were up 10% up according to the www.realestatepress.es The article states that the sales of real-estate in Spain in 20018 were 515,000 units up - the most voluminous since 2008!!Full article
World Built Environment Forum Summit 2018
Interesting thoughts and information shared at the 2018 summit organised by RICS. The trend in town planning is changing from looking at the future of cities to developing a better future of people.
In Marbella, Spain the Town Hall Planning department team is still in working progress in drafting a new PGOU (Plan General de Ordenación Urbanistica) after the Supreme Court ruling in 2015 cancelling the 2010 PGOU. The consequences of this was that the 1986 PGOU was automatically activated, suddenly changing the rules for Land Owners. Developers who had based their future return on build-able area assigned had to go back to the drawing board. You can only imagine the time-delay and costs involved. Are you familiar with the latest planning rules? Have you based your figures on the correct plans? MDCI can audit your project. An audit takes stock of two items: unitary pricing and re-measurement of plans to see if there are any contingencies, errors or omissions.Full article
Highest level in construction since 2008
The recovery in Malaga province seems to continue in an upward trend. Figures issued by the Malaga “Colegio de Arquitectos' (College of Architects) show it had approved 61% more residential properties than the previous year. This is the third consecutive year of growth which means that the sector is coming out of the economic crisis.
Read more in the Sur in English.
Do you know the local urban planning?
MDCI has noticed an increase in the field of development. However, a big issue international developers face is understanding the urban and local planning laws. Too often we have to advise our clients that they do not have the right or up-to-date licenses and that the planning schedule of their project is not realistic which will result in many delays to the project with consequences to the bottom line.
One of our clients needed help and confirmation with their process of validating planning. An external opinion and advice was needed regarding their estimated timeline for planning and licensing. With our confidential report, which contained credible next steps with realistic deadlines, they were able to make the right decision for their investment. We can provide a planning service independently from our other services helping the developer to understand what the opportunities and challenges of his investment will be. Contact us if you need any advice.Full article
Marbella council approves 1986 town plan.
Have you come accross planning confusion affecting your property investments?
With the recent cancellation of the 2010 PGOU official town planning in Marbella it can be difficult to know what to do, what to expect- and how to manage a valid way forwards. The good news now is that we have a legalised master town plan in Marbella albeit dating back to 1986.
MDCI has learned over the years that you cannot be complacent with the local planning laws. We have been on the forefront of numerous Urbanistic challenges and worked diligently in resolving them. Rest assured that we can help you, if clarification is needed - and help you to make sure your project has all the legal requirements - avoiding delays and obstacles to your project.
Mutual recognition between CGATE and the international organization RICS.
This agreement will be very useful, among other things, facilitating the professional work of Spanish surveyors abroad.
The Spanish technical architects will now have direct access to a prestigious certification of the Royal Institution of Chartered Surveyors (RICS), one of the most exclusive and recognized international organizations of real estate professionals, which, among other things, will facilitate professional performance abroad and allow RICS standard to be complied with and respected.
José Antonio Otero, president of the General Council of Technical Architecture of Spain (CGATE) and Maarten Vermeulen, director of RICS for Europe, signed a mutual recognition agreement last Friday that articulates the collaboration that both associations have maintained in recent years.
Thanks to this agreement the Spanish technical architects will have a direct access route to the associate member qualification of RICS.
In order to be an associate member of RICS - in the field of Building Surveying, it is enough for collegiate technical architects to have one year of relevant professional experience after graduation, to pass an evaluation that the CGATE and RICS jointly develop and pass an evaluation in ethics.
The signed agreement establishes the objective of expanding the number of specialities as soon as possible. This access route to RICS allows the possibility of more experienced Spanish Technical Architects to access other routes established by RICS, in particular, the Senior Professional, Senior Expert or Professionally Experienced route.
Likewise, the CGATE commits itself to recognize the professional qualifications of those members of RICS who fulfil the Spanish legal requirements. The CGATE will advise and where appropriate, report favourably to the Spanish authority - Ministerio de Fomento, requests for recognition of Qualifications in Spain for members of the RICS who possess academic qualifications comparable to those of the technical architects. “With this agreement, we improved the international employability of Spanish technical architects and engineers and contributed to the prestige of our profession,” said the president of the CGATE, José Antonio Otero. Maaten Vermeulen stated during the signing of the agreement that “the current collaboration between RICS and CGATE will be supported, enhanced and expanded, thanks to this agreement.”
The framework partnership agreement also opens the possibility of future collaborations, such as the recognition by RICS of training programs or professional certification systems promoted by the Colleges of Architects and Technical Architects.
RICS is a professional organization that accredits professionals in the field of real estate, development and construction. Founded in London in 1868, it now has more than 125,000 accredited professionals in more than 140 countries.
The General Council of Technical Architecture of Spain groups the 55 Colleges of Surveyors and Technical Architects of Spain, to which more than 50,000 professionals belong.Full article
The property market sales in Spain saw an 18% increase in 2015.
The article in hostelsur reports us that according to the Ministerio de Fomento the 13% residential property in Spain was bought by Foreign buyers, meaning 1 out of every 5 sales. This is an increase of 9.8% with the year before.
The increase in the main destinations per region are Comunidad Valencia, Andalucía, Cataluña, the Canary Islands, the Baleares and Madrid.
Check out MDCI's Project Portfolio in Spain.Full article
Marriott International and Starwood Hotels create the world's biggest hotel company
The deal will combine Mariott's 19 brands, including Ritz-Carlton and Fairfiled Inn, with Starwood's Westin, W and St Regis chains and will end up being the largest hotel chain with 5.500 properties worldwide.
Marriott in Marbella
As the VP-Design & Construction wrote: “With the services and skills provided by Mark Lawson, Marriott Vacation Club was able to guarantee a very high-quality product always achieving the targeted delivery schedule and maintaining the budgeted cost under strict control, resulting in financial benefit to the company”.
Property investment in Andalucia
Especially in Malaga and the Costa del Sol 2014 was a record year in terms of investment of property according to the latest report from international property market consultancy CB Richard Ellis.
The greatest investments have been in the hotel and residential sector writes The Sur in English, Increase in sales have meant that the housing stock in Malaga City and Marbella is almost non existent which has led to new housing developments being initiated for the first time in seven years.
CBRE points out that Malaga's property market “has changed direction over the past 18 months so that we can talk about consolidated growth and a new cycle for Malaga and Costa del Sol”. Read more in the below link.Full article
Property transactions have risen for six months in a row.
In Spain, house Sales are up 15.5% in February writes Newspaper El País.
The highest number of total property transactions is in Andalusia, Southern Spain.
MDCI has noticed the difference in quantities of property being sold or built in Andalusia, especially in the Marbella region. Inquiries are coming in fast. Clients are looking to construct their luxurious villa either for own use or as a potential investment. This is easier said than done, with the cancellation of the 2010 Urban Planning in Marbella it is not always clear which plot is available and if it has the correct licenses. It is of utmost importance that you do your research or alternatively have us do it for you to avoid any costly surprises.
Check out our portfolio on luxurious villas.Full article
What stage is your investment?
Are you at the feasibility study stage of your project or are you looking at a potential investment opportunity? Do you know where to buy land, what to develop and how to sell it but have no existing infrastructure? Do you have the local expertise when it comes to the physical realisation of the project?
Many questions one answer.
You might need your investment validated. What you would like to avoid is that further down the line you encounter unnecessary and unexpected delays affecting the project's viability. Make sure to have a completed study done including full information on licence acquisition, costings and timings to provide a level of comfort that will allow you to proceed confidently with your investment. This means establishing the targets and objectives and translating these into a project planning, costing and quality control programme.
Learn more about our services.Full article