Here are some key real estate property statistics for Costa del Sol that would be suitable for a stats page on a real estate website:
Property Prices
- Average property price: €1,420,714
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- Average price per square meter: €3,482
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- Year-over-year price increase: 5% (first half of 2024 compared to 2023)
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Market Trends
- Sales volume: 35,500 properties sold in the year to September 2023
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- Foreign buyers: 35.3% market share in Q3 2023
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- Luxury market: 35% of properties priced over €1 million
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Top Nationalities of Foreign Buyers
- British: 10.1%
- German: 7%
- French: 6.7%
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Price Increases by Area (April 2023)
| Location | Price Increase | Average Price/m² |
|---|---|---|
| Estepona | 19.3% | €2,993 |
| Marbella | 18.6% | €4,138 |
| Manilva | 18.8% | €2,149 |
| Benahavís | 7.5% | €3,981 |
| Sotogrande | 7.8% | €2,723 |
Rental Market
- Rental rate increase: 22.1% year-on-year (2023)
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- Average rental price: €12.6 per square meter (March 2023)
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Areas with Lowest Average Prices
- Manilva: €428,830
- Torremolinos: €487,493
- Fuengirola: €687,975
- Mijas: €703,298
- Casares: €730,417
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Market Outlook
- Continued price growth expected due to high demand and limited supply
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- Sustained interest from international buyers, particularly in luxury properties
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- Ongoing development in areas like Marbella and Estepona
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These statistics provide a comprehensive overview of the Costa del Sol real estate market, highlighting key trends, price points, and future prospects for potential investors and buyers.
