Marbella is the real estate investment hotspot to watch – International Business Times
Marbella is the real estate investment hotspot to watch according to the respected global news publication ‘International Business Times’, which comes as no surprise to us here at Aqua Estates (http://www.aquaestates.com/). As experts in Marbella property and property in the surrounding region, we have noticed a significant peak in interest in mid- and high-end property in recent months, both from individual residential clients and from real estate investors.
The Marbella property market has been hitting the headlines in recent weeks, with the ‘International Business Times’ highlighting the town as a ‘safe choice’ for Spanish property investment. Marbella’s micro market is undeniably attractive under the current economic conditions: some vendors are being forced to lower their prices, creating some fantastic bargain Marbella apartments for instance, however the town is as booming as ever. The International Business Times article quotes president of Sotheby’s International Realty Philip White as saying about Marbella: “It has been a major destination for years. It is safe, international, the restaurants are excellent and it has a sense of vibrancy.” The luxury end of the market shows little sign of slowing down, with strong demand for top-end Marbella villas, while the ‘middle market’ continues to bolster the area’s tourism and consequently the more affordable rental properties.
Marbella’s winning combination of reasonable property prices in a sought-after destination is in some way reflected in the wider Spanish property market right now: prices are coming down but the future looks bright. The Wall Street Journal has noted that average prices of property in Spain have fallen by between 15 and 40 per cent since the beginning of the global economic crisis. It’s not just the falling price of property in the country which is attracting investors, however, but also the fact that, according to the Wall Street Journal, there is “still a sense of long-term economic stability” in Spain.
All of this is encouraging news for Spanish, and in particular, Marbella property. Prices are coming down enough to grease the wheels of the real estate market without going into freefall, while economic stability and booming tourism is ensuring a bright future for property in Marbella and the wider Costa del Sol.
Whether you’re looking for the real estate investment opportunity of a lifetime, or a lifestyle property for your own personal use, trust the experts in property in the Marbella, Puerto Banus and Nueva Andalucia area – Aqua Estates at http://www.aquaestates.com/.
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