The property market in Granada and the Costa Tropical has seen some notable changes this month. From infrastructure investments to new developments and housing trends, there’s plenty to keep an eye on. If you’re a local homeowner, these shifts could impact your property’s value and the wider market.
Major Investment in Granada’s Infrastructure
One of the biggest announcements this month is the €100 million investment into transport and infrastructure across the province. A significant portion of this will go towards expanding the Granada Metro system, making it even easier to navigate the city. Improved accessibility is already making Granada a more attractive destination for both tourists and long-term residents. The last five years have seen a surge in weekend tourism, and these new transport links are expected to fuel that trend further.
Coastal Growth: Motril’s New Hotels & Housing Expansion
Down on the coast, Motril is set for a huge transformation with the construction of four new hotels. These developments are focused on sustainable tourism, ensuring that growth in visitor numbers is managed in a way that benefits the local economy without overwhelming the region.
Alongside the tourism push, there will be a large housing expansion, including over 1,000 new homes. Of these, around 400 properties will be allocated as affordable housing, a much-needed boost for the local community. With demand rising, especially among international buyers, this move will help maintain a balanced market and prevent price surges that make it difficult for locals to buy.
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Property Prices on the Rise
If you’ve been following the market, you’ll have noticed steady price increases. In Motril and Salobreña, property values have risen by 2% in the last month alone and 7-8% year-on-year. This isn’t a property bubble—it’s a steady, healthy trend. More people are recognizing the Costa Tropical as a prime location, thanks to its natural beauty, improved infrastructure, and more sustainable development.
Tourism License Changes – Major Fines for Non-Compliance
If you own a holiday rental, you need to be aware of the new tourist license regulations. The government has significantly increased inspections and enforcement, with fines of up to €600,000 for non-compliant properties.
Key changes include:
- Strict enforcement of advertising regulations – If your property doesn’t display a valid license number, you could be fined.
- More difficult application process – New rules mean licenses won’t automatically transfer when a property is sold. Buyers must now reapply under the updated requirements.
- Community approval in apartment blocks – If your home is in a shared urbanization, your neighbours now have a say in whether a new tourist license is granted.
If you’re unsure whether your rental property complies, it’s worth getting expert advice. At Hola Properties, we have the latest information and can guide you through the process.
Who’s Buying? More Interest from U.S. Buyers
One interesting trend is the increasing number of buyers from the United States, particularly from California. Many are drawn to Granada and the Costa Tropical due to its climate, lifestyle, and lower cost of living compared to major U.S. cities. The Golden Visa changes have also accelerated purchases, with many buyers looking to secure residency before policy updates take effect.
What Does This Mean for Homeowners?
For those thinking about selling, this could be the perfect time. With demand rising, prices increasing, and new developments drawing attention to the region, properly marketed properties are selling well.
If you’d like an updated valuation of your home, or need advice on the best way to sell in today’s market, get in touch with us. We provide honest, straightforward advice and don’t charge buyer’s fees, which can save you up to 5% on costs.
📞 Call us today at 0034 858 215 333 to find out how these changes affect you.
🌍 Visit us at www.holaproperties.com for the latest market insights.
