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international properties
Marbella’s New PGOU Plan Approved: More Land Available Then Ever Before
After many years of waiting the new Marbella PGOU Urban Plan was finally approved on Friday, 29th January 2010 by COTUA, the Andalucía Territorial Planning Commission.
Even though exceptions have had to be made in order to pass the new PGOU (Marbella PGOU, Marbella Urban Plan), the fact remains that there will never be a better time to buy land in and around Marbella or have the most choice of available plots of land that have now become legal under the new PGOU Urban Plan. With building regulations and order being brought back to Marbella, prospective buyers can now finally buy with confidence and knowledge, plots of land in Marbella whereby all information of what can be developed, what is the zoning, and is it legal can be all known upfront.
Coupled together with the recession, the PGOU has provided a rare opportunity for potential buyers by having a much wider selection of land available then before and at more competitive prices. In additional, local building contractors have seen a huge decline in their work, it certainly could be cheaper to build now, then ever before.
With Marbella being the jewel in the crown for the Costa del Sol, many other town councils all over the province have also been suffering from the town planning problems. With the passing of the new PGOU, other town councils, local governments and the people who call Marbella home and now looking at this jewel to lead the Costa del Sol out of recession
Exceptions have had to be made in order to pass the new PGOU, by excluding the 500 or so illegal properties which have been built on land that was destined for other uses, and the decision on whether to demolish these certain properties being left to the Courts. Included in this figure are the 297 homes in Banana Beach, 50 in Rio Real Golf, 30 in 30 in Torrevigía and another 50 in urbanisations outside the plan.
There will never be a better time to buy land in and around Marbella or have the most choice of available plots of land that have now become legal under the new PGOU Urban Plan. Coupled together with the recession, not only can you now buy a wider selection of choice land at more competitive prices, but local building contractors have seen a huge decline in their work, so it certainly will be cheaper to build now, then it was ever before.
Do you really want to buy an existing property, that are old, have damp problems, poor designs, old fashioned and in many cases need serious reform work done to them? Not only can you have what you want when it comes to choice location, design and functionality of your new villa in Marbella, but it will cost allot less to achieve your dream now then it did in the past or will do in the future. For more information on Marbella Land Specialists, Plots of Land Costa del Sol, Land for Sale Marbella, Spain
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Posted by freetraff Date: Thursday, February 18, 2010
Categories: international properties
Tags: Marbella PGOU
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Who Will Refinance All The Commercial Real Estate Debt
One of the questions I am hearing more of is “Who will refinance the commercial real estate debt?” This is not an idle question, as opposed to the residential real estate market, refinancing or rolling over debt is a big part of the commercial real estate business.
And with the falling values and lenders on [...]
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Who Will Refinance All The Commercial Real Estate Debt
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