World-class real estate investments in Marbella.
The attractiveness of the Costa del Sol—Marbella in particular—to international investors in the high-end luxury real estate sector has been confirmed by the announcement of a series of new projects worth hundreds of millions of euros. The luxury villas and apartments for sale in Marbella have retained their cachet and desirability to wealthy individuals over the past few years and out-performed other sections of the property market, with values holding up well and indeed increasing consistently since 2013. This has not gone unnoticed by international investors who have traditionally looked to major global cities such as Hong Kong and London for investment opportunities. However, the luxury market in those locations looks to be cooling—with Bloomsberg news consultants saying off plan sales in London have dropped 19% and the Global Property Report reporting Hong Kong developers are having to cut prices to attract buyers. This means investment and development companies are now searching for better value elsewhere—with Marbella and the Costa del Sol appearing among the favoured destinations This trend is confirmed by the fact that within the past few weeks there have been several top range projects announced and further interest expressed by major companies looking for investment opportunities in the region. Five star resort and villas at Las Chapas First to be unveiled was a €200 million project on the last prime seafront plot in Las Chapas. Hong Kong based Platinum Estates is planning to build 120 luxury villas as part of a five-star hotel resort in this increasingly popular part of Marbella. Inspired by the theme of a Mediterranean village, it will include an up market beach club, shops, restaurants and luxurious leisure facilities. An important scheme for the area, it will complement existing resorts in nearby Elviria such as the Don Carlos and Vincci Estrella del Mar to create another prime cluster in Marbella. Saudi project in east Marbella Staying within the east Marbella area, the Saudi based Cayman Group recently announced a joint venture with Promociones Sarena S.L., the developers of La Mairena, a hill club estate just inland from Elviria and a few minutes from La Cala Golf Resort. La Zagaleta ethos at Valderrama Another €200 million investment was announced with the takeover of the famous Valderrama Golf club in Sotogrande by the owners of the exclusive La Zagaleta Country Club in Benahavís. They paid €40 million for the golf course and plan to develop Valderrama 2 in nearby Castellar, using the highly-exclusive country club of La Zagaleta as the model for a top-of-the-range living environment. China’s richest man looking at Benahavís The prestige of Benahavís and Marbella is reported to be attracting the attention of China’s richest man, Wang Jian Lin. Representatives of his Wanda Group—which is cancelling a luxury hotel project for Madrid’s iconic Edificio de España after disagreements with the city hall—have held meetings with the Villa Padierna Hotel resort and members of Marbella’s leisure and real estate industries as they put out feelers for investment opportunities. Michael Liggan, CEO of Altavista Property welcomes such positive news. He said: “Marbella’s ability to attract investors of this calibre is positive news for the town’s future. They have become successful by spotting value and opportunity and evidently believe in a bright future for Marbella—and this is something I heartily agree with.” Should you wish to be involved in investment opportunities in Marbella real estate, please contact us for a private consultation—Altavista Property has many years experience in marketing new developments in the area.
