About the Marbella mortgage market
Despite Spain facing financial difficulties in recent years, Marbella property is not losing its value and with rates currently as low as 1%+EURIBOR, there has never been a better time to secure a mortgage on a property in Spain.
Whether you are looking to secure a residential or investment purchase, refinance, release equity, develop a property or if you need emergency bridging finance, we will work endlessly to find the best solution based on your circumstances.
As with other regions, there is a huge contrast between what the local and regional banks will offer (a generally unsophisticated and prescribed model for modest amounts) to what the international and private banks can offer (multinational and considered based on your world wide position and for the bigger loan amounts).
Key mortgage market highlights
- Can finance up to 70% of value of the property without the need for assets under management (AUM)
- Interest only is available in defined circumstances
- Rates as low as EURIBOR + 1%, and can be fixed sub-2%
- Equity release available, but with at least 50% AUM.
- Purchase, Development and straight refinance available.
The lending assessment is very income focused, where you reside and where you pay taxes are also key considerations. We are able to help with all nationalities and levels of complexity.
We are expecting the lending market to evolve considerably over the next year or so – we will be working hard to push boundaries and stretch limits as far as possible until then.
ABOUT THE Marbella PROPERTY MARKET
Modest value increases have been reported in prime Spain, despite the country facing financial difficulties in recent years. Spain’s economy is growing again, costs are low, and the property market shows strong opportunities for rental returns and capital appreciation – all of which suggest Spanish property offers investment opportunity and high sales volumes.
Like the Balearic Islands, Marbella offers a relaxed lifestyle punctuated by super yachts and good food. Whether buying property as a holiday home or investment Marbella offers a welcome escape from busy schedules. Malaga’s international airport is only half an hour away, connecting Marbella with the world, hence travelling there for a break from business is easy.