Why is the world coming to malaga for technology? Not many people know but Malaga opened its Tech Park in 1992 and over the past couple of years Malaga has pushed a huge amount of investment into creating the ‘Tech Hub’ for Europe. And so far it is succeeding.
📲 Firstly, the infrastructure is already there with over 600 technology companies present.
🚍 Transport is great, high speed trains from Malaga to Madrid as well as direct flights all over the world makes travel easy.
👩🏼💼 Lifestyle is a massive plus and incentive for foreign employees moving abroad. On top of this, Nomad Visas, Start up and business incentives are taking away barriers to entry for businesses.
🎓 The pool of talent is large as Malaga university has partnered with the initiative to sustain the Tech dream.
Who is coming?
The Americans are coming …
Since Google announced their relocation of Cyber Security to Malaga there has been a huge increase in similar moves. For Americans the last 10 years have been financially very good if you look at exchange rate against the Euro and historically speaking, it is cheap to buy in Spain. With an increase in foreign investment, large corporations and movement of people comes a need for more supply …So what does this mean for the property market on the Costa del Sol and Malaga?
What about Property? Thinkgs are looking up.
Spain and in particular Malaga region has profited from the house price increases over the past 18 months. The key reason house prices have gone up is the high demand and low supply. Despite the interest rate hikes in the EU, UK and US, it is not deferring from certain individuals and corporation from moving to Malaga.
The combination of a strong housing market (foreign investment) an increasingly inpressive tech park and influx of large corporations is making Malaga one of the most sought after cities in the world!
Source: Blue Dawn Development 👉
