When it comes to the economy in Spain we have become accustomed to the prospect of bad news in recent years. However, believe it or not, times are changing; local governments, businesses and residents can all finally breathe a welcomed sigh of relief as the national economy has returned to growth this year and regions such as Andalucía are leading the way. The expected growth in the economy, along with the accompanying drop in unemployment and rise in construction activity, will give the Málaga region a boost in more ways than one with investment flows helping to produce a net increase of 2% in GDP. At Altavista Property we are more than happy with the recent news, which is the product of a number of factors. The high tourism figures over the summer were a major contributor. With areas such as Marbella growing in popularity year-on-year and drawing more and more visitors to its luxurious beach clubs and yacht marinas, it is still one of the ultimate hotspots in Europe. Thanks to media coverage, the glorious dependable sunshine and a host of quality hotels and restaurants on offer, there’s no wonder thousands flocked to areas such as the Costa del Sol during summer 2014. With the increased visitor numbers, local businesses flourished, and real estate agents were busy dealing with a strong rise in demand for Marbella homes. Both sales and rentals grew, heralding a sustained recovery in the property sector. New business start-ups evolved alongside the further development of projects such as the Málaga Science Park, which is becoming a regional high tech hub with international connections. With much more than just the beach attracting a growing number of tourists, developers and buyers, everyone seems to be enjoying the Costa del Sol and Marbella once more. Andalucía is growing and it is time to get involved, so don’t miss out on an exciting opportunity. At Altavista Property we have a top selection of properties from throughout the region to suit all tastes – contact us today for further information.
Above Average Growth Predicted for Málaga Province in 2015