Costa del Sol is a world-famous stretch of coastline in southern Spain's Andalusia region, running along the Mediterranean Sea from Málaga to Gibraltar.
Costa del Sol is world famous as the "Sun Coast," with a year-round warm sunny climate, miles of sandy golden beaches, a great selection of golf courses, luxury marinas for the wealthy, and a truly cosmopolitan lifestyle.
Popular cities and towns where buyers look for luxury properties as personal use or investments along the Costa del Sol include Marbella, Estepona, Fuengirola, Benalmádena, Torremolinos, and Málaga City.
"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.
A $1M home might be "cheap" compared to others at $2M that are located in Costa del Sol, but the price difference for what seems to be very similar properties could be for a wide range of reasons.
If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.
In emerging luxury markets luxury could be listed as undervalued in relation to future expectations, for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.
Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.
Properties bought below market value in luxury areas, such as Costa del Sol property listings for sale by owner especially when looking at cheap Costa del Sol real estate listings by owner which can be cheaper than listed via an agent, can often see strong appreciation if buying below market value.
Economic or political fluctuations can temporarily depress prices, allowing investors to acquire premium assets at a cheaper rate.
FEATURED Spain LISTING
Location : Orihuela, Alicante
Property Type: VillaProperty Terms: For SaleLocal Currency Price: Price in USD: $310,000
Costa del Sol generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Costa del Sol is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Spain
