Malaga: one of the favourite cities to buy a home

Malaga is once again one of the favourite destinations to live in, this time for the wealthy.

According to the latest Global Property Handbook study by Barnes, a renowned publication in the luxury real estate sector, Malaga is ranked among the most desirable destinations for high net worth Individuals to buy homes, ranking 47th in the world.

Madrid and Barcelona are also among the favourite cities to buy luxury properties. The Spanish capital is among the top five worldwide, in fourth position. And Barcelona is among the top 20, in nineteenth position, making Spain a hotspot for international luxury property investors and buyers.

The list is headed by Dubai, which has ousted Paris from the top spot, now in fifth place. In second and third place are the American cities of Miami and New York, respectively.

Among the criteria evaluated by Barnes for this ranking are interest in investment, favourable climate, security and quality of infrastructure. These factors, together with the growing attraction of foreign capital, have made cities such as Madrid, Barcelona and Malaga a focus of attention for investors from all over the world.

The report also noted that there is a change in the profile of buyers, with the arrival of a new American clientele, mainly from California. These buyers are looking to get away from the political tensions in their home country and are attracted by the Mediterranean lifestyle offered by cities such as Malaga.