Marbella is one of the most beautiful cities on the Costa del Sol and one of the most popular resorts in Spain. It is also a favorite choice for many foreigners wishing to buy a property in Spain. Marbella was also ranked by global travelers as the second best European destination for 2022 for being the most popular and exclusive destination in Europe.

In today's article, we keep you up to date with the real estate market in Marbella and the most important frequently asked questions to keep you fully informed of everything new.

This year Spain saw the largest volume of residential real estate sales since 2008, and in 2021 the real estate market in the Marbella region enjoyed a significant recovery. This recovery has continued to our current time without the impact of the decrease in the number of ready-made properties for sale in the main locations in Marbella, which has led to an increase in real estate prices, specifically in Marbella areas that have recorded high rates of real estate sales during the past years.

2021 showed the peak of sales in Marbella, as the figures for the first half of 2022 are stunning evidence of the unprecedented rise in sales in this area compared to the first half of previous years.The Marbella region has seen the construction of thousands of new homes as well as the renovation and modernization of old properties in all different neighborhoods in the area, with inflation rising to the highest level in almost decades in Europe, and a significant increase in calculated direct construction costs of 23.5% in 2021, it istoinevitable that real estate prices have risen, so we note that demand has risen significantly in the field of selling real estate in Marbella Spain, as for another indicator of the strength of the market in Marbella thanks in large part to the ability of real estate developers to produce world-class luxury homes, as Marbella has proliferated the market for properties worth more than 4000.000 since the pre-pandemic years.

The statistics in the table above show the statistics of all sales made in 2021 in the three municipalities that comprise the "Golden Triangle" Marbella - Estepona - Benahavis.

During the first half of 2022, the market saw a massive increase in demand of 73% of sales compared to the same period in 2021, while the market demand in 2021 became an increase of 30.15% of sales compared to 2019, a year before the Corona pandemic, however, it is important to note that the sales figures in the Marbella area even in the pandemic year of 2020 were strong. This contributed to convincing a large percentage of investors to buy a property in Marbella and achieve a successful real estate investment.

First half of 2022 record real estate sales

In the graph below we can see the statistics of the first half of 2022 compared to previous years, which gives strong evidence of the positive development and unprecedented rise in sales in the real estate field compared to the first half of previous years and we see Marbella's permanent superiority in the number of real estate sales compared to Estepona and Benahavis.

Has the war in Ukraine affected the Marbella market?

Despite the economic turmoil that occurred after the conflict between Russia and Ukraine, the demand for Marbella real estate has actually increased since the outbreak of the conflict and this has been proven by real estate sales statistics in 2022.

What is the outlook for the real estate market in the future?

Marbella has always been seen as the place to buy real estate at all times, not only because of its great features but also because of its physical location. There is no sign of demand waning, quite the contrary, we expect the strong demand we are witnessing today to continue into the future. This is a strong challenge that has been achieved by maintaining investment in the creation of high-quality real estate projects. The first half of 2022 shows record real estate sales, giving strong and indisputable evidence of the positive development in Marbella. If you are looking for a new investment and making an important and smart move in real estate investment, it is important to take a look at luxury real estate prices in Marbella in 2022, and you can contact Maxist Homes team on +34 645 645 45 89 23 in case you have any questions.