Statistics released in June 2015 by the Ministry of Public Works show that the property market is picking up right across Spain. Happily, sales rose by 4.4% in the first quarter of 2015 to reach a total of 85,130, the highest number since the first quarter of 2010. While the figures for the entire year from April 2014 to March 2015 show that the number of transactions has actually increased by 12.8%, which is a very healthy growth rate. When it comes to the type of properties sold, statistics show that resale properties still account for the largest chunk of the pie; indeed they make up 87.1% of Spain’s national property sales, which shows an increase of 8.8% on the first quarter of 2014. Sales to overseas buyers are still rising and most encouragingly, the total has increased by 17.2% on the first quarter of 2014. These sales also accounted for 25% of the total sales in January to March. To some extent, the holiday home market on the Costa del Sol is still affected by the adjustment of prices, according to property valuation company Tinsa. In its recent report ‘Vivienda en Costa 2015’, it states that prices in Spain’s coastal areas are increasing step by step and that the return of construction is boosting the market. Tinsa also highlights the fact that Marbella and Benahavís are improving at a faster pace than any other area along the Costa del Sol. Indeed, the figures for property sales in the first quarter of 2015 show that Marbella holds second place for the number of sales in coastal regions, just behind Torrevieja, which holds the top spot. Estepona and Mijas also feature in the top five sales spots, with Marbella showing a rise of 101% in the sale of new builds. As you can see from the figures, it is not just a rumour that Marbella is doing well for property sales and investment in property. We’d be delighted to show you some of the beautiful homes we have in our portfolio, so do drop in and talk to us about what you’re looking for.
Marbella Home Sales On the Rise