Marbella, October 2, 2003
In 2002 a total amount of € 5.676 million has been invested in the purchase of 90.000 homes. Up to 1.7 million European families will choose Spain for their second home over the next five years, according to Spain's annual tourism fair FITUR. If existing trends continue, half are predicted to buy on the Malaga coastline.

According to Nai Sol's latest report concerning the international real estate market the Spanish property market has been very solid in 2002 despite talks of a global slowdown.
Before the end of 2003 about 600.000 new homes will be delivered. The demand for first and second properties will be respectively 850.000 and 900.000.

According the statistics of the National Residential Tourism Committee and the Association of developers and constructors (A.P.C.E.) 1.200.000 homes of the 3.000.000 second homes in Spain are owned by not Spanish.

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