Marbella property has long been one of the most popular investments for property owners in both the UK and Spain. With house prices growing year-on-year for a whopping five years between 2014 and 2019, Marbella property offers excellent opportunities for both growth and income. If you’d like to invest in Marbella property, it’s important to be clear about what your reasons are for buying. Marbella real estate sells well for three reasons: rising property prices; a generous rental income; and a beautiful holiday home for you and your family.
Marbella real estate is a growing market
There’s no point investing half of your savings in a second home which is going to fall in value over the coming years; that’s why it’s important to look for a property market which shows growth over a long period of time. Luckily, Marbella real estate prices have shown consistent growth since 2012, with property prices rising by over 50% since then. While it’s true that Brexit and Covid-19 has led to investors being somewhat more cautious, temporarily slowing down this level of growth, it’s expected to pick up after the market settles and investors feel more comfortable about spending abroad; if anything, the current slowdown makes the market ideal for buyers who are looking for long-term gains.
Make an income from your investment
Holidays in Marbella are still extremely popular, both with Brits and travellers from the rest of Europe, which means that Marbella properties are also a lucrative source of monthly income if you’re planning on renting your property out as a holiday home. On average, investors can expect returns of between 3.5% and 10% annually on the price of their property, though this will vary between properties and depending on how you manage the maintenance of your property. Considering that this return is much higher than what you’d get from a bank, and is on top of annual market growth, it means that Spanish real estate offers even more bang for your buck than it first seems.
Enjoy a luxury holiday for a budget price
Owning your own Marbella property means that you can not only enjoy the fruits of your investment in terms of rental income and property price growth, but you can also treat yourself and holiday in your own second home in Marbella, without having to pay through the nose for accommodation.
Marbella is a popular tourist destination which will likely always remain popular due to its perfect microclimate and unique culture; for this reason, even when there are fluctuations in the market due to external factors such as Brexit and the current coronovirus pandemic, Marbella property will always be a good investment for those property buyers looking to the long term.
Click here to take a look at some of our fabulous Marbella properties for sale to find out what Marbella real estate opportunities are waiting for you!