Mijas Marina, Mijas
- Properties From $335,000
- Tenure: Freehold
- Estimated Rental Return: 9%
- Completion: Q1 2025
- The town of Mijas in the Costa del Sol is considered one of the most beautiful villages in Andalucia. The village is nestled in the mountains, with all the charm of a historical Andalucian town.
- Marbella has seen prices sky rocket in the last 10 years, with many buyers moving a little further afield to find value. This means that there is still plenty of room for growth in the market, making Mijas a smart choice for investors.
- The Costa del Sol has a booming touristic market. Up to half of all property sales in Costa del Sol are foreign investments.
The Resort
Mijas Marina is a spectacular development comprised of 2, 3, and 4 bedroom homes, with sea views in a large number of them. The development has excellent garden areas, a communal swimming pool, a gymnasium, and a social-gourmet room.
The ground floor apartments have a garden and the penthouses have large terraces. All homes have at least one parking space and storage room. The development is located in La Cala de Mijas, a 10 minute drive from Fuengirola, and only a 2 minute walk from the Playamarina beach.
– Sea views in most homes
– Two mins walk to beach
– Private gardens and terraces
Why Spain?
- 87 million visitors
- 300 days of sunshine
- Low cost of living
Spain is considered one of the most attractive countries for real estate investments in Europe. In Spain, the demand for rental properties has increased by more than 10% year on year. An expanding market offers many advantages, such as a large number of potential customers, as well as less intense competition. According to a report published by the Central Bank of Spain in 2022, properties can expect a return of + 11.2%. The good news for international real estate cash-buyers: it should be easier to find properties as interest rates are rising. In 2019 (prior to Covid), Spain was the second most visited country in the world with 83.7 million visitors. Some of the worlds biggest REITs have turned their attention to developing luxury homes on the Costa del Sol due to the high ROI.
Est. Return
- Occupancy Rates: 53%*
- Est Revenue: $28,500*
- *Based on AirBnB data
Location
Mijas Marina is located in Mijas town between La Cala de Mijas and Fuengirola. It is only a 2-minute walk from the Playamarina beach. The development provides numerous leisure and service opportunities, including several golf courses, such as the“Chaparral Golf Club,” which is less than 1.5 miles away, shopping centers, supermarkets, restaurants, a health center, and several pharmacies. La Cala de Mijas is located in a unique environment and very well connected. It connects with the Costa del Sol A-7 Motorway and is very close to the entrances to the AP-7 toll motorway. In addition, it is located less than 25 minutes from Málaga International Airport and 40 minutes from the Maria Zambrano Renfe train station. Close at hand are important tourist enclaves such as Puerto Banús, the historic centre of Marbella and Fuengirola.
Contact us
Thank you for your interest in Gateway Investors. Contact us and we will get back to you as soon as possible.
