However besides what the World outside of Spain would have you believe to enjoy Marbella ideally you want a minimum budget of €250,000 and then you have much more choice and can find something really nice that you could enjoy and live in full time.

A good example of this is a good friend of mine who has an Apartment in Mira Golf and has completely reformed the apartment so much so its easily the best apartment on that development and something I could sell very easily for €260,000 however the bad news for all you would be buyers out there is that my friend after doing all the hard work doesn’t want to sell it, not until after the summer at least.. The reason I mention this is within Nueva Andalucia you can maybe buy an apartment for €180,000 Euros which would be making severe compromises and then you walk into my friend’s house which is top class, top style and top location and probably €90,000 more but a home you could live in for the foreseeable future.  So the question then remains what you buy Value for money with compromises or top quality but not necessarily top value for money! As they say you pay your money and make your choice.

The other thing is Marbella unlike other areas of Costa del Sol really has now come off the bottom and there just isn’t the same deals out there as there was in 2009.  This also begs the question about what your definition of Marbella is. Some people include Elviria to Cancelada but for me it’s pretty clear for me it’s from Los Monteros to Puerto Banus & Nueva Andalucia.  In other areas such as Elviria and Costalita you can buy something very nice for €200,000 but for me it’s not Marbella.

As they say location is everything and real Marbella costs real money.

It didn’t start any new developments to build in Marbella and Elvira area last year. Over the last 5-6 year has it been build over 100 new urbanizations of property Marbella or 6.000 – 7.000 Marbella apartments and about 1.000 Elviria apartments. The massive production of properties was going right in the wall in the end. At the same time came the finance crises in the world so the market more or less died over a week. No one could sale a property Marbella, the banks didn’t give any mortgage and many urbanizations lost there first occupation licenses because of the Malaya scandal. Only the clients with cash money and who didn’t care about licenses was the buyer of property Marbella apartments.

Now in the year 2010 is the market slowly on the way back. In February are Marbella Town Hall coming with the new PGOU plan for Marbella and at the same time give all the so call illegal building back there first occupation licenses for property Marbella apartments and villas. Signals from the banks said that they are ready to give mortgage again, to buyers for property in Marbella. We have also in our company Sundream Estate got more phone calls, e-mail and other enquiry of property Marbella apartments. We have just got in 2 lovely apartments next to Santa Maria golf course, build for 4 year ago. They are on 86 m2 plus terrace, 2 bedrooms and 2 bathrooms, a lovely living room with dinning area and a fully equipped American kitchen. Both have garage and store room. The community has 2 nice pool areas. The price stated from 225.000 euros. This is a very good investment for rental or to have a holiday home in Marbella.  

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A property in Marbella is a good investment over long time if the buying price is correct, not those fantasy over prices some real estates was sold for in 2003 to 2007. We have many clients who we sold properties in Marbella under these years. We never took in property in Marbella to any over prices. Some days were I looking at 5-6 properties and only 1 or 2 did we take in for sale, the rest was stupid over prices. Today when the prices has going down with around 15% can we still sale them and the owner don’t lose any money. We only take in properties in good areas like Hacienda Playa, Bahia de Marbella, Elvira Hills, Hacienda Elviria, Cabopino, Los Monteros and many more similarly areas.

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Marbella is again on the map as one of Spain most imported towns. Just a few weeks ago on the 29th October were the Grand Opening Celebration of Hard Rock Café Marbella. It is Spain’s fifth Hard Rock Cafe after Barcelona, Madrid, Mallorca and Gran Canaria. It is situated in the heart of Puerto Banus, on the corner of Plaza Antonio Banderas, opposite the El Corte Ingles department store and adjacent to the Marina Banus shopping centre. The new establishment is of around 1000sqm and has recently received a 2.5 million euro installation and decoration investment. There is space for around 300 people. As well it includes a bar, an open-air terrace and Rock Shop, and also features Hard Rock’s limited-edition merchandise. The new cafe is expected to create about 70 permanent jobs and up to 100 persons in summer and will definitely bring some more local people and tourists to the port of Marbella.

Marbella has been waited a long time for Hard Rock Café. Marbella have already most of the worlds famous and important restaurants, bars, shops and boutiques to offer tourists and the people who lives here or have a property Marbella apartments or villas as a holydays home.

There are always many people at the new Hard Rock Cafe, so be aware that there could be a small queue to get in. But they handle it quite well and give you a small pager which vibrates when it’s your turn. Nice idea, so you can go to the bar while waiting and don’t have to actually stay in the queue

The Opening Celebration on October 29th was celebrated by Javier Ojeda from the legendary Spanish band Danza Invisible, who performed an acoustic set with two other musicians and a second set with Free Soul Band, a truly funky band from nearby Malaga.

Every day do we get contact with clients from the whole world who wants to buy a property Marbella apartments or villas. Many of them have been here in Marbella and on Costa del Sol before, but many of them ask us ask us where are the best place to get general Costa del Sol tourist information and maps?

The best place to find general tourist information and maps about Marbella and the Costa del Sol is at the many municipal tourist offices. You will get there maps, promotional brochures and discounts to many Costa attractions.

Tourism is very important to Marbella and the city has established four locations where visitors can receive much information about Marbella attractions, beaches, activities, main sights, etc…

These offices can be really helpful as they hand out free of charge maps, promotion discounts to attraction parks, water parks…

These offices are generally open from 9am to 9pm Monday thru Friday, and 10am to 2pm on Saturday. During the winter season, this schedule may vary slightly.

The offices are located at:
- the Plaza de los Naranjos in Marbella historic center,
- the glorieta de la Fontanilla along Marbella paseo maritimo,
- the plaza Antonio Banderas in Puerto Banus,
- conjunto San Luis in San Pedro Alcantara.

The phone numbers of the main office (la Fontanilla) are (+34) 952 86 89 77 / 952 77 14 42.

For other towns on the Costa, visit their official municipal website:

www.marbella.es
www.benalmadena.com
www.fuengirola.org
www.mijas.es
www.ayto-torremolinos.org
www.estepona.es

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A couple of weeks ago come news that Dubai World, which is behind Dubai’s extravagant construction of artificial islands and giant skyscrapers, suspend payments in six months.

Because of the massive State interference in the company has data led to speculation that the Dubai state should halt payments, or at least that the state is unable to guarantee Dubai World’s commitment.  The conglomerate Dubai World has asked for debt restructuring and extension of credit from lenders to May 2010.

More problems, Nakheel, a property development company owned by Dubai World, reported during its first six months of its fiscal year broken a loss of 13.4 billion dirhams. This corresponds to a loss of 3.7 billion U.S. dollars.

Last week had Dubai World talks with a number of banks to restructure 26 billion dollars in debt, which includes a bond for 3.5 billion U.S. dollars issued by Nakheel. The bond will expire on 14 December. The government of Dubai announced that it will pay 4.1 billion U.S. dollars to cover the liabilities of property developer Nakheel.

Every week come new information about the finance crisis in Dubai, and in this new finance crisis are all the banks in the world involved in.  Every bank around the world has borrowed out money to Dubai spectacular building companies and the other building project in Dubai like The World islands, Waterfront, the subway, the ski slope, Palm Deira, Maritime City and many more fantasy project. Now have the banks understand there that they maybe don’t going to get the money back. The rich oil states around Dubai are not willing to pay the bill; they are going too asked for debt restructuring and extension of credit.

The affect are, that our mortgage in Spain and Europe is going to be higher and no new mortgage to clients. So here in Marbella and the rest of Spain, it’s going to be more apartments and villas for sale on the market to lower prices, the banks have to take over more properties which they must sell to any prices, so the prices is going down more.

Related articles;

http://www.sundream-estate.com/blog/2009/12/02/a-property-in-marbella-is-not-for-the-spanish-banks/

http://www.sundream-estate.com/blog/2009/05/27/the-worlds-largest-real-estate-crash-league/

The Marbella City Council has today appointed Swedish actor Dolph Lundgren, who played the Russian boxer Ivan Drago in Rocky IV to, ‘Ambassador of Marbella “for his association with the municipality and its long and successful career.

The Mayoress of Marbella Ángeles Muñoz has highlighted that Marbella and its citizens is a real privilege to have such distinguished neighbors as Dolph Lundgren, he could have chosen any city to live and has opted for our own.“ Munoz stressed that the Swedish actor meets and exceeds the profile for the City to associate with the name of the municipality and “promote the city and its image worldwide.”
“The goal is to involve persons of recognized national and international reputation who want to sit in Marbella and we know that the heart feels Lundgren,” he underlined.

In this sense, expressed by the actor who has told his wife and two daughters “make life in Marbella and not think about changing it for anything.”
- Marbella is a very special place for my family, a wonderful city in which they can fully enjoy life,” said the Swede, who has highlighted in his speech “the beauty of the Sierra de la Concha in contrast to the blue Mediterranean Sea.
But first, highlighted the “warmth and hospitality of their neighbors, who know how to enjoy life in a unique way in the world.”
Therefore, he has shown his “love” for the city and has undertaken to bear the name of the city everywhere.

Tourism Councilman Jose Luis Hernandez, also wanted to highlight the figure of Lundgren and the importance of personalities with a career as contrasted.
The mayor has shelled the biography of the actor, director, screenwriter and film producer “who has worked primarily in action films and martial arts in Hollywood.”

Dolph Lundgren is born in Sweden, graduated from the Royal Institute of Technology as Master of Chemical Engineering, University of Sydney. It was in one of his trips to Boston when he landed in New York and presented to the casting for the role of Ivan Drago, which complements his life changed.

However, since contact had been maintained before the world of cinema in the film A View to a Kill James Bond saga, where it appears as the protector of his then-girlfriend, actress / singer Grace Jones. Among other outstanding films of his films are in Little Tokyo, Masters of the Universe, Universal Soldier, Johnny Mnemonic, Blackjack or Storm Hunter. It has now along with Sylvester Stallone filmed the movie The essentials alongside Mickey Rourke, Jet Li, Brittany Murphy, Charisma Carpenter, Eric Roberts, Arnold Schwarzenegger and Bruce Willis and to be released in April 2010.

Finally, Hernandez recalled that Lundgren is the second ‘Ambassador of Marbella‘ along with the president of the Spanish Olympic Committee (COE), Alejandro Blanco.