We see activity and trends in real time, as they happen. Journalists and commentators on the other hand only report on these trends as information filters through to them, usually between six and twelve months later.

So what’s the current situation?

Well, based on information we have amassed over the last 11 years (enquiries, viewings, sales and prices to name but a few), it appears there is a significant upturn everywhere except with prices. In fact in some cases we see prices as low as they were at the start of the decade, and have recently promoted new- build apartments in Calahonda from the developer from €148,000 for 110m2, key in hand. That’s one sell-off price!

We see prices as low as they were at the start of the decade

But it’s not just developers. Vendors keen to sell have dropped their prices in most cases some 30% from the peaks of 2006-2007 when the real estate market went into decline for reasons covered elsewhere on our site. (In our view the actual market reached its peak during 2004 and had a long slow slide through to its bottom today.)

Do we think prices will fall further? No… they can’t, for reasons addressed elsewhere, but summed-up by the combined effect of the property market slowdown and the crisis of October 2008 from which we are only just beginning to recover.

Is now a great time to buy property on the Costa del Sol?

Well yes, but only for the right person, under the right circumstances – when the property is affordable and the price is right, when it is suitable for purpose and when it represents a clear and simple investment that will bring about growth in equity over the years.

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