How to Buy New Build Apartments in Marbella?
We all know that Marbella is one of the best locations to live and buy a property in the world due to its fantastic climate and the quality of life it offers. But as you search for property for sale in Marbella to buy you have an array of properties to choose from ranging from apartments, townhouses and villas. What type of property you buy really depends on your taste and budget. But if you decide to buy an apartment in Marbella you may ask the question how to buy new build apartments in Marbella?
If you have narrowed your selection to buying an apartment in Marbella, then obviously you can either buy a resale or a new build apartment. The path you take again depends on your taste and budget. If you have set your sights on buying a new build apartment in Marbella, there are some important factors that play into this.
The Location of the Apartment
Looking at the general factors when it comes to purchasing a resale vs a new build apartment one must look at the location factor. The Marbella property market and the construction boom dates to at least fifty years ago. You may not be surprised that most if not all most sought-after locations either being Marbella beachfront property or inland have already been taken and constructed. There are very few sought after pieces of land still available for construction.
Essentially due to the lack of available land and in particular land in prime locations to build new properties such as apartments your choice when it comes to buying new build apartments is limited. So, the lack of land and in particular quality land plays a big factor when it comes to searching for new build apartments.
The lack of land and quality land for new properties tends to push the prices of new properties such as apartments situated in sought after locations very high. There are several apartment developments being built currently in some of the most sought-after locations and perhaps some of the last few pieces of land that are extremely expensive. So, if you want to buy a new build apartment in a top location in Marbella you better be ready to spend money since they are not cheap! If you do not have the budget to buy these apartments, then you need to look at new build apartments in less sough after locations which may be less expensive.
The Quality of New Build Apartments is Much Higher
One thing that in general you can be assured of in most cases is that the new build apartments are built extremely well. Many older apartments built in Marbella in earlier years lack the quality of building which is standard today. This means if you buy a resale in some cases to improve the apartment you must spend money on renovation. The money you spend on renovation depends on what the property needs and your taste.
You may find a resale apartment very well priced but when you calculate all the work it requires you might be better of buying a new built apartment.
So, in general there are very few new build apartments situated in prime location and they tend to very expensive But, one thing you can be assured of when it comes to buying a new apartment is that you will not have to spend money on renovation.