Marbella property has always been popular amongst the rich and famous, however recent statistics reveal that an influx of Ultra High Net Worth Individuals (UHNWIs) have been actively hunting for ‘safe havens’ for their money, thus allowing them to take shelter from the volatility of the financial markets.
This has been an especially poignant topic for those who originate from various countries which continue to experience domestic economic problems—particularly Russia, the Middle East and. Not forgetting the importance of Chinese investors, (who have recently made huge investments in Marbella property) and it is apparent that high-end properties across the world are viewed as an excellent investment choice, to ensure funds are kept safe guarded from fluctuating economies. Marbella’s real estate industry is well placed within the global market, when it comes to attracting UHNWIs for property investment—something the upmarket resort has not only been traditionally very good at, but in which it would appear to be increasing its market share.
According to a recent Knight Frank Wealth Report, the primary reasons UHNWIs are actively seeking to purchase residential property are for investment purposes to resell in the future, allowing them to diversify their holdings and as a safe haven for funds.
A Bright Future For Marbella Property Investment
The report highlighted the fact that over 24% of UHNWIs’ wealth is tied up in their primary residence and second homes, with another 11% in other real estate investments, compared to 28% in financial markets via equities and bonds. This is extremely good news for affluent destinations such as Monaco, St Tropez and Marbella, which are well positioned to benefit from UHNWIs looking to invest in luxury homes.
The future for destinations such as Marbella, in particularly the Golden triangle which includes Benahavis and Estepona, looks even brighter when you consider previous statistics and reports, which have shown that whilst major cities around the world have been the main target for international investors looking for homes within the luxury property market during recent years, powerhouse markets such as London and Hong Kong seem to have reached the peak of their popularity, thus making the super-rich to look to other destinations such as Marbella for value, as well as lucrative investments.
Excellent value for money is something that Marbella certainly offers, with exceptional and luxurious properties available at competitive prices, compared to high-end real estate in other popular holiday destinations. Furthermore, investors understand that the Marbella real estate market is on a steady incline, with strong potential to make capital gains in the next few years.
This is further highlighted by a report in the Euro Weekly News which revealed that for the first time ever, Malaga-Costa del Sol airport registered more than 4,000,000 passengers during the first four months of this year and altogether the airport dealt with 4,069,493 passengers from January 1 to April 30, which is 15.3 per cent more than the same months in 2015, AENA airport management has reported. The best month was April, with 1,445,964 people travelling to or from the airport on 10,535 flights.