Busy season for Puerto Banús property market in store

Businesses in Puerto Banús are gearing up for the influx of tourists that is heralded by the start of spring.

While many of the area’s iconic beach clubs and restaurants are taking on extra staff and Nueva Andalucía’s championship golf courses are in pristine condition after a period of hard preparatory work by the greenkeepers, it also promises to be a busy time for real estate agents as the ‘selling season’ starts in earnest.

We anticipate it being one of the best seasons in recent times, following on from an exceptional year in 2015. With economic data looking positive, the economy growing and reports of holiday bookings to Spain from the UK already up 27% (source: ABTA) there is no doubt in our minds that demand for real estate in the Puerto Banús area will carry on expanding this season, and we anticipate steady growth in values to accompany the anticipated demand.

Marbella property market optimism

Several factors are combining to create optimism for the local property market; as a high class international destination the area stands apart from and has outperformed the rest of the Spanish real estate market, with demand for high-end properties particularly strong over the past three years.

This trend of increasing sales and rising prices in Puerto Banús continued through 2015 and the start of this year, with a steady improvement in the real estate market that has spread to the rest of the country, where all indices are showing growth. The College of Registrars reported a 6.6% rise in prices across Spain, with the Ministry of Public Works quoting a 9.8% increase in sales and 20% more mortgages granted in 2015 compared to the previous year. Independent predictions from the EU have forecast a 6% rise in Spanish property prices by the end of 2016.

This is all combining with positive economic data showing falling unemployment and rising Gross Domestic Product to produce a ‘feel good factor’ both for Spain as a whole and particularly for hotspots such as Marbella.

Should you have a property in Puerto Banús you would like to sell, please contact us for a consultation. As specialists in this area, Banus Property is the first stop for those looking for real estate in and around the Costa del Sol’s premier yacht marina and we are confident we can market your home effectively to achieve a timely sale.

00 34 951 30 75 67
00 34 676 42 32 20

Alternatively, you send an email to info@BanusProperty.com