Invest in Malaga - The Cradle of Picasso

Malaga is one of Spain's most popular cities for real estate and property investment. The birthplace of Picasso and the of Capital of Costa del Sol it is the number five city in Spain, alluring a huge number of tourists every year.

Be sure of a pleasant and sunny climate if you are considering owning a property in this city. Its proximity to the Mediterranean and series of hills and high mountains ensure mild climate and around 320 days of sunshine. The temperature in summers does not go higher than 30°C, in winters remains around 20°C during the day and around 10°C during the night.

A well-developed transportation system renders Malaga a good property proposition. The Malaga Airport caters to around 12 million passengers per annum. The rail, bus and motorway networks are also well-developed. Previously considered as gateway to the Costa del Sol region it is now a destination in itself.

Malaga was founded 3000 years ago by the Phoenician traders and is now a significant port and industrial city. The city was ruled by Carthaginians, Romans and the Moors and manifests its history in many architectural remnants of different eras. The landmarks of the city are the Alcazaba fortification & Gibralfaro castle, Roman theatre, the Cathedral and the Arabic Bazaar at the roofless walls of an ancient mosque. The pride of the city -the house of Picasso in Plaza de Mercad shows archives of his life and art.

Life can never be dull here. The festivities make the Spanish cities centers of fun and joy. Malaga also has its share of festivities. Among the many city events the Easter week is celebrated with processions starting near cathedral. On the 24th of June every year in the "Las Hogueras de San Juan" (Bonfires/Feast of St. John) effigies are burnt in bonfire along with dances and oodles of drinks and food. There are many more events and festivities round the year.

The ever-progressive city of Malaga should be a wise choice for property investment. The average rates of the different kinds of properties like apartments, villas fincas, etc. vary according to the location and number of bedrooms. A one-bedroom property on an average will be priced at € 177,434 app., a three bedroom € 421,776 app. and 5-bedroom € 774,865 app. The actual price of acquiring property will be slightly higher as 12-15 % charges will have to be incurred as legal expenses like taxes and fees. Choose and own from various properties available in Malaga and be part of this ever growing city of Picasso.

Back 15.04.2006.