Marbella property report 2007

Marbella East is a much sought after, exclusive region with fabulous facilities, immaculate white sandy beaches, various renowned five star hotels and exclusive beach clubs.It is located approximately 15 minutes drive from Marbella city centre and 20 minutes from Málaga airport.

Report prepared by local real estate agents

It provides high quality lifestyle infrastructure, services, amenities and entertainment facilities. There are numerous golf courses located in this area such as “Santa Maria”, “The Marbella” and the renowned “Golf Rio Real”. There are excellent facilities to play tennis and residents can also use the nearby port of Cabopino in Calahonda, where some of Marbella’s finest beaches are located. First-class educational facilities are provided by the English International School and the German school, which both cater for primary and secondary students.

The Buyer

The main buyers are once again the British (40%) and the Germans (25%) followed by Spanish (20%) and Irish (10%) and then a mix of Swiss, Scandinavian, Dutch etc.. Average spends are in the region of €500,000 for apartments and €1 million for villas, which are the most sought after properties, followed by townhouses with an average price of approximately €650,000. British buyers, who account for 30% of all sales revenue in this area, will spend up to €2.5 million and the Irish will spend up to €3 million. The top areas are the most in demand and include Elviria, El Rosario, the elegant and long established residential areas of Los Monteros and Hacienda las Chapas as well as Marbella.

Property Values

In the past five years prices rocketed by about 45%. However, in the last two years, this situation has started to slow down and in 2006 increases were running at an average of 5%, depending on the location and quality. It would appear that prices appear to have reached their peak and it is anticipated that they will continue to stabilise in 2007.

Investor Tips

The infrastructure, climate, proximity to the airport and the fact that this area is established make it particularly attractive and an investment here is a safe one. Property around El Rosario is also worth investigating this year.

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About Mark Stücklin

Mark Stücklin is a Barcelona-based property market analyst and consultant, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008). He can be reached by email on ms@spanishpropertyinsight.com.