New Properties in Costa del Sol are being snapped up by international buyers
Nestled along Spain's southern coast, Costa del Sol is a picturesque region that captivates with its vibrant lifestyle, stunning beaches, and year-round sunshine. This area is not only a haven for tourists but also a prime location for international real estate investment. At Sun Properties Marbella, we have observed a significant trend: a majority of new properties in Costa del Sol are being snapped up by international buyers, driven by the region's allure and the high quality of life it offers.
The Allure of Costa del Sol
Costa del Sol, or "Coast of the Sun," stretches over 150 kilometers from Malaga to Gibraltar and boasts over 300 days of sunshine per year. Known for its beautiful landscapes, from sandy beaches to rugged cliffs, the region offers a mix of traditional Andalusian charm and modern luxuries. Costa del Sol is home to renowned destinations such as Marbella, Estepona, and Mijas, each offering unique attractions from high-end shopping and gourmet restaurants to quaint villages and cultural festivals.
Profiling the International Buyer
The demographics and preferences of the international buyers in Costa del Sol provide fascinating insights into the real estate market's dynamics. Typically, these buyers are international couples around 52 years of age, opting for multi-family homes that offer a luxurious average of 106 square meters of indoor living space, complemented by expansive terraces or gardens averaging around 61 square meters. These choices reflect their distinct preference for comfort and luxury, aligning perfectly with the scenic and relaxed lifestyle that Costa del Sol offers.
A Rising Trend: The Hybrid Home
Interestingly, 79.4% of these properties are purchased as secondary residences. However, the trend of using them for longer stays is on the rise, facilitated by the growing norm of remote working. This evolution in buyer behavior has given rise to the concept of 'hybrid homes', which serve both as vacation retreats and semi-permanent residences. This blend of utility makes Costa del Sol's properties even more appealing to international clients who value flexibility and comfort.
Dominance of European Buyers
The real estate market here is predominantly favored by Europeans, with buyers from Poland, the Netherlands, and the Czech Republic leading the way. This European majority, contributing to 84.2% (according the the builder Aedas last report) of the international purchases, underscores Costa del Sol's appeal as a cosmopolitan hub that transcends traditional geographic boundaries.
Why International Buyers Choose Costa del Sol
- Lifestyle and Climate: The sunny, mild climate all year round is perfect for enjoying the outdoors and leads many to choose Costa del Sol for leisure and retirement.
- High Quality of Living: The region offers a high standard of living with access to excellent healthcare, education, and entertainment options.
- Robust Infrastructure: With well-connected airports, modern highways, and reliable public transport, getting around and beyond is effortless.
- Cultural Richness: From traditional fiestas to international music festivals, the cultural vibrancy of Costa del Sol is a big draw.
- Investment Potential: The steady demand for real estate in this area makes it a sound investment, with potential for rental income and capital appreciation.
Sun Properties Marbella: Your Real Estate Partner
At Sun Properties Marbella, we specialize in helping our clients navigate the bustling real estate market of Costa del Sol. With over 20 years of experience and a deep local knowledge, we are ideally positioned to help you find your perfect home or investment property. Our expertise covers everything from luxurious beachfront apartments to exclusive villas in new developments.
Conclusion
Costa del Sol remains a top choice for international buyers looking for real estate in Spain, thanks to its unbeatable climate, luxurious lifestyle, and strong community feel. Whether you're searching for a holiday home to escape to during the winter months or a permanent residence to enjoy your retirement, Sun Properties Marbella is here to guide you through every step of your real estate journey in this paradise.
New developments for sale on Costa del Sol
Stay updated with the market trend and for the lastest New Developments for sale on Costa del Sol. On our website you will find more than 200 projects for sale. Here you will be able to find all details about the projects that includes brochures, floorplans, 3D-Tours and videos
