The Journal

Notes from
the field.

Quarterly letters. Honest market notes. The occasional client letter, with permission.

28
Entries · since 2022
AllMarketCosta BlancaCosta del SolDubaiLifestyleClient letters 2026 · Spring
i.

In focus · Spring 2026

Market · Mar 2026 · 9 min read

What the quiet Marbella spring is telling us.

A market does not crash; it whispers. This spring, Marbella is whispering — and the people who are listening are buying.

Three things have changed in the last six months: fewer launches, more discretion in the off-market, and a soft drift in the asking price of estates above eight million. None of these is a panic, but together they are a signal.

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The archive

27 letters · 2022 — 2026
I write quarterly, not weekly. The market is too important to comment on every Wednesday.

— Andrea, founder's note · 2022

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