Average property and Villa prices.
Property and Villa prices fluctuate based on location, size, amenities, and overall market conditions. The average sale price of a villa on the Costa del Sol can vary depending on the specific area and property features. That being said, based on recent market trends, you can expect to pay an average of around €1.2 million to €2.5 million for a medium size villa on the Costa del Sol.
Generally, it is less on the Costa Blanca. Some people say it is a better investment, but you have to take into consideration whether you want a vibrant lifestyle or something more chilled. We love both.
Factors Affecting Price:
1) Location: Villas in prime areas like Marbella, Puerto Banús, and Estepona tend to be significantly more expensive than those in other parts of the Costa del Sol.
2) Size and Amenities: The size of the villa, the number of bedrooms and bathrooms, the size of the plot, and amenities such as a pool, garden, and sea views will impact the price.
3) Luxury Features: High-end villas with additional features like spas, gyms, home automation, and designer interiors will command a premium price.
Prices can range from significantly lower to much higher depending on the specific property. Less than €1.2 million is unlikely, more than €3 million is probable. Prices can reach up to €50 million, but the high-end average is €15.6 million.
Specific examples:
Marbella: Average Villa Price: €2.5 million – €3.5 million. Factors Affecting Price: Location within Marbella (Golden Mile, Nueva Andalucía, etc.), size, amenities, and proximity to the beach significantly influence the price.
Estepona: Average Villa Price: €1.2 million – €2 million. Range: Estepona generally offers more affordable options compared to Marbella, but prices can still vary greatly based on location and property features.
Areas on the Costa del Sol
Campo de Mijas – 2,129 €/m2. …
Riviera del Sol – 2,271 €/m2. …
Las Lagunas – 2,315 €/m2. …
La Zagaleta-El Madroñal – 6,561 €/m2. …
Nagüeles-The Golden Mile – 5,731 €/m2. …
La Quinta – 5,250 €/m2. …
Nueva Andalucía – 4,998 €/m2. …
Los Flamingos – 4,417 €/m2.
Most affordable housing on the Costa Blanca:
- North of Alicante: Areas like Javea, Moraira, and Denia are generally more affordable than the central Costa Blanca, although still popular.
- Inland Towns: Towns like Alicante, Elche, and Villena offer lower prices than coastal areas.
- Smaller Villages: Charming villages like Altea, Alfaz del Pi, and Calpe offer more affordable housing compared to the bigger coastal towns.
- New Developments: New builds and off-plan properties can sometimes be found at lower prices than resale properties.
Key Factors to Consider:
- Proximity to the Coast: Prices increase dramatically the closer you are to the beach.
- Infrastructure & Amenities: Towns with good amenities, transport links, and local services tend to be more expensive.
- Property Type: Apartments are generally more affordable than detached villas.
- Condition & Size: A larger, older property may be more affordable than a smaller, newer one.
Price trends
After a slight drop in the third quarter of last year, the price of housing has risen once again in Malaga province, the latest data shows. In the first three months of this year, the average price per square metre of a property for sale in the province including the Costa del Sol climbed to 2,412 euros…
It is 1.2% more than the figure recorded at the end of 2023 and about the same figure as a year ago, when the valuer’s studies showed an average price of 2,419 euros per square metre. The data shows that the 4% drop in the prices of property for sale in Malaga province in the third quarter of last year was a one-off event.
When all is said and done…
Any property or Villa is worth only what someone is willing to pay for it!
Sources: Google Gemini | Sur in English | Wikipedia