Estepona Property Prices, Rents & Rental Yields

About Estepona

Estepona combines a long Mediterranean shoreline with a walkable historic centre, marina areas and a growing collection of modern apartment schemes. That mix gives the city a coastal lifestyle feel while keeping it firmly connected to the wider Costa del Sol market.

September 2026 points to a clear tension in Estepona’s apartment market: prices are still edging higher, but rental growth is much flatter. The average sale price now stands at €545,000, while the average price per square metre is €4,540, both up 1.1% month on month and 14.7% and 11.9% higher year on year respectively. By contrast, the average rent is €2,500, unchanged from the previous month and only 0.4% above last year.

That gap matters because it leaves investors balancing capital growth against a yield that is improving, but not rapidly. The current gross yield is 5.57%, which suggests apartments in Estepona continue to generate income, yet the pace of sale-price appreciation is clearly running ahead of rental movement. In practical terms, September is showing a market where ownership costs are moving up faster than income, so the investment case leans more on longer-term value growth than on rental acceleration.