MARBELLA

by Antonio Ribes Rimontgó. Spain.

How would you characterise the Marbella property market right now?

2022 was the second record year in a row, based on property sales but in particular value terms. It is an indication of how the market has continued to move upmarket, and just how strong the demand is for what Marbella has to offer.

Why is Marbella so popular, what kind of lifestyle does it offer?

Marbella’s climate, surroundings, service levels and way of life have been popular for decades, but ever more so since Covid, when it seems a lot of people decided to opt for quality of life. Marbella is at the top of many lists for those considering such a move.

Who are the main buyers?

The market is highly diversified. There are slightly fewer British buyers since Covid, but they have been more than made up for by a growing number of Scandinavian and Belgian buyers, while the Dutch, French and German-speaking markets also remain strong. Russian money has frozen, yet this market too has been replaced by Eastern European and Middle Eastern buyers, while we’re also seeing an important rise in North American interest.

What would a typical collection of Marbella properties look and feel like?

The typical Marbella property has changed. These days the style is far more modern, the layout open-plan and the properties have high-tech home management and entertainment systems. It is a different type of living experience now, offering classic Marbella lifestyle combined with 21st century comforts and luxuries. This applies to a great new stock of villas, apartments, penthouses and semi-detached homes of increasingly avant-garde styling.

Is it only a glamorous seaside resort that people seek or is there more here

One of the reasons that Marbella is so popular is the fact that it has evolved from a glamorous resort into a dynamic city that is suited not only to holidaymakers and owners of second homes, but also to fulltime residents and digital nomads who spend extended periods there. This is reflected in the level of services, the evolution of the properties and the fact that more and more tech businesses are setting up in Marbella and surroundings, diversifying and enriching an already remarkable beauty spot.