Malaga and the Costa del Sol, in recent years one of the most attractive real estate plazas in the country after adding to the traditional tourist force a series of cultural technology projects that encourage the arrival of top professionals from around the world (either to live permanently or for a few months a year). This scenario, as described company specializing in luxury housing Engel&VölkersIt has increased the interest in the Malaga market and according to its data, 63% of such property purchases are made by foreigners. and some transactions are split between habitual home acquisition (40%) and second home acquisition (40%), while the other 20% is for investment.
“It aroused interest luxury house Costa del Sol It has more than overcome the challenges posed by the health crisis in the real estate sector, and the demand for homes with open space and new construction has revived the market once again after the pandemic,” the German real estate company says in its Market Report 2021-22.
He points out that the most important event of last year was the return of international investors, of which 63 percent of sales transactions managed by Engel & Völkers in Malaga exceeded not only 45 percent but also 55 percent last year. Percentage of fiscal year 2019 before the pandemic.
As the study reveals, large villas with gardens and pools as well as apartments with terraces These are the most requested features in the Malaga capital and Marbella homes.
Three to four bedroom houses between 120 and 250 square meters are the most sought after properties in Malaga. Cerrado de Calderon, pedregalejo Y San Anton Pine ForestsTwo to four bedroom apartments between 100 and 170 m² monopolize the demand, while Central, West and lemonar. only Malagueta The lofts (200 meters long with four rooms and a terrace) are the most persecuted.
The average price of properties is between 2,700 euros per meter in Cerrado de Calderón and 4,000 euros in Malagueta. “The view and location are the strong points of this neighborhood, with a 3% year-over-year increase in 2021.”
But even though Malagueta has the highest average cost, Maximum price peaks were reached in the West region, where average values increased by 11% to €3,000 per metre, and average values increased by 10,000 euros.. The development of important developments on the Poniente promenade undoubtedly gave weight to this ascent.
In Pinares de San Antón-Cerrado de Calderón-El Palo, where houses of 250 meters are sought, the average cost increased by 4% to 17% depending on the region, reaching 2,700 euros. The only place that reduced the cost (although it retained a very high price) was the Centro/Soho region, which fell 2% to 3,900 euros.. “Inside, sought after the smallest apartments in the city, 100 meters and two bedrooms, terrace and view,” says the study.
In Limonar- Parque Clavero, the price of four-bedroom apartments with a 170-meter terrace and swimming pool met the demand, increasing the price by 6% to 3,500 Euros, and in Pedregalejo, the cost of real estate increased by 7% to 3,200 Euros. Houses of 150 meters, three rooms and some of the most in demand plots.
Marbella and the Gold Road
so called golden mile It remains the region with the highest average price to buy a home in Marbella. “On this five kilometers of coastline is concentrated one of Europe’s most exclusive and sought-after property markets, where the maximum cost of a property reaches 21,856 euros per metre. The location of prestigious urbanizations and complexes such as Cascada de Camoján and Sierra Blanca is highly sought after by international investors.”Dice Engel & Volkers.
The international buyer buys both first and second homes in Marbella for extended periods of time or permanent residence in the city. The average price of properties marketed in Marbella by Engel & Völkers was €1.8 million in 2021, including villas, apartments and semi-detached houses.
Of course, the real estate agency warns that the target audience varies with relatively younger clients (35-55 years old), mostly from the information technology industry, so-called “digital nomads” as well as young international athletes. settle in the area.
After the Golden Mile was found Puerto Banuswith La Zagaleta as the highest base. The buyer profile is drawn mostly by European families looking for a second home, preferably large villas and apartments near the beach.
Germans, British and Belgians
In mijas With a notable presence of Germans (32%), Belgians (11.7%) and French (8.8%), 82% of purchases are for a second residence, 15% as investments and 3% as permanent It was built as a residence. Two to four bedroom houses with gardens and swimming pools from 138 to 286 m2 are the most popular. Calahonda, El Chaparral, Campo de Mijas, Mijas Pueblo Y Mijas Golf. In Rivera del Sol and La Cala, 96- and 120-metre apartments with two and three bedrooms and terraces, respectively, are most in demand.
On your own behalf Estepona While the Germans and British continued to lead the way in buying real estate, Russian demand was replaced by the Belgians, Dutch and Swedes. Compared to 2019, there was a significant increase in prices (between 15% and 17%) in all regions in this municipality.
According to Engel&Völkers, the most demanded criteria are the beach, modern, large terrace, sea view, swimming pool located in urbanization and extra services. in areas such as Costalita, Cancelada, Benamara, Selwo and Estepona Bay Apartments or townhouses with two and three bedrooms, with an average area of 90 to 200 meters, dominate.
In Benalmadenaforeigners accounted for 35% (mostly British, French, Danes and Norwegians) of sales, while in Fuengirola and Torremolinos they accounted for 40% (British and Finns stand out in the first case; Swedes, Germans, Danes and Norwegians in the second case).
There is a clear preference for space in Benalmádena. Higueron This is where the highest average prices, close to 3,000 euros per metre, are found. In Fuengirola”A trend change is observed in the preference of the most demanded locations. Bowling alleys and Fuengirola Center At an average cost of 2,200 and 2,000 euros per metre, respectively.
Finally, TorremolinosThe most demanded areas are the Center with an average cost of 1,912 euros and La CarihuelaWhen they reach 2,600 euros.