costa del sol property estepona property fuengirola property golden mile property marbella property puerto banus property spanish property. beach developments costa del sol a
I came across some interesting comments from a highly experienced property agent on the Costa del Sol this week.
Discussing the locations that are likely to recover quickest after the recession is over, the agent (who has 25 years experience in the Costa del Sol property market) predicted that the first place to experience an upwards movement in property prices will be Puerto Banus, followed by the ´genuine´ Golden Mile (the coastal stretch between Marbella and Puerto Banus), followed by beachfront developments in the established coastal towns of Marbella, Fuengirola, San Pedro and Estepona (in that order).When pressed on the reasons for his choices, the agent said that it was simply a matter of LOCATION. The most established and popular locations would always attract buyers and would therefore be the first to recover after any downturn in the Spanish property market.
He further commented that in his opinion, property prices on the New Golden Mile (the area between San Pedro and Estepona) would struggle to reach previous levels as quickly as other areas, as it didn´t really fulfil the criteria of being an established and popular area, as it lacks the infrastructure of amenities and facilities that exist in the aforementioned locations.
Interesting stuff from a respected Costa del Sol property ´sage´.
comments
seansaid
share your opinion 
