According to Premier Marbella news sources, Marbella Property Prices have seen the lowest devaluation since the start of the crisis. Recent statistics provided by the real estate sector continue to show positive news for Marbella property.
At a time when the price values of holiday homes continues to fall in coastal resort areas all over Spain, Marbella would appear to be recovering showing an upward trend with the greatest increase in property values on the holiday home market.
The survey based on the results from the first quarter 2014 was carried out by the property valuation company Tinsa and places Marbella third in Spain in terms of holiday home price increases (per m2). The report shows Marbella property prices have increased in price by 4.8%.
The Spanish property market literally took off this year with a massive 59% rise in property sales recorded in January. According to information released from the General Council of Notaries 23.000 property transactions took place during the first month of 2014.
According leading Marbella property specialist Romano Keogh, this is positive news for the Marbella property market. However, the report findings should be digested with some cautious optimism, as there still continues to be a sizeable stock of unsold properties which is nowhere near the demand. Also worth noting, there was a sales boom in December 2012 owing to the fact that new tax reforms would come into force in January 2013, which attributed to a sales slump in the same period.
So is it early days yet to crack open the champagne for the Marbella real estate sector? Guess we will have to wait until later this year to get a clearer picture on the sustainability of the upward price trends.
Premier Marbella, offering over 25 years of dedicated service to the Marbella property sector, specialists in luxury properties, villas and apartments for sale in Marbella, The Golden Mile and other areas of the Costa del Sol.