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Marbella Property is Offering the Highest Return on Investment

Although the latest house price index (relating to the third quarter of 2015) still brand light-year falls, certain Spanish cities seem to have turned the ground reached after years of decline and are starting their way towards the normalization of prices, according to a study published by a major Spanish property portal. Barcelona is the city in which prices have risen more strongly and has further made its minimum value, followed by the Malaga province and of course Marbella. Since prices touched ground in the third quarter of 2013 (when the square meter quoted at 2,957 euros), prices have increased by 13.2% to 3,347 euros / m2 current after 8 consecutive quarters of increases.

The group of cities where the price has risen more than 4% from its lows complete with Malaga, where they are now 5.3% higher than the 1,559 euros / m2 in the fourth quarter of 2014; Madrid, with a 4.8% increase from the 1,641 euros / m2 in the fourth quarter of 2014, Pamplona (4.4% from 1,818 euros / m2 for the first quarter of 2014) and Leon (4.2% from 1243 EUR / m2 ago quarter). In San Sebastian the price has risen 4% since touching down in the second quarter of this year with 3,717 euros / m2.

A total of 18 registered capital more than their minimum prices in recent years, although the amount is still insufficient to determine whether it is a one-time increase or whether there is a turnaround. The most prominent are Guadalajara (3.3%), Valencia (3.2%), Pontevedra (2.9%), Cadiz (2.5%), Murcia (2.2%) or Palma de Mallorca (2%).

So taking into account the numbers shown above, its not strange to hear that Marbella property is offering the highest return on investment, after Barcelona and in front of Madrid.

On the other hand, most Spanish cities seem to glimpse the ground. A total of 26 of the 50 Spanish cities continue to set record lows since reaching their peak in 2007.

Standardisation, by neighbourhoods

Just as happens between capitals, the various districts of the big cities are showing different behaviours and not covered uniform markets.

In Barcelona, the largest off the price after the crisis occurred in Ciutat Vella, where landlords require 38.1% more for their homes, while in Sant Marti growth reaches 25%. They are followed Sarria Sant Gervasi (18.4%) and Eixample (16.9%). But the double-digit growth is not unanimous in all areas of the city. Horta Guinardó price has recovered 3%, in Sant Andreu 3.9%, in Les Corts 4.3% and 4.7% Nou Barris.

The situation is similar in the city of Madrid district where the center mark prices 13.5% higher than the minimum post-bubble. The removal of the soil is also palpable in Salamanca (9.1%), Arganzuela (7.3%) or Vicálvaro (6.7%). Although no district of the capital minimum prices registered this quarter, some differences with the lowest values recorded does not ensure that the downward trend has ended or is close to doing so. In the case of Ciudad Lineal (0.1%), Puente de Vallecas (0.6%) and Barajas (0.7%).

The head of research at one of the major Spanish property portals said, “these data standardising much of the market is confirmed, although it is occurring at two speeds. On one side are the big cities such as Marbella, who have already spent two years providing positive results, against much of the state where the owners have no choice but to continue to adjust prices down, since in many areas remains high supply and low demand. ”

According to the researcher, “however it seems to consolidate the return to normal and there is no doubt we have more crises than in front and behind, albeit at a slower pace, the recovery is closer to all Spanish markets.”

The high demand for luxury property in Marbella keep pushing the prices higher and higher every month, so If you would like Xcape Real Estate to help you find the right property on the Costa del Sol, Southern part of Spain or achieve your Spanish Residency, please do not hesitate to fill the form on Contact Us or give us a call on +34 952 811 010 Now!

We also look forward to assisting you on your property purchase or rental on the Costa del Sol, Spain.

Source: Idealista

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