Malaga Real Estate Market

The latest study by the Malaga property market reveals that there is a progressive increase in the sales of homes in the province, especially in those of second handThis is due to the fact that the shortage of supply of new builds means that demand is focused on second-hand homes. During 2016, 19,438 second-hand homes were sold compared to 1,624 new builds.

Currently in Malaga city there are 56 projects underway with an average price of 1,682 € per square metre, this price indicates the growth of housing in the areas of greatest demand. We would like to highlight the increase in house prices in the municipalities of Mijas y Marbella, being the leading municipalities on the Costa del Sol in terms of housing. This market study reflects the scarcity of new future supply in the real estate market and that the existing demand is focused on small-scale operations.

With regard to the commercial premisesIn 2016 there has been a clear improvement in the main commercial areas of the city. An example of this is the data that has been obtained which shows that the average rental rents in Calle Marqués de Larios reach €190 per square metre per month, competing with the best streets in Spain: Preciados in Madrid and Porta de Ángel in Barcelona. The growth of the economy has generated an increase in demand for logistics space that has not been able to be satisfied due to the shortage of space.

On the other hand, another point that the study touches on is the offer of shopping centresThe number of shopping centres is very high in the province of Malaga as a whole, where there are 24, while in the city there are 14. HOTEL OFFERhas been on the rise since 2011-2012. Malaga has 107 hotel establishments and 5,130 beds. The main hotel profitability indicators show a positive trend. The supply of tourist flats is growing very positively, from 385 establishments in 2011 to 504 in 2015, and if it continues at this rate it would exceed the number of bedplaces offered by all hotels.