Spain's resale housing market closed June 2026 at a new all-time high: up 15.8% from a year ago, with an average price of €2,823/m². But behind the headline lies a two-speed market, and for anyone looking at Malaga or the Costa del Sol, the local reading matters more than the national average.
A two-speed market
The 15.8% rise hides huge differences. The most accessible markets lead with double-digit growth —Murcia (+21.1%) and Cantabria (+18.4%) at the front—, while the priciest capitals level off. Madrid, already above €6,000/m² (€6,013/m²), grew just 6.6%, far from the 25% of barely a year ago.
According to idealista spokesperson Francisco Iñareta, high prices have "withdrawn demand" and increased available supply in the most stretched markets. In other words: where housing is already expensive, the market is starting to breathe; where it is still affordable, it keeps rising strongly.
Andalucía and Málaga: solid growth, still-competitive prices
Andalucía rose 16.6% year-on-year, above the national average. Málaga —city and province— climbed 9.4% to €4,183/m². It is a healthy pace: less euphoric than Murcia, but with a price level well below Madrid or Barcelona. For the Costa del Sol, that combination —steady appreciation and still-competitive prices— is exactly what keeps drawing both lifestyle buyers and investors.
It is worth remembering that Málaga was one of 24 capitals (out of 52) that set a price record in June. The local market shows no signs of cooling.
What it means if you buy or invest on the Costa del Sol
A few practical takeaways from these figures:
- Málaga is at or near record highs: waiting for a "dip" is a risky bet while demand stays strong.
- At €4,183/m², the Costa del Sol still offers value versus Madrid (€6,013/m²), adding climate, sea and international demand.
- In a two-speed market, choosing the right area and asset type is key: within Málaga, prices vary widely from one neighbourhood to another.
- Foreign and lifestyle demand, together with limited quality supply, underpin prices: good for sellers, but it demands speed from buyers.
Conclusion
June's figures confirm what we see on the ground: the Costa del Sol keeps appreciating steadily, still below the priciest capitals and with demand that is not cooling. If you are weighing a purchase or investment in Málaga, the data does not point to a correction that justifies waiting; it makes more sense to act with good advice. At EVS Property we help you find the right opportunity and analyse each area with data. Get in touch or explore our Costa del Sol listings.
What next? The most useful thing after reading is to look at the real market: browse properties by city or tell us on WhatsApp what you are looking for — area, budget, timing — and we will prepare a tailored selection, with no obligation.
You may also find useful: sell your property invest on the Costa del Sol free valuation monthly price report
