The Costa del Sol has reigned supreme in the world of tourism for over 70 years, and it’s not difficult to understand why. Whether it’s for living, holidaying, or investing; the rich culture, family-focused lifestyle and of course, the incredible 325 days of beautiful Mediterranean sunshine – make this a perfect place for buying a holiday home.
Whilst the landscape of this prestigious coastline may have changed over the years, the area remains one of the most sought-after and popular destinations in Europe.
With the controversial Wealth Tax (Impuesto Extraordinario sobre el Patrimonio) in Andalucía coming to an end in the Autumn of 2022, buying a holiday home on the Costa del Sol has now become significantly more attractive and easier to prospective buyers. This puts Andalucía firmly on the map as one of the regions with the lowest tax rates in all of Spain, on par with Madrid.
An estimated 9.8 million tourists visited Andalucía in 2022 – an incredibly strong figure in what was expected to be another year of recovery after the pandemic. Pre-pandemic, in 2019, visitor numbers reached a huge 12 million, further bolstering Andalucía’s strength as one of the most popular holiday destinations in Europe. With such a diverse range of offerings from each coastal resort, whether its Marbella, Estepona, Mijas, Fuengirola or Benalmadena, there is truly something for everyone and every budget on the Costa del Sol.
This resilient nature of the Costa del Sol means that even if you’re not planning to make a permanent move to Spain, you can still enjoy earning a strong rental income on your property when you’re out of the country. Gross rental returns in some areas of the Costa del Sol can reach up to 10% on short term rentals, and with the demand for rental properties far exceeding the supply, rental prices continue to surge year after year.
When we say that there is something for everyone here on the Costa del Sol, we mean it. The variety of properties available throughout the towns and villages on the Costa del Sol is vast. From traditional Andalucian-styled white-washed townhouses to ultra-contemporary villas and penthouses, there’s something to suit all tastes and requirements for a permanent home or holiday home on the Costa del Sol.
If you’re thinking about buying a holiday home on the Costa del Sol, look no further than Propertissimo, your real real estate agency.
Every property you browse through on our website has been visited by our team, where we have established direct contact and contract with the vendor. This means that we know every property in and out, as well as the sellers and their motivations for selling, allowing us to simplify and make the buying process a breeze.
Before you even leave for Spain to begin your property search, we carefully consider and handpick suitable properties, to arrange the best possible collection of homes for you to view when you arrive. We’ll help get you started from the very first handshake, to the signature on the dotted line.
With offices all along the Costa del Sol – in Estepona, Fuengirola, Benalmadena and Nerja – our highly skilled team of real estate professionals are dedicated to finding the right location, and home, for you. Unlike others, we thrive on your satisfaction, rather than the closing of just another deal, so you can be assured that you’re in the right hands with Propertissimo.
To start your search for a holiday home on the Costa del Sol, just get in touch with us.
12 January, 2023
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