Real Estate Experts bet on the luxury sector

Knowing that we are not running through great times in the real estate market is not news; however, the storm rages with different force the different sectors.

To the price drops recorded on new properties or in the rental market, we add the poor outlook that will slow down the market in the coming years.  Amidst this scenario, the luxury sector becomes an oasis in the midst of a vast desert.

The peculiarity of this particular market, make it resistant against the swings in the economy. This situation has brought a revival of the luxury sector, according to the experts, because in this particular segment, the players don’t use the same rules used on other sectors and unlike in other markets, here liquidity prevails.

According to the real estate experts from the company Cat, "investors are focusing primarily on renting commercial premises to leading companies that offer adequate bank guarantees in the collection."

This situation has also fuelled the most exclusive real estate market, which focuses on the Costa del Sol, Madrid and Barcelona. These properties are characterized by having a minimum price of at least one million euros, although in areas such as the Barrio de Salamanca, in Madrid, prices start from the million and half euros.

The advisors believe that betting on the luxury real estate market is a good alternative because it is "a market that continues to be stable and will not suffer many more corrections in the price." Thus encouraging "to invest in luxury homes in so-called 'prime areas' as it is shown that this is where the value has fallen less."

You can view an excellent selection of the best properties on the Costa de Sol on the Exceptional Residences section of our website and contact us for more information.

Source: ElConfidencial.com

• By Surestates
• Marbella and Costa del Sol Property News.
• 1 Jan 1970