Marbella property market continues to prosper

Publication: 2 Aug. 2018
Share:
Back to Blog

Marbella is among Spain’s top destinations for overseas buyers according to data from Tinsa and other organisations. The statistics show that the growth in the Marbella property market is not just a rumour being spread by the coast’s real estate agents; it is a verifiable fact.

Leading Spanish newspaper, El Pais, has been highlighting the growth in the holiday property market across Spain in recent weeks, and as Pedro Soria, Tinsa’s commercial director, told El Pais, “Areas with clear signs of recovery in the holiday home market are the Balearics, Canaries, Costa del Sol, North Alicante and the Maresme on the Barcelona coast.”

Tinsa’s commercial director also pointed out that price rises are keeping in step with demand, and the Málaga region, which includes Marbella of course, is one of the areas with the highest price growth. He also mentioned the fact that within the region, Marbella and Estepona are the two municipalities with the largest positive change in the number of properties being purchased, especially among overseas buyers looking for a second home in the sun.

According to property portal pisos.com, property prices on the Costa del Sol have risen by an average of 9.29% over the past year. This is quite a significant increase, and it has worried some who fear returning to the situation prior to the recession, when Marbella property prices were at an all-time high only to come crashing down. However, Tinsa argues that while Marbella is experiencing an upturn in property values, it is important to remember that current prices are still 46% lower than in 2007.

The Marbella market has been stimulated this year in particular by the return of accepted urban planning laws in 2017, when the revised 1986 Urban Plan was finally voted in. The absence of an urban planning law for almost two years had left developers in limbo, but since the new law was passed we have seen a healthy growth in developers being granted licences for new residential projects.

What we are experiencing now is healthy market growth in Marbella, which shows every sign of being sustainable for some time into the future. And with prices rising at a steady pace, now rather than later is clearly the time to buy a property in Marbella.

Related Properties

Elegant newly built villa in Estepona with fabulous golf views

New construction of a superb contemporary 3 bedroom and 3 bathroom villa, located in Estepona in Valle Romano's private and secure golf complex, breathtaking panoramic views to...

  • Ref: MH3002
  • 650.000 €
  • 3 bedrooms
  • 3 baths
More
Brand new off plan project of contemporary townhouses in Cabopino - Mijas Costa

Fantastic new off plant project of luxurious ultra contemporary townhouses superbly integrated in a residential complex on 1st line golf in the highly sought after residential...

  • Ref: MH2966
  • 750.000 €
  • 3 bedrooms
  • 3 baths
More
Luxurious and modern residential project in Los Arqueros Golf - Benahavis

New high-end project for the construction of 24 contemporary luxury apartments in Benahavis, one of the most exclusive areas of Marbella, in an exceptional natural setting just...

  • Ref: MH2958
  • 773.000 €
  • 3 bedrooms
  • 2 baths
More
Exclusive new build Residence - 4 bedroom penthouses in Benahavis

New exclusive development of luxury apartments and contemporary penthouses of 2, 3 and 4 bedrooms located in the popular residential area of ​​Benahavis in a private and secure...

  • Ref: MH3041
  • 905.000 €
  • 4 bedrooms
  • 3 baths
More
Exclusive residence of 6 luxury semi-detached houses in Cabopino

Upscale realization of 6 luxurious contemporary semi-detached townhouses with 3 bedrooms and 2 bathrooms, superbly located in the private and secure 24-hour complex of Cabopino...

  • Ref: MH3005
  • 935.000 €
  • 4 bedrooms
  • 4 baths
More
Exclusive newly built residence with 3 bedrooms and private pool on the Golden Mile - Marbella

New ultra residential development of 34 luxurious apartments and penthouses "superbly located close to the beach, in a private and secure complex in the most exclusive...

  • Ref: MH2916
  • 1.250.000 €
  • 3 bedrooms
  • 2 baths
More
New contemporary villa for sale in Guadalmina Baja

Luxurious new villa project with an ultra contemporary architecture located in Guadalmina Baja / Marbella, one of the most residential areas of the Costa del Sol -Livrable...

  • Ref: MH2889
  • 4.200.000 €
  • 6 bedrooms
  • 7 baths
More
New realization of a luxurious villa in La Zagaleta

New realization of a luxurious villa, exceptional by its ultra contemporary and sophisticated architecture, its high quality services, and the panoramic views to Gibraltar and...

  • Ref: MH2730
  • 8.900.000 €
  • 7 bedrooms
  • 7 baths
More