At the last count, Marbella had over 40,000 expatriates who decided to shift their lives to these beautiful shores on the Costa Del Sol. Are you considering joining them? Or perhaps you prefer to take advantage of this trendy destination by investing in property in the region. Either way, you can learn more about Marbella here. This guide will tell you what you need to know about the Marbella real estate market and why you should consider buying a house here.
It’s Sunny
Marbella is one of the sunniest places on earth, with over 320 days of sunshine yearly. And we all know that daily vitamin D is great for our mind and body!
A sunny destination is what you need for your real estate investment if you want to make money from vacation rentals.
People want to take their main summer vacation somewhere hot where they can get a suntan and swim in a cool pool. That means you’ll get a superb return on your property investment.
Even if you don’t plan on renting your house, buying in a warm and sunny climate gives you plenty of opportunities throughout the year to enjoy long and lazy days sitting outdoors.
Property Prices
None of us can predict the future, and that’s undoubtedly true for property prices. But some facts help us determine if a property is likely to increase in value based on what’s happened in the past.
You want to invest in a location always performing well, and Marbella ticks that box. It’s consistently one of Europe’s top performers for real estate sales, whether that’s the number of sales transactions or property prices.
People love to buy here, and it attracts a wealthy crowd, so it weathers economic storms well.
Plus, real estate in Marbella is relatively stable as there is a large population of retirees in this part of the world.
It’s a strong market with a healthy growth rate. Moreover, you won’t see the risky fluctuations in your investments that you could if you put that money into stocks or cryptocurrencies.
It’s Beautiful
Looks count when it comes to property. And Marbella has it all. The scenery in this region of Spain is breathtaking and one of the reasons it attracts so many tourists yearly.
Marbella has lovely, clean, sandy beaches. Dotted along the waterfront are neat lines of smart palm trees. Buildings are bright white, and seafront hotels are exotic and glamorous.
In the background, behind the most built-up part of Marbella, you’ll see national parks, green hills, forests, and the Sierra mountain peak. And all of this scenery is quite often set against a clear blue sky.
It’s Prestigious
Marbella has a reputation for glamour. It’s a fashionable destination that attracts the wealthy and famous. Having a real estate property here will look impressive on any property portfolio.
And there are many ways Marbella continues to appeal to millionaires and billionaires. For instance, it offers an exclusive marina for those fortunate enough to head to this coastal destination by private yacht.
And the main shopping streets in Marbella (known as the Golden Mile) boast some high-end brands. Here you’ll find Louis Vuitton, Gucci, and Dior.
Marbella also has a wealth of fine dining restaurants, including Michelin-starred establishments. And for the younger crowd, there are plenty of trendy bars and nightclubs with exclusivity you won’t find in other parts of Spain.
Rents in Marbella Are High
Since Marbella attracts a wealthy crowd, rental prices are high compared to other parts of Europe. That’s a bonus if you intend to invest in a property to let, either long-term or as a vacation property rental.
You could see fantastic annual returns on your property, and anywhere between 5-10% is a realistic figure for an investor buying here.
Since Marbella is a sought-after tourist destination, you’ll never be short of people to rent your property.
Even in an economic downturn, you’ll still see plenty of demand from people looking for a classy, sunny holiday destination in Europe.
And since it’s a popular international destination, you’ll have the opportunity to rent your property to a global market, giving you many ways to keep your rental price high even if local demand drops.
You Could Buy and Upgrade
Marbella is a well-established part of Spain and has a wide variety of prices, from brand-new luxury apartments to million-dollar villas to traditional townhouses.
So there are plenty of choices, and you could look for a house needing renovation. That gives you lots of options. It either means you can buy something in your budget that you can eventually turn into your dream home.
Or you can renovate, sell for a higher price and make a healthy profit.
Since Marbella is such an in-demand real estate market, you’ll find plenty of local contractors and suppliers to help you turn your property into something good enough to get you trending on Instagram!
There Are Lots of Activities
If you intend to live in Marbella, you won’t ever feel bored! We’ve already mentioned the beaches, designer shops, world-class restaurants, and trendy nightlife. But that’s just the start – there’s lots more to discover.
You can go sightseeing around the Costa Del Sol or take a day trip to Gibraltar or Morocco. There’s canoeing and paddle boarding for the adventurous. There are museums, historical towns, wine tasting, and food tours for culture fans.
All of this happens in a clean and safe city, which means you can truly relax and feel at home from the first day you arrive.
Is Marbella Real Estate Your Next Smart Investment?
How many investments can boast the array of riches that Marbella offers? Not many.
Now that you know about Marbella real estate, why not take that first small step into finding your perfect home in the Spanish sunshine? View our properties for sale and see if you can buy a slice of this dream lifestyle.