Reasons to invest in Real Estate in Malaga

Do you want to know why it’s a good idea to invest in Real Estate in Malaga? Malaga is an area with constant growth, making a Real Estate invest a smart decision for you.

A time of growth in Malaga’s economy and tourism

The province of Malaga already accounts for 20% of Andalusia’s GDP (PIB). What does that mean? It’s one of the major driving forces behind the Andalusian economy. In fact, many business groups have chosen to invest in it in recent years through the Technology Park.

We can’t overlook the significant influx of foreigners in Malaga. It’s globally renowned for its stunning beaches, magnificent views, and an extensive real estate market. At least two out of every five people crossing Larios Street each day are tourists, according to the June data from the INE’s Experimental Tourism Measurement and Statistics. In June 2023, a total of 237,956 foreign and national tourists visited the Andalusian city. This represents a 15% increase compared to the same month in 2022 and a 57.85% increase compared to 2021. Every day, Malaga attracts more and more people due to its great tourist offerings, quality of life, and events.

After Madrid and Barcelona, Malaga is positioned as one of the most important tourist destinations in Spain and Europe. This is thanks to the cultural and gastronomic richness that the city offers, as well as its pleasant climate.

Revaluation of land in malaga

Malaga is one of the key cities in terms of house price appreciation, according to the Global Residential Cities Index report, prepared by Knight Frank, which analyses trends in the main housing markets in 150 cities around the world. The study shows that Malaga is in 22nd place with a percentage variation over the last twelve months of 8.6%.

In addition, Malaga’s transport infrastructure is improving all the time, which in turn increases the value of the housing market because there are more opportunities for residents in terms of work and connections. Malaga also has an important international airport, located 8 km southwest of the city, Malaga-Costa del Sol Airport is the main airport in southern Spain, handling 85% of Andalusia’s international air traffic.

The expansion of the Port of Malaga is one of the biggest projects being carried out in the city. Not only will the port double in size, but the Port-City Plan will expand its commercial and leisure offer with the creation of a new waterfront shopping centre, a redesigned promenade, an aquarium and museums. This project will increase the value of housing in the centre of Malaga and its expansion in terms of tourism, offering more added value.

Malaga’s real estate development

With a mature Real Estate market, Málaga offers not only residential options, but also solid investment opportunities. Whether you are looking for a place to call home or a strategic investment, the city provides a range of options to suit your needs.

With a wide range of housing types, from charming flats in the historic heart of the city to luxurious villas in the hills surrounding the city, Malaga offers options for all tastes and lifestyles.

The architecture in Málaga tells the rich and varied story of the region, from charming traditional Andalusian houses to modern developments that reflect the growing technological presence in the city. This architectural diversity creates a unique urban landscape that combines the historic with the contemporary, providing opportunities for those seeking a home with character or a property with modern amenities.

Explore the possibilities in Malaga and immerse yourself in a property market where maturity translates into a wide variety of options, a rich architectural heritage and lasting investment potential. Your next home or investment is here, in the vibrant heart of the Costa del Sol.

Work and opportunities in Malaga

Malaga has experienced significant growth in the tourism and technology industries in recent years. Through the Technology Park, the city is experiencing robust expansion and job creation in these sectors.

There are two options: buying to rent to people working in the city or working in the city, either by renting or buying. We always advise buying because, in the long run, it is always more profitable if you plan to live here for many years, with the option to sell at some point.

More cultural events in Malaga

Malaga has changed a lot in recent years in the way it conceives cultural events. It offers both traditional events that attract national tourism and curious foreigners, as well as more modern events such as music festivals with international musicians, film festivals, theatre…

Traditional events:

• Easter week in Malaga – declared of International Tourist Interest
• Fairs of Malaga and its villages
• Malaga Carnival with COACMLG (Official Competition of the Singing Groupings)
• Midsummer Night in Malaga (known as the night of San Juan)
• Christmas in Malaga – the normal thing is visit the famous lighting of the Larios Street.
• Procession of the Virgin of Victory
• Picasso Month
• Verdiales Festival

Modern and actual events:

• Sophie – Electronic Music & Digital Art Experience
• El Row
• Ultra Music Festival – Costa del Sol Edition
• Brunch Electronik
• Starlite Marbella – with numerous national and international artists
• Numerous concerts in: Trinchera Hall, Eventual Hall, La Cochera Hall, Paris 15 Hall, Caja Blanca Hall…

We cannot leave aside the business events and congresses that attract many foreigners, international and national business people. The congress centre organises important events such as: DES (Digital Enterprise Show), SIMED (Mediterranean Real Estate Exhibition), Leandingirls, Andalucia Management (Leading the way), TEDxMalaga, IAGTO European Convention….

This makes its value as a city grow a little more each day, attracting investment and growth.

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In conclusion, investing in Malaga right now is a very interesting option as it is in the process of expansion. It has a privileged location (between the sea and the mountains), various options of houses to buy, a quality of life that attracts many tourists and new residents every year, a business environment in which to develop and much more.

We always recommend looking at everything thoroughly and working with people who specialise in real estate.

If you are thinking of investing in Malaga or you are sure you want to do so, ask us for an appointment to evaluate your case free of charge and without obligation. We will try to advise you in the best way to make the purchase or sale of your home profitable.

We also leave you some tips when buying your home in Spain that will come in handy if you finally decide to do so.

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