12:20 PM · Comments Off on Leading the way for Property Recovery Costa del Sol · Categories: New developments Marbella, News from Marbella Costa del Sol · Tags: , , , ,

Studies has shown evidence that there has been a considerable increase in property prices between Marbella and Manilva. New off-plan developments have reached their rock bottom prices and are now showing a rise due to foreign demand.

2 areas in Spain are showing concrete signs of recovery, Costa Blanca and Costa del Sol. This study gathered information from sixty costal regions of Southern Spain and showed due to financial institutions lowering property prices that housing was now selling faster.

Things are still premature in respect of the Spanish construction industry but areas in the Costa del Sol and Costa Blanca are giving very positive signs. Developments in the Estepona and Marbella area, which have been built for the foreign market are building great interest.

The general view is that property prices are now slowing down but this only seems to be in some  areas of Southern Spain where tourism is high. For example prices on the Costa del Sol have dropped to their lowest to about 1.1%  in the first quarter of 2013 & 2014.

Predictions are that sales could increase as much as 25% this year in Marbella due to demand by foreign buyers.

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