Southern Spain is a favorite destination for tourists, attracting visitors from all over the world. Millions of holiday makers enjoy holidaying on this beautiful stretch of Andalusian coastline every year, tempted by the sunshine, beaches, culture and gastronomy. There is also the heady mix of healthy outdoor pursuits, laid-back lifestyle and lively fiestas. So, it is not surprising that some of these visitors don’t want to leave and are seduced into purchasing houses in Spain.
There are three main reasons for expats buying property in Spain; those looking for an investment property to either rent out or to enjoy themselves. There those who want a Spanish home from home. A holiday home that they can escape to whenever the fancy takes them. There are those who have fallen in love with Andalucia, who decide to find the perfect luxury villa for sale on the Costa del Sol and to relocate the sunnier climate of Southern Spain. Here are top 4 reasons for expats who are actively looking for the perfect property for sale in Spain:
1. Over 300 days of sunshine
As touched upon above, the Costa del Sol does what it says on the tin and much more… ‘The Sunshine Coast’ is aptly named, as you are guaranteed over 300 days of sunshine each year. This all-year-round temperate weather is the perfect antidote for northern Europeans, particularly Scandinavians, who experience long cold winters, with sunshine is in short supply.
Costa del Sol has an average of 25-30 degrees daily and you can expect the temperature to reach a pleasant 15 degrees during winter. When compared to colder countries, this is like having summer all year round!
Of course, it isn’t just about sunbathing and the beach (although the beach would be at the top of a lot of people’s lists!). The warmer weather allows you to enjoy life to the full. To appreciate the stunning scenery, such as the dramatic mountain backdrop or the impossibly pretty properties in white villages, such as in Ojen and Istan, which nestle high up above the coastline.
It is also possible to explore the beautiful countryside and wildlife, try out one of the many world-class golf courses, hiking trails, watersports, tennis clubs and much more. In fact, if the sun is shining you can do almost anything. Where else could you go skiing in the Sierra Nevada Mountains in the morning and be back at the beach by sundown?
2. More bang for your buck
Spain is on average 8% cheaper than the rest of Europe, especially when it comes to buying general provisions, such as wine, beer and olive oil. This is because salaries tend to be lower than in other countries such as Germany, Holland and Scandinavia, which means that your money will stretch further.
Lower property maintenance and everyday living costs are an enormous benefit, particularly during the current energy and cost of living crisis sweeping through the EU.
Spain may be cheaper than the rest of Europe, however real estate on the Costa del Sol continues to be profitable. If you have the right real estate agent on the Costa del Sol, it is still possible to find bargain properties for sale in Spain, Investors can take comfort that there is constantly more demand than the supply of luxury villas for sale on the Costa del Sol.
3. High quality property
The high demand for luxury villas for sale in the Costa del Sol has grown over the years, starting from the 1950s when Prince Alfonso of Hohenlohe-Langenburg elevated Marbella from a sleepy fishing village to a celebrity hang-out when he opened the Marbella Club Hotel. Since then, international HNWIs (high net worth individuals), famous faces and royalty have flocked to Marbella and the surrounding areas. This demand has a direct impact on the standard of property you can buy in Spain.
Another route to owning a million-dollar mansion is to purchase a plot of prime Marbella real estate to develop your dream home. Also, some of the world’s richest REITs (real estate investment trust) have turned their attention to developing luxury homes on the Costa del Sol due to the high ROI (return on investment).
4. Culture and lifestyle
Whether you are enjoying a holiday or have made a more permanent move to work or even retire, there is so much to enjoy. Let’s start with gastronomy… Malaga province is blessed with incredible locally produced and sourced produce, including freshly caught fish. It is possible to enjoy delicious dishes at every price point, from tiny chiringuitos to Michelin starred restaurants, such as Dani Garcia’s establishments.
Living a full and healthy life is much easier on the Costa del Sol, as there are so many opportunities to get outside and enjoy nature. The entire coast is well-known as a golfers’ paradise and virtually every beach and marina offer access to watersports, such as standup paddle boarding, jet-skiing and sailing. Staying close to the beach, there are the famous beach clubs, including Nikki Beach and the Ocean Club, nightclubs, bars and cafes, where you can kick back and relax or party when the sun goes down.
The rich and vibrant Spanish culture is at the heart of everything on the Costa del Sol, you are never far away from a fiesta, every small town, village and hamlet celebrates its own patron saint with a party. The ancient Andalusian art of flamenco is alive and well and can be experienced in many venues. Alternatively head to Malaga’s museums to learn about the province’s famous son Picasso, marvel at the architecture and ancient ruins and much more.
Last but definitely not least, Spain has one of the world’s best national health care systems and an extensive network of private clinics. UK citizens are still entitled to use the health care system if they were in residence before Brexit and have secured the correct paperwork.