More Brits have started look for property on the east coast in places like Nerja, Almuñécar and Motril as these areas are cheaper to buy in than comparable areas on the west coast, where property prices have risen hand in hand with over-development. The East coast however lacks leisure activities such as golf, which the west is famous for.
The Costa Del Sol continues to be the most sought after destination amongst both foreign - principally British - house buyers and Spanish buyers from places like Madrid and The Basque Country. This has helped to drive some of the biggest property price increases in all of Spain.
According to the Spanish Governments Figures for the end of June 2004, average property prices (new build and resale) in Málaga have risen 27% in 12 months - the highest rise in all of Spain. Further more there is currently an unprecedented building boom taking place in the Costa Del Sol, like many other parts of Spain.