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Market report

Costa del Sol market report Q3 2026

Our own market report for the third quarter of 2026. Prices, supply, new builds and individual towns, calculated from our catalogue. Published August 12, 2026.

The summary, in one sentence
The market has cooled. Prices are still rising, but more slowly.
Listings in the catalogue9.166New build and resale properties together, on the day the snapshot was frozen.
Median asking price680.000 €The middle price, not the average. Half the listings sit above it, half below.
Median price per m²4.750 €/m²Asking price divided by built area, then the middle value.
New build projects286Every development on sale on the coast, not a selection.

Figures frozen on August 12, 2026. They do not move after publication.

What changed

Five things that moved this quarter

This is the first report, so there is nothing to compare it with yet. From the next quarter on, every number here carries its change.

Where a figure cannot be calculated from the catalogue, it is left out rather than estimated.

Prices

Our catalogue, quarter on quarterfirst measurement
The median asking price is 680.000 €, or 4.750 €/m² per m². The catalogue runs from 100.000 € to 35 mil. €. Resale properties sits at 4.710 €/m² per m² and new build at 6.167 €/m² per m².
Official statisticsSold pricesTo be added once the Spanish authorities publish it.
Expected publication: November 2026Source: Ministerio de Vivienda
Price per m2 of properties actually sold in Malaga province. Our catalogue knows asking prices only. Exact source: Ministerio de Vivienda y Agenda Urbana, Estadistica de precio de vivienda libre (appraised value, EUR/m2, by province), or Tinsa IMIE.

Transactions

Transaction volumes come from the official registry and are published a quarter behind, so this section reports the last confirmed period rather than the current one.
Official statisticsTransaction volumeTo be added once the Spanish authorities publish it.
Expected publication: November 2026Source: Colegio de Registradores
The number of properties sold in Malaga province in the quarter, and the share of foreign buyers. Exact source: Colegio de Registradores, Estadistica Registral Inmobiliaria (quarterly, by province), or INE, Estadistica de Transmisiones de Derechos de la Propiedad.

Demand

Measured by enquiries we receive, not by anything published. It tells you what buyers are asking for, which is not always what is being sold.
Official statisticsMortgagesTo be added once the Spanish authorities publish it.
Expected publication: October 2026Source: INE
New residential mortgages registered in Malaga province and the average interest rate, plus the Euribor at the end of the quarter. Exact source: INE, Estadistica de Hipotecas (monthly, by province), and Banco de Espana for the Euribor.
Official statisticsBuyer nationalitiesTo be added once the Spanish authorities publish it.
Expected publication: November 2026Source: Colegio de Registradores
The share of each nationality buying in Malaga province in the quarter, including the Czech share where it is reported. Exact source: Colegio de Registradores, Estadistica Registral Inmobiliaria, buyers by nationality table.
Our own dataOur own buyersTo be added from our CRM, once it is connected to the site.
Expected publication: October 2026Source: CRM Arevont
The spread of our own enquiries for the quarter: country, budget, town, new build or resale property. This is the only figure in the report nobody else has, which is why it is worth publishing. Exact source: Arevont CRM. Needs a quarterly enquiry export; not yet connected to the site.

New build

Projects on sale, quarter on quarterfirst measurement
The catalogue holds 286 projects with a median of 641.000 € and entry prices from 227.400 €.
Official statisticsNew building permitsTo be added once the Spanish authorities publish it.
Expected publication: November 2026Source: Ministerio de Vivienda
Residential building permits issued in Malaga province in the quarter. Our catalogue shows only projects already on sale. Exact source: Ministerio de Vivienda y Agenda Urbana, Estadistica de visados de direccion de obra (Colegios de Arquitectos Tecnicos).

Regulation

Rules on short term rental, tourist licences and community rights change by town and by building. Anything here is a general position, never advice on a specific property.
Official statisticsShort-term rental rulesTo be added once the Spanish authorities publish it.
Expected publication: October 2026Source: BOJA + municipal bulletins
Which Costa del Sol municipalities changed their tourist-rental conditions in the quarter, with a link to the specific decree. Without a link it does not go in the report. Exact source: Boletin Oficial de la Junta de Andalucia (tourist accommodation register) and the individual municipal bulletins, mainly Malaga and Marbella.
Data

Five charts, the same five every quarter

The same measures in the same order each time, so one report can be read against another without re-learning the layout.

Median asking priceMedian asking price across the whole catalogue.
Q3 2026: 680.000 €.
680.000 €first measurement
Q3 2026680.000 €
One measurement. The second column arrives in the next report.
Median price per m²Median asking price per m² of built area.
Q3 2026: 4.750 €/m².
4.750 €/m²first measurement
Q3 20264.750 €/m²
One measurement. The second column arrives in the next report.
Listings in the catalogueHow many properties were listed at each snapshot.
Q3 2026: 9.166.
9.166first measurement
Q3 20269.166
One measurement. The second column arrives in the next report.
New buildsProjects on sale, not units.
Q3 2026: 286.
286first measurement
Q3 2026286
One measurement. The second column arrives in the next report.
Official statisticsTransaction volumeTo be added once the Spanish authorities publish it.
Expected publication: November 2026Source: Colegio de Registradores

By town

Towns with fewer than 10 listings are left out: below that, one unusual property moves the median and the number stops meaning anything.

Median price per m², by townAsking price per m² of built area.
Manilva (107)3.866 €/m²
first measurement
San Roque and Sotogrande (72)4.255 €/m²
first measurement
Torrox (13)4.451 €/m²
first measurement
Casares (85)4.710 €/m²
first measurement
Mijas (324)4.961 €/m²
first measurement
Benalmádena (116)5.568 €/m²
first measurement
Estepona (574)5.763 €/m²
first measurement
Benahavís (354)6.286 €/m²
first measurement
Málaga (24)6.314 €/m²
first measurement
Fuengirola (216)6.638 €/m²
first measurement
Torremolinos (42)6.696 €/m²
first measurement
Marbella (877)7.710 €/m²
first measurement
Median asking price, by townThe middle listing price in each town.
Manilva (107)495.000 €
first measurement
Torrox (13)599.000 €
first measurement
Casares (85)625.000 €
first measurement
Fuengirola (216)704.000 €
first measurement
Mijas (324)737.000 €
first measurement
Estepona (574)850.000 €
first measurement
Torremolinos (42)892.000 €
first measurement
Benalmádena (116)1 mil. €
first measurement
Málaga (24)1,2 mil. €
first measurement
San Roque and Sotogrande (72)1,6 mil. €
first measurement
Marbella (877)1,7 mil. €
first measurement
Benahavís (354)1,7 mil. €
first measurement
Listings, by townHow much choice each town actually offers.
Torrox13
0,5 %
Málaga24
0,9 %
Torremolinos42
1,5 %
San Roque and Sotogrande72
2,6 %
Casares85
3 %
Manilva107
3,8 %
Benalmádena116
4,1 %
Fuengirola216
7,7 %
Mijas324
11,6 %
Benahavís354
12,6 %
Estepona574
20,5 %
Marbella877
31,3 %
Apartments from, by townThe cheapest apartment listed in each town.
Manilva228.000 €
Estepona285.000 €
Mijas299.000 €
Benalmádena319.000 €
Fuengirola330.000 €
Torremolinos390.000 €
Marbella399.000 €
Málaga399.000 €
Benahavís415.000 €
Casares440.000 €
San Roque and Sotogrande492.000 €
Villas from, by townThe cheapest villa listed in each town.
Manilva399.000 €
Mijas409.000 €
Estepona590.000 €
Marbella599.000 €
Benalmádena611.895 €
Benahavís640.000 €
Casares730.000 €
Fuengirola750.000 €
Málaga799.000 €
Torrox850.000 €
San Roque and Sotogrande995.000 €

What is on the market

The shape of the catalogue: what it costs, what type it is, and when it will be finished.

Listings by price bandWhere the supply actually sits.
up to 250k €359
3,9 %
250k to 500k €2.731
29,8 %
500k € to 1 mil. €3.145
34,3 %
1 to 2 mil. €1.515
16,5 %
2 to 5 mil. €1.068
11,7 %
5 mil. € and above348
3,8 %
Listings by property typeApartments, villas, townhouses and plots.
Apartments3.641
39,7 %
Villas2.804
30,6 %
Penthouses1.406
15,3 %
Townhouses950
10,4 %
Other365
4 %
New build by completion yearAnything before 2026 is already built and ready to move into.
2023, ready2 projects
2024, ready12 projects
2025, ready45 projects
202673 projects
202772 projects
202870 projects
20297 projects
Listings by bedroom countHow the catalogue splits by size.
1 bedroom424
4,7 %
2 bedrooms2.459
27,5 %
3 bedrooms3.075
34,3 %
4 bedrooms1.461
16,3 %
5 or more bedrooms1.533
17,1 %
Browse every new build development
Town by town

Every town on the coast, with the numbers behind it

The same five figures for each town. Sorted by median price per m².

Marbella877 listingsProperties in Marbella
Median price1,7 mil. €
Per m²7.710 €/m²
Apartments from399.000 €
Villas from599.000 €
Changefirst measurement
Torremolinos42 listingsProperties in Torremolinos
Median price892.000 €
Per m²6.696 €/m²
Apartments from390.000 €
Villas fromToo few
Changefirst measurement
Fuengirola216 listingsProperties in Fuengirola
Median price704.000 €
Per m²6.638 €/m²
Apartments from330.000 €
Villas from750.000 €
Changefirst measurement
Málaga24 listingsProperties in Málaga
Median price1,2 mil. €
Per m²6.314 €/m²
Apartments from399.000 €
Villas from799.000 €
Changefirst measurement
Benahavís354 listingsProperties in Benahavís
Median price1,7 mil. €
Per m²6.286 €/m²
Apartments from415.000 €
Villas from640.000 €
Changefirst measurement
Estepona574 listingsProperties in Estepona
Median price850.000 €
Per m²5.763 €/m²
Apartments from285.000 €
Villas from590.000 €
Changefirst measurement
Benalmádena116 listingsProperties in Benalmádena
Median price1 mil. €
Per m²5.568 €/m²
Apartments from319.000 €
Villas from611.895 €
Changefirst measurement
Mijas324 listingsProperties in Mijas
Median price737.000 €
Per m²4.961 €/m²
Apartments from299.000 €
Villas from409.000 €
Changefirst measurement
Casares85 listingsProperties in Casares
Median price625.000 €
Per m²4.710 €/m²
Apartments from440.000 €
Villas from730.000 €
Changefirst measurement
Torrox13 listingsProperties in Torrox
Median price599.000 €
Per m²4.451 €/m²
Apartments fromToo few
Villas from850.000 €
Changefirst measurement
San Roque and Sotogrande72 listingsProperties in San Roque and Sotogrande
Median price1,6 mil. €
Per m²4.255 €/m²
Apartments from492.000 €
Villas from995.000 €
Changefirst measurement
Manilva107 listingsProperties in Manilva
Median price495.000 €
Per m²3.866 €/m²
Apartments from228.000 €
Villas from399.000 €
Changefirst measurement

Left out for having too few listings to give a meaningful median: Rincón de la Victoria (6), Nerja (5).

Two different markets

New build and resale properties do not behave the same way

They are priced differently, they are taxed differently, and they move at different speeds. Comparing them as one market hides both.

New builds286 projects
Median asking price641.000 €
Median price per m²6.167 €/m²
Lowest price in the catalogue227.400 €
Apartments from227.400 €
Villas from1.014.000 €
Resale properties8.880 listings
Median asking price680.000 €
Median price per m²4.710 €/m²
Lowest price in the catalogue100.000 €
Apartments from110.000 €
Villas from105.000 €
Price bands, new build against resale propertyThe share of each market that sits in each band.
up to 250k €: New build 1 %, resale property 4 %. 250k to 500k €: New build 33,6 %, resale property 29,7 %. 500k € to 1 mil. €: New build 36,7 %, resale property 34,2 %. 1 to 2 mil. €: New build 11,9 %, resale property 16,7 %. 2 to 5 mil. €: New build 14,3 %, resale property 11,6 %. 5 mil. € and above: New build 2,4 %, resale property 3,8 %.New buildResale properties
up to 250k €1 %4 %
250k to 500k €33,6 %29,7 %
500k € to 1 mil. €36,7 %34,2 %
1 to 2 mil. €11,9 %16,7 %
2 to 5 mil. €14,3 %11,6 %
5 mil. € and above2,4 %3,8 %
Bedroom counts, new build against resale propertyThe share of each market at each size.
1 bedrooms: New build 10,8 %, resale property 4,5 %. 2 bedrooms: New build 46,2 %, resale property 26,9 %. 3 bedrooms: New build 29,4 %, resale property 34,5 %. 4 bedrooms: New build 9,1 %, resale property 16,6 %. 5 or more bedrooms: New build 4,5 %, resale property 17,5 %.New buildResale properties
110,8 %4,5 %
246,2 %26,9 %
329,4 %34,5 %
49,1 %16,6 %
5 or more4,5 %17,5 %
Next quarter

What we are watching

What tells us most right now is the completion date. Our catalogue has 73 projects completing in 2026, 72 in 2027 and 70 in 2028, so the supply of new builds is not falling in the next few years. The second thing is the gap between the coast and inland: median price per m² differs by more than a factor of two between towns, and that is where it is decided whether something is still a good buy. The third is the short-term rental rules, above all in Malaga. Those change at municipal level and, for a property you intend to let, they can matter more than the price. We are following all three, and the next report will compare them against this quarter.

Methodology

Where these numbers come from

We calculate the report from our own catalogue of new build and resale properties on the Costa del Sol, not from national statistics. The figures are frozen as at August 12, 2026.

These are asking pricesWe calculate from the prices properties are offered at. Sold prices are not public in Spain, and anyone who tells you what a property sold for knows it from a different source than we do.
Median, not averageThe median means half the listings are cheaper and half are more expensive. One villa at thirty million euros throws an average off. It does not move the median.
We leave out towns with a small sampleWhere we have fewer than 10 listings we do not publish a median. An empty space is better than a number that means nothing.
Price per metre is for comparison onlyIt is there to compare towns against each other. What a specific property is worth is decided by its location, its view, its floor, its condition and its distance from the beach.
What you will not find in the reportThe number of properties sold, notary prices, mortgages or buyer nationalities. Spanish authorities publish those and we add them by hand. Until then the report shows an empty space with the date we expect it.
Why the comparison only arrives in the next reportNobody publishes price history in a form that can be used. So we store the whole catalogue every quarter, and from the second report on we calculate the real change from it.
Every chart is drawn from one set of dataEvery chart in the report is calculated from the same frozen catalogue. Bars are always in proportion to the highest value in that set, and each chart says how many listings it is calculated from.

What is in every report

The same seven sections every quarter, in the same order.
  • 01Summary: the key numbers and the verdict
  • 02The five biggest changes
  • 03Charts
  • 04Town by town
  • 05New builds vs resale property
  • 06What we are watching next
  • 07Methodology
Archiv

Earlier quarters

Every report we have published. The numbers in each are frozen at the date it was written.

This report is free and there is nothing to sign up for. We publish it because a buyer who understands the market asks better questions, and better questions make our job easier too.

If you want the same numbers for one town, or for a specific type of property, ask us and we will pull them.