26 Dec, 2017 @ 10:00
1 min read

Property boom in Costa del Sol

costa del sol start  e

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.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

1 Comment

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

    No, it was the second year of growth for two places on the Costa del Sol. Big difference Laurence.

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