Malaga, a Thriving Tourist City on the Rise
Capital of the province in Malaga – has experienced rapid growth and development in recent years to become the third most visited city in Spain. In turn, this is impacting positively on the investment in the city and the development and refurbishment of property to keep up with demand.
Cultural tourism is at the forefront, thanks to the world-class art galleries, Museo Picasso Málaga, Thyssen Museum and Centro Pompidou, international music and theatre events, including Málaga born Antonio Banderas’s new Teatro Soho theatre and his frequent appearances on stage.
The buzzing social scene of Málaga revolves around Andalusian tapas culture, hopping from bar to bar, taking in classic venues such as EL Pimpi – La Revuelta and Taberna El Siglo, which has a view of the Cathedral.
Trendy boutique hotels with roof top bars, such as the RoomMate Valeria offer a different perspective on this endearing city, while the bars and cafés of the Calle Larios, Plaza de la Constitución and Plaza Merced will welcome you with open arms day and night.
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Muelle Uno & City Centre
The creation of Muelle Uno, the attractive leisure area of the port – a popular area for a Sunday stroll has improved the value of property in the area.
With all this and more, this friendly provincial capital is attracting 1.3 million visitors a year. The city’s popularity as a tourist destination is driving up demand for quality residential and investment properties – and attracting buyers both locally and internationally.
The elegant streets of the historical centre have mostly been pedestrianized, and stunning old buildings have been tastefully refurbished while respecting the facades, and in both the centre. Many of Málaga’s most beloved historical buildings have been lovingly converted into sleek new “loft” style apartments which offer the highest standards of modern Mediterranean city living.
Modern towers of striking apartments and penthouses are appearing in the city and on the beachfront, while in the surrounding suburbs beautiful new builds are offering unprecedented levels of luxury in the Málaga property market.
World Expo 2027 a firm candidate
The city of Málaga is fast positioning itself as a “technopolis”, and centre for remote working, attracting global giants to invest in Málaga – with e.g. Google’s new cyber security centre located in the heart of the city.
Should Málaga be selected as Spain’s candidate for the World Expo 2027, it would impact the local economy by an estimated 2,9 billion and place Málaga firmly on the world stage. Add to this Malaga’s strong cultural identity, evident in the annual Semana Santa processions at Easter and the flamboyant feria in August, and the uniqueness of this city is magnetic.
All of this translates into excellent returns on investment for opting to buy property in Málaga, with excellent tourist rental potential.
Historic Centre
Areas to watch in Málaga include the coveted historic centre, where we can offer everything from loft conversions to whole buildings to renovate. Property is in great demand in the artsy district of Soho, at the entrance to the city centre, while any waterfront properties on the beach side are highly coveted.
El Limonar, north-east of the city centre is the site of several superb new developments displaying urban design adapted to a leisurely, modern Mediterranean lifestyle.
Real Estate Experts in Málaga City
“Málaga has taken such huge strides forward in recent years and is now a thriving, cultural city which happens to also be a great beach destination. You can choose to live in the buzzing centre close to galleries, theatres and café society, chillout by the beach or in a luxurious apartment set back from the city in a new build with sea views. With so many visitors flocking to enjoy time in Málaga, property investment here has great rental potential. We have some excellent off-market properties available in Málaga. To find out more call us on Tel: +34 951 50 20 10.”
Louise Cook-Edwards
Communications Manager