Property for Sale in Malaga City: The Complete Guide for Foreigners
Buying property in Malaga City is a great investment opportunity. The city, by the Costa del Sol, offers Mediterranean beauty, city life, and rich cultural heritage. Owning a property here in this busy Spanish city provides an amazing investment and one you can enjoy long-term through Spain’s Golden Visa program.
The Spanish property market has had its fluctuations, but Malaga is strong and growing. It has a lively real estate market because of interest from buyers around the world. This guide will help you understand Malaga’s property market, what makes it special, and the important steps to buy a home here.
Why Invest in Malaga City?
See why Malaga is so popular:
Can Foreigners Buy Property in Malaga City?
There are no Malaga laws that forbid foreigners from buying a house or apartment. In fact, Spain itself encourages foreign investors to buy real estate through programs like the Golden Visa, whereby property buyers are granted residence permits, renewable in cases of meeting minimum purchase prices.
Malaga’s real estate market is easy to reach and straightforward to international investors. Brits love it because of the rich culture that surrounds the place, relatively affordable property prices, and an opportunity to enjoy famous Spanish food and their way of life.
It is normally an uncomplicated process, yet there are some matters to consider. Getting a mortgage, for instance, may require both a Spanish bank account and an increased deposit in comparison to the natives. However, these issues can easily be managed with good assistance and planning.
Looking for Houses in Malaga
From historic townhouses in the Old Town to sleek, modern apartments commanding a view over the port, Malaga has all types of properties. Finding the right property in Malaga is easy, especially considering all the real estate portals and agents operating in retirement, investment, and relocation.
Some preferred websites for property searching are:
International buyers are best suited working with local estate agents who have experience in serving foreigners. Such agents’ services include local market knowledge and handling of issues as they arise.
However, just like in any property purchase, it is always desirable to personally view the property to ensure that it meets your expectations.
