#7: INSIDER INSIGHTS WITH DOMINIC PACKWOOD. NAVIGATING HIGHS AND LOWS IN MARBELLA REAL ESTATE

In this episode, we have the pleasure of interviewing Dominic Packwood, a seasoned real estate expert from Available Now Real Estate Agency in Costa del Sol. With over 25 years of experience, Dominic shares his insights into the Marbella property market.

We start by asking Dominic about his long-standing relationship with Marbella and his beginnings in real estate. Dominic reveals his favorite area for property selling in Costa del Sol and explains why.

Known for working mainly solo or with a single agent, Dominic elaborates on why he chose this path over expanding his team. He shares his perspective on what makes an effective real estate agent.

He also delves into his strategies for maintaining a robust portfolio of listings and pricing properties aptly in a dynamic market and addresses the general perception of real estate agents.

Reflecting on their history, Dominic explains why he saw potential in Camilla15 years ago and chose to mentor her.

We discuss the pre-crash market conditions, the impact of the crash, and the recovery process.Comparing past and present market conditions, Dominic highlights key lessons from the last property crash that remain relevant today.

We explore how the real estate market in Costa del Sol has changed in terms of demographics, property types, and pricing trends.The discussion shifts to how the Covid pandemic changed the Marbella property market and buyer behavior, potentially creating a new type of buyer.We delve into other factors, such as global economic trends and local policy changes, that have recently influenced Costa del Sol real estate.

 

Dominic reflects on the most fulfilling aspects of his 25-year career in Costa del Sol real estate, offering a unique perspective on the industry's evolution and his personal growth within it.

This episode is a source of knowledge for anyone interested in the Marbella real estate market, whether they are seasoned professionals, aspiring agents, or potential investors. Dominic's experience and insights provide a rare glimpse into the complexities of the market, offering invaluable advice for navigating its highs and lows. Join us for this engaging and informative session with one of the most respected voices in Costa del Sol real estate.

 

management approach.

 

We then shift our focus to short-term investment properties, discussing the returns and risks associated with buying, renovating, and selling properties. In both long and short-term investments, we highlight the potential for capital gains, especially in a positive market trend or through value-added renovations.

 

A crucial aspect of property investment is setting a budget. We discuss the importance of location, with properties closer to central areas and the sea usually offering better liquidity. We guide listeners through determining their budget, considering available funds, the possibility of liquidating assets, and the option of borrowing, including leveraging existing properties or securing mortgages.

 

Understanding your investment expectations and desired ROI is vital. We suggest researching different areas, especially in Marbella, to understand what your budget can afford in each location. 

 

Our discussion includes practical tips for assessing potential properties. Questions like the reason for sale, listing duration, inclusions in the sale price, community regulations, and the property’s condition are essential. 

 

We wrap up with tips for identifying investment opportunities. This episode is packed with practical advice and strategies for anyone looking to invest in property, tailored especially for the Marbella area but applicable broadly. Whether you're a seasoned investor or a beginner, there's something to learn for everyone.

Hosted by Gretel Kutan & Camilla Liftinger

Website www.marbellapropertypodcast.com                                                                        Facebook:    www.facebook.com/groups/marbellapropertypodcast/                                    Instagram @MarbellaPropertyPodcast   

 

 

Guest: Dominic Packwood

Website: https://availablenow.es