Malaga province sees complete recovery in housing construction sector

Malaga province is experiencing a complete recovery in the housing construction sector

The College of Architects of Malaga has reported this Tuesday, October 19, that the third quarter of the year – July to September – has closed with a total of 1,585 approved homes in the province. This figure shows a 20 per cent increase to the corresponding period of 2020.
At the start of 2021, the forecast was not so good for the province, with low figures for the projected construction projects regarding new homes. This strong recovery places the figures close to the pre-pandemic numbers of 2019, which totalled 1,900. The total for 2021 so far, already exceeds 4,000 approved new homes.
Francisco Sarabia, the dean of the Malaga College of Architects explained, “The pace of construction is currently good, with full activity, and we hope to end the year on the rise”. He pointed out that during the pandemic, figures had dropped by around 20 per cent, but that has now been turned around.
Sarabia stressed that the Government has already approved the Royal Decree that will regulate aid for home renovation through Next Generation European funds, “which will inject capital into the sector, and will perhaps enable us to reach an activity higher than pre-pandemic levels”.

He indicated that currently in Spain, some 30,000 homes are rehabilitated annually, but that to meet the objectives of Europe it would be necessary to reach a figure of 300,000 houses rehabilitated annually.

Fuengirola is the municipality that leads the number of properties authorised in this third quarter of 2021, with 308, followed by Marbella on 244, Malaga with 239, and Estepona 217.

The most striking data, however, continues to be in the number of completed homes in the province. In this third quarter, the total number stands at 1,755, well above the figure for the corresponding quarters in 2019 (55 per cent) and 2020 (36 per cent).

For 2021, the accumulated figure already exceeds 6,000 finished houses (44 per cent more than in 2020, and 92 per cent more than in the pre-pandemic period), which seems to be evidence that the end of the pandemic has inspired construction companies and developers to finish projects earlier.

In the province of Malaga, 178 projects were completed during the third quarter of the year, with a total budget of €213.3 million. The municipalities that completed the most units were Malaga (456), Fuengirola (271), and Estepona (235), as reported by laopiniondemalaga.es.

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