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Marbella For Sale Blog

Here you will find news, views, events and information relating to real-estate in Spain.

Steep Rental Price Increase Seen in May

admin | 18th June 2025 | Andalucía, Costa del Sol, Málaga, Marbella, News, Prices, Rental Property, Renting, Spain

Rental prices rose 14.9% Year-on-Year

The Spanish rental market is showing no signs of slowing down. According to the latest data, rental prices across Spain increased by 14.9% year-on-year in May 2025, representing the second-highest annual rise in the past five years.

The average rental price now stands at €14.33 per square metre, meaning that an 80 m² apartment typically costs around €1,146 per month. This marks an increase of approximately €148 per month compared to May 2024.

Rental Pressure Mounts for Tenants

This steep price rise is putting increasing pressure on tenants, especially younger renters and those relocating to high-demand areas such as Marbella and the Costa del Sol. Limited rental supply and strong demand continue to drive prices up.

According to María Matos, Director of Research at Fotocasa, “We are witnessing a significant and ongoing imbalance between supply and demand. Many landlords are shifting their properties to the sales market or to other rental models, reducing the availability of long-term rentals. Without public policies to support rental supply, this situation risks becoming permanent.”

How Andalusia and the Costa del Sol Are Affected

Andalusia experienced a 10.3% increase in rental property prices over the past year, placing it among the top regions in terms of growth. Within Andalusia, Málaga province remains one of the most expensive rental markets in Spain, with average prices reaching €15.87/m² per month. For context, this places Málaga above other popular coastal areas such as Valencia and the Canary Islands.

This means that for an average 80 m² apartment in Málaga city or its sought-after coastal areas like Marbella, tenants can expect to pay over €1,270 per month. In luxury and beachfront locations, prices can be significantly higher.

Spain’s Most Expensive Rental Markets

As of May 2025, the top five regions with the highest average rental prices per square metre are:

Madrid: €21.17/m²
Catalonia: €20.04/m²
Balearic Islands: €18.24/m²
Basque Country: €16.78/m²
Canary Islands: €15.07/m²

Málaga, ranked closely behind, continues to be a prime location for investors seeking strong rental yields, thanks to its popularity with international tenants, digital nomads, and second-home seekers.

Outlook for Property Owners and Investors

For property owners on the Costa del Sol, this trend presents an opportunity. Demand for rental properties remains high, and the region continues to attract both long-term tenants and seasonal visitors. Investors looking for attractive yields will find that well-located apartments and villas in Marbella, Estepona, or Mijas are increasingly competitive assets in the rental market.

However, it’s important to balance yield expectations with the reality of evolving regulations, tenant protections, and the potential need for long-term rental licenses, especially in tourist-heavy areas.

The sharp rise in rental prices across Spain—and in Málaga in particular—highlights both the challenges for tenants and the opportunities for landlords and investors. On the Costa del Sol, the demand for quality rental properties is unlikely to subside anytime soon, making it essential for all market participants to stay informed and act strategically.

If you’re considering investing in a rental property or looking for the right opportunity in Marbella or the surrounding areas, now is the time to review the market closely. At Marbella For Sale, our experienced team is here to guide you with up-to-date market insights and tailored advice.

Spanish Property Prices Surge in May

admin | 9th June 2025 | Andalucía, Balearic Islands, Costa del Sol, Málaga, News, Prices, Property For Sale, Property Market, Spain

The Balearic Islands have surpassed €5,000/m²

The price of resale homes in Spain has seen a remarkable increase of 4% month-on-month and a staggering 14.8% year-on-year, reaching an average asking price of €2,635 per square metre this May, according to the latest Fotocasa Real Estate Index.

In the 20 years of analysis, May 2025 marks the first time that both monthly (4%) and annual (14.8%) price increases have reached such high levels simultaneously.

To put this into perspective: the 14.8% year-on-year rise equates to an increase of €341 per square metre. For a typical 80 m² apartment, this means buyers are now paying approximately €27,246 more than they would have one year ago.

“We are witnessing a historic moment in the Spanish property market. This is the sharpest increase we’ve recorded since the data series began, driven by unprecedented demand, more favourable mortgage conditions, and a significant rise in migration. At the same time, a structural lack of supply — hampered by challenges in the construction sector — is pushing prices higher. Over the past year, the average price per square metre has increased by €341, meaning that a standard 80 m² property now costs over €27,000 more than it did in 2024. This is an extraordinary jump in a very short period of time. Importantly, this is neither a temporary nor a localised trend — it is affecting 94% of provinces and 86% of municipalities, with eight regions recording double-digit growth,” said María Matos, Director of Research and Spokesperson at Fotocasa.

Year-on-Year Growth Doubles in 12 Months

Spain’s annual property price growth has nearly doubled, rising from 7.7% in May 2024 to 14.8% in May 2025. Over the past year, the average price per square metre has risen by €341 — from €2,294/m² in May 2024 to €2,635/m² today.

Regional Trends: Significant Growth Across Most of Spain

Looking at year-on-year changes by region, 16 out of 17 Spanish regions saw property prices increase in May 2025. Notably, eight regions recorded double-digit growth:

Valencian Community: +28.3%
Region of Murcia: +24.1%
Balearic Islands: +20.9%
Andalusia: +18.5%
Madrid: +17.9%
Canary Islands: +17.9%
Asturias: +16.6%
Cantabria: +15.5%

Navarra was the only region to post a year-on-year decline (-1.4%).

Most Expensive Regions

The Balearic Islands now lead the ranking, surpassing the €5,000/m² threshold for the first time (€5,028/m²), followed by:

Madrid: €4,817/m²
Basque Country: €3,476/m²
Canary Islands: €3,108/m²
Catalonia: €3,035/m²
Andalusia: €2,509/m²
Valencian Community: €2,407/m²

At the other end of the scale, Extremadura (€1,258/m²) and Castilla-La Mancha (€1,228/m²) remain the most affordable regions.

Provinces: 94% See Year-on-Year Price Increases

In May, 47 of Spain’s 50 provinces (94%) experienced year-on-year price growth. 22 provinces saw double-digit increases, including:

Alicante: +27.1%
Murcia: +24.1%
Valencia: +21.2%
Balearic Islands: +20.9%
Castellón: +20.2%
Santa Cruz de Tenerife: +18.2%
Madrid: +17.9%
Asturias: +16.6%
Málaga: +15.2%
Cantabria: +15.5%

Navarra (-1.4%), Ávila (-0.9%), and Jaén (-0.8%) were the only provinces to register price declines.

Most Expensive Provinces

Several provinces have now surpassed the €4,000/m² mark. They include Balearic Islands (€5,028/m²), Madrid (€4,817/m²), Málaga (€4,149/m²), Gipuzkoa (€4,008/m²).

At the opposite end, Ciudad Real (€968/m²) and Jaén (€996/m²) remain the most affordable provinces.

Rental Prices in Spain Continue to Soar

admin | 28th May 2025 | Andalucía, Costa del Sol, Málaga, Marbella, News, Prices, Property Market, Rental Property, Renting, Spain

Average rental cost has reached €1,100 p/month

Rental prices in Spain have seen a sharp rise, with April 2025 recording a 12.9% year-over-year increase, according to the latest data from the Fotocasa. On a monthly basis, prices grew by 2.5%, bringing the national average to €13.89 per square meter. For an average 80m² apartment, that means monthly rent now exceeds €1,100.

This marks the fifth time in the past six months that Spain has experienced double-digit annual growth in rental prices, reminiscent of the market surges seen in 2018.

“We are facing an unprecedented affordability crisis,” says María Matos, Director of Studies and spokesperson at Fotocasa. “Demand continues to grow, while the available supply shrinks. This imbalance is driving prices up across the country — not just in Madrid or Barcelona, but in nearly every region.”

A Market Under Pressure

Rental demand is being driven by several factors:

More people unable to buy property
Population growth due to work opportunities and migration
Owners pulling properties from the rental market due to legal uncertainties or more attractive alternatives

As a result, the €1,000/month mark is no longer exclusive to Spain’s biggest cities — it’s increasingly becoming the new national norm.

Annual Rental Price Growth Across Spain

From April 2024 to April 2025, average rental prices jumped from €12.30/m² to €13.89/m². All 17 of Spain’s autonomous communities saw price increases, with seven regions exceeding 10% year-on-year growth:

Madrid: +15.1%
Aragón: +14.5%
Catalonia: +13.8%
Castilla-La Mancha: +12.2%
Andalusia: +11.0%
Galicia: +10.6%
Valencian Community: +10.3%

Where Renting Is Most Expensive

The four priciest regions in Spain now exceed €15.00/m² per month:

Madrid – €21.10/m²
Catalonia – €19.01/m²
Balearic Islands – €17.99/m²
Basque Country – €16.63/m²

These are followed by the Canary Islands, Valencian Community, and Andalusia, where prices remain high but below the €15/m² threshold.

Rising Rents by Province

Out of 49 provinces analyzed, 46 reported year-on-year increases in rental prices. Notably, 19 provinces saw growth above 10%, with Zamora topping the list at an eye-watering +36.0%.

Other provinces with steep increases include:

Lleida: +19.9%
Lugo: +19.6%
Huesca: +18.1%
Ourense: +15.9%
Madrid: +15.1%

Most Expensive and Most Affordable Provinces

Top 7 most expensive provinces for renting (€/m² per month):

Madrid – €21.10
Barcelona – €20.66
Balearic Islands – €17.99
Gipuzkoa – €17.79
Bizkaia – €16.47
Málaga – €15.65
Girona – €15.62

Most affordable provinces:

Jaén – €6.24
Ciudad Real – €6.75
Teruel – €6.81

What This Means for Renters and Investors

Whether you’re renting, investing, or advising clients, it’s clear that Spain’s rental market is undergoing significant transformation. Rising prices reflect strong demand and limited supply, and this trend shows no sign of slowing down. For those considering property investment, this could be an opportunity — especially in regions where demand is increasing rapidly.

Stay tuned to our blog for regular updates and insights into Spain’s dynamic property market.

Discover the Hidden Gems of the Costa del Sol

admin | 19th May 2025 | Andalucía, Benahavís, casares, Costa del Sol, Holiday homes, Investment, Málaga, manilva, Marbella, ojén, Property For Sale, Property Market, Spain, torrox

You’ve heard of Puerto Banus, but what about these other hidden gems?

When most people think of the Costa del Sol, places like Marbella, Málaga, and Puerto Banús come to mind. However, this sun-drenched coastline in southern Spain offers much more than its iconic hotspots. If you’re looking to buy property in a quieter, more authentic Andalusian setting—without sacrificing access to beaches, culture, and modern amenities—consider these lesser-known Costa del Sol towns.

Benahavís – The Gastronomic Corner of the Coast

Tucked into the mountains just 7km from the coast, Benahavís is a charming whitewashed village known for its world-class restaurants, peaceful surroundings, and stunning natural landscapes. It’s perfect for buyers seeking a luxury villa or tranquil apartment close to golf courses and nature, while still being within easy reach of Marbella and Estepona.

Benahavis highlight: Spacious villas with mountain views and gated communities ideal for expats and retirees.

Casares – Authentic Andalusia by the Sea

Casares offers the best of both worlds: a traditional white village perched on a hillside and a coastal area with modern developments. The inland village is steeped in history, while Casares Costa boasts a growing number of beachfront apartments and townhouses.

Casares highlight: New developments near the beach with access to golf, nature trails, and unspoiled scenery.

Manilva – Affordable Coastal Living

Bordering the province of Cádiz, Manilva is a peaceful municipality that includes the popular coastal village of Sabinillas and the picturesque marina of La Duquesa. Known for its relaxed vibe and affordability, Manilva is increasingly popular with international buyers looking for sea views at a lower price point.

Manilva highlight: Bargain apartments and penthouses near the beach with excellent rental potential.

Ojén – Mountain Living with a Sea Breeze

Just a short drive from Marbella, Ojén is a small, scenic village nestled in the Sierra Blanca mountains. It offers incredible views of the Mediterranean, a rich cultural history, and a growing community of artists and remote workers.

Ojén highlight: Unique rustic homes and modern apartments in boutique developments with panoramic views.

Torrox – Europe’s Best Climate

Located east of Málaga, Torrox is often overshadowed by its neighbor Nerja—but it holds the title for the best climate in Europe. Divided into Torrox Pueblo (the old town) and Torrox Costa (the beach area), it’s ideal for those seeking a traditional Spanish lifestyle with modern comforts.

Torrox highlight: New build apartments near the beach and charming townhouses in the old village.

Choosing a less touristy location can mean better value for money, less crowded beaches, and a more authentic Andalusian lifestyle. These hidden gems are also seeing increasing investment in infrastructure and development, making them smart long-term options for both lifestyle buyers and investors.

Whether you’re looking for a holiday retreat, investment property, or your new home in the sun, exploring the lesser-known towns of the Costa del Sol could reveal the perfect place to buy.

Looking for your ideal property in one of these hidden gems? Browse our property for sale in Benahavís, Casares, Manilva, Ojén, Torrox, and beyond — and let our expert team help you find your dream home on the Costa del Sol.

House Prices Continue to Rise in April

admin | 7th May 2025 | Andalucía, Buying, Costa del Sol, Málaga, Marbella, News, Prices, Property For Sale, Property Market, Spain

Average price in Spain is now €2,534 p/m²

In Spain, house prices increased 1.8% compared to the previous month, while the year-over-year increase was 11.7%. This brings the average cost to €2,534 p/m² in April, according to data. This year-over-year increase (11.7%) is the highest increase in the last 228 months (19 years).

Spain has gone from a year-over-year increase of 7.4% in April 2024 to 11.7% in the same period in 2025. In the last 12 months, housing prices have increased by 265 euros per square meter, i.e. from €2,269 p/m² in April 2024 to €2,534 p/m² in April 2025.

“The housing market in Spain is undergoing the greatest transformation of the last decade due to the impact of macroeconomic, geopolitical, and legislative changes on its evolution. The structural problem between high demand and scarce supply is increasingly putting significant upward pressure on prices. In fact, although nationally the cost of housing is still 15% away from reaching its highest level, the increase presented marks an all-time high. This indicates that we have never faced such a rapid rate of price increases.” explained María Matos, spokesperson for Fotocasa.

Autonomous Communities

If we look at the prices of Spanish homes for sale compared to a year ago, we see that 16 regions saw year-on-year price increases in April. Increases exceeding 10% affected eight regions: the Valencian Community (24.8%), the Balearic Islands (22.2%), the Region of Murcia (19.1%), Andalusia (15.4%), Madrid (14.3%), the Canary Islands (13.2%), Asturias (12.9%), and Cantabria (10.9%). They are followed by the Basque Country (8.9%), Galicia (8.6%), Catalonia (5.9%), Castile and León (5.1%), La Rioja (2.8%), Navarre (2.0%), Aragon (1.8%), and Extremadura (0.6%). The only region experiencing a year-on-year decrease was Castile-La Mancha (-2.2%).

Regarding the ranking of Autonomous Communities, with the most expensive second-hand housing prices in Spain, the Balearic Islands and Madrid are top, with prices of €4,907 p/m² and €4,624 p/m², respectively. They are followed by the Basque Country (€3,423 p/m²), Catalonia (€2,954 p/m²), the Canary Islands (€2,901 p/m²), Andalusia (€2,413 p/m²), the Valencian Community (€2,290 p/m²), Cantabria (€2,180 p/m²), Navarre (€2,071 p/m²), Galicia (€1,907 p/m²), Asturias (€1,895 p/m²), Aragon (€1,751 p/m²), La Rioja (€1,699 p/m²), the Region of Murcia (€1,598 p/m²), Castile and León (€1,580 p/m²), Extremadura (€1,220 p/m²), and Castile-La Mancha (€1,191 p/m²).

Provinces

In 45 of the 50 provinces (90%), year-on-year housing prices increased in April. In 15 provinces, the increase exceeded 10%, specifically in Alicante (24.1%), the Balearic Islands (22.2%), Murcia (19.1%), Valencia (18.5%), Castellón (17.5%), Málaga (15.9%), Lugo (15.6%), Madrid (14.3%), Las Palmas (13.5%), Pontevedra (13.5%), Granada (12.9%), Asturias (12.9%), Cantabria (10.9%), Palencia (10.6%), and Cádiz (10.2%). The provinces with decreases are Ávila (-5.0%), Soria (-1.7%), Albacete (-1.5%), Córdoba (-1.1%), and Ciudad Real (-0.1%).

Regarding prices, the Balearic Islands, Madrid, and Malaga have all exceeded €4,000 per square meter. The three provinces with the highest prices are: the Balearic Islands is the most expensive province at €4,907 p/m², followed by Madrid at €4,624 p/m² and Malaga at €4,101 p/m². The only province with the price per square meter below €1,000 is Ciudad Real at €968 p/m².

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