Another distinguishing feature is that half of all transactions were cash transactions<\/strong>They have been able to save, invest or sell a previous property. For this reason, they have shown themselves to be oblivious to the rise in interest rates. In fact, this moderation in demand and the halt in the increase in prices \"will be much less noticeable\" on the coast of M\u00e1laga during 2023, stresses the CEO of Real State Business School,\u00a0Jos\u00e9 Antonio P\u00e9rez<\/strong>a study centre with a long history in the real estate sector.<\/p>\n <\/p>\n Overall, Real State Business School estimates that\u00a0the average price of housing in the Andalusian province will rise by 4.5%\u00a0<\/strong>in the current year to an average of 344,577 euros. These values are higher on the Costa del Sol than in other Andalusian enclaves due to the higher average prices. A ticket that goes from half a million to 900,000 euros when it comes to high-end products, with the exception of luxury villas and flats that exceed one million euros. \"On the Costa del Sol, other markets coexist, such as the high-end, with much higher averages even in mortgages,\" P\u00e9rez explains.<\/p>\n The first estimates agree that \"the growing trend of demand on the Costa del Sol persists\".<\/p>\n Premium zone\u00a0<\/strong><\/p>\n The classic golden triangle remains concentrated in the area between the west of Marbella, the south of Benahav\u00eds and the east of Estepona. It is here that the real luxury and top brand market extends, \"dragging along other second and third brands in Real Estate, motoring, furniture, restaurants and a long etcetera\".<\/p>\n According to the latest statistical report by Tinsa IMIE Local Markets, the province of Malaga was, together with the Balearic Islands, one of the two areas where the greatest effort was made to purchase a home in 2022. In fact, the Malaga rate reached 40.7 %. Even if the average household becomes more sensitive to high inflation and rising prices, Arias rules out a major change and advocates a \"gradual slowdown\", convinced that demand will be maintained and the supply of housing will be adjusted.<\/p>\n <\/p>\n Foreign investor<\/strong><\/p>\n According to developers, consultants and real estate agents consulted by Real State Business School, the main investors in Costa del Sol products continue to be British, German, Scandinavian, Belgian and Arab. However, it is symptomatic and even ironic that in certain developments, real towers of Babel are emerging. The trends continue, anchored during the pandemic, which \"demand free, private and open spaces, with large terraces together with energy efficiency, sustainability and respect for the environment\".<\/p>\n The latest housing report by Gesvalt, a consultancy firm specialising in real estate, places Malaga as the Spanish province with the highest increase in house prices during the last four months of 2022. This rise stood at 15.5 %, which gives an average price of 2,413 euros. However, Tinsa moderates this percentage increase and halves it to 7.6 1Q2022.<\/p>\n<\/div>\n <\/p>\n If you are looking for\u00a0flats for sale or rent, on the costa del sol, <\/strong>\u00a0\u00a0come and visit\u00a0#MedHillsFuengirola<\/a>new homes for sale in Fuengirola<\/strong>. Your future awaits you.<\/p>\n![\"Fuengirola,](\"https:\/\/medhills.es\/wp-content\/uploads\/2023\/04\/pexels-pedro-luis-dominguez-ruiz-15487993.jpg\" "\\"\\"")
<\/p>\nThe Costa del Sol is divided into several areas, depending on the purchasing power of the buyer:<\/h2>\n
Record fourth quarter\u00a0<\/strong><\/h2>\n