Latest price reductions Marbella property

January 27, 2010 - Posted By (Admin) in (Properties for sale)

Everyone seems to be interested in the progress of the prices of property on the Costa del Sol. We would like to present you some of the latest price reductions on our Marbella property portfolio.

Reduced property 1

Reduced property in Hacienda las Chapas € 1.050.000,-

 

This property used to be priced at € 1.395.000,-  a reduction of approx. 25%

Reduced property 2

Reduced property in Marbesa € 895.000,-

 

This property used to be priced at € 1.200.000,-  a reduction of approx. 25,5%

Reduced property 3

Reduced property in Hacienda las Chapas € 1.500.000,-

 

This property used to be priced at € 2.800.000,-  a reduction of approx. 46,5%

Reduced property 4

Reduced property in Costabella € 450.000,-

 

This property used to be priced at € 600.000,-  a reduction of approx. 25%

Reduced property 5

Reduced property in Carib Playa € 850.000,-

 

This property used to be priced at € 1.200.000,-  a reduction of approx. 29%

Reduced property 6

Reduced property in El Rosario € 850.000,-

This property used to be priced at € 975.000,-  a reduction of approx. 13%

Reduced property 7

Reduced property in Hacienda las Chapas € 2.100.000,-

 

This property used to be priced at € 1.600.000,-  a reduction of approx. 24%

Reduced property 8

Reduced property in El Rosario € 3.900.000,-

 

This property used to be priced at € 4.900.000,-  a reduction of approx. 21%

Reduced property 9

Reduced property in Los Monteros € 4.500.000,-

 

This property used to be priced at € 6.000.000,-  a reduction of approx. 25%

Reduced property 10

Reduced property in El Rosario € 599.000,-

 

This property used to be priced at € 800.000,-  a reduction of approx. 25%

Our experience is that the average difference between asking price and selling price is around a 10 %. For properties already heavily discounted this will be lower, for other ones much higher up to 30 %. We can comfortably state that selling prices have dropped between 35 and 45 % since 2006. This is a good moment to step in.

Please contact us for more details on these price reductions.