First time in years this share of business is achieve in Spain by Foreign Property Investors
The year 2013 has marked a before and after in the real estate sector in the province. In this new page I write this activity highlights are foreigners who have pulled the sale of newly built properties , to the extent that they are those who have bought half of the homes sold in the entire year , according to data provided by the President of the Association of Builders and Developers of Malaga, José Prado. Specifically , the figure 4,640 transactions that have sealed buyers outside our borders , the 9,526 sold in this period. Prado said that this market share reached foreigners over the past year had not occurred in the province or in the best years of this activity , including the historical period of 2007. This record year of 45,000 units sold , 16,800 were acquired by foreigners.
“The return on investment in residential housing has experienced tourism growth in 2013 that had not occurred in the last six years,” Prado , which increased to 33 % growth recorded last year , compared to 22% of said overall increase in transactions.