There is no person in the world who has not heard about Andalusia, as well as no investor who did not consider real estate in the area as a profitable investment. Villas for sale in Andalusia plunge in popularity among international businessmen. Thinking about investing in real estate in Spain or coming here for permanent stay, have a look at this incredible region.
Current situation of the real estate market in Andalusia
The latter movements of the real estate market prove its stability and confidence. Andalusia gets more attention than any other region of Spain, attracting visitors from every corner of the world. According to the National Institute of Statistics (INE), for the entire year there were 1,967,109 real estate transactions in the country, of which 338,506 were in Andalusia – the most significant share in the whole country. Buying activity in the southern region jumped by as much as 15.6% during the corresponding period.
Foreign demand on the Andalusian real estate
According to various sources, Andalusia is among the top 5 most popular regions for foreigners to buy property. The proportion of the latter here reaches 13%. Above are only the Canary Islands and the Balearic Islands, Valencia and Murcia.
As stated in his report of the College of Spanish property registrars, most real estate in Andalusia buy the following representatives:
- the British (18.62% of all deals with foreigners in the region),
- the French (9.39%),
- the Germans (7.25%),
- the Belgians (6.90%),
- the Italians (6.13%).
Speaking about the motives and goals of people buying real estate in Andalusia, most of them mention the high quality of life. There is no surprise, as foreigners come to a European country to experience the resort atmosphere, peaceful surroundings, and a new way of living.
Real estate objects for sale in Andalusia
Investment in real estate in any area should be reasonable and elaborate. In Andalusia the most popular among foreigners are apartments with two or three bedrooms, with a terrace and sea views, good infrastructure, garden and swimming pool in a closed area of the residential complex.
Good examples of such projects are Sunny Hills in the town of Mijas (Malaga province) and Oasis de Salobreña in Salobrenia (Granada province). Both residential complexes are made in the Mediterranean style. This is the characteristic white walls, a roof with brown tiles, a lot of open terraces and arches in the design of space. All made to ensure that you can feel the traditional flavor of Spanish life.
Both projects are perfect for own residence in the holiday season, as well as for investment purposes – for renting.
1. Sunny Hills in Michas
The residential complex consists of townhouses with a garage, located in an enclosed area with gardens and swimming pools. Each townhouse includes three bedrooms and two bathrooms, one bathroom and a spacious terrace.
2. Oasis de Salobreña
The residential complex includes apartments with one, two, three and four bedrooms and spacious terraces, located in a closed urbanization. There are extensive green areas, swimming pools with waterfalls, children’s playgrounds, gym and spa.
According to Spain-Real.Estate villas of 152 square meters with two bedrooms and two bathrooms are on sale in the region from €880,000. A villa of 70 square meters with three bedrooms and two bathrooms is on the market from €250,000. A villa of 435 square meters with four bedrooms is available from €1,500,000. On the whole, the price greatly depends on the specific location, amenities included, and surrounding infrastructure.
Apartments and villas in Andalusia will suit fans of rough ocean water, windsurfing and other active water sports. It is important to note that this coast is not crowded, and the beaches are very wide and with fine white sand, thanks to which they are annually awarded the “Blue Flag”.
Andalusia is mostly chosen by people with a large budget, because not only the real estate here is high in price, but also the cost of its maintenance, as well as all the infrastructure and entertainment in the cities and urbanizations of the region.