Sun Still Shining In Marbella
The winter months are not so kind to the British people, who unfortunately have to endure constant rain, blustering winds and frosty mornings. However, travelling across the globe to Marbella, Spain (situated in the Province of Malaga), the sun still shines strongly with the temperature usually at a steady 20 degrees celsius in January. It is no wonder that people are attracted to buying Marbella villas and properties. With sunshine all year round complimented by the relaxed way of life, it can only get better as prices are at a steady low.
With all the reports of global financial turmoil and subprime crisis, one does question the status of the property market in Spain. The financial downfall will in fact affect and slow down the property market, but this certainly will not prevent people from buying quality Marbella villas. Although supply has increased and demands have decreased, the property prices have not increased meaning vendors are dropping their prices. However, this is not due to the subprime crisis, as Spanish banks are amongst the most efficient in the world and few are related to the subprime mortgage funds.
Vendors decreasing prices are due to the increase in interest rates and economic cycles in real estate. Buyers are drawn to the surrounding beauty of Marbella and affordable prices of each property. As well as the good weather and beautiful scenery, this region is brimming with restaurants, shops and bars that remain open during the winter period until late at night. In addition, the new AVE train (Spanish High Speed Train) was recently inaugurated, connecting Malaga to Madrid within two and a half hours making it accessible to the main cities.
Properties are around 20% cheaper than they were two years ago. A two-bedroom apartment close to Puerto Banus is approximately 250,000 euros; Marbella villas are priced around the 1,100,000 euros mark, with some villas in San Pedro or Nueva Andalucia golf valley priced in the region of 850,000 euros. Larger luxury villas have also seen a drop in price and can be found within a price range between 2,000,000 euros and 4,000,000 euros.
The lifestyle in Marbella includes golf, good weather, beaches, tennis, restaurants, boutiques, marinas, yachts, and cultural activities all contribute to making the property market here an asset still in much demand as they have been for years.
Real estate is much cheaper, which is an additional reason for buyers to act now. Financial experts have stated that the economic crisis is likely to last for a shorter period, than it has done in previous years, therefore the affordability of properties in Marbella is not likely to last for long.
Anna Stenning is optimistic about owning her own Marbella villas and properties, but understands that it will be a long time before she can see this dream come true. For more about Spanish properties visit http://www.villamarketing.com/
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