Marbella – Property Report for 2018
The residential property market has improved significantly in the Marbella area as well as in the entire country in 2017, consolidating the trends established in prior years.
Looking first on the national level, political uncertainty on several fronts in 2017 proved itself to be insignificant in comparison to the positive impetus generated by macroeconomic factors: GDP growth above 3% (with a similar forecast for 2018), record numbers of tourists, declining unemployment, an improving international credit rating, and record low interest rates all point to a positive outlook for the Spanish economy and the property market for the foreseeable future. Property professionals, as well as the banking sector, have announced that the beginning of another Golden Age for Spain’s housing sector is upon us, but this time, without excesses, until at least 2022.1&2
Source: Spanish Ministry of Development
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