New figures from Spain’s National Statistics Institute (NSI) show shown that the Costa Del Sol, and in particular Marbella, is now leading the recovery in the property market.
The latest data shows a 28% increase in sales during 2014 and this surge means that sales of properties in Marbella are now 12% higher than they were during the peak of the market in 2007. The Ministry of Development has also released figures that show that Marbella has seen the fastest increase in sales compared to other cities in the last 12 months.
The NSI figures illustrate a third successive year of growth for the market in Marbella. Property investment experts Hopwood House believe that the data shows that the financial crisis is behind Spain.
A company statement says: “Marbella has a lot to offer and it is one of the most highly sought-after locations on the Spanish coastline. It is a desirable place to own a second home or retirement property thanks to its all year round sunshine, making it easily accessible throughout the year.
“it also offers access to many of the attractions in the areas. It is a well-known golf resort, with villages such as Mijas and the Benahavis Mountains all easily accessible, but if some want to take it easy then it has lots of sun, sand and glistening sea. It really does have a lot to offer.”