Souvenirs of a different kind will be on offer to cruise ship passengers arriving at Marbella’s new EUR 400 million marina...
In addition to the usual Spanish offerings of trips to hilltop Ronda, stuffed fighting bull dolls, castanets and flamenco CDs, "Day ashore" passengers will be able to snap up luxury villa bargains during Meet & Greet viewings organised by enterprising local estate agents.
With current recessional prices expected to revive in the next two to three years, the timely opening of the resort’s spectacular circular marina and cruise ship pier in 2015 could provide early equity gains for passengers persuaded to inspect and invest in local real estate.
Once complete, La Bajadilla will be as big an attraction as jet-set Puerto Banus and expected to bring millions of tourists to Marbella. It provides an additional 500 berths arranged on a spectacular circular pier, 220m pier for cruise liners, a waterfront five-star hotel as well as bars, restaurants and shops.
The marina investment by Qatari billionaire, Sheikh Abdullah Ben Nasser Al-Thani, has gained planning consent and completion is planned for 2015.
Said one local estate agent: “Investments made in Marbella at today's prices are bound to increase in value. Now is the time to consider buying a home in and around the Marbella area - whether you are buying as an investment, family holiday home or a permanent residence.”
A spokesman for Spanish-based investment specialists, Walker Fortune said: “We have buyers flying in for a day’s property viewings in Barcelona and Ibiza already, so we’ll provide our usual VIP Meet & Greet at the quayside for cruise passengers. Wealthy clients can find and secure the best property deal in a day.”
Currently there are Spanish bank repossessions and distressed sales from bank controlled developers and private owners in Costa del Sol, but shortages in the mid-price ranges. The best buy currently is in Coto Real Duquesa, close to Puerto Banus where brand-new, key ready sea and golf view apartments start at EUR 141,000 with 100% mortgage offers due to the excellent loan to value.
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