June 2017 Spanish Property News
Greetings from the team at Property Marbella Spain Invest International!
Below are some of the headlines making real estate news in Spain this June. Our Accredited, multilingual team of experts is always here to help if you have any questions.
2017 Marbella Property Market Report from Diana Morales Properties
One of Marbella’s leading real estate agencies shares their insights into the current property market in Marbella.
- The recovery in demand that began 2013 was marked by a preference for new homes with the latest designs and features, “leaving the market for resale properties to recover but lag behind, with demand for older properties in prime locations with renovation potential also strong.”
- Looking ahead, Marbella is feeling buoyant and upgrading in every respect. “This includes continuing to invest in roads, facilities and other infrastructure,” says Pia Arrieta Morales, Managing Director of DM Properties/Knight Frank“ but also initiatives such as continually improving the standards of professional training, service culture and beautification of the area. – Read More.
Rental Asking Prices Rising Fast Says Portals
Rental asking prices are now rising fast report Spanish portals, which will only add to investor demand in hot markets like Barcelona and the Balearics. Rental asking prices in Spain rose 8.8% on average over three months to the end of March, according to recent figures from the portal Idealista.com. – Read More.
Spain’s Flats with Terraces Command a 36% Asking Price Premium
When it comes to asking prices, flats with a terrace command a premium of 36% on average, according to a study of asking prices in Spanish cities by the Spanish property portal Idealista.com. The study is based on asking prices in the Idealista database of listings, which is one of the biggest in Spain. – Read More.