2021, best year in property sales since 2007
03 March 2022
Director of Alanda Properties
As I cared to point out in all my blog posts last year, 2021 was shaping to become an exceptional year for the real estate industry.
2021 saw 565,523 house sales. We need to go back in time 14 years to witness such a good year. This is almost a staggering 35% increase in property sales year-on-year.
Out of all of Spain, Andalusia ranks as the number one region in increase of property sales. Andalusia ranks in Spain as the third region by overall number of property sales.
And within the region of Andalusia, Malaga province shines and crowns itself as the best-performing province by number of property sales. Some districts in Malaga have appreciated in value by over 40% over the last two years. If that is not a property boom, then frankly I don’t know what is.
The main reason behind this property boom can be pinned to Andalusia’s ultra-low taxes.
If you like paying little to no taxes, Andalusia is your kind of place.
Contact me at Alanda Properties if you are buying or selling property on the Costa del Sol and Sotogrande. You will be surprised to learn the deals this new market has to offer on prime locations.
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