Malaga, the capital of the Costa del Sol, has all the assets to attract you: easy access to the air, miles of nearby beaches, record sunshine, a lively and lively city, and affordable property prices.
Malaga was founded by the Phoenicians in the eighth century BC, making it one of the oldest cities in Europe.
Located at the mouth of the Guadalmedina, this vast white area is dominated by the Gibralfaro, the “hill of the lighthouse”, crowned with walls of the fourteenth century. The area of Malaga, facing the Moroccan coast and the outlet of the land routes descending from the highlands of Granada and Guadalquivir, made it the main city of the Mediterranean coast of Andalusia and the sixth largest in Spain: 570.000 inhabitants in the city and 1 million in the province.
Malaga enjoys a very pleasant Mediterranean climate with more than 300 days of sunshine a year and an average annual temperature of 18.5 degrees (12º minimum in winter).
With 16.8 million passengers in 2016 (+ 16% in one year!), Malaga International Airport is served by some sixty airlines to around twenty Spanish destinations, a hundred European cities, but also to the world. North America, the Middle East and North Africa.
The nightlife in Malaga is very active and the atmosphere very festive. Take a ride in the center of Malaga is something usual for young people in the city as well as for the not so young. The restaurants are very numerous and varied.
Malaga has also relied on art to stand out from mass tourism: a branch of the Pompidou Center in Paris, another in the Russian Museum in Saint Petersburg, an satellite of the Thyssen Museum in Madrid, a center for contemporary art … if he could see the great museums that Malaga, his hometown, had, Pablo Picasso would not believe his eyes.
Malaga is the fourth most active Spanish city in real estate behind Barcelona, Madrid and Alicante. After the 2007 crisis, the real estate industry has restructured slowly and in 2015, the first recovery signs were noted. In 2016, 26,000 units were sold in Malaga, with strong foreign demand (30% of sales); this is the highest figure since 2008. Foreigners make these acquisitions either to become their main residences, or to make them their second homes, or to make an investment and to rent them annually or seasonally.
Prices are still affordable despite the 8% increase this year: the average is € 2400 per m2 (Source: omau), 25% lower than the maximum price of 2007, just before the start of the crisis. Very important price variations exist in the city, between the popular area of Rosaleda in the north of Malaga at 1630 € / m2 and the easiest zone of the East Coast at 3850 € / m2 (West coast: 2550 € / m2).
With more than 20 years of experience in real estate acquisition procedures in Spain, we are at your disposal to assist you with all the necessary steps from the search for a property to services offered after the acquisition. When you are buying a home in Spain we help with organizing the visits of properties, the legal verification of the properties, the obtaining of a mortgage, the administrative procedures and the signature of the different notarized documents.
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