Blog Post 28/09/11
International Business Times tips Marbella as a ‘safe choice’ for property investment
In further good news for the Marbella property market, the respected global news publication International Business Times has tipped the town as a ‘safe choice’ for Spanish property investment, reports Marbella property experts La Concha Living (http://www.laconchaliving.com/).
It’s not only the International Business Times which has picked up on Spain’s potential for property investment in this current market. The internationally renowned American newspaper Wall Street Journal has noted that average prices of property in Spain have fallen by between 15 and 40 per cent since the beginning of the global economic crisis. It’s not just the falling price of property in the country which is attracting investors, however, but also the fact that, according to the Wall Street Journal, there is "still a sense of long-term economic stability" in Spain.
Property in Marbella is looking particularly attractive, as although there are great bargains to be had, this area is still very much at the luxury end of the market, a sector which is still booming even in the current climate. The International Business Times article quotes president of Sotheby's International Realty Philip White as saying about Marbella: "It has been a major destination for years. It is safe, international, the restaurants are excellent and it has a sense of vibrancy."
Property for sale in Marbella is still in high demand, demand which is set to rise further if international investors come looking for bargains in this high-end lifestyle destination.
La Concha Living serves both investor and residential clients in their search for the ideal Marbella property. To view the latest hot listings, go to http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 07/09/11
Regeneration plans benefit Marbella property market
Leading Marbella property experts La Concha Living (http://www.laconchaliving.com/) report on the city’s recent regeneration plans and how they are benefitting the Marbella property market. From concerts, to art fairs, infrastructure improvements to construction licensing, the Marbella town hall is keeping Marbella firmly on the global stage, which can only be good news for Marbella real estate.
Since Angeles Muñoz became the Mayor of Marbella in 2007, the city has undergone significant change. Speaking at the inaugural Leading Property Agents of Spain (LPA) conference back in 2008, an event which examined the issues surrounding the region's property market and how best to address those issues to ensure its sustainability, Muñoz set out her hopes for Marbella. “I am very optimistic about the economic future of the Costa del Sol, it is just a question of getting our assets in order," she told the audience. "We will be providing support and welcoming with open arms the suggestions that the [real estate] industry have for the region. A lot of people are concerned with the public services and we want to ensure that future developments are fluid with the transport infrastructure and that every new project improves the day to day life on the Costa del Sol. A lot of work needs to be done for this to happen and we need to be united on this front. Marbella is a magnificent city that, despite everything, has maintained its brand. The city needs consolidation and I would like to ask you to defend Marbella as the town council works to improve the region.”
Since that impassioned speech, Muñoz has, in most people’s opinion, been good to her word, which has encouraged owners of and investors in property in Marbella. There are ongoing improvements to the N340 road leading into Puerto Banus and Marbella; a new annual Festival International de Arte Marbella; a number of high profile entertainment concerts; and there is a 400 million euro planned port extension for Marina Marbella.
So what does this all mean for Marbella properties? Anyone with property for sale in Marbella will be heartened by the prospect of selling at a decent price. Lifestyle purchasers will be attracted to a city which is enjoying so much leisure and entertainment regeneration, while potential investors will eye this positive growth with interest.
For your slice of this booming city, view the latest property listings at http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 11/08/11
Independent property expert highlights Spain as real estate hotspot
The UK’s leading property lifestyle magazine A Place in the Sun has once again highlighted Spain as a great opportunity for real estate investors right now, reveals experts in Marbella property La Concha Living (http://www.laconchaliving.com/). According to managing editor Andy Bridge, many financial institutions in Spain are keen to sell real estate to new buyers with cash available when previous owners have defaulted.
Spanish banks are repossessing more and more properties all over Spain, including some Marbella properties. Some ex-patriates have struggled to make mortgage payments in the recent downturn, while some have found it easier to default on the mortgage entirely, handing the keys back to the bank and returning to their home country.
Although Marbella is very much a micro-economy and not affected by problems such as massive over supply as seen in towns on the Costa Brava, for instance, bank repossessions do still occur on some Marbella apartments and villas. The average owner of property in Marbella may be wealthier than in some other Spanish towns, but there are still some owners that have defaulted on their mortgages and the banks now have these properties weighing heavy on their profit and loss statements. They are keen to sell these properties to cash buyers and get them off their books.
All of which makes for some unprecedented bargain opportunities for international real estate investors. According to A Place in the Sun’s Andy Bridge "there are a lot of great properties for sale at prices lower than we've seen for ten to 15 years".
If you are a real estate investor or private buyer looking for bargain Marbella property then view the latest listings at http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 21/07/11
Realistic pricing is the key to selling property in Spain
A recent article in A Place in the Sun magazine, claims that realistic pricing is the key to selling property in Spain, something experts in Marbella property La Concha Living (http://www.laconchaliving.com/) have been asserting for some time. Reports that no Spanish properties are selling are simply inaccurate; quality properties priced realistically are still selling well, and not only in Marbella but in many other popular areas of the country.
La Concha Living has been advising its clients with Marbella villas and apartments to sell that they will do so easily, even in a difficult market, if the property is priced to sell. This doesn’t necessarily mean slashing asking prices to unmanageable levels, but rather to consider the wider market conditions and how fast they want to sell and taking that into account when coming to sell Marbella properties.
This is a belief echoed by Jose Luis Jimeno, Managing Director of Noteges, a property education website, who is quoted in A Place in the Sun magazine as saying “the majority of private vendors have failed to accept the collapse in Spanish property values. Vendors are still trying to sell at boom prices.” Jimeno believes that in some areas of Spain prices will continue to fall, but as the magazine puts it, “any further home price drop could mean rich pickings for more buyers” which in itself will help grease the wheels of the Spanish property market.
La Concha Living helps people reach their Marbella property goals, advising vendors on the correct pricing and helping to give their property the greatest amount of exposure to the right buyer market. La Concha Living also assists those looking for property for sale in Marbella, highlighting the best bargains for both private and investor clients. Find out more at http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 21/06/11
Marbella awarded most fashionable city in Spain
Marbella has been voted as the most fashionable city in Spain in a survey which analysed international media attitudes to Spain, reports experts in property in Marbella La Concha Living (http://www.laconchaliving.com/). This will come as no surprise to the local and international owners of property in Marbella, who have long known the sophisticated style and fashion the city has to offer.
Oak Power Communication (OPC) undertook a survey which looked at the position in international media of Spanish tourism brands. 600 journalists and experts around the world were surveyed and the findings revealed that Andalucía has the best brand image in the whole of Spain and that Marbella was found to be the most fashionable city in Spain, as well as having the finest beaches in the country, according to the survey.
Marbella’s glamorous reputation began back in the 1950s and 1960s but in the decades that followed the city went from strength to strength, with the recent visit from America’s First Lady Michelle Obama cementing Marbella’s reputation as one of the world’s top luxury destinations. The city now attracts wealthy residents from all over the world and Marbella property is in high demand.
Ignacio Osle, Sales and Marketing Director of Taylor Wimpey de España, explains, "We aren't surprised that Marbella has been voted the most fashionable city and beach haven in Spain. With one of the most exclusive and highly anticipated events, Nikki Beach Grand opening White Party back in May, attracting thousands of 'beautiful people' from all over Europe and the Marbella Luxury Weekend last week providing the chance for luxury brands to showcase their latest products including a $10m violin, Marbella is definitely the place to be. And although luxury villas and apartments are seeing a great deal more enquiries indicating that there is definitely a new type of international buyer in town, more affordable Marbella property is selling equally as fast as buyers look to grab a great deal in a perfect lifestyle location before it's too late."
Leading real estate agent La Concha Living specialises in property in Marbella and the Costa del Sol and confirms that contrary to the slump the market is experiencing elsewhere in Spain, Marbella property of all price ranges is enjoying the popularity one would expect from the “most fashionable city in Spain”.
Whether you’re looking for a penthouse fit for a millionaire overlooking Marbella’s beautiful beaches or a modest two bedroom apartment in the historic old town, you’ll find the best listings at http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 24/05/11
Bargain Marbella properties attract buyers
Marbella properties entering the market at bargain prices, as well as those already on the market which have been significantly reduced in price, are attracting both residential and investment clients, according to leading Marbella property firm La Concha Living (http://www.laconchaliving.com/). This is a trend which is currently being witnessed in many parts of Spain.
Independent real estate experts Spanish Property Insight has gathered data from leading property price indices and real estate forecasts for 2011 and has subsequently suggested that the prices of much of Spanish real estate will continue to fall in the coming year. The reasons cited for this include the rising interest rates in the country as well as the problem of over-supply of property. This predicted continued fall in Spanish property prices is reflected in analysis from respected organisations Standard&Poor, BBVA, Tinsa and Idealista, which all predicted we will see falls of between 4.4% and 10% in Spanish property in 2011. When considered alongside the previous falls up of up to 50% since the peak of the market, it’s little wonder that this has piqued the interest of property bargain hunters.
The biggest drops in property prices are thought to be witnessed along the Mediterranean Coast and while Marbella property does tend to hold its value more than property elsewhere given the perennial popularity of this lifestyle destination, La Concha Living can reveal that these falls in property prices are indeed being seen in Marbella property for sale. The experts in property in Marbella have seen a spike in the number of both residential and investor clients looking for bargain properties in the area, providing back up to this theory of potential increased demand.
If you’re looking for a dream Marbella property for bargain prices, or you’re an investor client looking to leverage the current market conditions, go to http://www.laconchaliving.com/ to view the latest listings in the region.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 05/05/11
Spanish ministerial international roadshow attracts property investors
The Spanish Minister for Public Works and Housing, José Blanco, has launched an international roadshow which sets out to attract property investors from all over the world to Spain, reports experts in Marbella property La Concha Living (http://www.laconchaliving.com/).
The Spanish Homes Roadshow was devised, according to the Spanish Minister, to display to international property investors the “strength of our economy, the transparency and legal guarantees of our town-planning laws”. The Spanish Government believes that now is the time for such a roadshow because international markets are starting to show the first signs of recovery after the global recession. Blanco began the tour on May 4th at the Spanish Embassy in London as the UK still represents one of the biggest potential markets for Spanish property. The roadshow will continue in France, Germany, Holland, Sweden and then Russia – all seen as key markets for Spanish property. The first phase of the roadshow will concentrate on trade and institutional investors while the later phase will encompass the general public looking for holiday homes in Spain.
José Blanco made it clear that the roadshow would not be about acting as an estate agent. Instead, “it’s about stimulating sales in target markets and that is what the Government of Spain is going to try and do...It’s good for the Spanish economy, can help the recovery and, as a consequence, help create jobs in the construction sector.” He also said his objective is to win back the confidence of investors “after campaigns waged against the Spanish real estate sector.”
This roadshow is just one of many ways the Spanish government is looking to actively boost foreign investment in property and to encourage renewed faith in the country’s real estate market. In the south of Spain, the Junta de Andalucía is also encouraging investment into the market, particularly into the ever-popular Marbella: property for sale in Marbella continues to sell well, both to end-users and to international investors.
Find out further information on the Spanish property market and view the latest listings of Marbella properties at http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 14/03/11
Further evidence of Russian investor interest in Spanish property
A recent survey reveals further evidence of the Russian investor market’s interest in Spanish property, reports experts in Marbella property and property on the Costa del Sol, La Concha Living (http://www.laconchaliving.com/).
Real estate magazine International Residence, which is aimed primarily at a Russian readership, carried out a survey at Moscow’s International Investment Show which polled hundreds of visitors about their top global locations for real estate investment in the current market. Spain, Turkey and the United Arab Emirates (UAE) came in as the top three destinations high on the wish list of property investors. When asked what would be the primary purpose of their property purchase, 53% of the Russian potential investors polled said that it would be a lifestyle investment which they could also use themselves. Svetlana Andryukina, Editor of International Residence, said “We publish 35,000 copies of our magazine twice a year, and have definitely noticed that there is a renewed interest from our readers for leisure real estate”.
A spokesperson for La Concha Living, agents specialising in property in Marbella and the wider Costa del Sol stated: “Russian investors are renowned for being among the first investor clients to spot a market ripe for investment, so it comes as no surprise that Russians see the current growth potential of the Spanish property market. When it comes to finding an investment property within the leisure real estate market, you can’t do much better than an established tourist destination such as Spain, which is enjoying booming tourism figures while much of the rest of the world’s tourism sectors are either stagnant or in decline.”
Marbella and Puerto Banus are some of Spain’s leading resorts and are therefore among the world’s most sought-after leisure real estate markets. Marbella apartments and Marbella villas in prime locations and on sale for realistic prices are continuing to be targeted by investors, with canny Russian investors being once again ahead of the curve.
Find out further information on the Spanish property market at http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 30/03/11
Marbella property boosted by tourism sector
Marbella property is enjoying a boost thanks to the town’s booming tourism sector and proactive town hall. Marbella has been named as one of five Spanish towns which led the way in generating tourism-related income and employment in 2010, with 2011 looking set to be another good year for tourism in Marbella.
Leading Marbella property agents La Concha Living can report an uplift in both rentals and sales of Marbella properties in recent months, a sure sign that the challenges facing the Spanish property market as a whole are not affecting the micro-market in Marbella. Marbella’s perennial popularity as a tourist destination, both for short-term and long-term breaks, has been bolstering the area’s property market for some time. Real estate investors are attracted to the potential rental returns offered by the ownership of Marbella apartments, and the fact that Marbella’s constant influx of year-round visitors creates interest in property for sale in Marbella, from holiday home purchasers, retirees and expatriates.
A survey carried out by Exceltur, the results of which were presented at the 14th Adeje International Tourism Forum, found that Marbella was one of five Spanish towns in 2010 with the largest tourism-related employment and revenue generated from holiday accommodation. The survey looked at 105 towns across the country, with Marbella, Palma de Mallorca, San Bartolome de Tirajana (in Gran Canaria), Benidorm and Adeje (in Tenerife) having the most profitable tourism sectors. The vice-president of Exceltur, Jose Luis Zoreda, said that 2011 would be a good year for tourism in these locations, mainly due to the Arab crisis encouraging more holiday-makers to stay in mainland Europe.
While property in Marbella has always benefitted from the town’s healthy tourism, the proactive steps made by the town hall under mayor Ángeles Muñoz to attract yet more tourism has been paying off in dividends. The town has seen massive infrastructure improvements and many cultural initiatives such as ‘Siente Marbella’, a monthly arts festival in the streets of Marbella, all of which has put Marbella firmly back on the map as one of the hottest tourist destinations in Europe and indeed the world. What’s good for Marbella’s tourism is good for Marbella property, and this year looks set to build on the success of 2010 in both sectors.
La Concha Living is at the forefront of property on the Costa del Sol, with a particular specialisation in Marbella property. Visit http://www.laconchaliving.com/ to find out more, including the latest listings of property for sale and rent in the area.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 16/03/11
Why La Concha Living?
Real estate is a competitive business, and arguably nowhere more so than on the Costa del Sol and, in particular, the Marbella area. Marbella property will always be in demand and where there is demand for real estate, there is a wealth of estate agents to choose from. Whether you’re interested in property in Marbella for investment purposes or for personal use, you’ll want to use a reputable, experienced, professional and knowledgeable agency which can help you meet your real estate goals. There is a real estate firm which understands the Marbella property market like no other - here’s why La Concha Living (http://www.laconchaliving.com/) is the only choice when it comes to Marbella property.
More than an estate agent
La Concha Living is unlike the average real estate agent on the coast. La Concha Living is an independent, professional property consultant which is specialised in Marbella property. Not only can they find the right property for you, but they can also help with a range of associated services such as real estate construction, legal and business advice, after sales and property management.
Independent property finders
Whether you’re looking for Marbella apartments for a potential holiday home or distressed Marbella villas as an investment purchase, you want to be shown the properties that are relevant for you – not just the ones the agent happens to have on their books. La Concha Living are independent property finders, which means that they can use their extensive experience on the Costa del Sol to find just the right property for you.
Years of experience
La Concha Living benefits from nearly a decade spent in the real estate market on the Costa del Sol; benefits which it passes directly on to its clients by leveraging this experience to find the very best real estate opportunities in the region.
Inside knowledge
La Concha Living’s 8 years experience has given its team valuable insider knowledge which positions its clients favourably in a competitive market. Investor clients get access to the best projects and private residential clients get access to the very best and the latest Marbella properties to hit the market.
Investment projects
La Concha Living understands the particular needs of the investor client. It can provide access to the most exclusive and potentially lucrative real estate opportunities in the Marbella and wider Costa del Sol area, and discretion and professionalism are assured at all times.
Find out further reasons why La Concha Living is the only choice for property in Marbella and along the Costa del Sol at http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 02/03/11
Marbella property: once again ripe for investment
Spain was top of the list for property investors around the year 2000 until the market started to turn in 2005. America’s sub-prime crisis did nothing to help real estate anywhere in the world over the next few years and Spain’s property market suffered just like many other markets. However, the investment market has once again returned to some areas of Spain, particularly in the Marbella region, reports experts in property in Marbella and the Costa del Sol, La Concha Living (http://www.laconchaliving.com/).
Areas such as Marbella and the Costa del Sol benefit from the lifestyle market: demand for Marbella properties remains even in turbulent economic conditions thanks to retirees, holiday home purchasers and the ex-pat communities from around Europe. However, now it seems that investors are once again returning to the Spanish market. That’s because all of the factors that kept Spain at the top of the property investment wish-list in the boom years remain, such as the year-round sunshine, the low cost of living, the beautiful beaches and picture postcard villages. What’s more, the unrealistic and inflated prices which turned away the global real estate investment market in the past few years have, in most cases, begun to be recalibrated and a correction is being seen across the market.
Certainly La Concha Living can report that there is a far wider choice of property for sale in Marbella that represents a real investment opportunity than has been seen in some years. There are Marbella villas coming on to the market which are priced to sell, prices which reflect wider market conditions, but which still offer the size, location, build quality and proximity to the beach and/or the old town which makes property in this area so desirable. Similarly, prices have been coming down on many Marbella apartments which, until recently, would have been prohibitively priced for most investment clients. Some investors seem to be purchasing on the basis of rental returns and others for medium- to long-term capital gain, but regardless, it is heartening to see faith and positivity returning to investing in property on the Costa del Sol.
Take a look at some of the latest investment opportunities for property Marbella and the wider Costa del Sol at http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 16/02/11
Andalucía: property forecast for 2011, part three
So far in La Concha Living’s Andalucía property forecast for 2011, we have looked at some of the factors investors should disregard when assessing the market (such as certain statistics and concerns about over supply) and those they should consider (such as the need for realistic asking prices of properties in the region). When assessing the Andalucían property market, there is one more factor international investors should take into account: themselves. This may sound strange, but the very fact that this property market is high on the destination wish-list of international investors bolsters the market itself.
Andalucía has historically attracted international investment in its property and 2010 saw a particular influx from Russia and Eastern Europe in addition to the usual British, Scandinavian and German investors, something which is set to continue this year. This is good news for owners of Marbella properties and those throughout the Andalucía region as they don’t have to rely on domestic purchasers in a country which is experiencing economic hardship.
In summary, international investors can feel confident in the Andalucían property market this coming year, provided they analyse the location, quality and price of the property. La Concha Living has been helping international investors meet their real estate goals for years and looks forward to continuing to do so in what looks to be a positive year for the local market. For further information and to view the latest property listings in the region, visit http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 09/02/11
Andalucía: property forecast for 2011, part two
In part one of La Concha Living’s Andalucía property forecast for 2011, we looked at how, in general, property market statistics cannot reliably inform the overseas investor about Marbella property or indeed property in rural Andalucía. Now we will consider that the investor should also disregard the scare stories about the amount of unsold properties in the region. This is because, frankly, it doesn’t apply to international investors. In the most part, these unsold units have been built for Spanish property purchasers, with investors from overseas being attracted to established areas which have not suffered from the over-build of cheap units which are lying unsold.
If investors can confidently ignore most statistics in the public domain when assessing Andalucían property, as well as the over-supply issue, then it’s important to look at the prices of property in the region. Most real estate agents in the area have witnessed price reductions of around 35% to reflect new market conditions compared with the height of the bubble in 2006. Property in desirable areas have not seen any more dramatic price drops and in fact top quality property for sale in Marbella has been far more successful in holding its value.
There is still a problem with unrealistic asking prices from some vendors, however, and investors should choose a trusted and experienced agent who does not list over-inflated property. This results in more transparency with realistically priced property which sells in a shorter period of time, greasing the wheels of the real estate market and propelling it out of stagnation. (to be continued...)
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 31/01/11
Andalucía: property forecast for 2011, part one
During this first month of a new year, the team at La Concha Living (http://www.laconchaliving.com/) analysed the property forecast for 2011. At La Concha Living, we have extensive experience in selling real estate all along the Costa del Sol, primarily property in Marbella, and we’re happy to foretell that the year ahead looks positive in many ways for overseas investors in Andalucían property.
Some statistics seem to indicate that the property market in Andalucía is plummeting and should therefore be avoided by overseas investors. This is simply not the case, first because these statistics do not accurately reflect the huge differences between regions of Spain and secondly because the statistics themselves are not accurate. The difference between sought-after Marbella villas and poor quality property in undesirable areas is obvious, yet statistics often do not take into account the ‘micro’ markets within the wider Spanish real estate market. At La Concha Living, we’ve seen a significant increase in interest in property for sale in Marbella from overseas investors over the course of last year, whereas property agents in less popular areas are facing a sluggish market. When it comes to the statistics themselves, they either unrealistically bring together areas which are so different that they demand separate study (such as those from valuers TINSA which would lead us to believe the Costa del Sol can be compared with the Costa Almeria) or (in the case of the Ministry of Housing) are based on registered property prices which are distorted by the under declaration which has been so common in recent years. (to be continued...)
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.
Blog Post 20/01/11
Russians lead the growing number of overseas investors choosing property in Marbella
Overseas investors have been scouring the world for real estate opportunities in the knowledge that a bear market such as this makes for some property bargains. An increasing number of international investors, a notable number from Russia in particular, believe that now is the time to choose property in Marbella in Spain, reports leading local agents La Concha Living (http://www.laconchaliving.com/).
There are a number of reasons that Russians and investors from around the world are turning to Marbella properties for their overseas property investment. First of all there is the current global economic climate. The downturn and its effect on much of the world’s real estate market may not be a positive thing in many ways, but it has created some property bargains. Real estate investors from Russia and all over the world who are in a position to buy can find some opportunities in the Costa del Sol region which are significantly under market value. Marbella villas, townhouses and apartments hold their value more than those in most other areas of Spain, but distressed sales are available where the vendor is willing to reduce the property price for a quick sale.
International investors are also attracted to Marbella property because of the inherent appeal of a holiday destination which is famous the world over, but also by the improvements being made to the area’s infrastructure. These improvements show that Marbella will continue to attract holiday-makers and residents alike. Málaga International Airport has undergone extensive expansion to cope with the increased passenger intake; the main road linking Marbella to the rest of the coast, the N340, is undergoing improvement to ease the increased traffic; and the bull-ring outside of Puerto Banus has been turned into a top concert venue, attracting acts from all over the world. Clearly, Marbella is not just relying on its impressive history, but is continually forging into the future – all of which is music to the ears of any property investor and goes some way to explain the interest in property for sale in Marbella.
Finally, Marbella is seen as a perennially popular tourism hotspot and as such has not been hit by the falling tourism figures witnessed in other areas of Europe. The expansion of Málaga airport is intended to facilitate the ever-increasing number of tourists coming to the Marbella area and the Puerto Deportivo of Marbella has been given a face-lift to expand the number of attractions for the growing tourism market. International property investors looking for income from renting out Marbella apartments or villas will certainly be encouraged by a tourism sector which is booming when others around the world are suffering in testing economic times.
For further information on investing in Marbella property and to view the latest property listings in the area, go to http://www.laconchaliving.com/.
Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637. | 
