"The province could close the year with visa registrations of more than 7,400 new units".
Malaga continues to push new construction, although it is slowing down with respect to 2019. From January to May, more than 3,000 homes were approved in the Andalusian province, which represents an increase of 22.6% compared to the same period last year, according to data from the Ministry of Transport, Mobility and Urban Agenda. This increase comes in contrast to the slowdown in the number of approvals experienced by the Spanish market as a whole.
If this pace of new supply is maintained, the province could close the year with a record of over 7,400 new units, which would mean surpassing the records of 2021, which closed with 7,300 approvals.
Malaga's good momentum has not gone unnoticed by large companies, which have announced major investments in the province for the coming years. The proptech Casavospecialising in online home buying and selling, announced an investment plan of more than 10 million euros to acquire homes in the capital. Recently, Lagoom Living, joint venture consisting of Otero Group e Iberian Yield Investment ABreported the development of 1,000 dwellings. build-to-rent in the next two years, with a forecast to have developed 400 of these units by the end of 2022.
The CEO of DEXTERYeidy Ramirez, underlines that "Five years ago we noticed the great momentum of Malaga, the capital and the entire Costa del Sol, the beach areas and golf. That is why our investment funds have increased year after year their commitment to financing growing companies here, with great strength in the real estate sector but also in other sectors of the economy. And this trend is currently very strong and has a very attractive inertia".concludes the first executive of DEXTER.
