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Investing in Marbella Real Estate
Although the Marbella property market is forecasted to continue its upward trajectory, there are still plenty of opportunities when it comes to Marbella real estate. Recent data shows that property prices in Marbella have increased by 10% in the last year, with average prices now reaching €4,533 per square meter. Neighborhoods such as Nagüeles-Milla de Oro, Nueva Andalucía, and Las Chapas-El Rosario are particularly known for their premium real estate. To tell you more about the property market of Marbella, the following are 3 key things every investor should know in 2024.
1. West is Best
The greater region of Marbella is popular in general, but even hot spots have their best sides. In the case of Marbella, you’ll want to be looking westwards. Not just the west of the town and the Golden Mile stretching until Puerto Banus, but also places such as Nueva Andalucia, Benahavis, El Paraiso, and Estepona, to name but a few. Besides benefitting from general plus points such as the weather and the proximity of the beach, these places offer safe gated communities, picturesque golf courses, great restaurants and bars, and, more than elsewhere, top-quality real estate worth investing in. On top of that, famous places nearby include the Los Flamingos Golf Resort with its 5-star hotel, the Puro Beach in Estepona, hotel Kempinski, and Hotel Puente Romano. All these attract people who enjoy a high-quality lifestyle, which means a good market for luxury real estate.
2. Opportunities Are Still There
While Marbella’s real estate market has grown rapidly, opportunities still exist for those willing to move quickly and make informed decisions. With the town’s stable market conditions and rising international interest, 2024 presents an opportune time for investors to enter or expand their presence in the Marbella property scene.
Foreign buyers—particularly from North America and the Middle East—are playing a significant role in driving demand. In the past year, the region has seen a notable increase in high-net-worth visitors aged 35-50 from the United States, Canada, and Gulf countries. Many of these visitors are not just holidaying in Marbella but are actively purchasing or renting high-end properties, contributing to the continued growth of the luxury real estate market.
For investors, one of the most attractive opportunities lies in the rental market. The average rent for properties in Marbella is now around €2,263 per month, and luxury holiday rentals are in particularly high demand. The town’s appeal as a year-round tourist destination means that investors can expect strong rental yields, especially during peak seasons when short-term rentals command premium prices.
3. Quality > Price
In a highly competitive environment such as the Marbella real estate market, quality is more important than price. The reason that the prices on the Costa del Sol are higher is because people are genuinely satisfied with the quality, size, and finish of their homes. From start to finish, things that are considered luxuries in other places are common here, especially in Marbella. And that’s what keeps buyers coming, time after time. So if you’re considering investing in Marbella real estate, think about quality. Choose a property that caters to every need – whether it’s physical, financial, or practical.
Marbella Property Market in 2024
With luxury property prices on the rise and a steady influx of international buyers, Marbella is solidifying its position as a top-tier investment destination in 2024. The region’s appeal to global buyers, especially from North America, ensures that its real estate market remains stable and promising. Whether for lifestyle, vacation, or investment purposes, Marbella offers a unique opportunity for those looking to tap into a lucrative, fast-growing market.
Are you interested in investing in Marbella real estate but would you like some more property investment advice first? Feel free to contact us for more information about the region and the opportunities it provides. As local property experts, we provide honest and straightforward advice. Or have a browse through available real estate to see what’s for sale.
