Property Investment In Marbella: Why It Makes Sense!
Since the Marbella area has been making a comeback after its famous crash, property prices in the popular areas like Nueva Andalucia, Benahavis and the New Golden Mile are rising with every month that passes. That said, prices are still affordable and there are some excellent bargains to be found. The Costa del Sol is one of the most popular destinations worldwide for people to purchase second homes or even relocate permanently and there are countless reasons why the time is now for property investment in Marbella, regardless of your requirements.
If you know that at some stage in the future you will be wanting to relocate to the Costa del Sol, or you simply want to take advantage of owning property which is still affordable, but set to rise dramatically in value, then here are the two main reason that property investment in Marbella makes perfect sense!
Short Term Holiday Rentals In Marbella Are Rising In Popularity Again
This summer we have seen an influx of visitors already and its only July! With many of the centrally located hotels that are affordable being fully booked, many tourists are turning to short term rentals that can accommodate more people at an affordable price. Even two years ago there was far more supply than demand with regards to holiday apartment rentals, but that is changing already and more home owners who have already made a property investment in Marbella are benefitting from more bookings flooding in and they are able to charge a higher rate during the peak season. Flights still remain affordable and due to the fantastic weather the holiday rental season now lasts from approximately May- November, with many apartments and houses being solidly booked for 5 months of the year.
In 2015, 25% of the increase was due to private short-term holiday rentals. An estimated seventy million tourists will be visiting Spain this year alone, if you own a property in a prime beachfront location like the Golden Mile or Puerto Banus, you will be able to enjoy a hearty income for the best part of the year. If you look at your property investment in Marbella as a feasible business opportunity and you do things correctly, your house or apartment could actually end up paying for itself!
It doesn’t make any difference if you eventually want to move to Marbella, or you simply want to take advantage of a property investment in Marbella to renovate and sell on, providing that you’ve selected a quality property, it is a financially sound strategy.
UK Buy-To-Let Investors Are Heading For Spain In Large Quantities
The buy-to-let market in the UK became so successful in recent year, that the Government decided to impose higher taxes and other challenges on said investors which came into effect in April this year. Understandably, this has resulted in many Brits looking at the Costa del Sol for property investment in Marbella, where they will not be subjected to such restrictions and costs.
In light of the fact that rental prices in the Marbella area are increasing when it comes to both long-term and short-term lets, investors can take advantage of the capital growth and appealing annual rental yields. More Spanish people are also choosing to rent properties rather than buying , perhaps because so many of them are not in a financial position to purchase in the current climate.
Regardless of your motivation for property investment in Marbella, Fab Property can help you find the perfect property. If you would like more information on property investment in Marbella, please contact us!
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