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A brighter future for real estate in Marbella
The Marbella property market now sees the future with more optimism. The newly elected City Council initially approved the new master plan on July 19.
For the past few years there has been considerable uncertainty as to the legitimacy of many of the villas, built houses and apartments in Marbella last year. This was due to the fact that the previous City Council granted licenses that are contrary to planning Marbella above. At the time of a new planning document drown, but the regional government did not approve. However, the City Council went on giving licenses mainly for apartments in the municipality of Marbella. The boiling point was when the central government dismissed all the councilors of Marbella Town Hall due to judicial investigation found that there had been corruption in the granting of "illegal" licenses. Then, over a period of one year Marbella many apartments were hard to sell the licenses is considered abnormal. As a result the banks do not grant mortgages on these properties and many Marbella Estate Agents Roots do not offer them either.
Now, with the approval of new master plan 95% of these properties was legalized through a consensus among political parties. They understand that the priority is to revive the property market in Marbella and to give legal certainty to buyers and owners. This will undoubtedly be good news for Marbella property scene.
With this, the newly elected mayor of the center-right Popular Party has fulfilled one of his electoral campaign promises that would provide Marbella property market with a mechanism that gives legal certainty to buyers, investors and developers in Real Estate, Marbella.
Planning be open to public in August and September allowing public complaints. These then shall be assessed and a final document expected to be approved by the beginning of 2008.
The conclusion is that Marbella real estate and general investors, buyers and sellers in the Property Market in Marbella, now can see light at the end of the tunnel.
Other actions that the City Council has put into place is the cleanliness, safety and public works.
There is a campaign general cleaning taking place as it is clear that this is something that tourists and residents to appreciate.
As far as relating to security, there is a largest police force that many have graduated from the Police Academy in Marbella. There are more patrols and, in general, there is a commitment to bring more security and high level within the city and all developments in Marbella Marbella and Puerto Banús.
In relation to public works, Marbella beaches are being cleaned and new sand placement. A new bridge will provide better communication between Nueva Andalucia and San Pedro. are placing new pavement, new asphalt on roads monuments, walk to the ocean clean and Marbella is being improved. A major work that has begun is the main road tunnel as it passes San Pedro. Once completed this should allow for better traffic flow along the Costa del Sol
These things have begun only when the new City Hall has been in power little more than a month. Many other things are planned to Marbella is regarded as the first luxury residential city in Europe. This can be done easily as Marbella still has the best climate in Europe and has a fantastic infrastructure in place: international restaurants, luxury hotels, luxury shops, the best golf European golf, marinas, and not forget important things, like the first-class schools and hospitals.
About the Author
Shaun Parker looks into the changing property market in and around Marbella, Nueva Andalucia and San Pedro, Spain and how this will no doubt be good news for the Marbella property scene.
Hotel La Fuente de la Higuera, Ronda, Andalucia, Spain
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