Location
OMNI Real Estate Group is operating within an open market on the coast of Costa del Sol. This means that it is part of a sharing network where all the agencies share their listings between them. For this reason, OMNI has access to every single listing in the region, including all-new developments. Combining this information with their experience and valuable contacts ensures that OMNI knows the ins and outs of the market and can use this knowledge to ensure the best returns for the project and investors.
The real estate market in Costa del Sol:
Panorama is one of the oldest and biggest real estate companies on the Costa del Sol. Below is a report from them for 2021:
"There has been unexpected, even exceptional, sales activity in the past year since June 21st, 2020 when the lockdown was lifted in Spain. In 2021, the luxury end of the market (that is to say, properties priced over €1 million) has accelerated month-on-month to a level of activity we have never witnessed before in our history. The top end of the market, instead of suffering as most had anticipated, has prospered beyond anyone’s expectations.
This increased demand has grown to an almost frenetic level, and is a direct result of the coronavirus pandemic, as our own statistics confirm along with those of most other real estate agencies specializing in the higher end of the market. That this has happened in spite of the restrictions of mobility between European countries and even between municipalities in Spain, leads us to believe that this wave of purchasing is just beginning, and is an outstanding, positive sign of the market to come in the next months as travel restrictions continue to relax."
Below is the comparison between the first six months of 2021 and the first six months of 2019 (prior to covid):
"Potential buyer enquiries increased by 154.4%
The number of sales (completed and in the process of completion) in the same period has increased by 68%.
The average sales prices of properties sold by our agency have increased by 107.5% with sales prices ranging from €400,000 right up to €10 million. "
Source: https://www.panoramamarbella.com/blog/marbella-property-market-report-2021/n5748
Combining this report with the experience OMNI has in the market, we can conclude that now is a great time to expand the OMNI business in Costa del Sol especially when combined with the outlook of the crypto industry which is also experiencing exponential growth.
The expectations of the cryptocurrency real estate industry are also high. As the report below shows it is expected to reach a $1.4 trillion market within the next 5 years.
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