4 Reasons Why Marbella Real Estate is a Great Investment
The name “Marbella” conjures up blue skies and even bluer seas: a place where the rich and famous go to relax and where every sun and sea-loving traveller will feel at home. But when you see that perfect villa for sale in Marbella, you might find yourself wondering whether it’s really a good investment. We believe that it is, and here’s why.
1. Marbella isn’t Going out of Fashion Anytime Soon
Real estate in Marbella will always be in demand no matter how much property crazes may come and go. Marbella is a true classic. Its location and ambiance will remain as attractive in decades to come as it is now and was decades ago. If you decide to sell up, getting a buyer won’t be difficult, and unless you’re in a mad hurry, you can call the shots in terms of asking price, at least, within reason. If that property is near the magnificent beaches or enjoys some of the fabulous views that Marbella offers, you have a sure-fire winner.
2. Property Prices are Down Right Now
Owing to the events of 2020, many tourist-oriented areas are taking strain and buyers are ruling the market. Imminent financial distress may be prompting lower prices for real estate, and for investors, that’s good news rather than bad. With any investment, it pays to buy in when prices are bottoming out and sell out when they recover.
Another general rule applying to investments of any kind is that their value invariably overcompensates and then overcorrects before reaching equilibrium. In simple language, this means that properties in places like Marbella are available at relatively low prices now, but those prices will recover because the real value of Marbella property is not being reflected in current property prices.
3. You Might Decide to Keep it as a Holiday Home and for Ongoing Income
Since Marbella is such a beautiful location, it’s quite likely that you’re in love with the idea of owning a holiday home there. Can you justify the cost? The answer is a definite yes.
If you’ aren’t using your Marbella villa all year round, you can be sure that there will be people who would love to hire your home-away-from-home when you aren’t in occupancy. And, since it is such an important tourist destination, there are businesses that will be willing to handle the management of your property and its guests, leaving you with next-to no work to do unless you count checking your bank statements for the inflow of income.
4. There’s a Good Chance You can Resell for a Substantial Profit
If you’re into Marbella property simply because you think you can make a profit when you resell, your chances of realizing that investment ambition are pretty good. While investments like shares in big companies can sometimes perform unpredictably, property is property. There’s no way it can vanish into thin air. Choosing the right time to sell can be a ticklish business, but you can monitor the post-2020 recovery of the property market and hope to pick the “sweet spot” when recovering property values are a little overinflated.
Don’t Miss the Chance to Enjoy Marbella
Investment means buying with money-making opportunities in mind, but wonderful memories are priceless. While you’re the proud owner of a Marbella villa, you should certainly make use of the opportunity to capitalize on this non-monetary side of your investment. So, before you consider reselling, take some time to enjoy this fabulous destination – and if you love it so much that reselling stops being an option, you can still hope for a steady income stream when you rent out your holiday home.
Hoping to live there all year? If you can realize that ambition, you’re one of the luckiest people in the world, and there’s no price tag you can effectively place on this investment in your happiness!