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All Market News: Spanish Real Estate Intelligence

Les Rivages to Invest €12M in 55 Luxury Homes in Almuñécar

10 April 2019 - Eje Prime

The French property developer Les Rivages is planning to invest €12 million in the construction of 55 beachfront homes in Almuñécar (Granada). The building work will begin after the summer and the homes, which will each have between 2 and 3 bedrooms (one will have 4 bedrooms) and a terrace spanning between 30m2 and 40m2, are expected to be ready within less than a year.

This represents Les Rivages’s first venture outside of Estepona (Málaga) and the company specialising in luxury coastal second homes is reportedly planning more projects in the area.

The French firm made its Spanish debut in Estepona in 2015 with the construction of 12 luxury beachfront apartments in the Guadalobón area, which had sales prices of between €1 million and €1.3 million.

Original story: Eje Prime (by Marta Casado Pla)

Translation/Summary: Carmel Drake

 
Berkeley Assets Arrives in Spain by Opening its First Office in Marbella

10 April 2019 - Eje Prime

Berkeley Assets has just opened its first office in Spain, in Puerto Banús (Marbella). The investment fund, backed by capital in Dubai and London, also plans to open offices in Madrid and Barcelona by the end of the year.

The company will start by focusing its activity on Madrid, Barcelona and Málaga. It plans to raise funds and make substantial investments in the Spanish market, in its first venture outside of the UK and the USA.

Berkeley’s assets raised USD 112.8 million in 2018. The group’s portfolio includes properties in London, New York and Miami.

Original story: Eje Prime 

Translation/Summary: Carmel Drake

 
La Generalitat Withdraws its Housing Law Due to Lack of Support

9 April 2019 - Eje Prime

The Catalan government has decided to withdraw the decree law that it approved at the beginning of March containing urgent measures to improve access to housing.

The law was going to be put to the vote on Wednesday but in the end, the executive led by Quim Torra pulled the bill at the last minute due to a lack of support.

The plan is to present the law to the Parliament again following the elections on 26 May.

Original story: Eje Prime 

Translation/Summary: Carmel Drake