Are you dreaming of permanent sun, sea, and sand? 750 million people worldwide said that they would move abroad if they could. Marbella is renowned for its five-star restaurants and a laid-back Mediterranean lifestyle. Luxury villas in Marbella are excellent investment opportunities for anyone looking to buy a second home. These luxury villas are of a high standard with high-quality interior and exterior qualities. There is a wide variety of properties to choose from to suit relaxed retirees and playful party-goers.
Do you want to learn more about luxury villas in Marbella? Before you book your flights, here is everything you need to know about investing.
Why Should You Invest in a Luxury Villa?
Marbella is the jewel in the crown of the Costa del Sol. The former fishing village is now known for its relaxing beaches, glamorous hotels, and fine dining. This elegant city is quickly becoming a hub for foreign nationals searching for a slice of luxury.
Luxury villas can make an excellent addition to your investment portfolio. Capital appreciation and funds from holiday rentals can provide a substantial and steady income. With house prices rising year upon year, you can rest assured that your property will always provide opportunities for growth and income.
What Does a Luxury Villa Offer?
There are endless amounts of exciting properties available to pique your interest in Marbella. From quiet and traditional to luxurious mansions, there is something for everyone. It is essential to consider who you will rent your property to if you are interested in a luxury villa rental.
Take note of what each property has to offer in terms of features, parking, and design. You should also look at other luxury properties in the area that provide luxury accommodation for guests. You can ask your real estate agent to put you in touch with other luxury villa owners for advice on luxury villa rental.
A luxury villa should be close to spas, boutiques, and high-end restaurants to give guests a complete luxury experience during their stay. If you are looking for a property to move into, then you should list the qualities you are searching for in your new home.
There are particular features you should consider when searching for a property in Marbella. Your luxury villa should be independent of other buildings and have no shared boundaries. This will ensure you can make the most of the space that you have and allow for additional garden space or construction.
The luxury villa that you choose should have plenty of bedrooms and the potential for more accommodation if possible. Your guests should have plenty of space with comfort at their fingertips. Rooms should flow throughout the property so that it is easy for guests to communicate with one another during their stay.
Make sure the property is connected to roads with links to other towns and cities. Luxury villas are often found in remote spaces with plenty of privacy. The infrastructure around your property could determine the value and any future returns on the investment.
Choose Quality Over Price
Everyone loves a bargain, but it is not advisable to buy a property just because it is cheap in Marbella. Properties are valued based on the current market and property features. Quality materials and construction are not cheap, and low prices do not always mean good deals.
Location, plot size, and energy efficiency all affect how a property is valued. By working with a trustworthy and professional agent, you can rest assured that all the properties you see are legitimate and safe.
Ask your agent about the future expectations from the area and how property prices might change over time. You should always negotiate the price of a property based on your findings and recommendations from your agent.
A luxury villa is not characterised by the price. The value of a property is assigned based on unique characteristics, location, and local amenities. If you are planning on buying a house to remodel and sell, then you should always keep in mind what your profits could be in the future.
Rare and exclusive properties will always be attractive to buyers over the price.
Trust the Process
Searching for the perfect luxury villa can take some time. It is a good idea to take your time when viewing properties to analyse the details of each property. You can save some time by making a short list of properties with your agent and researching online before you visit.
Take plenty of time to think about your budget and requirements. Doing these things early can save some time later on in the process. It can be easy to get caught up in the excitement when a friend or family member purchases a property abroad. Remember that your needs are different and very important to take into consideration.
Always Hire Professionals
It can be tempting to cut corners and go off in search of luxurious villas by yourself. One of the best ways to find excellent deals is by speaking to a professional real estate agent about what you are looking for. Unless you can speak Spanish, you will also need a translator to help you correspond with vendors.
A professional real estate agent can help you through the entire process of buying a luxury villa from start to finish. Without hiring a professional, you could land yourself in hot water by submitting the wrong documents or missing important information.
Always get your prospective villa inspected by a professional before you commit to the sale. Your real estate agent will be able to help you organise this. An inspection can help you identify any issues with the property that should be dealt with before you move in.
Research the Area
You must research the location you are interested in before you buy. Visit the area and make a note of what facilities are available. This will be very useful when you are comparing properties before you choose to buy one.
Consider what your prospective visitors will be looking for in a luxury villa rental. Does the area have shops and cultural attractions? It is also worth making a note of car parking and proximity to transport links.
The location and nearby amenities are very important unless you are planning on living in your luxury villa. The property should check all the boxes for prospective guests who are looking for a luxury vacation villa in Spain.
Legal Requirements and Documentation
You may need to prove that you have the finances to purchase a property once you are ready to buy. Prepare all your documents ahead of time to save yourself the hassle during the buying process. Speak to your real estate agent for further information about what documents you will need to buy luxury villas in Marbella.
You need to obtain your foreign identification number (NIE) before you can purchase a property. Your real estate agent can help you get your NIE if you do not already have Spanish citizenship. You can apply for an NIE in your country of residence or at a Spanish police station.
You should also check the documents provided by the seller. Take a look at the land documents and survey sketch before you begin the process of buying the property. Check that the property has planning permission and that all the buildings are included in the plans.
There are no restrictions for foreigners who wish to buy property in Spain. You can apply for residency by using your NIE number after you have purchased your property. Non-EU citizens receive a two-year residency which you can renew in the future.
Prepare Your Finances
Discuss payment options and budget with your real estate agent before you start looking for a property. Search for properties that are within your price range so that you do not overstretch your budget. If you are planning on investing in a property to reap the financial rewards, then you should also keep this in mind.
Payment plans are often available for certain properties if you cannot buy a luxury villa with one payment. There may also be discounts available for paying in cash or instalments.
Invest In Marbella Luxury Villas
Now is the perfect time to invest in luxury villas. The prices of properties are on the rise, which means there is no time to waste. A luxury villa in Marbella will provide a great return on investment in comparison to other financial products.
Are you ready to start looking for your new luxury vacation villa in Spain? For the best service and expertise, look no further than Choose Marbella. Get in touch today to discuss your requirements with Marbella’s ultimate real estate agent.