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Málaga: Living on the Costa del Sol with New Construction Homes
If you’ve ever dreamed of living in a place where the sun shines most of the year, the beaches are spectacular, and the supply of new construction homes is abundant, then Málaga could be your ideal destination. In this article, we will take you on a tour of the exciting new construction offerings in Málaga and show you why this region of the Costa del Sol is becoming an increasingly popular place to call “home.”
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Málaga: More Than Just Sun and Beaches
Málaga is a city that perfectly blends the modern and the traditional. Its golden sandy beaches and warm climate are just the beginning of its appeal. In recent years, Málaga has experienced a boom in the construction of new homes, contributing to its growth and development.
The New Construction Offer in Málaga
According to data from the consultancy firm Activum Real Estate Consulting, the supply of new construction homes in Málaga has mainly concentrated in three municipalities: Marbella, Benalmádena, Costa, and Estepona. These locations represent approximately 72% of the total supply of new construction homes in the Andalusian province. What makes these areas so attractive?
Marbella: With its elegant lifestyle, Marbella attracts buyers looking for luxury and exclusivity. Here, you’ll find some of the most dazzling and modern properties in the region.
Benalmádena Costa: This place is a paradise for beach and ocean lovers. New construction in Benalmádena Costa offers panoramic sea views and easy access to the beaches.
Estepona: This municipality combines traditional Andalusian beauty with modern amenities. Its cobbled streets and marina are just some of the attractions that make it special.
Sustained Growth
The report from Activum Real Estate Consulting also reveals that the new construction market in Málaga has shown steady growth from 2018 to 2022 when it peaked with 4,134 units sold. Although there has been a 24% decrease in sales in 2023 compared to the previous year, these numbers still surpass the averages of previous years. This suggests a long-term growth trend, making Málaga a solid and attractive real estate market.
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Price Diversity
Prices for new construction vary depending on the location in Málaga. In the city of Málaga, the average price per square meter for new construction reaches €3,049, making it an attractive option for those seeking urban living and all its conveniences. In the Western Costa del Sol, where Marbella and Estepona are located, prices are slightly higher but offer a luxury lifestyle, with prices reaching €3,332 per square meter. In the Eastern Costa del Sol, prices are more accessible, with an average of €2,298 per square meter.
Your Future in Málaga
Málaga is more than a tourist destination; it’s a place where opportunities for a quality life abound. The supply of new construction in Málaga, along with its vibrant lifestyle, makes this region an appealing choice for those looking to settle in a place where the sun and the sea are an integral part of daily life.
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If you’re considering Málaga as your next home, you’re not alone. The growth trend in new construction supply and stability in the second-hand market suggest continued interest from buyers in the region. Come and discover for yourself why Málaga is much more than a vacation spot; it’s a place to build your future.
