Malaga Province Property Prices Hit Record High
In a historic turn of events, property prices in the Malaga province have reached an all-time high this February. This information comes from the housing website Idealista. The cost of housing in the region has seen a 0.5% increase since January, and a significant 10.1% increase since February 2023. The average property price in the area now stands at €3,113 per square metre.
Marbella and Benahavis: The Wealthy Hotspots
Marbella and Benahavis, known for their affluence, top the charts with their property prices. The prices in these areas are a staggering €4,526/m2 and €4,402/m2 respectively. The most significant percentage increase over the past 12 months was in Algarrobo Costa, with prices rising by 18.1%, according to the popular website.
Complete List of Property Prices and Percentage Increase
Here is the complete list, featuring the price per square metre for property, and the percentage increase compared to February of last year:
1 – Marbella: €4,526/m2 (10% increase)
2 – Benahavis: €4,402/m2 (12.2% increase)
3 – Istan: €3,812/m2 (6.5% increase)
4 – Nerja: €3,322/m2 (8.4% increase)
5 – Estepona: €3,280/m2 (10.3% increase)
6 – Fuengirola: €3,249/m2 (11.3% increase)
7 – Benalmadena: €3,079/m2 (15.1% increase)
8 – Torremolinos: €2,911/m2 (14.4% increase)
9 – Algarrobo Costa: €2,793/m2 (18.1% increase)
10 – Mijas: €2,768/m2 (12.1% increase)
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