Costa del Sol leads Andalusia’s real estate market, accounting for 28% of all homes sold in the region. Recent data shows property sales in Málaga province, including Costa del Sol, have risen steadily over the past two months (June and July 2024). In July 2024, 3,171 homes were sold in the province. This represents a 5% increase from June and a 14.2% rise compared to July 2023.
The Málaga region remains the most active province in Andalusia’s property market, responsible for 38% of the total homes sold. In July 2024, home purchases saw a significant 19.4% increase from the same period last year.
On a national level, 57,302 properties changed hands in July. This figure marks the highest monthly total since September 2022 and the best July since 2007 when 63,000 properties were bought and sold.
Housing Market Breaks All Records
According to official data released Thursday, the Málaga region has broken all records. The price per square metre in the province has surpassed 3,700 euros, which is higher than before the housing bubble burst in 2008. Back then, the figure stood at 3,348 euros per square metre, according to Spain’s Ministry of Housing.
Now is the Time to Invest in a Costa del Sol Property!
With rising property sales and record-breaking prices, now is the perfect time to invest in Costa del Sol’s booming real estate market.
Contact us today and let us help make your dreams come true!
