Valtocado - Fuengirola - Marbella

Malaga, hidden on the south coast of Spain, in the Andalusia region, is a city with a rich history of over 3000 years. This encyclopedia of history is evident in the vast amount of historical sites, from the Roman Theatre to the iconic Alcazaba and also the majestic Malaga Cathedral. In addition, its geographical location, on the shores of the Mediterranean, grants it a pleasant warm climate, inviting to be enjoyed all year round.

Real Estate Market in Malaga

The exclusive property market in Malaga is considered strong and stable, with a rising trend in the demand for luxury houses and apartments that matches its increasing supply. This is attributable to Malaga's political and economic stability, which provides an attractive environment for investment in the real estate industry.

Costs of Buying Luxury Properties

When buying a luxury home in Malaga, several additional costs must be taken into account. These include the Transfer Tax, real estate agent commissions, notary fees and possible legal or building inspection costs. The buyer typically pays a real estate commission that is on average a percentage of the property price, similar to the seller.

Property and Income Taxes

The transfer tax on private property is a percentage of the sale price in Malaga. For private property, a wealth tax is also applied. When selling a private property that is used as a main or second home, taxes must be paid on the gained profits. The percentage of income tax for residents registered in Malaga varies.

Loans and Mortgages for Home Purchase

The mortgage requirements for buying a house in Malaga vary, but generally proof of income is needed. The maximum amount of mortgage that can be obtained on the purchase price also depends on several factors.

Luxury Life in Malaga

Malaga's most expensive neighborhoods, known for their luxury homes, include La Malagueta and El Limonar. The city is easily accessible by roads and railways and is close to national and international airports. The proximity to the vibrant city of Granada is also an additional attraction. Malaga boasts a number of prestigious schools and academic institutions such as the University of Malaga. In Malaga, residents can enjoy a wide selection of luxury shops, spectacular high-quality restaurants and classy nightclubs. Also, recurring cultural events and famous local art museums, such as the Picasso Museum and the Carmen Thyssen Museum, can be enjoyed.

Quality of Life in Malaga

With a population of over half a million inhabitants, Malaga offers a fabulous environment in terms of outdoor living. The beauty of its beaches, the mountain range, and natural parks, such as the Montes de Malaga Natural Park, make it a dream place to live. Malaga's Mediterranean climate, with its mild winters and hot summers, further enhances its charm. The public services and infrastructure in Malaga are of high quality. The city has modern hospitals and clinics, high-level educational institutions, and its location in the province of Malaga in Andalusia, remains a safe stronghold for those seeking a luxury lifestyle in southern Spain.