Marbella is anticipating a sudden and significant rise in property investment, particularly in a middle price range properties, following the recent announcement by the Andalusian Parliament regarding inheritance tax reduction. The revised inheritance tax reduction, with a limit of one million euros, has come into effect from 1st January 2018 and for sure it will immediately release nearly all beneficiaries. The previous threshold set at 250,000 Euros has affected many property owners on the Costa del Sol, so for many years many of them have safeguarded their investment by purchasing property in other regions where the inheritance tax in Spain as a whole, has been far more reasonable.
Inheritance tax in Andalucia from 2018 and Marbella real estate market
With the main risk to property investment has been removed on 1st January 2018, Marbella real estate market expects even a bigger increase in demand of the mid-price range villas, penthouses and apartments. Boasting one of the biggest portfolios of properties under 1.000.000 euros in Marbella, Engel & Völkers Marbella can offer you its best selection of the most desired ones. Beautiful family villas or apartments, penthouses or townhouses with sea views or just minutes away from the most beautiful beaches can be offered as second home or an investment opportunity.
One of Engel & Völkers Marbella new project, La Meridiana Suites, a spectacular contemporary off-plan development of designer penthouses and apartments under the mentioned price range is presented currently on the market. Situated on the Golden Mile, just 5 minutes walk to the legendary Puente Romano Hotel and the famous beaches of Marbella, La Meridiana Suites offers all ultimate luxury facilities for the 21st century five star deluxe living including 9.000 sq m park with a 1 km running track and paddle tennis courts, a state-of-the-art Spa with Hammam, a professional gym, sauna and indoor pool, out door pools in the landscape gardens, full property management and exclusive 24 hours concierge service and the ultimate security.
Find out more about La Meridiana Suites here