It seems that recent high levels of interest in property for sale on the Costa del Sol remain undimmed, new data having shown 14% growth in the Spanish property market last year. This represents the steepest increase in home sales in the country since the period leading up to the previous real estate boom.
According to the National Institute of Statistics, 362,182 transactions were listed on the Spanish home sales register in 2016, 14% more than during the previous year and 7% higher on a month-by-month basis.
Three consecutive years of market expansion
Among the experts to comment on the news was Spanish Property Insight’s Mark Stücklin, who said the market had now grown for three years in a row since it bottomed out in 2013. Indeed, double-digital annual growth has been recorded for each of the last two years.
Stücklin was also heartened by “a real and sustained recovery in home sales… there is also room for more growth… small investors are moving out of cash and deposits and into property, and this trend will probably continue into 2017.”
Team up with Winkworth in your search for Costa del Sol property
Amid so many indicators of the Spanish real estate sector’s continued rude and indeed, improving health, now may be the best time for years to investigate the current property for sale on the Costa del Sol.
Here at Winkworth, we are great believers in listening to and working closely with our clients to help match them to the right homes. We have been property market experts since we first opened in London in 1835, and can be your dependable partners when you wish to find the Costa del Sol property that best meets your needs and desires.
Don’t miss out on the chance to invest now, during a decisive upswing in the Spanish property market. Talk to us about the most luxurious villas, townhouses, apartments and other types of property currently on sale throughout such localities as Marbella, Estepona and Sotogrande, and you could be sitting pretty for big rises in property values and sales figures in the years to come.