Embed Size (px)
DESCRIPTION
Newsletter on the real estate market of Banahavis and Marbella
Citation preview
For a Free Subscription to this Newsletter Please Send me an Email or a SMS with your name and email address
Para Subscribirse Gratuitamente a este Newsletter en Español mande un Email o un SMS con su nombre y correo electrónico
RE/MAX Eralia (Oficina ppal.) Los Patios de Santa María Golf, local 13—14 29604 MARBELLA Telf. (+34) 952 831200 email: [email protected]
Statistics: Ministry vs Notary vs Fotocasa (real estate web) prices
By Alfonso Lacruz Associate Agent
(+34) 609 408 400 [email protected] www.alfonsolacruz.com
Puerto del Almendro: Incredible price for an anda‐lucian villa, perfect quality and sea views: 470.000 €
Ample house, big plot and competitive price!
Octo
ber 2
012
Nice villa with lots of potential!
Deals of the Month
Las Terrazas. Incredible views, ample spaces and great price: 139.000 €
BENAHAVIS / MARBELLA
November 2012
HOW IS THE MARKET? News & highlights from
Congratulations to my team. I have reached the number 2 in the Ranking of Associated Agents of RE/MAX Spain.
Back to the prices — how has been the third quarter?
It follows the same path as we have had in the last four years: down. It can be seen on the tendency lines shown at the chart. The data also show an increasing differentiation between Marbella and Estepona. While Marbella is, although going down, on a much lower pace, the prices in Este‐pona are dropping dramatically. The rates are 3% in the last semester for Marbella and 11% in the same period for Estepona. Buyers prefer to buy in a more consoli‐dated, appreciated and secure, from the investment point of view, location like Marbella that, in spite of the crisis, is still maintaining its reputation. Sellers in Este‐pona are forced to reduce the prices a further step down to be able to compete, basically on price, with their competition of Marbella. Marbella is still Marbella and location is still an important factor when buying a property.
This is something I wanted to study since some time ago: How the prices per m2 will compare among the data from the Ministry of Housing and the Association of Notaries (official) and Fotocasa, one of the best real estate pages of Spain? The general tendency is the same although there is a deviation between the official and the web one. That is normal because Fotocasa measures properties “For Sale” on its web and the official data considers “Sold” properties. What is interesting is that the difference, in the period from 2010 to 2012, is 11,91%. That, as an average, may be the difference between starting prices and closing prices. My own statistics show a 11% deviation so quite close to the one obtained in this study.
