The house prices in Andalusia fell 5.59 percent in 2009, representing a drop fall below the national average, estimated at -6.06 percent, according to data provided by 'The Preciómetro', the price index and household property portal 'facilisimo.com'. The price per square meter in Andalucia is at 1,891 euros.

The bankruptcy proceedings have mushroomed dramatically in the province during the last two years. Of the 20 insolvencies seen in 2007, Malaga has grown to 125 in 2009. The figure represents an increase of 525% in just two years, according to the scale of the data prepared by the firm PriceWaterhouseCoopers (PwC).