The arrival of the economic worldwide recession in 2008 had a crippling effect on the building industry on Spain’s Costa del Sol. Of course, it wasn’t just Spain that felt the pinch, it genuinely was worldwide, but as an area that relies heavily upon overseas investment the effect was quite devastating. Major projects simply shut down overnight, leaving the coast from Malaga down to Gibraltar littered with skeletons of what were to be luxury New Developments on the Costa del Sol.
However after many years when confidence was very low, the cranes have returned to the Costa del Sol. Once again developers have found that the market is moving in a positive direction, and buyers from all over Europe, and beyond, have responded. They say every cloud has a silver lining, and this is very true with new developments on the Costa del Sol.
In the intervening years, while very little building was taking place, many changes occurred within the building industry. Architectural design improved dramatically, and this, coupled with the availability of new lightweight but highly durable and incredibly strong building materials, means that todays new developments are looking better than ever. One of the main reasons people come to this area of Spain, other than the obvious benefits of climate, is for the quality of the light. So glass has become a major player in new builds. Stunningly designed apartments and villas flooded with natural light and warmth, mouth watering panoramic views over the mountains and sea surrounding this beautiful coastline.
Investment opportunities abound at this time. Prices are on the move again and while they probably haven’t yet reached pre-recession levels they soon will and are expected to continue to rise over the next decade. So if you are thinking of buying a new development on the Costa del Sol please visit our webpage at https://www.propertysalescostadelsol.com/exclusive-new-developments/ and have a look at just a small selection of properties we are able to offer you, and remember to keep popping back as more new developments on the Costa del Sol will be added regularly. There will never be a better time to invest in this beautiful part of Spain.