Palmera, Malaga
- Properties From $432,000
- Tenure: Freehold
- Estimated Rental Return: 6%
- Completion: Q1 2025
- Malaga is one of the key cities in terms of house price appreciation, according to the Global Residential Cities Index report, prepared by Knight Frank, which analyses trends in the main housing markets in 150 cities around the world.
- Both local and international buyers are drawn to Malaga, leading to a shortage of available properties.
- The city ranks as a must-see destination for the Rough Guides, Frommer’s, the Telegraph and the Guardian. According to Frommer’s, Malaga “is a great option for travellers who want to enjoy the cultural offerings of a vibrant city”.
- Compared to other popular tourist destinations in Europe, property prices in Malaga are relatively low, making it an affordable investment option.
- In 2023 tourism income reached over $9 billion in the Costa del Sol.
The Resort
The Palmera resort is located in a natural environment in the heart of the Costa del Sol with tropical vegetation with stunning views of the ocean and the Sierra Bermej mountain range. It is near the Calanova Golf Club and a few minutes by car from the beach of La Cala de Mijas. Malaga International Airport is just 20 minutes away.
The development consists of large 2 and 3 bedroom apartment each with either a terrace, balcony or roof terrace. All units come with a parking space and storage unit.
Communal facilities in the resort include a gym, swimming pools and green spaces.
Why Spain?
- 87 million visitors per year
- 300 days of sunshine
- Low cost of living
Spain is considered one of the most attractive countries for real estate investments in Europe. In Spain, the demand for rental properties has increased by more than 10% year on year. An expanding market offers many advantages, such as a large number of potential customers, as well as less intense competition. According to a report published by the Central Bank of Spain in 2022, properties can expect a return of + 11.2%. The good news for international real estate cash-buyers: it should be easier to find properties as interest rates are rising. In 2019 (prior to Covid) Spain was the second most visited country in the world with 83.7 million visitors. Some of the worlds biggest REITs have turned their attention to developing luxury homes on the Costa del Sol due to the high ROI.
Est. Returns:
- From $36,624 per annum
Location
Palmera is located in Rincón de la Victoria, which is outside the hustle and bustle of the Costa del Sol but close to everything you need. It is 20 minutes from the center of Malaga and 20 minutes to Malaga International Airport.
The development has easy access to beaches, including Rincón de la Victoria, Bengalbón, Benajarafe, and Cala del Moral.
For those who want to escape the beach, the reservoir of La Viñuela is ideal for canoeing and swimming in its turquoise waters.
Palmera is less than 20 minutes from Malaga International Airport thanks to its privileged access to the A-7.
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