Marbella property forecast 2017.
If Marbella purred on nicely in spite of sometimes testing national and international factors during 2016, in 2017 the indicators are looking decidedly more positive, boding well for the Marbella property market. In 2016 tourism continued to break records in terms of visits, hotel occupation and overall spending, while the equally vital real estate and construction sectors also registered good results. The fact that Marbella and the Costa del Sol continued to grow so strongly is doubly impressive given the challenging external factors that affected large parts of the world this past year. Situations such as Brexit and the fact that for much of the year Spain was officially without a newly-elected government would test even the strongest of economies. But though there was an understandable slow-down in sales to British homebuyers after the referendum result that will take the UK out of the European Union by 2019, overall tourism and the property sector continued to perform well. This is partly due to the fact that Marbella appeals to a very broad range of visitors and buyers from across Europe, Russia and the Middle East. “Scandinavian, Belgian and Dutch buyers are particularly fond of the modern off-plan properties for sale in Marbella now,” says Altavista Property CEO, Michael Liggan, who confirms that while resale homes continue to be popular it is the contemporary newly-built Marbella apartments and villas that are most strongly in demand. Looking forward to 2017 This trend is set to continue in 2017, with new projects such as the stylish modern Marbella apartments in Bel Air, this exclusive new apartment complex in Cancelada and the contemporary architectural El Paraiso apartments and penthouses near Atalaya Golf continuing the success of La Finca de Marbella and La Montesa de Marbella. “These off-plan properties with modern styling, open-plan interiors and up-to-the-minute luxuries are what our buyers are really looking for now,” says Michael Liggan. avs01133-apartments-penthouses-05-webIn 2017 the demand for such homes will remain strong, stimulated by exciting new developments such as these luxurious new Nueva Andalucia apartments and these modern off-plan properties in La Cala de Mijas. The decline in British buyers has been very moderate so far and more than offset by the strength of demand from other parts of Europe, and the resurgence of the Russian and Middle Eastern markets. A truly positive note is the continued strength of the Spanish economy, which once again belongs to the fastest-growing in Europe. In 2017 it will be further bolstered by the fact that there is now a coalition government in place that will be adding public investment to the buoyant private sector. “The domestic market is showing renewed vigour, so overall the outlook for 2017 is much more positive than it was coming into 2016.” Altavista Property is the leading Marbella new property specialist with the broadest range of quality off-plan apartments and villas on the Costa del Sol. Please get in touch with us if you would like more information about fantastic lifestyle and investment opportunities in Marbella.
