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The Valley Of Happiness

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One of the greatest draws of Andalucia is its geographical position. Apart from the obvious attractions of the heat and the sunshine, it also offers access to mountains (the Sierra Nevada) and the Mediterranean. And, if you want to find a property that is well situated to make the most of both of those, then it might be worth considering the Lecrin Valley.

Located south of Granada, and about 30 minutes north of the coast, it gets just as much sunshine in the summer as the rest of the region but, thanks to its position at the foot of the sierras, it also gets lovely cooling breezes. The name of the valley apparently derives from the Arabic word for ‘gateway’ but, according to some websites and locals ‘el Valle de Lecrin’ means ‘Valley of Happiness’ and that seems more apt. Sunny, yet not too hot, peaceful, yet well connected, rich in agriculture and wildlife, it is a perfect place for either a permanent retreat or a holiday home. And, thanks to being slightly less well known, it tends to be cheaper than the Alpujarra. 

At the bottom of the valley, you will find Lake Beznar, a man-made reservoir which looks like a natural lake (apart from the dam!). At 170 hectares, its turquoise waters can be seen from miles around and, if you don’t want to head to the coast, here you can swim, fish and go out on a (non-motorised) boat.

Famous for citrus and almonds, one of the best times to explore this area is when their blossom appears, usually at the end of January for almonds and April for citrus. Early autumn is also very beautiful and, since it is not as hot as the summer, it lends itself to enjoying this countryside through walking, cycling and horse-riding.

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City of the Pomegranate - True or False?

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Granada is the city of the pomegranate…or is it?

It is pomegranate season in the northern hemisphere and, if you have spent any time in Granada, you will soon realise that this slightly grumpy-looking fruit is very much part of the city’s heritage.

Look at some of the beautiful painted pottery, and you will see a pomegranate is the main motif; look down and you’ll see pavement bollards are decorated with them, look up and you’ll see them hanging from the trees, especially in the Albaicín. Why? Because the city was thought to have been renamed after the fruit during the Moorish period and, now, it is Granada’s heraldic device (i.e. part of its coat of arms). 

However, the origins of where Granada gets its name from are in fact not quite so straightforward. The word ‘pomegranate’ in English is said to derive from medieval Latin, from the words for apple and seeded and in old French the fruit was known as the ‘pomme-grenade’ but the name of the city doesn’t derive from ‘grenade’ at all but from the Arabic word Garnata, which is said to mean ‘Hill of Strangers’. The original settlement was on the plain and therefore difficult to protect, so in the 11th century, the Berber ruler moved his home to one of the hills beside the Darro and the city that we now know was born. So, though the fruit is a wondrous image to have at the heart of a city’s identity, it is not the heart of its name!

 

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The Spanish Property Market Is Heating Up

 

According to Spain's Institute of National Statistics (INE) the year on year price increase in the first quarter of 2016 is the highest since 2007. See graph above. The average price of a resale property was 6.4% higher than the same period in 2015. And the rate of increase is accelerating.

Also on the up are property sales. See graph above. In the month of April 2016 there were 35.199 transactions according to the INE of which 28.028 were resales. This is the highest figure this year, 29% above the same month last year and is also the highest number of monthly sales since February 2013.

We have been saying for some months that prices have bottomed out and are on the rise. We have had three vendors increase their prices recently - the first time that has happened since 2007.

Don't wait. Call us now if you are thinking of buying. 0034 958 227735.

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How Much Cash Can I Legally Carry?

In a recent legislative amendment the national government has empowered local authorities to reduce the amount of IBI payable according to the energy efficiency of a property. There is a sliding scale of reductions ranging from 4% for a class E property to 20 % for a class A property. But don’t get too excited. Firstly, of all of the properties we have sold since the requirement for a certificate came into effect in June 2013 only one has achieved a D rating. The remainder have all been F to G. Country properties are likely to remain so. Secondly, the legislation AUTHORISES local authorities to offer this reduction. It does not OBLIGE them to do so. It is entirely discretionary. Given that every local authority is desperate for cash, this move seems like political gesturing.

 

Author: Allan Hilder

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