When other Costa del Sol resorts saw property value drop by up to 70% during the global financial crisis, prices at La Cala de Mijas remained almost unchanged.
The opening of a new coastal boardwalk last October has become a huge hit with cyclists, joggers and dog-walkers and has been credited for attracting increasing interest in the area from overseas buyers.
“It’s been a massive draw,” says Andrew Partridge of local agent La Cala Sales and Rentals. “But we’ve also got to thank the huge investment from the town hall for driving the market. People buying property want to do so in an area where it is clear the town hall is investing.”
La Cala benefits from some of the area’s best schools and medical facilities, Partridge says, and a new roundabout and slip-road are improving transport links for residents. The agent has already had a “healthy” number of sales this year, he says, and sees “plenty more on the way”.