Property Investors
Costa del Sol Real Estate Investment Property in Spain
Elitea's specialist department is composed of the best real estate investment professionals dedicated to the needs of investors on Spain's Costa del Sol.
Whether you would like additional income, prepare your retirement pension, provide an inheritance for your children or realise a mid-term investment:
Historical Overview
Due to a variety of different factors, the Marbella property market has been growing at an impressive and steady rate during the last 4-5 years.
Some of the reasons for the continuing demand for Marbella property are:
- Climate - over 320 days sunshine per year
- Accessibility - average of 2 ½ hours flying time from UK
- Malaga airport to double in capacity by 2007
- Millions of potential buyers from all over Europe, and beyond
- All year round season
- 47 golf courses, with a further 20 under construction
- Facilities and amenities, such as world class shopping and tourist attractions
- Sophisticated and cosmopolitan environment
- Safe and secure
- Genuine career and business opportunities, leading to migration of diverse population groups to the area
- California of Europe
These are the pure ´lifestyle´ reasons for purchasing on the coast. When you add to the equation the great financial returns that have been achieved, Marbella adds up to a superb multi-faceted investment product.
Long Term Capital Growth
During the last 4 years, the Costa del Sol property market, as a whole, has been rising at between 15% - 20% per annum. To be more specific, the prices of property in the Marbella area and its surrounding regions have been rising at closer to 25% year on year. Many experts are predicting that this trend looks set to continue, particularly while the above reasons apply to the area. Buying Off Plan
Many people have heard about the phenomenon of buying property off-plan. All that this means is that you are securing the most favourable prices and terms by buying something that hasn´t been built yet. Demand for Marbella property has meant that most buyers end up having to wait for completion of their ídeal´ property, hence why queues often form outside the sales offices of the most eagerly anticipated new releases!
Developers will normally increase the prices of their units at certain stages of construction, and most notably once a show home is erected. It is not uncommon for some developers to increase prices by 10% if their weekly sales targets have been reached! Coupled with general economic growth and the simple laws of supply and demand, it is easy to see how growth of 20% - 30% per annum can be achieved. When reserving property off-plan, you have a number of options open to you - the beauty is that, unlike most investment products, you have between 18 months and 2 years (construction time) to decide which option to take. This allows the investment to track and reflect your own particular life needs, desires and changes.
Normally, developers will ask for a sum of money, normally between 25% - 50% of the purchase price within 1 month of reserving a property. Usually, there is then nothing to pay before completion in, say, 2 years time.
Our Services
Elitea can fulfil your expectations.
• Do you want to provide a cost effective inheritance?
You may be the freehold proprietor of a second home, built to the highest standards and at a reduced VAT rate of 7%.
You will be taking advantage of a very low interest rate and a high rental potential (the highest short term rentals in southern Europe), you can establish an inheritance without excessive financial charges.
Elitea will take care of every aspect of the investment property management and rental, leaving you free of all the mundane responsibilities, allowing your investment to 'work' for you.
Elitea endeavour to maximise your investment to its full potential.
• Are you looking for the best real estate investment opportunities?
With an average growth of 15% per year over the last 5 years, the Costa del Sol boasts fantastic market in realty, leaving you safe in the knowledge that Real Estate over performs stock markets without the risks of the financial sector.
Real Estate on the Costa del Sol is one of the leading investment opportunities for professionals. It is the most balanced asset of your investment portfolio.
Elitea can help you optimise your investment by recommending the most appropriate legal structure.