There are countless good reasons why anyone should opt to buy a property in the Marbella area.
The obvious ones being it’s incredible sunny micro climate and fabulous luxury lifestyle, but industry insiders in the know, all agree that a weak euro, pre-recession property prices and a prediction of diminishing property availability in prime locations such as Marbella and nearby San Pedro de Alcantara, means that now is the time to buy your very own Marbella property!
Here are our top 5 reasons to buy a property in the Marbella area:
1. Incredible Return On Investment
If you are currently living and working outside the eurozone, especially in the United Kingdom, your ideal holiday, or permanent home in the sun will cost you substantially less this year, than last year. Earlier this year, around mid-March, the pound sterling reached a seven-year high against the euro, with a rate of 1.42. Analysts at Lloyds bank say that over the next few months, they expect GBP/EUR to settle around the 1.37 level.
2. Affordable Prices
Property prices have recently decreased to pre-recession levels and they have also gone down by about 40% following the peak property prices, just before the bubble burst in 2007. Some areas have seen reductions of 70%. The Credit ratings agency Fitch, recently predicted that Spanish property prices are set to continue to rise in 2015, and this is especially true of prime locations such as Marbella and surrounding areas.
3. Blink And You’ll Miss It!
Although there are still a huge amount of unsold homes in Spain, the quality homes, which are great value for money in Marbella, Estepona and Benahavís are selling extremely fast. The Spanish bank BBVA predicts that increased property sales in Spain during 2015 will be “accompanied by a moderate growth in prices over the coming months and year ahead.
4. Excellent Transport Links
With two international airports 45 minutes equidistant from Marbella, the high speed AVE train to Madrid and the new motorways, the Costa del Sol has one of the best travel networks in the Mediterranean. There are a rising number of daily international flights to Malaga and with the amount of budget airlines flying here, some say it is cheaper to live in Marbella full time and commute to London to work! These jet setters spend the week working in Northern Europe and fly down to Marbella at the weekend, to enjoy the Spanish sunshine!
5. Marbella Is THE Place To Retire!
Last year Spain officially became the most popular place to retire to in Europe and it came in at 5th place in the world, according to the Annual Global Retirement Index.
British buyers especially, will soon have some extra funds to invest in overseas properties. Changes, due to come into action in April 2016, will give people more choice as to how they receive their pension. The over 55’s will be given an option as to whether they take their pension in several small sums, 25% tax free, or whether they take one single sum and potentially be taxed up to 40%.
Marbella really does offer the full package, when it comes to an exotic lifestyle; where else in Europe can you enjoy a glass of wine on the beach and hit the ski slopes in the same day? Spain has a rich culture and all of the first world conveniences you could expect from a European country, but it also has a laid back culture, delicious food and wines, and a society which places great value on family and friends.