MarView, Estepona
- Properties From $313,000
- Tenure: Freehold
- Estimated Rental Return: 11%
- Completion: Q4 2023
- This new building project is located in Cancelada on the New Golden Mile between Estepona and Marbella on the Costa del Sol. Not only can you reach the cities quickly, but also the sea. By car, you can be at the Playa de Guadalmansa in five minutes. The demand for holiday rentals remains strong throughout the year, attracting tourists from all over the world.
- Marbella has seen prices sky rocket in the last 10 years with many buyers moving a little further afield to find value. This means that there is still plenty of room for growth in the market, making Estepona a smart choice for investors.
- The Costa del Sol has a booming touristic market. Up to half of all property sales in Costa del Sol are foreign investments.
The Resort
The development offers 2 and 3 bedroom apartments with excellent communal areas. Facilities include an outdoor swimming pool, co-working area, spa, Club House, gym, and sports area. The apartments have southwest facing terraces to make the most of the beautiful views of the Mediterranean sea. Ground floor apartments have gardens. The development has a prime location in Estepona, within walking distance to the beautiful village of Calcelada. It is surrounded by golf courses and near exclusive shopping centers.
– Sea Views
– Swimming Pool
– Club House
Why Spain?
- 87 million visitors per year
- 300 days of sunshine
- Low cost of living
Spain is considered one of the most attractive countries for real estate investments in Europe. In Spain, the demand for rental properties has increased by more than 10% year on year. An expanding market offers many advantages, such as a large number of potential customers, as well as less intense competition. According to a report published by the Central Bank of Spain in 2022, properties can expect a return of + 11.2%. The good news for international real estate cash-buyers: it should be easier to find properties as interest rates are rising. In 2019 (prior to Covid), Spain was the second most visited country in the world with 83.7 million visitors. Some of the worlds biggest REITs have turned their attention to developing luxury homes on the Costa del Sol due to the high ROI.
Est Return
- Occupancy Rates: 54%*
- Est Revenue: $35,500*
- *Based on AirBnB data
Location
The Costa del Sol is a famous tourist and relocation destination due to its high quality beaches coupled with fantastic all-year-round weather. Estepona lies to the east of Marbella (one of the most expensive areas to buy property in Spain), offering a good value for money in a calmer area. Estepona’s recently refurbished old town is considered one of the prettiest in Andalusia. This development is located on the New Golden Mile, a name given to the stretch of coastline between San Pedro Alcantara in Marbella and Estepona. This area is popular with both tourists and permanent residents. It is located within walking distance of the charming villa of Cancelada, where you will find local shops and restaurants. The area has both mountain and sea views. It is centrally located, and only a few minutes drive from golf courses La Quinta, Los Flamingos and El Higueral, which are all known for their fantastic courses and atmosphere.
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