The new trend in the city's residential market is the development of multi-family housing projects, an ecological and future-oriented solution that aims to position Malaga among the large international cities.
The residential market is a good indication of all these changes, with the approval of esteemed projects such as Torre del Río, La Termica, Martiricos and Colinas del Limonar, as well as other new projects, namely the future developments of Sanchez Blanca, Santa Rosalia and the former Repsol land plots. These will breathe new life into the city, as they will not only alleviate the demand for quality housing, but also include the construction of large green areas and extensive parks, bringing a larger focus to the city.
Malaga has clearly set its sights to the future, with aspirations to grow into a great city. The new trend in the city's residential market is the development of multi-family housing projects, an ecological and future-oriented solution that aims to position Malaga among the large international cities.
The areas where the residential development is concentrated are Puerto de la Torre-Teatinos, Carretera de Cadiz and the Este district, which stand out for their good transport links and wide variety of services available to residents. In addition to these areas of expansion, the centre and its immediate surrounding areas continue to attract the interest of developers and end buyers.
The rental market, expanding in all major Spanish cities, is not an exception in Malaga. However, this is still a pending matter, as it is still very limited in certain areas due to the expansion of holiday housing. The city requires quality and professional rental housing stock to accommodate a demand that has been growing in recent years.
The government also considers extraordinary measures to meet mortgage or rental payments in cases of economic or social vulnerability.