Property Sales Costa del Sol
By the end of Q1 2022, despite international mobility being severely curtailed, property sales across the Costa del Sol had sped up. According to the latest Registrars Association quarterly review, 7,208 properties exchanged hands between January and March, representing a 14.4% increase on the previous quarter. Among them, new-build properties continued to gain in popularity. They accounted for a hefty 27% of the total market share, up from 15% and 10% in the two preceding years.
The hot market – the fastest in the country – was especially evident in some of the region’s property hotspots, including Malaga city where 20% of homes found a buyer within one week on the market. That figure rose even further in the case of Estepona, Marbella and Sotogrande, where 23% of listings spent less than a week on the market.
However, the figures don’t reveal how many of these properties were sold to locals rather than to international buyers, and in some cases they only provide a partial picture of the market. Spain does not publish official selling prices, with the only statistics available based on valuations and asking prices on online portals. Nonetheless, they give a good idea of how the property market is shaping up. property sales costa del sol