Marbella real estate - apartmens and houses for sale
Before the crisis starts in September 2008 and during all the bad months following the property market was suffering in Marbella. The situation was similar in all of Spain and in the rest of the world, especially in the lower segment of the market and in particular newly built properties.
Now Spain cleared itself situation and the economy was stronger after the politicians have announced the changes before March elections. The credit facility, which was a factor of the Spanish property boom of the mid-1990 to 2006 has virtually dried up. The real estate agencies has begun to bankrupt, affecting all of the economy. The poping of the bubble has started a difficult period with a bang and the deep repercussions. The rapid slowdown began in September has reached buyers of luxury homes, not only in Marbella but all over the world, exacerbated by the credit crisis and the difficulty in obtaining mortgages. A very low volume of sales has characterized the market at all levels, generally during the last quarter of the year. The percentages provided in the following paragraphs are intended to be illustrative and are based on first hand experience of largest property companies in the Marbella, which deal daily with buyers and sellers, including property developers. Now the situation is little better but it still long distanced from the boom that ended in 2006