Blue-chip US property buyers head for Costa del Sol: Sharp rise in investors from across the pond in 2020 Save
Monday, February 22, 2021 @ 11:48 AM
HOMEBUYERS from the USA have sharply increased in number on the Costa del Sol's 'Golden Mile' over 2020, as a result of 'the pandemic and being unhappy with Trump's government', according to estate agencies in the area.
In the past few months, the burgeoning North American market has risen from barely anecdotal to at least 15% of the total demand for high-end homes in the Málaga-province locations of Marbella, Benahavís and Estepona.
Customers cited former president Donald Trump's administration – whilst he was still in office – and the Covid-19 crisis, by which the USA was one of the worst-hit countries, as some of their main reasons for heading across the pond.
They included buyers of main residences and of property for investment, and were typically aged between 35 and 50, professionals, with young families.
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