Absolutely fabulous

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Property sales in Malaga Province are at their highest level since 2008 with the regional property market cruising through 2016 at stratospheric levels, doubling the volume of activity seen in Sevilla. 

More than 13,000 homes were sold in the first half of the year, an impressive 11.6 per cent increase on last year, with a significant proportion in the Costa del Sol, which continues to see international investors and foreign residents flock to the resurgent region. 

Indeed Malaga Province has proven itself a dominant player in the Spanish property market, accounting for a third of all Andalucian transactions, with more sales seen only in Madrid, Barcelona and Alicante. 

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The pulsating property sector has been charged with optimism in recent months, as records old and new continue to be shattered, and the market finally transcending the disastrous recession years. 

Coastal hotspots like the Costa del Sol have been the engine of this startling recovery, defying predictions to deliver constantly improving, consistently excellent results of late, injecting a vibrant boost to the budding national economy. 

Although industry insiders have honed their keen sense of optimism throughout the summer, the official figures and news will come as a welcome relief for those worried that the Brexit referendum might have an adverse impact on the local property market. 

Given sales forecasts are resoundingly optimistic, with serious expectations Spain will be fully back on track in a matter of years, if not months, such fears have proven to be unfounded. 

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