The rental evolution in Marbella Market
Marbella’s luxury rental market has evolved in recent years and has become increasingly sophisticated. Demand for high-quality rental properties increased significantly, not only increasing offers to tenants in the luxury segment, but also improving service and quality standards. Today we have a little talk with Luís Ponce, CEO founder and owner or Marbella Mountain Resort (MMR), Luís will share with us his thoughts about the property rental in Marbella.
As a real estate developer, CEO and owner of Marbella Mountain Resort I have seen the evolution of Marbella’s property rental. Here in this blog, I want to share my own observations where you’ll find almost all points of view: from a renter’s and owner’s perspective, as well I’ll give you all some advice for owners on why the industry is booming and how to maximize revenue in the current situation.
The Changing Marbella Luxury Rental Market
The rental market for luxury villas and apartments in Marbella is currently at its peak. This has led to very high rental prices, occupancy rates and associated revenues, as well as the fact that demand is rarely strong. Marbella is a luxury destination, but for most of its modern history its rental market has been overshadowed by property development and sales. Focusing on the latter, realtors tended to downplay the rental segment.