Light at the end of the tunnel for the Spanish property market?

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This year could be the year where all indicators on the health of the property market emerge from the red.

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Fuengirola property market

The summer months are traditionally a quiet time in the Real Estates business on the Costa del Sol as many of the people who visit the area are primarily in holiday mode. Beach, sangria and nightlife are the main concerns with little thought given over to property purchases.
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Developers turning unsold properties into VPOs

According to the Junta de Andalucia, of the currently 45.000 unsold properties in the province of Malaga, approximately 20.000 properties are suitable to be converted into VPOs (subsidised housing) and are anxious to do so. To date only around 700 properties have been converted.

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La Cala Resort

La Cala resort is located in the municipality of Mijas on the Costa del Sol in Southern Spain.

It is a residential/recreational area located between Marbella and Fuengirola.

La Cala is recognised by the Royal Spanish Golf Federation as the largest golf complex in the country. It has 60 holes of golf.

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