Forget ‘The British are coming’. US interest in the Spanish propert market is on the rise.
The health crisis and the complex political situation in the United States has increased the interest of the North American market in Spain. Malaga was recently nameed by Forbes USA magazine as one of the 20 best cities to live, invest and work in Europe. The article highlighted several criteria including quality of life, sustainable luxury construction, presence of a large foreign community, international education and schools, low crime rates and optimal connectivity for working remotely.
In Malaga province, the ‘Golden Triangle’ of Marbella, Estepona and Benahavis provide the most sought after locations. It is also proving popular with North Americans looking for a primary residence, a fact underlined by luxury developer BRIGHT reporting that up to 15% of client requests come from the United States.
BRIGHT recently sold Marbella’s first luxury passive house, Villa Alcuzcuz, to a US investor, and notes that American clients are looking for reliable investment opportunities, modern construction qualities and a sustainable lifestyle with good connections. BRIGHT’s current project Vista Lago Residences (above) , a complex of 18 luxury villas in the Real de La Quinta country club, bordering a UNESCO biosphere reserve fulfils this criteria.
In an uncertain global political climate, southern Spain is once again proving a popular investment opportunity.