A Good 2010 for the Marbella Property Market

May 17, 2011 - PRLog -- Did you have a satisfactory 2010? Probably every person you speak to will give you a different answer to that question. For many, the current economic crisis of confidence that has been sweeping Europe and the USA meant that, last year, business was slow or employment hard to find. Others found that new challenges created new opportunities – and new wealth.

When the Marbella property market is discussed, the opinions vary even more widely. The general consensus is that it must have been a particularly tough 12 months for the property professionals, with a stagnant market and plummeting prices. Press coverage hasn’t helped to shed any light on the matter, with many so-called property experts announcing different sets of statistics. With even the real estate gurus failing to find any point of agreement, it’s hardly surprising that the general public is baffled.

Here at Altavista Property Spain we can state unequivocally that 2010 was indeed a good year. Would we have liked even more sales? Of course! We always have ambitions to do better, but considering the depressing predictions, we are very happy with our 2010 figures.

Last year our average property sale price was 241,916€, with 65 per cent of our clients opting for a 100 per cent mortgage; hardly the kind of result that spells doom and gloom.

Michael Liggan, Altavista Property Spain’s owner, feels that the market is slowly gathering momentum again: “One of the reasons that Altavista had such a strong 2010 was that we have the ability to offer clients the most attractive distressed properties in combination with suitable financing packages. For investors or families who have wanted to buy a home in Spain for some time, but have delayed, this is actually an excellent time to buy.”

The most common complaint emerging from the property market concerns the difficulties faced by property purchasers attempting to find finance. This is where Altavista Property Spain has really come into its own, finding the perfect solution, whether the purchaser merely requires a small bridging loan or a 100 per cent mortgage.

With such an open market, access to financing and some of the best distressed properties in Spain on our books, 2011 is already proving even busier than the previous year at Altavista Property Spain.

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Alta Vista Spain is a real estate company in Marbella on the Costa del Sol, Spain. Michael Liggan is a driving force and our chief property bargain hunter.