MARBELLA AND COSTA DEL SOL PROPERTY A BIG DRAW FOR BRITISH BUYERS
With Britons leading a comeback in the property market, the good news for Spain is that 46 per cent of enquiries from UK residents looking to buy in Europe are for homes in Spain and, of those, nearly a quarter are for the Costa del Sol.
Overseas mortgage specialist Conti has announced that over the past three years the Costa del Sol has accounted for 23 per cent of all enquiries in Spain from Britons, making it one of the most popular regions.
It is easy to see why it is such a sought after area, with its marvellous climate, good infrastructure, well maintained beaches, vibrant expatriate community and great selection of good value homes for sale.
Marbella a property hotspot
The news is also confirmation that the property market, which has been on an upward trend in Marbella and other hotspots like Puerto Banús, Benahavís and Sotogrande for the past three years, is now seen as an excellent investment opportunity.
The lifestyle and range of services offered in the region are viewed as major factors in its enduring popularity, with Conti highlighting the Costa del Sol’s golf courses, wide choice of bars and restaurants, sports and leisure facilities, good bi-lingual schools and widespread use of spoken English as key reasons for the region’s appeal as a year-round destination for British buyers amongst others.
A widespread recovery in the property sector
Commenting on the latest figures, Conti director Clare Nessling said: “It’s great to see the old favourites topping the list of overseas property hotspots. It wasn’t so long ago that the Spanish market was shrouded in doom and gloom, but the market has turned the corner at last and excellent buying conditions are luring investors back. We’re also seeing buyer’s markets in France and Portugal, and there’s been a general lift in confidence among buyers who are returning to these traditional markets in their droves.”
This resurgence in the property market has been particularly evident in Marbella, with property sales up over 10% in 2015 on the previous year—a trend that looks to be continuing into 2016.
We have a fine selection of quality villas, apartments and townhouses for sale in all parts of Marbella and surrounding areas. If you are considering purchasing a property please contact us and we can help you find your dream home on the Costa del Sol.