What range of properties are buyers buying?

I have found some interesting official information that, although only refers to Malaga province and the first quarter of 2012, it can give an indication on what is being sold. I have to say that the data surprised me:

- First of all, that more than half of the properties being sold are priced below the 150.000 € figure. In my market it is not easy to find those but it is clear that in the Malaga province a number of them are being sold.

- Looking on to the next range, and this is where most of my two and three beds are in, 91 % of the properties sold were priced below 300.000 €.

- Going even further, 99 % of the properties that left the market were sold below the 600.000 € mark.

- Only 1 % of the properties sold in the first quarter of 2012 were valued over 600.000 €. Most of the villas are in this range.

I am quite sure that the numbers for Marbella and Benahavis are somewhat different with higher percentages on the higher levels but even if we take off the lower range, the percentage of sales over the 600.000 € range won’t be higher than 2%. I would have thought that it was going to be higher.