Dreaming of owning a slice of paradise on Spain's sun-drenched Costa del Sol? You're not alone! Malaga, with its vibrant culture, stunning beaches, and enviable climate, is a perennial favourite for international property buyers. But if you're serious about securing your dream home here, there's something crucial you need to know: the property market moves fast.
At Ashworth & Drake, we specialise in connecting international buyers with the perfect local real estate agencies. We understand the nuances of different markets, and Malaga's speed is a defining characteristic that requires a prepared approach.
Just How Fast Are We Talking?
Recent data paints a vivid picture. According to insights from leading Spanish property portal Idealista, analysing sales from the first quarter of 2024, the pace in Malaga is truly remarkable. Consider this:
- 13% of homes sold in Malaga were snapped up in less than one week.
- A further 30% found buyers within one week to one month.
Let that sink in: a staggering 43% of properties sold in Malaga during that period were off the market within just 30 days!
If we extend the timeframe slightly:
- Another 26% sold between one and three months.
This means nearly 70% (69% to be precise) of homes sold found their new owners within the first three months of being listed. Properties lingering for over a year are rare, accounting for only 5% of sales.
What Does This Speed Mean for You as a Buyer?
This rapid turnover highlights the high demand for property in Malaga. While it signals a healthy and desirable market, it also means that as a buyer, especially an international one, you need to be:
Prepared: Have your finances in order, understand your budget, and know your must-haves versus nice-to-haves before you start seriously looking.
Decisive: When the right property appears, hesitation can mean missing out. Opportunities don't linger long.
Well-Guided: This is where local expertise becomes invaluable.
Navigating the Malaga Market Maze
Trying to navigate such a fast-paced market from afar can be daunting. How do you ensure you see the best properties the moment they hit the market? How do you make a competitive offer quickly and effectively? How do you handle the local legalities and processes without delay?
The answer lies in having the right partner on the ground. A top-tier local real estate agent in Malaga lives and breathes this market. They have the network, the immediate knowledge of new listings (sometimes even before they go public), and the expertise to guide you swiftly through the offer and purchase process.
That's Where Ashworth & Drake Comes In.
Finding that perfect agent, one who truly understands your needs and specialises in the type of property you're seeking in Malaga, can be a challenge in itself. We take the guesswork out of it.
Ashworth & Drake acts as your personal matchmaker. We connect discerning international buyers like you with pre-vetted, high-performing real estate agencies in Malaga and across Spain. We ensure you're paired with professionals who have a proven track record in this dynamic market and can give you the competitive edge you need.
Ready to Embrace the Malaga Momentum?
The speed of the Malaga property market is a testament to its appeal. Don't let the pace intimidate you – let it excite you! With the right preparation and the right local expert by your side, you can successfully secure your dream Spanish home.
Contact Ashworth & Drake today, and let us match you with the perfect real estate agency to navigate Malaga's thrilling property market. Your Costa del Sol dream home might be just around the corner – but don't blink!
