Property in Marbella
-
-
-
-
-
-
-
News
03-11-2016 Costa del Sol hotels to make big investments over winter months
Months of record-breaking tourist numbers have encouraged additional investment in the hotel industry on the Costa del Sol, with 27 companies looking to spend a total of €56 million to improve their establishments over the coming winter months.
03-11-2016 Festival of Flamenco raises the temperature in Marbella
FOR tourists and in many cases expatriate residents, the only real knowledge that they have of Flamenco is what they see on TV, presentations in tourist restaurants and performances at Ferias.
16-09-2015 Luxury golf resort to open in Benahavis
The Westin La Quinta Golf & Spa Resort is due to open in March 2016 as part of a collaboration with Starwood Hotels & Resorts Worldwide.
|
Building blocks of recovery evident in Marbella
MARBELLA is leading the way out of the financial crisis, as data shows it to be streaks ahead of other towns in Andalucia.
And nowhere is the town’s rapid recovery more evident than in its thriving property market.
Indeed, property sales in Marbella last year were more than three times that of any of the region’s main cities, with 21.9 sales per 1,000 inhabitants.
In comparison, Sevilla saw sales of just 6.75 per 1,000 inhabitants.
As well as booming second-hand sales, there has been a dramatic rise of requested building permits, leaping from 1,660 to 2,539 in the past four years.
Boss of local accountancy and legal firm Fideso, Douglas Goullet has seen some spectacular growth this year so far.
“In terms of property sales I reckon we have seen up to 30% growth this year,” he explains. “Marbella is really coming back and I reckon in a year’s time it will be nicely consolidated and money will start trickling down to the man on the street.”
The Bolivian, who grew up in Marbella attending EIC school, gave a development in the Sierra Blanca as an example of how fast the market is moving.
“Of the 40 units being built, 80% of them have been pre-sold and each of them costs from one million upwards.”
|
|