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Most Spanish property commentators have been reporting the problems that have beset the Town Hall of Marbella in recent times. Corruption scandals, dodgy planning consents, overbuilding………we´ve seen it all.
Since the last ´legal´ Town Hall plan in 1986, developers have run amok in the Marbella property market, with common practices that have included overbuilding on plots of land, and building of apartment blocks on land deemed fit for other purposes such as parkland and green zones. All of this had gone on in recent times during the years of greed and corruption that fuelled the Spanish property boom of the late 90s and early 00s, with several notable Marbella politicians caught up in allegations of bribery and corruption.
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Most buyers of property in Spain have a habit of treating and viewing the entire Spanish property market in very general terms – at the moment, the widespread view is that the market is on its knees, prices are falling dramatically, and that vendors are desperate to sell.
This is wishful thinking on the part of prospective buyers.
Just as in any property market, there are areas that are still attracting high demand, just as there are undoubtedly areas with problems of over-supply and falling prices.
