Nerja is the second most expensive city in Costa del Sol
If you want to buy a home in Costa del Sol, Nerja might be your pick. Yet, Nerja is the second most expensive city in that area (ABC.es). Indeed, house prices in Nerja are above € 2,000 per square meter. However, looking at the Mediterranean coast of Andalusia, the most expensive cities are:
- Marbella (2,231 €/m2)
- Tarifa (2,209 €/m2)
- Nerja (2,095 €/m2)
- Cádiz (1,943 €/m2)
- Fuengirola (1,907 €/m2)
Are property prices in Nerja going up or down?
According to Idealista, house prices in Nerja are stable since 2010.
Number of transactions in Nerja, Costa del Sol
As TINSA’s report shows, Nerja is not the city where most real estate transactions happen. Indeed, in the province of Malaga, most transactions happen in:
- Benalmadena
- Estepona
- Fuengirola
- Malaga (capital)
- Marbella
- Mijas
- Torremolinos
- Velez Malaga
However, it is normal that the number of homes sold per year in Nerja is only 10% of that of Malaga. Indeed, there are 21,000 inhabitants in Nerja… while Malaga has a population of 570,000 people. Consequently, Nerja is 27 times smaller than Malaga, yet registers only 10 times fewer transactions, showing that the real estate activity is intense:
How to find properties for sale in Nerja?
Sheltered by the Sierra de Almijara mountain range, Nerja is a popular tourist resort. If you like the Balcón de Europa (“Balcony of Europe”), find properties for sale on the leading Spanish real estate websites (see Top 13 property portals in Spain).
Source: Fastighetsbyran, TINSA