Marbella's property market is recovering and the town is now showing signs of being a leader in this sector. Sales figures for 2014 totalled 3,115 being similar to that of 2007, before the bubble burst.
Results released by the Ministry of Development, reveal that Marbella is the Spanish town in which the number of sales has increased the most, by 23.6 per cent.
The Ministry's statistics include all provincial capitals and towns with more than 100,000 inhabitants. Marbella has ranked higher than Parla (17.2%), Móstoles (12.7%), Guadalajara (12.5 %), Ceuta (10.3%) and Madrid (9.3 %).
In total, in the whole of Spain there were over 300,000 property transactions last year. With this increase, Marbella has achieved its second consecutive year of growth. Marbella registered an increase of 11.5 per cent in 2012 and 23.6 per cent last year and the forecasts for the present year are optimistic.
Surrounding areas
The increase in property sales in Marbella, although it is the biggest, has not been unique on the Costa del Sol, as other towns have also seen a rise in the number of property transactions.
Estepona was up by (9.34%), Mijas (4.1%) and Benalmádena (0.5%). Taken as a whole, the western coast of the province showed an increase of 0.85 per cent, in contrast to a 3.64 per cent decrease in Malaga city and the eastern coast, where there was a drop of 11.5 per cent.
These results place Malaga province as one of those which is showing the greatest resistance to the difficult situation which persists in the property sector.
This is also reflected in the global volume of property transactions, where the province, with a total of 393 million euros, occupies second place after Alicante, where the total of operations amounted to 422 million euros.