Gibraltar Properties - Costa Del Sol Properties - Costa De La Luz Properties - Morocco Properties - Portugal Properties 20th October 2018 
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Buyer Beware!
Alleged fraudulent sale of
Finca la Granja Porcina
123 Property News regularly warns that property buyers in Spain should be extremely careful that they are buying properly constructed and registered homes through reputable estate agents and using registered and established legal professionals. Despite these warnings, unfortunate purchasers all too often get taken to the cleaners and find that they have 'bought' property from people who had no legal title to it.

So we're sorry to tell you that yet another variation of a potentially fraudulent sale of prospective building land has been brought to our attention by land developers Pickertrap Overseas S.A. Pickertrap, who are the sole owners of an extensive land holding known as La Granja Porcina, situated to the north of Marbella between Urbanisation El Rosario and Marbella Golf Club, allege that they have recently been the victims of an attempted fraud, in which their property was sold on to a development company by a grouping which had formerly held a cancelled power of attorney for Pickertrap Overseas S.A.

Pickertrap Overseas S.A. have now instituted criminal action for fraud against Jose Maria Puchades Alfonso, Puylar S.L., Jose Luis Civera Trachiner, Vicente Ripoll Estors and Anada Terrenos S.L., who Pickertrap Overseas S.A. allege made use of the revoked power of attorney by pretending to execute a deed of sale in favour of the company Monteros Paradise S.L., whose shareholders are Jose Avila Rojas, Manuel Reina Ruiz and Rafael Pascual Albero, representing Inversiones Serpis S.L. Pickertrap Overseas S.A. continue to insist that they are the legally recognised owners of this plot of land, and we therefore advise the general public and the property industry that they should refrain from entering any discussions or negotiations regarding this piece of land unless those issues have been legally clarified.

Call for more golf courses
In anticipation of ever-growing numbers of visitors to the Costa del Sol, the Association of Andalucian Residential Tourism and Sports Developers has called for at least 20 new golf courses to be established, to join the more than 60 courses already in existence in the southern part of Malaga province. They are convinced that the new courses are necessary to satisfy the demand for more golfing facilities for both residents and tourists. To counter arguments that golf courses place great demands on the water supply, the Association points out that many courses use recycled water for irrigation, and that in any case no more water is used than if the land was in agricultural use, with profits being much greater through golf rather than agricultural use, thereby helping the region's economy.

Holiday home market still healthy
Promoters and builders of holiday homes in Spain are anticipating continuing interest from foreign buyers over the coming year. The Live in Spain Association, an organisation for the industry's professionals, expects over 100,000 foreigners to buy holiday homes in Spain this year, mainly in the Costa del Sol and Costa Blanca. The main buyers are UK citizens, followed by Germans, French and Scandinavians.

Show house opens
San Roque Golf Resort has opened a show house to give prospective buyers an idea of the levels of luxury and comfort available to residents in the development. The show house has furnishings from Armani Casa/Fendi, a Siematic kitchen with Siemens appliances and Bang & Olufsen audio systems. Open from 10 am to 8 pm, seven days a week, it is typical of the fast selling properties being constructed in the golf resort.

With its two championship golf courses, together with a host of other amenities, not least its magnificent setting and marvellous views, San Roque Golf Resort is attracting lots of attention, and seeing the luxurious show house is certain to convince many viewers to buy property in this development, which is located near km 127 of the N-340.

Big construction project for Antequera
The drift away from the coast has been given further emphasis, with the news that a major real estate promoter based in Hong Kong is to invest 120 million Euros in a large residential construction project in Antequera.

Nearly 2000 homes are to be built in an area to the northwest of the town which is at present a finca. The construction project will begin as soon as the process of reclassifying the land as residential is completed.

Axarquia land worries
The Junta de Andalucia is anxious about agricultural land in the Axarquia region being bought by developers and used for residential purposes, reducing the amount of land under cultivation. More than 500 hectares of farmland have been purchased recently for development purposes, mainly by foreign investors. The increase in land values has led local farmers to sell off their land and retire on the proceeds.

In an effort to reverse this trend, the Junta has announced plans to encourage the cultivation of traditional products by either the new owners or their employees.

Junta looks into building projects
The Junta de Andalucia are becoming concerned at the number of town planning and construction problems arising lately in the region, particularly along the Costa del Sol. The Junta have set up a working committee to study planning difficulties and deviations from the area's general development plan to ascertain whether corruption was involved in some of the more dubious developments permitted in recent years. It is feared that 'black' money may have been involved, both in obtaining permission for the developments and in financing the building work.

British Airways to sponsor Homes Overseas awards
British Airways franchise partner GB Airways is to sponsor the prestigious Homes Overseas awards scheme, along with The Daily Telegraph and financial experts Moneycorp. Focusing on overseas second homes and retirement homes, entrants to the award will face judging by a panel of over 50 independent property experts, including chartered surveyors, architects, property journalists and technical experts. The award ceremony will be held on January 20th, 2004, and full details can be obtained from the website,

Don Piso opens new inland office
With interest increasingly switching from the coast to more affordable inland properties, estate agents arent far behind! Accordingly, Don Piso Estate Agents, a subsidiary of the giant construction group Ferrovial, have recently opened a new branch office in Alhaurin de la Torre. Located not far from Malaga, Alhaurin de la Torre and its sister village Alhaurin El Grande have seen an expanding expatriate population, to add to the many native families who have made their home in this convenient area. Don Piso, with more than 250 offices throughout Spain, picked Alhaurin de la Torre as an ideal spot to continue their expansion.

RLS expand their services
RLS, the Gibraltar-based property agents and developers, are offering a new service to their clients - a specialist villa construction division. RLS have found that many of their customers cannot find the exact home that they want in Alcaidesa or Sotogrande at the right price, despite RLS having a large selection of properties on their books. With this in mind, RLS decided that the only thing to do was to establish their own villa construction division, which will design and build a home to the client's ideas, instructions and budget.

RLS's new division will deal with all aspects of the construction, from design, through project management, to handing over the finished product to the satisfied customer. The company has various plots of land available in Alcaidesa, Sotogrande and surroundings.

UK house price falls predicted
Top city analysts in the UK are predicting further falls in house prices in Britain due to a widening gap in the property price to salary ratio. Historically, the ideal price to salary ratio is 3, whereas the average ratio has been over 5 recently, reaching a ratio of 5.2 mid-year.

Capital Economics, run by famed economist Roger Bootle, has pointed out that the last time the ratio was over 5, 1989, preceded a dramatic house price crash in the UK. However, rather than an immediate slump in prices, Capital Economics property market experts foresee a gradual slowdown, leading to a more acceptable ratio. However, other experts, notably at Nationwide, have argued that while prices may be softer than in recent years, different economic conditions than in 1989, such as lower mortgage interest rates and lower unemployment, will prevent house prices falling too far.

Manchester air link for Gibraltar
Gibraltar Airport will shortly have a new service to Manchester, to add to flights from the Rock to Gatwick and Luton. From November 3rd, low-cost carriers Monarch are to operate thrice-weekly services to and from Gibraltar, using a 180-seater Airbus A320.

The news of the Manchester link has been welcomed by Gibraltar's Tourism Minister, Joe Holliday, who expects that the link will provide great benefits for both the tourism and the local markets.

H2O sends ripples across the water...
The H2O Countrywide team, from the Costa del Sol's newest estate agents, have just held their first UK exhibition tour, taking in over eight different destinations. The tour featured a state of the art display, designed to give potential clients a realistic feel about purchasing in Spain; it also aimed to put the client at ease with the company. Visitor feed back was positive and comments on the Client Information sheet ranged from Its reassuring to deal with a major UK company when buying a property in Spain” to Its good to see a professional sales approach, unlike what I recently experienced just last week in Bath”.

Representative office established
Buoyed by the success of their telephone and web-based real estate office, Peter Mitry and Sheldon Grossmith of Coast to Coast Properties SL have decided to open a representative office in Sabinillas.

With no advertising or exhibitions and through personal contacts and referrals, Peter and Sheldon have managed to sell many millions of Euros worth of residential property along the coast and inland. The duos philosophy is based on individual attention to each client, and with a policy of really listening to the prospective purchaser and no high-pressure sales talk, their technique has proved successful, most new clients having come to them through personal referrals from satisfied homebuyers. They also offer help in finding bilingual lawyers and other services, as well as property management services. Coast to Coast can be contacted from mid-July at their new office, Avenida de Manilva s/n, 29692 Sabinillas. .

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