Has the idea of buying a property in another part of the world ever crossed your mind? You are in luck! Below you will learn about the main qualities of living in Malaga, Spain, a city with great quality of life, economic activity and highly recommended for real estate investment.
Málaga is a city and, at the same time, a municipality in the autonomous community of Andalusia, Spain. Malaga is positioned as one of the most interesting destinations on the Costa del Sol, which is why it is currently considered the second most populated city in Andalusia and the sixth most populated city in Spain. The history of this place precedes the current economic boom, since since the 19th century it experienced an accelerated industrial development, which turned it into the first industrialized city in Spain.
The city of Malaga has a population of almost 600,000 inhabitants (last count in January 2020), and its privileged climate has been a determining factor for national and foreign investors from all over the world to allocate part of their wealth in investments within the Andalusian territory.
What is it like to live in Malaga?
Malaga is a highly privileged city for all rhythms of life, whether you want to experience the faster pace of the city or if you want to live in a quiet area near the coast. Given the layout of the city, it is relatively easy and friendly to move to a variety of places vital to your daily life, such as shopping malls, hospitals, supermarkets, cinemas, stores, parks, and even to some of the best beaches in Spain.
In Malaga converge an impressive amount of historical and cultural destinations highly valuable for the residents and tourists of the city, here you can find the mythical Gibralfaro Castle, the Picasso Museum, the Cathedral of the Incarnation of Malaga, the Malaga Museum and the Centre Pompidou of contemporary art, among many other destinations.
The historical legacy, the privileged climate, the high cultural value and the economic projection for the coming years, make Malaga a destination to live unmatched in Spain and Europe .
Top 3 areas and neighborhoods that you must know if you want to live in Malaga
El Limonar
It may be the most exclusive neighborhood to live in all of Malaga. Here you will find a wide variety of renowned educational centers, which are ideal for families looking for the best education for their children in the area. Like the capital, the Limonar neighborhood began to take on great importance during the nineteenth century and the rise of industrial and economic activity. The wide streets protected by the pleasant shade of tall trees, make a stroll through the area one of the favorite activities of all the inhabitants of El Limonar .
La Malagueta
Considered by many people as one of the most sought-after neighborhoods to live in, this area has an important volume of services and entertainment points, as well as high impact economic activities. Here you will find the Historic Center and a wide range of restaurants, markets and shops. La Malagueta is positioned as a reference of the lifestyle that can be had in the Costa del Sol, since here the gastronomic experience has a strong load of Mediterranean culture that embraces the area.
La Misericordia
Several local and international media have named La Misericordia as the next most important “smart neighborhood” in Malaga. This is because the local government has invested a significant budget to better integrate innovative electrical infrastructure. The project officially called Smart City is an international initiative that has been developed in 6 countries around the world and La Misericordia is the only one in Spain. In addition to the great environmental effort, the area stands out for having restaurants and points of interest ideal for young people, as well as beautiful beaches and imposing buildings.
How to buy a house in Malaga if you are a foreigner?
We previously told you about the Golden Visa and all the necessary process to obtain this document when investing in real estate in Spain. In short, buying a property in Malaga, or in any other city in Spain, today has become an extremely simple process with the help of our real estate consultants.
The Golden Visa is a permit that allows foreign investors to reside anywhere in Spain, as well as free transit through the 26 countries that are part of the Schengen area. To be a sight creditor it is essential to invest at least €500,000 net in real estate or to invest more than €1,000,000 in Spanish companies.
In this scenario, it is highly attractive to buy a house in Malaga as the economic and social development projects important returns for the future.
3 reasons to live in malaga
Privileged climate all year round.
The Costa del Sol stands out for having one of the best climates in the world throughout the year. In Malaga you will find the best views of the Mediterranean Sea, in addition, its geographical location protected by mountains, achieve much less cold winters.
2. Unique gastronomic offer
Spanish gastronomy is one of the most valuable and desired by the whole world and, in combination with the Mediterranean cultural currents, makes the food in this place a reference for lifestyle that you will not find anywhere else in the world.
3. Community and entertainment
Malaga is a city known for the joy and friendliness of its community. Here you will be able to practice golf, tennis, soccer and many other activities thanks to the infrastructure and services offered in the area. In Malaga the party and the celebration take on a new meaning that you will fall in love with.
We hope this information will be of great help for you to invest wisely in the area. If you need personalized assistance contact us the consultants at Nolab are available to answer all your questions.
