Malaga property monopoly

LAST UPDATED: 14 Nov, 2016 @ 11:17
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spanish-property-market-still-hope-650x220SOME 8,000 people in Malaga own more than a dozen properties each while a staggering 664 own more than 50 each.

It means that 0.5% of the province’s population own 96,000 of its properties.

The figures suggest the wealthiest individuals were able to monopolise the market after the 2008 crash while those at the lower end were forced to sell their second or third homes.

Overall, the new figures have shown strong progress in Malaga, which now boasts 300,000 property owners, up by almost 100,000 from 2006.



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