Silver lining for Spanish property market

Despite growing concerns in the UK housing market, the ongoing credit crunch and the perceived pending recession, investors should be careful not to associate the UK and America’s shortcomings with that of the rest of the world.

Mark Bingham Managing Director of Owner Invest said, “Spain in particular, has been dragged into the fray as a result of recent bad press about isolated cases of land grab and has undoubtedly been hit hard by the lack of UK buyers at a time when many are curbing their spending. Spain unlike the UK and USA has a silver lining though, as many Spanish nationals have not spent excessively. Therefore experts predict that the property market will recover quickly and the levelling off of the currently high Euro will be instrumental.

One must also consider the rental market. Differing from the UK, rental is a popular way of living in Spain and as such there is still a huge demand, a demand which is likely to grow in the short term and one which will keep the Spanish property market buoyant. However, Spain does have one thing in common with the UK, it is a ‘buyers’ market and currently there are bargains to be had. Those investing now in a flat market are assured of lower entry costs, coupled with the burgeoning rental market. These two factors plus analysts predictions that the Spanish slump is temporary make this an exciting market to be investing in.”

Owner Invest are currently marketing Marbella Royal suites in Marbella, on the doorstep of El Paraiso Golf Course and just 10 minutes from the Mediterranean Sea. This exclusive development brings to the market a selection of ‘turnkey’ one, two and three bedroom apartments. With the emphasis on the luxury market, Royal Marbella Suites affords many facilities, but perhaps its biggest benefit is that Banesto, Spain’s third largest bank is offering 100% mortgages. This makes this development unique especially at a time when banks are limiting their lending. This five star investment opportunity is currently 30% below the official bank valuation with an anticipated R.O.I of at least 12%. Via a 7 year leaseback scheme, owners will earn 50% (anticipated £10k per annum) of ‘pooled’ income generated by the suites and enjoy up to 56 days personal usage each year for no additional cost.

Prices at Marbella Royal Suites start from just £99,000 and over 80% of the development is now sold out.

For more information, visit ownerinvest.com.