The pandemic and teleworking opportunities have influenced this phenomenon, inevitably translating into a major impact on the Costa del Sol property market.
A Dream Come True
The dream of a golden retirement on the Spanish coast is no longer exclusive to retirees. In recent times, this desire has materialised in a growing trend: the "I've sold my house to telecommute and live on the beach" movement.
The attraction of the Costa del Sol
The beauty of the Costa del Sol, with its charming villages and golden beaches, has attracted retirees and active people over the age of 50. Three out of four home seekers in this region choose Malaga and the surrounding area as their ideal retirement destination. In addition, the Costa del Sol also attracts the foreign population. It is estimated that there will be some 474,000 foreign retirees in Spain, many of them choosing the Costa del Sol.
Impact on the Real Estate Sector
This growing movement has had a significant impact on the real estate market. The sector is adapting to the needs of people over 50 who are looking for a higher quality of life. Providing amenities such as social areas, reading rooms, coworking spaces and medical care is becoming a priority.
Residential complexes are also evolving to meet this demand. Ageing-related projects are being developed with services that improve quality of life in terms of health, safety and leisure. In addition, complexes are being created under the concept of the collaborative economy, encouraging community living and the use of natural and energy resources.
A Paradigm Shift
This phenomenon is transforming the way we understand life after 50. The Costa del Sol has become an attractive destination for those seeking a balance between work and quality of life. The possibility of teleworking has precipitated the dream of living on the beach and has driven an ever-evolving real estate market. The quality of life, multiculturalism and diversity of residential options make this region an ideal place for those looking to enjoy retirement or a more relaxed life before retirement. The Costa del Sol is poised for a future full of opportunities and enriching experiences. Are you ready for a fresh start in this Spanish coastal paradise?
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