According to statistics from the Official Association of Architects of Malaga, property development in Costa del Sol is going global. Let’s take a look at some of the top thriving property developers on offer:
Luxury villas in Costa del Sol
Looking for a fantastic place to invest in real estate and want to find the best real estate opportunities on the Costa del Sol? The Andalusian region is already leading the forecasts for growth and real estate investment in Spain after the downfall of 2020 and is effectively contributing to the recovery and boost of this sector, which was one of the hardest hit by the economic crisis.
Marbella is traditionally a second home tourist town, and hat many of its current owners have decided to make their second home their primary residence, spending more time in the area.
The Andalusian government has reduced the transfer tax by up to 3%, setting a single general rate of 7%, and has reduced the stamp duty tax from 1.5% to 1.2%, as an interim measure until the end of 2021, with the possibility of extending this reduction in the future.
Inheritance and gift tax was already virtually eliminated in April 2019, making Andalusia one of the most fiscally favourable regional governments in Spain. Important tax reductions are also pending approval by the regional government. These tax cuts will certainly help to boost property sales in the region.
Mortgage interest rates have remained at historic lows. Even those with high purchasing power who buy homes in the area are benefiting from these low rates, as it is more profitable for them to invest their money in their businesses.
Let’s take a look at some of the most promising property developers available in the real estate market of the Costa del Sol:
Solvilla
Solvilla is the acclaimed leading real estate agency on the luxury market in Costa del Sol. Led by CEO and Founder Torgeir Wemmestad – Haaland, Sol Villa has climbed to the top of the heap to become the largest property developer in luxury real estate in the area.
Also working as an advisory company in Marbella, the professional team comprises top-quality architects, project managers and advisors all leading in their respective fields.
Whether you’re in need of a home, holiday villa, or are looking to invest in a property, this is the team for you. At the moment the team is focusing its energies on developing contemporary homes in exclusive areas such as the Golden Mile, Nueva Andalucia and La Quinta.
Properties by Solvilla
Otero
Hailing from Galicia, Otero has climbed the ranks through hard work and professionalism to become another property developer to be reckoned with in Costa del Sol. Interestingly, CEO Ruben Otero calls on the experience of being the third generation of a family of builders.
Otero’s projects include over 3,000 stellar properties that are exclusively designed and built by its team. Also taking on commercial projects, Otero makes sure its clients find the best plot for their project, adapting and taking into account lands characteristics.
They also promise to deliver you the best results and highest quality within the shortest possible time frame.
Bright
Constructing homes that could pass for works of art, Bright is the go-to real estate developer in terms of design. The team of experts is dedicated to the efficient planning, designing, construction, and sales of the most exclusive villas in the Costa del Sol area.
Bright stand out from its competitors in real estate because of its sleek, clean, and timeless design. Their designs ooze that classic sophistication that Marbella is recognised for, combining the technical elements of innovative architectural design.
La Morera Playa
La Morera Playa specialises in the construction of modern one-floor apartments and glossy penthouse suites. They offer property options of duplex penthouses, first-floor apartments, and apartments with a garden.
Offered exclusively by MPDUNNE Hamptons International, La Morera argues having the best location for their properties. They offer the rare opportunity to purchase prime Marbella homes with access to the beach, ocean views, as well as homes in the prestigious area of Los Monteros.
Ocean View Marbella
Led by a world-class team, Ocean View Marbella boasts 44 private residences with access to stunning beach views, that invoke the natural beauty of the authentic Andalusia. The team prides itself on offering a completely bespoke service, making sure their clients are satisfied with every last detail of the project.
Offering apartments and penthouses, Ocean View has advantageously located their properties so that they all benefit from the gorgeous views of the Mediterranean, now who wouldn’t want to wake up to that every day?
The properties are strategically located in a protected natural area of 230 hectares, of which 44 of the residences available are private within a gated community. The apartments on offer provide two and three-bedroom apartments, as well as 10 penthouses, each of coming with its own private pool and rooftop solarium terraces.
Palo Alto
Located in the hills overlooking Marbella, Palo Alto luxury apartments offer a sense of exclusivity and heightened elegance. The area of Palo Alto is located minutes from the town centre, this property developer offers its clients magnificent views of the mountains as well as the glistening ocean views of the Mediterranean.
Found at the foot of the white mountain village of Ojén, the community is home to like-minded business professionals who have come together to live in the most sought-after residence in Marbella.
Palo Alto provides a state of the art gym and spa in the Palo Alto Club.
