Property boom in Costa del Sol

In Marbella, the figure was 3,196 an 8.2% increase.

LAST UPDATED: 22 Dec, 2017 @ 14:48
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MALAGA city and Marbella are benefitting the most from the property recovery, new figures have shown.

According to Fomento, in Malaga a total of 5,289 homes were sold up to September this year, a 33%  on the same period last year.

In Marbella, the figure was 3,196 an 8.2% increase.

While Estepona sold less homes (2,121), its sales increased the most, by 33.4%. In Estepona Meanwhile, Mijas sold 2,097 units, a 13.1% increase while in Benalmádena 1,639 more units (+ 5.1%).

Fuengirola sold 1,388 homes, a 20.9% increase, while Torremolinos sold 1,332, a 3.8% increase.

It is the third consecutive year of strong growth for the Costa.

Some 93.9% of sales were second-hand, as new housing is still scarce.

Foreign buyers also continued to dominate, accounting for 34.4% of sales in Malaga and 67% in Andalucia.

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