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KENSINGTON FINEST PROPERTIES INTERNATIONAL

Málaga – “One of the 20 most livable cities in the world“

The city has gone from being a bland, low-profile city to one of the country‘s most vibrant destinations.

By Juan Alberto Gómez Muñoz

A general view of the city from Mount Gibralfaro. The Plaza de Toros de La Malagueta and the port can be seen in the background.Im Hintergrund sieht man die Plaza de Toros de La Malagueta und den Hafen
A general view of the city from Mount Gibralfaro. The Plaza de Toros de La Malagueta and the port can be seen in the background.Im Hintergrund sieht man die Plaza de Toros de La Malagueta und den Hafen
Carolina Pallarés, managing partner of KENSINGTON Andalusia
Carolina Pallarés, managing partner of KENSINGTON Andalusia

In the last fifteen years, Malaga has not only changed its physiognomy, but has also exponentially increased its leisure and cultural offerings. At the same time, hotel investment has skyrocketed, making the city one of the most popular destinations for international tourism.

The destination is known as ‚the city of museums‘. Not in vain, its more than 40 museums make it the city with the highest number of museums in Europe. The most famous being the Picasso Museum in Malaga and his birthplace, the Carmen Thyssen Museum, the Centre Pompidou Malaga, the Automobile Museum and the Malaga Museum. However, this attraction would not make sense without other attributes such as security, excellent public transport, a network of international schools, the hospitable and cosmopolitan character of its people, and excellent gastronomic offers. However, its main attraction is a unique climate characterised by enviable winters and perfect weather to visit all year-round. The managing partner of Málaga Finest Properties SL, the franchisee of the real estate company KENSINGTON Finest Properties International in Málaga, Carolina Pallarés, recalls that Forbes magazine named it one of the 20 best cities in the world to live in.

KENSINGTON Finest Properties International Málaga Office
KENSINGTON Finest Properties International Málaga Office

However, it also looked to the future and, today, is a powerful centre of technological entrepreneurship. In 2021, it was awarded the second prize as European Capital of Innovation after Dortmund. „In fact,“ he points out, „Google, Vodafone, EY and Dekra have chosen to set up their European R&D centres here.

A view of the new Antonio Banderas Promenade where other urban beaches are located.
A view of the new Antonio Banderas Promenade where other urban beaches are located.

Capital of the Costa del Sol

But this city is not an oasis in the middle of the desert. It is located in the heart of the Costa del Sol, one of the most prestigious tourist destinations. A coastal strip that, in 2019 (prior to the pandemic), exceeded 13 million tourists. Its 150 kilometres of coastline is punctuated by magnificent beaches, more than 70 golf courses, eight Michelin stars „and the best shopping in dream enclaves such as Marbella and Puerto Banús“, adds the head of KENSINGTON Finest Properties International in Andalusia.

Pablo Picasso was born in this house on 25 October 1881. It is now a museum that can be visited.Oktober 1881 in diesem Haus geboren. Heute ist es ein Museum, das besichtigt werden kann.
Pablo Picasso was born in this house on 25 October 1881. It is now a museum that can be visited.

The city of Malaga boasts, among its illustrious characters, two world-renowned figures such as Pablo Picasso and Antonio Banderas. The former was born in 1881 in the Plaza de la Merced, where his childhood home is still located. The genius from Malaga is the greatest exponent of cubism and his work has had a profound influence on the avant-garde movements of the 20th century. For his part, Antonio Banderas is Spain‘s most internationally known actor with several Oscar nominations. In 2019, Cannes crowned him Best Actor. Despite this, he maintains a special relationship with the place where he was born.

A view of Calle Marqués de Larios. It is the main street of the city of Malaga and is among the most expensive in Spain.
A view of Calle Marqués de Larios. It is the main street of the city of Malaga and is among the most expensive in Spain.

Malaga was the second most populated province in Spain last year. „Forty-one per cent of the new inhabitants in the country live here and six out of every ten new residents are foreigners,“ says Pallarés. The average price of housing in the city increased by 9%, between 2020 and 2021, reaching 2,468 euros per square metre. „This is the highest increase in the country and is far from the trend of other large cities, which have experienced a marked slowdown.”

She believes that KENSINGTON has the potential to occupy a prominent place among the main premium agencies as „the market is growing very quickly and the forecasts are for price increases. In addition, the percentage of foreign buyers is increasing every day, making even more sense for an international brand such as KENSINGTON, distinguishing it from the majority of local agencies

The city of Malaga has several beaches near the port that delight visitors.
The city of Malaga has several beaches near the port that delight visitors.

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