New favorite destination for investors

 According to data from the Ministry of Development, last year 2020 more than 24,600 properties were managed, 50% more than in the Andalusian capital, Seville. This increase in activity in the city is due to the transactions of new free housing with 52% more compared to 2019.

Due to this growing demand, there has been an increase on the part of investors in the real estate sector, placing Malaga as the third focus of real estate investment below Madrid and Barcelona. This study carried out by Vision Malaga 2021 compiles data on this year with respect to 2020 and the forecasts for 2022, on how the market has changed and how it will change from now on. Also noteworthy is the increase in interest from technology companies in Malaga. The bet of Google and Vodafone for the city will have a knock-on effect, as will the bet of the telemarketing sector on the Costa del Sol with the arrival of new international companies.

During 2020 better conditions were achieved so that after the return to normality there is a strong reactivation of the real estate market. It is expected that once the vaccination campaign is completed and the flights between the different demanding countries are regularized there will be a significant increase in the real estate market, but especially on the Costa del Sol. That is why it is estimated that in 2022 there will be a considerable increase in the demand for housing.

 There will be an increase in the real estate market in 2022

The real estate market in Malaga has remained active thanks to two factors: the activity of the demand and the speed of sale in the capital. There has been a rapid recovery and in turn sales have stopped on the Costa del Sol during the pandemic, due to flight restrictions by the demanding countries, causing a decrease in visits and interested contacts.

Savills Aguirre comments that Malaga must be prepared to continue to be in the sights of investors, showing itself as a different option to Madrid or Barcelona, ​​for which it must bet on the development of new buildings, satisfying the growing demand for being a city with an enormous cultural wealth, where you can live and work with one of the best climates in Europe.

If you are thinking of investing in Malaga as a lifestyle or to earn money, we recommend that you consult the current market and seek advice to find out what exactly you need. We have professionals who can help you know the current state of the real estate market in all its aspects. Do not hesitate to contact us if you have any questions, we love to share our knowledge and experience.