Again good news, the number of transactions closed in the first quarter of 2016 in Marbella and Benahavis keeps its growing tendency. 2015 was the best year since the crash in 2008 and 2016 is starting in the same way, specially in Marbella. In Benahavis, 2015 was not as good as 2014 but the number of transactions closed both years are better than the ones of the pre-crisis years 2006 and 2007.
Seems now that the tendency is stable and, despite all the destabilization issues like the derogation of the 2010 Urban Plan for Marbella, the Brexit vote and the instability in the Spanish political situation, is has come to stay. Although this growing tendency has not have yet a major effect on the increase of the prices, if this increasing number of transactions is able to reduce the number of properties for sale in the market, it will sooner or later impact the prices and we will start to see a positive change also in that index. Therefore, and in general, we are in a situation with an increase in the number of transactions, a stable number of properties for sale in the market, after the important increase in the inventory in the last two years, and stable prices with a slight tendency up. This is a good starting point for the recovery of the prices and are really good news for those hardly hit by the crash. In any case, I hope that the growth this time stays stable and we do not live again the crazy and speculation period we lived from 2003 to 2007 that brought us the consequences we all know and suffered.