One third of Malaga province's properties were built during housing bubble years

The years of the housing bubble still leave their mark on the real estate market in the province of Malaga. The intense construction activity in the first decade of the 21st century, which eventually led to a crisis, means that even today, one in three buildings in the province dates from the 2000-2009 period.

While the total housing stock in Malaga province comprises 1.53 million properties, those built during those ten years exceed 513,000.

Across Andalucía, the proportion is slightly lower, dropping to 28%: of the nearly seven million buildings, close to two million date from those years. The Andalusian province most heavily influenced by the construction of properties during those years was not Malaga but Almeria, where the 2000s accounted for almost 40% of all construction.

Manilva tops the Malaga province ranking, with 64% of the houses built between 2000 and 2009, approximately 18,300 of the total 28,560. In Andalucía, only the town of Vera in Almeria surpasses it with 70%.

In the province of Malaga, Benahavís, Casares, Alcaucín and Ojén also have at least half of their total housing stock built during that same decade, although almost all of that is outside their historic village centres. In Benahavís, for example, of the more than 16,200 properties in total, 10,000 were built between 2000 and 2009. The percentage of homes built in Cártama, Frigiliana, Mijas and Monda during the same period is almost 50%.

In short: in ten municipalities in the province, half or more of their housing stock was built during the years when the real estate bubble, which burst in 2008, was forming.

In addition to those municipalities already mentioned, in Benalmádena, Torrox, Mollina, Rincón de la Victoria, Alhaurín de la Torre and Montecorto, the construction of that decade accounts for at least 40% of all new buildings. In Marbella, the figure drops to 36.5%.

There are also some municipalities where the construction boom, during which more homes were built in Spain than in Germany, France and the UK combined, was barely felt. These are mainly small towns: of the 16 villages where construction between 2000 and 2009 accounts for less than 10% of the total, the largest is Cañete la Real, whose total housing stock barely exceeds 1,400 units.