The resuscitation of the Spanish real estate market, observed since 2013 and consolidated since 2015, has been largely the result of foreign investment. Although Spanish buyers are also highly present in the main tourist areas of the country, international investors have strengthened their positions in several key markets. Thus, Costa del Sol (Malaga) and Costa Tropical (Granada) are notable for the strong presence of foreign property owners. Now the question is, what are the nationalities of the investors who are interested in both destinations?
Costa del Sol is one of the top Spanish tourist destinations with a higher percentage of foreign investors who come over to buy a property. Different estimates state that more than 50% of the properties of the Malaga coast are in the hands of international owners (some sources claim this figure is even higher). Among the main reasons for this trend are historical and economic reasons. It should not be forgotten that Costa del Sol was one of the first to gain external visibility when the Spanish economy soared in the 60s. As for financial motivations, the area remains comparatively more affordable than other southern regions in Europe.
The most present nationality on the coast of Malaga remains the British, confirming that 'Brexit' has not yet affected the purchasing power of visitors arriving from the British Isles. The exchange rate still benefits the pound sterling in spite of its fall since London started the procedures to leave the European Union. They are a loyal group, with strong roots in the area and with properties that have been in the hands of the same family for several decades.