Manilva Information -
INVEST IN MANILVA |
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Manilva Village is like a storybook
come to life. Just opposite Sabinillas on the mountainside, Manilva
is a sleepy whitewashed village, which is home to the Manilva Town
Hall. Manilva is also known for its local bakeries, which offer a
fantastic selection of breads, catering for all kinds of diets. The
blend of old and new makes Manilva exceptionally attractive. This
is enhanced by its geographic location and accessibility to nearby
airports. Manilva is also close to some of the most famous golf courses,
including Valderrama, which is a mere ten minutes away. Manilva is
developing to keep in step with a growing community. It recently started
its own industrial site outside of the town to enable new businesses
to set up and to have their own warehouses.
The commercial premises within the centre of Sabinillas are being
snapped up, and each day a different person walks into our offices
looking to start up a new business. This is causing a multiplier effect,
creating more jobs for locals and expatriates and, in turn, alerting
large developers to enter this zone and create accommodation to meet
this demand. Whilst there is a great deal of construction going on,
the authorities have ensured that there are no high rise blocks right
on the beach front, like those notorious in Benalmadena and Torremolinos.
Furthermore, the Town Hall has revised and raised the standards that
promoters need to achieve prior to obtaining licenses of first occupation.
There is still great investment potential in the Manilva region, and
the way that one can reap that potential depends very much on what
an individual is looking for.
Generally speaking, if looking for an income return, then investors
tend to choose to purchase a basic apartment or townhouse, which they
can then rent oUt. The choice of property depends on several factors
- the rent that they are looking to receive, the kind of tenant that
they are wishing to attract and whether they are looking to have a
long- or short-term rental. Ouquesa tends to attract those wishing
to reap profit from short-term holiday rentals, Sabinillas attracts
long-term tenants - those looking to live in the area, wanting to
be close to local amenities, their place of work, and entertainment.
Many investors aim to build up capital and use their income to help
build up a lump sum for the future a bit like paying into an investment
plan. These investors tend to select off-plan investments that enable
them to buy that property at the very start. Many developers offer
competitive payment terms, reducing the burden on the buyer. It is
important to look at and compare different off-plan opportunities.
There are many developments that are trying to ride on the increasing
prices withoUt producing the corresponding quality specifications.
Therefore, when buying off-plan, amongst other things, one should
look at square meterage, quality specifications, general features
and whether or not the developer has a bank guarantee. Whilst prices
are lInlikely to continue rising at such a high rate, it should be
noted that the demand that we are getting is not just from speculative
investors bUt also from those wishing to move over permanently, and
the latter are on the increase. The secret is to buy carefully so
that even if average prices were to level off or fall, your property
would still maintain its value. Many sellers just price their homes
highly to test the market - sometimes their expectations are unrealistic.
There are bargains out there - so keep your eyes open. I feel that
one can always go around thinking about tomorrow - tomorrow may never
come. Enjoy today and, even if for investment, buy something that
you like for yourselves - it is always easier to sell something that
you like. |
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