Iconic 2014 New Construction comes to Costa del Sol

28 Oct 2013

Further proof that the Spanish property recession is over is for the first time since the recession started developers are embarking on building Iconic new properties to meet the demand of Russian and Scandinavian property buyers.

There is no doubt these new projects are going to change the Marbella and Costa del Sol property landscape and market forever according to Nick Stuart Managing Director of Spanish Hot Properties whose website is in 7 different languages and who deal with over 15 nationalities on a  regular basis in the Marbella area. Scandinavian and Russian buyers are primarily looking for new, bright white and light properties with lots of glass with fabulous views but most importantly high quality design and facilities to match but are happy to pay a premium. This goes completely against the UK buyers who are searching for bargain properties and don’t perceive top quality to be value for money. However the Russian and Scandinavian buyers see things completely differently according to Nick.

You only have to look at Dream Gardens Resort in La Cala de Mijas and Doncella Beach in Estepona to see the quality these clients are looking for. However up until now Doncella Beach was a one off but that’s about to change and with it even greater choice for buyers. This will also make understanding the true value of a property for Surveyors even more difficult as we will have a three or four tier market in some areas of Costa del Sol said Nick.

The only developer to build new properties under the new 2010 energy efficient regulations Taylor Wimpey have built for the mass UK market and so their homes are not of the Iconic standard planned by developers building homes for no UK buyers.

It will be interesting to see how this impacts the Costa del Sol property market as a whole and if these Iconic development will become the bench mark for future projects once the recessions is fully over.

If you would like further information about the new building projects currently underway in Costa del Sol please visit http://www.spanishhotproperties.co.uk/ for more details

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