With 25 years in the luxury real estate market of Marbella and Benahavis, I constantly analyze our dynamic land-scape based on the numbers of real estate. Latest data through early 2025 confïrms the market's resilience, showing Marbella's strong demand and Benahavis undergoing a healthy adjustment after peak growth. This continuous evolution highlights our region's enduring appeal and robust fundamentals. In delving into the specificscs, several relevant points emerge that paint a clearer picture of our current market.
1. Marbella's Enduring Strength: Marbella consistently performs above its long-term average. Despite some sales volume shifts in Q2 2024, Marbella has shown remarkable resilience. Q1 2025 started very strong, surpassing Q1 2024. This consistent performance, often exceeding prepandemic averages, indicates a stable and attractive market, a primary destination for buyers seeking high-quality lifestyles and solid investments.
2. Benahavis, Adjustment and Future Growth: After significant surges in 2021-2022, Benahavis is in an adjustment period. While 2023 and early 2024 saw reduced sales from peak highs, this is a healthy correction, not a downturn. 2024's total sales were above the 20-year aver-age, reflecting underlying strength. Benahavis offers exclu-sivity and larger plots, with this recalibration creating new opportunities. Q1 2025 shows renewed buyer interest, particularly for high-quality new builds.
"Marbella and Benahavis real estate markets conti-nue to demonstrate dynamism and resilience."
3. Navigating Market Nuances: Our market is balanced between supply and demand, with strong international buyer interest. While some segments saw reduced activity due to less inventory or higher pricing, the market as a whole progresses. Increased new-build availability offers more buyer options. Price stability, with increases in Marbella, reflects market health. Potential interest rate reductions could further stimulate demand, emphasizing the need for data-driven insights.
In summary, Marbella and Benahavis continue to demonstrate dynamism and resilience. While Benahavis adjusts post-peak, Marbella sustains its upward trajectory with strong demand and stable prices. The positive start to 2025, especially in Marbella, underscores our region's enduring appeal for luxury real estate. As an experienced agent and despite a personal feeling, as we do not have any data yet, that the market is cooling down in this sec-ond quarter of 2025, I remain confident in this vibrant market's long-term strength, driven by its unique lifestyle and sustained international buyer confidence.
Article by:
Alfonso Lacruz