PROPERTY SEARCH
Málaga property prices jump 62% in five years as affordability crisis deepens
New figures show a typical 90m² home now costs more than €310,000, far outpacing the national average
Anyone hoping that property prices along the Costa del Sol might cool down will be disappointed by the latest figures. Málaga has recorded the sharpest rise in housing prices in Andalucía over the past five years, with values climbing by 62.02% since 2020.According to a new report by property portal pisos.com, a typical 90-square-metre home in the province has gone from €191,866 to €310,858. That increase not only dwarfs the national average rise of 32.80%, but is almost double the overall Andalusian increase of 34.37%.
The surge places Málaga third in Spain overall for price growth, behind only Santa Cruz de Tenerife and the Balearic Islands.
The situation is even more striking in Málaga city itself. There, average prices have jumped by 67.44% in five years, rising from €209,292 to €350,430, underlining just how intense demand has become in the capital of the Costa del Sol.
Ferran Font, spokesperson and director of Studies at pisos.com, said there has been “a very marked territorial gap in the evolution of housing prices” since the pandemic. Coastal provinces and major cities, he explained, are seeing the biggest increases due to “very solid demand, both residential and investment, versus a clearly insufficient supply.”
He warned that Spain should not be analysed as a single market. “While some areas face serious accessibility problems due to the sharp increase in prices, others continue to struggle to maintain their residential appeal and curb depopulation,” he said, describing the current situation as “an unprecedented affordability crisis, with increases that more than double the accumulated inflation for the period.”
The imbalance is clear within Andalucía itself. Cádiz ranks a distant second with growth of 33.15%, followed by Granada at 29.96% and Huelva at 27.35%. At the other end of the scale, Jaén and Córdoba have seen far more modest increases of 7.31% and 10.38%.
This trend is also reflected in other parts of southern Spain, where coastal markets have been under sustained pressure, with Murcia’s shoreline recording rises of more than 30% in recent months.
A similar pattern has also emerged on the Costa Blanca, where strong demand in Benidorm and Torrevieja has pushed affordability close to its limits.
Taken together, the figures underline a growing divide between inland and coastal areas, and reinforce concerns that in provinces such as Málaga, owning a home is becoming increasingly out of reach for many residents.
Image: Jakub Żerdzicki/Unsplash
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