Costa del Sol property sales, rentals & management

Increase in building licence approvals as property market recovery continues

Increase in building licence approvals as property market recovery continues

February 2, 2017
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Both Málaga city and Málaga province which includes the Costa del Sol saw increased numbers of building licence approvals throughout 2016.

 

Terrace views over Marbella from apartment for sale

Luxury apartments for sale in Sierra Blanca mountains above Marbella

 

Málaga city saw the number of approved projects increase by 16.3% on the previous year with a total of 8,430 building licences being granted. With a value of 400 million Euros being placed on the works involved, approvals for the construction of new homes have seen the largest growth with the number of licences increasing 80% from 911 in 2015 to 1,629 within twelve months.

Elsewhere in the province coastal areas saw the most notable increases in planning permission with town halls to the east of Málaga granting around 10% more building licences in 2016. The town of Torrox recorded 51% growth on the previous year. Inland towns within the province however showed mixed results, whilst the levels of investment in projects launched in Antequera were up 61%, the number of building licences granted was down 5%.

Thanks to the annulment of the PGOU urban plan at the end of 2015 Marbella recorded somewhat different results with the Costa del Sol town granting planning permission for 2,459 new projects totalling 135 million Euros of investment. Whilst this represents a drop of 11% in 2016, this was not due to a slowdown in construction in the town, as there was an increase in the number of cases of planning permits, awarded in previous years, changing hands.

The number of building projects commenced in Marbella actually increased in 2016 however, as new permit applications were not required, these projects were not counted in the years figures.