The property sales costa del sol has had a very strong start to 2021, with resales and new-build property in particular performing well. As the article below explains, demand is high and prices are up. It is a far cry from the situation in 2020 when the Costa del Sol was recovering from a seven-week lockdown and demand for properties fell away dramatically.
During the first quarter, resales rose by a healthy 5.7% in February compared with last year while new-build properties saw a more modest increase of 3.1%. These figures are still significantly higher than Spain’s national average of 1.5% and 2% respectively.
In terms of price increases, resale property values rose by 11.2% over the past year to reach an average of EUR2,345 per square metre. New homes follow a different price curve and at the end of September, they stood at EUR2,810.
Tinsa (prices based on valuations) calculates that Costa del Sol prices are 23.5% below their peak in 2007 and 47.2% above their lowest level. This means that buyers have the opportunity to snap up a home at an excellent price in many locations from Marbella to Benalmadena.
When buying a property on the Costa del Sol, it is important to work with an experienced and reputable estate agent. At SLG we are dedicated to representing and defending your interests only and not the seller’s. Therefore you can rest assured that we will always negotiate the best possible price on your behalf. property sales costa del sol