Malaga is a city in the south of Spain in Andalusia, the administrative center of the province of Malaga. Beautiful resort located in the south of the Iberian Peninsula, surrounded by sea and mountains, which is famous for its magnificent beaches and recreation areas.
Sunny weather in Malaga lasts almost all year round. It is very hot here in the summer months (average temperature reaches +30ºC). In winter, the thermometer is around +15°C.
The city is a world famous major tourist, cultural, business and port center of the country. The city has an Andalusian Technopark, Oracle Research Center, Siemens and Huawei electrical plants, a large brewery, several head offices of Spanish banks, many shopping centers, modern hotels, shops, and several prestigious educational institutions.
Benefits of living and investing in Malaga:
- comfortable climate, beautiful landscape, ideal conditions for a beach holiday, many green parks and alleys;
- rich historical heritage and unique monuments;
- developed urban and resort infrastructure;
- excellent transport links;
- a developed entertainment industry, many sports and cultural events are regularly held;
- secondary housing has excellent rental potential, as a huge influx of tourists guarantees high rental prices;
- a variety of offers and a wide selection of apartments (you can buy both luxury apartments with all amenities by the sea, and one-room apartments with a convenient layout).
How to profitably buy an apartment in Malaga: offers on the market
The business environment, the tourist flow and the active life of the city function all year round, therefore the secondary real estate of Malaga is constantly in demand among many Spanish and foreign investors. The infrastructure of the city is so developed that it allows you to successfully invest in the secondary market both for your own residence and for the purpose of obtaining passive income (profitability from renting an apartment is at least 5-6% per annum). Investing in Malaga's secondary housing is always justified, both in terms of a reasonable price and the expediency of investing, obtaining further profit.
Particularly popular are apartments in the immediate vicinity of the famous Playa de La Malagueta beach and the historic quarters of the city (Centro district). The most expensive and prestigious resale property in Malaga is located in Centro, so buying an apartment here is recommended for those who want to live in a restored historic building or rent it out to tourists. Soho is another suitable area to buy resale property in Malaga for investment. The Este area is suitable for those who love the sea and relaxing holidays, but the cost of housing in Malaga is the highest here. Carretera de Cadiz is another quiet area next to the sea for buying a home. Its advantage is that the prices here are lower than in Este.
Website for buying and selling apartments in Malaga
The GEOLN.COM website with a user-friendly search interface helps investors find and buy apartments in Malaga inexpensively, so you can quickly and easily select apartments according to the required parameters without intermediaries and use the advice of specialists. The catalog contains verified objects of the city, which are placed on the site by homeowners on their own.
Cost of living in Malaga
The price range for apartments in Malaga is extensive. The most expensive housing is sold in the city center, where prices start from 2000 euros/m². So, the cheapest apartment in the historical area of La Cala will cost about 160 thousand euros. Apartments with high ceilings in renovated houses are in particular demand from foreign investors. As a rule, they cost from 250 thousand euros. In the eastern districts of Malaga, where the best city beaches and many parks are located, housing prices start at 150,000 euros. Elite apartments will cost from 500 thousand euros, and if located by the sea - 1-1.3 million euros. Cheap housing in Malaga can be purchased on the western outskirts of the city. If we talk about areas, then the cheapest apartments in Malaga in terms of average cost per square meter are located in areas such as Martiricos - La Roca (1276 euros per sq.m), Campanillas (1410 euros per sq.m), Ciudad Jardín (1431 euros per sq.m). You can also buy an apartment in Malaga inexpensively from owners in modern areas that are located around the historic city center. The infrastructure is well developed here, the houses are built using "smart home" technology, there are shops, restaurants and shopping centers within walking distance.
How to buy an apartment in Malaga: the nuances of investing
Non-residents can freely buy an apartment in Malaga, there are no special restrictions or rules. However, to complete the contract, you need to obtain a NIE (foreigner identification number), open an account with a Spanish bank, check the status of the property (for debts and encumbrances) and sign an agreement on booking accommodation. After the above steps, you can sign a contract of sale. Before buying, we recommend not only viewing the photos of the selected object, but also reading the reviews of the residents of the house and the area.
We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment in Malaga according to individual parameters. The purchase and sale of apartments in Malaga is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.
Buying a home in Malaga is a profitable investment that guarantees a high rental income, the opportunity to relax and live in an amazing and popular resort town that harmoniously combines a developed modern infrastructure and historical heritage.
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