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The demand for the Costa del Sol keeps increasing
which good news for the whole region
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A report published by the Spanish Ministry of Development
showed that between January and July 2016, 70% of the properties in Andalucía
sold to foreign buyers were in Málaga, which is the home of the Costa del Sol. This works out at 4,978 transactions, which is a 16.9%
increase compared to this same period of time in 2015.
At the regional level there was a total increase in foreign
purchasers in Andalucía of 18.9%, up from the 5,973 property transactions
across the first six months of 2015 to a total of 7,105 sold in the same period
for 2016.
The other Andalusian provinces are falling behind Malaga when it comes to properties sold to foreign buyers. Almería saw 797 real estate
transactions registered, which was an increase of 33.7% for the first semester
of 2015. Granada had an increase of 13.9% with 409 sales; Cádiz had an increase
of 4.6% to 405 transactions; Sevilla had an increase of 47.1% to 262
transactions; Huelva had an increase of 23.5% for 126 transactions; Jaén saw an
increase of 49% for 79 transactions; and Córdoba came in last place in terms of
transactions with an increase of 16.6% for 49 transactions.
