The Malaga region has been a popular place for holidaymakers for many years so to buy here makes sense. In 2017 the province registered 30,300 sales which is a 14.6% increase on the year before. This shows the region had the second highest number of sales per inhabitant in the whole of Spain.
Almost 30% of these homes were purchased by overseas buyers, placing Malaga among the most attractive provinces for the foreign buyer.
The Malaga figure almost doubles the Spanish average, which is 8.6 sales per thousand inhabitants. With a fabulous climate and great outdoors lifestyle you can see what attracts buyers here. Attractively priced property as well as a good selection of property types means you are likely to find the home of your dreams.
Malaga had the fourth highest number of sales with 26,436, behind Madrid (69,966), Barcelona (53,773) and Alicante (34,631) and ahead of Valencia (26,437), Baleares (15,799), Sevilla (14,663), Murcia (13,386), Las Palmas (11,682) and Tenerife (11,604).
In the whole of Spain, a total of 464,223 purchases were registered last year, which equates to a rise of 14.9% over 2016. Transaction data, both nationally and in the case of Malaga, are the highest since 2008.
Second-hand housing, which includes those owned by banks, accounted for 81.5% of sales in Malaga (in Spain it was 82.6%). That said it will be interesting to see how the market changes with so many attractive off-plan deals available in new build developments.
Meanwhile, the data shows the foreign buyer continues to be a key player in the sector, mainly due to the attractiveness of the Costa del Sol.
In 2017, overseas buyers bought almost 9,000 homes in Malaga, representing 29.6% of total sales. The percentage is somewhat lower than in other years (between 2014 and 2016 it moved around 34%) due to the gradual return of the national buyer’s market, but it continues to show the province’s allure for visitors.
Whether you are looking for a modern family villa or a lock and leave apartment we have sea view, frontline beach and frontline golf properties available that will inspire and excite you. Contact one of our team today to talk through your property requirements.