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Malaga Is the New Star of the Spanish Property Market

Significant economic growth in the Malagan city, coupled with the attractiveness of its luxury coastal markets, has led this Andalusian province to emerge as the new property hotspot in Spain.

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According to a recent report by Savills Aguirre Newman, a favourable climate, a growing economy, and political stability are some of the ingredients that have made Malaga’s real estate market the third most popular destination for property investment. It has overtaken other popular cities such as Valencia and Bilbao.

What is happening to the property market in Málaga? According to data from the big data platform Brains Real Estate, the price of housing in the province of Málaga has been rising since mid-2013, when optimism about the recovery of this market began to be reflected in the sale prices of properties.

According to Brains, homes sell for around 2,800 euros per square metre, making it the fourth most expensive Spanish province. Regarding transaction volume, Malaga comes in in seventh place.

Read the full article in Spanish


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