Beachfront property along Las Canteras beach is in its own price bracket and often hard to value accurately.
This is due to several factors.
- Las Canteras property doesn’t come onto the market that often because beachfront owners tend to hold on to their apartments for a long time.
- Many are owned by non-residents who earn a rental income as well as using them for holidays.
- They have significant intangible valuation factors such as the desirability of the outdoor space.
However, since I’ve had four beachfront apartments for sale this year I have a clear idea of what their market value is in 2019. [Read more…]