ES
FR
RU
DE
PT
AR
Alegria Real EstateHaving set a goal to become a homeowner in one of the resorts of the Costa del Sol, you should choose the key parameters (number of bedrooms and bathrooms, area, location, etc.) to get information about over 2 high-income apartments and flats in Malaga. The prices can be converted into dollars, so you can easily navigate the cost and find the location on the map.
To reduce the search time, use the sort and compare options, and you will find detailed information in the descriptions that will help you make the right decision. The final stage will be contacting the seller via a personal message or by phone.
- The average selling price is €250,000–300,000;
- The average price per m² is €2,920 (€2,308 per m² in the suburbs and €3,533 per m² in the downtown);
- The lowest cost of apartments for sale in Malaga is €70,000 on the secondary market and €128,000 in a new building;
- The most expensive property costs €5.95 million;
- The average price has increased by 13.9% over the past year.
| Real estate type | Number of bedrooms | The lowest price (€) | Average price (€) |
| Studio | 0 | 70,000 | 110,000 |
| 1-bedroom | 1 | 90,000 | 130,000 |
| 2-bedroom | 2 | 120,000 | 180,000 |
| 3-bedroom | 3 | 160,000 | 240,000 |
| 4-bedroom | 4 | 200,000 | 300,000 |
| 5-bedroom | 5 | 250,000 | 350,000 |
- The minimum size is 100 m²;
- The average area is 60-80 m²;
- The largest flats for sale in Malaga are is 389 m².
Foreigners planning to become residents of Spain must buy an apartment in Malaga worth €500,000. You decide for yourself what is better—to purchase one premium-class home, such as a penthouse, several units or residential and commercial properties. When applying, the main thing is to have a title deed worth over €500,000. You should provide proof of income as well.
The residence permit can be extended if you have a permanent place in the province, which is a prerequisite to renew it. You cannot sell your apartment in Malaga, Spain, or give it away. Residents who have not left the country for more than 183 days after issuing a residence permit can obtain permanent residence after 5 years. You can get citizenship after living in Spain for at least 10 years.
Apartments for sale in Malaga
Enjoying a quiet life on the Mediterranean coast or earning income from highly-liquid real estate is a good opportunity for foreigners. Apartments in Malaga for investment are profitable both from an economic and practical point of view, because the cost of apartments in Malaga is growing (there was an increase of 13.9% in 2023), living conditions are comfortable, and there are always a lot of tourists, which ensures the demand for rent. Digital nomads, families with children and retirees moving here have the following amenities:
- The airport is 15–20 minutes away by car;
- There are large primary and secondary real estate markets: studios, 1- to 5-bedroom units, duplexes and penthouses;
- Numerous attractions: Pablo Picasso Museum, Botanical and Historical Garden of La Concepcion, Museo del Vidrio y Cristal de Málaga, de Atarasanas, Malaga Cathedral, etc.;
- The region has a well-developed transport system, including buses and metro;
- This place is home to world-class golf courses: Torrequebrada, Sunshine, La Cala Golf, Antequera and Santana;
- Clean beaches on the Costa del Sol;
- A rich cultural life.
When it comes to the number of tourists, the city is almost as good as Barcelona, which attracts over 7 million overseas visitors annually. However, the population is only 600,000. This means that you can earn a stable passive rental income and live at the resort for part of the year saving on the hotel and providing yourself with the highest level of comfort. Apartment prices in Malaga have been rising since 2010, and its calm atmosphere attracts people who find it important to live and work stress-free.
The procedure of registering a transaction for Spaniards and locals is almost the same. The difference is that you will need to spend extra time and €10 to get a NIE (non-resident identification number). Otherwise, everything is standard: you pick up the right property in Spain, contact the seller to reserve it, open a bank account and enter into a preliminary agreement with the deposit (it is 10% of the total amount). After discussing additional terms, you sign the main contract, pay taxes, duties and the remaining amount and receive proof of ownership. It is not possible to apply for a residence permit before registering the property for the new owner. If you purchase several properties, make sure that the total value of flats in Malaga exceeds over €500,000, and you should attach documents for each of them.
Choosing the most suitable offer from a developer or agency depends on a set of factors:
- Investment objectives (relocation, long- or short-term lease, resale);
- A family composition (number of people, children);
- A list of requirements for equipment and decoration—this includes the number of bedrooms and bathrooms, furniture, equipment, etc.;
- The desired place is located on the beach, 5–10 minutes’ walk, closer to the city centre, in the suburbs, in a gated community, etc.;
- A budget—you need to decide in advance what price of an apartment for sale in Malaga suits you;
- Additional options—residents get access to swimming pools, fitness complexes, recreation areas and other privileges in new buildings that are not available in neighbourhoods with old buildings.
When picking up apartments in Spain, the prestige and peculiarities of the area are one of the main points, in particular, there are places in the city for various categories of investors and businessmen:
- Young professionals and couples interested in real estate in modern new buildings should have a closer look at Avenida Pacífico. There are children’s playgrounds and sports fields, swimming pools, a place to play tennis and golf.
- Nueva Málaga, Zona de Huelin, Ciudad Jardín, Cruz Humilladero and Calle La Unión are perfect for investors with medium budget and moderate requirements. There are few new buildings here, but there is housing with modern renovation at an affordable price.
- If you want to join an elite community, it is best to choose homes in El Limonar. It sells various properties with exclusive design, spacious terraces, round-the-clock security and other benefits.
- Carretera de Cádiz – Paseo Marítimo de Oeste gives you the opportunity to live a 10-minute walk from the beach and enjoy the view of the coast, especially if you choose a home on an upper floor.
- It is best to invest in studios and 1- and 2-bedroom flats in La Malagueta to rent them out, as there are many tourists who prefer to stay here.
Reasons for investing in an apartment in Malaga
It is important for overseas investors to be sure that investments will pay off quickly and bring stable passive income (if it is a rental). As a rule, expats are interested in a comfortable lifestyle and the prospect of further resale, because many of them do not plan to stay in the country for more than 5–10 years. Buying apartments in Malaga is beneficial both for renting and for long- or medium-term investments, because:
- The rental rate in early 2024 was €13.7 per m², and it is higher than in most other Spanish resorts;
- Prices are rising almost as rapidly as in Barcelona and Madrid, and experts call Malaga one of the fastest growing tourist destinations;
- The rental yield in the province is €1,100 per month;
- You can receive an average of 5.15% per year, but investing in an apartment in Malaga in new buildings can bring up to 9% and pay off faster. If you have the financial opportunity to choose housing in a new complex, you should not miss it, because you will receive an energy-efficient property with various bonuses (swimming pool, video intercom, security, etc.).
Talking about starting costs, 1 m² in an overseas property near the city centre will cost about €3,533, and on the outskirts €2,308.
Buying apartments in Malaga
No matter what property you want to purchase, villas in Spain or cosy housing units in a residential complex, the Global-Property.Investments will provide you with up-to-date information about the best properties from trusted real estate agencies and developers. After making a list of requirements, you need to specify the parameters (area, number of bedrooms and bathrooms, distance to the beach, floor, cost, views from the window, etc.) to view the offers in the community where you are eager to buy a flat in Malaga. All data is checked and added manually. Moreover, we give you the opportunity to study the photos and write or call the seller after the final selection. You can start searching straight away, and this will be the best solution, because demand exceeds supply, and housing prices in the province are growing by at least 3-5% per year, including taxes!