[1/3] People with their dogs enjoy the sun in front of the sea during unseasonably warm temperatures in Malaga, southern Spain, January 4, 2023.
Property purchases by foreigners increased by 62% from a year earlier in the region of Andalusia, which includes Malaga, in the first half of 2022, according to the Centre for Statistical Information of Notaries.
The local government last year eliminated a wealth tax that obliges residents and non-residents to pay income tax on money held abroad.
Citigroup (C.N) announced in March 2022 plans to open a hub for junior investment bankers in the city, offering what it said was "a better equilibrium between work and private life to attract young talent".
Additional reporting by Jesus Aguado; Writing by Charlie Devereux; Editing by Andrei Khalip and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.