Malaga, Spain
Property prices · 2024 · Europe
Property price trend in Malaga (2024–2026)
Property comparison — cities in Spain (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Malaga |
|---|---|---|---|---|
| Malaga | EUR 3,500 | EUR 2,300 | EUR 950 | — |
| Barcelona | EUR 6,200 | EUR 4,000 | EUR 1,500 | +77.1% |
| Madrid | EUR 5,500 | EUR 3,400 | EUR 1,300 | +57.1% |
| Bilbao | EUR 3,800 | EUR 2,500 | EUR 1,000 | +8.6% |
| Valencia | EUR 3,200 | EUR 2,100 | EUR 900 | -8.6% |
| Seville | EUR 2,800 | EUR 1,800 | EUR 800 | -20% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Malaga in 2024?
In Malaga, the average price per sqm in the city centre is EUR 3,500, and EUR 2,300 outside the centre (2024 data). Prices have risen 7.5% since 2024.
How much is rent in Malaga in 2024?
A 1-bedroom apartment in Malaga rents for approximately EUR 950 per month in 2024. A 3-bedroom apartment costs around EUR 1,500/month.
Is it better to buy or rent in Malaga?
Buying and renting are roughly comparable in Malaga. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 3.90%.
What are mortgage rates in Spain in 2024?
The average mortgage rate in Spain is approximately 3.90% as of 2024. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Malaga?
The average property price per square metre in Malaga city centre is EUR 3,500 in 2024. Outside the centre, expect to pay around EUR 2,300/sqm.