Marbella property prices 'unlikely to fall further'

The value of homes in Marbella is not expected to drop any further, with one real estate organisation predicting that the market has now reached its lowest point.

According to International Property Success, a rising number of overseas buyers based in the UK, Russia and the Middle East are targeting the Spanish destination.

The organisation added that Marbella's warm year-round climate and its reputation as one of the top resorts in the country enhance its appeal among those seeking a property in Spain.

It stressed that any potential investors in the Spanish real estate market need to choose the location of the house or flat they buy carefully, due to the current volatility in the sector.

However, the firm concluded "there are few better places to look in Spain than Marbella".

Earlier this month, Michael Corry Reid, who works in the Marbella office of Aylesford estate agency, revealed that the top end of the Spanish property market is "holding up well", noting that prime assets in Marbella in particular are attracting attention from international buyers.
 

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