Marbella, located on the beautiful Costa del Sol in Spain, is a strategic location that has captivated investors from around the world. With its golden beaches, enviable climate, and sophisticated lifestyle, Marbella offers a unique and tangible opportunity for those looking to invest in real estate.
Real Estate Market Growth: The real estate market in Marbella has experienced steady growth in recent years. According to data from the College of Registrars of Spain, there was a 5.6% increase in property sales in the province of Malaga, where Marbella is located, in 2020. This reflects the constant demand for properties in the area and the strength of the market.
Investment Profitability: Real estate investments in Marbella have proven to be highly profitable. According to industry reports, the annual return on short-term rental properties can exceed 6%. Additionally, property appreciation has been significant over the years, providing investors with the opportunity to earn considerable long-term profits.
Constant Demand for Vacation Properties: Marbella is an internationally renowned tourist destination, resulting in a constant demand for vacation properties. According to data from Spain's National Institute of Statistics, in 2020, the Costa del Sol, where Marbella is located, welcomed over 2.8 million foreign tourists. This sustained tourist demand ensures a steady flow of potential tenants and income-generating opportunities for investors in vacation rentals.
Attractive Tax Benefits: Spain offers attractive tax benefits for foreign investors. The Non-Habitual Resident (NHR) regime allows foreign investors to benefit from a reduced tax rate of 24% on income generated in Spain. This tax incentive can increase the profitability of real estate investments in Marbella.
Stability and Legal Security: Spain has a robust legal system and established legal security for investors. The country's real estate legislation provides protection and transparency in transactions, instilling confidence and peace of mind for investors looking to invest in Marbella.
The figures, profitability, and tangible benefits support Marbella as a strategic location for real estate investment. With market growth, proven profitability, constant demand for vacation properties, attractive tax benefits, and legal security, Marbella offers a tangible and exciting opportunity for investors.
If you have a property in the Marbella area and are interested to find out how much you could earn as a short-let host through Airbnb, give Pass the Keys Marbella a call. You may also visit www.passthekeys.com/marbella and get a quote on how much your property could earn through short-letting.