Spain property market´s strong recovery

marbella property

THE property market in Spain is recovering, government data suggests. With 491,000, the sale of properties in Spain saw a 5.9 per cent year-on-year increase in 2010, latest government figures show. These figures from the Public Works Ministry finally break the downward trend that has been experienced in the past three years.
In the fourth quarter of 2010 year-on-year sales increased by 14.2 per cent, almost matching mid 2008 figures, the last time these were on the rise.
Sales to foreign residents last year increase by 20.8 per cent in 2010 against 2009.

marbella property

www.360-property.com

Is Summer finally here

It was a wet start to the Month of May here in Marbella and the weather forecast gave the impression of a wet 10 days or so. But today is sunny, the weather forecast seems to have changed yet again and its a lovely 25 degrees on the beach in central Marbella.( lets make the most of it)

http://www.360-property.com/


marbella property

MAY CROSSES

MAY CROSSES

» The Cruces de Mayo festival is held during the first half of May, and flower-decked crosses adorn the streets of many towns of villages.

marbella property

360-property.com

Marbella Property News

marbella property

Foreign buyers throw a lifeline to the Costa del Sol’s real estate market

It will take a long time for the real estate market in southern Spain to recover from the bursting of the bubble, although the good news is that there is light at the end of the tunnel. Developers and estate agents are now optimistically clinging to a lifeline that has come from abroad. The storm of the financial crisis has relented for the British, Germans, Scandinavians or Russians who are once again showing an interest in the Costa del Sol, and mainly Marbella, attracted by reductions (of up to 30 per cent in some cases) in the asking prices of properties.

The statistics confirm this trend noted by the industry. According to the latest property sales report published by the Ministry of Development, in the last three months of 2010, some 6,457 transactions were made in the province of Malaga, and of those 905 (14 per cent) involved buyers from outside Spain. This is not only one of the best results in Spain (behind only Alicante) but also reveals an increase of 31 per cent on the previous quarter.

 

 

source - SURinenglish

 

marbella property