Marbella's financial growth can be described in one word.....Phenomenal!!!

Investment into our tiny town reaches billions...New Hotels...The off plan property market is in it's self a Phenomena. ...Bromley Estates continue to record the best months results of all time.

So where are the market now and why is Bromley Estates succeeding? Has Brexit hurt our sale figures? All I can personally say is my biggest sale of all time was to an English family and it happened this month, October!!! also I sold to a Swiss, German and Irish clients.

So why is Marbella continuing to attract such outstanding property sales records. Easy answer? Weather, ease of flights, a city without any major crime (Cant remember the last murder in Marbella and that in itself is a claim very few city's can make)

It wasn’t more than five years ago – in the midst of the international financial crisis – that Spain’s contracting economy signalled a painful recession. The turnaround came some four years, when the country tentatively returned to growth and job-creation started to flow again, soon accelerating into healthy growth figures of around 3% annual expansion in economic output – or GDP

Christopher Clover has been writing about Marbella property for 47 years.

It is fascinating to see yet another property market cycle commencing in Marbella and the Costa del Sol in general, known for decades as the California of Europe. Marbella is unquestionably the most sophisticated city on the Coast and one of the highest quality environments of the entire Mediterranean Basin.

Residential tourism, that is, tourism based on the purchase and occupancy of second or retirement homes, is one of the many important factors behind the evolution of southern Spain’s most famous stretch of coastline over the last 70 years.

The first 2 quarters of 2017 show a substantial increase in volume of residential sales over 2016’s figures for the same time period. Together, Marbella, Benahavís and Estepona show an increase of almost 14% over the same period in 2016, with Estepona on its own showing the greatest increase in sales volume with an incredible 37%.

These are excellent indicators of the continuous steady growth of the property market in the greater Marbella area.

Purchases off-plan or under construction not included in official statistics
Officially, “sales” do not occur until the title deeds (escrituras) are issued. The sales of hundreds of properties off-plan or under construction during recent years are consequently not included in the official statistics of the year in question but at the same time, represent an integral part of an analysis of market activity.

Prices are going up again
According to data published on March 8, 2017 by the Spanish Instituto Nacional de Estadisticas, the price of private (unsubsidised) housing rose in Spain by 4.7% on average in 2016, which represents the third consecutive annual increase following six years of decreases and the highest rise since 2007.