Buying a holiday home on the Costa del Sol, Spain is a big step; it is important to not only find the right property on the Costa del Sol for you, but also to ensure that there is potential for capital gain and rental returns. Marbella Homes are here to ensure you do.
Property in Atalaya and property on the New Golden Mile is the perfect location to provide a profitable rental return. There are plenty of amenities and just a short drive to the hustle and bustle of Puerto Banus and Marbella, it is a brilliant area for families. Buying a property in Atalaya for example, will mean that you have a holiday home to enjoy while at the same time providing you with a return on your investment - it´s win, win!
Choosing the best property in Marbella
At Marbella Homes we are dedicated to finding you the right property for sale in Atalaya and the surrounding area. Whether it is a holiday homes or a permanent residence; we can find the ideal property for you.
Rent Out Your Marbella Apartment
In recent years, rental properties have been in massive demand on the Costa del Sol and this year is no different. It would seem most of the countries of Europe are choosing Marbella and the surrounding areas to holiday this summer. And why not? With the perfect climate, a safe environment, easy access and plenty to enjoy, it makes total sense!
If you own a holiday home on the Costa del Sol, taking advantage of rental income just makes sense. Today, Marbella and the Costa del Sol is one of Europe's top destinations for tourists and holiday makers. For the past 5 years the tourists landing on our shores has tripled year after year.
Why is Marbella Property So Appealing?
For many it's a shift to a simpler and laid back lifestyle. For others it is the best place to build a property investment portfolio. Regardless of the choice you might make, choosing the Costa del Sol or Marbella has your vacation hot spot or property investment location is indeed the right choice.
The property sector in Marbella is booming and once again construction of new developments is taking place in most of the popular areas throughout the coast.
In most other places across Europe and beyond, it many situations it can be difficult making any sort of profit from rental income. Or in many situations the red tape associated with owning a rental property can be looming and put up too many road blocks to any sort of success.
In the Marbella area however, owning a holiday villa or holiday apartment can and will provide a level of comfort a family needs and wants. Because of the major surge in tourists visiting the Costa del Sol, just one summer letting your marbella villa or marbella apartment could cover your running costs up to half a year! Basically one summer of letting your Marbella villa can recoup a huge portion of the running costs for almost a full year.
Holiday Makers More Likely to Choose Renting a Marbella Apartment
During the summer season, more families tend to travel abroad or to the Costa del Sol to enjoy a long awaited vacation. Most of these families of 4+ will opt for renting a self-catering apartment or villa for the entire duration of their holidays. Renting a hotel for example is far too costly for a family of 4 or 5. There are of course plenty of hotels on the Costa del Sol and plenty provide an all exclusive deal, but today’s typical UK family would rather save money to enjoy those little extras while on vacation.
If you own a Marbella apartment or Marbella villa, you can earn rental income by either letting your Costa del Sol property short term to holiday makers or long term if you so choose. The reasons to invest in rental property on the Costa del Sol are many, and includes a steady uptick in the property market here on the Costa del Sol. Second home values have always been a good investment opportunity here on the Costa del Sol. Marbella and surrounding areas like Benahavis, Atalya, Estepona, and the Golden Mile remains a prime property market and is leading Andalucia to full market recovery.
The majority of property sales around Marbella are resales homes, which remain more affordable and are in huge demand. Today however, there are also a number of new developments popping up as well across the Costa del Sol. New builds in Marbella for example are currently on the rise and there is more construction going on now then there has been in over a decade.
Economic factors are also playing a big role with the European Central Bank cutting its benchmark interest rate, prompting lenders to lower their mortgage rates. For many foreign investors however, it is the broader sentiment about the recovery in the South of Spain that has lifted investors spirits. Since the beginning of 2016, buyers have shown more confidence in the Spanish economy and have chosen to invest.
Taking full advantage with property on the Costa del Sol
Today buying motivation is no longer driven by lower or discounted prices, but instead by a lifestyle that Marbella alone eludes. Marbella offers an opportunity to purchase affordable properties in stunning locations that will never lose its charm. The reasons and factors are increasing in favour of Marbella property and why a second holiday home could provide huge benefits because of rental income. It’s not only Marbella property either, but other areas like Nueva Andalucia property, and the New Golden Mile.
Get in touch with Marbella Homes today to find out how you can earn rental income on your Costa del Sol property.