New study highlights recovery of Spain’s coastal property market
Spanish property valuers Tinsa this month published their review of the housing market along the coasts for the first quarter of 2017. It showed a clear recovery in key locations including Mijas Costa, and a rise of 13 percent in approved building licences last year throughout Spain.
The study indicated that the presence of working cranes show this recovery and demonstrate the construction of new homes along the coast after a 6 year slump. They also highlighted a figure of 14,600 building licenses that were granted along the coast last year, a rise of over 12.8% on the previous year which they view as an encouraging trend.
Tinsa suggested that sales figures have also increased, and despite not all areas rising to the same extent, generally there is a rising demand which is pushing prices upwards.
Government figures supplied by Tinsa in their report showed that one of the areas in definite recovery is Mijas Costa where the number of properties sold in 2016 amounted to 2,506, a significant increase of 5.6% on the previous year. Mijas is also experiencing significant construction activity. The Tinsa map highlights this recovery. The dark green coastline shows areas experiencing a clear recovery. The blue house icon shows areas with significant construction activity.
Siesta Homes sees the potential of Mijas as a key location along the Costa del Sol. La Cala Hill Club is a beautiful development of unique 1, 2 and 3 bedroom apartments overlooking the Calanova golf course, and is ideally located midway between Marbella and Fuengirola. For more information about this stylish development please contact Siesta Homes on +34 951 204 324 or visit our website, lacalahillclub.com.