Low Interest Rates Make Marbella Property Cheaper

Drawings, sketches, pencils, stationery on the table.When the 12-month Euribor rate hit a record now in September it made mortgages cheaper than ever to pay off. The official rate is negative, so since most Spanish mortgages are calculated on Euribor plus one point, the interest rate payable for a large loan like a mortgage has never been lower.


This, together with the fact that banks are lending again, is a very welcome point, especially now that the pound has dropped against the euro and dollar post-brexit. The latter doesn’t affect buyers in most countries in Europe, but it makes property more expensive to British buyers converting sterling into euros when buying in Spain.


In spite of this, as of yet there are no indications that British buyers have lost their appetite for property in Marbella, and the attractive level of property prices on the Costa del Sol – especially when compared with the UK and in particular hotspots such as London – together with very low interest rates is likely to be a significant contributing factor.


“Much of the added expense for British buyers caused by the weak pound is offset by attractive property prices and low interest rates,” says Michael Liggan CEO of Altavista Property, “a bonus which becomes a double whammy for Eurozone buyers not affected by any currency drops.” Moreover, with the low stock yields and interest rates on your savings across large parts of the world, it makes sense to take advantage and invest in real estate instead.


“Here the low rates of interest no longer punish your savings but make your repayment lower.” In effect, the vast amount of your payment goes to servicing the loan, which means you can also opt to pay it off quicker if you set a fixed monthly amount, as a lot of the interest you pay on a loan is frontloaded, i.e. included in the first months and years.


All of this is quite apart from capital gains, for which the current price levels of property in Marbella and the economic analyses provide plenty of upward scope in the coming years. The Marbella property market is experiencing solid growth at sustainable levels, thus avoiding the hype of overvaluing of a property bubble and creating safer, more stable conditions for growth and a soft landing when the current growth cycle ends, which is expected to be in about five years.


Mild growth cycles such as this are normally followed by a mild slowdown before growth resumes a short while afterwards, making this not a risky boomtown investment but a solid one that outperforms the stock markets and most other forms of investment today. Contact Altavista Property. As Marbella property specialists and developers in our own right we can provide expert advice and support for people looking to buy, enjoy the Marbella lifestyle and invest wisely all in one.

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Enjoy Halloween in Marbella

carnival of Venice

Although not a Spanish tradition, Halloween, known as the day of the witches, ‘Dia de las Brujas’ in Spain, is enthusiastically celebrated in Marbella. Whilst you can’t go trick or treating around your urbanisation, you can take advantage of the many Halloween parties taking place in the restaurants, bars and nightclubs around the coast, many of which offer prizes for the best dressed, a special Halloween menu and live music and entertainment.

Not only does this allow you to release your inner child by dressing up as your favourite ghoul, ghost, witch or superhero, but Halloween also makes for the perfect night to explore your local area and make friends, especially if you have just moved to the area.

Here are just a few of our favourite Halloween events taking place in the Marbella area on Saturday 29th October.

The Beach House located in Elviria hosts a family Halloween party each year, which includes live music, a three-course meal for the adults, special children’s menu and children’s entertainment—perfect for those who want to enjoy a night out with friends without excluding the children.

Olivias La Cala – owned by ex TOWIE star Elliot Wright, the swanky restaurant in La Cala de Mijas is sure to attract Marbella’s elite, not to mention a few celebrities, to its Mexican-themed Halloween party taking place from 7.30pm. Tickets are priced at €20.00 and include a complimentary drink on arrival.

Located on the Golden Mile, towards Puerto Banús, stylish beachfront restaurant and bar, Besaya Beach promises a fun filled evening with a live DJ, welcome cocktail and prizes for the best dressed from 7.00pm—the perfect place to begin your night before continuing on to the renowned Puerto Banús to party the night away in true Zombie fashion.

La Sala makes for the perfect venue to do just this. Here the real party starts at midnight! Promising a true Fright Night experience with impressive decorations and scary performances, La Sala is a favourite venue of Marbella’s socialites so you just never know which A-lister you might be standing next to in fancy dress.

These are just a few of the parties, which are set to spook Marbella on All Hallows. Most of the bars around the marina in Puerto Banús and the port in Marbella also make a special effort on this witchy evening. If you prefer not to plan ahead and take the evening as it comes, a good old fashioned ‘pub crawl’ is sure to make for a fun filled evening.

If you are looking to move to the area on a more permanent basis take a look at our portfolio of available property for sale in Marbella.


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Up and coming areas in Marbella, Atalaya Alta


Atalaya Alta is fast becoming one of the most desirable locations for newcomers to the Costa del Sol. Known for its quality luxury modern apartments, the area is going from strength to strength with new facilities and amenities being added all the time.


Bordering on to the long established locations of El Paraiso, La Alqueria and El Campanario, Atalaya Alta is just west of Guadalmina, so less than ten minutes drive away from popular Puerto Banús and more traditional San Pedro Alcántara. And positioned as it is, near to the main road leading up to Benahavis village, you can be assured of a superb meal out thanks to Atalaya Alta being within easy striking distance of some of the finest restaurants in Andalucía!


Golf is king around Atalaya Alta and you’ll find that a number of the surrounding courses welcome amateurs as well as professionals on to their fairways every day. Atalaya Golf Country Club offers two 18-hole courses (the new course and the old course) to its members and visitors, most of whom strictly favour one over the other.


As well as sport, Atalaya is also home to the new Colegio Bilingüe Atalaya – a school educating children from three to 18 in both Spanish and English on a 16,000m2 campus incorporating superb sports and theatrical facilities.


As you travel down towards the beach from Atalaya Alta (around five minutes drive), it becomes even more evident how established the area of Atalaya has become over the past few years with small family villas dominating the beachside of the main A7 dual carriageway. The beach is well maintained and tranquil but if you’re looking for more of a thrill, why not spend the day at one of the local hotels that offer an all inclusive day rate including entrance to their own private water park, ideal for smaller children.


Those demanding something over and above the average Costa del Sol holiday home should consider one of the brand new developments at Atalaya Alta, where apartments and penthouses with two or three bedrooms are currently being constructed on frontline Atalaya golf with great views of the greens as well as the sea. The apartments are modern in design, with clean, straight lines, large windows and a contemporary interior finish. With sociable community areas boasting four swimming pools, padel and BBQ facilities, this development will definitely be welcoming both residents and holiday home owners through its doors.


For more information on these fantastic opportunities to buy brand new Atalaya Alta apartments and penthouses within a safe, established area, please contact Altavista Properties or visit the website: www.altavistaproperty.com/site/Devdetail/72

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