Alan Wentworth-Harley's Marbella Property Insider

Hold on to your teacups and prepare for a tale of financial shenanigans! The real estate market in Malaga province has taken a wild turn, leaving potential buyers and sellers in a state of bewilderment. It seems that the Euribor, that sneaky interest rate that determines mortgage costs, has decided to do some fancy footwork, causing prices to skyrocket and sales contracts to dwindle like a soggy biscuit. If we peek behind the curtain of statistics, we discover that the first quarter of 2023 has been nothing short of a rollercoaster ride. Sales have taken a nosedive, plummeting faster than a bumbling bird with no wings. For three consecutive months, the numbers have been in freefall, accompanied by a chorus of mortgage applications whispering their sad goodbyes. The experts are pointing fingers at the mischievous Euribor and the sly rise in house prices for this topsy-turvy market. January, February, and March witnessed a gloomy decline in property transfers and mortgage loans. It's...

In recent years, the housing market in Marbella, Spain, has undergone a tumultuous period, with prices plummeting due to the global economic downturn caused by the COVID-19 pandemic. However, in 2023, the Marbella housing market has shown signs of recovery, with prices and demand for properties on the rise once again. One of the primary drivers of the recovery in Marbella's housing market is the resurgence of the Spanish economy. Following a period of stagnation and recession, the Spanish economy has seen a significant uptick in growth, driven by a combination of increased investment, stronger exports, and rising consumer confidence. As the economy improves, so too does the demand for property in Marbella, as buyers look to take advantage of the improving market conditions. Another factor contributing to the recovery of the housing market in Marbella is the increased interest from foreign investors, particularly those from outside the European Union. As political and economic insta...