even a condensed Costa del Sol so as an alternative selected the up-and-coming area of Mazarron for its golf, countryside and desirable coastline. After six years holidaying at the house in Camposol Golf we’ve had no regrets.”
“I’m due to retire this year from my role in Health Care Management and we’re keen to enjoy as much as nine months annually in Spain.” Barry carries on, “Our youngest, Lewis, 14, completely loves the Spanish life so would possibly attend one of the exceptional local schools and gain the asset of becoming proficient in a foreign language. When news came of a Paramount-branded Theme Park for 2014 along with the opening of Corvera Airport in 2012 - both not even half an hour’s travel from Camposol Golf - it became clear that we really should put money into another property. Current selling prices are generally remarkable and we’re seeking to pick up worthwhile Paramount-fuelled rental earnings in the long-term.”
The Hamiltons now own a 3 bedroom ‘Rebecca’ design home purchased in 2005 for 68,000 pounds (about 98,000 euros back then) and a two bedroom detached ‘Fortuna’ style home together with conservatory along with swimming pool invested in this year for 108,000 euros (close to 96,000 pounds). Nonetheless they were mindful to not part with any money without first undertaking considerable research in to the Spanish property industry and indeed the property agent that they chose to do business. In the Hamiltons’ situation, Mazarron-based Mercers on both instances.
Barry continues, “Buyer keep in mind, there are various housing companies around showing off their wares on the internet however I found plenty to be showing overpriced homes of inferior quality in unfavorable areas. With Mercers, properties were valued accordingly, based on the fact they have 28 years knowledge marketing Spanish property, and we found the buying and legal process to be easy and uncomplicated - they were nothing but precise. Finally, don’t part with significant sums of money to a company you meet once in a hotel room and then sends you on a urged observing trip. Mercers has a fixed office in Camposol Golf, allowed the property to sell itself and our only regret is we didn’t buy our slice of Spanish sunshine sooner.”
Epilogue…
Actually Barry was so impressed by the way that Mercers conducted themselves that he has approached the business to be their Northern Ireland representative upon his retirement.
Chris Mercer, Director, comments, “I have always attempted to build a team based on real people who have also acquired property through us. This shows a degree of trust and integrity that most agents overlook and is something which has earned us numerous awards. If the team member has actually purchased a property through Mercers, been through the entire Spanish purchase procedure and is willing to represent us moving forward, then potential buyers will know that they’re in safe trustworthy hands. With Barry leading the team in Northern Ireland, not just are possible buyers speaking with a person who has bought two properties but they’re also working with a person who has accumulated six years of Spanish property ownership experience. Barry is very familiar with the area and can advise based on genuine understanding.”
Chris will be joining Barry in Northern Ireland this autumn to attend a number of exhibitions highlighting the spectacular low-price property opportunities on the Costa Cálida. If you’re in Northern Ireland contact Barry on barry@spanishproperty.co.uk and for other , visit spanishproperty.co.uk.
On the Market for Just 59,950 euros:
Ref RED77 - ‘Rebecca’, Camposol Golf, Mazarron, Murcia
As the international property world prepares itself for a new year in 2013, Spain is wanting desire from new international markets and restored keenness from traditional buyer locations is likely to make for a good year, driving on from a good end to 2012.
Rock-bottom property prices and political unrest in comparable destination spots in North Africa are attracting more international customers to Spain, according to one realtor in the Murcia region. Property firm Mercers expected a 25% year-on-year jump in sales in January and the 2013 sales regional record proves out the prognostication. Enquiries have not increased, but experts say the significance of them have and more leads are leading to sales. Meanwhile, Spain’s Economy Minister revealed he believes that growth could return to the market as soon as this year.
Murcia