Following on from our previous Blog, latest statistics have confirmed that the future for property prices in Duquesa looks promising. Manilva prices surpassed the Malaga Province average by 10% and with supply of property set to fall dramatically, the future of bright !
Manilva property prices increased by 14.3% between the 4th Quarter of 2006 and 4th Quarter of 2007. This was the 2nd highest increase in property prices on the Costa del Sol surpassed only by Benalmadena at a whopping 27.2% !
The price per square meter built has risen from 1926€/m2 to 2203€/m2 meaning that Manilva is still the most affordable place to buy property on the Costa del Sol ! Perhaps more significantly, Manilvas property value is 22.92% lower than the average for the Costa del Sol meaning that the scope for significant price increases in excess of 20% are required simply to come in line with the rest of the Costa del Sol !
The above statistics speak for themselves. Buyer confidence is at a low due to the American credit crunch and the knock on effect it had on the UK property market. However, you only have to open the Sunday Times to see that the business pages are filled with property tycoons investing in property throughout the world to take advantage of the current uncertainty. In 2008 'cash is king' and those prepared to set themselves aside from the crowd are sure to snap up the bargains and develop a very enviable property portfolio !
To view a great selection of property in Manilva log on to http://www.barringtonhomes.eu/
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Saturday, January 19, 2008
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