According to Premier Marbella news sources, official figures show positive growth news for Malaga property sales. In a recent statement issued by the leading building promoters and architects, it was announced that even though the recent indicators are positive towards Malaga property sales, until the stock of unsold built properties are disposed of the new construction sector will not reactivate.
Recently, official figures on the current situation of the real estate sector in the province of Málaga were released by the College of Architects, on the one hand, and the National Institute of Statistics (INE), the other, which did not show any significant changes over the last few months. Malaga property sales maintained the upward trend that began late last year.
From January to May this year, there have been more than nine thousand registered transactions across the province, representing 10% more than the same period last year. The report shows that the projects approved by the architects have reached an all-time minimum low with no sign of a rebound. As of June, only 284 new projects have been approved across the province, 57% less than in the first half of 2013.