Tranquil Meadows, Estepona
- Properties From $278,000
- Tenure: Freehold
- Estimated Rental Return: 12%
- Completion: Q2 2024
- This well-priced development has a privileged situation, as it is between Estepona, with its Marina and golf courses, and the Bahía de Casares. The development is located a few minutes from the coast, with beaches such as Arroyo Vaquero or Bahía Dorada.
- 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.
- Investing in Estepona property can provide long-term capital appreciation due to the region's popularity and ongoing development. The Costa del Sol continues to attract international buyers, including those from Northern Europe, the UK, the US, and Russia.
The Property
The development comprises of 106 two and three bedrooms apartments and penthouses. This contemporary resort is a short walk away from the vast beaches of Estepona and local amenities on the Costa del Sol. All the apartments enjoy open-plan kitchens, bright living areas, and floor-to-ceiling windows, where you can enjoy views of the communal gardens towards the sea.
All properties come with a storage room and underground parking. The ground-floor apartments have beautiful gardens and terraces, while the penthouses enjoy extra large terraces. The resort is in a gated community with ample common areas, including a gym, outdoor meditation area, spa, co-working area, beach volleyball court, children’s area, putting green, and pool surrounded by lush gardens.
Why Spain?
- 87 million visitors
- 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. Returns
- Occupancy Rates: 60%*
- Est Revenue: $34,000*
- *Based on AirBnB data
Location
This development boasts a desirable location, only 800 meters away from the nearest beach and within convenient distance to all local amenities. For those seeking adventure and exploration, the charming towns of Estepona and Duquesa’s Marina are just a short drive away, offering many delightful experiences. If you are a golf enthusiast, you’ll be delighted to discover several world-class golf courses within a convenient 5-minute drive from the property, making leisurely rounds easily accessible. Both Malaga and Gibraltar’s international airports are within a 50-minute drive, ensuring hassle-free travel connections for the homeowner.
Contact us
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