6 reasons why to buy an apartment on the Costa Del Sol

The Costa del Sol has long been popular with both tourists and expats who are drawn to the sun, sea and sangria. The Costa del Sol coastline, which stretches for 159 km. Warm and hospitable people and 325 sunny days a year make the Costa del Sol attractive for many reasons. But is the Costa del Sol a good investment today? Is buying a property on the Costa del Sol a good idea? If you are thinking of buying a property in Spain, is the Costa del Sol still the right place for you? We believe that the answer to all these questions is yes! To prove it, here are five reasons why you should invest in real estate on the Costa del Sol:

1. Costa del Sol has a thriving ex-pat community

The Costa del Sol has a thriving expat community. This means it will be easy to integrate into the community and seek support when needed. If you are not fluent in Spanish, living on the Costa del Sol is also advantageous from a practical point of view: it is much easier to find English-speaking doctors, hospital staff, lawyers and other necessary services here than in other more remote parts of Spain. If you need to pass your Spanish driving test, you'll even find English-language driving schools, and for families with children, there are of course plenty of highly regarded schools offering lessons in both English and Spanish, so you can give your children a solid foundation in both languages . From a purely practical point of view, therefore, it is the best place to choose.

2. The Costa del Sol is extremely popular with tourists

If you're not planning to move to Spain permanently, you may be looking for a property to spend time in and rent out when you're not using it. The Costa del Sol is one of the most popular tourist destinations in the world, with an average of 20 million tourists visiting the region each year. As the world recovers from the effects of the coronavirus pandemic, visitor numbers are expected to increase, potentially surpassing that level, representing a huge potential market for those renting properties. The average rental return is 11% per annum.

For this reason, if you are looking for a buy-to-let investment, there is no better place to look than the Costa del Sol.

3. Costa del Sol offers what you expect - sea, climate, mountains, peace and the voice of the city

While the Costa del Sol is perhaps best known for its beaches, the region also offers plenty of traditional white villages set back from the coast in rural mountainous locations. This means that if you decide to invest in real estate on the Costa del Sol, you will get the best of both worlds. If you love the hustle and bustle of the coast, you will find plenty of apartments and villas to suit your needs. If you prefer authentic Spanish village life, you can find properties in less developed locations. Either way, you can almost always be at the beach or airport in less than an hour!

4. Property taxes are cheaper on the Costa del Sol

The government of Andalusia has approved a decree that reduces the transfer tax (a tax paid on the purchase and sale of second-hand homes) to a flat rate of 7%. This is the lowest rate at which the regional government can set the transfer tax rate, making Andalusia's tax rate one of the lowest in the country. In real terms, this means that you will pay less in taxes if you decide to buy on the Costa del Sol. Investments in the Costa del Sol will be much easier thanks to this change.

5. The Costa del Sol is a great place to live!

People, beaches, food... there are so many reasons why people love it. So many people go here on holiday and then never want to leave. If this applies to you, there really is no better time to invest in property on the Costa del Sol.

If you are thinking of moving to Spain, especially Andalusia, there is no better time than now. If you are ready to make your dream of owning a Spanish home a reality, contact our local real estate experts who are perfectly positioned to help you find the Spanish home of your dreams.

6. High demand (started now)

Thanks to culture, leisure, climate, gastronomy and provincial people, the housing market has been growing and will continue to grow, especially the market dedicated to tourism and luxury housing. The reactivation of the property market in this part of Spain is already a fact and customers are happy to buy a house where they can enjoy all that the wonderful Costa Del Sol has to offer.

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