We have had a lot of movement this winter in the real estate market of the Costa del Sol, we can expect the spring season to be more busy than normal. New developments are going up along with the price increase. Málaga is attracting more rural tourism and there is welcome news for the health service.
The economic crisis is a distant memory in this corner of Spain. The property market in Andalusia, of which the Costa del Sol is a part, has been moving upwards at a steady but, most importantly, sustainable rate. The latest data from Tinsa has price rises of 2.1% in Andalusia as a whole. As the graph from Tinsa shows, below, we are nowhere near where prices reached in 2007, suggesting that an investment now is likely to be positive.
On the Costa del Sol prices have been climbing generally faster than the average for the region. New construction has begun in earnest, with several important new developments. Buying at the early stage of a development does mean that you tend to get a better deal in exchange for waiting (and the risk of delays, of course). In the hills behind Marbella, luxury apartments are for sale starting at €190,000. In Fuengirola, there is a new development which offers spectacular views of the sea. Estepona is offering new villas around the famous La Resina Golf Club, starting at €484,000.
The Costa del Sol is a haven for golfers, with 150 golf courses to choose from. Some of the best are the Santana Golf Club at Mijas, Marbella Golf Club Resort, Finca Cortesin Golf Club at Caseras and Los Aqueros Golf and Country Club in Benahavis.
A new arrival is the Doña Lucia Golf near Estepona, designed by Global Golf Company and will open near the end of this year. Rightmove has townhouse properties for sale there from just €290,000.
The Costa del Sol also welcomes premiership footballers who, like many British people, search for some sunshine, relaxation, and nightlife. Many heads for La Sala and Ashley Cole is one of the many famous sports people seen there. Liverpool FC recently stayed on the Costa Del Sol before their match against Porto in Portugal. Other celebrity regulars include Jamie Oliver, Baron Alan Sugar and Prince Albert of Monaco.
Credit: propertyguides.com