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Spain: Lifestyle investment property in Marbella - Steve Dawkins, Own Property Worldwide

Lifestyle investment property

The Spanish property market has been put under a huge amount of scrutiny recently and the aim of this article is to outline some positive reasons to re-consider buying here. With all the negativity surrounding Spain, who could blame you for believing it wiser to consider other international locations to invest your hard earned cash? Over the past few years, a number of emerging locations have flooded the marketplace, taking the spotlight away from the more traditional holiday home destinations. However, these new kids on the block have often failed to deliver on buyer expectations and the spotlight will soon be shining once again on long term favourites such as Marbella.

I’m sure seasoned readers of this newsletter don’t need reminding yet again why property prices on the Costa’s crashed so spectacularly; but there does seem to be a bright light flickering at the end of this dark tunnel. With the recent weakening of the Euro (£1 – 1.15Eur as I write this) and with experts forecasting it will fall even further; I believe that now may well be the time to buy in Spain again.

The economic downturn has sparked a dynamic property market that is buzzing with distressed and Below Market Value (BMV) opportunities. Properties in perennially popular destinations such as Marbella are being made available to investors in the know, with up to 50% off already reduced prices.

But what kind of properties offer great value for money and most importantly, what should you look out for to protect your interests in 2010? Below I will outline some of the current deals available and the innovative schemes that have been put in place by leading developers to tempt you.

Own Property Worldwide and our partners in Spain are offered thousands of properties to promote but we use our expertise to select only premium properties that offer unbeatable value for money; saving investors a huge amount of time and effort in a fluctuating market.

For investors looking for capital growth opportunities over the next five years, I would suggest that the key motivation would be to purchase a holiday home as a ‘lifestyle investment’ at prices as low as we are ever likely to witness.

For the majority of investors looking to buy now, the holy grail of a ‘lifestyle investment’ is purchasing a holiday home that offers great capital growth potential. Marbella to a tee! Which reminds me to give a mention to the huge array of world class golf courses on offer…

What can I get for my money?

Properties currently available in the Marbella region include apartments from 130,000 Euros, townhouses from 230,000 Euros and penthouses with incredible sea views from only 250,000 Euros. But remember, the best deals are being snapped up on a daily basis so I highly recommend contacting us at OPW to view the very latest up to the minute deals. My top tip would be to consider only penthouses with great views and townhouses on established developments. Bear in mind that small one bed apartments in poor locations are priced low for a reason.

A deal not to be missed

Own Property Worldwide has recently agreed an amazing opportunity to promote centrally located, high spec townhouses in the heart of glittering Puerto Banus.

Within the last 18 months, many of these properties were marketed and sold for approx 1m Euro and OPW can now offer them to BuyAssociation readers for less than 500k. This staggering discount is available for a short time only and finance is available for around 70% of the purchase price. Don’t miss out - contact us now for further details.

Try before you buy

Developers have come up an interesting opportunity where you can literally try before you buy. One such highly recommended scheme is in the respected Lomas Del Rey development, situated in an exclusive enclave behind the five star Puento Romano hotel. With reduced prices on luxurious 2-3 bedroom garden apartments and penthouses, the developer welcomes interested buyers to rent their chosen property for one year. The total amount of rent paid in that 12 month period will be deducted from the purchase price if you choose to invest. Not only do you get to sample the Marbella lifestyle, you can also lock into a price now or be in a superb position to negotiate with the developer in a year’s time if prices do fall a little further.

More pages

Page 1: Lifestyle investment property
Page 2: Rental market

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