Marbella leads Spanish property market recovery, with sales up 28% in the past year
- Property transactions in Marbella up by 28% (National Statistics Institute)
- City’s longest established real estate agency, Panorama, celebrates 45th anniversary
- Marbella sales increasing faster than any other area (Ministry of Development)
Newly released figures from the Spanish National Statistics Institute have shown that the exclusive Costa del Sol resort of Marbella is leading the country’s property market recovery, with sales increasing by 28% in 2014. The increase means that property sales in Marbella are now 12% higher than their 2007 peak. In fact, figures from the Ministry of Development show that sales in Marbella have increased faster than in any other city over the last year.
The new figures mark the third year of growth for Marbella, delighting the city’s property sector professionals, workers and business owners in this quality resort area, and leaving the crisis firmly behind. Christopher Clover, Managing Director of Panorama Properties Marbella, the area’s longest established real estate agency, comments,
“We’ve had a busy three years and it has been gratifying to see the property market pick up so swiftly, just as we projected it would. Marbella’s charms are plentiful. The coastline in the region is simply stunning and the cosmopolitan atmosphere of the town offers something for everyone. The streets of the old town provide a real flavour of the true Spanish style of architecture, intermingled with tiny shops and restaurants whose exteriors are covered with blossoming Bougainvillea throughout the summer months.”
Despite its reputation as a playground for the rich and famous (George Clooney is rumoured to have purchased a home there last year), Marbella has retained a sense of family values that make it a popular holiday spot for those with young children, as well as older age groups. It is these family values that have helped Panorama to weather the Spanish recession so well and to this year enjoy celebrating its 45th year of selling fabulous properties in the Costa del Sol’s most attractive city.
The agency specialises in providing exceptional properties in this exclusive location. From a brand new mansion with sea views and pool on Marbella’s sought-after golden mile to an ultra luxe contemporary townhouse that is perfect for access to the city’s plethora of shops and restaurants, the theme of Panorama’s properties is one of unique elegance. Christopher Clover adds,
“Marbella is one of the Mediterranean coastline’s most desirable cities when it comes to owning a second home or a retirement property, as it’s great year-round weather provide it with a 12 month season. Demand is strong, especially from buyers living outside of Spain. British buyers adore the resort and we see a lot of buyers from Scandinavia, Germany, France and all of the European countries. Marbella really does have everything that the perfect vacation resort needs, making it the ideal place for buyers to own their dream second home.”
As well as its stunning scenery, fantastic weather and gourmet restaurants, the city enjoys easy access to a range of the Costa del Sol’s attractions. High end golf resorts, the ‘white village’ of Mijas and the beautiful Benahavis Mountains are all readily available, while those who prefer to simply soak up the sun can enjoy the area’s golden sands and warm sea.
With such attractions to offer, it is clear to see why Marbella’s resounding popularity has lead to property transactions there increasing faster than in any other region.
“It gives us double cause for celebration,” Clover concludes. “Not only is Panorama able to celebrate its 45th anniversary this year, but Marbella has once again shown that it is the most sought-after location in the whole of Spain. With so much going for it, I am sure that Panorama will still be going strong here in another 45 years’ time.”
For more information, visit www.panorama.es, email info@panorama.es or call (+34) 952 863 750.