Marbella’s high-end property market is booming!
Property sales are booming in 2022
The premier real estate agents say the rise in interest came after the lockdown in spring last year and is continuing in 2022
The Marbella real estate market is expected to strengthen further during the remainder of 2022. The impact of Coronavirus does not appear to have had a long-lasting effect at all in the property prices. 2022 will undoubtedly be a fantastic year for the Spanish economy and property sales.
The impact of the massive Government stimulus package by lowering the inheritance tax to 1%, reducing the purchase transfer tax from 10% to a general rate of 7%, plus the low interest rates and the strong demand for properties in Costa del Sol looks set to keep the long term trends on an upward path the the whole region.
Most buyers are interested in buying luxury villas for sale near Marbella, Sotogrande and Puerto Banús.
Property prices in Marbella up in 2022?
A property in Spain has a predicted return of around 9%, according to data from the Bank of Spain . During 2022, Marbella recorded a spectacular increase of +9.2% in property prices bringing the average square meter price of an apartment to €3,316/m2.
| Month | Price m2 | 1 Month | 3 Months | Anual Variation |
|---|---|---|---|---|
| Agosto 2021 | 3.316 €/m2 | + 1,3 % | + 5,0 % | + 9,2 % |
| Julio 2021 | 3.274 €/m2 | + 0,9 % | + 3,7 % | + 9,7 % |
| Junio 2021 | 3.246 €/m2 | + 2,8 % | + 3,3 % | + 7,3 % |
| Mayo 2021 | 3.159 €/m2 | + 0,1 % | + 1,6 % | + 3,3 % |
| Abril 2021 | 3.156 €/m2 | + 0,4 % | + 1,4 % | + 4,1 % |
| Marzo 2021 | 3.143 €/m2 | + 1,1 % | + 1,5 % | + 3,8 % |
| Febrero 2021 | 3.108 €/m2 | – 0,1 % | + 0,6 % | + 3,3 % |
| Enero 2021 | 3.111 €/m2 | + 0,5 % | + 2,0 % | + 3,1 % |
| Diciembre 2020 | 3.095 €/m2 | + 0,2 % | + 1,7 % | + 3,2 % |
Why you need a real estate lawyer in Marbella ?
We strongly recommended that you choose a lawyer who specialises in Spanish land law (urbanismo).
The Spanish property conveyancing system is different to the UK system so you should ensure that those involved in the transaction are qualified and experienced in Spain. The member list of Property Lawyers® in Marbella is formed by english-speaking lawyers with a huge international experience in the legal sector, and who can protect your interest and work on your behalf .
Case Study:
Michael and Joann Flemming bought an apartment in Marbella last 2021 summer, a lovely three bedroom, west facing duplex penthouse in the gated and well-established community Jardines de Sierra Blanca, with 24hr security, well-kept gardens and communal swimming pool. The property was in a fantastic location being walking distance from the beach, restaurants, shops and all amenities and just a short drive to Marbella town and Puerto Banus. They needed finance and in order to connect with a banker for financing, and check out the contracts and notary they hired an experienced trusted lawyer in Marbella , he managed all the transaction, finance and wills so that they could simply relax and enjoy the apartment.
But sometimes the purchase process can be confusing and complex to the buyer and seller. There may also be many last-minute disputes about delivering possession, purchase structures or the adjustment of various costs and taxes. If you are the only person there without a lawyer, your rights may be at risk.
So if you decide to buy a property in Marbella something will always go differently than you expected. However, a lawyer and advocate will ensure that you are safe, so you can focus in the important, your well-being and can enjoy your investment in Spain
Check out here which ones are the best english speaking Solicitors in Marbella.
Top 10 english speaking solicitors and lawyers in malaga
- Sponsored Link: Browse Properties for sale in Marbella: https://www.rightmove.co.uk/overseas-property-for-sale/Marbella.html
