March 20, 2017 STRATA

Real estate investing in Costa del Sol resurges after 7 years

Since 2008, it seemed that real estate operations in Spain got totally blocked due to the crisis in the real estate market but, for the first time, we are experimenting the first signs of recovering. Specifically, real estate investing in Costa del Sol.

Real Estate investing in Costa del Sol, or why the money is coming back to Spain

After years of turbulences and recession, investors are trusting again in real estate investing in Costa del Sol and, in general, in Spain. Although the national demand is equal or lower before the crisis, international demand has showed a real interest and good behavior in what is referred to the real estate investment process. As a good example, three multimillionaire projects for Marbella, Mijas and Estepona have been presented recently. One of the examples is Ikasa, that has recently announced is going to invest €205 millions for the construction of 200 luxury properties in a new complex called Panoramia Estepona, whose building works will start this summer.
Another good example of Real Estate investing in Costa del Sol is the renown Marbella, where the second multimillionaire project is going to take place. One of the biggest investment funds in US has injected €150 millions for the construction of 200 luxury housing next to the Santa Clara Golf residential area.

Real Estate investing in Costa del Sol will grow 10% in 2015

Real Estate companies also assure that this year the real estate investing in Costa del Sol will grow about 10%, three times more than inland areas. Thanks to this improvement on the Real Estate sector, is estimated that the stock will reduce a 50% and new building constructions are developing for the first time in years. In 2015, 29 new property developments have been approved and are already on sale.

Looking for a property? This is the right time to do it

If you are considering to buy a property in Costa del Sol, this is the perfect time to do it. Real Estate investing in Costa del Sol is in an optimum point: prices are much lower than seven years ago but they are already experimenting rises, so it is time to make your purchase with the right quality price before it gets shoot up. Marbella, for example, have seen its luxury properties prices risen as a sign of recovery.
If you are interested in buying land or new building developments, it is an ideal moment for Real Estate investing in Costa del Sol, as the first new constructions are beginning again to appear in the market.
Costa del Sol is pointed as one of the zones with better perspectives of real estate recovery and there are already interested buyers who cannot find the property that they are looking for.
In MustRealty, we are personal real estate advisors specialized in Costa del Sol, so, if you are interested in Real Estate investing in Costa del Sol and you have issues to find the property which fits with your needs, we’ll be glad to help you!

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