In a report issued by Spain’s College of Property Registrars, last year a huge 33.92% of the properties sold in Málaga province – home of course to the perennially popular Costa del Sol – were purchased by foreigners, the lion’s share of whom, despite the inevitable uncertainties caused by Brexit, continue to be British.
Statistics provided by Tinsa valuation agency states that, during the first quarter of this year, compared with the same period in 2016, property prices have increased by 15% in Manilva, and by 11.3% in Marbella.
The areas receiving the most buyer interest are Marbella, Benahavis,Estepona,Mijas and Manilva.
We are also seeing an increased number of clients seeking property that is a little removed from the more frenetic and built up areas. This helps source a property within a more relaxed general environment. To do this clients do not have to consider buying miles away up in the hills. There are newly created developments that are within just minutes of beaches and shops yet offer an altogether different appeal.