When you analyze the information provided by the Ministry of Housing you always find something interesting and in some cases surprising. This month I am going to study, with the information for the whole Malaga province, Where and What type of properties were sold up to the third quarter of 2012.
“Where” can be seen on the following chart and it did not surprise me. The Council with more sales is Malaga city followed by Marbella, the two biggest councils of the Costa del Sol. What it is interesting is to see how spread the percentages are among the councils taking into account the different sizes of each municipality and to confirm that these councils have one common characteristic: all of them are coastal.
I have divided the “What” in the type of property and the purchase price. Most of the properties that sold during the first three quarters of 2012 were apartments with prices below the 300.000 € figure. In that range, it is remarkable that 63% were priced below 150.000 € a figure somewhat low for the market of Marbella and Benahavis but it is important in other markets of the province. On the other side, it is also remarkable that, and I commented the same some months ago, only less than 2% of the sales were of properties priced over the 600.000 € barrier. Most of the luxury properties are here.
