Property prices in Spain are booming again; rental yields have increased to 6.1% in the second quarter, five times the return on a 10-year government bond, and Spain is enjoying sustained economic growth. Private equity firms and hedge funds are taking advantage of the growth in the domestic market and specifically the upturn in the foreign market in Spain. Home sales were up 23.6% in May 2016 compared to last year. Spain’s world class cuisine, sandy coastlines and cutting edge infrastructure have not only boosted tourism to historical highs, with 70 million tourists visiting in 2015, but are also attracting second home buyers back to Spain.
Benahavis is one of the most desired locations for second home buyers in Europe. Its gentle slopes and mountain ranges are home to some of the world’s most exclusive developments such as the renowned La Zagaleta country club and estate. It is home to Hollywood stars and Fortune 500 CEOs. Golf Courses pepper the Benahavis Valley such as El Paraiso golf course or the Flamingos golf club that line its valley. Its world class international schools, equestrian facilities, health care clinics, fresh water springs and gated communities have been attracting families for decades. Its charming old town is a is a favourite for foodies and boasts “venta” hill top restaurants that serve Spanish home cooking. Luxury hotels like the 6 * Villa Padierna Palace hotel, where Michelle Obama holidays, add to the discreet sophistication of this exclusive paradise.
Properties for sale in Spain
Maskells has listed a contemporary hill top villa overlooking the Benahavis golf valley with views over Flamingos and Alqueria golf course and the Mediterranean Sea. Furnished with Siemens & Gagganau appliances this villa boasts 5 bedrooms with en suite bathrooms, surround sound system bodega and Turkish bath. This fully equipped villa is an ideal all year round home or holiday home.
On sale at: €2.9m
Article by John Graham, Maskells’ Spain Consultant