“Quality housing supply must be increased due to the rise in international demand thanks to new educational projects”
Sergio Sánz
Residential & Alternatives. Capital Marketssergio.sanz@savills.es
Residential & Alternatives. Capital Marketssergio.sanz@savills.es
This increase, together with the forthcoming opening of two private universities in the city, has boosted the development of new student residence projects, all of which is helping to position Malaga in the circle of university cities in Spain. Although the number of beds in operation and under development in recent years is increasing, prices are expected to rise. Institutional investors are interested in this type of living assets in Malaga, one of the leading locations for the development of new projects. The growth of this sector is underpinned by the announcement of the opening of two new residence halls in the medium term, which together with the recent inauguration of three more will add 613 new beds. The evolution of this market transcends the student halls of residence, as some of the new students will do internships and join the Malaga labour market. The increase in skilled labour can help the development of multinationals and tech companies in the city. It is a rapidly evolving segment that will contribute to the progressive improvement of quality accommodation and services offered by Malaga in order to continue attracting talent from all over the world.