News April, 7th 2010 by

Marbella mayor: 'City has taken another step in recovery'

Marbella Mayor Ángeles Muñoz said on Tuesday that Marbella has undergone a ‘substantial recovery’ as evidenced by a housing report submitted to the Local Government Board by the general coordinator of Finance, Carlos Rubio.

The housing report shows that in the first quarter of this year, the number of homes sold in Marbella and the subsequent payment of capital gains have been ‘the most important since 2006’, the mayor said. ‘The data speak of 2,499 home sales in the first three months of 2010, compared with 820 in the first three months of 2009, and 1,263 during the same time in 2008, 1,602 in 2007, and 1,224 in 2006’.

Munoz said that such positive numbers could signify two changes in Marbella’s economy. First, they ‘confirm the hopes of the government that Marbella would be the first city to emerge from the economic crisis, and, secondly, they will help us to regain the trust of investors, providing them with certainty’, she said.

The mayor pointed out that the city has approved a General Urban Plan ‘that will serve as a lever for job creation and wealth’. She added, ‘We have decided to take that plan forward as quickly as possible to boost this recovery’.

The mayor also said, ‘Having a serious government that is trustworthy, transparent and honest gives credibility to actions taken at Marbella Town Hall’. She added that the report is an important expression of confidence in town hall by municipal management.

‘Our data provide support for the families of Marbella as important contributors to the city’s economic activity and income through capital gains’, Muñoz said, adding that she expects the recovery to affect all income levels. 

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