Malaga among Spain’s top property investment destinations along with Madrid and Barcelona

Malaga among Spain’s top property investment destinations along with Madrid and Barcelona

According to Savills Aguirre Newman, the city of Malaga has become a real estate hotspot, only beaten by Madrid and Barcelona in levels of interest from investors. It has the largest share in the Andalusian housing market, and is twice as large as Seville in terms of property sales.

The average square meter price of a home in the province was 1,703 euros in the second quarter, an increase of 5.4% from a year ago. In fact, properties were up 11.5% in value from the end of the previous year, according to Tinsa.

According to Idealista, Malaga is home to the largest number of luxury properties worth over one million euros, accounting for 23.1% of the total supply of 36,000 luxury homes in Spain.

Industry insiders expect deals with land to boom over the next few years when the pandemic ultimately fades away. Greater activity is expected in the following residential areas: Cortijo Merino, Sanchez Blanca, Nereo, El Tinto, Repsol and Rojas Santa Tecla.

Marbella is one of the most popular investment destinations in Malaga, with properties such as a one-million-euro penthouse available for sale. The penthouse’s terrace and south-facing windows offer stunning views of Lomas de Marbella Pueblo and the sea. The property features three bedrooms, but the bedroom that occupies the entire upper floor and has panoramic windows is of particular interest. The residential project has an outdoor pool and shared gardens.

For clients willing to spend two million euros, there is a seafront villa in Cabopino, surrounded by the 18-hole Cabopino Golf course. Spanning across an area of 890 square meters, the 677-square-meter villa features a 10-meter private pool and garden. It has a unique location close to pine-covered mountains, Cabopino beach, the protected area of the Dunas de Artola, the marina, and the Torre de los Ladrones hiking trail.

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