If you are thinking about buying a home abroad, Spain’s Costa del Sol offers a range of attractive benefits that could make this decision a rewarding and very financially profitable experience. Some of the greatest interest in buying a second home in Spain is coming from the American market.
Urbincasa specialises in Spanish Mediterranean real estate, and we are going to give you 8 reasons to buy a home in a sun-soaked hotspot like the Costa del Sol.
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Safety and quality of life
Spain provides some of the best quality of life in the world. In fact, according to the InterNations platform, the country is the second best place to live in the world. Safety and excellent quality of life are some of the main reasons to choose to live in Spain.
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Culture and lifestyle
Spain is known for its rich culture, delicious food and relaxed pace of life. Its Mediterranean lifestyle and climate will make you want to spend most of the day outdoors.
The Costa del Sol offers a perfect balance between modern living and traditional Spanish charm. You will experience a unique mix of the old and the new.
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Excellent climate
The Costa del Sol’s sunny climate for most of the year is another of its biggest attractions. With more than 300 days of sunshine a year, you will enjoy a warm, pleasant climate, making this region an ideal place to escape the cold winter in many parts of the world
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Attractive investments
The real estate market on the Costa del Sol is very attractive and diverse. Properties, from beachside apartments to luxurious villas, can be an excellent long-term investment. Prices may also be more affordable than those in certain areas of the United States or other European cities.
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Services and excellent connections
The Costa del Sol is strategically located, with excellent flight connections and modern infrastructure. Travelling from the United States is relatively easy, with direct flights and a well-developed transport network in the region.
Two international airports, Malaga and Gibraltar, offer daily flights to major European cities and New York.
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More affordable cost of living
Spain offers a high standard of living at an affordable cost compared to some areas of the United States. On the Costa del Sol, you will benefit from a wide range of services, from quality health care to excellent educational facilities and bilingual schools.
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Retirement opportunities
Many Americans consider the Costa del Sol an ideal place to retire. The relaxed environment, high-quality health care and excellent leisure opportunities make this region a very appetising retirement destination.
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Special tax system for digital nomads
That’s right. Digital nomads with their tax residence in Spain may significantly benefit under the so-called “Beckham Law”, a regulation allowing people to pay tax at a fixed rate of 24% on wages up to €600,000, and 47% on any amount that exceeds this limit, annually. This tax system is more advantageous than that of ordinary tax residents, who face progressive rates that can sometimes exceed 50%.
In short, buying a property on the Costa del Sol not only provides you with a second residence in a spectacular location but also a smart investment and the opportunity to experience a unique, enriching lifestyle.
Mala Kai Resort and Residencial Arrecife, luxury apartments and penthouses on the Costa del Sol
Before embarking on this adventure, it is essential to seek good advice, understand real estate regulations and consider all legal and financial aspects relating to buying a property abroad. At Urbincasa, we can help you with all the necessary procedures.
Explore the wonders of the Costa del Sol and enjoy your own personal paradise in Spain with Urbincasa!