Wall Street Journal Focus on Marbella
Thanks to a recent article published by the Wall Street Journal, Marbella has enjoyed a lot of positive publicity. The international newspaper published in New York, focusing on business and economic news, stated: “The ritzy, sun-soaked Spanish coastal city of Marbella is beginning to resemble Southern California more than southern Spain.”
Marbella Property – Top Destination for the World´s Wealthiest
Highlighting Marbella’s microclimate as a key selling point, the article explains how Marbella is a top destination for the world’s wealthiest investors. Prime areas such as La Zagaleta, Sierra Blanca, the Golden Mile and Los Monteros are home to Marbella’s most expensive mansions, attracting among others people from Scandinavia and the Middle East – according to the famous journal.
As well as the weather, another main point of attraction is Marbella’s transport connections, with Málaga airport being only a 40-minute drive away. This means key investors such as the Norwegians can make quick trips to their home away from home, with many buyers spending their long weekends in the sun.
In the wake of the economic turmoil of 2008, Marbella saw prices plunge like much of the rest of Europe, however now the town is growing again, thanks to the demand of second home buyers and tourists. This demand has a focus on high-end properties, with a price of 500.000 euros or more.
Marbella has been a popular destination for European jet-setters ever since the famous beachfront estate of the Marbella Club Hotel began attracting high society in the 1950s. Despite the increased popularity with a wide range of sun seekers, Marbella maintains its position as one of the most luxurious resorts in Europe.
If you’re looking for a dream home in the sun, holiday getaway or thinking of investing, contact Marbella Direct for our property services and unequalled knowledge of the area.
Find out more and read the full article by the Wall Street Journal here.