Is Investing in Marbella Real Estate Interesting?
Investing in Marbella real estate proves not only interesting but also lucrative, making it a compelling choice for savvy investors. The city’s status as a glamorous Mediterranean destination, coupled with a robust luxury real estate market, attracts a global clientele seeking both residential havens and profitable ventures. Marbella offers a diverse portfolio of properties, from beachfront villas to exclusive penthouses, catering to various investment preferences. The consistently growing demand for upscale properties, coupled with a stable market, positions Marbella as a secure investment hub. Additionally, the city’s well-developed infrastructure, world-class amenities, and vibrant lifestyle contribute to its enduring appeal. Whether for long-term residency, holiday rentals, or capital appreciation, Marbella’s real estate market presents a spectrum of opportunities, making it an intriguing and potentially rewarding venture for investors looking to capitalize on the city’s unique allure.
It is important to note that the Costa del Sol and Marbella have always been highly sought-after destinations for real estate investments. The combination of scenic beauty, the luxury lifestyle, and the stable economy made them a prime location for both local and international buyers. But the events of recent years have only served to amplify this demand: as people reassess their priorities and look to invest in properties that offer a sense of security and serenity.
This has led to a surge in demand that is unlike anything we have seen before. Properties are selling at a faster pace than ever before, and prices are on the rise. It is a seller’s market, and buyers are facing intense competition to secure their dream homes. This has caused the supply of properties to fall short of demand, making it a challenging market for buyers who are looking for a good deal.
Buying an exclusive property in Marbella?
At the onset, we must be upfront and honest about our perspective on this matter. After all, we have been enamored with the luxury real estate market for decades, and it would be inconsiderate of us not to acknowledge that our opinions may be influenced by that passion. However, despite our bias, we pledge to provide only factual and objective information to our clients, leaving the final decision entirely up to them. We understand that every individual’s needs and preferences are unique and that the best way to make an informed decision is to present all the available information without any personal bias.
We believe that by providing a transparent and unbiased perspective, we can empower our clients to make the best decision for themselves. Whether they decide to invest in the luxury real estate market or not, they will have all the information they need to make an informed decision.
Marbella Property Prices.
Marbella prices, even at today’s levels, are still very competitive: of the 50 most costly municipalities in Spain, Marbella is only number nine
on the list…and globally Marbella is in 16th place, with Monaco leading as the most expensive city.
As a general rule of thumb, prices for new or refurbished luxury apartments in the Marbella area startat €6,000/m2 and go right up to €25,000/m2 in the most sought-after beachfront areas of the Golden Mile sometimes even higher in the case of certain uniqueproperties. Prices for new or refurbished villas, start in the region of €8,000/m2 and go up to €14,000/m2.
A diminishing stock of properties coupled with an increasing demand always leads to an increase in asking and selling prices. Average price statistics are available for the whole province of Málaga, with the Property Registry noting price increases for the whole province at 3.4% for new properties and 11.2% for resale properties. Official statistics for new properties are misleading, however, as they are only recorded when the title deeds are issued and therefore don’t include properties that aresold off-plan or under construction.
According to an article published by the Bank of Spain in June 2023, despite the increase in mortgage interest rates, “due to the scarcity of new construction,
the high costs of construction materials and the favorable financial situation of the different buyers in the market, the price of housing will continue to demonstrate resistance to decrease, in spite of the other variables in the residential market, such as sales volume or the number of properties approved for construction.
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