The Spanish property sales reached a three year high in May, up by 5% on last year and 11% on the year before. After close analysis of the report it is the resale market that has made this possible. On the other hand new home sales have fallen by 42%. This being said investors and developers do not believe this is the general trend. The Marbella property market definitely isn’t; the town hall has been giving out building licences for multi-million euros projects.