- Strong winters crossing British, Germans and Scandinavians make during the time seek purchase options in Spain, especially on the Costa del Sol
- British are inclined to buy waterfront homes and the Germans for second-hand properties
- The square meter in the Costa del Sol is around 2,030 euros
From April, and as a result of the excellent climate, begins in Spain with the highest peak buying and selling of properties located on the Costa del Sol, this is second homes, it means, vacation, and it is especially from Easter when higher sales of such properties in Spain are recorded. During this time increase visits and purchases, as customers know very well where to look for the holiday home of your dreams through Real Estate, and is in Marbella, Estepona, San Pedro de Alcantara where are the properties of second homes or rentals They are looking for.
The Costa del Sol is the favorite area for foreigners to buy
One factor that has allowed that there is a significant growth of demand in terms of buying property in the area is mainly focused on foreign buyers, especially British, German, Danish, Chinese and Scandinavians who moved by the theme of climate, nice area, or just for their striking and popular beaches decide to invest their savings in a property on the Costa del Sol, which they can visit during the holiday season and during the rest of the year can to stay rented, generating a few extra euros, one of the strongest and most stable currencies in the world.
As for nationalities who decide to buy here we can also note that there is a strong role by the British, who have taken over from other markets such as Russia. Followed by the French, Chinese, Danish, German, Swiss or Belgian.
In this sense, we can then say that for last year 2015, at least 17% of those who invested in real estate purchases were foreigners mentioned above and also in some coastal areas of Spain like Alicante, Malaga, Almeria, Baleares , Canary Islands and Gerona the number of purchase by outsiders can rise and reach up to 40%. They are primarily foreigners seeking properties for sale on the Costa del Sol
According to the data we have obtained, the main reasons why foreigners decide to invest in areas such as the Costa del Sol, Almeria, Costa Blanca, Costa Brava and the Canary Islands Andalusia and Levante is mainly due to the stock of available, in addition to good prices and climate, all this is then translated into a good demand for holiday home.
The weather is also perfect for the winter in Spain
All this we have been discussing is radicalized even more than the nationalities mentioned that are major in showing you interested in buying a property on the Costa del Sol (Russians, Danes, Germans, Swiss) each year suffer the harsh winters that crosses each of their countries, so that when arriving this season prefer against the cold in places that are not as affected by this climate, such as the Costa del Sol, where you can enjoy a pleasant weather during every month, with an average temperature year of 19 ° C and more than 300 days of sunshine.
And in general, the climate of Malaga can enjoy almost any outdoor activity in all seasons. If we were to define the climate in one word, it would be Mediterranean, and also has mild winters and warm summers. Malaga counts as discussed above with an average of 300 days of sunshine and only 50 days with precipitation throughout the year.
And it is undoubtedly the location on the Costa del Sol makes Málaga the perfect place to live, to invest, to enjoy, with winds blowing from the Mediterranean Sea, and that cause the temperatures are more bearable during the summer , so that foreign investors take advantage of all the qualities of enjoying that area to purchase single-family homes also feature modern architecture, minimalist decorations and a feature that love anyone: ocean view and the sound of the waves which relaxes all our senses, especially in multi-million dollar villas and residential complexes that are unique, as they have parking yachts, high security and large areas for leisure.
Malaga is one of the areas of Spain and even entire European continent experiencing one of the warmest winters in Europe, and that the average daytime temperature during the period from December to February reaches 17-18 ° C, ie between 62 and 65 degrees Fahrenheit. And during the winter, the Montes de Malaga are responsible for blocking the cold north winds so we can say that in general, the summer season lasts about eight months, ie from April to November, however, the remaining four months of the year temperatures often reach 20 ° C, about 68 degrees Fahrenheit, a really nice livable climate.
The average annual temperature in the province is 23 ° C (73.4 degrees Fahrenheit) during the day, one of the warmest in Europe, and 13 ° C (55.4 ° F). While in the month of January, which is the coldest month, the temperature ranges from 12 to 20 ° C (53.6 to 60 ° F) during the day, 4-13 ° C (39.2 to 55.4 ° F) at night and average sea temperature is 15-16 ° C (59 to 60.8 ° F)
The hottest month is August, where the temperature ranges from 26-35 ° C (78.8 to 95 ° F) during the day above 20 ° C (68 ° F) at night and the average sea temperature is 23 ° C (73.4 ° F)
It has since started the holiday shopping season property on the Costa del Sol, there are thousands and thousands of foreigners who want to invest in a property in Marbella, Estepona and different areas of the region.
How is the foreign investor profile?
The British are inclined property near the beach
The British are those at the top of foreigners that invest in real estate on the Costa del Sol, are that the favorable evolution of the pound and the adjustment of prices in the Spanish market explain the strength of the British who, like the other foreigners, mostly purchase vacation homes on the coast.
Germans prefer home resales
For Germans it highlights the highest quality in the new building, which is a determining factor that nationality. However, this type of foreigners buy more houses for sale by the lower price and tend to pay no debt in our country, since financial institutions rarely reach lend more than 70% of the houses to non-nationals the reason is very simple and is that after acquiring a loan, can return home with the debt and never cancel it, and there is no way that the Spanish government can judge being in another country and not being Spanish.
Usually, the customer preferences to choose what their beach vacation home go for a good price. And in the area, investors are no longer strive both search for apartments or houses on the beach, especially by foreigners, but those with an environment that is pleasant is preferred, and where amenities are the main feature, where there are some good quality services such as:
Shops: on the Costa del Sol will find a great shopping paradise, especially typical products, it is that this area has the highest bid as throughout the province in this regard. If for example is planning to spend a few days in Malaga, we assure you there will find almost everything and also discover numerous food shops and artisans, not to mention all kinds of memories. Look, compare prices and choose what you want.
Amenities: tennis courts and golf courses are favorite places on the Costa del Sol, there are dozens of them, such as Aloha Golf, Añoreta Golf or Atalaya Golf & Country Club, in which from about 50 euros per person you can enjoy a day of fun.
And it is that there are not only people who are interested in having a good day at the beach, but also to go out and find everything they need to settle there or spend quiet holidays.
Similarly we can reveal the profile of the customer who declines to acquire such properties usually generally more than 45 years, and mostly part of a family in which one of its members has a permanent contract. Similarly, in most cases, usually apply for 100% financing on the purchase price. In these cases, some banks in the area as is the Banco de la Gente, which facilitate sales, one of the levers, along with the price.
However, in the case of travelers who rent the properties offered on the Costa del Sol and also want to avoid high temperatures and large crowds, perhaps the period of the late spring you may find it perfect to visit the city, ie, during the months of late April, May and into June. However, the first few weeks of the fall season are also highly recommended for a break on the Costa del Sol. And is that even during the spring and autumn temperatures still allow you to enjoy a holiday on the beach. In September and early October the average temperature of 28 ° C to 23 ° C lower (82.4 ° F to 73.4 ° F).
How much is a house in the Costa del Sol?
As a result of the variety of products for sale in coastal areas, it is difficult to speak of an average price of coastal property, is that in areas like Mallorca exceeds 2,500 euros per square meter in Almeria is around 1,100 euros and about 900 Castellón.
Meanwhile, on the Costa del Sol, according to some websites, the average price of housing can touch 400,000 euros, based on about 11,930 properties, bringing the square meter is located in approximately 2,030 euros.
Besides the price as one of the first variables, buyers also take into account, according to the amount they are willing to invest, the environment and the type of housing, ie whether it is an apartment, a flat, a townhouse or single), then being single-family housing property type most in demand, while the apartment or flat is the most desired by the domestic buyer.
If you want to sell your home in Marbella or any area of the region, we remind you that you have already started the shopping season, so you should take the opportunity to offer your property at the best price.
In relation to whether the property chosen by buyers is new construction or second hand, currently 40-45% of vacation homes being sold have not been released and approximately 55-60% are second hand. The lower price as well as the largest stock sale of second-hand properties make the difference.
Investments in the Costa del Sol stand out for its profitability
The benefits of investing in the Costa del Sol can say that is not a new discovery, or a business that is just beginning, and that those pioneers of the Spanish aristocracy who were responsible at the time of investing in houses, villas, hotels, chalets apartments, tourist activities: restaurants, hotels, services and business in general have found a new golden goal.
These numbers and these revaluations are also another important factor that has allowed foreigners and even nationals overturn his gaze to the area with the clear objective of investing in a property that with months or years the price will be higher and may He has won hundreds and even thousands of euros without lifting a finger.
According to El Mundo, the statistics regarding property valuations granted again, year after year clear leadership to the Costa del Sol, which remains one of the areas which offers investors the most benefit, and for that the data are conclusive: almost every year there is a significant increase in the price per square meter of housing priced, which also exceeds 10 points the Spanish media and other tourist areas. This has moved much investors, especially foreigners, who thanks to that figure today are more than confident that this is an excellent business, because if that area is revalued frequently, in a few years may obtain significant gains .
Revaluations up to 30%
And it is that the Costa del Sol as we have mentioned throughout the article, simply has not stopped growing and as a result investments have been crowned with strong revaluations, which are even higher than the overall profitability of the Exchange or other financial assets. And today, despite the wishes of the IMF, The Economist and OECD, investments reached in some provinces, such as Malaga, revaluations close to 30% in just one year. Also you must remember that for any real estate transaction is recommended that you contact a real estate advisor to guide you throughout this process.
Today the Costa del Sol seems more consolidated and stronger than ever, especially when compared with the rest of her sisters (Costa Blanca, Costa Calida, Costa del Azahar …) which are currently subject to problems urban management that have reached serious credibility problems, as has happened recently in Valencia.
The Costa del Sol has, without doubt everything you need to enjoy both a pleasant and enjoyable stay. And it is that during the summer you can take a walk or sunbathing on the beach without fear of sudden rain, like you can enjoy an afternoon bike or sail boat to see dolphins.
One of the main tips that can offer is that you know well the Costa del Sol, take advantage and enjoy some time in the town to know more deeply and if you want to buy a property here, first compare prices, areas, environment the services offered by each urban or residence, quality of services etc. and make the best decision. And finally, always remember: do not rush, if you want to invest.
Drafted by: MARA
Word Count: 2557
Contribution to the reader: this article offers to readers quality information and supported with respect to the purchase of properties in Spain, mainly in the Costa del Sol are informed about the type of foreigners who invest in the area, which seek out and highlights the importance of market revaluation.