Since 2005, sales of houses on the Costa del Sol foreigners fell by 99%

In 2009, on the Costa del Sol is almost completely stopped the flow of foreigners who prefer to buy a house in a place of rest than to rent rooms in hotels. resort real estate sales peaked in 2005, when the Costa del Sol has been realized about 12 400 sites totaling 2.3 billion euros, but in the past year due to the economic crisis and the weakening of the pound against the euro, sales volumes decreased to near zero. The Association of builders and promoters of Malaga (ACP) announced that all 100 transactions were concluded in the last year, ie, 99% lower than four years ago. As told reporters of the newspaper La Opini