Costa del Sol has kilometers of fantastic sandy beaches, an enviably warm climate, and the pleasant waters of the Mediterranean Sea. More than that, there are extensive sports and recreation on offer, a relaxed atmosphere and excellent cuisine. In this article, we’ll outline the features of the Costa del Sol region and the advantages of living on the «sunny beach.
Contents:
- Overview of the Costa del Sol region
- Housing for sale in Costa del Sol
- Why Costa del Sol is one of the best areas for real estate investment
- Advantages of housing in Costa del Sol
- Are you deciding to invest in Costa del Sol!
Overview of Costa del Sol
Spain’s Costa del Sol is considered one of the most fashionable tourist destinations. It boasts many lively resorts, beautiful beaches and excellent nightclubs.
Costa del Sol in Andalusia, southern Spain became famous among tourists around the 1950s. Since then, it’s been a popular choice among travelers from the UK, Germany, Scandinavia, France and many other places. Costa del Sol allows you can enjoy the warm Mediterranean climate, sunny beaches, charming villages, resorts, shops and restaurants.
The capital, Malaga, has a beautiful historical center (old district) and the famous main avenue of Alameda. The Holy Cathedral Church of the Basilica de la Encarnacion here is considered a real architectural gem.
The resort town-port of Puerto Banus is in the Nueva Andalusia region also in Malaga. This popular entertainment district has many luxury hotels and exclusive designer stores such as Gucci and Dolce & Gabbana.
The coastal village of Nerja is home to natural areas such as the ancient cave of Nerja and the rock of Moro Cerro Gordo. In Benalmadena, you can visit the Tivoli World Amusement Park and the Aquarium of Marine Life.
Costa del Sol has distinctive traditional cuisine. One of the most popular dishes is pescaito (small fish fried in olive oil), Spanish omelet and delicious gazpacho (refreshing cold tomato soup).
The area between Malaga and Sotogrande has always been a holiday destination. Resorts built in the 60s and 70s like Torremolinos and Fuengirola boast many high-rise 3 and 4-star hotels.
The westernmost areas of Mijas, Marbella, Estepona and Benahavis, and Calafel offers some of the best hotels in Europe. There are entertainment facilities like the Kalafel Slide attraction, Sport Center Land, Selwo Marina Delphinarium, Selwo Aventura Park, and Mijas Water Park. Shopping centers like Marina Banus Shopping Center, and Centro Comercial Miramar en Fuengirola. There are also places for sports like Club de Tenis Tomas Karlsson International Tennis Academy, Nueva Alcantara Marbella, and Club de Hielo.
Housing for sale in Costa del Sol
According to a report by the College of Registrars, 7,208 properties have been sold here over the past 3 months. This is 14.4% more than in the previous quarter. Activity in the resale sector is particularly strong. The rate of transactions increased by 18.3%.
The good news in the field of new construction: sales increased by 26.2% for the year.
In terms of total sales, 23,518 real estate transactions have been made in the last 3 months - the 5th largest indicator in Spain. Home sales reached 6,319, becoming the 3rd largest indicator in Spain (2nd only to Madrid and Barcelona). Over the year, it increased by 26.2%.
- Benaavis - prices increased by 11.6%, reaching EUR 3.404 per square meter.
- Estepona - an increase of 6.3% to EUR 2.348 per square meter.
- Marbella - prices experienced a more moderate increase (4.1%) to EUR 3.156 per square meter.
- Sotogrande - real estate increased by 4.3% to 2.384 euro per square meter.
These figures indicate that the real estate market in Malaga and Costa del Sol will experience a rapid recovery once the effects of COVID-19 stabilize. In addition, more people are betting on «off-plan» facilities in Malaga. These are quickly being built according to individual projects.
After several months of a downtrend, Costa del Sol prices resumed an upward trajectory. The excellent climate, location and quality of life make the region popular with local and foreign buyers.
Why Costa del Sol is one of the best areas for real estate investment
Costa del Sol has:
- 5 exhibition and conference centers. This makes the region the 3rd-most important after Madrid and Barcelona for important events;
- 15 marinas;
- 70 golf courses - the region is also called Costa del Golf;
- 3 marine centers;
- 9 theme parks;
- 7 nature parks;
Costa del Sol has become a magnet for second residence owners over the past 20 years especially since the introduction of low-cost air travel established routes in many European cities. Many real estate investors have finally moved to Costa del Sol permanently, attracted by the outdoor lifestyle, high-quality international schools and improved connectivity and accessibility.
Advantages of housing in Costa del Sol
Malaga
Malaga is one of the best cities in Spain for investment. In 2021, it was chosen by Google as a cybersecurity center. This will naturally attract a large number of companies in the coming months.
Malaga has one of the warmest winters in Spain. In addition, it has a rich natural heritage. Malaga ranks 5th among Spanish cities of the number of inhabitants - the population is about 578,500 people.
The cost of living here is cheaper than Barcelona or Madrid despite the same services offered.
In addition, this sector offers housing suitable for any type of family. This ranges from exclusive locations like El Limonar or classic Malagueta to areas for young families like parts of the Avenida Pacific.
Fuengirola
Just 30 kilometers from Malaga, Fuengirola is above sea level. You can enjoy pristine nature and international cuisine here.
A 7-kilometer walk can be done by foot or bike, offering a fantastic view of the Mediterranean Sea.
The fascinating style of architecture as well as shopping malls, beaches and much else make investing in a holiday home a great idea.
A variety of offers of new housing in Fuengirola is another important feature. Real estate here is cheaper than neighboring Marbella, for example.
In addition, in 2021, work was completed on a nature trail in Zaragoza Creek in Carvajal. This will be a new urban recreation area. It represents an orientation towards an even higher quality of life and increased green areas.
Marbella
For investors from all over the world, Marbella has become synonymous with exclusivity. Diverse real estate combined with top-quality local products makes the city a center of luxury tourism.
Puerto Banus is the area’s pearl. To the west of the city near San Pedro de Alcantara are the steepest marina on the peninsula and one of the most recognizable on the European continent.
Since its opening in 1970, Marbella has been visited by celebrities, tycoons and international football stars. It is also one of the most important places in the fashion world hosting the Marbella Fashion Show, for instance.
Deciding to invest in Costa del Sol?
It's time to choose the type of real estate and area to invest in Costa del Sol.
A preliminary analysis is key to making a profit. At Spain.Real-Estate, we accompany you from the beginning to the end of the transaction and see to all the paperwork.
Our experts will help you choose real estate as well as selling or renting. With Spain.Real-Estate, your dream is possible!