An Interview with Michael Liggan, by Sur in English

“Our business is growing and we’ve had a very busy summer” – Michael Liggan, Director, Altavista Property Spain.

The following interview appeared in the recent Property Investors Special supplement published with the biggest English language newspaper for the south of Spain, Sur in English, and is reproduced here with kind permission.

Altavista Property is one of the Costa del Sol’s most prestigious and experienced estate agencies. We spoke to director Michael Liggan about the property sector in the Marbella area.

Is it true that prices are on their way up again?
Yes, they seem to be, on some properties. Prices have improved since 2009, which was the worst year. All properties are different, but certainly if developments are selling well now then their prices aren’t going to go down.

Have overseas buyers lost confidence in Spain or in Marbella because of the crisis in the Eurozone?
Many did but that is partly because of the negative image of Spain which is portrayed by newspaper headlines. It’s as if the media really wanted to talk the country down and make the situation seem worse than it is. Those headlines give a bad, and false, impression. The reality is that Marbella has and continues
to draw affluent people from a huge range of countries. They’re still coming. We’ve seen many decades of this trend and it looks set to continue.

Is property in Marbella a good investment now?
Yes, it is. People of all nationalities are returning to Marbella because it’s tried and tested. People like to travel to their holiday home as often as they can and Spain is only a cheap flight away and also offers the best weather in southern Europe.

Are people worried about whether properties are legal?
Some are concerned, of course, but it has never been safer to buy a property in Marbella because the new Urban Plan is in force now, everything is very clear and lawyers are really hot on making sure that properties are legal.

How is business for Altavista Property?
We’ve just had a fantastic summer, and have sold to buyers from Britain, Spain, Russia, many Middle Eastern countries as well as all Scandinavian countries. We have now also negotiated an amazing 107% mortgage package which means buyers don’t have to put any money down and all their buying costs are already financed.

How can people contact Altavista Property?
Our website is www.altavistaspain.com and our phone number is 952 799 360

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