What is being sold in Malaga Province

I have always considered that it is important for us to know exactly what is being sold in the area we work at. In this line, the data of the percentage of units sold per price has always attracted my attention because most of the sales in the province of Malaga are properties under 150.000 €, 60% of the total units closed, and in the area I work at, Marbella and Benahavís, that is a product that hardly exists.

On the chart attached, it can be seen the percentage of units sold on different price ranges and how it changes with time. There are two important conclusions we can extract from this chart: the first is that 60% of the units were sold under 150.000 € and that between 85% and 90% of the units were sold below 300.000 € and , the second , is that the tendency shows that in 2015 there were more properties being sold on the higher ranges, on properties on top of 750.000 €, where the percentage doubled in the last three years. Why is that important to Marbella and Benahavís, because, as it can be seen on the charts below, only 3,7 % of the properties below 150.000 € in the province of Malaga are in Marbella and Benahavís and, on the other side, 64,7% of the properties of top of 750.000 € are here. Therefore, and as conclusion, this change of tendency in the market for higher end properties will affect more positively to Marbella and Benahavís than to the rest of the municipalities of the province of Malaga as we are seeing on the positive evolution of the transactions of these two councils.