Málaga – a Sunny Investment Opportunity
Author: Eve Keerus-Jusupov, CEO of Merlis Homes SL.
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Málaga is one of Europe’s gems—a city rich in history and culture, brimming with business and innovation. It is an ideal destination for real estate investments.
Over the centuries, the city has been shaped by numerous civilizations—Romans, Moors, and now Spaniards. Each has left its mark on Málaga’s architecture, from the Moorish fortress Alcazaba to the Roman Theater.
Málaga’s Old Town is an attractive destination for both tourists and real estate investors looking to offer short-term rental services.
Today, Málaga is a modern city that has preserved its historical charm. It is one of the fastest-growing cities in Spain, with significant investments in infrastructure and sustainability projects.
What should a property buyer in Málaga consider?
1. Location. Málaga is a large and diverse city with both historical areas like Centro Histórico and new developments featuring modern apartment buildings. Due to high demand, apartments in the city center are particularly popular for short-term rentals.
2. Málaga is a tourism hotspot.Over a million tourists visit this sunny city every year, providing excellent opportunities for short-term rentals. With its diverse culture, historical landmarks, and vibrant nightlife, Málaga is an ideal destination for holidaymakers.
3. Málaga Airport is one of the largest in Spain, ensuring excellent accessibility for international visitors. With connections to Europe’s major cities and approximately 150 destinations, including the USA, Málaga is highly attractive to both residents and tourists.
4. Infrastructure. Málaga is a rapidly developing city with significant investments in infrastructure improvement and expansion, positively impacting future property values. The city boasts a strong and growing economy, supported by a large number of foreigners who choose Málaga as their permanent residence, seasonal remote work location, or vacation destination.
When it comes to short-term rental investments, Centro Histórico and Malagueta are the most popular areas, thanks to their central location, proximity to the beach, and numerous attractions. These neighborhoods are highly favored by tourists, ensuring a steady demand.
But you should know that the issuance of new tourist licenses has been temporarily suspended in the latter areas. However, the Malaga province has many beautiful places that tourists also love and where short-term rental activities are not restricted.
In summary
Málaga is an ideal destination for real estate investments, offering not only historical and cultural richness but also excellent future prospects.
Note: Málaga still has a high demand for rental properties, particularly for long-term rentals, where supply is scarce. If you plan to focus on short-term rentals, keep in mind that Málaga has implemented a regulation requiring a separate entrance for properties used for short-term leases. This means that properties suitable for short-term rental are more likely to be townhouses, semi-detached houses, or standalone houses rather than apartments. An exception applies if you own an apartment building with no permanent residents.
Come and discover Málaga—a city where history meets the future.