CONTENTS: INTRODUCTION - ESTEPONA, COSTA DEL SOL - MARBELLA, COSTA DEL SOL - FUENGIROLA, COSTA DEL SOL - MIJAS - BENALMADENA - TORREMOLINOS, COSTA DEL SOL - MALAGA, COSTA DEL SOL - NERJA, COSTA DEL SOL - BARCELONA, COSTA BRAVA - BLANES, COSTA BRAVA - LLORET DE MAR, COSTA BRAVA - TOSSA DE MAR, COSTA BRAVA - ALMERIA, COSTA DE ALMERIA - ROQUETAS DE MAR, COSTA DE ALMERIA - SALOU, COSTA DORADA - MIAMI PLAYA, COSTA DORADA - CADIZ, COSTA DE LA LUZ - ISLANTILLA, COSTA DE LA LUZ - A CORUNA, GALICIA - SANTANDER, CANTABRIA - SAN SEBASTIAN, BASQUE COUNTRY - JAVEA, COSTA BLANCA - GANDIA, COSTA BLANCA - BENIDORM, COSTA BLANCA - ALICANTE, COSTA BLANCA - TORREVIEJA, COSTA BLANCA - LA MANGA, COSTA BLANCA - ORIHUELA COSTA, COSTA BLANCA - PALMA, MAJORCA - MAGALUF, MAJORCA - ALCUDIA, MAJORCA - MAHON, MENORCA - LOS DELFINES, MENORCA - IBIZA TOWN, IBIZA - SAN ANTONIO, IBIZA - PLAYA D’EN BOSSA, IBIZA - PLAYA DE LAS AMERICAS, TENERIFE - PUERTO DE LA CRUZ, TENERIFE - LOS GIGANTES, TENERIFE - LOS CRISTIANOS, TENERIFE - COSTA DEL SILENCIO, TENERIFE - CALETA DE FUSTE, FUERTEVENTURA - LAS PALMAS, GRAN CANARIA - PLAYA DEL INGLES, GRAN CANARIA - PUERTO DEL CARMEN, LANZAROTE - PLAYA BLANCA, LANZAROTE - LA PALMA, CANARY ISLANDS - LA GOMERA, CANARY ISLANDS - GRANADA, ANDALUSIA - VALENCIA -
| Area: | MALAGA, COSTA DEL SOL | |||||||||||||||||||||
| Investor Profile: | Retirement, Worker, Holiday, Business | |||||||||||||||||||||
| Category: | C | |||||||||||||||||||||
| Population: | Total | British | ||||||||||||||||||||
| 540,000 | 6,000 | |||||||||||||||||||||
| Climate: | Hours of Sunshine Per Day in Summer | Days of Rain Per Year | Average Spring Air Temp. | Average Summer Air Temp. | Average Autumn Air Temp. | Average Winter Air Temp. | Average Water Temp. | |||||||||||||||
| 11 | 45 | 21 | 28 | 24 | 16 | 20 | ||||||||||||||||
| Proximity to: | Airport | Beach | Nearest City | |||||||||||||||||||
| 4 miles (Malaga) | 0.5 miles | Malaga | ||||||||||||||||||||
| Educational facilities: | No. of Universities | No. of International Schools | No. of Private Schools | |||||||||||||||||||
| 1 | 3 | 9 | ||||||||||||||||||||
| Health services: | No. of Public Hospitals | No. of Private Hospitals | No. of Private Clinics | |||||||||||||||||||
| 5 | 0 | 2 | ||||||||||||||||||||
| Shopping: | No. of Shopping Centres | No. of Markets | ||||||||||||||||||||
| 5 | 2 | |||||||||||||||||||||
| Restaurants and bars: | Most restaurants offer Spanish cuisine. In the east of the city fried fish, the local speciality, is widely available. Many tapas bars in the old town. | |||||||||||||||||||||
| Sports and leisure facilities: | Jose Maria Martin Carpena sports pavilion in west end. Rosaleda football stadium in the north of the city. 2 sailing clubs. 2 golf courses on city outskirts. Summer fair at beginning of August. Annual cinema and jazz festivals. Opera, jazz and classical concerts at Cervantes Theatre in old town throughout the year. Alameda Park botanical garden. 2 further botanical gardens on city outskirts. Choice of multi-screen cinemas and smaller cinemas. | |||||||||||||||||||||
| Transport: | Public Transport | Roads | ||||||||||||||||||||
| 40 bus routes across the city. RENFE train services from Esplanada de la Estacion. | N-340 from Almeria, Cadiz and Estepona. A-92 and N-331 from Granada and Seville. | |||||||||||||||||||||
| Crime rate: | High | |||||||||||||||||||||
| Main types of employment | Varied, but particularly in technological industry. | |||||||||||||||||||||
| Future plans: | Large congress centre. New museum, shopping centre, auditorium and leisure complex near port. New road developments- new ring road around north and west of city and new access to airport. | |||||||||||||||||||||
| Yield range | 3.8% - 4.5% | |||||||||||||||||||||
| Type of property | Entry Price | Rent- School Holiday Peak | Rent- Peak | Rent- Off Peak | Average Annual Yield | |||||||||||||||||
| 2 bed apartment | 91,122 | 178 | 142 | 85 | 4.5% | |||||||||||||||||
| 3 bed apartment | 113903 | 214 | 171 | 103 | 4.3% | |||||||||||||||||
| 3 bed townhouse | 170854 | 285 | 228 | 137 | 3.8% | |||||||||||||||||
| Villa | 200468 | 374 | 299 | 179 | 4.3% | |||||||||||||||||
| Demand for letting | School Holiday Peak | Peak | Off peak | |||||||||||||||||||
| High | High | High | ||||||||||||||||||||
| Finance and leisure scores: | Total (out of 10) | Financial (out of 5) | Leisure (out of 5) | |||||||||||||||||||
| 6 | 2 | 4 | ||||||||||||||||||||
| Flights scheduled from: | Gatwick, Heathrow, London City, Luton, Stansted, Bristol, Cardiff, Exeter, Newquay, Plymouth, Bournemouth, Southampton, Birmingham, East Midlands, Humberside, Newcastle, Teesside, Blackpool, Isle of Man, Liverpool, Manchester, Aberdeen, Edinburgh, Glasgow, Inverness, Belfast City, Belfast International, Derry, Cork, Dublin, Guernsey, Jersey, Norwich, Leeds/Bradford | |||||||||||||||||||||
| Typical cost of flights: | School Holiday Peak | Peak | Off Peak | |||||||||||||||||||
| £201-320 | £149-237 | £112-178 | ||||||||||||||||||||
| Operators: | Monarch, Swiss International, BA, Air France, Excel Airways, Futura, Thomas Cook, Astraeus, Air 2000, My Travel, Easyjet | |||||||||||||||||||||
| Description: | Malaga is the 5th largest city in Spain. A Moorish history is evident, in particular the Alcazaba fortress and the Gibralfaro castle. The old town has narrow streets surrounding the cathedral and can prove to be an interesting walk. The modern part of town has the bus and railway station and is west of Guadalmedina river. It has a busy port which keeps employment levels high and therefore tenant demand high throughout the year. It has a less crowded beach than other parts of the coast as most holidaymakers choose the more built up resorts. The majority of residents are Spanish but the British population has increased at a greater rate than most other areas. The university and science park in the Teatinos district is in the west of city and there are several exclusive residential areas - Colonia de Santa Ines and Puerto de la Torre behind Teatinos district which have been quite popular with the British. Cerrado de Calderon, Limonar, Malagueta and Pedregalejo are east of the city centre which have also been quite popular. The property market in Malaga is a stable one due to longer-term residences compared with other coastal resorts. The market is made up of mostly apartments - houses tend to be limited top exclusive areas. Property is cheaper than other parts of coast, except for the exclusive areas – its just a matter of time before these cheaper properties catch up so there is plenty of scope for capital growth. Prices have gradually risen in past few years and demand is high for most of the year due to a large university population. | |||||||||||||||||||||
| Hot Website: | http://www.malagaturismo.com/menus/eng/marco.htm | |||||||||||||||||||||
| Estate Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| Andalucia Real Estate | No address | Tel: 0034 653.61.96.96 Fax: 0034 952 174443 | http://www.andaluciarealestate.com/ | |||||||||||||||||||
| Alcoba Cabello | Avda. VIbar Tellez 39, 29770 Velez Malaga, Malaga, Spain | Tel: 0034 9 52 50 24 45 Fax: 0034 9 52 50 12 62 | Not disclosed | |||||||||||||||||||
| UNIVERSAL REAL ESTATE | Avda. Palma de Mallorca, 27 | Not disclosed | info@inmo-universal.com | |||||||||||||||||||
| EL CONGRESO REAL ESTATE | Pedro Campos Edif. Congreso, 1 A | Tel 0034 952 384 183 | Not disclosed | |||||||||||||||||||
| Letting Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| Country Properties S.A. | Plaza Almijara, Competa Malaga | tel: 0034 952516178 | website: http://www.countryproperties.net email: sales@countryproperties.net | |||||||||||||||||||
| mab costa del sol | apdo 121 MALAGA | tel: 0034 666 06 60 50 | email: ysl@ole.com | |||||||||||||||||||
| COSTA DEL SOL Online Properties | Avenida de la Constitucion 37 Edificio Gavilan # 9 Malaga | tel: (0034) 952 563 021 fax: (0034) 952 575 464 | website: http://www.findahomeinspain email: info@findahomeinspain.com.com | |||||||||||||||||||
| Villas Sayalonga SL | C/Calvario s/n Sayalonga/Malaga | tel: 0034 952 53 50 43 | email: info@villasaya.com | |||||||||||||||||||