The Marbella Real Estate market is experiencing a new impulse as the Costa del Sol has become a magnet for global bargain hunters. Real estate prices in Marbella are down as much as 50 percent from their peak during the 2005 / 2006 housing bubble, and investors from Russia to the United States and Britain are now looking towards Spain to try to catch a bargain.
The downward trend in the property market in Marbella and Spain in general is drawing to a close according to the International Monetary Fund.
After six years in a row of real estate prices declining everything points towards this scenario now drawing to a close.<
The general consensus amongst economists is that prices will continue to rise gradually from now on. In some areas in Marbella and across the Costa del Sol this is already happening.
The Brits are Back
According to a leading mortgage firm low interest rates, rock bottom real estate prices and a strong sterling is luring British real estate investors buyers back to the overseas property market, according to a new report from mortgage specialists Conti. In the first three months of this year Conti saw mortgage enquiries increase by 90% compared with the same period in 2013 with a noticable shift in interest for Spain over the last six months.
Mortgage Brokers in Marbella confirm that this trend is similar for the Marbella Real Estate Market.