Investment Property for Sale
Investment property sales in Marbella are very health indeed and all the indicators tell us that they set to continue into 2018 and beyond. Investment in the luxury property market is a good decision.
Spain Investment Property is Booming
- Investment Property for Sale Now
- Recent Property Price Increases in Spain
- Luxury Buy to Let Property in Marbella
- Luxury Property, Perfect Location
- Find Our Office in La Trinidad
The luxury property market in Spain is significantly healthier.
We are seeing it more and more here on the Costa – building cranes, new developments, new interest and new buyers. Spain’s property crisis seems, very much, to be turning a very positive corner. In just the last 12 months, our office has been busier than for a decade with those interested in buying investment property in Marbella.
It’s great news! The buy to let market in Spain is looking healthier than for a very long time, due to the increasing number of Europeans looking for a part-time second home, which also generates a healthy income during the unused times.
There has also been a growth in the sale of luxury properties in Marbella and this is expected to continue during 2017 and beyond. Marbella is one of the most attractive markets for foreign investors, especially for individuals from the north of Europe, particularly the UK, Benelux and Scandinavia.
Investment Property for Sale, Now
As the only agent here on-site at La Trinidad, we have exclusive access to properties, owners and keys. We have a unique insight into and knowledge of this luxury development and have been here since its conception by Greenlife Estates in the mid 90s. If you are interested in investing in La Trinidad, we are the people to speak to. Speak to us, we’re friendly. Call 0034 672 511 088. No pushing, no sales pitch, just honest, genuine information on the holiday rental investment opportunities at La Trinidad, Marbella.
Ground floor, 182sqm, 2 bedrooms, 2 bathrooms, garage and underground storage room. Immaculate condition. Ready to rent, some furniture included.
3 bedrooms, 3 bathrooms. Outstanding views over the gardens to the sea! Views matter to holiday makers. apartments with better views have much higher rental values.
Remember, we are the keyholders. We deal directly with owners, daily. We are here in La Trinidad. Call us today. 0034 672 511 088.
Investment Property Prices
Property prices in Spain are soaring to pre-crisis levels. The dark days appear to be over for the Spanish market, with a 7.5% increase for homes in the second quarter. Data from the Colegio de Registradores de la Propiedad has confirmed that property is now on average the same price as it was in 2004.
Since 2007, property prices in Spain have dropped by over 40%, until last year (2016) when the market saw a strong bounce-back and demand has been rising strongly ever since. In 2016, the total number of home sales in Spain increased 14% on the previous year, according to the Instituto Nacional de Estadistica (INE). This rise in transactions was mainly driven by foreigners buying homes.
According to globalpropertyguide.com, “Spanish house prices increased 2.67% during the year to end-Q1 2017 (0.38% inflation-adjusted) to €1,385 per square metre (sq. m), the fifth consecutive quarter of y-o-y house price rises, according to TINSA. Quarter-on-quarter, house prices rose by 3.2% (4.1% inflation-adjusted) during the latest quarter.”
Put simply, house prices are on the rise and the popularity of the area is growing beyond expectations.
This is a graph we’ve borrow from anotherwayoflife.com. Along the bottom are the 4 quarters of the year, beginning 2007. It’s fair to say that 2007-2012 were lean years. Sadly, we couldn’t find a graph up to 2017, but you can certainly see the trend as of 2016. Rather than re-explaining, we’ll cite their page…
According to Spain’s Institute of National Statistics (INE) the year on year price increase in the first quarter of 2016 is the highest since 2007. See graph above. The average price of a resale property was 6.4% higher than the same period in 2015. And the rate of increase is accelerating.
“And the rate of increase is accelerating.” That’s always good for an investor to hear.
Luxury Buy to Let Investment Property
One of the larger property rental giants here on Spain’s southern coast, spain-holiday.com make some very good points in their blog, Is 2017 the time to invest in a holiday home in Spain?. They even use the “boom”, but it is certainly true to say that the buy-to-let market on Spain’s Costas is fantastically good at the moment. Higher tourist numbers in Andalucia generally, plus XXX and a prevailing increase in domestic jobs growth and economy, all contribute to the increasing number of good reasons to invest in Spain.
The Luxury Property Market
The luxury market has also made significant increases in the last two years. As Mansion Global put it, “Driven by demand from international buyers, Spain’s prime real estate markets are poised to gain momentum during 2017 and beyond, as the country’s economy steadily recovers, according to a luxury real estate agency in Spain.”
“…sales across all regions were up 31% year-over-year in 2016”. Despite the Brexit vote, British buyers still make up the largest segment at around 11%, but recent years have seen significant interest from Scandinavia, France and the Middle East.
Luxury property offers flexibility to the owner.
The Long Term Let Option
- Pros: Steady growth. Minimal maintenance.
- Cons: Owners unable to visit.
The Summer Holiday Option
- Pros: Much higher seasonal rental prices. Owner can use the property at any time.
- Cons: Higher running costs.
Luxury Investment Property, Perfect Location
‘Location, location, location’, as the TV series says. It’s true. It’s true for shops, hotels, restaurant, offices, bars… and holiday rental properties. High-end holiday makers expect high-end properties in high-end locations. La Trinidad offers this in bucket loads, so to speak. Opposite The King’s Palace on Marbella’s Golden Mile, La Trinidad really is ‘prime location’. You’ll find out offices in the heart of the development.
Marbella’s Golden Mile area has been a hotspot of elegant luxury since its birth in 1994, when the main coastal motorway was moved. It isn’t a mile, though. The name describes a fairly vague strip of about about 5 kilometers between Marbella’s western city limit, to almost as far as Puerto Banus.
Find Our Office in La Trinidad
Please contact us any time. We may not get back to you right away, but absolutely will do as soon as we’re able.
Micheal E Doughty, La Trinidad Sales.