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Alegria Real EstateOur website provides up-to-date and reliable information on over 3 listings for property for sale in Malaga, including options for those wishing to obtain a residence permit. Browse offers from developers and reputable agencies and once you've chosen a property, contact the seller by private message or by calling the number provided.
Each property has a description, photograph and map marker, allowing you to assess the location's views, finishes, technical facilities and complex infrastructure. For your convenience, the cost of apartments or villas in Spain can be converted into dollars and other popular currencies.
- The average selling price of property in Spain, the area is EUR 300,000
- The average price per square metre is EUR 2,686 in the province and EUR 3,384 in the city.
- The lowest cost of property in Alicante is EUR 72,000 on the secondary market and EUR 128,000 for new buildings.
- The most expensive housing unit is EUR 15 million.
- The average price increased by 13.9% last year.
- Minimum area: 100 m²
- Average area of villas and apartments in Spain, Malaga: 60–80 m²
- Largest area: 1,030 m²
Buying property in Malaga no longer leads to a residence permit: Spain's Golden Visa, which used to grant residency for a property investment of €500,000 or more, was abolished on 3 April 2025. You can still purchase freely, but residency now requires a separate visa (non-lucrative, digital-nomad or work/study).
The following areas are considered the best for long-term residence:
- Rincón de la Victoria
- Teatinos
- Avenida del Pacífico
- La Malagueta
- Carretera de Cádiz - Paseo Marítimo de Oeste
- El Limonar
In the average price range, there are good options on the secondary market in the areas of Zona de Huelin, Cruz Humilladero, Nueva Málaga, as well as Ciudad Jardín and Calle La Union.
Property in Malaga
Real estate in Malaga can still be bought freely by foreigners, but it no longer grants a residence permit — Spain abolished the €500,000 Golden Visa on 3 April 2025, so residency is obtained via the non-lucrative, digital-nomad or work/study routes instead. This is not the only reason to buy a housing unit in the resort and province of the same name - the region is also popular with businessmen and those interested in passive income. The average return on investment in local apartments and villas is around 6% and prices have risen by 13.9% over the year. You can buy freehold apartments that are easy to rent out and generate income, and then sell them at a profit or convert them into a second home or main family home.
The most sought-after housing is in the province of Málaga, particularly on the Costa del Sol. The capital offers a wide range of high-yield real estate on the secondary market and in new developments: studios, apartments, townhouses, duplexes, villas and penthouses. The city was founded over 3,000 years ago and has a wealth of tourist attractions: Malaga Cathedral, Atarazanas Central Market, Pablo Picasso Museum, etc. The airport is 8 km away and public transport is provided by trains, buses and, since 2014, two metro lines. In the list of advantages of the city for relocation and investment, we can highlight:
- 300 sunny days per year;
- Average annual air temperature of +20°C;
- 14 km of sandy coastline;
- Rich cultural life, e.g. a Spanish film festival is held every year;
- Implementation of "green" technologies (electric buses) and promotion of ecotourism;
- A tranquil atmosphere, which is important for holidaymakers, digital nomads, freelancers, families with children and retirees;
- Increased demand with a shortage of supply, contributing to an increase in property purchase and rental prices;
- Growth in the number of English-speaking expatriates.
The cost of property in Malaga is EUR 3,384/m² in the city and EUR 2,686/m² in the province.
Reasons for investing in property in Malaga
During 2023, prices of properties in Malaga for investment increased by 13.9% in the province and almost 19% in the city, and despite some decline in other regions, this growth is expected to continue.
In the winter of 2024, the rental rate was EUR 13.7 per square metre, allowing property owners to earn up to 5.9% a year by renting out apartments and villas. To make a successful and economically viable purchase, careful attention should be paid to the choice of location:
- In the medium price range, the best areas are Cruz Humilladero, Zona de Huelin, Nueva Málaga, Ciudad Jardín and Calle La Unión. Here you will find apartments and houses on the secondary market that have been well renovated.
- La Malagueta, next to Muelle Uno, the beach and overlooking the port, is the clear favourite among expatriates. It's a tourist area, so it's easy to rent out housing.
- Carretera de Cádiz - Paseo Marítimo de Oeste is convenient for families with children and those who want to be closer to the sea. Almost all real estate here has beautiful views of the coast. The beach is within a 5 to 15 minutes’ walk.
- Investing in apartments on Avenida Pacífico is suitable for young people and those moving to Spain with children who want to live in a modern complex. There are many sports and recreational areas, parks, swimming pools and tennis courts.
- El Limonar attracts high-income foreigners - buyers are offered premium penthouses and villas in closed complexes with developed internal infrastructure.
Buying real estate in Malaga
Purchasing real estate for sale in Malaga is a significant decision but we can make finding a suitable investment property abroad quick and easy. With Global-Property.Investments database, you can browse offers from agencies and developers and contact them directly. To filter the offers, you can compare the real estate you are interested in according to key criteria and sort the ads by price, date added and popularity.
Experts expect that the price of properties you buy directly from the vendor through our portal will increase by 3-5% in 2024. Rental demand will also remain consistently high, so the financial benefit of the deal is guaranteed!