Real estate has always been a very attractive market for all kinds of investors and much like any marketplace, constant change is the norm. The global economy obviously has an impact on land and property prices. With that in mind, here are some real estate trends that are with us for the remainder of 2022.
You may have noticed that British people, in particular, are looking further afield, thanks to the sky-high prices in the UK at present and this does not look like changing anytime soon. A lot of UK professionals are looking towards the stunning properties for sale in nearby Spain, especially in Marbella, partly due to a lower cost of living and warmer weather.
There is a current trend for beachfront villas as well as other types of properties such as luxury apartments in Marbella. Properties along the Spanish coastline and newly constructed developments are not only affordable, they offer great investment potential. One reason for this is the large percentage of the working population that work online, with many coming from the UK.
Many investors are taking their wealth out of stocks and shares, moving it into the security of bricks and mortar and this is a very stable market; setting up rental properties is much easier when you use a property management company, as they handle everything on your behalf. Many of the luxury properties are actually rental homes that the owners use when the property is not rented out.
Again, due to high land prices, people are buying at luxury venues such as golf resort apartments for sale Alcaidesa or even other tropical areas have on offer, and who could blame them? Many singles and couples are happy with limited living space, plus the development would have all the amenities you need for a luxury lifestyle. Why manage a huge 4-bedroom house when you are a retired couple or a young professional person? Apartments come in studio, one, two and even three-bedroom configurations and with large balconies, a 5th floor unit gives you daytime breeze. A luxury apartment development has premier lifts to all floors, 24/7 manned security, well-kept gardens, swimming pool, fitness centre and even restaurants. Everything you need for a luxury lifestyle is within your complex and who doesn’t want to live in a sunny climate?
Working From Home
This is something that started when the COVID pandemic emerged, and it has had an effect on the real estate market. People are no longer tied to a specific location; many Brits enjoy a millionaire’s lifestyle in southern Spain and Portugal, while working for their UK employer. Add to the many retired UK professionals that live in southern Europe and you have a vibrant and diverse market of people from all walks of life who have the ability to work from any location.
If you are looking to acquire real estate in locations such as Marbella, start with a Google search to find an award-winning real estate agent with English-speaking professionals who are dedicated to helping their clients find their perfect home. They can handle all the legalities on your behalf and in no time, you will be moving into your new luxury apartment.