Large villas with gardens and pools and apartments or penthouses with good views are the most requested
Costa Del Sol in general
Costa del Sol has become one of the most attractive real estate markets in the country after adding to their traditional tourist strength a flood of cultural technological projects that are fostering the arrival of high-level professionals from all over the world. (either to live permanently or several months a year). This scenario, as explained by Engel&Völkers , has reinforced interest in the Malaga market, where, according to its data, 63 % of purchases of this type of property are made by foreigners.and with some operations divided between the acquisition of habitual residence (40%) and second residence (40%), with another 20% for investment.
In Malaga, houses between 120 and 250 square meters with three to four bedrooms are the most sought after properties in Cerrado de Calderón , Pedregalejo and Pinares de San Antón , while apartments between 100 and 170 meters with two to four bedrooms monopolize the Demand in the Center, the West and Limonar . Only in the Malagueta are the penthouses (200 meters with four bedrooms and a terrace) the most sought after.
The average price of the properties moves between 2,700 euros for the Cerrado de Calderón metro and 4,000 euros for the Malagueta.
Marbella and Golden Mile
The so -called Golden Mile remains the area with the highest average price to purchase a home in Marbella. «One of the most exclusive and requested real estate markets in Europe is concentrated in these five kilometers of coastline, where the maximum cost of a property has reached 21,856 euros per meter.
Mijas, Estepona and other areas
In Mijas , 82% of the acquisitions were used as a second residence compared to 15% as an investment and 3% as a habitual residence. Houses with gardens and pools from 138 to 286 m2, with two to four bedrooms are the most popular in Calahonda, El Chaparral, Campo de Mijas, Mijas Pueblo and Mijas Golf . While in Rivera del Sol and La Cala the apartments of 96 and 120 meters with two and three bedrooms respectively and with a terrace are the most requested.
Estepona has experienced a notable increase in prices (between 15% and 17%) compared to 2019.
Digital nomads as key investors
Investor's profile is changing with relatively younger clients (35-55 years old), mostly from the information technology sector, the so-called "digital nomads" as well as young international athletes who opt for settle in the area.
After the Golden Mile is Puerto Banús , with La Zagaleta as its greatest exponent. The buyer profile is drawn mainly by European families looking for a second home, with a preference for large villas and apartments near the beach..
In Mijas, there is a notable presence of Germans (32%), Belgians (11.7%) and French (8 .8%).
credit: La Opinión de Málaga