“It’s always a pleasure to see Marbella make the international news headlines for all the right reasons,” remarked Massimo Filippa, Greenlife Estates general manager and Marbella ‘aficianado’, after reading this glowing report in the highly respected Wall Street Journal, which describes Marbella as “ritzy” and bearing a resemblance to Southern California. It also highlighted the fact that Marbella’s upturn in good fortune is largely due to a buoyant high-end property market where, as this eminent newspaper claims, “buyers seek luxury year-round getaways.”
The renewal of press interest in all of Marbella’s positive points will undoubtedly have a beneficial influence on the high-net-worth buyers and investors who read the world’s quality press. It is not just Americans who subscribe to Wall Street Journal; it will be found on breakfast tables and in boardrooms around Europe and the rest of the world: the Marbella message is reaching the world’s decision-makers.
Indeed, the UK’s Guardian newspaper recently analysed how Europe is attracting the global elite for leisure and investment. The report states that Marbella is “still a magnet for buyers from the Middle East,” largely thanks to the Saudi Royal family’s Nahd palace complex above the Golden Mile and investment by Sheik Al-Thani of Qatar. However, Russian buyers are still important to the Marbella property market too, while American money is playing a significant role in commercial property investment here, and throughout Spain.
It is not just the property market that is receiving uplifting press coverage; the top travel writers are once again praising Marbella as a family holiday destination and pointing out that it’s a perfect blend of Old Spain meets New Spain. It caters to all family members and age groups, and to all budgets. In fact, Marbella is also listed as one of the Top 10 places for a beach holiday in 2015. That’s excellent news!
The Telegraph, is another loyal supporter of the Costa del Sol and is renowned for its travel reports and its analysis of global property markets. It calls Marbella “the jewel in the crown” of the Costa del Sol and has been boosting investor interest with tales of demand outstripping supply. Indeed, “This rise in demand has created an opening for developers, and their investors, to start building a series of new luxury developments in Marbella,” reports Greenlife’s Massimo Filippa.
This flood of interest in Marbella makes this an ideal time to look at property investment: please call into the Greenlife office and discover the range of properties our portfolio can offer you.