Regeneration plans benefit Marbella property market
Leading Marbella property experts La Concha Living (http://www.laconchaliving.com/) report on the city’s recent regeneration plans and how they are benefitting the Marbella property market. From concerts, to art fairs, infrastructure improvements to construction licensing, the Marbella town hall is keeping Marbella firmly on the global stage, which can only be good news for Marbella real estate.
Since Angeles Muñoz became the Mayor of Marbella in 2007, the city has undergone significant change. Speaking at the inaugural Leading Property Agents of Spain (LPA) conference back in 2008, an event which examined the issues surrounding the region’s property market and how best to address those issues to ensure its sustainability, Muñoz set out her hopes for Marbella. “I am very optimistic about the economic future of the Costa del Sol, it is just a question of getting our assets in order,” she told the audience. “We will be providing support and welcoming with open arms the suggestions that the [real estate] industry have for the region. A lot of people are concerned with the public services and we want to ensure that future developments are fluid with the transport infrastructure and that every new project improves the day to day life on the Costa del Sol. A lot of work needs to be done for this to happen and we need to be united on this front. Marbella is a magnificent city that, despite everything, has maintained its brand. The city needs consolidation and I would like to ask you to defend Marbella as the town council works to improve the region.”
Since that impassioned speech, Muñoz has, in most people’s opinion, been good to her word, which has encouraged owners of and investors in property in Marbella. There are ongoing improvements to the N340 road leading into Puerto Banus and Marbella; a new annual Festival International de Arte Marbella; a number of high profile entertainment concerts; and there is a 400 million euro planned port extension for Marina Marbella.
So what does this all mean for Marbella properties? Anyone with property for sale in Marbella will be heartened by the prospect of selling at a decent price. Lifestyle purchasers will be attracted to a city which is enjoying so much leisure and entertainment regeneration, while potential investors will eye this positive growth with interest.
For your slice of this booming city, view the latest property listings at http://www.laconchaliving.com/.
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