Marbella property market emerging from economic crisis

LAST UPDATED: 20 Oct, 2014 @ 08:43
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Marbella property market emerging from economic crisis

MARBELLA is having its best year since the crisis started, according to Mark Stucklin, of property information website Spanish Property Insight.

“There are many more buyers around, and confidence is definitely up,” he said. “But it’s still a price-driven market. People are very price-sensitive and we are not seeing a return to the boom years yet.”

He continued: “We are also beginning to see more developments being started in the area, which is a definite sign of increased confidence,” he added.

Property on the Golden Triangle of the Costa del sol 2014 is showing all the signs of an upturn in the market, according to Antoine Pellet, sales director for Marbella-based Private Property.

“This recovery has mainly been in Benahavis, Marbella and Estepona – known as the Golden Triangle – where foreigners make up 70% of buyers,” she said.

“The area stands out as the only location showing a turnaround in house prices.”

4 COMMENTS

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  1. You sound increasingly like someone who regularly posts on that website who is always talking the market up. As others are aware that site relies heavily on agents’ advertisements, in fact the site owner admits to earning most of his income that way. Not unbiased therefore.

  2. Spanish property insight is correct in the case of more buyers. But that do not mean that the prices are going up. The stock of unsold properties are still unimaginable . Correctly priced properties are now selling quickly. in any property market in the world the price is the key. If you want to sell and cant your property have the wrong price.

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