Smokin Property

Even though Marbella has boasted for many years of being the play ground for the wealthy the plight of its Town Hall’s financial problems has not gone unoticed by the local businesses and public with the news of the schools in the area having to go without necessary supplies. The response from the public and businesses stepping up to help with supplies were a few firms specialising in Apartments Marbella.

 

Could the Town Hall be experiencing a drop in revenues from vacant properties? Talk to most people involved in property on the Spanish coast and they will tell you that the market is flat or depressed (depending upon the area).

 

Buyers are now people looking for holiday homes or relocation properties – end users rather than speculators / investors – who are fewer in number and much more cautious about buying. These people are not looking for a quick profit. At the same time, due to the absurd number of housing starts in Spain in recent years, there is a glut of properties on the market in many popular areas, with off-plan investors and developers all trying to sell to the same reduced number of home buyers.

 

The only areas that really appear to be in serious trouble are those where they have recently built an enormous amount of mediocre property in mediocre locations. Otherwise, relatively attractive areas like Marbella Self Catering Apartments free of excessive new construction are subdued compared to previous years, but not exactly in crisis, and it looks like there is a flight to quality going on, with the old rule of ‘location, location, location’ proving itself once again.

 

Rentin Marbella provides a wide range of rental apartments in Marbella and the surrounding resorts. As well as helping many private buyers with their purchasing during the year.

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