With a large selection of discounted property for sale in Marbella foreign real-estate buyers are returning to the Costa del Sol
Although the Spanish property crisis continues and hundreds of Spanish families are still being evicted from their home every day by Spanish banks for defaulting on their mortgage repayments, home buyers from abroad have returned in force to the Spanish depressed property market.
New data from the Bank of Spain shows that property purchases from non Spanish residents in 2013 has exceeded €6bn (£5bn) for the first time since the boom year of 2004.
A report by Spain's society of property registrars indicates that the Brits are still buying more property than buyers from any other country; they account for 15% of all sales to foreign investors. followed by the French (10%), Russians (9%) and Belgians (7%).
According to Kristoffer Mincberg the CEO of Marbella Estates, a surge in sales of Marbella property began at the end of last summer, especially in Puerto Banus, Guadalmina, Benahavis and on The New Golden Mile.
Marbella Estates offers a large variety of the latest bargain properties for sale on the Costa del Sol.
If you are looking to invest in a property on the Costa del Sol, buying a distressed and reduced on the Costa del Sol is an excellent option. Take a few moments to peruse through our site to view our database of continuously updated Costa del Sol bargain property.