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Unbelievable! Malaga Province’s Property Prices Skyrocket to Unprecedented Heights – Discover the Priciest Towns Here

March 31, 2024
Unbelievable! Malaga Province's Property Prices Skyrocket to Unprecedented Heights - Discover the Priciest Towns Here - pics 4 1 490x276 1 - Real Estate and Urban Development - Property Prices

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)

Building a Luxury Villa in Marbella: What’s the Cost?

Ever wondered how much it would cost to build a luxury villa from scratch in Marbella? A property company has created a step-by-step guide, but be prepared to shell out at least €5 million.

Most Affordable Towns in Spain for Buying and Renting Homes

Expat havens in Cadiz and Malaga are among the most affordable towns in Spain for buying and renting homes, according to Business Insider.

Renting Out Property in Spain: The Importance of Declaring Rental Income

If you’re renting out property in Spain, it’s crucial to declare your rental income to avoid hefty fines.

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