Investment hotspots - the best new-build developments in the Costa del Sol
By Chloe Williams
Despite Brexit, Spain has reclaimed its status as a hotspot for British buyers, with the Costa del Sol a firm favourite.
Last year, 30% of homes on Costa del Sol were purchased by foreign buyers, with 16% of the purchases made by British buyers.
Following nearly a decade when practically no residential homes were built as a result of the global financial crisis, construction activity is increasing, and British buyers are flocking to the market to own a slice of it for themselves.
According to Spain's National Statistics Institute, a total of 78,000 new dwellings were granted permits across Spain in 2018, an increase of 23.1% from 2017. New builds made up 17% of property sales with this percentage continuing to grow.
The hardships faced by Spain following the global financial crisis are well in the past. Buyer confidence is back, and developers have returned to the market.
In the Costa del Sol alone, there are currently more than 200 new construction projects going on, which cater for all budgets, from exclusive multi-million-euro villas fit for royalty to affordable golf apartments or townhouses suited to families and retirees.
Here is our insight on the Costa del Sol's best new-build developments:
Best for retirees: Mijas Costa, prices from €300,000
Mijas Costa on the Costa del Sol is a popular spot for Brits seeking a sunny retirement in Spain.
Vitta Nature is a new concept of leisure resort for the future, designed to create a home in the green hills above the Costa del Sol yet with the hustle and bustle of the coast close by.
An exclusive complex of 166 apartments and penthouses, the open green areas have outdoor heated pools, running track, putting green, paddle tennis court and – a first for a new development in this area – an urban orchard where the residents can grow their own veg.
There is also a wellness centre with an indoor pool, a hammam, a sauna and a gym. The low-rise, minimalist flats have terraces overlooking the coast and is a 15-minute walk away from the beach.
Best for golfers: Soul Marbella, prices from €775,000
Situated on Santa Clara golf in one of the most prestigious addresses on the coast of Los Monteros, five minutes from some of the best golden sand beaches on the coast.
Soul Marbella is a luxury resort development of 200 properties that has just been launched in Marbella. It offers a new concept of residence which creates a holistic residential community, with an emphasis on community driven facilities and services including concierge, shared office space, onsite café-bar, central pool, gym, indoor pool and spa.
Situated on an elevated position in the luxury gated community of Santa Clara golf course, Soul Marbella has one of the most prestigious addresses on the coast of Los Monteros.
The properties boast stunning sea and mountain views, with some of the best golden sand beaches on the coast just five minutes away. Also, on the doorstep is beautiful Marbella and its charming old town.
Soul Marbella is one of the only new developments as part of the Marbella Masterplan for approved urban development and offers a very rare opportunity to buy a new build property in Marbella. It offers a choice of individual semi- and detached villas, as well as apartments and penthouses.
Best for families: Alcazaba Lagoon, prices from €265,000
Alcazaba Lagoon is the first man-made lagoon of its kind to be created in Europe by a world leading specialist for the exclusive use of residents at Alcazaba Lagoon.
The four-acre crystal-clear lagoon is designed to give residents a private beach experience with sun deck areas and changing rooms, surrounded by beautiful exotic gardens.
Residents have access to almost all the unpowered water sports in a safe setting including kayaking, paddle boarding, sailing, surfing, windsurfing and kite surfing.
There are an additional three enclosed swimming pool areas as well amongst the grounds for residents to bathe in a safe setting.
Located only five minutes to the coast, the luxury apartments feature traditional interiors with modern fittings and boast private terraces for outdoor dining.
*Chloe Williams is part of The Spanish Estate Agent team
The Spanish Estate Agent
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