Costa del Sol
Real Estate Sales have grown in the last quarter of 2010 in Andalusia. This is undisputed. As an example, one can find the latest figures taking the month of August 2010. In the province of Malaga real estate sales were 2,400 units and this is the best result since May 2008. By many this is regarded as an indicator that the worst is over and the crisis in the real estate sector is over. Whether this is the case, only time will tell. One thing is undisputed, prices are so cheap and you will never see bargain prices to get your dream home, as at this moment. The luxury properties in Marbella and surrounding area have seen nearly 2,800 homes change owners. Especially buyers from Germany, Russia and the Arab states have made this increase compared with May 2008 possible. We can, in Video-Estates confirm this trend only for the last quarter. The average offer price of a villa in the province of Malaga is currently 1.5 million €. A comparable property would have in 2008 been around € 2.3 million. For the price range between €100,000 - and € 250,000, in December we received 40% more requests. Flats or apartments that are for sale are offered at the moment with 20 or 30% discount representing real bargain prices.
