Luxury Apartments In Coastal Areas: Why The Popularity
Our blue planet offers much and as the global population grows, the land area is finite; cities build up, then they build out, expanding with residential and business properties, as more people look for work. Coastal real estate has always been popular with the upper class; a family would have a holiday home near the beach and thanks to cheap air travel, more and more people are looking to invest in beachside real estate.
Coastal luxury apartments are becoming more and more popular as people are looking for a relaxing place to live with beautiful views. With many different amenities, these complexes provide everything you could want while living by the water. Whether you’re looking for a permanent home or just a temporary escape from the city, read on to learn about why coastal luxury apartments are so in demand.
Supply & Demand
Of course, the coastlines are finite and over the years, the price of coastal land has risen steadily, fuelled by a growing demand for holiday homes in the sun. Take the southern region of Spain as an example. There are trusted real estate agents in Marbella area with luxury properties at very affordable prices. If you invest now, a few years down the road, you’ll be very glad that you had the foresight to invest in coastal real estate.
Holiday Homes In The Sun
People never stop complaining about the weather and if you’ve never lived in areas such as the UK, you wouldn’t understand this. When a couple have almost paid off their mortgage, they have the disposable income to afford a second property, and where better than a beach in the sun? Like inland real estate, location is everything and if you move further down the coast, land becomes cheaper; southern Spain is a great location to buy a luxury apartment.
Global Wealth
The world is becoming wealthier, of that there is no doubt, and this means people have the finances to acquire additional real estate, which has an impact on the value of coastal land and property. Some regions are more expensive than others; climate is a big component of coastal real estate and for Europeans, locations within Greece, Portugal, Spain and Italy are very popular.
Property Developers
Once a region is targeted for residential development, prices start to rise and when there are all the amenities that you need, this makes real estate more attractive. After the development reaches a certain level, real estate developers look a little further down the coast, where land is much cheaper, and so the development continues. Fortunately, there are still coastal areas where luxury living is still affordable, the Marbella area being a good example. When you visit the area, you will find plenty of new build apartments Costa del Sol is known for.
Early Retirement
This is another reason for the high demand for coastal property; people are retiring at 50-55, rather than waiting until they are 65. Some would say that 3 things in life are certain – birth, death and taxes. Wouldn’t it be comforting to spend the rest of your life at a wonderful property? If you buy coastal land now, expect the value to increase; it is just a question of how much!
Young Professionals
Land prices in the UK are astronomical and the experts are saying this will continue. Young people in the UK simply can’t afford to buy their home and as many people work online, they are able to live in another country. You probably know a few people who have bought property abroad for this very reason and investing now is the best way to generate wealth.
