Luxury Homes

Nationally, we are faced with the revaluation of property in the luxury sector. In the case of Madrid with a price increase of 6%, the third most attractive city for investors luxury home (2015 data), after Berlin and Dublin.

 

This revaluation is favoured by business dynamics, reductions in unemployment rates, concentration of total foreign investment and encourages in the hotel business, says Paloma Pérez Bravo, director of the Metropolitan Market Center (MMC) for Press World.

 

If we study the demand for luxury homes in our capital, we find press titles such as “A study says that Madrid is the 18th city in the world preferred by investors to purchase a luxury home” – Five Days (June 2015), or “The luxury housing in Madrid gets a boost: more expensive and sold in less time” – The Confidential (November 2015). Trending areas are Salamanca, Chamberí, Jeronimos and Justicia, highlighting the latter two. The upper middle class and foreigners with high purchasing power looking for well located and high quality housing.

 

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Interior of a luxury penthouse, Madrid. Sales Presidence.

 

Studies of the first half of 2015 indicate that the number of sales increased by 45%, while rented properties went up by 60% – The World (July 2015). Spanish destinations with more demand for luxury homes are: Mallorca, Ibiza, Marbella, Madrid or Barcelona.

 

Therefore, we wonder what the reasons for the increase in this type of housing are. The real estate market of high class properties was also affected by the market crisis of 2008-2013, the main reason was loss of buyer confidence, who could not make the purchase, but postponed the acquisition decision until the sector stabilizes. Since 2014 the lost confidence recovers and market situation improves.

 

Main demand in domestic area:

 

  • Balearic Islands. Main attraction for German, British and Scandinavian interested in properties in premium areas. Mallorca has registered a price increase of 10% -15%.

 

  • Madrid, Barcelona and Valencia. In large cities and surrounding areas, the profile of the buyer is quite varied, ranging from national families interested in a change of residence to foreigners willing to make major investments or looking for work relocation.

 

  • Coastal and mountain areas. They also have great demand in the Mediterranean coastal areas such as the Costa Blanca, the Catalan coast and the Cantabrian coast.

 

Internationally, London obtains the title of world’s most expensive city, office rental prices went up for the third consecutive year, followed by Honk Kong and New York.

The UK experiences a price increase of 25% in luxury homes, mainly due to the limited availability of property in the market.

 

In conclusion, we continue the process of market recovery. There is less overall demand for property, but the customer who wants to purchase new property is willing to pay a higher price.

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Villa sea front, Mallorca. Mallorca-Sothebysrealty sale.

More info at www.terraone-premium.com

Vanguard and architecture

Two names are drawing attention at the beginning of this year and are to be found on the front pages as they are nominated for two of the most important awards in architecture.

 

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Zaha Hadid of the Royal Institute of British Architect was awarded the royal gold medal in 2016. She is the first woman to ever receive this prestigious price as reward for her career. She is seen as having had direct influence on the advancements of architecture for the past years.

Architect Zaha Hadid was born in 1950 in Bagdad, Iraq, and spent most of her professional career in London where she has her architectural studio since 1979.

She is considered a mastermind of deconstructivism based on the chaotic appearance by manipulating the shapes on a search for a design far away from strict linearity. Many see her as the most excellent avant-garde architect alive. Her creations are marked by playing with the light while including the environment in the buildings; and using flexible bodies and angled and pointy shapes as well as spiral elements.

She is also the first woman to ever be awarded the prestigious Pritker price of architecture in 2004, which is one of many awards such as two times RIBA Stirling of Great Britain.

 

 

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Alejandro Aravena was awarded the Pritzker price in 2016 which is he most important award in this sector.

The Chilean architect, born in 1967, is one of the youngest winners in the history of the award. In 1992 he received his architectural degree from the Catholic University of Chile and in 2001 he took over Elemental, a planning and architectural studio for infrastructure, traffic engineering, town planning and house building.

He received the award for his work on defining the role of an architect to deal with the most elementary problems. Something that is considered a warning signal from a positive position, an incentive for the whole profession on searching and dealing with this challenge.

The international breakthrough of Alejandro Aravena happened in 2004 with his project for council housing called Quinta Monroy in Chile. These apartments were designed in a way that the tenants can develop them themselves depending on their needs and financial possibilities. The architect describes it as a possibility for the residents to gain a stronger bond with the property.

 

The avant-garde architecture integrated in the villas of the coast of the Levante

A lot of constructions from famous architects along the Spanish state can be found on the east coast. Two good references are Dénia and Jávea where we find villas of great architectural value. The real estate agency TerraOne Estates does not only sell their villas in Spain, but also in the UK and Germany. You can find references on the website www.terraone-premium.com.

Upscale houses, safe bet

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During the economic recession suffered by Spain from 2008-2014 there was one market niche that has not seen any decrease or lesser sales, which was the niche of luxury homes. During 2014 sales in this market increased from 30% up to 60%, data improved continued last year and its estimated to continue to grow exponentially in 2016due to the strength of their markets and the Spanish economic consolidation.

 

Thanks to the improvement of the image of Spain as a competent country and due to the recovery of confidence in the Spanish financial sector, buyers with high purchasing power started again to come back and purchase a property mainly at the coast which enjoy an excellent climate to live in all year round.

 

So now it’s time to invest in Spain due to price competitiveness in this type of properties, the healthy climate, excellent quality of life and the end of the depreciation of prices in the housing sector, which makes that investors see transactions as a safe investment and benefit of a very good price performance ratio. National buyers seem to be confident to invest in this business and it is a good part of the demand in the luxury sector.

 

But what is a high-class property? We could say that an upscale house or luxury property is one of more than 200 square meters and will cost from € 500,000 onwards. But a luxury residence does not only depend on the price of the property. Its supply and demand and its location are important. This type of construction should be located in the best geographical areas of each city or town where there are so-called „prime areas“. These areas tend to be well connected and are provided with services to make life easier for the owner of such property. Another more important aspect in the luxury and upscale housing industry is of course, the choice of materials, finishes and style.

 

Minimalisms connected with high quality finishes are standard. Marble, walnut or beech wood, infinity pools, large gardens… are elements of such a property. Creativity is an added value to these designs and polarized formats that multiply the effects of three-dimensionality to give continuity in immersive environments for properties with those features.

 

We from TerraOne Estates are pleased to show you properties of all types and many styles.

For more information visit our website.

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Costa Blanca Villa for Sale

Especially the tourist spots Dénia, Jávea and Moraira on the Costa Blanca North in Spain are the area where the real estate broker TerraOne Estates offers an extensive portfolio of properties from cheap to exclusive villas, bungalows and apartments.

Villas from economic to exclusive and in all kind of different styles are being designed by our German in-house architect. All these customised villas can be built on plots in different locations by our quality construction contractor from Valencia.

Customised construction for new builds at the costa blanca means that the client can choose from economic to exclusive features.
Short reaction times and up to 20% energy savings are made possible by the recommended underfloor heating without screed made by the German firm Proline Energy. Advantages are supply temperatures from 30°C, ideal for energy saving heat pumps or solar collectors, saving 4-6 weeks in construction times and a 10 year warranty by the manufacturer.

Suspended ceilings with fitted 5 Watt LED lights help saving up to 80% on your electric bill.

Doors define the style of the house. The client can choose the perfect doors that fit his style and taste for his villa from a catalogue of a German manufacturer of high quality doors. Furthermore, he can choose from a range of door fittings that set the style of the property.

Kitchens made in Germany that fulfil the highest demands on quality, functionality, longevity and design complete the new construction service of TerraOne Estates.

The market and its offers
2015 is considered the last year of the Spanish economic crisis in which it is still possible to make a bargain when buying a second hand property.

In case the client does not find the perfect villa, bungalow, apartment or plot in the firm’s portfolio of currently 250 properties and 100 plots, including sea view land; the agency is more than prepared to find the fitting property at the costa blanca in its vast network of partners.

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Personalised services
Of course it’s not enough in Spain to just sign the purchase contract; he will need a Spanish tax number (NIE), a notary and other administrative aspects. TerraOne Estates helps the client with all that and furthermore acts as a broker for mortgages, insurance and a neutral lawyer that acts on the client’s behalf and to check all needed paper work.

You will find the offices of TerraOne Estates on the marvellous Costa Blanca in Jávea, Avenida del Pla 124, local 5 and in Dénia in Calle la Via 59. You can gain your first impression of their portfolio when visiting www.TerraOne-Estates.com.

Time to Buy Property in Spain ?

Why Now is the Time to Buy Property in Spain.
It is no secret that the 2008 economic crisis hit Spain hard after its property boom collapsed, and with an economy that relies heavily on tourism, the country has struggled for many years to gain strength again. However, according to Spain’s tourism ministry, at the beginning of last year sun-seekers were choosing to return to Spain again as the number of visitors to Spanish destinationshit an all-time high. British tourists were at the top of the list, followed by the Germans and the French.

The international financial markets have been a key driver in the start of Spain’s economic recovery, having quite an impact on the property market. Property prices are still around 40% below what they were since the beginning of the recession but it has meant property investment has increased substantially over the last year or so as buyers see an opportune moment to buy again. Various reports have noted that 55% more British people bought a property in the first three months of last year whilst the number of online searches increased by 51% over the first six months.

This momentum has continued into 2015 thanks to the rise of the pound, dollar and Swiss franc against the Euro. Consequently, Unique Living has seen demand for luxury properties in Spain increase from British, American and Swiss buyers, keen to buy where tourists are flocking to take advantage of renting out their investments.

One of the many attractions of Spain is its local food, adored by both locals and those who visit on holiday. The food and services industry plays a crucial role in Spain and it has suffered tremendously when the recession hit. People were watching their pennies by eating at restaurants less and cutting down their supermarket bills. Local food outlets, quirky markets, food fairs and so on were disappearing by the day.

However, as the country slowly began recover, these local eateries and markets have started to become more popular with shoppers seeking good value for money and the tasty treats that Spain has to offer. With Spain offering absolutely delicious produce to ‘tantalise those tastebuds’, holiday makers are increasingly cooking their local cuisine at home be it al fresco or indoors. Why do you think so many Spanish properties have such impressive kitchens?!?