Costa del Sol
The number of transactions rose by 22% last year, when 7,697 properties changed hands.
Mar 28, 2014 - 8:31 AM
House sales to foreigners in Málaga province is at its highest level since 2007
The number of transactions rose by 22% last year, when 7,697 properties changed hands.
Mar 28, 2014 - 8:31 AM
The Scandinavian Market led the increase followed by the French and Americans, and it was the Russians who invested the most money.
The numbers come from the Notary General Council which registers house sales in Spain.
With this increase, foreigners now purchase 46% of all the property sales in the province.
The notary also notes the size of the property purchased by foreigners which reaches an average of 196 square metres, but which varies according to different nationalities.
The Danes lead the way with an average size of 307 square metres, while the Argentinean average is the lowest at 119 square metres.
There are also differences in price according to nationality.
The average spend is 320,000 €, but the Russians spend 550,000 €, and those who buy the most property, the British and the Germans spend around 350,000 €
The numbers come from the Notary General Council which registers house sales in Spain.
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With this increase, foreigners now purchase 46% of all the property sales in the province.
The notary also notes the size of the property purchased by foreigners which reaches an average of 196 square metres, but which varies according to different nationalities.
The Danes lead the way with an average size of 307 square metres, while the Argentinean average is the lowest at 119 square metres.
There are also differences in price according to nationality.
The average spend is 320,000 €, but the Russians spend 550,000 €, and those who buy the most property, the British and the Germans spend around 350,000 €
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