The southern Spanish coast, also known as the Spanish Riviera, is also a great starting point to explore the fascinating region of Andalusia. With an endless variety of landscapes, culturally and historically interesting cities such as Seville, Córdoba and Granada and picturesque white villages to explore.
If you prefer to be active, remember that the Costa del Sol is nicknamed the Costa del Golf for a reason. With around 70 golf courses you will always find one that perfectly suits your level. Add to this the special culture from which you can not imagine tapas, flamenco and regular ‘fiesta’ without, and your quality of life or stay is guaranteed.
Is a house on the Costa del Sol a good investment?
We already mentioned it, but besides the reasons mentioned above, some of Spain’s best beaches are located on this coast. Nearly all offer numerous facilities, a wide variety of beach restaurants and activities for the whole family. The Costa del Sol has been one of the most popular places among expats and tourists for years. This dynamic means that there is always a wide variety of properties for sale.
What is the best place to buy property on the Costa del Sol?
Historically, the most chic and trendy place on the Costa del Sol to own real estate is the Golden Triangle which consists of Marbella, Benahavís and Estepona. San Pedro de Alcántara and the famous hotspots of the Golden Mile and Puerto Banús with its glitzy marina are also part of this. Many of these classic areas are still very attractive to people who want to buy a second home in Spain. Yet here too, shifts can be seen in real estate trends.
House on the Costa del Sol as a ‘refuge’ in the event of war
The ‘new golden mile’ is around Estepona and is attracting more and more buyers. Experts predict that house prices here will continue to rise. In addition, there are a number of exciting developments in this western part of the Costa del Sol. There were quite a few projects planned in this area before the crisis, but when the recession hit, they were never built. However, they were already connected to services and the basis has been ready to be developed ever since. Because the demand is so great and the number of new plots relatively low, these projects have recently been picked up again. That is why there are more and more expats buying a house in Estepona.
The same goes for buying a house in Málaga. The increase in rents makes purchasing a property in Málaga a very profitable option for those with financial solvency. Málaga is one of the best places to invest as it has a low real estate risk.
Where do most expats live on the Costa del Sol?
Most Northern European and increasingly Eastern European expats live on the coast west of Málaga in the contiguous series of towns Torremolinos (near Málaga airport), Benalmádena, Mijas, Marbella, Estepona up to Manilva. Here you will also find international private hospitals, numerous catering establishments and shops of different nationalities, including the Dutch and just as many multilingual service providers in the field of energy, telephony, financial advice, etc.
What are the pitfalls when buying property in Spain?
Some common pitfalls when buying property in Spain include the security deposit, the purchase tax that has not been taken into account, problems with off-plan properties and property that is being built illegally. Provide professional help in the form of a reliable Dutch-speaking estate agent in Spain and engage a good, reliable lawyer. Good guidance ensures a worry-free purchase so that you can enjoy your new home in Spain without any worries.