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Malaga, nestled in southern Spain on the Costa del Sol, is steeped in history, boasting a vibrant population of approximately 590,000 residents. Diane and Guillermo have a precise set of requirements for their future home, such as proximity to international airports, a good public transportation network, outdoor activities, an ideal climate, safety, affordability, and a preference for certain housing styles. They also outline their expectations in the video description, making their pursuits clear.