We reached a new milestone in investment value of more than 500 million euros in the western Costa del Sol
With more than 250 units developed or in planning, Otero Group brings together more than 500 million euros in investment value, becoming one of the undisputed leaders in the development of luxury homes on the Costa del Sol.
At Otero Group we are committed to sustainability and social responsibility and we always approach our projects in a way that respects the environment and society, so for us growth and success entail effort, dedication and responsibility. For this reason, this fact is of special importance to us since it positively favors the economic situation of this Andalusian region thanks to the creation of more than 400 jobs, the attraction of potential investors and the promotion of its development.
According to data from the report on coastal housing by Tinsa (property appraisal company), the towns of Marbella and Mijas are among the four coastal municipalities in Spain where the purchase-sale of housing registers the highest growth. Currently, investments on the coast have increased their radius towards other towns such as Benalmádena, Estepona, Casares, Manilva or Benahavís. The wide and varied offer, as well as the attractive prices and the very quality of the properties form a good range of opportunities, which further favors the profitability of real estate investments.
Over the years it has been shown that the Costa del Sol does not stop growing and that investments are being greatly reinforced with significant and substantial revaluations. In some parts of the coast such as Malaga capital, revaluations are close to 30% in just the course of a year. All this comes to confirm that we find ourselves with one of the best places to invest in the peninsula and even in all of Europe. Investing in the Costa del Sol can be profitable for us and bear fruit from the first year of purchase, something unusual in this type of operation. For this reason, many Spaniards, English or Germans use their savings to acquire a second residence in the south of the continent.