The global real estate agency brand Fine & Country organised in Barcelona’s Liceu the 14th of June 2017 and the following day in Marbella at Hotel el Fuerte presentations made on subjects like Brexit, and the Spanish Golden Visa scheme. In that presentation there were many factors that Antonio Caracuel, CEO at Caracuel Abogados with offices in Marbella, Barcelona, and Valencia – pointed at his ‘Golden Visa’ scheme, and pointed out that Barcelona is the most popular destination for Golden Visa investors by a wide margin at the moment. Getting the Golden Visa the investors and clients will get the Spanish Residence but also they will be able to travel any of the 26 Schengen Countries. Schengen Countries Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland (not a European Union Member State), Italy, Latvia, Liechtenstein (not a European Union Member State), Lithuania, Luxembourg, Malta, Netherlands, Norway (not a European Union Member State), Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Swiss (not a European Union Member State). Antonio Caracuel exposed the number of Golden Visas Applications between 2013 and 2016. A total of 2093 properties were sold applying for the Golden Visa. Properties Sold with Golden Visa Application (2.013 - 2.016) Alicante 151 Barcelona 893 Gerona 91 Madrid 306 Malaga 348 Valencia 77 Rest of Spain 227 TOTAL 2.093 Percentage Properties Sold between 2013-2016 with Golden Visa Application

Britain´s vote to leave in the Brexit referendum last June, opting to quit the 28 nations European Union in an historic move. However, the actual consequences of this decision are not as drastic as the media, always prone to a flashy headline, have stated during the weeks after the referendum. Firstly, there will be no imminent effects after the Brexit – only when Article 50 of the EU Treaty is activated Britain would have officially have notified the European Union of its departure. This process will start by early 2017. Then the precise discussions and an approximately two-year separation process are set into motion, resulting in the final and eventual split. This means that any tangible or actual consequences will start, at least, two years from the date of the referendum. Secondly, and as politicians in both side of the Channel have reminded abundantly, those with long term acquired rights (second nationality, residence, accumulated pensions and social benefits, etc.) cannot be deprived of same.

Date €/m² Variation sep 2016 1.662,0 -0,7% aug 2016 1.673,0 +1,0% jul 2016 1.656,0 -0,1% jun 2016 1.657,0 +1,5% may 2016 1.632,0 -0,9% apr 2016 1.646,0 +1,0% mar 2016 1.630,0 -0,2% feb 2016 1.633,0 -0,2% jan 2016 1.637,0 -0,1% dec 2015 1.639,0 -0,8% nov 2015 1.652,5 +0,4% oct 2015 1.645,8 +0,3% sep 2015 1.641,3 +0,9% aug 2015 1.626,6 +0,3% jul 2015 1.622,4 -0,0% jun 2015 1.623,1 +1,8% may 2015 1.594,5 +0,3% apr 2015 1.589,4 -0,3% mar 2015 1.594,4 +0,3% feb 2015 1.590,0 +0,7% jan 2015 1.579,4 +1,3% dec 2014 1.558,8 -0,3% nov 2014 1.563,2 -0,5% oct 2014 1.571,6 +0,3% sep 2014 1.566,8 +0,1% aug 2014 1.565,2 -0,6% jul 2014 1.574,5 -0,4% jun 2014 1.581,0 -1,6% may 2014 1.606,5 -1,3% apr 2014 1.627,0 -1,5% mar 2014 1.652,5 +3,8% feb 2014 1.591,3 -4,2% jan 2014 1.661,7 +1,2% dec 2013 1.641,7 -0,7% nov 2013 1.653,4 -2,6% oct 2013 1.697,0 -2,5% sep 2013 1.740,3 +0,4% aug 2013 1.733,7 -0,2% jul 2013 1.737,9 -0,7% jun 2013 1.749,3 +0,3% may 2013 1.743,6 -0,8% apr 2013 1.757,7 -0,2% mar 2013 1.761,7 -0,5% feb 2013 1.770,1 -1,7% jan 2013 1.801,3 -0,7% dec 2012 1.813,5 -0,4% nov 2012 1.820,8 -0,8% oct 2012 1.835,7 -0,4% sep 2012 1.843,4 +0,5% aug 2012 1.834,1 -0,7% jul 2012 1.846,6 -1,0% jun 2012 1.864,7 -0,3% may 2012 1.871,0 -1,2% apr 2012 1.894,6 -0,9% mar 2012 1.912,3 -0,5% feb 2012 1.922,4 -1,0% jan 2012 1.941,9 -1,4% dec 2011 1.969,4 -0,5% nov 2011 1.978,4 -0,5% oct 2011 1.989,3 -1,6% sep 2011 2.021,1 -0,7%…

The property market in the Costa del Sol and in particular in the towns of Marbella, Estepona, Benahavis and Ojen enjoys very good health and is back to confirm that the number of closed transactions in the municipalities the first quarter of 2016 has risen over the same period in 2015. The Total Number of Housing Real Estate Transactions in these municipalities in recent years are: 2.007 2.00 8 2.009 2.010 2.011 2.012 2.013 2.014 2.015 2.016* Marbella 3.568 2.116 2.199 2.389 2.259 2.519 3.106 3.982 4.435 2.082* Estepona 2.581 1.721 1.086 1.154 1.248 1.490 1.669 2.109 2.054 1.165* Benahavis 633 438 559 422 311 593 532 708 743 365* Ojen 253 184 93 63 88 95 122 109 193 84* TOTAL 7.035 4.459 3.937 4.028 3.906 4.697 5.429 6.908 7.425 3.696* * Sales in the first and second quarters of 2016. Source Ministerio de Fomento.

We have prepared a table with average prices of villas, apartment and plots in areas of Marbella and Benahavis. The price, must take into account that in one area the price can vary widely, such as in the Golden Mile where there are very luxurious developments along with others that are less so. Zona Villa Apartament Plot Nueva Andalucia Las Brisas - Los Naranjos - Aloha 3210 €/m2 2582 €/m2 355 €/m2 Nueva Andalucía 2581 €/m2 2340 €/m2 480 €/m2 Altos del Rodeo 1869 €/m2 1813 €/m2 274 €/m2 Puerto Banús Puerto Banus 3700 €/m2 4481 €/m2 777 €/m2 Marbella Milla de Oro 3185 €/m2 3386 €/m2 363 €/m2 Nagüeles Alto 2587 €/m2 3085 €/m2 644 €/m2 Sierra Blanca 4386 €/m2 3505 €/m2 685 €/m2 San Pedro Nueva Alcántara 2885 €/m2 3115 €/m2 Guadalmina 2918 €/m2 2039 €/m2 583 €/m2 La Quinta 3392 €/m2 2295 €/m2 473 €/m2 Benahavis La Zagaleta - El Madroñal 4868 €/m2 2232 €/m2 Los Arqueros 3454 €/m2 2501 €/m2 212 €/m2 Monte Mayor - Marbella Club 3320 €/m2 El Paraiso - Atalaya Golf 2687 €/m2 2532 €/m2 249 €/m2 Los Flamingos 3782 €/m2 1967 €/m2

Things are now back on the up in the Spanish market, with great bargains and high rental yields on offer to savvy buyers looking for a place in the sun. Spain is one of the most popular holiday destinations for people around the globe. It has a particular fascination for other Europeans, in particular the French and the English. It is not difficult to work out why so many people choose to flock there every year. Gorgeous sun, glorious little towns and famously beautiful people make it a hot destination for just about anyone. But in terms of property investment, you can’t really say much fairer. Known for many years for its ludicrously cheap apartments and villas, nothing has changed on this front. If it’s cheap and cheerful you want, Spain is the one to go for. There are many reasons why Spain has returned to the top of the list for British home buyers and investors over the last twelve months. Here’s some of the best. Climate Spain is the perfect place to rid yourself of those winter blues, with over 300 days of sun each year. If you’re looking for a relaxed pace of life away from the hustle and bustle, look no further. Tip: While in the north and north west of Spain can see substantial rainfall, in the southern regions have a great winter climate but can be hot in the summer. Cost Despite the recent upturn, house prices in Spain remain well…