Upcoming Marbella Technology Park & Property Market

marbella-businessThe success of the Andalucía Technology Park (Parque Tecnológico de Andalucía) in Malaga has now prompted the regional authority to open new but similar state-of-the-art facilities to promote business activities in and around the coastal resort town Marbella.

However, one of the best parts of the proposed project is that it will act as a catalyst to the real-estate market.

Tourism inflow and the popularity of Marbella as a second home to many foreigners, allured by its unique climate, have already made it one of the priciest places in Europe. And the establishment of an industrial or technological park will further alleviate the property market with rising demand of real-estate infrastructure in and around Marbella.

Presently, as per the planned outline, the park will cover some 197 hectares of land in the Guadaiza area of San Pedro Alcántara. As these types of park are usually formed with assistance from local authorities, the Junta de Andalucía will no doubt make additional effort in bringing urbanisation and development to the surrounding areas.

R&D and activities in the proposed park are linked to various other sectors for societal development programmes in a way towards innovative and sustainable development. Simply, the expansion of improved communication facilities will attract investment to the entire Costa del Sol region.

Many Britons in the last few years have moved to Spain for business purposes and are now quite successful in their respective endeavours. In a time when the property prices are skyrocketing compared to last five years, only those people will prefer to buy property in Spain who wants to settle here permanently. In a sense, they want to invest in the local market by making a significant impact to the Andalucía society.

The Junta de Andalucía’s effort in setting up a new technology park also aims to attract those people who want to invest in the overall growth of the region. Technology Parks equip a large group of entrepreneurs to work on their ideas of development and business expansion. And the extension of healthcare, telecommunication, and public transport along with a host of business activities together increases the value of the property of any region.

Today, the value of Costa del Sol property is not the same as in the year 2002 and again will not be the same after a couple of years. The market here has shown the signs of recovery after the economic meltdown, suggesting this as the right time for investment in Spanish property. Seriously, Costa del Sol will no longer be a holiday home rather a business-cum-recreation centre.

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