Málaga (city) real estate market — prices, rental yield and trend

• Average price: $4,448 / m²
• Gross rental yield: 4.99%
• 12-month price change (USD): 0.35%
• Net rental yield: 4.04%
• Transaction cost: 15.3%
• Price basis: local-market average

Residential property in Málaga (city) averages $4,448 per square metre. In dollar terms the market has barely moved over the last twelve months (+0.4%). That makes it the 94th most expensive of the 264 markets in the set.

What a buyer pays in Málaga (city)

The $4,448 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 15.3% of the price here. On a 100 m² apartment at the average price that is roughly $68,061 on top of the $444,845 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here. Of that, the transfer tax alone is 4–13% depending on the buyer and the property; the rest is notary, registration and agency fees. Against the Spain national average of $3,390, Málaga (city) carries a 31.2% premium — the gap between this market and the country as a whole. Among the other Spain markets we track, Benidorm at $4,286 is 3.8% cheaper, and Seville at $3,287 is 35.3% cheaper.

What it earns

A square metre lets for about $18.5 a month. Against a purchase price of $4,448 per square metre that is 5% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 147th of 311 markets by gross yield. Rental income is taxed at 19–24% — the rate is not a single number here. That is the difference between 3.8% and 4% net on the same property. The 4% net figure we publish uses 19%. On the way out there is a third tax: a non-resident seller pays 19% on the gain.

How the tax works. 19% or 24% depending on where the owner is tax-resident, not on the rent level. Owners resident in the EU/EEA pay 19% on net income after deductible expenses (TRLIRNR arts. 24.6 and 25.1.a); owners resident outside the EU/EEA pay 24% on the gross rent with no deductions (art. 24.1). The 50–60% long-term letting relief of the resident regime does not apply to non-residents. Source: agenciatributaria.gob.es.

Who can buy in Málaga (city)

Freehold, no restrictions. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Málaga (city) is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Málaga (city) be compared with a country average or another city.

Sources: idealista.com. Snapshot: 2026-10-17.