IP03

108 // iberian.propery / 2017

dossier// ISSUE: TOP IBERIAN cities

Malaga: the capital

of Costa Del Sol

Considered the economic capital of Andalusia, Malaga is the destination

chosen by an increasing number of investors who recognise boundless

real estate opportunities in the region’s vast tourism potential

Facing the Mediterranean, the city of Malaga

and its province are the great economic driver

of the Andalusian region, based on the strong

momentum of the tourism, agro-foodstuffs, ICT

and transport infrastructure sectors.

Populated by 1.641.098 inhabitants, the prov-

ince of Malaga extends across 7.276 km². The

province’s capital with the same name houses

almost one million people in its metropolitan

area, making it the fifth most populated city in

Spain. This is also one of themost prominent res-

idential tourismdestinations in southern Europe.

Equipped with quality infrastructures, access-

es and an exceptional climate, as well as a

fast-growing economy, this is a propitious

time to invest in Malaga. And this is especial-

ly evident in the real estate sector, not only

due to an increase in the appetite of foreign

investors, but also, and very importantly, to the

changes that have taken place in the profile of

buyers who turn increasingly towards Malaga

as a location to work and live in, and not only

as a tourist destination.

Area:

7.276 km²

Autonomous Region:

Andalusia

Capital:

Malaga

Population:

1.629.298 (2016)

Airport – the third largest

international airport in Spain

GDP per capita:

16.210 € (2013)

Residential stock:

897.400 units (2011)

Nº of companies: 119.512,

ofwhich 13.745 are in the

construction sector and 8.648

in the real estate sector (2017)

source: INE – Instituto Nacional de Estatística