Off-plan property sales are booming on the Costa del Sol.
The developments in southern Spain now are being built by tried and trusted developers with experience of choosing the right spot for views, location, amenities and value. If you are a golf lover this could be on a golf course, or a beach front property. It is this level of expertise in creating a development in the heart of the action that will prompt an excellent return on investment if you choose to sell or rent your property.
Using state of the art design and well-known architects, many of the new developments springing up in Andalucia are intimate well-designed residences that feature the latest in technology and eco design. Often incorporating solar or green energy they will mean lower bills and a greener energy footprint.
As agents, we ourselves work with experienced developers on ‘Our Exclusives’ and find that when a prime development is released it can be reserved in days. This is because the developers offer attractive payment methods meaning you can spread payments from reservation up to completion. This staged payment is perfect for some buyers who may not need to get a mortgage.
What’s more buying into a development early means you will often be getting a discount on what the final built price will be. This also offers you the choice of the best apartments within the development so bagging a prime penthouse or ground floor apartment with garden is easier earlier on.
Buying off-plan almost always means you can personalise your property to suit. Many developers offer extras too like a Jacuzzi on the roof terrace or swimming pool which can be incorporated into your property as it is built. There may also be a chance to negotiate extras like a furniture pack or membership to the local golf club.
Buying off-plan means just like other countries, your property will be under guarantee so any snagging problems can be dealt with free. This is not the case buying any standard property.
If all this sounds appealing talk to one of our team today who will show you a fabulous range of off plan properties one of which may be your dream home in the sun.
The Malaga region has been a popular place for holidaymakers for many years so to buy here makes sense. In 2017 the province registered 30,300 sales which is a 14.6% increase on the year before. This shows the region had the second highest number of sales per inhabitant in the whole of Spain.
Almost 30% of these homes were purchased by overseas buyers, placing Malaga among the most attractive provinces for the foreign buyer.
The Malaga figure almost doubles the Spanish average, which is 8.6 sales per thousand inhabitants. With a fabulous climate and great outdoors lifestyle you can see what attracts buyers here. Attractively priced property as well as a good selection of property types means you are likely to find the home of your dreams.
Malaga had the fourth highest number of sales with 26,436, behind Madrid (69,966), Barcelona (53,773) and Alicante (34,631) and ahead of Valencia (26,437), Baleares (15,799), Sevilla (14,663), Murcia (13,386), Las Palmas (11,682) and Tenerife (11,604).
In the whole of Spain, a total of 464,223 purchases were registered last year, which equates to a rise of 14.9% over 2016. Transaction data, both nationally and in the case of Malaga, are the highest since 2008.
Second-hand housing, which includes those owned by banks, accounted for 81.5% of sales in Malaga (in Spain it was 82.6%). That said it will be interesting to see how the market changes with so many attractive off-plan deals available in new build developments.
Meanwhile, the data shows the foreign buyer continues to be a key player in the sector, mainly due to the attractiveness of the Costa del Sol.
In 2017, overseas buyers bought almost 9,000 homes in Malaga, representing 29.6% of total sales. The percentage is somewhat lower than in other years (between 2014 and 2016 it moved around 34%) due to the gradual return of the national buyer’s market, but it continues to show the province’s allure for visitors.
Whether you are looking for a modern family villa or a lock and leave apartment we have sea view, frontline beach and frontline golf properties available that will inspire and excite you. Contact one of our team today to talk through your property requirements.
Spain offers culture by the bucket load, from Renaissance palaces to fine art museums, there’s enough here to keep even the most impassioned culture vulture occupied for a lifetime. Whether you’re looking for a pleasant interlude on a beach holiday in Spain or a whistle-stop tour of the Spanish art scene, put these destinations on your wish list in 2018.
The Prado Museum, Madrid: Immerse yourself in the elegance of art’s classical era with the ultimate permanent exhibition of old masters. The gems displayed at the Prado include works by El Greco, Rapheal and Rubens, as well as Goya and Velasquez. This sparkling mix of painting and sculpture are the aesthete’s dream – and if you’re looking for a bumper dose of culture you can buy a discount ticket that also includes entry to the nearby Thyssen-Bornemisza Museum and Reina Sofia Arts Centre.
The Guggenheim Museum, Bilbao:You could spend half an hour admiring this building without even venturing inside it, thanks to the architectural genius of Frank Gehry. The Basque Guggenheim is hard to describe without seeing it for yourself, but think a futuristic collision of spaceport and titanium ocean liner and you won’t be far off. Inside, a series of eclectic galleries displays one of the world’s greatest collections of modern art. There are also plenty of interactive exhibitions, so it’s a great place to take family of all ages.
The Alhambra Palace, Granada: If your taste in architecture trends towards the ancient rather than the modern then Granada’s glorious Moorish palace will give your heart strings a good thrum. It’s one of the most beautiful Arabian palaces in existence, and the design blends the grandeur of a sultan’s residence with the impregnability of a fortress. Time your visit to coincide with the annual International Festival of Music and Dance, which takes place within the palace walls and features some of the world’s top orchestras. It’s also possible to stay within the grounds in the Parador Hotel – although you’ll have to book several months in advance to secure a room.
The City of Arts and Sciences, Valencia: If one museum isn’t enough to sate your interest in art, then how about a whole city packed with museums and galleries? Valencia’s City of Arts and Science is packed with buildings dedicated to art and entertainment, including the Principe Felipe Science Museum and the Palau de les Arts, Valencia’s opera house. There are also plenty of less serious attractions for kids and easier-going culture vultures – check out the beautiful aquarium at L’Oceanografic Park and the Planetarium at L’Hemisferic. As the birthplace of paella too, you need to try one of the beachfront restaurants providing this traditional cuisine,
5.1 million passengers welcomed by Malaga airport last year.
Latest figures show in 2017 Malaga was the second most popular airport in Spain, welcoming 5.1 million travellers, beaten only by Barcelona who received a staggering 10.3 million passengers.
Some 15.7 million visitors from the UK arrived in Spain on a budget airline between January and November 2017, a 10% increase on last year, making them the largest group of foreign visitors. Germany was the second largest group with 5 million visitors, followed by Italy with 4.9 million. It is not hard to see why tourism thrives in our Andalusian hotspot. Even with the collapse of Monarch other airlines like Jet2 are stepping up and increasing flights into Malaga and several other Spanish airports ensuring those numbers stay.
Spain is the second-most visited country, behind the USA, and relies heavily on international and local tourism. The tourist industry accounted for 11% of Spain’s GDP in 2016 and around one in eight jobs were tourism related. That doesn’t look likely to change as Spain invest in its infrastructure with new rail links and an extension to Malaga port to house more super yachts.
By the end of the third quarter, tourist numbers reached 75.3 million and according to John Kester, the director of statistics and trends at the United Nations world tourism organisation (UNWTO) tourist numbers are on track to be 10.5% higher than 2016.
The real draw to the Costa del Sol through the gateway of Malaga is of course the climate, where even in winter you can see temperatures of 20 degrees….perfect for a game of golf, a walk on the beach or even a hike in the countryside. You could be having tapas in the arty streets of Malaga at lunchtime and in the snowy mountains of the Sierra Nevada by early evening. Where else could you find this combination of seasons?
The luxury outdoors lifestyle is what keeps drawing tourists back to this Andalusian paradise, so how would you feel about living here year-round? Browse through our extensive property list – your dream Spanish home could be right there waiting for you.
The infrastructure in Spain is key to boosting sustainable tourist numbers and the AVE ends 2017 with 2.4 million passengers proving high speed train travel is popular for tourists and locals alike. Plans are also under way for new services such as a connection to Granada and faster service to Seville.
On 23 December 2007, a high-speed train arrived for the first time at Malaga’s main railway station, María Zambrano. The arrival of a Series 103 at about 12.30pm was a historic moment in Malaga province with the commercial service beginning the following day.
The service is marking its first major anniversary in fine form, with 20.5 million people having travelled between Madrid and Malaga during that time, and it has reached a new record this year with more than 2.44 million users. That is about 3.8 per cent more than last year.
Rail is the perfect way to travel, it allows for you to see the natural beauty of the country as you travel through it. Timeless and romantic, yet modern and high speed, if you haven’t enjoyed a journey by train we would highly recommend it.
Over the past ten years more direct connections have been added, with cities such as Barcelona, Zaragoza and Valencia, and next year there will also be a service to Granada. The journey to Seville from Malaga is also expected to become much faster in 2020. Lines are being built to other destinations as well, so the AVE high-speed services will continue to expand in coming years. The whole rail network with its epicentre in Malaga has been used by 27.5 million people since 2007.
The AVE has brought Malaga and Madrid closer together with an optimum journey time of just over two and a half hours, especially impressive for the inhabitants of the Spanish capital, where any journey within the city can take around an hour. From a business perspective, it can be said that the Costa del Sol has already become a technology park and hub for investment which is accessible from Madrid, and from a tourism point of view, it has become one of three major destinations for those seeking sunshine and beaches, together with Valencia and Alicante.