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