EDITING |
In recent years, Málaga has become a magnet capable of attracting investment and talent. Companies that have set their sights on the land of Picasso. Multinationals with their eyes on the city and investors interested in making investments in the real estate market. Not even Covid could diminish the prices per square meter in 2020, according to figures from the Registrars.
The price of housing in the capital exceeds €2000/m2, according to the Tinsa study, MIE Local Markets of the third quarter of the year, after experiencing a 7.6% increase compared to September 2021. This document reflects that Málaga residents allocate an average of 39.8% of their income to pay the first annual mortgage installment, above the recommended effort rate by the supervisor, the Bank of Spain. With the average price per square meter significantly higher than the average in Spain.
The city's appeal as an ideal destination for remote work, due to its enviable climate, its infrastructure of highways, rail network, or the International Airport that continues to add more flight connections, makes it a reference place for remote work, having a hybrid job; or attracting foreign profiles who want to live their retirement in Spain.
Although the residential real estate market in Málaga far exceeds the average prices in Spain, they are still far from other towns on the Costa del Sol, the famous Golden Mile of Marbella or the municipality of Benahavís. EN
In Marbella, the price of homes currently for sale is 3,851 euros per square meter. This translates to single-family homes that in almost all cases exceed one million euros.
However, another town in Málaga holds the record for housing prices for sale: Benahavís, at €3,993 per square meter on average. Where we can find La Zagaleta, recognized as one of the most luxurious developments in Europe.
