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Costa del Sol |
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Costa del Sol set for boom in senior citizen resorts
• 10 May 2007 •
 THIS year, resorts for senior citizens are expected to generate an investment of 170 million euros, according to reports. The proliferation of these quality homes, together with the mild climate and comparatively low prices, has converted the province of Malaga into a favourite destination for foreigners.
In fact, 13.3 per cent of people over 65 in Malaga come from other countries, a percentage that by far exceeds the figures for the rest of Andalucia (2.7 per cent) and Spain (3.3 per cent). There is a community of more than 28,400 residents, making the average age in this area far higher than for the rest of the country.
To house all these people, resorts for the elderly are shooting up, mainly along the coast, and this year, five new ones will be opened in Mijas, Marbella, Rincon de la Victoria and Alhaurin de la Torre.
These homes basically offer features adapted to the profile of the client, and some of them will have 24-hour general medical care, library, rehabilitation areas or thalassotherapy, home delivery restaurants and cafes or exclusive bus services.
Businessmen and construction companies consider this type of real estate a safe bet as the foreigners who come to settle on the Costa del Sol usually have a pension double or treble the amount the Spaniards receive.
Another factor that facilitates the presence of the elderly is the increase in low-cost airline flights and the proximity of the airport, making it common to see foreign pensioners living all the year round in places like Torremolinos and Benalmadena, as well as other inland towns, going home to their countries of origin only during the hot summer months when the towns fill with tourists.
Experts state that the ageing of the population is an unstoppable process and native residents are living longer as well. Some studies even venture to say that in a few decades Spain will have the highest number of elderly people in Europe. Malaga offers a wide range of high-quality services both basic and for leisure, which could see the province turning into a kind of Mediterranean Florida. |  Return to Top
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