Thursday, 28th May 2020

This Month's Magazine
The recovery of the Costa del Sol

The recovery of the Costa del Sol

This summer tourism accounted for an income of 12 billion Euros while the property market is also recovering at the fastest rate than any other region in Spain according to the National Statistics Institute.

There is no doubt at all that the property market is recovering at a rate beyond predicted expectations, most of the repossessed bank stocks have been sold and the new building sector has started to gain pace, a clear indication of things to come.

Marbella of course remains the most demanded area, however, as prices rise, the demand is clearly expanding into neighbouring Estepona and Manilva. Now it is even possible to see that there is a shortage of certain types of property in the most sought after spots, but there is a definite difference in building styles and demand. The new developments are smaller; the tendency is quality as opposed to the frantic quantity that was being built prior to the recession through pure and simple greed, in fact the very reason that burst the bubble in the first place.

Some of these improvements in quality are noted by the number of renovations that are taking place as well as the quality of new buildings such as individual villas and clean modern looking styles. It is obvious that the element of future investment is now playing a big part.



While Brexit seems to have increased the demand of quality UK property buyers on the Costa del Sol for investment as well as residence purposes, the variety of ifferent
other nationalities has also increased for similar reasons to comprise buyers from Scandinavia, the Low Countries, France, the Middle-East and even Morocco, at the same time the number of Russian buyers is most relevant as the favourite.

The Costa del Sol is making its marks as one of the favourite locations where to buy bricks and mortar as a safe investment and we are now set for a period of continued growth. Continued growth leads to increase in prices therefore the sooner one enters the market the greater should be the investment in time.

One way to maximise one’s investment is to build your own but to do so it is essential to employ a professional, established firm to look after your interests such as MATECNO S.L. to ensure that the job is done correctly within a pre-set budget and time with no come back from authorities.

What is even more encouraging to support this growth is the fact that tourism is also on the increase and encompassing many more nationalities than ever before that highlights the number of first time visitors to the Costa. While the climate may well be one of the major contributors to this demand, it would seem that many of the other favourite holiday destinations have provoked feelings of insecurity both political as well as natural through floods, earthquakes and so on and of course this is another factor that is encouraging the greater number of visitors to the Costa del Sol.

MATECNO, Architect
Architects, Building & Construction Management iin Marbella, Sotogrande, Puerto Banus, Estepona, Maniilva, San Pedro, Avenida Manilva, 1 -1ºG, 29692
+34 679 173 916
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MATECNO, Architect

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