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Those of you who are already familiar with Puerto Banus will probably already know of the frontline Italian restaurant, Picasso. Serving a variety of pizzas, pasta dishes, salads and meat, this restaurant has been a thriving presence in Puerto Banus for several years.
Here we are in February, traditionally the quietest time for Costa del Sol tourism, and if you took a stroll around Puerto Banus at the weekend, you would have seen most restaurants struggling to attract diners through their doors – in fact, I noticed a few that were absolutely empty.
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I´ve joined a gym.
Not sure why, and not sure how long it will last, but right now, I am a fully paid up member of a gymnasium in Puerto Banus.
I think it must have something to do with my mid-life crisis – I must surely be due for one as I approach my 40th birthday in May! Or maybe it´s just that I ate far too much at Christmas, and need to lose a few kilos.
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Marbella and Puerto Banus have taken a bit of a battering lately – and I´m not just talking about the weather! Everybody seems to have had an opinion about the place…myself included!
It´s been a difficult winter here in Spain – the weather of course hasn’t helped, but as one of Europe´s leading real estate and tourist destinations, Marbella and Puerto Banus have suffered more than most from the devastating effects of the credit crunch, the global recession, and the reduced spending power of the Brits, its core target market. As previously reported here, expats have been going back to their homelands while businesses and those of us brave enough to remain have been feeling the pinch. Continue reading »
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I was sitting in a bar in Puerto Banus on Sunday afternoon, watching my football team, Everton, beating Aston Villa in the FA Cup. With about 20 minutes to go, a familiar looking guy in a red tracksuit walked into the bar, and asked the owner if he could bring some people inside.
Within the following 5 minutes, about 20 strapping young guys in similar attire walked into the bar. It turns out that the familiar chap was Michael Laudrup, ex Danish football superstar, and the other guys in tow were the Spartak Moscow football team, currently managed by Laudrup.
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During the last 7 years, Marbella has changed – now instead of that one bar at the bottom of the hill in Elviria, you can find another 6 or 7 just like it. We have designer boutiques, English hairdressers, a Waitrose supermarket, fancy restaurants – so many things that I could never have imagined would be on my doorstep.
And yet, I fear it will soon all change. Maybe not for the worse, but change is definitely on the horizon.
With the reduction in the number of Spanish property buyers and British tourists to the area, coupled with the mass exodus of the pseudo-wealthy expat population that dominated the real estate market at its peak, shopkeepers and restaurateurs on the Costa del Sol are in a state of panic. Continue reading »
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I came across some interesting comments from a highly experienced property agent on the Costa del Sol this week.
Discussing the locations that are likely to recover quickest after the recession is over, the agent (who has 25 years experience in the Costa del Sol property market) predicted that the first place to experience an upwards movement in property prices will be Puerto Banus, followed by the ´genuine´ Golden Mile (the coastal stretch between Marbella and Puerto Banus), followed by beachfront developments in the established coastal towns of Marbella, Fuengirola, San Pedro and Estepona (in that order). Continue reading »
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I have recently been working with a client from Holland – a terrific lady who has been keeping a very close eye on the Costa del Sol property market. Her requirements were fairly typical – a 2 bed apartment within a walk of Puerto Banus, nice specification, sea views, and a bargain.
Should be easy to find? You would think so. But the last bit is causing the problem – there may be plenty of nice 2 bed apartments with sea views near Puerto Banus, but there are no bargain properties in Puerto Banus with this description.
And the reason is that this sort of property tops the wish list of most of our clients. In other words, this type of property is in high demand. And as we all know, high demand means high prices. Continue reading »
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Puerto Banus may have its glamorous side, but you really shouldn´t expect to stumble across dried vomit and dog crap once you step out of Louis Vuitton with your thousand euro handbag.
Complaints about the state of the place have been rising in recent years, and things seemed to reach a head in the summer, when Puerto Banus resembled places such as Playa de Las Americas and Benidorm, albeit with some of the best designer shopping and motor yachts in the world!
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Every visitor to the Costa del Sol, every person who has taken a holiday in Marbella - one thing is for sure, they will all have heard of Puerto Banus, and most will have paid it a visit.
Puerto Banus is the Spanish version of Monte Carlo, it´s where all the rich and beautiful people hang out. It´s the jet-set marina of the southern Mediterranean. It´s full of multi-million dollar yachts, designer boutiques and plastic faces. It´s beautiful yet vulgar, picturesque yet pretentious, a real melting pot of people.
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As the Spanish people tend to attach more importance to their celebrations for Three Kings Day on January 6th (as opposed to Christmas on 25th December), the traditional ´New Year´ sales in the stores in Spain usually start on 7th January.
However, this year is different. Normally in Spain, whilst stores are allowed to have ´promotions´ at any time, they are only legally allowed to use the term ´rebajas´ or ´sales´ during dates that are specified by the government.
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