Property in Malaga
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Yulia Yemelyanova
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by answering 5 questions and you will getIf you want to live in a large modern city and still have superb beaches close at hand, buying property in Malaga will be an excellent choice for you. Malaga is the capital of the Costa del Sol region, the sixth largest city in Spain and the second largest in the autonomous community of Andalusia. Malaga is a lively modern city where life is in full swing day and night. Those who have decided to buy property in Malaga will have excellent infrastructure at their disposal. Malaga offers wide opportunities for career growth and education: the city has several universities and prestigious private schools. Malaga also has excellent transport links. For example, Malaga international airport is 10 km from the city centre, which is very convenient. The city also has bus and railway stations. If you decide to buy property in Malaga, you will be able to enjoy a mild climate all year round, with warm winters and sunny summers, and the 14 km of first-class beaches next to the city will leave no one indifferent. Buying property in Malaga is a sound decision both for a permanent home and for a summer residence. In addition, buying property in Malaga is a sound investment for earning rental income. You can buy property in Malaga and rent it out all year round at a fairly high price, to tourists and students alike. Malaga is not only a major tourist centre but also one of the most popular cities in Spain for higher education.
Property in Malaga is a great option as a permanent home, a holiday residence or a rental property. Malaga is not only a popular resort but also a well-known student city, so there will certainly be no problem finding tenants. As for rental prices in Malaga, a two-bedroom apartment can be let for approximately €700 a month. Given that property of this type in Malaga, in a district popular with tenants, can be bought from €100,000, the yield works out fairly high. So which districts are worth considering for buying property in Malaga, depending on your aims? The Centro district is the historic centre of the city, well suited to buying property in Malaga for those who like to be in the thick of things all the time. At the same time, families with children may find this area too noisy. La Malagueta, a district next to the centre and the beaches, is well suited to buying property in Malaga to rent out. Soho is another suitable area for buying property in Malaga as an investment (for rental). Soho is often called the bohemian district. You will find a huge number of designer clothing shops there. The Este district suits those buying property in Malaga who love the sea and a quiet holiday, although property prices in Malaga are highest here. Carretera de Cádiz is another quiet district near the sea for buying property in Malaga. Its advantage is that property prices in Malaga are lower here than in the Este area.
According to the idealista portal for May 2021, the price of property in Malaga averages €2,127 per square metre. As for specific areas of the city, property prices in Malaga are as follows: €1,588 per sq m in Bailén - Miraflores, €1,410 in Campanillas, €2,017 in Carretera de Cádiz, €2,746 in Centro, €1,754 in Churriana, €1,431 in Ciudad Jardín, €1,709 in Cruz de Humilladero, €2,848 in Este, €1,276 in Martiricos - La Roca, €1,817 in Puerto de la Torre and €2,280 in Teatinos.
Is there affordable property in Malaga? Our answer is yes: in certain districts of the city you can buy property in Malaga at an affordable price. However, it is important to turn to competent specialists who will help you choose good affordable property in Malaga. Despite its low price, such property will not be located in rough areas or have hidden defects. A two-bedroom apartment in a good district, well suited to renting out, can be bought in Malaga from €100,000. It can be let at a rent starting from €600-700 a month, which guarantees a good yield. As for the city's districts, the most affordable property in Malaga in terms of average price per square metre is found in areas such as Martiricos - La Roca (€1,276 per sq m), Campanillas (€1,410 per sq m) and Ciudad Jardín (€1,431 per sq m).
The sale of property in Malaga, Spain, by Alegria Premium guarantees a clean and reliable transaction, and that you will find property in Malaga that fully meets your requirements and budget. Our specialists have extensive experience in selling property in Malaga, Spain, and will be glad to help you choose a property, arrange viewings, prepare all the necessary documents and complete the deal on the most favourable terms for you. We do not only sell property in Malaga, we also provide a full range of related services, from opening a bank account to assistance with obtaining a residence permit. One of Alegria Premium's main lines of business is the sale of luxury property in Malaga, Spain, and of new-build properties in Malaga constructed to the latest international standards of quality and energy efficiency, from the best materials and with the newest technology.