REAL ESTATE – The Costa del Sol, the preferred place for foreigners to buy a home
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The Costa del Sol, the preferred place for foreigners to buy a home
The Costa del Sol is the preferred place for foreigners to purchase a second home. Whether for its beaches, its people, its traditions or its good weather all year round, the Costa del Sol continues to be the preferred place for foreigners who decide to buy a home. The cost of living, the quality of life, the leisure offer and the climate make a difference over the rest of Europe and, therefore, foreigners are looking for a house to stay on the Costa del Sol.
So much so that 76.8% of potential buyers of a new-build property in this Andalusian area intend to acquire it as a second home. This figure is four times the national average, which is 19%.
Among the demand for a home on the Costa del Sol, either as a first or second residence, foreigners from northern Europe are very present.
What is the attraction of the Costa del Sol?
In addition to its Mediterranean climate with more than 300 days of sunshine a year, the Costa del Sol has excellent air connections with the rest of the countries thanks to Malaga Airport.
But, beyond the tourist potential, the Costa del Sol and especially the city of Marbella, Malaga have a high quality of health, educational and leisure services that attract the attention of foreigners.
What is the foreign buyer of a new construction home like?
The potential buyers of new construction on the Costa del Sol are those with one of the highest average budgets in Spain (350,000 euros). Europeans looking to buy a second home on the Costa del Sol.
British, French, Germans, Swiss and Belgians top the list.
The profile of this buyer is someone looking for a second home in a sunny country and thus get away from the cold climates of northern Europe.
As a general rule, they want to buy in our country to move once they retire.
What are foreigners looking for on the Costa del Sol?
Foreign buyers are looking for apartments and houses in Marbella, Malaga city and other coastal areas. But, it is essential for them that they are places that are well connected and that have international services.
In addition, they want to have services such as leisure areas, golf courses or sports clubs close by in a suitable environment.
If you want to buy a house on the Costa del Sol, we present you, dream properties in prime locations
Apartments and penthouses 100 m from the sea, beach, Fuengirola, Costa del Sol, investment – HN9143
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