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.”