Spanish property in Marbella or just outside still represents some of the best value in the whole of Spain according to the Spanish property experts Spanish Hot Properties. However one should bear in mind the cost of living where you buy your property, because the cost of living varies extraordinary amounts along the 150 Km stretch of Costa del Sol from Puerto Banus on the high side to towns to the east of Malaga like Torre del Mar on the lowside. As Nick Stuart managing director explains “As far as property bargains are concerned and especially heavily discounted new properties from the struggling developers, it is the are area of greater Marbella that offers the best deals with some apartments that were €360,000 a year ago now selling at €200,000. These are extremely luxurious apartments but obviously not in the major town centres and about 6 km from Puerto Banus however when you compare the cost of gong out for a drink and a meal and other local living costs these can be much higher than somewhere like Fuengirola where it is almost impossible to get the same property bargain due to it being a much more local market than the international property market. Fuengirola has a large international contingent with a high number of Scandinavians as well as a British and Irish community and those who decide to buy property in Fuengirola are happy to make the trade off from the quality of the property they live in to the a cheaper cost of living. So depending on your own financial situation it is very much a factor to consider especially for those people wanting to buy with a view to living in Spain”
One other thing that property buyers should be aware of is that these fantastic properties in Marbella involve having to drive and for those wanting to be close to town and beach life around the Marbella area your starting budget really needs to be in excess of €300,000 which can buy you a property that was €500,000 in 2007. “Some clients want the qualities of the brand new luxurious apartments with Town and Beach life for €200,000 Euros which is very unrealistic for a multitude of reasons including the cost of building (there may be a recession on but the cost of construction has not come down in price) and the best locations were built first and therefore have the qualities of the time they were built” Nick explained further.
Anyone wishing to find more about Spanish property in Spain from Spanish Hot Properties should either call us or email Spanish Hot Properties.
HQ Mailing Address:
Spanish Hot Properties SL
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana
CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 588 910
Email; info@spanishhotrpoperties.com
Website: http://www.spanishhotproperties.com/
0 comments:
Post a Comment