Housing prices on the Costa del Sol in 2021
Before we go any further on this topic, we need to clarify that, as you can predict, the situation of the real estate sector on the Costa del Sol remains dependent on the coronavirus health crisis, so its evolution will be closely linked to the progression of the pandemic. With that in mind, we will try to bring you closer and clarify the information that is circulating in our environment in order to try to sketch out what we can expect in 2021.
By the end of 2020, prices along the coast have been falling due to the instability of the situation and the lack of foreign capital leaving the tourism sector. The reactivation of this sector is the key to optimal development in the coming months. With this data and the slowdown in the purchase of new homes, some studies estimate that during the year 2021, Malaga will see a reduction in the price of its properties between 5% and 7%. Interesting data if the current situation allows us to make any acquisition, since it would be at a lower price than before the start of the pandemic. As the Diario SUR says in one of its news stories, the reason this decline has not yet occurred is because sellers are cautious, but the devastation of the current situation will begin to manifest itself later this year.
However, the data is not as shocking as might have been expected. Price developments were increasing, and now it’s a slowdown, not a drop. Housing prices are thus at levels similar to those of 2007, even before the economic crisis. As we mentioned in another of our articles, experts also expect the value of expertise to recover during this year. In conclusion, this drop in prices, as well as the vaccine and medium-term forecasts of the end of the pandemic, make it a good time to buy before prices resume their usual escalation due to pressure from visitors from Northern Europe and the rest of the world. You can buy a property today with the same budget as a year ago. That’s why our agents are available to listen to you and answer your questions. We’d be happy to discuss that with you.
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AcapulcoCentro
25% de las propiedades con Home Staging se venden en menos de 10 días
60% de las propiedades con Home Staging se venden en menos de 30 días
90% de las propiedades con Home Staging se venden en menos de 60 días
«Acapulco center, has been a beneficiary of the European Regional Development Fund whose objective is to improve the use and quality of information and communications technologies and access to them and thanks to the fact that it has carried out the Web Presence projects to through its own page, Dynamization of social networks, Preparation of digital catalogs and Development of audiovisual promotional material for use on the Internet. to improve the competitiveness and productivity of the company. [2023]. To do this, it has had the support of the subsidy for digital modernization and the improvement of the competitiveness of self-employed people from the Junta de Andalucía. EUROPEAN REGIONAL DEVELOPMENT FUND