A meeting outside the offices of Swedish realtors, Fastighetsbyran. / MIGUE FERNÁNDEZ

Demand soars from Swedish buyers for Costa del Sol homes but there is a shortage

Interest in home on the Costa is at an all-time high among Swedes, with showing higher interest than in 2019 and 2020

IGNACIO LILLO MALAGA.

Sales of homes in Malaga and the Costa del Sol to Swedish citizens are going through an unprecedented boom period.

The province is in vogue and this is reflected in data from the real estate sector, which has now exceeded not only levels from the disrupted year of 2020 but 2019 as well.

The figures come from Fastighetsbyran, Swedish real estate giants and part of Sweden's biggest bank. The firm has just moved into new premises in Malaga city centre, close to the Atarazanas market.

"2021 is turning into a fantastic year; if it weren't for the bad figures of January to March, the full year could have been a record," said Sarah Severin, who runs the local franchised operation. Fastighetsbyran has offices in Malaga, Torremolinos and Alhaurín de la Torre,

The firm also had its best September ever locally, when "103 families found a home through us, double 2020 and 33 more than 2019," she added.

The real estate firm has an international client base, of whom half are Swedish. The most sought-after type of home is with a garden or terrace and two bedrooms for 300,000 euros, as buyers swap their traditional second homes in the Swedish countryside for a place in the sun.

The problem now, said Severin, is the shortage of suitable properties on the market.