Email of the day: Reservation Deposit

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Another interesting email sent to us from Mrs. E. Waltham of Leeds, UK:

Hello Golden Mile Group,
I have just bought a property in Mijas Pueblo in Spain and now ready to pay my down payment. The cost of the house is around €250,000 euros and I would like to give €5000 as a reservation fee. However, the real estate agents said that I need to pay more than that as a reservation deposit. Is that right? What is the normal percentage of deposit to reserve a property in Spain? Thank you and I am looking forward to your answer.
Regards,
Mrs. E. Waltham
Leeds

Golden Mile Group: To secure your chosen property, whether resale or off-plan, you will need to pay a reservation deposit which ensures it will be taken off the market. Normally the price is also fixed for an agreed amount of time, around 30 days. If you do not live in Spain, it is essential that you have access to funds to pay this reservation deposit while you are in the country viewing properties, either by cash or by credit card. The amount of a reservation deposit varies depending on the price of the property, but is normally somewhere between €3,000 and €12,000. When you pay the reservation deposit and you have secured your property, a reservation contract is signed both by yourself and the vendor.

To learn more about reservation deposit and contracts, click here.

An introduction to Marbella

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Marbella tourism is doing a great job promoting this amazing city!

Today,we  stumbled upon this fantastic video which introduces people around the world to the exciting sights, sounds and lifestyle that is uniquely Marbella. See the world renowned Puerto Banus, the charming old town and the breathtaking sea and landscapes.  And of course, learn why this city is Europe’s favorite holiday destination in Spain!


Browse our list of holiday rentals in Marbella, Spain!

Easter in Marbella, Hollywood Style

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Hollywood stars never think twice about jetsetting to Marbella on Easter holiday nor should you.  So this year pack your bag, head to Europe’s hottest destination and stay in our fantastic holiday villas, fit for the stars.


It is known that TV mogul Simon Cowell owns a property in Marbella but we are sure he will agree that this 5 bedroom, 5 bathroom villa has the X-Factor. This beautiful rustic style Villa in Guadalmina Baja is only a stones throw to the beach front. The property has a large garden with private pool, and garage space for 3 cars. It is walking distance to the Guadalmina Commercial Centre, where you can find shops, restaurants, bars, supermarkets etc. Ideal for a relaxing family holiday. Book this villa now!

Malaga’s very own, Antonio Banderas comes every Easter to his hometown to celebrate his faith by joining the procession and other related activities. If you want to see how he and the rest of the city celebrate Easter, spend a day or two in the Malaga centre while staying in this luxurious 4 bedroom, 3 bathroom villa in Nueva Andalucia, Marbella! Book this villa now!

See more of our star studded short term rental properties in Marbella, Spain!

Bollywood movie propels massive tourism to Spain this Summer

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Spain is still India’s favorite holiday destination six months after the release of Bollywood film, Zindagi Na Milegi Dobara, which has been shot in different parts of the country.

According to travel agents and tour operators, there has been an over 20 per cent of increase in bookings to Spain this summer because of the popularity of the movie.

According to The Hindu Business Line,

Spain’s Ministry of Tourism recorded over 53,000 Indian arrivals showing a growth of 35 per cent in the first half of 2011. This year, Spain expects to receive more than 56 million global tourists.

“Spain is the big mover this year, thanks to its Tourism Board’s big investment in the Indian market and also because of the film, which has been extensively shot in that country,” said Mr Shravan Gupta, Managing Director, Travel Tours. “Thanks to the movie, our clients are even enquiring about the Tomatina festival and bull run.”

The success of the film also encouraged Spanish Tourism to give incentive benefits for future film productions showcasing the Spanish tourism potential.

Read the whole Business Line article here.

 Browse our list of holiday villas and apartments in Spain!

How can I determine if a home is the right one for my needs and is as advertised?

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Thank you so much to all of you who have been sending us your comments, inquiries and questions via our email, info@goldenmile.es. Please remember that we value and read all  your emails and we try our best to reply to them as quickly as possible.

Last week, we have come across some really good questions about homes, property rentals and sales and we would like to share it with you with of course, our answers to your queries.

Here is an example:

How can I determine if a home is the right one for my needs and is as advertised?

Golden Mile: We realize renting a holiday home seems less predictable than staying at another type of accommodation , but nearly 100% of vacationers rave about their vacation home rental experience. To help you make the right choice we apply an analysis and strict selection codes that will guarantee you a truly unique experience.

Renting through goldenmilegroup.com ensures you the savoir faire in conducting our business as dedicated hospitality specialist.

We have posted other similar questions in our website so if you have something to share with us or ask our team of experts, please do not hesitate to contact us through:

Golden Mile Residences S.L.

Avda. Julio Iglesias 12, Edificio Q, Puerto Banus, 29660, Marbella, Malaga, Spain

Telephone (1): 0034 609 582 929

Telephone (2): 0034 676 562 076

Fax: 0034 902 11 83 07

E-mail address: info@goldenmile.es

Keep your inquiries coming!