Many people dream of owning property on the Costa del Sol – this beautiful area of Spain is popular thanks to its miles of stunning beaches and perfect weather all year round. You might not know that this dream can be turned into a reality relatively easily thanks to low property prices currently available throughout the region.
All British citizens have the right live and work anywhere within the EU so there is no red tape to fight through and there is a thriving community of British expats that will help you adapt to your new surroundings.
Marbella is one of the jewels of the coastline and one of the hotspots for Brits looking to buy a Spanish villa. It’s a great choice if you are thinking of buying a second home or moving to Spain for good. Whether you’re looking at a beachside villa property close to the Golden Mile or heading further inland to luxurious developments like La Zagaleta, there is a huge variety of incredible property available.
But is 2016 the right time to invest in a villa in Marbella? Let’s have a look at some of the reasons why this could be a great choice for you.
Strength of the pound
The pound is currently very strong against the Euro. That means that you can get more for your money when you invest in European properties simply by the virtue of a great exchange rate now available. The strong position of the pound means that these great value villas are can be bought at prices that are hard to turn down.
As Europe stabilises its economy the Euro is likely to start making gains against the pound, so this really is a case when it is best to act sooner rather than later if you want to make the most benefit from the situation.
Good prices
Property prices in and around Marbella slipped during the recession and they are still in a very favourable position in terms of investment. During the economic downtown prices slid by up to 40 per cent. Over the course of the past seven years the prices have slowly started to edge upwards again, but you are still in a fantastic position to make a lot of money out of your property investment here.
Many people picturing Marbella only think of superyachts and ultra-luxury villas – while you can definitely find plenty of these, a range of areas in and around Marbella are now far more affordable. It is now possible to invest in your dream villa in one of the world’s most sought-after locations.
Areas gaining popularity
Marbella has always been known as a favourite destination for the rich and famous thanks to its swanky villas and amazing natural beauty. Up-market areas including the La Zagaleta in Benahavis, the Golden Mile and Golf Valley will always command a premium for their exclusivity – so if you are looking for true privacy and serenity these are some of the best options.
On the other hand is it also easy to find stunning properties in excellent locations that you don’t need to be a millionaire to afford.
Multi-faceted investment
Investing in Marbella can be exceptionally valuable for more than one reason. Firstly, Marbella is a great place to relocate to if you’re in a position to live and work in Spain. The area has excellent facilities for families and the quality of life here is second to none. But if you’re aren’t planning on living in Spain for the foreseeable future there are still plenty of valuable reasons to buy.
Marbella is a great choice for a holiday home – popular year round, you can easily hire out your villa whenever you’re not using it. The Costa del Sol is one of Spain’s most renowned and enjoyable holiday destinations, so a holiday home here is a very smart investment.
And it’s also worth remembering that Marbella is a great place to retire to. Even if you’re not currently thinking about your options in retirement it can be fantastic to have a ready-made property in the sunshine just waiting for you when you have finished working.
Article provided by Mike James, an independent content writer working together with Marbella’s largest and longest running real estate agent Panorama.es, who were consulted over the information in this post.