Property in Malaga. Prices for real estate in Malaga
Malaga is a province and a city in the community of Andalusia along the Costa del Sol. About 30% of the properties for sale in Malaga, which on average command prices of about €1,500 per sq.m, is bought by foreign investors from the UK, Nordic states, France and Germany. The most expensive sales are closed in the Golden Mile between Marbella and Puerto Banus.
The coastline of the province is 160 km long. Properties in Malaga are for sale not only in Malaga itself, but also in many famous resorts around the city.
Malaga is the fifth largest city in Spain, visited by about 20,000,000 tourists each year.
The most expensive real estate in Malaga is in the centre of the city, selling for about €2,000 per sq.m, which is 20% higher than the average buying price. There are several new development initiatives in the centre. Apartments in ancient buildings are often sought after by foreign investors. About €4,000-7,300 per sq.m can buy a renovated apartment here.