Costa del Sol · Updated September 2026
Costa del Sol property market report
Prices, mortgage rates and who is buying, from Sotogrande to Málaga, with the new-build pipeline from our own records. Every figure shows its source and date, and the page is updated monthly.
Photo: Nan Palmero, CC BY 2.0Key figures
Málaga province
€3,084/m²
+66% in five years, +13.8% in a year
Official appraised value, Q2 2026. Ministry of Housing
Marbella
€4,528/m²
+71% in five years, +15.6% in a year
Official appraised value, Q2 2026. Ministry of Housing
Estepona
€3,518/m²
+96% in five years, +12.1% in a year
Official appraised value, Q2 2026. Ministry of Housing
Foreign buyers, province
37%of purchases
All of Málaga province, Q2 2026
Registradores, published August 2026
Euribor 12 months
2.954%
2.114% a year earlier
August 2026 average. Banco de España
New developments
515tracked
511 with homes for sale
Marbella Live, checked 7 October 2026
Official appraised value, Q2 2026
Prices by town
Over five years, the official average value of homes across Málaga province has risen 66%, to €3,084 per m² in the second quarter of 2026 (+13.8% in the last year), against €2,355 for Spain as a whole. Marbella leads at €4,528, and San Roque (incl. Sotogrande), at €2,569, is the most accessible of the towns the Ministry covers.
Official appraised value per m², and the rise over five years
Official appraised value, Q2 2026. Source: Ministry of Housing, published 17 September 2026. Homes of all ages; new builds usually sit above the average. Figures after each bar show the change over five years.
| Town | Per m² | Five years | One year | New builds | From |
|---|---|---|---|---|---|
| Marbella | €4,528 | +71% | +15.6% | 78 | €375k |
| Fuengirola | €3,758 | +79% | +14.8% | 36 | €282k |
| Estepona | €3,518 | +96% | +12.1% | 122 | €305k |
| Mijas | €3,365 | +77% | +11.6% | 91 | €213k |
| Málaga | €3,321 | +81% | +14.8% | 29 | €247k |
| San Roque (incl. Sotogrande) | €2,569 | +62% | +14.5% | 25 | €341k |
| Benahavís | - | - | - | 52 | €395k |
| Casares | - | - | - | 24 | €305k |
| Manilva | - | - | - | 18 | €305k |
Per m² and changes: Official appraised value, Q2 2026. Source: Ministry of Housing, published 17 September 2026. The average appraised value of homes of all ages, new and resale. The Ministry of Housing only publishes towns of over 25,000 people. Málaga is the city. New builds and entry prices are ours (prices by budget and town), free to reuse with credit under CC BY 4.0.
Rates · August 2026 average
Mortgage rates
Most Spanish variable mortgages follow the 12-month Euribor plus a margin, typically 1.00 to 1.80 percentage points for residents, with non-residents usually paying a little more. Fixed-rate offers were about 3.2% to 4.3%; lenders update them often, so compare current quotes.
2.954%
12-month Euribor, August 2026 average
Banco de España. 2.114% in August 2025.
2.50%
ECB deposit rate since 16 September 2026
European Central Bank. 2.25% from 17 June 2026.
12-month Euribor, monthly average
Source: Banco de España, official mortgage reference rates.
Who is buying · Q2 2026
Foreign buyers across Málaga province
Málaga province is one of the most international property markets in Spain. Foreign buyers made 37% of home purchases there in Q2 2026, second only to Alicante, and 32.8% across 2025. The province registered 35,839 home sales over the last 12 months. Nationally, the largest groups of foreign buyers were British, Dutch and German. Registradores publish these shares by province, so the figures cover the whole of Málaga province rather than single towns.
Share of home purchases by foreign buyers, Q2 2026
Source: Colegio de Registradores (Estadística Registral Inmobiliaria, Q2 2026, published August 2026). Province-wide figures, and Spain as a whole. The 2025 share: Colegio de Registradores, Estadística Registral Inmobiliaria, Anuario 2025.
9,387
Home sales in Málaga province, Q2 2026
Registradores, Q2 2026
16%
Foreign buyers across Spain, a record share
Registradores, Q2 2026
Our data · New builds
The new-build pipeline
We track 511 new developments with homes for sale from Sotogrande to Málaga, checked between 21 September 2026 and 7 October 2026. Published entry prices start at €213,000, with a median of €910k. 88 have a published delivery date and 64 are ready to move into.
By construction stage
By delivery
359 more are under way with delivery dates still to be published.
By town
Source: Marbella Live, from developer price lists and project websites (how we check). Free to reuse with credit to Marbella Live under CC BY 4.0.
By town
Town market reports
- Marbella€4,528 per m²+71% in five years, +15.6% in a year
- Fuengirola€3,758 per m²+79% in five years, +14.8% in a year
- Estepona€3,518 per m²+96% in five years, +12.1% in a year
- Mijas€3,365 per m²+77% in five years, +11.6% in a year
- Málaga€3,321 per m²+81% in five years, +14.8% in a year
- SotograndeSan Roque (incl. Sotogrande)€2,569 per m²+62% in five years, +14.5% in a year
- BenahavísNew builds and entry prices
- CasaresNew builds and entry prices
- ManilvaNew builds and entry prices
Questions people ask
How much does property cost on the Costa del Sol in 2026?
Across Málaga province, the official average appraised value was €3,084 per m² in the second quarter of 2026, +66% over five years and up 13.8% on a year earlier (Ministry of Housing). Town averages ranged from €2,569 in San Roque (incl. Sotogrande) to €4,528 in Marbella. These cover homes of all ages; among new developments, published entry prices start at €213,000.
Are property prices on the Costa del Sol still rising?
Official appraised values in Málaga province were 66% higher in the second quarter of 2026 than five years earlier, 13.8% higher than a year earlier and 3.2% higher than the quarter before. Estepona rose the most over five years of the towns we follow (+96%). These are published past figures, not a forecast.
Is it a good time to buy on the Costa del Sol?
We do not forecast prices. What the figures show: official values across Málaga province +66% over five years and up 13.8% on a year earlier, a 12-month Euribor of 2.954% (August 2026 average) and 511 new developments with homes for sale. The right moment depends on how long you plan to own, how you finance and whether you buy off-plan, paid in stages, or ready to move into.
Who buys property on the Costa del Sol?
Foreign buyers made 37% of home purchases in Málaga province in Q2 2026, the second-highest share in Spain after Alicante (Registradores, Q2 2026). Across Spain the largest groups of foreign buyers were British, Dutch and German.
Where do these figures come from?
Prices per m² are the official average appraised value of homes of all ages, from the Ministry of Housing (Official appraised value, Q2 2026, published 17 September 2026). The Ministry of Housing only publishes towns of over 25,000 people. Foreign buyer shares are from the Colegio de Registradores (Estadística Registral Inmobiliaria, Q2 2026, published August 2026). Euribor is the official monthly average published by the Banco de España. Development counts and entry prices are our own, checked against developer price lists and project websites. We update this page every month.