Located on the Mediterranean coast, the Costa del Sol is one of the most attractive regions in Andalusia to invest in a second home, both in the new build and second hand market.
Sales figures at record highs.
Over the last few months, the Spanish housing market has consolidated its position as one of the safest markets for investors, as evidenced, among other things, by the general recovery of the sector.
After a period of great uncertainty. Spaniards have once again placed their trust in bricks and mortar as a safe investment asset. The positive evolution of the sector has boosted investor confidence, both in the new-build market and in second-hand and rental housing.
Sales prices in the province of Malaga stood at 2,326 euros per square metre, well above the Spanish average, although with much more affordable values than in the most expensive provinces, such as the Balearic Islands, with 3,363 euros per square metre, Guipúzcoa, with 3,247 euros per square metre, Madrid, with 3,207 euros per square metre, or Barcelona, with 2,867 euros per square metre.
In this way, Malaga is configured as an accessible market for investors, and all those who are looking for a second home due to its location on the Mediterranean coast.
Evolution of the Malaga property market
The figures for the fourth month of the year demonstrate the solidity of the Malaga property market, making it a safe option for investing in a second home. The good performance of the housing sector in the province is also evident if we compare it with the Spanish provinces with the highest annual increases. Only Alicante recorded double-digit year-on-year growth, standing at 10.41%.
Which Malaga municipalities are most attractive for investment?
Beyond the capital, the evolution of municipalities such as Coín has been notable, with a year-on-year increase of 18.65%, Manilva, with 15.85%, or Fuengirolawith a year-on-year variation of 15.55%. When looking for a flat in Fuengirola, the superb location of #MedHillsFuengirola.In terms of typology, we find a very wide housing market, from flats with swimming pool to Residential Resorts. A new housing concept, which combines all the comforts for a healthy lifestyle in harmony with the environment.
Investing in rental property in Fuengirola
If you are thinking of investing in a second home, Fuengirola is a perfect destination for those looking for a holiday home, with a privileged climate and incomparable natural landscapes, on the shores of the Mediterranean. The rental property sector in Malaga offers great opportunities that are always advisable to take into account when investing, whether you are looking for a second home or if you are thinking of buying a property to rent.
The gross rental yield in Spain reached 6.43% during the first quarter of 2022, up five hundredths of a percentage point from the previous quarter. If we compare Malaga with the main Spanish provincial capitals, it ranks twelfth in the ranking, reaching 5.04% in terms of gross rental yield. This figure makes the city the second most profitable Andalusian provincial capital to invest in a property to rent in 2022.
If you are looking for flats for sale or rentthis is your place! Do not miss the opportunity and come and visit #MedHillsFuengirolanew homes for sale in Fuengirola. Your future awaits you.
Contact with us and come and meet us.
Because you want to, better living. #MedHillsFuengirola.