Malaga area: where would you buy?
Apr 27th, 2010, 06:42 AM
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Malaga area: where would you buy?
Ah, the cliche-riddled Costa del Sol... There has been a lot said about how awful places like Torremolinos and the concrete high-rises have become. The whole area comes off as a "been there, done that years ago" sort of a destination in most conversations.
But are there still some pleasant enclaves lying out there near or on the coast that merit some evaluation? Like the US, Spain real estate has been hard hit, a victim of overbuilding, cheap credit and sometimes questionable title issues. But is it a good time to buy, given the slump and also with the dollar MUCH stronger than it was last year?
So suppose your Aunt Mildred left you an unexpected chunk of cash....and you have always wanted a pied-a-terre in the south of Spain.. are there nice areas still left to explore?
Is there anyplace from the airport west to Fuengirola accessible by the train that Fodorites still love? Or how about on the east side of Malaga....the names like Nerja and Almunecar come up, but are there other little places to think about? And of course Malaga city center itself is very liveable . Curious to hear how people look at this area today... Rouss
But are there still some pleasant enclaves lying out there near or on the coast that merit some evaluation? Like the US, Spain real estate has been hard hit, a victim of overbuilding, cheap credit and sometimes questionable title issues. But is it a good time to buy, given the slump and also with the dollar MUCH stronger than it was last year?
So suppose your Aunt Mildred left you an unexpected chunk of cash....and you have always wanted a pied-a-terre in the south of Spain.. are there nice areas still left to explore?
Is there anyplace from the airport west to Fuengirola accessible by the train that Fodorites still love? Or how about on the east side of Malaga....the names like Nerja and Almunecar come up, but are there other little places to think about? And of course Malaga city center itself is very liveable . Curious to hear how people look at this area today... Rouss
Apr 27th, 2010, 08:04 AM
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The problem about buying on the CdS is trying to sell the thing when you want or need to. Anything West of Malaga all the way to Puerto de la Duquesa is overpriced and because there's so much unsold new build, you can't sell. The market in all the holiday areas is on its backside. Don't let anyone tell you different to try and get you to sign up quickly.
On the other hand it's therefore probably a good time to buy regardless of the $/€ rate.
East of Malaga is cheaper in certain parts, but it all depends on how much you want to spend and what sort of a place you want. Apartment, house, finca, fixer-upper? How many bedrooms, bathrooms? Don't forget you need to add on at least 10% to a price to allow for fees and legal costs.
On the other hand it's therefore probably a good time to buy regardless of the $/€ rate.
East of Malaga is cheaper in certain parts, but it all depends on how much you want to spend and what sort of a place you want. Apartment, house, finca, fixer-upper? How many bedrooms, bathrooms? Don't forget you need to add on at least 10% to a price to allow for fees and legal costs.
Apr 27th, 2010, 08:37 AM
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As you said, Málaga city itself is very liveable.
But if you are looking for smaller places, I would first have consentrated on the Axarquía region, east of Málaga. Recommend to go down there and do some serious driving, and then perhaps rent something for a couple of weeks. http://www.absoluteaxarquia.com/
If you are looking for peace and quiet, you might want to take a closer look at the little coastal village Maro just 2-3 miles east of Nerja: http://www.absoluteaxarquia.com/areas/maro.html
Nerja itself has lots of qualities, have stayed there several times during the past 7-8 years: http://www.nerjatoday.com/
You might want to check out Cómpeta, a litlle village (pop 3500) some 10 miles inland from the coast. http://www.absoluteaxarquia.com/areas/competa.html
A bit further inland lies Alhama de Granada (in the Granada región):
http://www.andalucia.com/province/gr...lhama/home.htm
I also like Antequera very much, the so-called "heart of Andalucía". A fascinating town some 30 miles inland from Málaga. Car, bus, train to the coast in no time. http://en.wikipedia.org/wiki/Antequera
West of Málaga, friends talk very favourably of Jimena de la Frontera: http://www.andalucia.com/jimena/home.htm
But if you are looking for smaller places, I would first have consentrated on the Axarquía region, east of Málaga. Recommend to go down there and do some serious driving, and then perhaps rent something for a couple of weeks. http://www.absoluteaxarquia.com/
If you are looking for peace and quiet, you might want to take a closer look at the little coastal village Maro just 2-3 miles east of Nerja: http://www.absoluteaxarquia.com/areas/maro.html
Nerja itself has lots of qualities, have stayed there several times during the past 7-8 years: http://www.nerjatoday.com/
You might want to check out Cómpeta, a litlle village (pop 3500) some 10 miles inland from the coast. http://www.absoluteaxarquia.com/areas/competa.html
A bit further inland lies Alhama de Granada (in the Granada región):
http://www.andalucia.com/province/gr...lhama/home.htm
I also like Antequera very much, the so-called "heart of Andalucía". A fascinating town some 30 miles inland from Málaga. Car, bus, train to the coast in no time. http://en.wikipedia.org/wiki/Antequera
West of Málaga, friends talk very favourably of Jimena de la Frontera: http://www.andalucia.com/jimena/home.htm
Apr 27th, 2010, 11:00 AM
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Before venturing counsel, we need to know what you expect: isolation or city life? Coast or mountain?. And, of course, an idea of a budget.
There is a lot of unsold properties here, owned by building societies or banks, they simply refuse to pull down the prices, whils everybody knows they are overpriced about 40%. Dealing with a particular may be different.
There is a lot of unsold properties here, owned by building societies or banks, they simply refuse to pull down the prices, whils everybody knows they are overpriced about 40%. Dealing with a particular may be different.
Apr 28th, 2010, 02:21 AM
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Thank you Kimhe for some interesting suggestions that were new to me. And the idea from both Lifeman and nyt to go and have a look is of course the best idea!
In fact we are going down this coming weekend for a mini-vacation/exploration trip. I say "down" because we actually live in southern France and very much enjoy the Europe experience. We are just thinking that this may be a good time to be able to get an appt or fixer-uper in a pleasant town somewhere near the coast, but which is not "dead" in winter. Winter is probably when we would be thinking of using it most, as we are happy in summer where we are. (If we could let out the new place in Jul/aug, that would help keep costs down, so it should have some charm and be near transport and beaches.).
So to Josele's points, I think it is definitely somewhere near or on the coast. I especially like the idea of living in a place where you do not need a car every day (in our little town now we walk and cycle and only use the car for long trips). I do not think places like Torremolinos or Fuengirola would be appealing, with too much high-rise and beer drinkers....but I must say the idea of the train which runs between the villages on the coast, hits the airport , and also gets in to Malaga made me wonder if there is some little nice place along that line. I have seen lots about the Benalmadena port, and the village to the north where the train stops. Anybody know this area? But I am told the bus service from Malaga towards the east is pretty good for getting around and avoiding traffic and parking problems.
And we like very much the central part of Malaga, in the pedestrian zone...the tapas places, and especially Bar Pimpi are just perfect for our tastes...but is the city too hot and noisy when one actually lives there? En todo caso , vamos a ver dentro de poco.
Again, any suggestions, or guidance is helpful. I think Josele is correct is saying that it is better to deal with a private seller, rather than a bank, so that a "realistic" market price could be discussed. BTW, I just saw the latest unemployment figures for Spain, and I will post them, as they are really painful, and worse than I had imagined. Best, Rouss
In fact we are going down this coming weekend for a mini-vacation/exploration trip. I say "down" because we actually live in southern France and very much enjoy the Europe experience. We are just thinking that this may be a good time to be able to get an appt or fixer-uper in a pleasant town somewhere near the coast, but which is not "dead" in winter. Winter is probably when we would be thinking of using it most, as we are happy in summer where we are. (If we could let out the new place in Jul/aug, that would help keep costs down, so it should have some charm and be near transport and beaches.).
So to Josele's points, I think it is definitely somewhere near or on the coast. I especially like the idea of living in a place where you do not need a car every day (in our little town now we walk and cycle and only use the car for long trips). I do not think places like Torremolinos or Fuengirola would be appealing, with too much high-rise and beer drinkers....but I must say the idea of the train which runs between the villages on the coast, hits the airport , and also gets in to Malaga made me wonder if there is some little nice place along that line. I have seen lots about the Benalmadena port, and the village to the north where the train stops. Anybody know this area? But I am told the bus service from Malaga towards the east is pretty good for getting around and avoiding traffic and parking problems.
And we like very much the central part of Malaga, in the pedestrian zone...the tapas places, and especially Bar Pimpi are just perfect for our tastes...but is the city too hot and noisy when one actually lives there? En todo caso , vamos a ver dentro de poco.
Again, any suggestions, or guidance is helpful. I think Josele is correct is saying that it is better to deal with a private seller, rather than a bank, so that a "realistic" market price could be discussed. BTW, I just saw the latest unemployment figures for Spain, and I will post them, as they are really painful, and worse than I had imagined. Best, Rouss
Apr 28th, 2010, 02:24 AM
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The ABC newspaper has published an early look at the latest unemployment figures in the south, and boy, it really is a difficult time, compared to the boom years...
April 27th, 2010
A computer error has led to the unemployment statistics being posted online for a short while. They were not intended for release until Friday.
According to the newspaper ABC, who managed to grab the information, first quarter unemployment has increased by 286,200 to give a total of 4,612,700, 20.05% of the workforce.
The INE reported that an ‘incident’ resulted in the figures being ‘temporarily visible’.
At the top end of the scale are:
* Canary Islands – 27.68%
* Andalucia – 27.21%
* Murcia – 23.17%
* Valencia – 23.04%
* Ceuta, Baleares, Castilla-La-Mancha, Melilla – all above 20%
April 27th, 2010
A computer error has led to the unemployment statistics being posted online for a short while. They were not intended for release until Friday.
According to the newspaper ABC, who managed to grab the information, first quarter unemployment has increased by 286,200 to give a total of 4,612,700, 20.05% of the workforce.
The INE reported that an ‘incident’ resulted in the figures being ‘temporarily visible’.
At the top end of the scale are:
* Canary Islands – 27.68%
* Andalucia – 27.21%
* Murcia – 23.17%
* Valencia – 23.04%
* Ceuta, Baleares, Castilla-La-Mancha, Melilla – all above 20%
Apr 29th, 2010, 03:58 AM
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You are seeking a place that is not "dead" in winter, have some charm and are near transport and beaches so that you can let out the place in Jul/Aug.
I definitely suggest that you visit Nerja, 40 mins by car from Málaga airport. Shuttle bus between the airport and Nerja. Bus from/to Málaga about 25 times daily. Five of those run directly in about 1h, the others take 1h 30 mins. The old part of town is beautiful, from seashore frontline Calle Carabeo and north. Also lots of popular so-called "urbanizaciones".
http://www.andalucia.com/nerja/home.htm
Have a lunch at La Marina or La Puntilla to get a feel of the local flavour. Especially La Marina is in my opinion as good as you get a seafood freiduria in all of the Málaga region.
http://www.nerjatoday.com/barsandrestaurants/la-marina/
http://www.nerjatoday.com/barsandres...s/la-puntilla/
I definitely suggest that you visit Nerja, 40 mins by car from Málaga airport. Shuttle bus between the airport and Nerja. Bus from/to Málaga about 25 times daily. Five of those run directly in about 1h, the others take 1h 30 mins. The old part of town is beautiful, from seashore frontline Calle Carabeo and north. Also lots of popular so-called "urbanizaciones".
http://www.andalucia.com/nerja/home.htm
Have a lunch at La Marina or La Puntilla to get a feel of the local flavour. Especially La Marina is in my opinion as good as you get a seafood freiduria in all of the Málaga region.
http://www.nerjatoday.com/barsandrestaurants/la-marina/
http://www.nerjatoday.com/barsandres...s/la-puntilla/
Apr 29th, 2010, 12:14 PM
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Well thank you, kimhe, as Nerja and Les Balcons d'Europe will NOW be our first stop.! And thank you for providing very useful links as well, on both answers. (This is why Fodors is so good!)
It appears to me that there are two versions of the Costa (CdS)...
-the package type holiday destination west-of-Malaga,at least as far as the train stops go....(I am not counting Puerto Banus, which is a big step above the rest apparently). Which are dense and volume orientated, it seems....and
-the east of Malaga part , which looks less developed because they have not been overbuilt, even though they get a good percentage of the tourist visits.
There are also places like Mijas, and Mijas Costa which get a lot of day tourists, but might be more liveable at night and out of season.
Plus we are still going to explore Malaga centro....because of the great offering of central location, things to do, and good places to eat and drink...(unfortunately it is a cruise ship harbour, which brings lots of "temporary and maybe unwilling" tourists to the area.
So we are off soon, and I will make a trip report , just to let people know what we wind up finding.
Josele, (if you are around next week, te invito a tomar una copa con nosotros, sin compromiso ni obligacion...mi esposa es artista tambien..) .
More to come as this unfolds...Best, Rouss
It appears to me that there are two versions of the Costa (CdS)...
-the package type holiday destination west-of-Malaga,at least as far as the train stops go....(I am not counting Puerto Banus, which is a big step above the rest apparently). Which are dense and volume orientated, it seems....and
-the east of Malaga part , which looks less developed because they have not been overbuilt, even though they get a good percentage of the tourist visits.
There are also places like Mijas, and Mijas Costa which get a lot of day tourists, but might be more liveable at night and out of season.
Plus we are still going to explore Malaga centro....because of the great offering of central location, things to do, and good places to eat and drink...(unfortunately it is a cruise ship harbour, which brings lots of "temporary and maybe unwilling" tourists to the area.
So we are off soon, and I will make a trip report , just to let people know what we wind up finding.
Josele, (if you are around next week, te invito a tomar una copa con nosotros, sin compromiso ni obligacion...mi esposa es artista tambien..) .
More to come as this unfolds...Best, Rouss
Apr 30th, 2010, 06:04 AM
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When in Nerja:
Top tapas grilled on the spot (conchas finas, mussels, clams, prawns, monkfish, whitebait, baby-squid, sausages, pinchos morunos, mini-burgers etc.) and great atmosphere at El Pulguilla in C/Cristo, just off Balcón de Europa. Free tapas to choose with every drink.
Cafetería Cavana, on Plaza Cavana behind the church, is an excellent place to relax. One of the oldest bars in town.
I very much recommend the El Salón beach:
http://www.nerjatoday.com/nerjabeachguide/el-salon/
Top tapas grilled on the spot (conchas finas, mussels, clams, prawns, monkfish, whitebait, baby-squid, sausages, pinchos morunos, mini-burgers etc.) and great atmosphere at El Pulguilla in C/Cristo, just off Balcón de Europa. Free tapas to choose with every drink.
Cafetería Cavana, on Plaza Cavana behind the church, is an excellent place to relax. One of the oldest bars in town.
I very much recommend the El Salón beach:
http://www.nerjatoday.com/nerjabeachguide/el-salon/
May 7th, 2010, 11:11 AM
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Well Hi, I am back from the trip....it was WONDERFUL with good weather, and no problems at all with either transport, super food, or very decent and good-value lodging and choice of housing.
I was very happy to actually have had a pleasant drink with Josele in the center when we got to Malaga. He is a very nice person, and gave some good Spanish perspective on the ins and outs of the local market. He is a wonderful local artist, and we had some tempting visual appetizers of his work. (I will give more info for you later on his site and style).
Anyway, I have a lot to tell about the property market in the south of Spain, and I will put together a trip report with photos and assessment, but for now, I will post a recent article from the NY Times of TODAY giving a latest perspective.
Do not be put off by the prices they show, there is a nice choice well below the prices they feature .....just read the article as a current view of how things are there, which is quite positive....
http://www.nytimes.com/2010/05/05/gr...nting.html?hpw
My reaction is that property there is really as affordable and comfortable as many current Florida/Arizona choices ,from what I have seen and visited. And the food and ambience in Spain is definitely more European in flavor.
Read the NYTimes article, and I will do a proper trip report in the next days
(Con el mayor gusto de estar en el sud de espana con gente simpatica...)
With my best, Rouss
I was very happy to actually have had a pleasant drink with Josele in the center when we got to Malaga. He is a very nice person, and gave some good Spanish perspective on the ins and outs of the local market. He is a wonderful local artist, and we had some tempting visual appetizers of his work. (I will give more info for you later on his site and style).
Anyway, I have a lot to tell about the property market in the south of Spain, and I will put together a trip report with photos and assessment, but for now, I will post a recent article from the NY Times of TODAY giving a latest perspective.
Do not be put off by the prices they show, there is a nice choice well below the prices they feature .....just read the article as a current view of how things are there, which is quite positive....
http://www.nytimes.com/2010/05/05/gr...nting.html?hpw
My reaction is that property there is really as affordable and comfortable as many current Florida/Arizona choices ,from what I have seen and visited. And the food and ambience in Spain is definitely more European in flavor.
Read the NYTimes article, and I will do a proper trip report in the next days
(Con el mayor gusto de estar en el sud de espana con gente simpatica...)
With my best, Rouss
May 7th, 2010, 11:15 AM
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Also to Kimhe...
your comments and recs about Nerja were just fantastic.
Either you know the area perfectly well, or our tastes just coincide. We LOVED la Pulguilla and ate there several times, and also found your comments about the area, and the rental potential to be spot on. Viva Kimde!
Best, Rouss
your comments and recs about Nerja were just fantastic.
Either you know the area perfectly well, or our tastes just coincide. We LOVED la Pulguilla and ate there several times, and also found your comments about the area, and the rental potential to be spot on. Viva Kimde!
Best, Rouss
May 7th, 2010, 12:57 PM
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Sorry for the typos...it was of course El Pulguilla ( la pulga, la pulguilla but the place was El pulguilla)
and of course Kimhe...you know who I mean! ( but how have you gotten such a good feeling for the area? Do you live in Spain?)
It is such a great place...and yes there are a lot of English and other Europeans there...but that is also not a bad thing.
There is a member of the Ayuntamiento who represents "Extranjeros" or non-Spanish on the local council, so this is already something important. And while you can have "beans and toast" for breakfast if you need to, you can also get more local treats (we had a lovely toasted roll with fresh tomato pureee along with an espresso),(photo to follow)
yeah, it is still a great place to live! Rouss
and of course Kimhe...you know who I mean! ( but how have you gotten such a good feeling for the area? Do you live in Spain?)
It is such a great place...and yes there are a lot of English and other Europeans there...but that is also not a bad thing.
There is a member of the Ayuntamiento who represents "Extranjeros" or non-Spanish on the local council, so this is already something important. And while you can have "beans and toast" for breakfast if you need to, you can also get more local treats (we had a lovely toasted roll with fresh tomato pureee along with an espresso),(photo to follow)
yeah, it is still a great place to live! Rouss
May 8th, 2010, 01:36 AM
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Glad to hear that you got the feel for Nerja. As you suggest, the mix of locals and English/Europeans works quite well. Take the Nerjatoday site as an example: Operated by a foreign resident obviously totally in love with the place and immersed in the culture. Lots of harsh criticisms of local politics etc, and as Andalusian as it gets.
I don't think the Spanish philosopher José Ortega y Gasset got it all wrong in his Teoría de Andalucía from 1927. In this sometimes mercyless vivisection of Andalusian culture, he also suggests that the Andalusians, through all of history, by their ancient and more refined culture, time and again have successfully "conquered" their invaders by receiving them passively. This might be changing, but going for tapas in the backstreets of the old town in Nerja can be uplifting in many ways. More than often you meet that english guy with that unmistakably Andalisian look in his eyes.
I've studied and lived in San Sebastián in the Basque country and visited almost every year since the late 80's. One of the best places on earth! Almost by accident my wife and I visited Nerja in 2002, and since then I've gradually developed a more than average interest in all things Andalusian, to put it mildly. Nerja is a natural base for two-three trips every year, and even more so since some friends of ours bought a fantastic old town-house in sea-front Calle Carabeo a couple of years ago.
I don't think the Spanish philosopher José Ortega y Gasset got it all wrong in his Teoría de Andalucía from 1927. In this sometimes mercyless vivisection of Andalusian culture, he also suggests that the Andalusians, through all of history, by their ancient and more refined culture, time and again have successfully "conquered" their invaders by receiving them passively. This might be changing, but going for tapas in the backstreets of the old town in Nerja can be uplifting in many ways. More than often you meet that english guy with that unmistakably Andalisian look in his eyes.
I've studied and lived in San Sebastián in the Basque country and visited almost every year since the late 80's. One of the best places on earth! Almost by accident my wife and I visited Nerja in 2002, and since then I've gradually developed a more than average interest in all things Andalusian, to put it mildly. Nerja is a natural base for two-three trips every year, and even more so since some friends of ours bought a fantastic old town-house in sea-front Calle Carabeo a couple of years ago.
May 8th, 2010, 04:43 AM
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On the med coast there are a lot of problems, or so it seems:
http://www.youtube.com/watch?v=MTZetoIUUbQ
http://www.youtube.com/watch?v=MTZetoIUUbQ
May 8th, 2010, 05:29 AM
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Wow I am so glad to hear your good news.
Please do post your repoer we look forward to it.
Yes Josele is a great friend to his fellow Fodorites and SOOO helpful. We too had the pleasure of meeting him. He is indeed a fantastic artist as well. Some beautiful work.
Kimhe is a flamenco enthusiast and expert. Also so helpful.
We are so lucky to have these two gems here among us!
Please do post your repoer we look forward to it.
Yes Josele is a great friend to his fellow Fodorites and SOOO helpful. We too had the pleasure of meeting him. He is indeed a fantastic artist as well. Some beautiful work.
Kimhe is a flamenco enthusiast and expert. Also so helpful.
We are so lucky to have these two gems here among us!
May 8th, 2010, 06:03 AM
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Nerja is on our rotation of favorite places to visit, but I dont think I would want to live there. And why should I? I can always find a nice place at a reasonable price to rent for a couple of weeks
Real Estate has been hard hit, but remember Spain isnt the US. They build a lot of junk there and unless you are willing and capable of taking care of structural improvements, I steer clear. Who wants to live in a tourist town? If I fell in love w/Spain Id live in a place like Granada
Real Estate has been hard hit, but remember Spain isnt the US. They build a lot of junk there and unless you are willing and capable of taking care of structural improvements, I steer clear. Who wants to live in a tourist town? If I fell in love w/Spain Id live in a place like Granada
May 9th, 2010, 12:50 PM
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Ok, I have got some observations, photos, strategies and general comments to bring forward....but it will have to be tomorrow, as it is bedtime here in Europe.
I love this Greek rescue package...let's see how the market takes it. I just don't get how the strong countries are willing to write the checks for the ones who have not met the standards...it is of course real money going out.
Anyway, lots of european airports have been closed or limited this weekend due to the ash..many people affected,...even us..
Hasta lunes entonces, Rouss
I love this Greek rescue package...let's see how the market takes it. I just don't get how the strong countries are willing to write the checks for the ones who have not met the standards...it is of course real money going out.
Anyway, lots of european airports have been closed or limited this weekend due to the ash..many people affected,...even us..
Hasta lunes entonces, Rouss
