- In about four years the construction of a Construction will be completed with 200 properties and whose cost is 150 million euros
- Marbella is crowned at the top in the number of private clinics, sports facilities and private schools
- The properties in the area can be rented for up to 1,500 euros per week
When local and foreign, especially British and Germans make the decision to invest in a property in Spain, there are many areas where they have the choice and opportunity, and we are certain it will be an excellent business without But there are some places where it seems that there are hundreds of benefits that leave us no excuses for it, and Marbella and its surroundings is undoubtedly a destination that guarantees your investment when buying property. Investments in Marbella are increasingly common, especially by tourists who know the area after they decide to buy a holiday home or second residence
The high standing property investment returns to Marbella
Real estate investment quality again seize Marbella, which will bring undoubtedly further growth in the area and that more and more investors, especially foreigners are willing to buy here real estate, either as a second home, for live or even to rent, which has become an excellent business today.
Recently, one of the largest investment funds US announced that it will use about 120,000 square meters east of Marbella for the construction of 200 luxury properties in Santa Clara Golf urbanization. This project will be developed in phases and will involve the creation of 400 jobs over the next four years, and in turn mobilize an investment of about 150 million euros. About Marbella, we can also say that is the perfec time for relaxing and for people who want to spend a quiet old age.
Undoubtedly people who want to invest in residential property must first assess the environment of the town, and of course investigate what type of projects are being carried out to see if eventually the area will or undeveloped, allowing that housing can increase in value, you invest in good businesses and services, and of course is an area that grows frequently, otherwise, if it is a place where projects are not carried to push through the city, the property will lose value and therefore will not have been a successful business. For this Marbella shows us once again that is an area that is progressing.
Rich people interested in investing in Marbella
With regard to this project we can then anticipate that the works of the first twenty villas whose designs have planned that are totally different began to construct makes a couple of months. And even though the prices of these houses known as “high pompadour” or high standing range between 1.5 and 2 million euros, and 70 percent of the units of this first phase are sold and which in addition to over time and to complete construction of the entire project will take about four years will have been appreciated.
Among the buyers, among which there are a lot of foreigners, there are many Scandinavians, again the British that we can say that they are lovers of Spain, the Central Europeans and Russians also are even four players from various European leagues among buyers, but so far their identities have not been revealed.
It can also be said that taking into account other projects carried out in the area, there is a significant demand of properties in sale in properties for sale in Costa del Sol, but, especially in Marbella, which are mostly sold in just 2 months following its release, and that according to the Association of Architects of Malaga itself, they are awarded each year more and more building permits in the area.
It is the star of the housing market in the region
Marbella has managed to remain as the brightest star in the real estate market in the area, which can show very easily, and that is where the time remaining properties on the market is lower, of course for that price must be realistic, and even in this region we can say that there is a shortage of available homes in places that are privileged, as they are facing the sea, and where there spends waiting lists for some types of properties.
If all this then you also add the fact that there are too many real estate assets held by financial institutions, and as a result has resumed the construction of new homes, although it is focused initially on individual villas and small and medium-sized apartments and villas promotions. The latter reflect a more natural way the current trend in demand for houses modern style with the latest technological details. Similarly it should be noted that recent sales plan of some projects indicate that there is only a strong demand for this type of property in Marbella but also confidence has returned to the market and that there are customers who are willing to buy even before that the construction is started formally.
Statistics show that the area will continue to grow
The indexes seem to follow then pointing in the right direction, and an important reflection of both the demand and the number of sales continue to grow, it is the start of many sites real estate agencies. And the increase in sales reflected empirically in the official statistics published by the Ministry of Public Works revealed a 27.7% increase in home sales over the previous year in the towns of Marbella, Estepona and Benahavis and this trend is expected to continue during 2016.
Also in the second quarter of last year, home sales in Spain rose by 14%, which is its highest level in the last five years. According to the latest figures, until June were sold in Spain some 104,530 homes, representing an increase of 13.9% compared to the same period last year, this according to data published by the Ministry of Development . To find a second quarter as good must go back to 2010, when 153,164 homes were sold.
Although the property prices bottomed out at national level makes a couple of years, Marbella and has been a moderate but significant increase in the cost of some properties that are specifically located in the most sought after areas.
Of course this process of re-activation of the real estate market in Marbella is seen most clearly in those areas with higher demand and this trend that began in Marbella, will soon extend beyond the municipality to revive the market in Estepona, Calahonda, Mijas and even including in areas such as Fuengirola, Belamadena and Sabinillas.
High demand for rentals in the area
One of the main reasons that makes foreigners to invest in the area is because during your vacation can quietly visit the area and stay in their own property without paying hotels, and during the months that are in your country can use to rent them and so get some extra euros which of course really know how to take advantage.
It is for this reason that there is a strong demand for rentals, both type holiday and long term, especially in the upper middle field site where prices range from 1,500 € per week during peak season, a figure really appetizing and that eventually can then leave significant gains.
Again, the properties most wanted are modern and those of good quality that are located in the most famous and preferably areas overlooking the sea for customers who are increasingly demanding both in terms of facilities as facilities. New laws that apply to rentals short term insurance will raise the level of professionalism in the market for vacation rentals and any type of investment in this way then adapt housing to the standard amenities one expects will be seen offset by greater benefits. So we are sure that if you want to sell your home in Marbella, you will a have a lot of investors interested.
It is the ideal place for families looking for quality of life
According to Diario Sur, Marbella has been positionedas the Andalucian municipality with the highest quality of life, according to the study that offered such a result and as a reference some 14 variables to measure the degree of social welfare, Marbella leads the ranking as a result of thrust of the service sector and the high purchasing power of those who invest and live in the area.
Marbella, and in general all the Costa del Sol, is a benchmark of world tourism for several years and even decades. Very often we talk about its magnificent and enviable climate, its location, and the wide tourist offer with the account, however it was recently when that quality of life was achieved quantify. And is that a recent report offered by the Institute of Statistics of Andalusia (IEA) has revealed that Marbella is the municipality of Andalucia greater social well-being and it took as reference 14 variables that grouped into four main areas: income, services and community facilities, access and quality of housing, and training and education.
The powerful weaving companies, and the investment appeal of the last 10 years have generated a high amount of private facilities, which thereby increase the number of health, sports and leisure services in particular. And that is as thus also Marbella crown at the top in the number of private clinics, sports facilities and private schools with a high quality education.
Of course we can not overlook that Marbella is the city with more golf courses. One of the main features is that it is a commercial area, and as a result, also makes hostel many public services, both leisure and health. Precisely this comprehensive tourist offer both private and public must be added. It is even the Andalusian town that has a large number of hotels per inhabitant of Andalusia and also to increase trade and tourism has one of the most luxurious ports of Spain, Puerto Banus, which located six kilometers from the city center.
Of the 154 municipalities that were examined in the study ‘Dynamism of the cities of Andalusia’ stands out above all Marbella, which also leads the top of the richest in the autonomous region as a result of analysis of the services sector, income and the economic capacity of its people, this is undoubtedly a privileged position it shares with other towns on the Costa del Sol as Fuengirola, Torremolinos, Benalmádena and Estepona, which will be talking to our portal. Although Marbella is the Andalusian municipality with greater dynamism in the tertiary sector, it is Estepona is the one with more services per inhabitant.
The best prices on properties
Today the estate agencies in the area receive hundreds of clients interested in investing in the area, especially foreigners, specifically in countries like Sweden and the United Kingdom, or the Netherlands, who are practically blown away with what they can afford in Marbella. And with an average budget of 500,000 € you can buy a modern townhouse with 3 or 4 bedrooms in Marbella, unlike other highly desired by Europe or the world, such as London, where it can easily cost twice as much, destinations or even more.
In addition, the properties that are offered here are constructed generally following high standards of quality, including balconies, basements, air conditioning, garages, laundry rooms, multiple bathrooms en-suite and of course the best security systems. At the same time, developments which are located generally offer recreation areas or common areas such as gyms, indoor and outdoor pools, community spaces and security.
In general, we can say that foreigners can enjoy here a higher level of life they could enjoy in their home countries. Real Estate businesses are increasingly common in the area, so remember to seek advice guaranteed, for this we invite you to contact us and OU group of professionals will be willing to help immediately
Marbella is ranked as one of the most recommended for property investment in Spain zones, and undoubtedly the characteristics that we have mentioned throughout the article as excellent rental market, investment upscale, quality of life, the projects are carried out and all the quality services offered, demonstrate that there is no time to lose, it is better to hasten to acquire as soon as possible a home and take advantage of every opportunity.
Drafted by: MARA
Word Count: 2260
Contribution to reader: this article provides a kind of guide on the main reasons for buying property in the area, where foreign investment is highlighted, the strong demand for rentals and the excellent cuisine.