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Seventy per cent year-on-year surge in approval of plans for new-build Costa homes

Seventy per cent year-on-year surge in approval of plans for new-build Costa homes
  • Plans for 4,154 new-build apartments or houses have been given the great light in the first six months of this year

A report by Malaga province's association of professional architects (Colegio de Arquitectos) has confirmed that there is now a sustained recovery in the Costa property market.

According to their data, released on Wednesday, architectural plans for 4,154 new-build apartments or houses have been given their legal seal of approval in the first six months of this year, an increase of 70 per cent on the same period last year. Most of those new approvals have come in the last three months, with plans for over 1,000 getting the OK in June alone.

However only a small amount of social housing is being approved. In the second quarter of this year, plans for just 291 accessible homes got approval, almost all of which will be in Malaga city.