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Russians lead the growing number of overseas investors choosing property in Marbella

Overseas investors have been scouring the world for real estate opportunities in the knowledge that a bear market such as this makes for some property bargains. An increasing number of international investors, a notable number from Russia in particular, believe that now is the time to choose property in Marbella in Spain, reports leading local agents La Concha Living (http://www.laconchaliving.com/).

 

There are a number of reasons that Russians and investors from around the world are turning to Marbella properties for their overseas property investment. First of all there is the current global economic climate. The downturn and its effect on much of the world’s real estate market may not be a positive thing in many ways, but it hascreated some property bargains. Real estate investors from Russia and all over the world who are in a position to buy can find some opportunities in the Costa del Sol region which are significantly under market value. Marbella villas, townhouses and apartments hold their value more than those in most other areas of Spain, but distressed sales are available where the vendor is willing to reduce the property price for a quick sale.

 

International investors are also attracted to Marbella property because of the inherent appeal of a holiday destination which is famous the world over, but also by the improvements being made to the area’s infrastructure. These improvements show that Marbella will continue to attract holiday-makers and residents alike. Málaga International Airport has undergone extensive expansion to cope with the increased passenger intake; the main road linking Marbella to the rest of the coast, the N340, is undergoing improvement to ease the increased traffic; and the bull-ring outside of Puerto Banus has been turned into a top concert venue, attracting acts from all over the world. Clearly, Marbella is not just relying on its impressive history, but is continually forging into the future – all of which is music to the ears of any property investor and goes some way to explain the interest in property for sale in Marbella.

 

Finally, Marbella is seen as a perennially popular tourism hotspot and as such has not been hit by the falling tourism figures witnessed in other areas of Europe. The expansion of Málaga airport is intended to facilitate the ever-increasing number of tourists coming to the Marbella area and the Puerto Deportivo of Marbella has been given a face-lift to expand the number of attractions for the growing tourism market. International property investors looking for income from renting out Marbella apartments or villas will certainly be encouraged by a tourism sector which is booming when others around the world are suffering in testing economic times.

 

For further information on investing in Marbella property and to view the latest property listings in the area, go to http://www.laconchaliving.com/.

About the Author

Editor’s Note: La Concha Living (http://www.laconchaliving.com/) is represented by the search engine advertising and digital marketing specialists Jumping Spider Media. Please direct all press queries to Louise Byrne. Email: louise@jumpingspidermedia.co.uk or call: +44 (0)20 3070 1959 / +34 952 783 637.

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