Buying a holiday home abroad has many advantages and in an increasingly remote working world, your office can literally be anywhere with an internet connection. Marbella’s fabulous microclimate of around 320 days of sun every year and a thriving property market is proving to be an investor’s dream. Let’s look at the Top Reasons for buying a holiday home in Marbella.
Investment
Marbella’s property market is currently experiencing a 20% increase since last year so buying a holiday home in Marbella would be a great investment opportunity.
Income Generator
With Airbnb, booking.com, Vrbo, etc. you can rent out your holiday home when you are not using it to generate an additional income stream, cover your expenses and make your property work for you.
Diversification
Investing in a holiday home in Marbella can be a great way to diversify your portfolio. You can spread your investment risk by owning property in different markets and currencies.
Low-Cost Holiday
Owning a holiday home in Marbella gives you the flexibility to have a dedicated getaway that you can travel to whenever you want. Pack light and leave everything else here. No need to worry about expensive Airbnbs or limited availability of hotels during peak season. Your holiday home in Marbella is always ready and waiting for you to escape to.
Residency
Buying a holiday home in Marbella worth a minimum of 500,000 Euros makes you eligible for the Spanish Golden Visa and grants you residency in the country.
Tax Benefits
Owning a holiday home abroad can offer you some tax benefits, such as deducting your mortgage interest, property taxes, and maintenance expenses.
Potential Capital Appreciation: A holiday home abroad in Marbella will generally appreciate over time. Marbella will always have the sun and sand and isn’t likely to lose its popularity any time soon. The more the area develops, the more the value of your property increases.
Lifestyle
Marbella offers a high-quality lifestyle with its beautiful beaches, exclusive golf courses, world-class restaurants, and a lively nightlife. Many people see Marbella as a place to relax, unwind and enjoy a luxurious lifestyle.
Retirement
Spain ranks #6 in the top 10 countries to retire in worldwide. With its attractive year-round climate, reasonable cost of living, affordable & accessible healthcare, diverse expatriate community, proximity to the rest of Europe and access to two international airports, Marbella is a popular retirement destination.
In general, Marbella offers a winning combination of factors that make it an attractive and viable destination for those looking to buy a holiday home in a sunny, luxurious, and culturally rich location with good investment potential.
