Property
Manilva
is at the heart of one of the most dynamic property markets in
Europe and in this section we will bring you information and articles
by people with first hand knowledge and experience of all aspects
of the industry.
The
Market
Paul
Grindrod, independant property consultant, has made his
home in Sabinillas, Manilva and this is what he has to say:
The
property market has seen significant movement in the Manilva area
in the past few years with new developments springing up wherever
one looks. Indeed the Spanish national bird (the crane!) has become
a semi permanent fixture over our stretch of coast recently and
would seem to be with us for a while yet.
Reasons for this include our
improving infrastructure, with new coastal and toll roads shrinking
those all important airport transfer times, Manilva offers a real
alternative to the existing fleshpots of the Costa both for holiday
makers and residents alike and provides an easy commute to those
working in Gibraltar.
Also much has recently been
made of the planning 'legacy' left by the ex-Mayor of Marbella
that has caused problems for developers and residents alike and
many people, tempted by the accessibility and favourable prices
have alighted upon Manilva as an alternative. According to the
recently drafted Plan de Ordenacion del Territorio de la Costa
del Sol (POT),
a blueprint for the Coast for the next 10 years we can expect
more of the same as population growth is forecast to triple, yet
very significant sums (€2.3 billion) have been allocated
to implement an infrastructure commensurate with such growth.
For Manilva residents this means a planned rail link with Malaga,
a local University and Hospital and longer term plans to complement
the existing A7 and AP7 roads, changing the course of the latter
to cope with the increased traffic pressure.
So for those of you worried
that the property market has peaked or that some bubble is about
to burst think again. Sure, we have seen prices increase locally,
mostly on the back of equity release enjoyed by the UK market
and indeed as that has now slowed so we enter the next phase.
We now have a situation where buyers are more educated and discerning,
so where perhaps five years ago most properties were probably
a good buy, now, with increased prices a property must stand out
by having either good location, sea views, and local facilities,
or preferably all three! It is these simple guidelines that will
ensure your property is not just 'another apartment'.
The good news is that developers
do seem to be picking up on the feedback from their previous projects
and the choice currently on offer within the Manilva area is as
exciting and diverse as one could wish; Golf, beach, harbour,
hillside, campo – all tastes and budgets are catered for
and the favourable cost of local materials combined with Spanish
flair ensure a luxury seldom found in property at home –
wall to wall marble bathrooms anyone?
For
further info please contact me, Paul Grindrod on paul@manilvalife.com |
