The Costa del Sol is one of the most popular areas for property investment in Spain. Its Mediterranean climate, white sandy beaches and proximity to the city of Malaga make it an ideal tourist destination.
In recent years, the real estate sector on the Costa del Sol has experienced strong growth, driven by the demand for property from foreign, national and local investors.
There are a number of factors that make Fuengirola an excellent choice for property investment:
- The demand for property: Fuengirola is a very popular tourist destination, with over 30 million visitors each year. Demand for tourist properties is high and is driven by the growth of tourism in the area.
Tourism is an important industry on the Costa del Sol, and is expected to continue to grow in the coming years. Demand for tourist accommodation is high, which is driving the construction of new tourist properties.
According to the National Statistics Institute (INE), the number of foreign tourists visiting the Costa del Sol in 2022 increased by 10% compared to the previous year. This upward trend is expected to continue in the coming years, driven by global economic growth and increased demand for international travel.
- Mediterranean climate: Fuengirola's Mediterranean climate is one of the main attractions of the area. The climate is warm and sunny all year round, making it an ideal place to live or spend holidays, ideal for investors looking for a long term investment.
According to the World Health Organisation (WHO), the Mediterranean climate is one of the healthiest in the world. This type of climate has been associated with a lower incidence of heart disease, cancer and other chronic diseases.
- The proximity to the city of Malaga: The city of Malaga is the capital of the Costa del Sol and one of the most important cities in Spain. The proximity to Malaga gives the residents of Fuengirola access to a wide range of services and job opportunities.
The city of Malaga has a strong economy and a population of over 600,000 inhabitants. The city offers a wide range of services, including schools, hospitals, universities, shopping centres and restaurants.
The proximity to Malaga also makes Fuengirola a more attractive tourist destination, as visitors can enjoy the charms of both cities.
Other information of interest:
Fuengirola's economy is growing steadily, driven by tourism and investment. In 2022, the town's GDP grew by 3.5%, which is above the national average. The unemployment rate in Fuengirola is low at 6.5%, reflecting the good health of the local economy.
The city has a good infrastructure, which makes it well connected to the rest of the coast. The town is located just a few kilometres from Malaga international airport, which offers connections to the whole world. In addition, Fuengirola has a wide range of public and public schools, offering quality education.
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