Property Market Trends 2019 For Marbella And Costa Del Sol

Monthly Archives: March 2019

Property Market Trends 2019 For Marbella And Costa Del Sol
25 Mar

Property Market Trends 2019 For Marbella And Costa Del Sol

Anyone that is going to buy property in Marbella and Costa del Sol wants to make the best choice for themselves which means having some understanding of what the 2019 market trends currently are. People who are making this kind of significant investment do so because of the type of lifestyle they will be able to enjoy in this region. But, at the same time, it is an investment into an asset and one that they want to be sure will always retain its high value. That is why market trends are so important.

Property Buyers

Marbella and the Costa del Sol have an amazing reputation for being a prime location to live in. It more than meets the needs of the wealthy and elite who have strong demands when it comes to their living enjoyment. Buyers of property here come from many parts of the world such as the British, Scandinavian, and buyers from Belgium along with the Middle East. What takes place with these buyers in their home countries will affect the property purchases they make. For example, the instability with Brexit may be causing a slow down in buying for the British in Marbella and Costa del Sol. This has not affected the consistent buying of those from Scandinavia, and Russia along with those from the Netherlands.

New Builds or Resale Property

Another decision that buyers have to make is whether they want to go for a new build or opt for a resale property. This too is affected by trends. Currently, there are slightly more re-sale transactions taking place compared to new build purchases.

There are a few reasons why this is taking place.

  • The popularity of the architecture that is comprised of ultra-modern structures with sharp angles is waning a little.
  • Price of the new homes has escalated at a fast pace.
  • Existing homes are in prime locations.
  • Older homes are perceived as offering more value for the sale price.

Comparisons That Are Trending

Buyers of property in Marbella and Costa del Sol have some excellent choices in the type of dwelling they want. This allows them to make some comparisons. When it comes to living space, they have choices such as;

  • High-end compact villas
  • Luxurious townhouses
  • Large family homes

These are the areas of;

  • La Cala de Mijas
  • Puerto Banus
  • Estepona
  • Marbella
  • Benahavis
  • Ojen

Many of the residences in this area meet the demands for gated living, easy access, and outstanding views.

What Does The Future Hold?

Current trends are going to play an important role in the immediate decision to buy a home in Marbella and Costa del Sol, but so with future predictions. So far predictors are indicating that price increases will slow and homes will increase in their value. So for those wishing to make Marbella and Costa del Sol their home or second home they are making a sound decision according to the Property Market Trends 2019 and future predictions.

About Marlo Property

Marlo Property is a leading boutique real estate agency strategically located in the Golden Mile offering luxury properties in and around Marbella which makes Marlo Property one of the best estate agents in Marbella. Marlo Property specialises in Luxury Villas for Sale in Marbella from €750,000 upwards as well as luxury townhouses and luxury apartments.

What is Puerto Banus Like?
21 Mar

What is Puerto Banus Like?

When in Marbella Spain it is worth taking the time to check out the Marbella area known as Puerto Banus which is located a few km’s east of Marbella just beyond the Golden Mile. It is deservedly known as the billionaire’s playground.

What Is So Special About Puerto Banus?

For those who enjoy pristine beaches, top-quality beach clubs and a nightlife like no other, they will soon realise why it is just that bit more special than other areas of the Costa del Sol. This is one of the many areas of Marbella that is simply a “must visit”, at the very least. Or even better make it as a second or permanent residence.

The Lifestyle of Puerto Banus

Puerto Banus has a modern quaintness to it and parts of the area have the feel of a Spanish village from a different era but with modernisation that meets the needs of the elite. It boasts an expensive lifestyle that is comprised of the very best in shops and restaurants and walking around Puerto Banus you will recognise many of the high-end exclusive brand names. Puerto Banus oozes luxury.

What You Can Expect to See While in Puerto Banus
It is not uncommon to see celebrities mulling about and enjoying the weather, the scenery and everything else that this area has to offer. For those who are enthused at being able to see the very best in high-end vehicles or the most impressive yachts they don’t need to go to shows to enjoy these, Puerto Banus has them all and more!

The Birth of Puerto Banus

It is a man-made luxury marina developed by Jose Banus in 1970. From humble beginnings, it now possesses a shopping complex which is second to none and has gained the reputation for being the hub of entertainment in all of the Costa del Sol.

Making the Move to Puerto Banus

For tourists taking the time to visit Puerto Banus, it often becomes the highlight of their vacation. For those who want high end living in a resort setting that only the rich can afford then, it is where your money is well spent.

The living accommodations are comprised of the very best. With choices of luxury apartments to exclusive homes that vary in size, it holds no disappointments when it comes to high calibre living.

For those who can afford Puerto Banus for full time living, a favourite choice of dwelling is one of the many villas that can be bought here. There are new phases of these being built all the time so there is always an aura of excitement when it comes to choices. If a villa in Puerto Banus is not to one’s liking, then there are apartments or luxury townhouses that fit in perfectly with the demands of those looking for that little bit extra in luxury living.

For those who wish for something a little more subdued, there is a fine selection of what are considered to be absolutely ultra-modern new builds.

It has the ability to allow tourists to vacation like the rich and famous while at the same time providing an environment for the elite that lacks nothing when it comes to meeting the expectations of those who want to enjoy the most of what their money is able to buy them.

About Marlo Property

Marlo Property is a leading boutique real estate agency strategically located in the Golden Mile offering luxury properties in and around Marbella which makes Marlo Property one of the best estate agents in Marbella. Marlo Property specialises in Luxury Villas for Sale in Marbella from €750,000 upwards as well as luxury townhouses and luxury apartments.

Where is the Golden Mile Marbella?
19 Mar

Where is the Golden Mile Marbella?

Many parts of Spain are wonderful parts to visit as a tourist. At the same time for those who wish to live here, there are also many regions that one can choose from. One of the most notable and that has much to offer is the Marbella Golden Mile.

The Marbella Golden Mile

This is a small stretch of land that is comprised of four miles. It starts from the West Side of Marbella city and extends to Puerto Banus. This area is divided by a motorway which divides the Golden Mile into two distinct parts.

Along the stretch of the road itself is where many of the top quality businesses are situated and you will find a good selection of high-quality hotels and other types of services.

For those who wish to make the Marbella Golden Mile their home, they will find that the beachside that is along the main road has been completed as a residential area. However, the mountainside portion of the Marbella Golden Mile is still being developed.

The Environment of the Golden Mile

There is nothing negative that can be said about the natural environment of this region. The air is pure and clean. The land is dotted with lush greenery and swaying palm trees. The beaches are pristine and the water is sparkling clean. The residences are situated on large sections of land with each of them is beautifully landscaped.

The Marbella Golden Mile Lifestyle

What makes the Golden Mile of Marbella so unique is the fact that it is a wonderful location to visit, to choose to have a second home, or to take up permanent residence here.

If one looks back to the 1960s and 70’s they will discover that this section of Marbella became the place of interest for builders to focus on building a luxurious and prestigious community. As a result of their work, the name “Marbella Golden Mile” became most fitting. The homes here are built with glamour and beauty that is most fitting for the coastal environment of Marbella.

Choices of homes range from amazing villas of all sizes, mansions and luxurious apartment living. Many of the dwellings have been newly constructed while several of the original buildings have been refurbished to the point where they are no less than stunning.

People of the Marbella Golden Mile

Those who have decided to buy property in the Marbella Golden Mile region are comprised of people who are not only natives of Spain but come from many parts of Europe as well as other parts of the world. They may be politicians, or business people as well as several aristocrats along with royalty can be found to own property here.

Activities to be Enjoyed

With an area as beautiful as what the Marbella Golden Mile is, those living and visiting here may want to do no more than soak up the sun and relax along the beautiful stretch of beach. To do so for many merely means stepping out the doors of their coastal residences.

Then when ready for some fun or fine cuisine it is just a matter of choosing from the large selection of restaurants that are considered to be some of the finest in the world. Many of which are enjoyed as Michelin star establishments. Then for some exciting nightlife, there is no shortage of exclusive and high-end nightclubs to be enjoyed.

For some amazing shopping experiences, there is easy access to some highly-rated shops that include many of the well-known brand designers.

If the Marbella Golden Mile sounds like a little bit of heaven that is because it is the most fitting way to describe it, and those who which to be part of this region of Marbella will need to act fast.

Luxury properties in the golden mile are in such demand here that when they do come on the market, they don’t last long.

How long does it take to buy a property in Spain?
12 Mar

How long does it take to buy a property in Spain?

One of the first things people should know when buying a property in Spain is how long it will take before they can take ownership. There are no laws in place regulating the time between signing a private contract (called contrato privado de compraventa), paying a deposit, usually 10%, and completing the sale at the notary’s office, however, it does depend on how complex the purchase is.

The private contract, the document signed by both parties and including a deposit paid by the buyer, usually states a time limit for completion. This completion date is agreed by both parties and based on the type of purchase and the buyer’s and seller’s preferences.

In general, timescales for buying a house or property in Spain varies but in general, they are as follows:

3 to 4 weeks: for straightforward purchases, i.e. properties with no debts, all paperwork in order and financing already in place.

4 to 8 weeks: for slightly more complex purchases where, for example, an architect’s certificate is required or the buyer needs to obtain a mortgage. Spanish properties purchased from banks tend to fall into this category too.

Over 8 weeks: for those purchases where there are problems or time-consuming bureaucratic processes – for example, the property isn’t properly registered or the property forms part of inheritance or divorce proceedings.

In our experience, the completion of a property sale typically takes place between 4-6 weeks after the private contract is signed but of course, the buyer and seller can agree to a longer time if needed.

When making a large purchase such as a luxury villa in Marbella or really any property purchase of any significant sum, you should always use the services of a recommended lawyer who specialises in property law/transfers and a reliable and honest real estate agent. Buying a house in Spain might seem like a daunting process, but with access to the right professionals the process can be easier.