You are welcome to your foremost centre for everything, Malaga! Here, you are assured of correct, exciting and factual clues on the Malaga real estate market and how to navigate its intricacies. You are invited to read this post to the end. It aims to discuss some of the salient information that is not espoused in other articles, and it will end with some insights on where you can find property for sale in Malaga; if you would like to read about other areas in Spain, you will find a link attached below where there is quality information. Are you ready? Then, by all means, take a bite!
Real Estate in Malaga – The Facts
Malaga is the capital of the Malaga Province of Southern Spain. Malaga has dual geographical topography in the beautiful Mediterranean city of Andalusia. Some sides of the community lie in the plains, while others are elevated in hills. On that backdrop, you probably guessed right that properties on the mountainous side have higher views of the Mediterranean and attract tourists because of that. But that is only one side of the story; some areas are so hilly that they may not be motorable. So for real estate purchases, consider the accessibility to these Spanish hilly/castle-like properties before you peg your money on it.
Most of the Malaga plains are covered in agricultural produces and farms. You can look forward to many greens in Malaga, and it is not strange to find:
- a cottage;
- a Spanish castle-like building;
- or a manor between all of those farm plots.
Many of Malaga’s indigenous occupants were farmers who cultivated vegetables and fruits or grapes. Many of the families own indigenous wineries, which are a rich experience for tourists to visit. You will also find a handful of local liquors (remember to drink responsibly!).
A summation of the facts section of this article is that Malaga is a beautiful Mediterranean city with many green plains and indigenous farms, houses and places to see.
Real Estate in Malaga – The Features
Now, on to the feature part. Malaga is a beachside city with many waterfront properties, oceanside lifestyle, culture and even music. The Spanish town hosts some of the best beach barbecue events, and pop culture/ music does not slag in entertaining people. The city is also ancient, dating as far back as the year 713; it is interesting that many of those ancient old structures are merely modified for usability. You can still feel its ancient artistry from when the Romans occupied the Island, even now.
Pablo Picasso is from this part of the world, which means the city will not likely lack artistry and beautiful portraits. Malaga is a sleeping beauty at night and has unique art during the day. A handful of museums ensure you never forget how historical Malaga is, ranging from the Picasso’s, the Carmen Thyssen, and the Car Museum, to mention only a few. Lastly, the features are the eye-watering gardens, waterfalls and natural streams, which decorate the city and crown the ancient structures with absolute splendour. For many, Malaga is an ancient paradise in the modern world.
Real Estate in Malaga – The Figures
Nothing good comes cheap, at least not as far as luxury real estate is concerned. Did you know that expert projections say that the value of the real estate will be a minimum of 4% in the year 2023? According to Spain-Real.Estate, a careful study of the Spanish real estate industry reveals a steady and gradual growth in the value of properties. Unlike luxurious markets such as Dubai, which often have a rise and fall pattern, the Spanish industry is reliable and grows stable as each year passes. It has been a good store of capital over the years.
Conclusion
This article sums up the various features, facts and figures of Malaga city as a guide for tourists. The prices for real estate differ in Malaga. Living in Malaga is much cheaper than living in Amsterdam (up to lesser by half), and the average cost of real estate is valued at €160 000. It could go slightly up or less, but you should note that new houses are usually costlier.
Also Read: Wholesaling vs Flipping Real Estate: Which Is More Profitable For Beginners?
