A closed and quiet complex with total security located in the Golden Mile, one of the most exclusive areas of Marbella.
The project has eight luxury apartments, each one has an own pool, gardens and terraces to quietly enjoy the unique and excellent climate that Marbella offers. Spacious terraces and porches are another distinguishing feature of these exceptional apartments, and all units have two or three large parking spaces, respectively and a large storage room..
Our reference for this 3 bedroom Apartment for sale in Marbella: A742 / R3300088
Marbella is the most well known city on Costa del Sol since the 70's and continue to be a magnet for tourism, investment and expats. The municipality of Marbella covers a very large area, with many smaller cities within, such as Nueva Andalucia, San Pedro, La Quinta, Nagueles and many more. If you are considering to buy a villa or buy an apartment in Marbella, you are spoilt for choice. Over the last 40 years there has been a constant flow of new construction of all kind of villas, townhouses and apartments, in all price ranges. In the city centre the majority of the population is of Spanish origin, and most apartments are of typical Spanish standard. A small area with villas is also in the outskirts of the centre.
Prices are average for the area, except for the apartments for sale at the beachfront which are slightly above average. Moving from the center of Marbella towards The Golden Mile, prices are increasing and in many cases so is the qualities of the construction. Marbella has a lot to offer, culturally, gastronomically and nightlife! Every year Marbella host a great music festival Starlite at the foothill of the mountains behind the city next to the exclusive Sierra Blanca neighbourhood. In the centre it is also possibly to visit the fantastic charming old part of Marbella. The atmosphere here can make you forget you are in one of most popular European vacation destinations. Administrative issues, cancellation of building permits and where a reason for very few building permits being granted in Marbella. Because of this, there is very little new construction in the area.
Property Buying Tips
So you’ve decided to buy! Congrats, that’s great!
Here are some great tips to get you on your way to ownership.
1. Determine Your Budget & Save
Take into account the average down-payment is 10%. 10% is not required, but the loan amount and approval will fluctuate depending on the percentage you put down. Determine how much you can pay for your monthly mortgage. Outline your expenses and be honest with yourself about what you can reasonably afford. Also, ask yourself what happens if you lose your job? Or if you’re part of a couple, what happens if your spouse loses their job?
2. Secure a Loan
Once you’ve got your budget in order, it’s time to go shopping for a loan. Visit multiple lenders to weigh your options and find the best deal. Each bank will determine if you are eligible and at what interest rate you will be charged. based on your financial situation. Make sure to ask questions such as what the breakdown of the monthly payments will be once you have made your down payment, how the loan term will affect your monthly payments, whether or not the interest rate is fixed or variable, if home insurance or any other services are included within the home purchase amount.
3. Be Prepared
Have a current Pre-qualification letter and good faith deposit funds available. Technology makes it easier than ever for your real estate agent to draft and transmit a purchase offer back and forth for your signatures. But, this is only one piece of the puzzle. You also need a current pre-qualification letter, and ready access to your good faith deposit. This can be obtained from the bank and confirms their willingness to give you a loan. Most sellers won’t accept a letter that’s more than three months old. If your home search lasts for more than three months, you’ll need an updated pre-qualification letter. When you submit your offer, it must include a check for the good faith deposit. Generally, good faith is at least 3% of the purchase price. This check will be deposited into an escrow account within three days of an accepted offer.
4. Stay Informed
Always make sure to do your homework and learn the history on a property you are interested in. Does the neighborhood have a high crime rate or a new highway/major road being constructed nearby that could be affecting the price? Is the heating, plumbing, roofing and window work in good condition? Those hidden problems can lead to major expenses in the future - post purchase. Ask your realtor for a property condition report and and see if the home comes pre-inspected. If not, we highly recommended to get and inspection before the purchase is complete. Being “in-the-know” and taking the extra steps can save you money and headaches in the long run.