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Owning Property on the Costa del Sol
As property owners ourselves we have set an collaborative agreement with Costa del Sol living for South Africans to come out an view the property operate as cosmopolitan a stretch of golden sand as you’re ever going to find in the world, the Costa del Sol is 100 miles of pure pleasure and consistent favourite with British, German, Dutch and northern European holiday makers and property hunters.
The Costa also boast a thriving South African community that love the environment, cost of living, world class education, safety and beaches this beautiful part of the world has to offer.
It averages 2,900 hours of sunshine each year compared to, for example, Bournemouth with 1,700. The sea breeze slightly takes the edge off the summer temperatures, keeping highs at around 30ºC compared to 36ºC just a little way inland.
The Costa del Sol stretches from Nerja in the east all the way to Gibraltar in the west. It includes the flashy and upmarket resorts of Marbella, Puerto Banús and Estepona, plus the more family orientated resorts of Torremolinos and Fuengirola.
The hills overlooking the beaches are thronged with multi-million euro villas owned by the Russian and Asian mega-rich but also more affordable apartments. To keep them – and anyone else – amused the Costa del Sol is also home to some of the world’s best golf courses, such as Real Sotogrande and Valderrama, and the best marinas too.
The biggest city and busiest airport is Malaga, right in the middle of the Costa. It’s a busy port city, but dramatically smartened up these days with the Picasso Museum.
South Africans in Spain
Although there are quite a few years since Golden Visa has been introduced as an easy way to enter many European countries, and it is being widely advertised, only a couple of thousand of people went this route when trying to immigrate to Spain. To be exact, the number stands at more or less 3.000 individuals. And over 70% of them, according to the statistics are Chinese or Russian businessmen. But, there are so many more foreigners living in Spain. And more and more of them are coming to live here every day. From all parts of the world, US, Australia, Canada, Latin America, from the countries of Eastern Europe, to name just a few. How do they manage to do this, without wanting to invest 500.000+ Euros? The answer is – Non-lucrative visa. And many South Africans in Spain have gone this way.