The Costa del Sol is one of Europe’s strongest and most stable real estate markets — driven by solid international demand and limited supply in key coastal areas. Foreign buyers account for a significant share of all transactions in Málaga province.

The region offers strong infrastructure, flight connections across Europe, an international community, and a high quality of life. Property prices have increased by 10–14% annually in recent years, supported by a structural housing shortage and continued international demand. For investors, the rental market is also key — a well-managed property on the Costa del Sol typically achieves 3.5–6.5% net yield. The region is well suited for a second home, investment, or permanent residence.

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Prices are on an upward trend, supported by two structural factors: limited supply in prime coastal locations and strong international demand. New development volumes have increased but still do not keep pace with demand.

There are significant price differences between areas — Marbella is the most expensive, Estepona and Benalmádena fall into the mid-range, while inland areas are the most affordable. Rental prices are also at record levels. The strongest markets are Marbella, Estepona, Benahavís, Mijas, and Málaga city, where demand is year-round and the buyer base is international.

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Yes, but not every property. Short-term rentals require a tourist licence (VFT — Vivienda con Fines Turísticos), which must be registered in the Andalusian Tourism Registry. From 2025, obtaining a new licence in apartment buildings requires approval from 3/5 of the co-owners. In addition, the property must have an NRUA number, which must be renewed annually.

Regulations have become significantly stricter. Renting without a licence is illegal, and fines are high. Before purchasing a property, it is essential to verify whether the specific property already has a valid licence or whether one can be obtained — this depends on community rules, local municipality requirements, and regional regulations. Long-term rentals (from 61 days) are less regulated and do not require a tourist licence, but the property cannot be advertised on platforms such as Airbnb, Vrbo, or Booking. Rental-related documentation should be one of the first things to check before making a purchase decision — not the last.

Book a free consultation — we will verify whether your planned rental strategy is feasible for the specific property before you buy.

The most common risks are: unregistered construction works, missing occupancy licence, hidden debts attached to the property, incorrect pricing, and purchasing for investment without a rental licence. Most of these can be avoided with proper legal due diligence before the transaction.

Older properties often lack a first occupancy licence (licencia de primera ocupación), and extensions may not be registered in the building records — this can make the transaction impossible or create issues later. The data in the land registry, cadastral records, and escritura must match — discrepancies cause delays, especially if financing is involved. Overpaying is a common mistake when the buyer does not understand true market values in the area. When buying for rental purposes, it is essential to verify in advance whether a tourist licence exists or can be obtained — after the purchase, it may already be too late.

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Off-plan means buying a property before construction is completed — based on the developer’s plans and project documentation. The main advantage is a lower entry price and a flexible payment structure; the main risks are construction delays and developer insolvency.

Payments are made in stages: a reservation fee, then 20–30% upon signing the private purchase contract, and the remaining balance on completion. This means you do not need to pay the full amount upfront. Off-plan property values typically increase by 5–30% during construction, making it an attractive investment. Spanish law protects the buyer through a bank guarantee or insurance — if the developer fails to complete the project, you must be refunded. It is essential to verify the developer’s track record, the building licence, and penalty clauses set out in the contract.

Book a free consultation — we help assess the specific development and verify the developer before you decide.