Marbella is most concentrated city real estate purchases by foreigners in Malaga and Puerto Banus, Golden Mile and Guadalmina Baja are some of the most exclusive areas.
The city of Marbella has 35% of tourism throughout the autonomous community of Andalusia. Known as the Costa del Sol, Costa del Golf, or the Florida of Europe, it belongs to Malaga, located in the community of Andalusia and has one of the best climates in Europe with 300 days of sunshine a year and an average temperature of 19º C. therefore has become a favorite for vacationing in Europe since the 50`s destinations.
It should be noted that 85% of the properties purchased here are acquired by foreigners, mainly Europeans, in luxury properties. Citizens of countries like England, Germany and France are the largest buyers here, and is mainly due to the strength of the economy of their countries was not so affected during the years of the crisis that began in 2008. Thus, many they decided to seek out properties with low prices.
Real estate market in Marbella
The growth in the real estate market in the region has been increasing slowly since the recession began in 2008. Only in 2011 an increase of 21.1% with a total of 2531 sales were recorded above rest of the other municipalities of Malaga and Estepona and Benahavis.
The maximum number of sales recorded in the city occurred in 2006 with 4432 sales of properties in Costa del Sol, while the lowest was 2110 in 2008. Since then, the market has shown a positive trend, which is expected to continue this year.
Málaga, the province where Marbella is located, is the second in Spain with more foreign buyers where a total of 4,739 properties were sold for the first quarter of 2014. This market recovery in the region is evident that started from the year 2012.
Growth has experienced both in terms of sales, which saw an increase of 28% by the end of 2014 in terms of shopping, and a rise of 2.2% in property prices for the same time.
During 2015, there was an increase of 6.6% in prices with an increase in sales of 9.8%, in terms of mortgages, 20% were granted. 2016, is expected to continue with 6% growth in prices, although in some areas of greater demand in the city, may increase this figure.
Why invest in Marbella?
– Marbella is considered a traditional destination within Europe whose tourist activity began since the 50s, in which mainly emphasizes its climate, which is considered the best in the Mediterranean.
– Its green areas are some of the largest in the coastal areas of the Spanish coast.
– The infrastructure and tourist services are of the highest quality in Spain, so their influx of tourists remains constant throughout the year, and even in the winter months an average of between 200,000 and 300,000 tourists reached for keep the city moving and invest in properties in Marbella
– The composition of the inhabitants of Marbella, come from more than 120 different countries, for this reason, people from all over the world feel comfortable investing here and that is a multi ethnic and international environment, although of course, by the geographical proximity, European investors are the most prevalent.
– The city is constantly cited in articles and both digital media and physical in newspapers of Spain and international, which makes the interest of more and more investors from abroad wake up.
Puerto Banus represents the ultimate in luxury and exclusivity that can be found in Marbella, which brings together shops, yachts, top brands shops, restaurants and hotels. It is for this reason that year visited by more than 5 million people.
In the port are some of the largest and most luxurious yachts in the world, so the price of mooring exceeds 2500 euros, and is the most expensive room in the world behind only three Italian ports.
The biggest fashion brands the world like Dolce & Gabbana, Gucci, Louis Vuitton, Dior, Hermes have their shops in Puerto Banus. The same applies to restaurants and clubs where artists and celebrities share the music of the most famous DJ`s of the music scene in places like Olivia Valere, Pangea, Cavalli, Seven, Tibu, among others.
As the housing market is concerned, Puerto Banus presented a positive performance during 2015, and is expected to continue in running along the trend of the rest of Marbella. The price of a luxury apartment in Puerto Banus can reach up to 1.5 million euros in the most exclusive resorts in the area, however; it is also possible that they are by lower priced around 250 thousand euros, but would not have the same view and luxury as above, it is also necessary to note that the closer is at the center, the higher the value of the property.
The Golden Mile
Some of the most exclusive properties across the city are here. La Zagaleta is one of many examples of luxurious developments in the city. Here you can find Golf Clubs only for private use.
One of the most important properties of the Golden Mile is the house belonging to King Fahd of Saudi Arabia called Al Riyahd in El Batatal. Along with this there are also other luxury properties that extend along the 4-mile run from Puerto Banus to the west of Marbella. In addition to the most luxurious properties, are also restaurants and most luxurious hotels such as the Marbella Club Hotel.
For all the above, the property prices are quite high, and the closer you are on the coast, the higher the cost. Being close to the coast, property prices start at 400 thousand euros and can cost several million euros. Last year, the property was higher cost purchased a mansion bought by an American investor at a cost of 12.5 million euros, in La Zagaleta.
However, other properties that are not in a less privileged position but they remain within the Golden Mile, can be achieved from 210 thousand euros and two-bedroom apartments.
This is one of the favorite British buyers, who are the biggest investors across the Costa del Sol, according to real estate experts like Ignacio Acosta. Nueva Andalucía can be considered an extension of Puerto Banus with a tendency to be more residential. in addition to three golf courses account, which attracts many visitors and tourists who help the reputation of Marbella to be known as the Costa del Golf too. These fields are Los Naranjos, Aloha and Las Brisas, all located close to each other, and are the razñoon of that Nueva Andalucía is also called the Villa del Golf.
Notably, entertainment sites in Nueva Andalucía, are aimed at foreign investors or immigrants in general, and is very close to Puerto Banus, but without being surrounded by the noise, traffic and crowds that characterize the port .
Currently available in the area are second-hand properties, or resale, since building land is scarce. The price of the properties can be very variable, and you can get property for 260 thousand euros, but if we move to the built in valleys of the golf villas, can reach up to 585 thousand euros.
It is the beach area, located on the edge of the coastline, as Guadalmina Alta is separated by the homonymous river, and also serves as a border between the towns of Marbella and Estepona.
Guadalmina Baja has a prestigious location being close to both Puerto Banus and Estepona and San Pedro de Alcantara. The resort began its development since the 60s and was revived in the 80s, and continues until now. To this it is added that owns a golf club belonging to Hotel Guadalmina which overlooks the sea.
Most properties in the area is large mansions and luxury villas are priced at several million euros. Other smaller properties can also be found, near 8th Street, with prices starting from 450,000 euros. If what you want is an apartment, like most buildings are in lane 3.
It is located east of Marbella, and is the area preferred by the British. This is a residential area with large green spaces that lead to the beach, so much of buyers choose it because it is easy to access and walking or by car. It also has 2 golf clubs, these are Santa Maria and Elviria Hills. It is also the site where the most important nightclubs of the city that are located on the beach, including Nikki Beach.
Elviria is different from the above-mentioned areas of Marbella, since it is not characterized by luxury and not be so exclusive, which helps the prices are a bit lower and accessible to buyers. Prices in the area generally ranging between 200,000 euros and 700,000 euros for 3-room apartments that are among the most sought after by family groups.
Marbella offers investors a wide variety to choose the kind of property they want. However, speaking of Marbella we speak of luxury and exclusivity, so the areas selling are central and large turnout as Puerto Banus or the Golden Mile, and Guadalmaina where you can find some of the most sumptuous properties region, such as mansions and luxury villas. Other areas tend to be more residential and Nueva Andalucía and Elviria are some of the favorite of British citizens. It does not matter where you buy, can be certain according to the real estate market in Marbella that your investment will be profitable.
Written by: CAPD
Contribution to the reader: know the main areas to buy property in the city of Marbella, describing and explaining the type of available properties.