February 13, 2018

Property prices have increased throughout the Malaga Provence and show no sign of slowing down. According to Kyero, the median asking price is 330,000 Euros with an annual trend of plus 7.7%. When I reviewed their stats, they focused on 10 destinations within Malaga – Marbella came out top with an average price of 650,000 Euros to Torrox with an average price of 149,000 Euros.

Mijas Costa had the highest annual trend of 28.9% with Estepona area not far behind. This is due quite heavily in the new development surge at the end of 2016 and 2017, with a lot of focus in Mijas Costa – particularly La Cala and areas surrounding Fuengirola. In Estepona, there are many new developments around La Resina, Selwo, Estepona Golf and frontline towards Casares Costa.

Demographically, the highest investment groups are within the 45 – 64 age range – Nationality is 61% European, 29% British and 15% International. The main investors are English speaking with a high percentage of Dutch, Flemish and French investment.

The most interesting figure for us as an Estate Agent in Manilva is the comparison between property available for sale versus buyer´s enquiry patterns. Investors are still looking for bargains and demand for property between 100 – 150,000 Euros is the focus when 2 years ago, it was below the 100,000 Euro mark. In comparison the budget of 250 – 500,000 Euros is the price bracket of new developments, but not a high investment at this time. We have heard of Scandinavian investment within this price range but long term this is not sustainable due to their smaller populations. The British buyer is still the strongest and most consistent on the coast.

Demand for apartments out-weighs villas and townhouses, so perfect for Manilva and Casares Costa with all the wonderful established developments we have in close proximity to facilities and the beaches.

This information is very encouraging as growth may have spiked in certain areas of the Costa del Sol, but Manilva and Casares Costa is showing a positive healthy increase and property sales are buoyant.

In summary, Manilva, Duquesa and Casares Costa are the areas who have the supply for the demand of the current investor and if the start to 2018 is anything to go by, the future is very promising indeed.