Euro Weekly News - Costa del Sol 15 - 21 May 2014 Issue 1506

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ISSUE NO. 1506

15 - 21 MAY 2014

WWW.EUROWEEKLYNEWS.COM

HOME-OWNERS stuck in ‘unsaleable’ properties for years have been given a glimmer of hope as real estate sales rose by 11 per cent in the first three months of this year in Malaga Province. The National Institute of Statistics said there were 5,587 property sales, 552 more than in the first three months of 2013. March was a particularly good month, with 1,839 properties sold in the province, a 105.7 per cent rise on March last year. However, the fact that property purchases were no longer tax deductable from March last year has to be taken into account because it meant there was a fall in purchases compared to the

PHOTO: Arena Photo UK / Shutterstock.com

Property market up

previous months of 2013. Malaga was the Spanish province with the fourth highest number of property sales in 2013, reaching

levels seen in 2010 and 2011. If sales continue at this rate, more than 20,000 properties could be sold this year in the province.


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