Andalucía’s Property Market is Operating at Four Speeds

3 March 2019 – ABC Sevilla

According to INE, more than 100,000 homes were sold in Andalucía in 2018, a figure not seen since 2008. That figure represented an increase of 13.1% YoY, but growth was far from uniform across the region.

The main driver was the province of Málaga, where almost 32,500 homes were sold last year, up by 5% YoY. In fact, Málaga, along with Barcelona, Madrid, Alicante and Valencia accounted for almost 40% of all house sales in Spain as a whole in 2018 (with 235,000 sales between the five provinces).

Elsewhere in Andalucía, 17,626 homes were sold in the province of Sevilla, up by 19% YoY. Its rate of growth was higher than in Málaga since the recovery started there two years later.

In this sense, Francisco Martínez-Cañavate, President of Fadeco Promotores (pictured above), points out that “there is a lot of demand in the province of Málaga; then there is a second speed in Sevilla; a third in Cádiz, Granada and Almería; and finally a fourth in Córdoba, Huelva and Jaén”.

Original story: ABC Sevilla (by E. Freire)

Summary/Translation: Carmel Drake

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