Malaga has secured its status as a highly coveted residential location in Spain, boasting average rental prices around €13.50 per square metre and property purchase prices averaging €3,227 per square metre in the city center as of early 2024.
Factors Driving Demand
International buyers and digital nomads are increasingly drawn to Malaga thanks to its favorable climate, rich cultural offerings, and improving infrastructure. This influx has significantly impacted demand in the region.
A Comparative Market Analysis
While Malaga is still more affordable compared to Madrid or Barcelona, its market competitiveness has increased, and the price gap has gradually narrowed over recent years, reflecting steady price hikes.
Urban Development and Connectivity
In response to the rising interest, local authorities are enhancing urban development and transport links, bolstering Malaga’s appeal as a vibrant hub for real estate investment and lifestyle-oriented relocation.
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