Foreign buyers of Spanish property now account for one in six sales throughout the nation.
The Costa del Sol in particular has long held the allure of international investors and continues to grow in popularity among foreign buyers. The coastal hotspot has seen foreign purchases surge by 61 per cent year-on-year, way ahead of other popular coastal areas such as Costa Brava and Murcia at 52 and 50 per cent respectively.
Investing in Spanish property on the Costa del Sol has become particularly attractive given the current market conditions. Spanish banking institutions have gained confidence and mortgage rates are low, unemployment levels are reducing and the economy has stabilised and gained significant traction.
Property prices in Spain is perhaps the sectors biggest current allure. Falling values across the country when the economy crashed in 2008 has left the market full of bargains in its wake. The Costa del Sol, given its unique micro-climate of 300 days of sunshine per year and sprawling coastline, has enjoyed the biggest boost of all since the market began to recover fully in 2013.
Currently, property prices range from area to area on the Costa del Sol:
New Build Apartments Benalmadena to La Cala
- 2 beds from €220,000
- 3 beds from €255,000
New Build Apartments New Golden Mile, Casares, Manilva
- 2 beds from €160,000
- 3 beds from €235,000
New Build Villas
- Benalmadena to La Cala - €600,000
- Casares, New Golden Mile, Manilva - €450,000
Resale Properties Costa del Sol Sol
- Apartments from €150,000
- Apartments from €220,000
- Villas from €450,000
Occasionally property prices can be lower or higher, depending on the type of property. However, stocks are running low, and there has never been a better time to set your sights on investing in a Spanish property than now.