Properties in Marbella

New constructions start again in Marbella with various promotions. Marbella was the first to enter into the crisis and it’s being the first to take a leading role in the recovery of the real estate sector in Spain with the return of cranes, sales office, show flat, off plan and brand new apartment for sale and building specifications.

Marbella starts the crisis before in 2006, nearly two years before the rest of tourist towns and large cities such as Madrid and Barcelona, because prices reached very high peaks when there was also an excess of offer. Let us remember that we are talking about Marbella, not about adjacent areas or towns where the situation is very different.

The reality is that sales have been reactivated especially for the foreign investors who believe that there is a balance in the market prices (Properties in Marbella). However, during the first months of the year we have noticed an important activity, which currently has slowed.

According to the Ministry of Public Works, Marbella is the seventh Spanish city that recorded more home sales in the first half of 2014, with a total of 2.019 operations (very close to 2,250 operations of the whole year 2011), behind only capitals such as Madrid, Barcelona, Valencia, Seville and Zaragoza and behind the town of Torrevieja, with just 75 transactions of difference.

Since the end of 2013, we have observed a trend change, sales have accelerated and the liquidation of the stock in some of its areas is what has allowed that the cranes have returned to the city.

What is happening in Marbella?

There are local promoters that have been able to maintain the land and wait for better times to bring it to the market now and promote new products in areas in which the stock is very limited or has been exhausted.

Funds and foreign investors are also entering through local promoters to share risks and profits, betting on lands that due to its location, have not been forced to drastically reduce the price.

In the well-known Golden Mile – the Avenue Príncipe Hohenlohe and Sierra Blanca, there were many investors and developers who once bought land to expect the resurgence of Marbella real estate. In Nevado Realty we are experts in this area since 1994 and we are aware of the existing offer, the demand of buyers and new projects that are planned in this area.

Marbella is a special place, for its weather, its architecture, the level and quality of life that offers to its residents, and developers know this, and we can perceived as they are interested in finishing buildings or urbanizations which were left paralyzed while others seek land for new developments, but in both cases, in very specific sites where the key word is “location”.

In Marbella there are certain areas in which precisely the location or position allows to compete buildings or old properties with new products, a good example is the area where luxury complexes are as Don Gonzalo, Mare Nostrum, Marbella House, Cipreses del Mar, Gran Marbella,…

I take this opportunity to indicate that our demand from our extensive portfolio of clients and investors exceeds our offer of properties, so the owners interested in selling are invited to visit us.

First and second residence in Marbella

There are projects of first homes at affordable prices and there are also projects with more exclusive qualities and services which are therefore more expensive. As second homes, developments in the Golden Mile are taking a great impulse for foreign buyers as Russians and Scandinavians, seeking spacious and large houses, whose prices exceed 1 million euros.

We highlight 4 areas Marbella center, the Golden Mile, Nueva Andalucia and Elviria, each one with its products and its objective audience. Regarding the prices, Nevado Realty is very clear, in Marbella you cannot generalize, it depends on the type of property, its features and especially the location.

Customers who know the type of property they are looking for and who know the areas, assume the prices if the seller is flexible and negotiates, although the most successful customers are the clients who within their budget, get advise on properties, discovering the wide range of products that offer different areas of Marbella.

In addition to new promotions, there are products – some in the hands of the banks- that either for their age or their price have been well received in the market and the most have been sold. It is clear that banks only have some properties, because if it wasn’t like this new constructions could not be done and at prices not especially high.

The trend during the crisis to go to the banks in search of properties has disappeared, and again people want to get advised by professionals of the sector, moreover, currently many new real estate appear on the market aware that the market moves and creates opportunities.

Although its lack of experience, of properties and clients, “force them” to collaborate with the leading real estate agencies according to the area of the product in which the client is interested, in our case, they contact us for operations in Marbella center and the Golden Mile.

The profile of the buyer of property in Marbella is principally international, looking for a place with good weather where to live after retirement and a national buyer of a certain age who wants to change his first residence to Marbella. Contact us without any obligation, come to see us or if you prefer we will call you.

Marbella, visit us and stay to live!