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Location Is Everything With Marbella Property Investment by Xana Sexta
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Location Is Everything With Marbella Property Investment |
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Real Estate
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So you're looking to invest in Marbella property but with so many good deals to be had which is the best option and what type of property should you buy and in which area of Marbella should you buy? The truth is that old adage that Location is Everything should be your guiding principal. The truth is with Marbella property investment is that the large majority of people who buy a property for investment here in Costa del Sol want to actually get some personal use out of their property which immediately rules out long lets and means any additional rental income needs to come from Holiday lets and this is why location is everything for these type of investments. So what type of location should you look for? Without doubt prime location property if you can afford it because if it's in a prime location people will pay higher rents and it's always likely to be the first units to rent. The next question is what type of yields or holiday rental income you would expect to get from your property. The obvious answer to this is that depends on what you have had to pay for your property. A prime location two bedroom apartment that is correctly marketed for holiday letting in Marbella should be able to achieve 25,000 to 35,000 Euros per annum. So if you can buy that apartment at under 600,000 then it makes much more business sense than an apartment that is priced at say 200,000 Euros that isn't in a good location and has limited holiday rental income. You can obviously take this a stage further with Villas where it makes sense to buy villas for sale in La Zagaleta and villas for sale in Sierra Blanca because they are prime location areas for the holiday rental market for villas. However you do need a different marketing approach to these types of properties. So the real secret is to find these magical prime location properties at the right price and from my point of view I could recommend two that are projects that are selling well below current market value. The first is Santa Clara Golf in Los Monteros a very desirable area of Marbella when you can buy a very high quality Duplex apartment from 400,000 Euros and the qualities of these apartments are superb and lend themselves to high income holiday rentals. The second being Banus Beach Gardens which is second line beach at Mistral beach in Puerto Banus next door to the famous Malibu development. Here you can buy a 2 bedroom apartment for around 500,000 and because of the location you should be able to achieve high holiday rental incomes. This is just a guide as to what can be achieved but the most important thing about property investment in Marbella is to make sure you buy in prime location areas.
Sundream Estate is the leading luxury real estate company for Spanish property in Marbella and specializes in Villas for sale in Sierra Blanca and villas for sale in La Zagaleta
Related Articles -
Marbella, Investment property, Spain, Location,
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