When you consider that this time last year, Spain was still recovering from a seven week total lockdown and the property market ground to a halt, today’s figures show that the Costa del Sol is in good health. Sales in both resale and new-build properties have been brisk, especially for the latter. This is due partly to the lifting of travel restrictions into Spain, but also to digital advances that allow buyers to view, inspect, get a mortgage and complete the transaction without setting foot on the Costa del Sol.
The sales figures also suggest that there is considerable pent-up demand in the sector and that this will likely increase as the summer months approach. Tourism is back to pre-pandemic levels already and this, in turn, is boosting the local economy and the property market.
Official figures have not been released for the first quarter of 2023, but the property hotspots of Malaga, Benahavis and Estepona all appear to have started the year strongly. In fact, according to valuations company Tinsa, prices in these three areas were up by more than 16% on average compared with the previous year.
Our partners at SLG Property Group have some excellent new-build opportunities in the luxury Urbania Residential Resort developments in Malaga and Marbella, including stunning villas with sea views and private pools as well as stunning apartments and townhouses with communal pools in the heart of the Costa del Sol. We can assist you with finding the right property to meet your requirements and budget, and then negotiate on your behalf with the developer and their selling agent. property sales costa del sol