Marbella has long been known as southern Spain's favourite seaside resort and soon it's
Going to be even better!
Over the next few years the area will get a whole raft of new facilities including new riverside parks, new coastal parks, a new railway line and new motorway links. There'll also be a new convention centre and a university and education park, bringing thousands of students and business travellers to the area!
The railway will be an extension of the existing Malaga to Fuengirola line and property prices will soar around the new stations planned for Calahonda, Las Dunas, Hospital Costa del Sol, Marbella Centre, West Marbella, Puerto Banus and San Pedro.
Its all part of the new town plans for Marbella, which is in the process of being approved. The improvements will make the area an even more attractive investment and reinforce its position as one of the world's best places in which to own property.
Andalucia's local government is investing millions in the region's infrastructure to make life even easier for residents and tourists. With the opening of the high-speed train between Malaga and Madrid, and Malaga's new maritime station, which handles thousands of cruise ship passengers; southern Andalucia really is the place to be!
All this progress means one thing:
It’s Never Been A Better Time To Invest!!
Economic Factors
- Lost confidence in the stock market. More and more people are disillusioned with their poorly performing pension and savings plans, PEPs and stock investments which continue to fall in value daily. Their number one priority has now become the search for opportunities that can give a satisfying return on their investment.
- Spain still offers value for money and excellent returns. The market remains buoyant and there is little sign of change for the foreseeable future. Despite a slight slowdown, construction continues relentlessly. Bought in the right location, property remains the favourite form of investment.
- Property prices in Spain remain a good deal lower than those back home, allowing people to afford a holiday or second home, or indeed relocate to the country and retire early. Spanish properties are becoming more popular as they provide an excellent investment as well as a holiday home.
- Off-plan purchases are a popular investment option for those in the know. You can avoid the full cost of paying for the property by paying in installments and selling the property on for a much higher price prior to project completion. Vast profits continue to be made with shrewd off-plan investment.
- A large flourishing rental market is offered in Spain and investment in a property with good rental potential can achieve excellent returns. Spain is a top choice for tourists who enjoy a variety of self-catering accommodation, apartments and private villas. Get it right, and you could rent your property out for six months of the year to cover costs and have it for your own use, free of charge, for the rest of the year.
- Young investors can afford to buy in Spain. There is a new trend emerging amongst the young under 30s British to get their first step onto the property ladder abroad as they can ill afford to do so in the UK. According to a recent survey by Atlas International, Spain is the number one their list.
- Rising prices seem set to continue for the foreseeable future, in both the popular coastal resorts as well as in easily accessible inland regions. Spain has a stable and mature property market, while prices have risen by 48% in the past three years. Experts predict that prices will continue to rise, albeit at a slower pace than in recent years.
- The Costa del Sol and Costa Blanca are two prime investment areas, being the most popular tourist areas. Prices remain relatively high on both coasts but due to huge demand, you could be sitting on a goldmine in the long-term.
- Buying in Spain is a well-trodden path. There is plenty of expert, readily available advice on the subject and provided you use a good, independent lawyer, your purchase should be trouble-free.
Land for Development/Project Sourcing
Investment has been popular with investors for a long time and is still the favourite location for UK investors due to many factors, including the number of low cost airlines operating from over the UK to many destinations within Spain. Many investors look to secure a rental income from their investment property and Spain is one of the safest options for rental yields, due to its established tourist industry which over the years has proved it can reliably satisfy this requirement.
In the past four years alone, the British have increased their spending on overseas properties by 45%, the favourite destinations being in Spain, then France.
Regards