Post by account_disabled on Mar 14, 2024 1:50:13 GMT -5
The change in taxes and legislation, the beginning of the procedures for the new General Municipal Planning Plan (PGOM) and the increase in the price of high-end homes in Marbella, have consolidated the town as a leading luxury destination in Europe. , according to the Marbella Real Estate Market Report prepared annually by the real estate agency Diana Morales Properties, regional representative of the international consulting firm Knight Frank.
Marbella has ceased to be just a tourist destination for golfers and retirees, but has become a permanent residence for many families with hybrid work formats that demand quality of life, infrastructure, prestigious international schools and accessibility to the rest of the large European cities.
The aforementioned report reveals that while in Phone Lead other cities the recession, as a result of the Russian invasion of Ukraine and the rise in interest rates, has begun to take its toll. “Marbella has emerged stronger, showing growth figures well above those of its competitors, and continues to consolidate itself as one of the preferred places not only for those looking for a holiday home, but also for those who wish to establish their residence,” the report states. .
The price of high-end homes in Marbella recorded an increase of 7.1% last year, as reflected by the Prime International Residential Index ( PIRI 100 ) by Knight Frank.
In relation to the volume of sales in 2022 in Marbella and its area of influence (the well-known Golden Triangle that it forms together with Estepona and Benahavís), there was an increase compared to the previous year, both for new construction and second-hand homes. . Although the quarterly data from the Ministry of Development revealed a significant slowdown in sales of new construction homes. This was most evident in the municipality of Marbella with quarterly figures for new construction sales falling in the last three quarters of 265, 50 and 30 homes respectively. Meanwhile, comparatively speaking, existing home sales figures remained fairly consistent throughout the year.
In reference to the prospects for this year 2023, the text points out that despite being in a context of uncertainty (with the scourge of the energy crisis caused by the war and the financial earthquake originating in Silicon Valley) that could undermine sustained growth enjoyed during the post-covid period, thanks to the solid performance of the market in the last two quarters. “Everything suggests that 2023 will be another quite healthy year for the real estate sector on the Costa del Sol in general, but especially in Marbella,” they say from Knight Frank.
Marbella has ceased to be just a tourist destination for golfers and retirees, but has become a permanent residence for many families with hybrid work formats that demand quality of life, infrastructure, prestigious international schools and accessibility to the rest of the large European cities.
The aforementioned report reveals that while in Phone Lead other cities the recession, as a result of the Russian invasion of Ukraine and the rise in interest rates, has begun to take its toll. “Marbella has emerged stronger, showing growth figures well above those of its competitors, and continues to consolidate itself as one of the preferred places not only for those looking for a holiday home, but also for those who wish to establish their residence,” the report states. .
The price of high-end homes in Marbella recorded an increase of 7.1% last year, as reflected by the Prime International Residential Index ( PIRI 100 ) by Knight Frank.
In relation to the volume of sales in 2022 in Marbella and its area of influence (the well-known Golden Triangle that it forms together with Estepona and Benahavís), there was an increase compared to the previous year, both for new construction and second-hand homes. . Although the quarterly data from the Ministry of Development revealed a significant slowdown in sales of new construction homes. This was most evident in the municipality of Marbella with quarterly figures for new construction sales falling in the last three quarters of 265, 50 and 30 homes respectively. Meanwhile, comparatively speaking, existing home sales figures remained fairly consistent throughout the year.
In reference to the prospects for this year 2023, the text points out that despite being in a context of uncertainty (with the scourge of the energy crisis caused by the war and the financial earthquake originating in Silicon Valley) that could undermine sustained growth enjoyed during the post-covid period, thanks to the solid performance of the market in the last two quarters. “Everything suggests that 2023 will be another quite healthy year for the real estate sector on the Costa del Sol in general, but especially in Marbella,” they say from Knight Frank.