MALAGA PROVINCE RECORDS A SLIGHT UPSURGE IN PROPERTY SALES

Malaga province has recorded a slight upsurge in property sales, fuelling speculation that the end of the property slump could be in sight. The boost is in contrast to the picture throughout Spain and the rest of Andalucia where property prices continue to be in negative figures. In July Malaga recorded a 15 per cent increase in the number of property sales. The province came fourth behind Madrid, Barcelona and Alicante and recorded a third of all property transactions in July. Promoters say that the existing property stock will soon be exhausted and there will soon be a demand for new developments.