Property sales costa del sol
Despite the fact that it is still a very early stage in the year, there is already a good indication that 2021 will be a much busier year for property on the Costa del Sol. The first quarter of the year has been very buoyant, and prices are on the rise.
While Spain does not publish official selling price statistics (most available data is based on valuations or asking prices on online portals), a look at different sources gives a general overview of the situation. They all suggest that prices on the Costa del Sol are trending upwards.
The resale market is performing better than expected, but new-build sales are the real driving force. According to figures from the Registrars Association, new-build sales accounted for 27% of all purchases in the Costa del Sol in Q1, which is considerably more than in the previous two quarters.
This is not a surprise, as it is clear that demand for new-build property is stronger than ever. These properties have a very high appeal to buyers, as they offer more indoor and outdoor space than older homes.
It is also worth mentioning that there has been an increase in searches for properties with land, as well as rural and coastal locations. This is an indicator that buyers are looking for properties that will be able to offer them plenty of outdoor space, especially if they have children. property sales costa del sol