According to recent official property reports, the recuperation of Spain’s economy is already well under way. The prediction for a dramatic improvement over the next two years has been based on the decrease in unemployment and the improvement of banking and mortgage conditions. As indicated by the Spanish national foundation of measurements (Instituto Nacional de Estadística – INE), in the second quarter of 2016 Spanish Gross domestic product was 3.2% and it is regarded to be the Eurozone propeller of development.As a result of that and due to Marbella’s privileged geographical position, here are 5 reasons you should invest in property in Marbella
A Desirable Location
This is without a doubt the reason number one for all investors, as Marbella is strategically positioned close to all of Europe’s vital commercial points, it has fantastic high speed train connections from/to Malaga; boats, ports, and marinas to Malaga, Algeciras, or Puerto Banús, and in addition frequent European flights from both Malaga airport and Gibraltar. All of these factors combined makes Marbella a jewel to be discovered thanks to its climate and culture.
A Thriving Real Estate Market
The real estate market in Spain, and more specifically, the Costa del Sol is one of the best valued areas for real estate investment. Whereas property value in mainland Spain is increasing between 20%-30% annually, in Marbella this percentage is within the higher range and sometimes even goes over it. 25% of Europeans are thinking of retiring abroad, and southern Spain is one of their favorite destinations.
Quality Of Life And Microclimate
It is no secret that Marbella is one of the few places in Europe where people dream of living, where the quality-price ratio regarding leisure areas, restaurants, sports clubs, and water sports is one of the best in Andalusia. Marbella’s microclimate offers sunshine year round and even in the cooler months of January and December, it is still possible to sunbathe. Rain is almost unheard of in Marbella, meaning that many people are able to enjoy outdoor activities like Golf and hiking year round.
Some Of The Best Golf Courses In The World
Marbella, in particular the municipality of Benahavis, features the widest quality golf course offer in Spain and indeed the highest concentration of golf courses in all of Europe. One of four of Spain’s Top 100 golf courses is in Marbella and there are courses to suit every level of ability.
Appealing Property Prices
Since the property crisis in 2006/7 to 2016 prices have decreased up to 50% on average. The low interest rates of the Eurozone have resulted in the purchase of properties being the best investment compared to other possibilities. More specifically, in Marbella sales have gone up in the first 2 quarters of 2016 and it seems that they are going to stabilise over the next few years.
If you would like more information about how we can help you find your ideal home or property investment in Marbella, please contact us today to discuss your requirements.