subject: Costa Del Sol Property Market For 2011 [print this page] So what is the future for the market in Costa del Sol as we head to 2011 and when will property prices start to rise again? These are all very good questions and the answers to these questions will differ depending whereabouts in Costa del Sol you are buying and if you are a local or international buyer.
Firstly where you buy is the major factor because besides what the international press would have you believe there are some areas of Costa del Sol that actually saw property increases this year and incredibly
So in this market if you're going to be looking for a deal in 2011 you will still find a good deal where there is a huge oversupply of property and that happens to be in Costa del Sol However be warned these property deals are what I would call secondary locations and in Costa del Sol for example prime locations have actually sold for more money in 2010 than they did in 2009. Costa del Sol is in reality becoming a two tier or three tier market in one. What I mean by that is it's now very hard to buy a prime location apartment for under 300,000 in Marbella and you're more likely to have to spend closer to 500,000 for real prime location. However in Calahonda you can still buy a two bed Apartment for under 150,000 but not much.
The other factor concerning the Costa del Sol property market is if you're buying an international property or a local property because the local property market is going to take longer to recover and have price increases but most International people wouldn't want to live in local housing. However in 2011 you can be sure that overall prices will cost you more for international property than it would have done this year and certainly 2009.
There will be some people who didn't buy in 2009 and 2010 who will not be able to bring themselves to pay more for a property they missed out on but that line on thinking is only going to compound the original error and cost the buyer more money in the long run.
My advice would be to take advantage of the Costa del Sol property market this year if you are able to.
