Marbella is a place that for a long time has had great demand in its real estate market. It is true that there have been some periods in which demand has been lower and in others, on the contrary, it’s been higher. Since last year, Marbella has had an increase in the demand for new homes throughout the area, ending the decline the city was experiencing. It should be noted that the new homes have been built thinking on great luxury, since Marbella is the ideal place to have a house for the elite. The houses have a price ranging between one million and 5 million euros, although others exceed 8 digits.
Demand in the most important areas of Marbella
Marbella can be divided into a certain number of localities that are distributed throughout the city, and each of which, has its own characteristic that makes it different from the others. According to several heads of sales of real estate, Marbella has some exceptional places for the elite, which are the Milla de Oro, Nueva Andalucia, Naguelles and Puente Romano. These have witnessed new sales, new works and villas all around. Another prominent place in the city of Marbella is Sierra Blanca, which has already been sold out and which stands out as a town with houses a little more expensive than most other locations.
Although there are more sales in these areas, other areas are also growing in sales and it is estimated that they will soon reach these previously mentioned places. Areas such as Guadalmina Baja, El Madroñal or La Zagaleta have also witnessed a large increase in demand, while in Los Monteros, demand has fallen.
The border with the beach line of Marbella is also undergoing a new growth in demand. So much, that most of the homes that exceed the 8 cost digits are being sold. This is because those in charge of managing this whole matter are aware that customers are looking for new designs, new landscapes, with a new type of architecture. These prices vary depending on your location in the city, the size of the plots of each property, as well as the quality offered by each.
In Marbella the demand for new properties has been growing over the months and many agree that this has caused the demand for old properties to decrease more and more. The new properties include new designs and modern styles. Due to this growth in demand, which is unleashing a great sales wave among the elite, Marbella has generated new employment opportunities for citizens. Something that must also be highlighted as a consequence of this growth in demand is that the cities near Marbella are also experiencing growth in its real estate market, especially those near the beach.