British buyers home boom

By | January 24, 2013

PUBLISHED: December 30, 2012 at 8:48 am • LAST EDITED: December 30, 2012 at 1:35 pm
Andalucia, Features, Malaga, Property • 6 Comments

British buyers home boom

PROPERTY sales in Malaga have shown the first sign of improvement in four years. Sales have increased by 3.5% in the nine months to September compared to the same time last year.

Foreign buyers were responsible for nearly a quarter of the properties purchased, snapping up 3,099 of the 12,692 houses sold in that period, according to the Ministry of Public Works.

Of those homes, 30% were bought by Britons, placing them at the top of the list of foreign investors in Spain’s property market.

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