AUGUST 2013 - HOT SUMMER NEWS FROM CHERSUN PROPERTIES

Keeping You Up To Date With The Summer Property News And Headlines From Murcia, Spain

As the summer is in full swing here in Murcia, the temperatures are still consistently in the mid 30s. With a great all year round climate it makes the ideal location to have a property in the sun.

With property prices still at record lows there has been a great demand from British, Dutch , Belgium and Scandinavian buyers taking advantage of the best buys. As always the better located properties sell quick therefore if you are in the market to buy a property the advice is to arrange your viewing trip sooner rather than later. For more information about our informative and relaxed viewing trips contact sales@chersun.com

As always we like to keep you informed with the latest news and views about the property market in the sunny region of Murcia ,Spain and this months newsletter is packed with the latest headlines. Enjoy.


GOLDEN VISA TO ATTRACT WEALTHY BUYERS

Spain's Golden Visa residency-for-property rules have now been published and agents report rising interest from overseas investors that do not hold a valid EU passport..

Rather than only being allowed to purchase one home for up to €500,000 to qualify, applicants can buy several properties of different kinds to make up the total on the new residency-for-property rule.

Residential, commercial and land deals all qualify.

We are seeing clients not just looking at the property around the entry point, many investors are putting together investment portfolios of €1million that includes both residential and commercial property.

The regulations are currently being debated by the Spanish parliament however once the scheme is given the green light it will give Spain an advantage in attracting overseas property investors from outside the European Union.

"There is demand from China for all the advantages Spain brings in terms of education for their children and university. The possibility of getting places in university in China is small, so they seek opportunities to educate their children overseas."

The fact that the Spanish government increased the qualifying point from €160,000 to €500,000 has meant that more committed investors are inquiring.

The residence visa would allow those who invest €500,000 or more to live legally in Spain for two years, and can then be renewed every two years. The kind of investment that qualifies is one or more residential, touristic, rural, commercial or industrial ality.


TAX HIKE FOR MURCIA PROPERTY BUYERS

The Town Hall of Murcia have increased the cost of the transfer tax when buying a resale property in Murcia. The transfer tax has been increased from 7% of the sale price to 8%, meaning an additional 1500 euros for a property being purchased for 150,000 Euros.

As each communidad ie, region can set their own tax charge on property sales, the Murcian government have implemented the 1% increase from July 2013 which brings it in line with other regions such as Valencia and Madrid.

It is another way of the town halls trying to increase income to maintain the crucial services it provides.


NIKE AND IRM GOLF SEAL MARKETING DEAL IN THE NEW GOLFING MECCA OF MURCIA 

Nike Golf has announced that it has entered into a multi-year partnership with IRM (Inversiones en Resorts Mediterráneos) Golf Experience, the largest group of Jack Nicklaus designed golf courses across Europe, owned and run by the Spanish golf, leisure and property group, situated in the Murcia region in Spain.

This new partnership means that Nike Golf apparel and equipment will be almost exclusively stocked in the pro shops at each of the six venues, every one being fitted out with Nike Golf branded retail fixtures and point of sale materials. In addition to the retail element of the partnership, all staff will sport Nike Golf apparel and footwear and the facilities at all of the golf courses will be branded with the iconic Nike Swoosh logo.

"This is a major partnership for IRM," said Enrique Herrero, CEO of IRM. "We are focused on growing the business and are excited about working so closely with one of the biggest brands in the world."

"It is vital for the future of Nike Golf to align the brand with like minded retail partners that believe in the products that we are bringing to the market and understand how we are influencing golf for the better globally," said Angus Moir, general manager Nike Golf EMEA. "We are looking forward to reaping the benefits of this partnership with IRM and, in turn, sharing with them all of the expertise that Nike, as a global brand, has to offer."

IRM Nike Golf Experience is a unique collection of six Jack Nicklaus designed golf courses dotted across the Murcia region of Spain. Each of the six courses offers a distinctly different challenge, from the demanding par 72 Mar Menor Golf to the Las Vegas influenced desert course of Saurines Golf, there is a course to suit everyone. 

These superb golf courses in combination with the luxury InterContinental Mar Menor & Spa Hotel, The Residences apartments and spa facilities, make Murcia one of the fastest growing and 'must visit' golf destinations in Europe.

 IRM Nike Golf Experience Courses: Mar Menor Golf, La Torre Golf, Saurines Golf, Hacienda Riquelme Golf, El Valle Golf & Alhama Signature.

For more inforemation click- http://golf.marmenorresort.com/en/golf


TOP FIVE BUYS

We have selected the following properties from our extensive portfolio as they offer great value and are ready to move into now so that you can enjoy the Murcia climate immediately.

El Valle Golf 3 Bed Frontline Villa 699950 Euros

Mar Menor Golf 3 bed villa overlooking orange groves 219950 Euros

La Torre Golf 2 bed apartment with stunning views. 89950 Euros

Modern Contemporary Villa in La Marina 299950 Euros

La Manga Club 4 Bed Villa 550,000 Euros

If the above are not what you are looking for send us a message with your property criteria and budget and we will forward you a shortlist of suitable properties . Contact us at sales@chersun.com

LA LIGA FOOTBALL SEASON STARTS THIS WEEKEND, IT WILL BE QUIET WITHOUT JOSE

The Spanish Football season starts this weekend with the La Liga likely to be contested by the two giants of world football, Real Madrid and Barcelona.

With the departure of the Special One Jose Mourinho to his beloved Chelsea the post match interviews with Jose will be sadly missed by the highly intense Spanish fans and media.

As an ex Pro Footballer myself the start of the season is when you are raring to go wanting to get the season off to a great start and to get the fans right behind you.

In Spain if the fans are not happy with the team or management they all get out their white hankies and start waving them in protest, in the UK fans normally protest by swearing and throwing the odd mince pie at you, different cultures.

It looks like Gareth Bale may be coming to Real Madrid in what would be the most expensive transfer in the world .My previous employers when I was a FIFA agent the Stellar Group who manage Gareth Bale will no doubt be rubbing their hands if the deal goes through.

Enjoy La Liga


THANKS OR TAKING THE TIME TO READ THIS MONTHS NEWSLETTER , IF YOU REQUIRE MORE INFORMATION ABOUT THE PROPERTY MARKET IN MURCIA DO NOT HESITATE TO CONTACT US AT sales@chersun.com


OR VISIT www.chersun.com FOR THE LARGEST PROPERTY PORTFOLIO TO SUIT YOUR BUDGET AND CRITERIA.