Monday, December 9, 2013

Best Areas for Real Estate Investment in Marbella

With so many properties now for sale in Costa del Sol, it might take some strategic planning to ensure you get the best for your money when purchasing a property. Marbella real estate is at an interesting point right now, with luxury properties for sale in Marbella now looking like a seriously good investment or purchase as a second or holiday home.

Making the right choice and the types of properties in Marbella

So the first thing to decide when looking for a purchase is would you prefer a second home for personal use, or are you looking for an investment. When you have decided the main purpose for your property you can look at what type of properties in Marbella are suitable for that purpose and which suit your tastes. On the coast there are many types of properties to choose from, apartments, townhouses, villas, penthouses... Villas for sale in Marbella range considerably in price, depending on your budget and how luxurious you want to go. Luxury estates in Marbella, like La Zagaleta for example, house some of Europe's most expensive villas.

Which part of Marbella is best suited to your needs depends on your personal tastes. Some people like to retire in the hills or countryside, or El Campo in Spanish, here you will get uninterrupted views all the way out to Africa and the rock of Gibraltar but some people prefer to be by the sea so that they can wake up and take morning runs on the beach and be in Puerto Banus for coffee.

Nightlife in Puerto Banus when thinking about real estate

Also, it depends on how much nightlife you will want to see, with Puerto Banus being now famous for its party atmosphere and nightlife there is always something going on during the summer months to entertain any age group. Here you can find penthouses within easy walking distance to all the best clubs along the frontlines of the Port and these will always be popular as rentals if you are thinking of your purchase as an investment to generate rental income.

Properties for sale in Marbella are often looked at with renting in mind. So if this is the case for you as a buyer -some things need to be considered, least not cost. In Marbella real estate the rule of thumb is that what you can charge for a week in the peak months, i.e. July and August, you can charger per month in the winter months. In this sense a lot of Scandinavian buyers prefer to rent out their property for the summer and then enjoy the property as a second, sunnier home, and a place to escape the winter months.

Building your own property, what factors to consider

Some people are opting to purchase land and then build their own luxury villa in Marbella. This requires more work and sometimes can be a difficult journey for those not fluent in the language and the laws of Spain. However, the end result can be well worth the struggle as currently land purchases can be grabbed up for a bargain and the freedom to design a home to your own specification is priceless.