Investing in Property on the Costa del Sol – an Overview
If you’re considering investing in property on the Costa del Sol, it’s also worth investing time in doing your own research into where to buy, what to buy… and whether you should be buying in Spain at all!
Many foreigners continue to buy Spanish homes in haste, only to regret their purchase at leisure having had their fingers burnt and their life savings squandered on a disastrous property deal.
Performance of Spanish property on the Costa del Sol
The Costa del Sol is still fertile investment ground but you won’t find the easy rich pickings of the 1970s and 80s. The housing market has experienced a considerable slow down over the last couple of years and would-be investors need to be more cautious than ever when making decisions about both the type of property to buy and the location.
Where to invest on the Costa del Sol
The Costa stretches for 160 kilometres to the east and west of Malaga and its resort towns each have their own distinct character and appeal. Different places attract different people – Torremolinos and nearby Marbella are chalk and cheese but each has their own devoted army of fans. And mountainside Mijas Pueblo is worlds apart from seaside Mijas Costa even though the two are separated by just seven kilometres.
This web site offers you a series of guides to all the most popular areas of the Costa del Sol favoured by investors. Use this information to help pinpoint the resort area which best suits your particular needs – either as a buy to let investor or as someone seeking a permanent or holiday home in Spain.
Other articles about the Costa del Sol and investing in Spanish property
Having chosen your preferred location, take a look at our series of articles which guide you through the buying process and help you to make a sound investment. You’ll find everything from useful advice on purchasing a suitable buy to let property to arranging a mortgage and marketing your holiday rental. There’s an article focusing on the importance of hiring a good lawyer to ensure you don’t fall headlong into any of the common pitfalls waiting to snare foreign buyers who fail to take proper legal advice.
We also take a look at the past and present performance of the Costa del Sol property market and make an honest appraisal of the threat posed by emerging east European markets. All these special features have been written for Talk2Sir by an independent journalist with no affiliation to any estate agency, developer or property promoter.
Click here to see our investment guides to Spanish Property