A report in The Sur stated that property sales in the province of Andalucia are at their highest since 2008 according to statistics regarding the Transfer of Property Rights in March which were published last week.
The highest number of properties changed hands in March which at 2,925 is almost 100 a day and the highest since the month of April nine years ago. Compared to last year the growth was 37 %, whilst the accumulated growth during the first quarter of this year is 19.6 %.
Property sales in Spain during March as a whole were fantastic, with a 26.9 per cent year-on-year increase bringing the total to 40,461, the highest registered in the country since February 2011.
The Association of Constructors and Developers held their annual meeting in Malaga recently and a spokesman stated that “during the first quarter of 2017 permission has been granted for twice as many homes as during the same period last year”.
Reports in The Olive Press state that Andalucia is one of the cheapest places to buy property in Spain too. Their article goes on to say that although prices for resale properties in the region increased by 0.8% in April, the cost per square metre of property is still around 11% lower than the Spanish national average.
Further indication that Spain and particularly Andalucia are hot right now include hotelier investment. The Melia group are taking over Atalaya Park in Estepona, giving the four-star hotel an €18 million renovation. The Sol Marbella Atalaya Park is expected to have six restaurants and bars, an outdoor pool and playground and 468 rooms . Tourism to the area is further boosted by the launch of the 5-star W Marbella Resort set to open in 2021.
It is no wonder the property market is moving as there are some fantastic deals and offers around right now. One of our developments offers the opportunity of a free mini cabrio if you reserve a property within certain dates. Others are giving away free furniture packs and in an environment when the British pound doesn’t quite get as much as it used to, all of these things add up to real value.
If you are interested in any of our properties or offers, contact one of our team today and turn the dream of owning your own property in the Costa del Sol a reality.