According to Premier Marbella news sources, Marbella Property Sales in 2013 mark new record. The Marbella property market would appear to be on the path of recovery and according to statistics just released by the Ministry of Development, Marbella registered a 23.6 % sales increase.
Marbella property sales results show 2013 ended with a total of 3,115 property purchases, a figure not seen since 2007. In total, in the whole of Spain there were 300,349 property transactions in 2013, which is a drop of 17.4 % compared with 2012. There were increases in Estepona (9.34%), Mijas (4.1%) and Benalmádena (0.5%).
While the British still account for most of the Marbella property sales, there is no doubt that Scandinavian investors, particularly from Sweden, Denmark and Norway are taking advantage of favorable exchange rates and low prices to snap up property bargains.
Leading Marbella property specialist Romano Keogh commented that the Marbella property market has helped keep higher priced homes from varying in value because of a greater demand, especially from wealthy Russians, Qataris and Kuwaitis who are not willing to pay less than €2 million for a luxury property, while the lower priced properties have dropped considerably, with prices ranging up to 60 per cent less than the appraisal value.
Premier Marbella with over 20 years of dedication to the Marbella property sector, specialists in villas and apartments for sale in Marbella and luxury properties on the Marbella Golden Mile and other exclusive areas of the Costa del Sol.