80% of investors are foreigners, despite the decrease in visitors
The sale of luxury homes in Marbella does not lose steam despite the international health crisis. It is certainly still a safe investment in times of uncertainty. Despite a significant drop in visitors and tourists on the Costa del Sol, estimated at 50%, the luxury real estate sector has increased its activity. According to companies in the sector, such as Panorama Properties, the increase in sales has been 13% during the summer and the outlook for the coming months is positive.
One of the keys is the motivation for investment; In other words, investors with a clear intention to do business and who find tailor-made services to maintain positive figures in the sale and purchase actions. The data from Panorama Properties is very important to take into account, as this real estate agency was considered the best in the European Properties Awards.
In such an atypical summer, these good data are corroborated in the number of commercial inquiries, which have risen by 25% since the end of the State of Alarm on June 21. These business contacts have meant nothing less than a 16% increase in visits to properties and a 55% increase in the prices of registered homes. 80% of these buyers and investors are foreigners in Marbella and the Costa del Sol. Data that allow a certain respite in the economic and business environment of Marbella. In terms of sales, say that the average price of these luxury homes is around 800,000 euros, while in the super-luxury segment, the price of homes is around 5 million euros.
The profile of this motivated investor has changed in terms of age and the considered Millennials is also a potential buyer who presents himself to this type of agencies with purchase intention.