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Málaga’s new Picasso Towers selling fast

The luxurious apartments and penthouses that form part of one of the most exciting new real estate projects in Málaga, are proving highly popular, with over 30% of properties in the first tower already sold.

Situated on the Paseo Marítimo de Poniente, right by the beach and close to the city’s beautiful and vibrant historic centre, the Picasso Towers are proving to be very much in vogue with both local and international buyers. Such is demand that almost a third of the homes within the first of three 21-storey towers to be constructed have already been reserved within a question of a few months.

Together, we’re talking about a new project that will add 213 new modern homes to the housing stock of the city – and with interior space varying between 132m2 and 404m2, the total surface created will be almost 87,000m2, most of it overlooking the Málaga shoreline, the Mediterranean Sea and the nearby beaches that are no more than a stroll away.

The popularity of the project is, in fact, easily explained, for while there has been much new development in the area between Fuengirola and Sotogrande, with the main focus on Marbella, Mijas and Estepona, this is one of the first new projects of its kind in Málaga, a city that has been on the rise for some time and in desperate need of luxurious modern homes.

The location of the Picasso Towers on the Paseo Marítimo de Poniente is also a key factor for the development’s success, for in addition to fantastic sea views, it also places residents within a short stroll of a fantastic beachside area full of restaurants, cafés, parks and also the ability to walk, jog, exercise or hit the beach.

What’s more, downtown Málaga and its shopping, dining, professional services, museums, cultural offer and beautiful historic architecture are also just a short distance away, making this a fantastic lifestyle option for people living and working in Málaga, as well as those looking for a comfortable pied-à-terre here.

Modern style and luxury in Málaga
The properties, the first of which will be delivered early in 2021, also have the benefit of a total of 51,000m2 of public green spaces and communal facilities, which include swimming pools, gyms, a wellness centre, as well as other sports and leisure amenities. There will even be areas dedicated to children, such as a day care centre and a social club for parents and kids alike.

The interiors are modern, open-plan and sleek, with floor-to-ceiling windows and panoramic terraces measuring between 35m2 and 80m2 and letting in both natural light and those wonderful sea views. With modern kitchens and bathrooms, good quality finishing and up to date home automation systems, these are very desirable 21st century homes, yet prices start below €400,000 and run up beyond €3 million for the largest 400m2 penthouses.

Málaga has been needing a landmark development of this kind, so it’s not surprising that the reaction has been so positive.

Move Project
Move Project is a specialist consulting business that manages professional and experienced teams working on exclusive property developments in Marbella and other sought after locations on the Costa del Sol.