Bargain hunting in the Costa del Sol
- Costa del Sol rivals Costa Blanca in attracting budget-conscious buyers (Taylor Wimpey España)
- New Designer Outlet Malaga adds to Costa del Sol’s affordable charms
- Overall picture for Spain is of a “brighter future” (Savills)
Leading Spanish home builder Taylor Wimpey España has flagged up the Costa del Sol as the ideal place for second home bargain hunters. While budget-conscious buyers have traditionally flocked to the Costa Blanca – where townhouses such as those at Kiruna Residencial cost from as little as €178,000 plus VAT for three bedrooms – a number of price reductions are now drawing buyers along the coast to the Costa del Sol instead.
In terms of the big picture, property values in Spain continue to rise, with the latest Tinsa figures showing an increase of 4.2% in the 12 months to September 2019. In Marbella, Knight Frank reports that prices have risen by 23% since the market low in 2012. Savills, meanwhile, points to “an increase in construction activity, growing interest from international buyers and steadily growing prices” to highlight the potential of a brighter future for Spain’s property market.
This positive national picture means that bargains in the Costa del Sol are an even more exciting prospect, as they come with healthy potential for future capital growth.
“The Costa del Sol is an interesting area to buy in right now, as a number of lower price offers mean that buyers can pick up some superb bargains while the market continues to move in a positive direction. Whereas previously we’ve seen budget-conscious buyers heading straight for the Costa Blanca, they’re also now extending their property search along the Costa del Sol.”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
Possibly Spain’s most famous stretch of coastline, and certainly one of its most popular, the Costa del Sol offers everything that holidaymakers are seeking – abundant sunshine, pristine beaches, championship-quality golf courses, waterparks, outstanding cuisine… and all at prices which remain very competitive compared to those of many other European countries.
Spain was the most popular destination in this year’s Ryanair Summer Trends travel survey, with Mallorca, Alicante and Malaga being the most sought-after cities. The Costa del Sol has even caught the attention of Portugal’s most famous footballer this summer, with Cristiano Ronaldo adding a €1.4 million villa in Marbella to his €28 million property portfolio.
For those with slightly more realistic budgets, Taylor Wimpey España offers a wide range of choice, with both off-plan and key-ready homes available. The company’s developments include some stunning golf properties at the prestigious La Cala Golf Resort. Luxurious townhouses at Horizon Golf are available from €360,000 plus VAT for three bedrooms, while those at Natura (three-beds available from €441,750 plus VAT) boast panoramic views of the resort. Both developments include Taylor Wimpey España’s signature blend of lush, landscaped gardens, communal pools and spacious private terraces and/or gardens.
Buyers seeking golf apartments are presented with the stunning properties at Grand View, also at La Cala Golf and also benefitting from communal gardens and pool. Available from €262,000 plus VAT, the apartments are located opposite the club house, next to the popular Asia and America courses. The ‘grand view’ that the name suggests is of the stunning Mijas mountains, as well as the beauty of the golf courses.
For water-babies, the marina-front apartments of Pier at Sotogrande are the natural choice. The private, gated community offers apartments and penthouses, with prices starting at €375,000 plus VAT. Pools and garden areas complement the magnificent views of the marina, while the nearest beach is just 400 metres away.
Andalusia, the region in which the Costa del Sol is located, is hugely popular with visitors from the UK, as well as from a wide range of other countries. They flock to its cities as well as its beaches and the area has a lively shopping scene. Its retail offering was further bolstered this month by the opening of the new Designer Outlet Malaga from McArthurGlen on 22nd October. The chance to save up to 70% on designer fashion brands is yet another draw for the already hugely popular Costa del Sol.
“We’re delighted to see that McArthurGlen chose the Costa del Sol as the optimum location for its first designer outlet mall in Spain. The decision speaks volumes about the potential of the area and once again highlights the vast diversity of attractions that the Costa del Sol has to offer.”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
For more information please contact Taylor Wimpey España today on 08000 121 020 or visit https://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.