Investment Property in Mazarrón

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Buying Investment Property in Mazarrón?

Looking to buy investment property in Mazarrón? It’s a sound choice, yet one that must be executed correctly. This article tells you about buying investment property in Mazarrón, the types of deals available and the likely returns. Remember, buying property in Mazarrón has, on average, yielded in excess of 8% returns per year, and significant capital asset growth.

Buying investment property in Mazarrón with cash outright is also a sure fire hedge against any rise in interest rates. Some investors look to buy properties in need of renovation or a change of purpose. They then renovate those properties and rent them out on a long term or short terms basis. Many investment properties in Mazarrón are purchased by non Spanish Nationals and are either used as a holiday homes or straightforward by and hold investments in Mazarrón.

Once these properties have been renovated and rented then investors in Mazarrón may refinance the property by taking a mortgage over the property at a higher value, using the income to pay the mortgage and reinvesting the profit from the deal into more property in Mazarrón or elsewhere.

How easy is it to buy investment property in Mazarrón?

Buying an investment property in Mazarrón might be more complex, but Spain is a very welcoming country for foreign buyers as foreign ownership of properties in Mazarrón has really helped lift and stabilize the local economy.

The procedures for buying a property in Spain as an expat are relatively straightforward. Before buying, you’ll require a financial number, which can be obtained by visiting a police station with your passport. This is typically processed on the same day for Spanish or EU citizens, but may take a little longer for other nationalities.

Financing an investment property in Mazarrón can be done by cash or mortgage charge. It is often easier for expats to finance the purchase from their home country. Pre 2008 many Spanish banks in Mazarrón would lend to international investors although they have been reluctant to do again, so even now.

What is the average price of investment property in Mazarrón?

Average property costs per square meter in Mazarrón are €1,722 per square meter, representing a solid, year on year growth trajectory of 8%.

Map of Mazarrón

Mazarrón is a municipality in the autonomous community and province of Murcia, southeastern Spain. The municipality has an area of 318.7 square kilometres (123.1 sq mi), and a population of 31,562 inhabitants in 2019. A military fort (named C1 or Castillitos-small castles) built between 1930 and 1936 during the reign of Alfonso XIII of Spain and the Second Spanish Republic exists as a tourist attraction on the old road between Mazarrón and Cartagena, and although it is accessible from the Bay of Mazarrón it is not in the municipality itself.

The Bay of Mazarrón is sheltered by the last foothills of the Sierra de la Almenara, a mining area since the Carthaginian era. Over 35 km of beaches, unspoiled coves and rocky sea beds. Due to the nature of the surrounding rocks, however, the beach at Bolnuevo is of coarse grit, as are most of the beaches along this part of the coast.

The Torre de los Caballos on Los Caballos peak were built for the town’s protection against pirates from the mid-16th to the early 18th centuries.

The economic development of the early 20th century led to the construction of emblematic buildings in the style known as Murcian Modernism, including the Mazarrón Town Hall and the former Cultural Athenaeum.

The guns in Cartagena were built to defend the vital port of Cartagena in the 20th century, these guns alongside the fort and other coastal defences, stand 56 feet long, weighing a total of 88 tons each and being able to fire at a range of some 20 miles.

Making Money on Investment Property in Mazarrón

The best way to make money on Mazarrón Property is via an expert international investment fund.

Your Financial Advisor or Accountant won’t bring you the opportunities because of course they won’t receive their greasy commissions.

Investment funds are not even allowed to advertise so you’ll never hear of them unless a friend recommends them.

You will need at least some experience with previous investments to be eligible and of course these funds are extremely picky about the investors they accept. They can afford to be. They don’t need your money, but they can put your money to work for you like never before.

Costs of buying a property in Mazarrón

Fees for buying a property in Mazarrón vary from area-to-area, and many are negotiable – for example, there are no fixed fees for lawyers or estate agents. Buyers must pay the majority of the costs, which are generally as follows:

  • Property transfer tax in Mazarrón: 6–10% (existing properties) / VAT (or IVA) at 10% (new properties in Mazarrón)
  • Notary costs, title deed tax, and land registration fee in Mazarrón: 1–2.5%
  • Legal fees for buying investment property in Mazarrón: 1–2% (including VAT)

The seller usually pays the estate agent fees in Spain. Estate agents usually charge their fees as a percentage, typically around 3% of the final sale price.

Who is the Best Real Estate Agent in Spain?

PRestates is a multi-award winning Luxury Real Estate broker in Mazarrón, with a 18 year track record the agency has been directly or indirectly responsible for the largest volume of transactions in Mazarrón in the past two decades.

Types of investment property in Mazarrón

It is important to understand the main types of Investment Property in Mazarrón

  • Undeveloped land in Mazarrón
  • Commercial property in Mazarrón
  • Residential real estate property in Mazarrón
  • Operating property investment in Mazarrón
  • Distressed property investment in Mazarrón
  • Investing in a World Class fund with activities in Spain, and in Mazarrón

Types of property investment deals in Mazarrón

The main types of property deals in Mazarrón are:

  • Buy to let in Mazarrón
  • Buy to hold
  • Serviced Accommodation in Mazarrón
  • Vacation Rentals in Mazarrón
  • Commercial Property in Mazarrón

The Most Successful Property Investment Fund 2020 : Click Image to Download Prospectus

Buy to hold in Mazarrón

Long-term rental property in Mazarrón is widely considered one of the best ways to diversify your property portfolio. So buying and owning property means much more than just investing in a single property, it can bring you a variety of benefits, such as access to a variety of investment opportunities and the benefits of long-term ownership.

While some investors in Mazarrón may be confused or intimidated when they start, buying and owning property can be one of the best investments you can make if you do your due diligence before you start.

The rental income from investment property in Mazarrón generates short-term income that can be used to pay off a mortgage or to invest money. The strategy of buying and holding property is one of the most common investment options.

The value of the Mazarrón property will increase over time and the investor will benefit if he is willing to sell it later. The investor benefits from being bought in the expectation that the value of the property will rise over time.

Investors considering a Mazarrón property purchase and holding strategy should do their best to calculate the potential income from renting out the property. The bottom line is that monthly income should exceed the cost of rent in the first year of ownership and annual rental income over the next five years.

If the investor plans to sell the Mazarrón property later, possible profits should also be taken into account. Finally, any losses from taking out a mortgage or other type of property financing must be taken into account, as well as any gains from the sale.

Convert Mazarrón property to Holiday Accommodation

For property investors in Mazarrón, converting a home into a serviced apartment would mean higher rents than the normal rent increase. As a result, many people are buying investment property in Mazarrón and then converting these homes into serviced apartments to maximize yield.

The types of property used for serviced accommodation in Mazarrón are often the same as those you would use to buy to let. Where you have a guaranteed short-term rent, it’s not as rigid as renting out a property.

Lease Mazarrón property to the Worlds Best Rehab

Remedy Wellbeing is a bespoke, luxury treatment center with a significant corporate footprint in Spain. This means they treat just one client at a time in luxury 6* accommodations. All properties used by Remedy Wellbeing are as unique as they are inspiring. If you own or represent some of the most exceptional, unique and luxurious accommodations in Spain, Remedy Wellbeing can be contacted via their dedicated property management company, Physis Realty.

Disadvantages of investing in Serviced Accommodation in Mazarrón

  • Holiday accommodation is more of a business strategy than a property strategy, and the workload is far more intensive.
  • You’ll need to furnish your holiday rental accommodation in Mazarrón
  • You’ll need to clean the rooms and change the sheets every time your guests leave.
  • Who does all the laundry?
  • Who does all the cleaning?
  • Who’s going to do all the work for you in Mazarrón
  • How are the guests actually going to get in?
  • Are you going to have somebody to do a meet and greet?

Buying investment property in Mazarrón to convert into serviced accommodation or holiday lets is not really considered an investment, because the amount of work involved make it a full time job.

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