4 Mar, 2010 @ 14:07
1 min read

Malaga house market hope

IT’S taken two years but year-on-year house sales rose for the first time in two years.

According to December’s sales figures 2,059 homes were sold in Malaga province, a 30 per cent increase on the same month in 2008, according to figures from the National Statistics Institute.

Housing market expert Jose Antonio Perez is confident the recent figures are an indicator that the property sector freefall is nearing an end.

Perez explained that low interest rates and the fact that IVA is set to rise in July are all encouraging people to buy once again.

However, the positive news was tempered by the huge year-on-year falls registered earlier on in 2009.

Some months saw declines of more than 40 per cent compared to 2008’s figures.

In total, 22,531 homes were sold last year in the province, a drop of 21 per cent compared to statistics for 2008.

Jon Clarke (Publisher & Editor)

Jon Clarke is a Londoner who worked at the Daily Mail and Mail on Sunday as an investigative journalist before moving permanently to Spain in 2003 where he helped set up the Olive Press. He is the author of three books; Costa Killer, Dining Secrets of Andalucia and My Search for Madeleine.

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  1. Merchants of doom can say what they like, but hear this, fairly priced, well located property is selling, this is not hype, this fact. OK the job has never been so tough, we all work harder and longer than ever before,we do not expect any medals for what we do, but those of us who love the job, will SURVIVE. (even if we do come to work on a push bike) The moral is simple,if you want a sale, price your property in line with what’s really happening in the market place. Genuine clients form an orderly I’ll be with you in a moment. PS I complained once that I had no decent shoes, then I saw a man with no feet.

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