What are the property prices on the Mediterranean coast of Spain? Focus on Andalucia
Property prices on the Mediterranean coast of Spain vary widely depending on the location. And so does the price of taxes! So where should you buy to get the cheapest price? Discover it in our study: real estate prices on the Andalusian coastline
Costa del Sol is the Coastline of the Province of Malaga, in Andalusia
Costa del Sol means “Coast of the Sun”, a name it deserves thanks to 325 days of sunshine a year. This region is located in the south of Spain, in the autonomous community of Andalusia, comprising the coastal towns and communities along the coastline of the Province of Málaga. It has a length of 150 km and 140 beaches.
The climate in summer is hot, with temperatures around 35 ° C. Winter temperatures are relatively mild during the day (around 15 ° C). The average annual temperature is around 18 ° C. Precipitation is very rare (less than 35 days per year on average) yet intensive when it occurs. The sunshine peaks at about 330 days a year. The coast has a subtropical Mediterranean climate.
All along the Costa del Sol, you will find calm, warm and transparent waters, as well as a great variety of landscapes, Indeed you will find the sea, the beaches and the mountain.
The Costa del Sol is an important part of the Andalusian hotel offering and concentrates a large amount of tourist services of all kinds.
The largest city is Malaga, Spain’s sixth largest city with 570,000 inhabitants. In 2019, its international airport welcomed 20 million passengers on arrival (+ 4.4% compared to 2018), including 17 million from abroad and among them 37% British, 10% German, 7% Dutch, 7% French, 5% Belgian and 3% Swiss.
Marbella, 60 km west of Malaga, is the seaside resort where real estate prices are the highest on the Spanish coast with Barcelona and Ibiza.
The average property prices on Costa del Sol is comprised between €1673/m2 and €2210 / m2.
House Prices in Costa del Sol from Malaga to Estepona
However from east to west, average property prices in Costa del Sol vary from €1700 to €3000 per square meter:
- Malaga €1700-€2100 / m2
- Torremolinos / Benalmadena €2200 / m2
- Mijas – Fuengirola €2000 / m2
- Marbella €3000 / m2
- San Pedro / Cancelada €2500 / m2
- Estepona / Bahia Dorada: €2200 €/ m2
Sources: Idealista and Tinsa, July 2020
If you want to sell a property located in Costa del Sol, know that foreign buyers account for 34% of transactions in the province of Malaga.
Three solutions may be useful for you:
- Advertise your property globally on 100+ property portals, in 60+ countries, for €89
- Contact Fastighetsbyran, a leading real estate agency in Costa del Sol with several offices, and a strong international marketing strategy.
Bonus: evolution of real estate prices in Malaga, by TINSA: https://www.tinsa.es/precio-vivienda/andalucia/malaga/
Last update: July 2020