Investing in the real estate market has always been considered a wise investment. Acquiring a property in most places is considered one of the safest investments in terms of turning a profit and achieving economic security, provided that the investment is made correctly and with enough research. The value of investing in “the brick” as they say in Spain “brick and mortar” in English, throughout history has proven to be a good investment. During the economic crisis between 2008 and 2012 the value of brick and mortar suffered a drop, due to prices not allowing margin for profit. As mentioned in an interview with the founders of Marbella Unique Properties, this crisis brings market change; purchases are studied more in depth generating realistic market prices, unaffected by a boom. Crisis brings new opportunities, introducing new modified ways for buyers to approach the task when acquiring a property. Access to the information provided by the internet has generated new buyers and given them a series of different habits and processes. The collection of information, the use or not of real estate agents or how to invest your money has taken a very specific course.
The process of buying houses begins by collecting information; either directly from the market source and or from professionals who offer real estate advice. Real estate portals are one of the first reference places to look when beginning searching for property since they offer a large percentage of the properties the market has to offer, which allows the buyer to compare prices and qualities of similar homes. For example, when looking on the internet for ‘apartment for sale in Marbella, Golden Mile‘ buyers can begin to get an idea of what properties are available and their prices. But the price and data are not enough to make a decision on purchasing a specific property, how you interpret the information collected is very important, therefore as soon as buyers have decided upon what type of property they would like and its location they tend to contract the services of a reputable real estate agent. Local real estate agencies are typically chosen for both their experience and their reputation. Clients’ personal opinion and confidence with the agent is a large factor when taking such an important decision and buying property, Marbella Unique Properties make sure our clients are as happy with our services as with the property they are purchasing. Buyers give priority to the knowledge of the local agent much more than the volume of sales that he may have made. At the end of the day, investing in a sound product with help from the local agents’ knowledge is the most important factor. The buyer looks for real estate agents to provide guided tours (whether virtual or in person), being informed of new properties that come on the market, notification of price changes, financial advice and quick answers (preferably receiving answers within a few hours or the next day). Honesty and integrity are some of the most valued factors with regard to good communication with the agent, followed by knowledge of the options available during the search and purchase of a property.
In addition to good communication with your agent in Marbella and how to read the market, the real estate market has also changed and adapted with new investment opportunities. Combining new generations of investors and the access that the internet has brought, has led to ideas such as Crowdfunding. A new way of group investment based on a platform that allows participating with small or large amounts, aiming to achieve rental profit on the properties first, and then increased value from the sale, creating a portfolio of properties, giving the buyer the opportunity to invest partial saving without having to purchase a whole property at one time and taking longer to make a profit on their investment. To give an idea, if you are looking to invest money in the real estate market, you can do it proportionally for example with an apartment in Puerto Banus or along Marbellas Golden Mile that needs renovating. The price of the whole project will be agreed from the beginning, Crowdfunding would be responsible for performing feasibility studies of the property and project, then present the information to the partners in the group. Aiming to democratize the investment (to be able to enter with any investment amount) and to simplify the whole bureaucratic process.
Day to day work has changed for a real estate agent by incorporating new methods and tools aided by advances in technology, which has also changed the way a buyer purchases a property and approaches the task as a whole. The new generation of buyers are the savviest with full information with regard to data and prices to hand, however they are still very aware of the necessity of using a professional and their benefits. With all in mind, do not hesitate to contact Marbella Unique Properties if you are interested in purchasing a property, and let us help you sort through the large volume of information to help find that one specific property for you!