According to a recent study by the appraisal firm ST Sociedad de Tesación, throughout Spain’s Mediterranean coastline, the Costa del Sol has the largest stock of new homes for sale.
Contemporary townhouse development for sale in Mijas Costa
Including properties that are off-plan, under construction and completed but not yet sold, the audit found there are 2,482 new homes for sale in the Costa del Sol. However, despite having the largest inventory, Málaga’s coastal region, has the least problem in terms of excess inventory.
Along with Murcia, the inventory of new homes on the Costa del Sol has the most balanced distribution with both regions being no greater than 70% of the volume of development.
Second to the Costa del Sol is Alicante’s coastal region, home of the the Costa Blanca, with a stock of 2110 new homes. The Costa Dorada, Murcia and Costa Brava coastlines trail behind with new home stock of 378, 345 and 279 respectively.
The average size of new homes on Spain’s Mediterranean coastline is 112 sqm and the average sales price 210,760€. Of all the new homes available for sale on the Costa del Sol, 287 are priced in excess of 500,000€ pushing the average price for the region to 353,000€.