No time to dawdle in Marbella property market

THERE is no more dawdling in Marbella’s property market, as demand outstrips supply and buyers are snapping up homes at a rapid rate for the first time in years.

In order to keep up with the healthy growth, agents in the town are desperately trying to find new properties to sell.

Scandinavian agency Fastighetsbyran are looking for anybody considering selling their property, as more and more clients get it touch.

“It’s getting harder and harder to find good, quirky properties in attractive areas,” said Sigrid Jegleim, the office manager. “And we have so many clients looking to purchase a second home or permanent residence here right now.”

She explained that two and three bedroom properties, facing south-west and with a terrace, are all the rage at the moment, particularly with their primarily Swedish clientele.

The Swedish firm with nine offices in Spain and three of them on this coast, set up in Marbella in 2010 and was taken over by new owners in March 2013, just as the area’s property market was beginning to recover from the biggest slump in recent history.

“I believe it is a wonderful time to be buying,” added Sigrid, who has worked in Spain since 2002 but moved to Fastighetsbyran in 2012.

“The market is moving a lot. Properties are being sold, people are making decisions a lot faster than previous years and prices are beginning to rise.”

At the moment, Nueva Andalucia and San Pedro are the most popular areas, because of their close proximity to Marbella, great beaches and of course Malaga airport.

Not to mention the numerous first-class golf courses on their doorstep, a major draw for many prospective buyers.

Top of the range homes in Nueva Andalucia are selling for as much as €2 million.

Although a lot still depends on the Spanish banking situation and wider economic recovery, for now Marbella’s property market has definitely got the wind back in its sails.