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Demand for Marbella’s prime location properties is outstripping supply, states a recent article in the Daily Telegraph, to those people familiar with this stunning location whether returning holidaymakers or owners it will not come as a surprise.
The international market place that exists aligned with Spain’s new golden visa program and the unwavering commitment from the Mayor of Marbella Angeles Munoz of restoring the locations reputation and profile is creating investor interest, so much so that the article also suggests Marbella is Spain’s fastest growing market place in terms of number of Marbella Villa sales at average costs of circa 4500euro to 6000euro plus per sq metre
The article also suggests that none other than George Clooney is said to have purchased a house in Marbella’s upmarket Sierra Blanca location last year.
At Your Place in Spain we have excellent portfolio of Marbella apartments & Marbella Villas from circa 65,000euro to in excess of 15 million euro visit us at www.yourplaceinspain.com see if your ideal place in Spain is there, we look forward to talking with you.
http://www.telegraph.co.uk/luxury/property-and-architecture/28282/marbella-rocks.html
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It is understood there are in excess of 50 new developments under way on the Costa Blanca, buoyed by the rise in the euro/sterling exchange rate the British buyer is in a “win win” scenario. Whilst there is still the ‘glut’ of resale’s and bank stock property available many of these new developments are by comparison small and in great locations with a competitive entry level from circa 98000 euro. (Plus purchase costs)
This activity is clearly a further indication of how the market is recovering aligned with UK recovery. International sales of Spanish property are surging and an increased demand from Spanish buyers possibly suggests the turn in prices certainly in the more desired locations could be soon heading up the way!
Information released by Spain’s National Statistics Institute show a 5.4% year on year rise for May 2014. The month saw 28,124 purchases of Spanish properties completed and this represented an increase on the previous month with a 12.6% more sales than in April.
New contemporary designs combined with new technology brings into play the question “should I buy a resale property or a brand new property?” A resale that may have an attractive guide price and is furnished but not necessarily in the best location, or a brand new property in a location with a view, coastal, mountain or golf, furnished by you for you.
We understand these properties could be mortgaged (subject to status).
Your Place in Spain will be bringing into its portfolio these new developments for buyers consideration to add to the currently over 3000 available properties.
For details on any of the properties in the portfolio please use the ‘Quick Query’ facility on the web site www.yourplaceinspain.com or take advantage of the ‘property finder service’ as highlighted on the site…..Talk to us today and get the ball moving, let’s make your dreams a reality together by finding you the perfect property in the perfect location.
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