Costa del Sol leads Andalucía property market recovery

Costa towns top list for price and sales increases and new development

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Stock of unsold homes dropped last year and average home prices increased (Photo: CDSN)

THE Costa del Sol’s property market has shown the strongest recovery in all of Andalucía’s coastal zones, based on number of sales, price increases, reduction of unsold stock and new development, according to a report issued last week by property appraisers Tinsa.

Looking at appraised prices in the first quarter of this year, nearly all of the coastal towns in Málaga province posted year-on-year increases, and seven of them saw the biggest price boosts along the entire Andalucía coast. Casares, topped the list, with a 9.4% jump, followed by Torrox (8.7%), Torremolinos (7.2%), Mijas (7%), Málaga (6.7%), Nerja (5.6%) and Marbella (5.5%). Only Fuengirola and Rincón de la Victoria showed a decrease in prices, down 5.6% and 2.3%, respectively – though Tinsa expects them to show positive growth moving forward.

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