Tag Archives: Marbella property market

Marbella Market Still Offering Great Opportunities

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La Zagelata Country Club

La Zagaleta Villas

The good news for those of you looking for value in the Marbella property market is that value is out there if you look hard enough or have an agent who knows where all the best deals are to be had.

This week I got to see some fantastic deals with two of the best deals to be had in El Madroñal and quite amazingly both deals showed the economic end and the luxury end with prices to match. The first was a standout villa for an amazing €430,000 and is obviously in need of a reform but spend another €70,000 to €120,000 on the property and you have a villa at least 10% less as the lowest priced villa in El Madroñal. The second was at the top end and a villa that was €4Million that could be bought for €2.2 Million on a huge 8000 meter plot with the best views in El Madroñal. Again this would need a reform of about €500,000 but at over 1000 meters built it would then be superior to the current villas selling for over €5Million.

These two deal alone show that there is still great value to be had in the property market in Marbella. If you would like to be kept updated on such deals just email us or call me on 0034 664 268 809

Marbella Property Market

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Marbella property Market

March 2011

 

The Marbella property market right now is the most buoyant since 2008 with sales taking place in relatively large number as people look to buy property in Marbella and strike one of those last great deals before its too late.

The most interesting thing this year from our own experience is the sales have all been above €295,000 with the average sale being around €600,000 and very much a different type o international buyer than we had before.

As for what is selling again it is very varied but in principal it’s three main areas. The first one being heavily discounted key ready new developments where there is high percentage mortgages attached to the property at very competitive rates and for those buying with a mortgage this allows them to look at a higher budget than they first planned and more importantly get a much better property for their budget. The second type of sales is the Villa market and we are seeing the majority of sales taking place between €1.4 Million and €2.4 Million. Lastly the third area is bank repossessions and the area that causes both ourselves and our clients the most headaches. Dealing with Spanish banks is a complete nightmare and we are one of the most experienced companies doing it.

So what is the future for the Marbella property market? The reality is whilst there are good deals still to be had in certain sectors there will continue to be huge activity and sales taken place. The real problem and property in Marbella is what happens when all the best deals are taken from the market and I think we will know the answer to that question sometime later in 2011.