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Well, I´ve finally done it. It´s all signed, sealed and (not quite) delivered.
I am now the proud owner of a 3 bed townhouse on Lomas del Marbella Club Pueblo, located on the Golden Mile between Marbella and Puerto Banus on the Costa del Sol.
I had been trying to find a property that offered a little character and charm, yet without sacrificing the location. Of course, I also wanted a great deal.
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As a prospective purchaser of Spanish property, it´s very easy to sit back and watch as the property market tumbles into freefall, waiting in the wings for the right time to pick over the debris for the very best Spanish property bargains.
Or so you would think.
We have been saying for many months that latent demand for Spanish property is still very much in evidence. In fact, our statistics show that enquiries for property in Spain have remained fairly constant over the last 18 months. Whilst this demand has always been there, a smaller proportion of these enquiries has been converted into a sale. During the onset of a recession and with exchange rates deterring Spain´s primary buying market (the Brits) from investing, this is hardly surprising. Continue reading »
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I have recently been working with a client from Holland – a terrific lady who has been keeping a very close eye on the Costa del Sol property market. Her requirements were fairly typical – a 2 bed apartment within a walk of Puerto Banus, nice specification, sea views, and a bargain.
Should be easy to find? You would think so. But the last bit is causing the problem – there may be plenty of nice 2 bed apartments with sea views near Puerto Banus, but there are no bargain properties in Puerto Banus with this description.
And the reason is that this sort of property tops the wish list of most of our clients. In other words, this type of property is in high demand. And as we all know, high demand means high prices. Continue reading »
