Property
Is Now the Right Time to Buy Property in Manilva
The Costa del Sol has long been a hotspot for property buyers looking for a slice of the Mediterranean lifestyle. Among the many beautiful locations in the region, Manilva and its surrounding areas offer an unbeatable combination of stunning coastline, affordability, and investment potential. But is now the right time to buy property here? Let’s take a closer look.
Over the past few years, Manilva has grown in popularity among both investors and those looking for a second home. Compared to neighbouring areas like Marbella and Estepona, property prices in Manilva remain more affordable, making it an attractive option for buyers seeking better value for money. The market has seen steady growth, with demand rising, particularly for beachfront apartments, townhouses, and luxury villas.
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One of the biggest advantages of buying in Manilva is the competitive property prices. While prices are increasing, they still remain lower than in Marbella or Sotogrande, offering excellent value. The rental market is also booming, with growing demand for holiday rentals, making it possible to generate solid returns through short-term lets. Beyond investment potential, Manilva offers a high quality of life with beautiful beaches, a laid-back atmosphere, and great amenities. Ongoing infrastructure developments, including improved roads and services, are also enhancing its appeal. And, of course, the area’s ideal climate, with over 300 days of sunshine a year, makes it a fantastic place to live or visit.
As we move through 2024, several factors suggest that now could be an excellent time to invest in property in Manilva. The Costa del Sol property market remains strong, but prices are still reasonable compared to other prime locations. Demand from international buyers, particularly from the UK and Northern Europe, continues to rise as more people look to relocate or invest. Favourable exchange rates, especially for British buyers, provide an added incentive. Additionally, limited supply in key areas means that prime beachfront properties and well-located homes are becoming harder to find, so acting sooner rather than later could be beneficial.
While the market is promising, buyers should be aware of potential challenges. Rising interest rates mean that mortgage costs are higher than in previous years, so financing a property might be more expensive. Legal considerations are also important—ensuring that the property is fully legal and that all permits and documentation are in order is crucial before making a purchase. If you plan to rent out your property, it is essential to check local licensing laws to avoid any regulatory issues.
For those looking for a holiday home, an investment property, or even a permanent residence, Manilva and the surrounding areas offer fantastic opportunities. The combination of affordability, rental potential, and an enviable lifestyle make it a prime location for buyers. If you're considering purchasing a property in Manilva, now could be the perfect time before prices rise further. As always, working with local real estate experts will help ensure a smooth buying process and the best possible investment.
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