It is surprisingly tricky to locate good beachfront property in Marbella – unless, of course you’re prepared to pay the incredible premiums that these exclusive locations demand.
For example, if you were to seek a 2 bed property on the highly sought-after and very elegant beachside Golden Mile of Marbella, you would struggle to find something for less than 650,000€.
However, we are now witnessing a surge of new-build developments that are providing some very interesting purchasing prospects.
The first to grab the attention of local and international investors alike was Bahia Beach. It re-launched the first phase of previously distressed properties back to the market in 2012. These highly luxurious beachfront apartments and penthouses on the New Golden Mile had originally been priced at between 500,000€ - 900,000€. All of the properties and surrounding facilities were re-conditioned and re-marketed with 70% discounts from their original cost. Therefore, it was no surprise that the entire first phase of 113 properties sold out in only a fortnight –an unprecedented occurrence in a still delicate economy.
The second phase of Bahia Beach is now available. And though the prices have increased to match a steadier economy, they still offer some of the best opportunities with new 1-3 bed apartments and penthouses, located in a 5-star neighbourhood from only 206,000€. This is probably one of the best sales opportunities available right now.
More recently, American Investment Fund, RCS–Spain has also launched a stunning newly redeveloped resort on the New Golden Mile near to the exclusive leisure complex, Laguna Village. Golden Beach is a completely unique resort with unbeatable panoramic views across to Gibraltar and Africa. Similar to Bahia Beach, the more economical Golden Beach properties are being snapped up quickly so we urge investors to act quickly.
Also situated along the New Golden Mile is Horizon Beach. The same developer who sold 114 off-plan apartments in 2013 in just 11 months brings these beautiful apartments to market. Horizon Beach is a tranquil collection of just 36 apartments and penthouses with an infinity pool and direct access to the beach. Prices start at 300,000€. We do not expect them to be available for long.
Beachfront locations will always be the height of demand in Marbella and space is running out. If you’re looking for a new build property with sea views, we recommend that you act quickly to make the most of these excellent opportunities.
For more information on any of Pia’s preferred properties, view www.blusuncosulting.com or call Pia directly: +34 667 634 301
Pia Karström runs Blu Sun Consulting – a Swedish real estate agency based in Benahavís, Marbella.