Foreign buyers continue to fuel the property boom on the Costa del Sol
Some statistics may be surprising, but they are solid and show revealing trends. This past summer we learned that 9 out of every 10 new residents in Malaga are foreigners: it is the Andalusian province where the population has grown the most in the last year, and this is the determining factor.
More inhabitants tend to lead to more GDP. And vice versa. The booming economic activity is undoubtedly a reason for attracting new residents who come to work, to settle with their families and to set up businesses. Gone are the days (trapped in clichés) when English or Germans or Europeans in general came to the Costa del Sol simply to enjoy their retirement years.
Malaga has gone in just 12 months from 1.735 million residents to 1.762 million, according to figures from the National Institute of Statistics. In this sense, the words of the Director of the Risk Analysis Department at DEXTERJosé Enrique Chasserot: "There is a fundamental part, when we analyse the viability of a development, which is, of course, the sales force, the sales capacity. In this sense, when we look at the profile of the end client, and we even see the pre-sales or reservations that are made before a project is executed, we observe the age of these foreign buyers (which has dropped considerably), and in this sense they are clearly people who come to the Costa del Sol to live, to work, to create wealth, not as in the past, mainly with retirement plans".concludes Chasserot.
Foreign buyers continue to fuel the property boom on the Costa del Sol
Some statistics may be surprising, but they are solid and show revealing trends. This past summer we learned that 9 out of every 10 new residents in Malaga are foreigners: it is the Andalusian province where the population has grown the most in the last year, and this is the determining factor.
More inhabitants tend to lead to more GDP. And vice versa. The booming economic activity is undoubtedly a reason for attracting new residents who move here to work, to settle with their families and to set up businesses. Gone are the days (trapped in clichés) when English or Germans or Europeans in general came to the Costa del Sol simply to enjoy their retirement years.
Malaga has gone from 1.735 million residents to 1.762 million in just 12 months, according to figures from the National Institute of Statistics. In this sense, the words of José Enrique Chasserot, Director of DEXTER's Risk Analysis Department, are very significant: "There is a fundamental part, when we analyse the viability of a development, which is, of course, the sales force, the sales capacity. In this sense, when we look at the profile of the end client, and we even see the pre-sales or reservations that are made before a project is executed, we observe the age of these foreign buyers (which has dropped considerably), and in this sense they are clearly people who come to the Costa del Sol to live, to work, to create wealth, not as in the past, basically with retirement plans," concludes Chasserot.
