August Month Property Review

As August is left behind for another year, so are the busy roads, tourists and crazy heat too. August is notoriously quiet for the real estate market, as people are having too much fun in the sun to spend their days viewing properties in the heat. However with that said, this year, August has been particularly busy. With the Marbellapads team both renting and selling a number of properties which eclipsed last year by almost double.

So what does this mean?

Well while Brexit looms, we have been shown once again that the property market in Marbella and the surrounding areas continues to be the most popular luxury resort to live in and purchase property.

What is also promising is that all types of property are selling. August sales included a plot in Benahavis' Marbella Club, with the new owner looking to build something brand new. There was a townhouse sold in El Paraiso, and apartments between the prices of 250,000 and 350,000 euros selling too.

What about rentals?

With the rental market, we continue to see demand outweighing the supply by some way. We are finding that buyers are buying multiple properties here with the sole intention of renting them out on a long term basis. One of our clients purchased a number of apartments and had no luck with their initially appointed agent. Both apartments were marketed and rented within a week of us taking on the new listings to the delight of the owners.

As ever, please continue to use Marbellapads as your estate agent in Marbella and San Pedro de Alcantara. You can call our office on +34 952 882 775 and email info@marbellapads.com with your enquiry. We currently require listings, listings, listings...