5 Reasons Why Many Wealthy People Settle in Costa del Sol

5 Reasons Why Many Wealthy People Settle in Costa del Sol

If you are a person among the wealthy population, a move to Costa del Sol is something you should be thinking about. The current situation surrounding the property market on the Costa del Sol is getting better day after day, with prices starting to experience a steady rise. Investing in property now could see you achieve your dream home for a price lower than you may think. This article covers some of the top five reasons why a move to the Costa del Sol is an excellent investment for you and because many retirees want to retire in Malaga.

The Location

Costa del Sol is placed in an ideal location in the beautiful Andalucía region. Near Costa del Sol are two international airports that will make travel more accessible and efficient. Additionally, there are well-developed road links that link Costa del Sol to sunny beaches, towns, major cities and popular resorts. There are also good rail links to the inland areas and high-speed train links to major cities such as Barcelona and Madrid. Costa del Sol hosts more than 50 golf courses and amazing natural parks and mountains that provide hiking and skiing sports. Costa del Sol and Malaga are the number one destinations in Spain for wealthy people around Europe.

Suitable for the Whole Family

Costa del Sol and Malaga is a great place to be regardless of your age and family setup. Families will enjoy taking their children to good state schools that offer Spanish education and privately-owned international schools that use the English curriculum. Malaga and Costa del Sol provide abundant leisure activities for all age groups, including great theme parks and sports clubs. Spain offers a very conducive environment for children to enjoy and play outside and boasts as one of the safest places for adults who want to enjoy the nightlife. During the weekend, bars, cafes, and restaurants are full of families until the morning's wee hours, which provides a great avenue for you, your family, and friends to have fun.

Safe Investment

Property price in Malaga and Costa del Sol is considerably lower than what it was 15 years ago, and that is because of the harsh economic times being experienced. But in the past 15 months, the trend has changed with a significant increase in property prices, which is a wake-up call for those who want to invest. An investment on the Costa del Sol and Malaga is a safe investment for wealthy people who want to buy a home in Spain and properties that can be rented all year round. The fact that the Costa del Sol area is the top holiday destination for many Europeans means that your pocket will never run dry when you invest in holiday homes.

Cost of Living

In recent months, Costa del Sol has proven to be a great place to live because the Pound has been performing adequately well against the Euro. Hence, monthly bills such as electricity tariffs, public transport, food and local taxes are much cheaper than in other parts of Europe. Additionally, is it less expensive to dine with a three-course meal available from as low as eight Euros. With many traditional settlements being of villagers, going out for drinks is cheaper, and you get to receive more considerable measure with free tepas.

Value for Your Money

In Malaga and Costa del Sol, many promotions exist for bank repossessions that provide excellent value for money. Some of the repossessions are readily available but should cautiously be approached before deciding which one to take. Additionally, Costa del Sol banks are at the forefront of providing mortgage plans present in great deals. Many regions across Malaga and Costa del Sol are affordable compared to many UK regions. Thus, having property in these areas means you get more value for your money.

The MySpainVisa.com team of Golden Visa in Spain explains everything you need to know to stay in Spain without the need to reside in the country for a period of time. What you need to do is invest at least one million euros in bank deposits in any Spanish financial institution or invest more than five hundred thousand euros in any form of investment. If you are in the country by legal means at the time of application, you will be spared the procedure of an Investor Visa, which is granted for one year at the Spanish Consulate in the country of origin. In addition, you can apply directly for the residence authorization, which has a duration of up to two years.