The Wall Street Journal Says Marbella is
Southern California of Europe
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Marbella has always been considered as the California of Europe
with its 320 days of sunshine a year
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Over the past few weeks media from both sides of the
Atlantic have been going crazy about the Costa del Sol; both for its potential
as a cultural holiday destination but also because it is one of the best places
to own a place in the sun. Malaga city in particular has had plenty of articles
praising it showing up all over. The Daily Mail declared Malaga the “New
Barcelona” at the beginning of April and now Marbella is back in the spotlight
after being compared, in a good way no less, to Southern California by the Wall
Street Journal.
Beneath the headline declaring “Marbella Makes a Splash” the
article focuses on, expectedly, the high-end homes of the resort including
places in the Golden Mile, Los Monteros, Sierra Blanca and La Zagaleta, where
price tags can begin as “low” as €5 million. The report noted that
new-generation homeowners will head to Central or Northern Europe to take
breaks in the sun. It also included a brief look at how the town has evolved
since the 60s and 70s, along with a gallery of images and videos feature some
of the most famous landmarks and luxury mansions of Marbella.
The property prices in Marbella have recovered from their 15% drop
and are now back at pre-crisis levels. It also goes on to say that there is
more interest from buyers in Scandinavia and the Middle-East, along with an
improved infrastructure and plenty of year-round appeal to younger buyers. All
of this goes together to create a town on the rebound that is starting to look
more like south California than south Spain.
