subject: Marbella and Puerto Banus: lifestyle locations for property that stands the test of time [print this page] Marbella and Puerto Banus: lifestyle locations for property that stands the test of time
Marbella and Puerto Banus are the jewels in the crown of the Costa del Sol and some of the most sought-after locations for property in Europe. Both areas have been established as luxurious and aspirational lifestyle locations for decades, and demand for property in these areas, both for sale and for rental, has increased year-on-year. Here, one of the leading sales and rentals company in Marbella and Puerto Banus, Marbella Premier Estates (http://www.marbellapremierestates.es/) looks at why, even in a downturn, property in these areas stand the test of time.
While the town of Marbella and the marina of Puerto Banus conjure up images of super yachts and sports cars, they are both far more than just playgrounds for the rich and famous. Marbella is very much a working town, even if it's income is now from tourism and not from the catch of its fishing boats, with Spanish and international residents and visitors keeping it bustling all year-round. There is no doubt that Puerto Banus is a tourism playground, but it's also the place where thousands of people live, work, shop and play throughout the seasons. Over 300,000 Britons currently live in the Marbella and Puerto Banus area, with around 2.5 million more visiting each year.
There's no doubt that the global economic downturn has hit Spain's property market hard, particularly due to the excess supply of newly built apartment complexes, but Marbella and Puerto Banus are so firmly established on the map that new-builds are rare. That's partly because space is at a premium and partly because Marbella's town hall is now hot on regulating construction licenses. What does all this mean for the property market in the region? It means longevity, according to Trevor Kerr, Sales Director of Marbella Premier Estates, one of the leading property sales agents in Marbella: "Anyone who has recently visited the area knows that, just like the predicted drop in tourism that has failed to materialise, the property crisis that has hit other regions of Spain has not affected Marbella and Puerto Banus in the same way. The same things that bring people to the area on holiday attract them to property here, both for sales and rentals. The fact that these are both established lifestyle locations with attractions which will never wane, such as the climate and the coast, means that this micro' property market can remain buoyant throughout any external conditions. We have seen some of the prices of our Puerto Banus villa rentals come down in the past year, but that has only attracted more interest from both short- and long-term renters".
Marbella Premier Estates specialise in apartments to rent in Puerto Banus and Marbella, as well as the very best property for sale in the area, from bijou marina apartments to stunning villas for sale in Marbella. To view the latest listings, go to http://www.marbellapremierestates.es/.
