02:13 PM · Comments Off on Have property prices in Marbella stabilized? · Categories: News from Marbella Costa del Sol · Tags: , ,

After a price drop of up to 40% since the start of the crisis, the housing market could begin to stabilise and even rebound, with the arrival of international investors keen to buy property in Spain, according to information provided by the private wealth management Inverbanca, the company said, “this is the beginning of a slow economic recovery and on a European level and in particular on a Spanish level” which could mark the turning point that would start the new path to higher priced housing.

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Have property prices stabilized in Marbella?

Inverbanca data points out that although in many areas of Spain the value of the property is falling there are places where the price per square meter has stabilized, as is the case of Marbella on the Costa del Sol, with a price of 5,250 euros per square metre, in fact in some of these areas prices have even begun to rise slowly, as in Burgos and Soria with increases of 4.1% and 5%, respectively.

In addition, the company added that in recent months it has seen an increase of foreign investors interested in investing in equity income, ” which predicts an improvement for the Spanish real estate sector and gradually begins to see signs of appreciation in the housing market in certain areas”

 

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