Investments in Marbella on the rise

Two houses with a view on the sea

The Spanish economy is getting stronger and the investments in Marbella are on the rise too. What does it mean?  It means that the prices of properties are rising once again and more foreigners are investing. In spite of the economic turbulence in Europe and unbalanced situation on the political stage in Spain, the predictions for the property market in Marbella in 2017 look reassuring.

The Costa del Sol for some years now has been one of the most popular destinations worldwide not only to visit, but also to invest

Some of the most popular areas in Marbella like Nueva Andalucia, Benahavis and the New Golden Mile have now become the top locations as their properties are still valued at reasonable prices. With help of your agent, you can find good investments in Marbella such as Duplex Penthouse in Benahavis or Apartment in Luxury Development in Nueava Andalucia. 

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Attractive Areas to Invest in Marbella

The seafront properties will always be on the top of people’s choice as the Costa del Sol’s beachside apartments offer great views and still come at competitive prices. However, there is a shift on the Marbella property market as many buyers now choose properties on the outskirts of town. Rather than going for the less affordable Puerto Banus and The Golden Mile of Marbella, they see that areas such as Nueva Andalucia and The New Golden Mile are now getting more interest amongst the savvy investors and as such these investments in Marbella are now on the rise.

But as we may know, the demand for different locations go hand in hand with different type of buyers. When the Spanish property market showed its first sign of recovery, we saw a lot of interest from the Russian buyers in the high-end properties in locations such as The Golden Mile or La Zagaleta. As the years went by and recovery became more prominent we saw noticeable interest amongst cash buyers from Belgium, Holland, France, UK, the Middle East, but above all Scandinavia with Norway being the leader. The Scandinavian countries and Norway, in particular, are drawn by the luxury, comfort and prestige that Marbella is so well known for as well as the still very affordable house prices.

Talk to Nor Estates Now About Buying Your Property on the Costa del Sol:

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Buy to Rent on the Costa del Sol

If you are planning to rent out your Costa del Sol property now is the right time. Marbella’s property investments are now on the rise and they experience one of the fastest buy-to-rent property purchase growth. The influx of visitors is growing more every year. Hotels are fully booked long before the season begins and many tourists choose the short-term rentals on Costa del Sol, which allow them to accommodate more people at a more affordable price. A recent study by TripAdvisor has shown that almost 70% of holidaymakers prefer to stay in rented apartments as it offers them more freedom. The demand for affordable short-term rentals is increasing every year. According to statistics, over 70% of homeowners choose rent out their property when not using it themselves. More than half of this percentage has bought the property for the sole reason of renting it out and to simultaneously build their investment portfolio. If everything is done right it is a hassle free additional income for many households.