Inaugurated exactly 42 years ago this month Puerto Banús remains the most sought-after marina location on the Costa del Sol, and it is Puerto Banús property for sale that boasts the highest price tag.
Located in the district of Marbella, Puerto Banús is the hub of the Costa del Sol, attracting up to 5 million visitors each year and achieving continued property sales.
It is no secret that Spanish house prices have been falling in the past few years and a report from TINSA indicates an average 12.5% decline in April 2012 and 14.3% along the ‘Mediterranean Coast’ a continual but slow decrease from the 2007 market peak.However it is interesting to note that Puerto Banús exists very much in a micro-region all of its own and cannot be generalised by the Mediterranean Coast or Spain statistics. Currently, Puerto Banús property for sale is 121.7% more expensive than other areas within the Málaga province and a staggering 188.7% more expensive than the national average of Spain.
So what has the Puerto Banús property for sale got that makes it so investable and warrant a price tag higher than its neighbours? Well, Puerto Banús property for sale offers the best of high class recreation imaginable: A 900 berth marina with multi-million Euro yachts, water-sports, a kilometre of golden sandy beach, the most exclusive designer shops, nine golf courses within a 10 km radius and the newly completed 17 km beach promenade (connecting Puerto Banús to San Pedro de Alcántara and Marbella). These are all contributing factors that lead to its title as the ‘playground for the rich and famous’ and, as a result, allow it to remain the most sought-after marina destination for both holidaymakers and residents alike.
The luxury began from its very inception when it was opened in May 1970, by none other than Prince Rainier of Monaco and his wife, Grace Kelly. The developer José Banús’ vision was to create a luxury marina and shopping complex for the Costa del Sol. 42 years on, Puerto Banús continues to grow offering the beauty of a Spanish pueblo coupled with the bounce of a thriving Andalucían city. It has also been declared a Centre of International Tourist Interest and awarded the Gold Medal for Merit in Tourism which, of course, fuels the exclusivity of the available Puerto Banús property for sale and rental. This level of luxury comes at a price above that of its competitors, although it has earned Puerto Banus property for sale good ROIs throughout the area’s development into the chic centre of the Costa del Sol. Much of Banús’ appeal also stems from its accessibility for residential or business purposes. With Málaga Airport just 40 minutes’ drive away, it is suitable for short visits or a second home, as much as it suits for a permanent base. And given that Málaga Airport is mainland Spain’s third largest airport (after commerce based cities, Madrid & Barcelona) and was visited in 2011 by 12.8 million passengers, an increase of 6.3% from 2010 (Aena).Puerto Banús is therefore also an ideal location if you are considering a buy-to rent property investment in Spain, with regards increasing potential to target the tourist industry.
Spanish Hot Properties and its Luxury property company Sundream Estate offers an exclusive selection of property for sale in Puerto Banus, please contact us for further information.
This article was written by Jenny Seed freelance PR Journallist to Spanish Hot Properties and Sundream Estate