Málaga Property Prices, Rents & Rental Yields

About Málaga

Málaga, on Spain’s Mediterranean coast, blends a historic urban core with a seafront setting and year-round city life. Its apartment market reflects that mix: a place where coastal appeal and central convenience meet in a compact, established city environment.

July 2026 points to a market that is still edging upward, but without a matching rise in rental returns. The average apartment sale price reached €350,000, while the average price per square metre stood at €3,930, both up 0.3% month on month. Over the same period, the average rent price held at €1,400, showing no monthly movement.

The longer view reinforces the same tension. Compared with July 2025, the average sale price is up 3.2% and the average €/m2 level has risen 4.4%, yet rents are unchanged year on year. That leaves the reported yield at 5.06%, a useful level, but one that has to be read against the pace of capital-value growth. For investors tracking Málaga apartments, the story this month is not a dramatic shift, but a gradual re-pricing pattern in which ownership costs are moving ahead while income is staying flat.