| The Marbella Property Market sees the future | | | | final document is hoped to be approved by the |
| now with more optimism. The newly elected | | | | beginning of 2008. |
| Town Hall initially approved the new master plan | | | | The conclusion is that Marbella Real Estate Agents, |
| on the 19th of July. | | | | and in general investors, buyers and sellers in the |
| For the last few years there has been great | | | | Marbella Property Market, can now see the light |
| uncertainty as to the legitimacy of many of the | | | | at the end of the tunnel. |
| villas, apartments and townhouses built in Marbella | | | | Other actions which the Town Hall has put in place |
| in the previous years. This was due to the fact | | | | are cleaning, security and public works. |
| that the previous Town Hall granted licenses which | | | | There is a general cleaning campaign taking place |
| were contrary to the previous Marbella planing. At | | | | as it is clear that this is something that tourists |
| the time a new planning document was drown up | | | | and residents appreciate. |
| but the regional government did not approve it. | | | | As far as security is concerned, there is a larger |
| Nevertheless, the Town Hall went ahead giving | | | | police force as many have graduated from the |
| licenses mainly for apartments within the Marbella | | | | Marbella Police Academy. There are more patrols |
| municipality. The boiling point was when the central | | | | and in general there is a commitment to bring |
| government dismissed all the councilors of the | | | | security to a high level within Marbella town and all |
| Marbella Town Hall due to a court investigation | | | | Marbella urbanisations including Puerto Banus. |
| which found that there had been corruption with | | | | In relation to public works, Marbella beaches are |
| the granting of the "illegal" licenses. Then for a | | | | being cleaned and new sand is being placed. A |
| period of a year many Marbella apartments were | | | | new bridge shall be made giving better |
| difficult to sell as the licenses were considered | | | | communication between Nueva Andalucia and San |
| abnormal. As a result banks would not grant | | | | Pedro. New pavements are being placed, new |
| mortgages on these properties and many Marbella | | | | asfalt on roads, monuments being cleaned and the |
| Real Estate Agents would not offer them either. | | | | Marbella sea promenade is being improved. One of |
| Now with the approval of the new master plan | | | | the major works which has started is the tunnel |
| 95% of these properties shall be legalized thanks | | | | for the main road when it passes San Pedro. |
| to a consensus amongst the political parties. They | | | | Once this is finished, it shall allow a better flow of |
| understand that the priority is to reactivate the | | | | traffic along the Costa del Sol. |
| Marbella Real Estate Market and to give legal | | | | These few things have started only when the |
| security to buyers and property owners. This will | | | | new Town Hall has been in power slightly over a |
| no doubt be good news for the Marbella property | | | | month. Many other things are planned so that |
| scene. | | | | Marbella will be considered the prime luxury |
| With this, the newly elected Mayoress of the | | | | residential town in Europe. This can be achieved |
| centre-right Partido Popular has kept one of her | | | | easily as Marbella still has the best climate in |
| election campaign promises which were to provide | | | | Europe and has a fantastic infrastructure in place |
| the Marbella Property Market with a mechanism | | | | including international restaurants, luxury hotels, |
| which would give legal security to buyers, | | | | luxurious boutiques, the best golf courses in |
| investors and developers in Marbella Real Estate. | | | | Europe, yacht harbours, and not to forget |
| The planning shall be open to public information | | | | important things such as first class international |
| during August and September allowing allegations | | | | schools and hospitals. |
| from the public. These shall then be studied and a | | | | |