New Development Trends in Malaga: A Look at Building Licences

By Vivi Real Estate | 31 de August de 2023 |

Malaga, a stunning coastal province located in the southern region of Spain, has been experiencing significant changes in its development landscape. As of recent years, the province has witnessed a surge in building licences, reflecting a dynamic shift in the real estate market. Let’s delve into the transformation and explore the key trends that have shaped Malaga’s development scene.

Surging Building Licences: A Glimpse of Growth

    What is a building license?

In Spain, a building license (licencia de obra) is an official authorization granted by local authorities that allows individuals or entities to carry out construction, renovation, or alteration work on a property. This license is a legal requirement to ensure that construction activities adhere to zoning regulations, building codes, safety standards, and other relevant laws. It is a crucial step in the process of initiating any construction project, whether it involves building a new structure, making significant renovations, or changing the use of an existing property.

To obtain a building license in Spain, the applicant must submit detailed plans, specifications, and other relevant documents related to the proposed construction project. These documents are reviewed by the local planning department to ensure that the project complies with all applicable regulations. The review process considers factors such as the project’s impact on the environment, its alignment with urban planning guidelines, and its adherence to safety and structural requirements.

Once the plans are approved and the building license is granted, the applicant can proceed with the construction work as outlined in the approved plans. It’s important to note that starting construction without obtaining the required building license can lead to legal consequences, including fines, suspension of construction, or even demolition of the unauthorized work.

Building licenses play a crucial role in regulating urban development, ensuring safety standards are met, and maintaining the integrity of the built environment. They contribute to orderly and sustainable growth in urban areas by controlling the quality, design, and appropriateness of new constructions and modifications to existing properties.

In the span of just two years, the number of building licences in Malaga has surged by a noteworthy 12%. This upswing has been particularly pronounced when comparing the data from 2021 and 2022. Among the municipalities that have witnessed remarkable growth are:

    Mijas (121.8% increase):

This picturesque town has become a focal point for new developments, attracting both local and international investors. The surge in building licences reflects the increasing demand for properties in this charming coastal enclave.

    Torremolinos (59.1% increase):

As one of the most well-known tourist destinations in the province, Torremolinos has experienced significant interest from developers. The rise in building licences points toward a growing emphasis on expanding the tourism and hospitality sectors.

    Estepona (196.1% increase):

Estepona’s dramatic increase in building licences highlights its emergence as a vibrant real estate market. The town’s strategic location and growing amenities make it an attractive destination for those seeking both primary and secondary homes.

    Malaga (12% increase):

Even the provincial capital itself has seen a notable uptick in building licences. This demonstrates a commitment to urban development, which can further enhance the city’s already vibrant cultural and economic landscape.

    Manilva (102.6% increase):

The remarkable growth in Manilva’s building licences underscores its potential as an up-and-coming investment hub. The area’s natural beauty and accessibility contribute to its burgeoning popularity.

New Developments on the Costa del Sol

    The Shifting Landscape of Development Activity

Malaga’s coastal areas have been at the forefront of development activity, attracting attention from both domestic and international investors. The surge in building licences in the province’s coastal municipalities reflects a broader trend of increased interest in coastal properties.

New Builds vs. Second-Home Market: In Malaga, new build projects have taken precedence over the second-home market. This could indicate a growing desire among buyers for modern, updated properties that meet contemporary standards of comfort and design.

Rise in Multi-Family Homes: The surge in building licences for multi-family homes (a 6.9% increase) is a testament to the province’s commitment to accommodating growing populations. The development of such projects can foster vibrant communities and address the demand for housing.

Diversity in Licence Types: While multi-family homes dominate the building licence landscape, the share of single-family home licences has also increased by an impressive 25%. This diversity caters to a range of preferences among buyers, offering various housing options to suit individual needs.

    Malaga’s Promising Future

The increased development activity in Malaga, as evidenced by the surge in building licences, speaks to the province’s potential for growth and prosperity. As urban centers and coastal towns alike experience transformation, the real estate landscape in Malaga is evolving to meet the demands of a dynamic market.

With a strategic focus on both new builds and the enhancement of existing properties, Malaga is poised to continue its journey as an attractive investment destination. As the province embraces innovation, sustainability, and modernity, the synergy between development and natural beauty is paving the way for a bright and promising future.

Whether you’re captivated by the historic charm of Malaga’s capital or drawn to the coastal allure of its municipalities, the province’s evolving real estate scene offers a myriad of opportunities for both investors and residents alike. As the years progress, it will be fascinating to observe how these trends continue to shape Malaga’s urban and coastal landscapes.

In conclusion, The coastal province of Malaga is undergoing a remarkable transformation in its real estate landscape, with a surge in building licences indicating a dynamic shift in development trends. The period between 2021 and 2022 witnessed substantial growth in various municipalities, such as Mijas, Torremolinos, Estepona, Malaga, and Manilva. These increases highlight the province’s commitment to urban and coastal expansion, catering to the evolving demands of both local and international investors.

Malaga’s allure lies not only in its breathtaking natural beauty but also in its strategic focus on diverse types of housing, from multi-family homes to single-family residences. This commitment to accommodating varying preferences positions Malaga as a province that caters to a wide spectrum of potential residents and buyers.

As development activity intensifies along the coast, Malaga’s future appears promising. With a balanced approach to new construction and revitalization of existing properties, the province is fostering a harmonious blend of modernity and tradition. The surge in building licences serves as a testament to the region’s potential for growth, as well as its capacity to adapt to changing trends and market dynamics.

As the years unfold, the synergy between development and the province’s captivating natural surroundings is sure to shape an enticing landscape for both residents seeking a higher quality of life and investors eyeing opportunities in the real estate market. Malaga’s journey into this new horizon of development is a testament to its resilience, innovation, and commitment to creating spaces that resonate with the aspirations of its diverse populace.

With our in-depth knowledge of the local market and dedication to excellent service, ViVi Real Estate is poised to assist you in navigating this flourishing real estate market. Contact us today to discover how we can help realize your property dreams on the beautiful Costa del Sol.

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