These are best places to invest in Marbella
A short list of the many attractive zones to invest in the jewel of Costa del Sol
One of the questions most often made us people who are interested in living in Marbella is what is the best area? Some think that the answer is very obvious, but in reality it is not.
Many factors influence, depending on the objectives that everyone has in mind, is not the same occasionally reside, whether in summer or holidays or just weekends, to spend in our beautiful city all year round. In these cases the characteristics of housing, building or complex or urbanization of the area or neighborhood where the property is located are valued. Finally but very importantly, the budget that we have, remember that Marbella offers a lot of properties among which are luxury homes, says Ignacio Acosta.
Therefore depending on the needs of the person concerned there are different areas to consider so we could adapt the wide range of the city and surrounding areas to also find a house according to your wishes, it is in the best area for type of use is to be made.
If you are looking to live in Marbella center, in a central apartment near the seafront, there are options for all budgets, from spectacular luxury resorts with 24 hour security and beachfront, with access private beach next to the Hotel Gran Melia Don Pepe or cheaper on the beach front or apartments overlooking the sea but most traditional and needing some reform, so there are many options along the entire coastline the center of Marbella, and that is what makes it one of the best places to invest in Malaga’s real estate.
If you are looking to live in a quiet part of the center of Marbella, whether in a detached villa or a townhouse but without sacrificing able to walk to places and less than 700 meters from the beach. There are areas like Huerta Belon or La Merced that meet these peculiarities and the always found that people who did not know them or not had never visited are surprised that there are houses with gardens in the middle of the city without the noises of the same .
Marbella stands out as having many charming places that deserve to be known and visited grief, that are hidden in the center in its beautiful old town, or on the Golden Mile with its developments with tropical gardens, or in many other places that do not everyone knows.
With the revival of the property market in Spain, but prices still low, there has never been a better time to buy a second home. This is an ideal place to invest in a holiday home and enjoy attractive getaways. With the dynamic property market than anywhere else in Spain, buying a property here can be a great long term investment.
And with more tourists than ever visiting Andalusia, this could also prove beneficial in the short term if you decide to rent your holiday home when you are not using it. Panda Estates offers a fantastic choice of beachfront properties and mountainside that would be an ideal investment in a second home. We present here an overview of the 5 most requested places in Marbella, then you can start dreaming of sun heating your skin and sand under your feet.
1) The Golden Mile
The fabulous Golden Mile is home to some of the most exclusive mansions in Marbella, whose prices reach up to 50 million euros! That said, there are also a number of luxury apartment buildings of one or two bedrooms are available at more affordable price. Located in an area in high demand, these properties represent a great investment opportunity according to Panda Estates CEO.
In addition to its high real estate value, the Golden Mile is bounded by a long stretch of golden sand. The beach and its pleasant walk, extending to Puerto Banús to the west and to the east, it passes along the center to go beyond (the walk travels about 6 km). The waterfront is dotted with restaurants and beach cafes, as Victor’s Beach, which serves fresh seafood and delicious cocktails.
You will also pass the two best hotels , The Marbella Club and Puente Romano. Established in 1947 by Prince Alfonso von Hohenlohe as an escape for friends of the jet set, the first is an institution in itself.
Price from: € 500,000
Residential parks in demand: Marina Puente Romano, Casacada of Camojan, Sierra Blanca, La Trinidad, Malibu, Laguna Banus, Monte Paraiso and Altos Reales
In a nutshell: An attractive place for those who want to be in the heart of Marbella.
2) Nueva Andalucía
Nueva Andalucía is known here as the “Golf Valley” because there are a great number of wonderful golf courses (including Los Naranjos). Whether your passion of this sport or not, it’s a beautiful place with a fantastic selection of villas and apartments located within prestigious residential golf resorts.
With its friendly well established expatriate community, a very good restaurant and a social life and the best schools like Aloha College, this is an excellent choice for the family. The place is just behind the lively Puerto Banús, then this is ideal for those who crave tranquility, but still want to be close to beaches, shops, cafes and restaurants. Marbella hosts the renowned restaurant La Sala, as a large arena, built in 1964. The arena is no longer of bullfighting, but hosts the popular weekly market, where they sell everything from fresh vegetables up ‘to antiques.
Price from: € 250,000
residential parks in demand: Las Brisas, La Quinta, Aloha Golf Club, Los Naranjos, Las Tortugas, Magna Marbella, The Cerquilla and El Alto Herrojo
In one word: Great for golfers, families and those who want to be close to the action but without being there.
Benahavis is a picturesque mountain village, just 7 kilometers from the coast. He was nicknamed “the dining room of the Costa del Sol” because of the greater concentration of the entire coast restaurants. The main restaurants are Los Abanicos (who got in the past one Michelin star), El Sarten, La Torre and Amanhavis Hotel and Restaurant.
More than half of the inhabitants of Benahavis are expatriates, despite that the village retains its Spanish charm. The “pueblo” is composed of classic white buildings around a central square full of restaurants. With many large villas on the hills of Benahavis, in the very exclusive residential park La Zagaleta, it is the richest municipality per capita in Andalucía. The city council uses the funds it obtains to make sure everything is immaculately maintained and offer sports and leisure Free to the villagers.
Price from: € 250,000
Residential parks in demand: Los Arqueros Golf, La Heredia, Benahavis Hills, La Zagaleta, El Madronal, Benatalaya, La Alquería, Monte Mayor and Marbella Club Golf
In a word: Spectacular views of the mountains and a village atmosphere, only a short distance by car from the beach.
4) San Pedro de Alcantara
Despite its proximity to the prestigious Puerto Banús, San Pedro de Alcantara has kept its atmosphere of genuinely small Spanish town. Its central square is characterized by an imposing church, a fountain and several restaurants and cafes, and the narrow streets leading to the shops and bars of classic animation full tapas.
The area has benefited from a major regeneration project which resulted in the construction of a new boulevard connecting the small town and the seafront. A contemporary masterpiece which is characterized by a corrugated steel deck pedestrian, many playgrounds for children, an amphitheater for cultural activities and elegant restaurants.
The seafront promenade, lined with palm trees, (pictured below) was also renovated and is a good place for a walk. The beach itself is wide and sandy and is dotted with charming chiringuitos like Pesquera Chiringuito. You can easily walk to Puerto Banús or, if you’re feeling fit, to the town of Marbella.
Price from: € 250,000
Residential parks in demand: Noray Playa, Casablanca Beach, Guadalmina Alta Guadalmina Baja and Linda Vista Baja
In short: A place with an authentic Spanish atmosphere and a quieter beach than elsewhere, which is ideal for the family.
5) Marbella East
Marbella East includes the following residential areas: Elviria, El Rosario, Las Chapas, Cabopino and Los Monteros. The place is considered to have some of the most beautiful beaches, not only of the city but also the entire Costa del Sol. Cabopino beach has fine golden sand and beautiful undulating dunes. It is lined with pine and oak trees and is a natural haven. This is a quieter place than anywhere else in Marbella and there is no building height. Cabopino also offers a charming marina, with a small selection of restaurants, including the famous Italian restaurant Da Bruno’s, perched on the edge of the harbor.
Even if many large luxurious villas in this part of town, there are also a number of residential apartment complexes near the beach, making it a perfect base-in Marbella.
Price from: € 250,000
residential parks in demand: Los Monteros, Las Chapas, Rio Real, Carib Playa, Playa Alicate and Birdie Club
How much prices have fallen in Spain?
After more than doubled (+ 155%) in a decade, real estate prices collapsed with the bursting of the bubble in 2008. “At first, the decline was very strong, it was 8% each year, and it rose to around 6%, “says Danielle Schweisguth, an economist at the OFCE. To end up at 6.8% in 2011, the fourth year of consecutive decline. Since the bubble burst, “prices have declined 15% in Barcelona, from 22% in Andalusia, 25% in the Balearic and Canary Islands,” said Nicolas Tarnaud. “The decline is even more pronounced in coastal regions of the Mediterranean as the Costa del Sol where it is 35%,” said Cesar Oteiza. Over the whole of Spain, the price per square meter stood at around 2084 euros per m2, against 2,578 euros in France. It is around 2300 euros in the capital, while it is 8390 euros in Paris.
Will the decline continue?
The market will continue to be correct, particularly because of surplus housing stock which is estimated at more than 800,000 (new and old). Added to this is the economic and financial crisis is still raging, aggravated by the austerity plans. All indicators are red: the unemployment rate soar, foreclosures are increasing, and builders are closing the door. The number of transactions continues to decline: -32% in February compared to February 2011, reported Wednesday the National Statistics Institute in Spain. Result, “declining square meter price could to around 1440 euros,” said Danielle Schweisguth. A view shared by Nicolas Tarnaud “if the situation does not improve, the market will continue to fall from 5 to 15% depending on the region in the next three years.”
Where can you do good business?
Santiago Mari Ribas, lawyer and urban planner in Spain, it is advisable to wait for falling prices in areas where there is excess demand as the Costa del Sol. However, this is the right time to invest “in an area where demand is not surplus and rare.” This is the case in Formentera and Ibiza where “prices are lowest.” For major capitals such as Madrid and Barcelona, “this is the time to be interested,” said Nicolas Tarnaud. “The Spanish property market has never been so attractive to French. In the regions of Catalonia, Valencia, Andalusia, Seville-which represent 60% of sales-the buyer can find good opportunities for luxury homes in good locations. ” Example in support, a 60m2 apartment bought on the Ramblas, the main street in the heart of Barcelona, recently concluded 150 000. “Prices in Barcelona and Madrid are two to three times cheaper than in Paris for similar properties,” says M.Tarnaud.
Another reason to invest: the property tax remains 30% cheaper in Spain. Finally, business is possible because time is at a discount. The bear market leaves room for negotiation. “We have to negotiate prices and make aggressive offers,” said Cesar Oteiza. It is for this reason, he said, that we should not wait until the fall. “Faced with pressed sellers such as banks, buyers have hand and discounts can range from 15 to 20%,” adds Nicolas Tarnaud. Before continuing, “Crisis forces, banks must make further concessions to close the sale.”
Written by: CAPD
Contribution to reader: Know the main zones of real estate attractive for investing in Costa del Sol.
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