"The arrival of numerous tech companies and start-ups has given the city a real estate boost".
One of the most talked about projects in the last year in Andalusia and, specifically in Malaga, has been 'Sierra Blanca Tower': average prices of the properties at 1.3 million and almost all of them sold. As it was called at the time, 'the tower that touches the sky'.
With a total investment of close to 75 million euros, Sierra Blanca Estates expects its first residential project in the city of Málaga to see the light of day in June 2023, with a market value of 100 million euros. It is a fact that Malaga is growing fast and few economic players doubt that its mayor has managed to turn the city into the home of important technology companies, startups and new economy firms that have transformed the city: expectations are clearly on the rise.
Among the buyers of these homes are almost 50% international buyers, but also local buyers, successful businessmen from the city who want to improve their homes and buyers from other regions of Spain who want to invest. And they are doing so in a capital with a very clear future, which is becoming the great pole of attraction in southern Europe.
From the Operations Department of DEXTERÁngel García points out that "An increasing percentage of these luxury developments are being financed with private capital, at least in some of their tranches, mainly the initial, start-up phase. Our experience tells us that the trend will increase. Especially in winning, successful projects. And the Costa del Sol has many projects underway to which our company is contributing capital, with investment funds: people are looking for the sun, the beach, the quality of life, the gastronomy, the international atmosphere... all the ingredients associated with luxury and lifestyle".concludes the company's executive.
The arrival of numerous technology companies and start-ups has given the city a real estate boost, which could be boosted if Malaga's candidacy to host Expo 2027 goes ahead in June 2023, an initiative that already has the backing of the central government and the Junta de Andalucía. In addition to Sierra Blanca Tower. This support has been made public with the placement of two huge tarpaulins in support of the candidacy, covering the main façade and the west façade of the tower.
