I have been talking a lot lately about the prices and the fact that seems that the prices in Marbella are almost flat but there is something else that is the number of transactions per quarter to give you and indication of how the market is behaving. The new data has just been released by the Ministry of Housing and the numbers are going the right way. Those can be seeing in the following charts:
On the other hand, in Marbella we can see a significant increment in the number of transactions when we compare the first semester of 2012 with the one of 2013. In fact, it has been the best second quarter since the start of the crisis in 2008. If we average the number of transactions in the second quarter of the pre-crisis years, in 2009 there were 37% of the transaction of the good times, in 2011 that figure went up to 50% and in 2013 has gone up to 77%. Not bad if we take into account that the years from 2004 to 2007 were exceptional in the number of transactions. One of the big notary offices of Marbella also confirmed that they are signing 10 to 15% more sales than one year ago. In general, the indexes are getting better but it is still tough to close operations.
How do I feel it? Yes, it is a little bit better but I think there is still a way to go. The market is very volatile and world news may affect the upcoming tendencies on both ways, up or down.
If we analyze Benahavis, the number of transactions is not as good as it was in 2012, a year comparable to the pre-crisis years 2006 and 2007, but it is better than the average specially if we take a look to the second quarter.
On the other hand, in Marbella we can see a significant increment in the number of transactions when we compare the first semester of 2012 with the one of 2013. In fact, it has been the best second quarter since the start of the crisis in 2008. If we average the number of transactions in the second quarter of the pre-crisis years, in 2009 there were 37% of the transaction of the good times, in 2011 that figure went up to 50% and in 2013 has gone up to 77%. Not bad if we take into account that the years from 2004 to 2007 were exceptional in the number of transactions. One of the big notary offices of Marbella also confirmed that they are signing 10 to 15% more sales than one year ago. In general, the indexes are getting better but it is still tough to close operations.
How do I feel it? Yes, it is a little bit better but I think there is still a way to go. The market is very volatile and world news may affect the upcoming tendencies on both ways, up or down.