The Costa del Sol has gone from being a destination for retirees to becoming a meeting point for national and international digital nomads, which has led to the development of real estate projects adapted to the needs of international clients. This also includes hybrid housing for long stays. These and other reasons, described below, make the Costa del Sol one of the best places to invest.
1. Tourist attraction and ideal
The Costa del Sol is a top tourist destination, known for its sunny weather 300 days a year. This attracts a large number of visitors and seasonal residents, which increases demand for vacation rentals and residential properties. According to booking company Holidu, by December 2023, 24% of vacation rentals will already be pre-booked.
2. Strong and diversified market
The region offers a strong and diverse real estate market, with options ranging from affordable apartments to luxury villas. This offers investment opportunities for a wide range of budgets and preferences.
According to Forbes USA, the Costa del Sol stands out as one of the top five places in the world to buy cheap properties. Meanwhile, in Marbella, the average price of houses purchased by foreigners is over one million.
3. High demand for vacation
There is a high demand for vacation rentals, driven by tourists, digital nomads and expats, giving investors the opportunity to generate regular income.
Tourism, in 2023, generated an economic impact of around 25 billion euros and attracted 33.9 million tourists.
4. Continue growth and development
The Costa del Sol continues to develop, with the arrival of new infrastructure and services, which further increases its attractiveness and could lead to an increase in property values in the long term.
5. International presence and diversity of buyers
The region attracts a diverse international clientele, including a significant number of shoppers and tourists from across Europe. This brings stability and resilience to the local real estate market.
Taylor Wimpey España, with over six decades of experience and a reputation for energy-efficient homes and cutting-edge design, remains committed to the Costa del Sol as the region enjoys strong support due to the sustained growth of foreign investment.
6. Accessibility and connectivity
With an international airport in Málaga and good transport links, the Costa del Sol is easily accessible, increasing its attractiveness for international visitors and potential investors.
7. Quality of life and services
The Costa del Sol offers a high quality of life with excellent services, including international schools, hospitals, gastronomy, culture and recreational activities, making it an attractive place to live and invest.
In summary, the combination of an ideal climate, a strong and diverse property market, high rental demand, constant development and high quality of life make the Costa del Sol an attractive place for property investment. The region not only offers opportunities for financial return, but also provides a desirable lifestyle for those who wish to live or spend time there.
