Is now the right time to buy? Or, are prices going to go down further?
As these are the questions our clients most frequently ask us, I have chosen two articles recently published in the press which may help give a satisfactory answer to those actively looking to buy property at the moment.
The first article explains that almost half of the existing stock of new homes on the Costa del Sol has already been sold… and there are virtually no new properties under construction. To read this article, click on: Costa del Sol new homes glut halved in 2011
The second explains that, despite hard economic times, income from tourism in the Province of Málaga continues to increase… And as we all know, the market for real estate follows on the heels of quality tourism. Click on Costa del Sol welcomes more tourists to access this article.
As the Marbella area is not the same as the rest of Spain, you may like to read our Marbella Property Market Report 2012 for a better idea of the local real estate market situation.
Last December was the busiest December we have had in our history. January has proven to be the same.
Have a look at the articles, and reach your own conclusions!
