Demand for property in Marbella
Marbella – it is synonymous with luxury, sunshine and an enviable Mediterranean lifestyle that allows locals to spend much of the year outdoors topping up their tan. So it’s no surprise then that this cosmopolitan town remains as fashionable and in demand as ever. You’re probably asking what’s so special about Marbella, and the truth is it’s an eclectic mix of many different factors that have turned this once sleepy little fishing village into one of the most desirable places to live in the world. On the one hand, Marbella offers an unbeatable climate – more than 300 days of sunshine annually means polo shirts, shorts and summer dresses are suitable attire for much of the year. Then of course there are the renowned golf courses; it’s a badly kept secret that Marbella has one of the highest concentrations of greens anywhere in the world and boasts its very own ‘Golf Valley’ in Nueva Andalucía. That’s before you’ve even mentioned the historic old town, the hedonistic paradise of Puerto Banús, the raved about restaurants, bars and beach clubs, art galleries, the beach promenade and the stunning coastline that affords views of Morocco, Gibraltar and the sparkling Mediterranean Sea. However, recently there’s been even more to smile about as economic observers have noted rising tourism numbers and a revitalised property sector. A continuing rise in property sales has been recorded in and around Marbella since 2012, attributed in large part to well-informed buyers attracted by property prices that are at 2004 levels – not to mention historically low interest rates. In addition, the town’s small stock of surplus properties is now being snapped up, resulting in construction work returning to Marbella. Those in the know are therefore predicting that prices will begin to rise gradually from the end of this year – prompting many to invest at the beginning of this new growth cycle before they miss out on an opportunity that comes around only every so often. Although it looks unlikely that we’ll see a return to the headiest boom years (which is not a bad thing), things are definitely looking up for Marbella and there is a renewed sense of optimism and excitement in a town with a new spring in its step.
